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KCB 2018 and Beyond
aemathenge
#61 Posted : Thursday, October 04, 2018 11:30:43 AM
Rank: Elder


Joined: 10/18/2008
Posts: 2,964
Location: Kerugoya
mlennyma wrote:
aemathenge wrote:
mlennyma wrote:
What does kcb see in imperial bank which it has failed to do with it's own structures in the same business environment?I don't support the approval,they wanted chasebank,they wanted nbk is everything good for them?

You look at this issue from the wrong perspective.

The question should be:

Why would a banking client patronize Imperial Bank, Chasebank, National Bank of Kenya et al and not KCB?

There is a relationship, a system, a feature, a need that such patrons are looking for and finding in these institutions. That is what KCB is venturing out to capture.

Just a thought. Just a thought.

The management will be kcb,do you think a new management will run it,the loopholes in management is what killed them


There you go again.

You fail to take cognizance of the fact that there is a client out there prepared to put, nay, trust his/her/its money there rather than any other bank.
obiero
#62 Posted : Thursday, October 04, 2018 1:18:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
aemathenge wrote:
mlennyma wrote:
aemathenge wrote:
mlennyma wrote:
What does kcb see in imperial bank which it has failed to do with it's own structures in the same business environment?I don't support the approval,they wanted chasebank,they wanted nbk is everything good for them?

You look at this issue from the wrong perspective.

The question should be:

Why would a banking client patronize Imperial Bank, Chasebank, National Bank of Kenya et al and not KCB?

There is a relationship, a system, a feature, a need that such patrons are looking for and finding in these institutions. That is what KCB is venturing out to capture.

Just a thought. Just a thought.

The management will be kcb,do you think a new management will run it,the loopholes in management is what killed them


There you go again.

You fail to take cognizance of the fact that there is a client out there prepared to put, nay, trust his/her/its money there rather than any other bank.

The bottom line is that these former 53k odd Imperial Bank clients bring in KES 58B of good deposits to KCB and they have been scared shitless from past happenings with the small bank so it's likely to be a sticky deposit base for KCB. Let's not split hairs to understand this
COOP 5,500; KCB 2,500; KQ 95,000
Wakanyugi
#63 Posted : Thursday, October 04, 2018 3:54:59 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,493
obiero wrote:
aemathenge wrote:
mlennyma wrote:
aemathenge wrote:
mlennyma wrote:
What does kcb see in imperial bank which it has failed to do with it's own structures in the same business environment?I don't support the approval,they wanted chasebank,they wanted nbk is everything good for them?

You look at this issue from the wrong perspective.

The question should be:

Why would a banking client patronize Imperial Bank, Chasebank, National Bank of Kenya et al and not KCB?

There is a relationship, a system, a feature, a need that such patrons are looking for and finding in these institutions. That is what KCB is venturing out to capture.

Just a thought. Just a thought.

The management will be kcb,do you think a new management will run it,the loopholes in management is what killed them


There you go again.

You fail to take cognizance of the fact that there is a client out there prepared to put, nay, trust his/her/its money there rather than any other bank.

The bottom line is that these former 53k odd Imperial Bank clients bring in KES 58B of good deposits to KCB and they have been scared shitless from past happenings with the small bank so it's likely to be a sticky deposit base for KCB. Let's not split hairs to understand this


Oigara is not dumb.

Imperial and Chase offer KCB an opportunity to expand its upmarket and Corporate banking footprint. In an era of depressed interest rates, inter-mediation banking is where the real money will likely be.

Rescuing NBK earns KCB some serious Government Bonga points, that can never hurt. Plus they are rescuing a bank that, in addition to having a call on inexhaustible Government money, can not possibly be allowed to fail. In fact I am surprised that JM, with his deep pockets, is not playing in this game.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
VituVingiSana
#64 Posted : Thursday, October 04, 2018 8:09:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
aemathenge wrote:
mlennyma wrote:
What does kcb see in imperial bank which it has failed to do with it's own structures in the same business environment?I don't support the approval,they wanted chasebank,they wanted nbk is everything good for them?

You look at this issue from the wrong perspective.

The question should be:

Why would a banking client patronize Imperial Bank, Chasebank, National Bank of Kenya et al and not KCB?

There is a relationship, a system, a feature, a need that such patrons are looking for and finding in these institutions. That is what KCB is venturing out to capture.

Just a thought. Just a thought.
Haven't the relationships, systems, features and goodwill all but disappeared?
Even the (innocent) staff have probably moved on given it has been 2+ years.
A quick sale may have salvaged some of the relationships the staff had with customers.

