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25 Pages«<1516171819>»
KCB 2018 and Beyond
Horton
#321 Posted : Tuesday, July 16, 2019 3:06:49 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Ebenyo wrote:
watesh wrote:
Ericsson wrote:
KCB representative office in China is up and running.

Wow. This bank is making moves



Hio maloan mingi Gok inatoa china lazima tutakula faida yake through dividends.


Huge sellers today

Looks like we are sliding back to the 36-37 levels. I’m a buyer at 36.
Ericsson
#322 Posted : Wednesday, July 17, 2019 6:25:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
Horton wrote:
Ebenyo wrote:
watesh wrote:
Ericsson wrote:
KCB representative office in China is up and running.

Wow. This bank is making moves



Hio maloan mingi Gok inatoa china lazima tutakula faida yake through dividends.


Huge sellers today

Looks like we are sliding back to the 36-37 levels. I’m a buyer at 36.


8mn shares traded today
mwekez@ji
#323 Posted : Wednesday, July 17, 2019 9:56:06 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,100
Ericsson wrote:
Horton wrote:
Ebenyo wrote:
watesh wrote:
Ericsson wrote:
KCB representative office in China is up and running.

Wow. This bank is making moves



Hio maloan mingi Gok inatoa china lazima tutakula faida yake through dividends.


Huge sellers today

Looks like we are sliding back to the 36-37 levels. I’m a buyer at 36.


8mn shares traded today

Block trades with foreigners on both the buy and sell side
Ericsson
#324 Posted : Thursday, July 18, 2019 4:28:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
Today 5.62mn shares traded.
What's the movement between foreigners and locals, buyers and sellers
mwekez@ji
#325 Posted : Thursday, July 18, 2019 6:43:34 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,100
Ericsson wrote:
Today 5.62mn shares traded.
What's the movement between foreigners and locals, buyers and sellers

Top mover after safaricom.

Today foreigners were sellers and locals were buyers.

Foreign sales: 98.70‰
Foreign buys: 9.15%
Ericsson
#326 Posted : Saturday, July 20, 2019 3:57:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
KCB Group holds 21% of Kenya Mortgage Refinance Company
murchr
#327 Posted : Saturday, July 20, 2019 4:43:16 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,010
Ericsson wrote:
KCB Group holds 21% of Kenya Mortgage Refinance Company



Is there a list of other shareholders?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
obiero
#328 Posted : Sunday, July 21, 2019 4:39:47 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
murchr wrote:
Ericsson wrote:
KCB Group holds 21% of Kenya Mortgage Refinance Company



Is there a list of other shareholders?

Good news right there
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Ericsson
#329 Posted : Monday, July 22, 2019 6:24:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
https://www.businessdail...05716-6609xw/index.html

The Consolidated Bank of Kenya has extended the maturity of its Sh2 billion ($19.39 million) medium-term note by three months to allow its biggest shareholder, the government, to inject more capital, the lender said on Monday.

The seven-year bond, which was issued to shore up the bank’s capital, allowing it to lend more to its customers, was due to mature on July 22.
It will now mature on October 22 under the same terms with additional interest payments for the extension, Consolidated said.

Govt-owned

“The extension is necessary to allow the National Treasury (finance ministry) to finalise the process of capital injection into the bank,” the lender said in a statement.

Consolidated, which is 85.8 percent owned by the government, was formed in 1989 when the state merged nine troubled financial firms.

Efforts to privatise it, along with a host of other government-owned enterprises, have been delayed for more than a decade due to red tape and the state of its books.

GoK injecting more capital=KCB acquiring it
Horton
#330 Posted : Monday, July 22, 2019 7:01:47 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/Consolidated-Bank-extends-its-bond-maturity-by-3-months/4259442-5205716-6609xw/index.html

The Consolidated Bank of Kenya has extended the maturity of its Sh2 billion ($19.39 million) medium-term note by three months to allow its biggest shareholder, the government, to inject more capital, the lender said on Monday.

The seven-year bond, which was issued to shore up the bank’s capital, allowing it to lend more to its customers, was due to mature on July 22.
It will now mature on October 22 under the same terms with additional interest payments for the extension, Consolidated said.

Govt-owned

“The extension is necessary to allow the National Treasury (finance ministry) to finalise the process of capital injection into the bank,” the lender said in a statement.

Consolidated, which is 85.8 percent owned by the government, was formed in 1989 when the state merged nine troubled financial firms.

Efforts to privatise it, along with a host of other government-owned enterprises, have been delayed for more than a decade due to red tape and the state of its books.

