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68 Pages«<65666768>
KCB buy buy buy
Ericsson
#1321 Posted : Sunday, January 24, 2021 8:40:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
VituVingiSana wrote:
Extraterrestrial wrote:
NSSF is always a bullish signal. Inside information is a must I venture.
Really?
NSSF owned NBK too! Laughing out loudly

Unataka they buy which counter?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#1322 Posted : Sunday, January 24, 2021 9:00:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,397
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Extraterrestrial wrote:
NSSF is always a bullish signal. Inside information is a must I venture.
Really?
NSSF owned NBK too! Laughing out loudly

Unataka they buy which counter?
I was questioning the "NSSF is always a bullish signal" rather than the pick Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1323 Posted : Monday, January 25, 2021 1:33:20 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Extraterrestrial wrote:
NSSF is always a bullish signal. Inside information is a must I venture.
Really?
NSSF owned NBK too! Laughing out loudly

Unataka they buy which counter?
I was questioning the "NSSF is always a bullish signal" rather than the pick Laughing out loudly Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1324 Posted : Wednesday, January 27, 2021 6:48:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
KCB group hasn't issued a profit warning.
It seems they had a good Q4 2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
FUNKY
#1325 Posted : Wednesday, January 27, 2021 7:57:41 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,634
Ericsson wrote:
KCB group hasn't issued a profit warning.
It seems they had a good Q4 2020.

If I am not wrong they had already issued the profit warning earlier
Ericsson
#1326 Posted : Wednesday, January 27, 2021 8:04:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
FUNKY wrote:
Ericsson wrote:
KCB group hasn't issued a profit warning.
It seems they had a good Q4 2020.

If I am not wrong they had already issued the profit warning earlier


Post the link here.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1327 Posted : Thursday, January 28, 2021 6:11:30 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,914
Location: Kitale
FUNKY wrote:
Ericsson wrote:
KCB group hasn't issued a profit warning.
It seems they had a good Q4 2020.

If I am not wrong they had already issued the profit warning earlier



No.They have not yet issued a profit warning.
Towards the goal of financial freedom
mlennyma
#1328 Posted : Thursday, January 28, 2021 9:47:17 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,070
Location: nairobi
https://kenyanwallstreet...ts-declining-by-over-25/
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#1329 Posted : Thursday, January 28, 2021 9:48:39 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,070
Location: nairobi
mlennyma wrote:
https://kenyanwallstreet.com/kcb-sees-full-year-profits-declining-by-over-25/

they may assume they issued one unprocedural warning
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#1330 Posted : Thursday, January 28, 2021 10:02:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
mlennyma wrote:
mlennyma wrote:
https://kenyanwallstreet.com/kcb-sees-full-year-profits-declining-by-over-25/

they may assume they issued one unprocedural warning


That's not a profit warning.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1331 Posted : Monday, February 01, 2021 12:56:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
https://www.businessdail...ks-in-tz-rwanda-3275184

KCB Group has made a formal application to the regional competition watchdog to be cleared for the Sh4.4 billion ($40 million) deal in which it is seeking to acquire two banks in Tanzania and Rwanda.

Comesa Competition Commission said in a notice dated last week Monday that it had started collecting views from interested parties including competitors, suppliers and customers over the two deals.
KCB in late November last year announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC).

The lender, which already has presence in the two markets, signed a share purchase agreement with London-based Atlas Mara Limited and gave itself a six-month timeline to complete the deal.

The transaction will be settled in cash with $32 million being incurred on BPR and $8 million on BancABC.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1332 Posted : Monday, February 01, 2021 11:25:32 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,914
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kcb-seeks-approval-to-buy-two-banks-in-tz-rwanda-3275184

KCB Group has made a formal application to the regional competition watchdog to be cleared for the Sh4.4 billion ($40 million) deal in which it is seeking to acquire two banks in Tanzania and Rwanda.

Comesa Competition Commission said in a notice dated last week Monday that it had started collecting views from interested parties including competitors, suppliers and customers over the two deals.
KCB in late November last year announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC).

The lender, which already has presence in the two markets, signed a share purchase agreement with London-based Atlas Mara Limited and gave itself a six-month timeline to complete the deal.

The transaction will be settled in cash with $32 million being incurred on BPR and $8 million on BancABC.



The process looks like it will take long to conclude
Towards the goal of financial freedom
Ericsson
#1333 Posted : Tuesday, February 02, 2021 6:25:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kcb-seeks-approval-to-buy-two-banks-in-tz-rwanda-3275184

KCB Group has made a formal application to the regional competition watchdog to be cleared for the Sh4.4 billion ($40 million) deal in which it is seeking to acquire two banks in Tanzania and Rwanda.

Comesa Competition Commission said in a notice dated last week Monday that it had started collecting views from interested parties including competitors, suppliers and customers over the two deals.
KCB in late November last year announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC).

The lender, which already has presence in the two markets, signed a share purchase agreement with London-based Atlas Mara Limited and gave itself a six-month timeline to complete the deal.

The transaction will be settled in cash with $32 million being incurred on BPR and $8 million on BancABC.



The process looks like it will take long to conclude


We are in the third month,by end of May they should be done.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1334 Posted : Thursday, February 11, 2021 1:17:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
https://www.businessdail...n-property-sale-3286860

The head of Cement maker East African Portland Cement Company (EAPCC), Stephen Nthei, has defied a regulatory notice from the board announcing his ouster amid a directors’ fallout over the sale of land parcels worth Sh10 billion.
His replacement by Mr Kiprono, head of internal audit at EAPCC, comes in wake of differences on the board over the sale 2,000 acres of prime but idle land in Mavoko, Machakos County.

