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NSE Plc FY 2019
Superprime1
#1 Posted : Monday, December 16, 2019 11:02:07 AM
Rank: Member


Joined: 5/2/2018
Posts: 264
NSE Plc issued a profit warning late Friday 13th Dec, declaring that after-tax profit will fall by at least 25% for the FY ending 31st Dec 2019.

The self-listed bourse said 2019 performance was adversely affected by a challenging economic environment and reduced inflow of capital from global frontier market investors who are key participants in the Kenyan market.
jmbada
#2 Posted : Saturday, December 21, 2019 4:25:53 PM
Rank: Member


Joined: 1/1/2011
Posts: 393
Superprime1 wrote:
NSE Plc issued a profit warning late Friday 13th Dec, declaring that after-tax profit will fall by at least 25% for the FY ending 31st Dec 2019.

The self-listed bourse said 2019 performance was adversely affected by a challenging economic environment and reduced inflow of capital from global frontier market investors who are key participants in the Kenyan market.

Allowing for stick shorting would have surfaced issues ALOT faster and kept CEOs alot more honest.
littledove
#3 Posted : Monday, June 29, 2020 9:20:06 AM
Rank: Member


Joined: 7/1/2014
Posts: 786
Location: sky
https://www.theeastafrican.co.ke/business/Battered-brokers-offload-stake-in-Nairobi-bourse-shareholding/2560-5584332-8153bdz/index.html
The self-listed Nairobi Securities Exchange (NSE) is battling a crisis of confidence over the continuous decline in stock prices, which has seen close to a half of the stockbrokerage firms that held shares in the Kenyan bourse sell their stake over falling returns and uncertainties over the market’s recovery prospects.
..................
The stockbrokers who have given up ownership of the exchange include Faida Investment Bank, African Alliance Investment Bank Kenya Ltd, Suntra Investment Bank, Francis Thuo & Partners Ltd, Kestrel Capital Ltd, Ngenye Kariuki and Company Ltd, SGB securities and Shah Munge & Partners Ltd , according to NSE’s latest annual report.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#4 Posted : Monday, June 29, 2020 9:41:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
littledove wrote:
https://www.theeastafrican.co.ke/business/Battered-brokers-offload-stake-in-Nairobi-bourse-shareholding/2560-5584332-8153bdz/index.html
The self-listed Nairobi Securities Exchange (NSE) is battling a crisis of confidence over the continuous decline in stock prices, which has seen close to a half of the stockbrokerage firms that held shares in the Kenyan bourse sell their stake over falling returns and uncertainties over the market’s recovery prospects.
..................
The stockbrokers who have given up ownership of the exchange include Faida Investment Bank, African Alliance Investment Bank Kenya Ltd, Suntra Investment Bank, Francis Thuo & Partners Ltd, Kestrel Capital Ltd, Ngenye Kariuki and Company Ltd, SGB securities and Shah Munge & Partners Ltd , according to NSE’s latest annual report.


Who has taken up the stakes as the stockbrokers give up ownership
Ericsson
#5 Posted : Monday, June 29, 2020 12:05:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members
watesh
#6 Posted : Monday, June 29, 2020 1:40:18 PM
Rank: Member


Joined: 8/10/2014
Posts: 824
Location: Kenya
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy
mulla
#7 Posted : Monday, June 29, 2020 2:01:13 PM
Rank: Member


Joined: 6/15/2013
Posts: 289
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....
McGill
#8 Posted : Monday, June 29, 2020 4:46:58 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 26
mulla wrote:
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....


Am just shocked.
Angelica _ann
#9 Posted : Monday, June 29, 2020 4:58:44 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,593
McGill wrote:
mulla wrote:
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....


Am just shocked.


Why, this board are among the lowest paid at NSE.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Extraterrestrial
#10 Posted : Monday, June 29, 2020 5:02:45 PM
Rank: Member


Joined: 11/17/2018
Posts: 145
Location: Mars
Angelica _ann wrote:
McGill wrote:
mulla wrote:
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....


Am just shocked.


Why, this board are among the lowest paid at NSE.


You mean the NSE Board is one of the lowest paid at the NSE...
watesh
#11 Posted : Monday, June 29, 2020 8:16:15 PM
Rank: Member


Joined: 8/10/2014
Posts: 824
Location: Kenya
Angelica _ann wrote:
McGill wrote:
mulla wrote:
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....


Am just shocked.


Why, this board are among the lowest paid at NSE.

They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out.
obiero
#12 Posted : Monday, June 29, 2020 10:43:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,745
Location: nairobi
watesh wrote:
Angelica _ann wrote:
McGill wrote:
mulla wrote:
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....


Am just shocked.


Why, this board are among the lowest paid at NSE.

They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out.

They have actually overseen more delistings than the reverse
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Angelica _ann
#13 Posted : Monday, June 29, 2020 10:47:30 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,593
obiero wrote:
watesh wrote:
Angelica _ann wrote:
McGill wrote:
mulla wrote:
watesh wrote:
Ericsson wrote:
At the Board of Directors meeting held in May 2019,
changes were approved to the Directors remuneration
as follows:
· To increase the annual retainer fees for the Chair,
Vice Chairman and other Directors from a per annum
gross of Sh 714,286, Sh 571,429 and Sh 428,571
respectively to a per annum gross of Sh 1.2 million,
Sh 960,000 and Sh 720,000 respectively.
· To fix the Board Committee sitting allowances from
a gross of Sh 28,571 per sitting for each member to
a gross of Sh 57,142 for the Committee Chair and Sh
42,857 for Committee members


Ever declining revenues, almost zero new good listings, delistings every year and still choose to increase their fixed costs....future still looks gloomy

madness....


Am just shocked.


Why, this board are among the lowest paid at NSE.

They dont deserve an increase. The NSE has barely expanded in terms of listings over so many years. We are all piling into the same few companies year in year out.

They have actually overseen more delistings than the reverse


So they need to be motivated to think Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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