GoK injecting more capital=KCB acquiring it


How do u figure?
obiero
#331 Posted : Monday, July 22, 2019 7:59:31 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
Horton wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/Consolidated-Bank-extends-its-bond-maturity-by-3-months/4259442-5205716-6609xw/index.html

The Consolidated Bank of Kenya has extended the maturity of its Sh2 billion ($19.39 million) medium-term note by three months to allow its biggest shareholder, the government, to inject more capital, the lender said on Monday.

The seven-year bond, which was issued to shore up the bank’s capital, allowing it to lend more to its customers, was due to mature on July 22.
It will now mature on October 22 under the same terms with additional interest payments for the extension, Consolidated said.

Govt-owned

“The extension is necessary to allow the National Treasury (finance ministry) to finalise the process of capital injection into the bank,” the lender said in a statement.

Consolidated, which is 85.8 percent owned by the government, was formed in 1989 when the state merged nine troubled financial firms.

Efforts to privatise it, along with a host of other government-owned enterprises, have been delayed for more than a decade due to red tape and the state of its books.

GoK injecting more capital=KCB acquiring it


How do u figure?

Far fetched conclusion
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Ebenyo
#332 Posted : Tuesday, July 23, 2019 8:10:47 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,738
Location: Kitale
obiero wrote:
Horton wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/markets/capital/Consolidated-Bank-extends-its-bond-maturity-by-3-months/4259442-5205716-6609xw/index.html

The Consolidated Bank of Kenya has extended the maturity of its Sh2 billion ($19.39 million) medium-term note by three months to allow its biggest shareholder, the government, to inject more capital, the lender said on Monday.

The seven-year bond, which was issued to shore up the bank’s capital, allowing it to lend more to its customers, was due to mature on July 22.
It will now mature on October 22 under the same terms with additional interest payments for the extension, Consolidated said.

Govt-owned

“The extension is necessary to allow the National Treasury (finance ministry) to finalise the process of capital injection into the bank,” the lender said in a statement.

Consolidated, which is 85.8 percent owned by the government, was formed in 1989 when the state merged nine troubled financial firms.

Efforts to privatise it, along with a host of other government-owned enterprises, have been delayed for more than a decade due to red tape and the state of its books.

GoK injecting more capital=KCB acquiring it


How do u figure?

Far fetched conclusion



it's foreseeable.After NBK,this one next.
Towards the goal of financial freedom
Horton
#333 Posted : Sunday, July 28, 2019 7:45:47 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Back into KCB with an ABP of 39.05
PE 5, growing numbers. Great Margin of Safety, Good dividend yield, what’s there not to like?
obiero
#334 Posted : Sunday, July 28, 2019 8:26:55 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
Horton wrote:
Back into KCB with an ABP of 39.05
PE 5, growing numbers. Great Margin of Safety, Good dividend yield, what’s there not to like?

An all weather share. Good choice
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Ericsson
#335 Posted : Wednesday, August 07, 2019 11:48:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
Ericsson
#336 Posted : Thursday, August 15, 2019 8:27:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
Half year profit before tax at ksh.17.9bn
Profit after tax at ksh.12.7bn
Interim dividend of ksh.1 per share to be paid on 15th November to shareholders at the close of business on 5 September
Ericsson
#337 Posted : Thursday, August 15, 2019 10:18:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
KCB Group PLC has posted a 5% growth in after tax profit to KShs. 12.7 billion for the first half of 2019 ending June. The improvement in earnings is attributable to growth in loan book and increased mobile channel activity.
“There has been a 12% growth in Gross loans advanced & we have seen the ratio of non-performing loans to total loans decline to 7.8% from 8.4%, well below the industry average of 12.7%”
Ericsson
#338 Posted : Thursday, August 15, 2019 10:25:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
In the international subsidiaries KCB Tanzania is the most profitable then followed by Rwanda,South Sudan then Burundi
KCB Tz PBT ksh.451mn growth of 22% from 371mn
KCB Rwanda PBT ksh.419mn growth of 35% from 310mn
KCB South Sudan PBT ksh.229mn growth of 128% from 100mn
KCB Burundi PBT ksh.156mn growth of 56% from 100mn
KCB Uganda Loss of Ksh.143mn a decline by 151% from Profit of 283mn
Ericsson
#339 Posted : Thursday, August 15, 2019 10:33:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,737
Location: NAIROBI
KCB is banking on conclusion with the two main shareholders of NBK for transaction to go through.
Imperial bank is acquisition is taking longer, because it has been on receivership for long.KCB estimated the assets at $100M but the assets came down to almost half
FUNKY
#340 Posted : Friday, August 16, 2019 10:25:18 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,562
https://www.businessdail...7388-lvyj8lz/index.html

Not to forget NBK is full of skeletons hope they have done a thorough due diligence on NBK loan book
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