Sources close to EAPCC’s board reckon Mr Nthei favoured the sale of the land done in partnership with KCB Group, which the cement maker owes Sh6.2 billion.

But a section of directors are fronting for a Chinese investor and a Somalia national to acquire the land for Sh8 billion, triggering the boardroom fallout.

Good move in them reducing their stock of non-performing/defaulted loans
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1335 Posted : Saturday, February 13, 2021 1:39:17 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,914
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/portland-boss-fights-fallout-over-sh10bn-property-sale-3286860

The head of Cement maker East African Portland Cement Company (EAPCC), Stephen Nthei, has defied a regulatory notice from the board announcing his ouster amid a directors’ fallout over the sale of land parcels worth Sh10 billion.
His replacement by Mr Kiprono, head of internal audit at EAPCC, comes in wake of differences on the board over the sale 2,000 acres of prime but idle land in Mavoko, Machakos County.

Sources close to EAPCC’s board reckon Mr Nthei favoured the sale of the land done in partnership with KCB Group, which the cement maker owes Sh6.2 billion.

But a section of directors are fronting for a Chinese investor and a Somalia national to acquire the land for Sh8 billion, triggering the boardroom fallout.

Good move in them reducing their stock of non-performing/defaulted loans




They are very much aggressive on that front.The challenge will be to sustain it post Oigara period.
Towards the goal of financial freedom
Ericsson
#1336 Posted : Saturday, February 13, 2021 8:30:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/portland-boss-fights-fallout-over-sh10bn-property-sale-3286860

The head of Cement maker East African Portland Cement Company (EAPCC), Stephen Nthei, has defied a regulatory notice from the board announcing his ouster amid a directors’ fallout over the sale of land parcels worth Sh10 billion.
His replacement by Mr Kiprono, head of internal audit at EAPCC, comes in wake of differences on the board over the sale 2,000 acres of prime but idle land in Mavoko, Machakos County.

Sources close to EAPCC’s board reckon Mr Nthei favoured the sale of the land done in partnership with KCB Group, which the cement maker owes Sh6.2 billion.

But a section of directors are fronting for a Chinese investor and a Somalia national to acquire the land for Sh8 billion, triggering the boardroom fallout.

Good move in them reducing their stock of non-performing/defaulted loans




They are very much aggressive on that front.The challenge will be to sustain it post Oigara period.

Succession planning KCB are good at it so no worries.
Check the history from Gareth George,Terry Davidson,Martin Oduor Otieno,Joshua Oigara.
The ones you should worry is Co-operative and Equity
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#1337 Posted : Saturday, February 13, 2021 11:41:49 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,819
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/portland-boss-fights-fallout-over-sh10bn-property-sale-3286860

The head of Cement maker East African Portland Cement Company (EAPCC), Stephen Nthei, has defied a regulatory notice from the board announcing his ouster amid a directors’ fallout over the sale of land parcels worth Sh10 billion.
His replacement by Mr Kiprono, head of internal audit at EAPCC, comes in wake of differences on the board over the sale 2,000 acres of prime but idle land in Mavoko, Machakos County.

Sources close to EAPCC’s board reckon Mr Nthei favoured the sale of the land done in partnership with KCB Group, which the cement maker owes Sh6.2 billion.

But a section of directors are fronting for a Chinese investor and a Somalia national to acquire the land for Sh8 billion, triggering the boardroom fallout.

Good move in them reducing their stock of non-performing/defaulted loans




They are very much aggressive on that front.The challenge will be to sustain it post Oigara period.

Succession planning KCB are good at it so no worries.
Check the history from Gareth George,Terry Davidson,Martin Oduor Otieno,Joshua Oigara.
The ones you should worry is Co-operative and Equity



Giddy at Coop is more of a concern than Mwangi, ni hayo tu smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Queen
#1338 Posted : Sunday, February 14, 2021 12:24:36 PM
Rank: Member


Joined: 11/21/2018
Posts: 442
Location: Britain
Angelica _ann wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/portland-boss-fights-fallout-over-sh10bn-property-sale-3286860

The head of Cement maker East African Portland Cement Company (EAPCC), Stephen Nthei, has defied a regulatory notice from the board announcing his ouster amid a directors’ fallout over the sale of land parcels worth Sh10 billion.
His replacement by Mr Kiprono, head of internal audit at EAPCC, comes in wake of differences on the board over the sale 2,000 acres of prime but idle land in Mavoko, Machakos County.

Sources close to EAPCC’s board reckon Mr Nthei favoured the sale of the land done in partnership with KCB Group, which the cement maker owes Sh6.2 billion.

But a section of directors are fronting for a Chinese investor and a Somalia national to acquire the land for Sh8 billion, triggering the boardroom fallout.

Good move in them reducing their stock of non-performing/defaulted loans




They are very much aggressive on that front.The challenge will be to sustain it post Oigara period.

Succession planning KCB are good at it so no worries.
Check the history from Gareth George,Terry Davidson,Martin Oduor Otieno,Joshua Oigara.
The ones you should worry is Co-operative and Equity



Giddy at Coop is more of a concern than Mwangi, ni hayo tu smile


Equity is Mwangi and Mwangi is Equity. Ni hayo tu.
Ericsson
#1339 Posted : Friday, February 19, 2021 11:48:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,381
Location: NAIROBI
KCB pre-tax profit for FY2020 is ksh.27.5bn minimum.
Q4 must have been good for them.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1340 Posted : Friday, February 19, 2021 1:33:11 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,914
Location: Kitale
Ericsson wrote:
KCB pre-tax profit for FY2020 is ksh.27.5bn minimum.
Q4 must have been good for them.




Link?
Towards the goal of financial freedom
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