Good luck to all the parties.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#65 Posted : Wednesday, October 17, 2018 10:23:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,670
Location: NAIROBI
https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).
lochaz-index
#66 Posted : Wednesday, October 17, 2018 11:44:21 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 901
Ericsson wrote:
https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

Huge exposure! If this is not a one-off scenario then kcb is playing a dangerous game.
The main purpose of the stock market is to make fools of as many people as possible.
Angelica _ann
#67 Posted : Wednesday, October 17, 2018 11:50:03 AM
Rank: Elder


Joined: 12/7/2012
Posts: 9,529
lochaz-index wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

Huge exposure! If this is not a one-off scenario then kcb is playing a dangerous game.


The figures i didnt get is that the hotel is valued at 300m yet the loan is 1.2b ..... does it mean the loan is more than the charge or it is supported by other properties.

Kenya financials seem to be handing alot, if you look at this and connect with the Amanya gambling story.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mlennyma
#68 Posted : Wednesday, October 17, 2018 11:59:33 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,864
Location: nairobi
Ericsson wrote:
https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

During moi era kcb almost died,i see a repeat if the second occupies the top slot
"Don't let the fear of losing be greater than the excitement of winning."
VituVingiSana
#69 Posted : Wednesday, October 17, 2018 6:43:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
mlennyma wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

During moi era kcb almost died,i see a repeat if the second occupies the top slot
Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about?
https://kenyainsights.co...involvement-in-the-saga/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#70 Posted : Friday, October 19, 2018 3:56:52 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,266
Location: Nairobi
mlennyma wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

During moi era kcb almost died,i see a repeat if the second occupies the top slot


I think market dynamics then were different.
I own shares in KCB,CYTONN, BRK.B and a few other unlisted companies
Horton
#71 Posted : Wednesday, November 07, 2018 6:41:52 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,266
Location: Nairobi
Anyone know when Q3 will be announced?
I own shares in KCB,CYTONN, BRK.B and a few other unlisted companies
obiero
#72 Posted : Wednesday, November 07, 2018 6:47:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Horton wrote:
Anyone know when Q3 will be announced?

T+1
COOP 5,500; KCB 2,500; KQ 95,000
Ericsson
#73 Posted : Wednesday, November 07, 2018 7:33:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,670
Location: NAIROBI
obiero wrote:
Horton wrote:
Anyone know when Q3 will be announced?

T+1

That is tomorrow
jmbada
#74 Posted : Wednesday, November 07, 2018 7:56:57 PM
Rank: Member


Joined: 1/1/2011
Posts: 221
VituVingiSana wrote:
mlennyma wrote:
[quote=Ericsson]https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

During moi era kcb almost died,i see a repeat if the second occupies the top slot
Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about?
https://kenyainsights.co...nvolvement-in-the-saga/[/quote]
Horribly-titled article. KCB is not panicking about money laundry. They are seeking to protect their security interest in a loan advanced to Weston.
jmbada
#75 Posted : Wednesday, November 07, 2018 8:00:25 PM
Rank: Member


Joined: 1/1/2011
Posts: 221
VituVingiSana wrote:
mlennyma wrote:
[quote=Ericsson]https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

During moi era kcb almost died,i see a repeat if the second occupies the top slot
Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about?
https://kenyainsights.co...nvolvement-in-the-saga/[/quote]
Horribly-titled article. KCB is not panicking about money laundry. They are seeking to protect their security interest in a loan advanced to Weston.
jmbada
#76 Posted : Wednesday, November 07, 2018 8:07:14 PM
Rank: Member


Joined: 1/1/2011
Posts: 221
VituVingiSana wrote:
mlennyma wrote:
[quote=Ericsson]https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land

The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).

During moi era kcb almost died,i see a repeat if the second occupies the top slot
Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about?
https://kenyainsights.co...nvolvement-in-the-saga/[/quote]
Poorly-titled article. KCB is simply seeking to protect the sexurity against which they advanved a loan in good faith. There is no indication of money laundering.
mwekez@ji
#77 Posted : Wednesday, November 07, 2018 9:18:26 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,049
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)
Ericsson
#78 Posted : Thursday, November 08, 2018 12:29:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,670
Location: NAIROBI
mwekez@ji wrote:
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)


Nothing good to look into;
The market is on a bear run so the results will have no impact on share price.
There will be no announcement of a dividend.
Horton
#79 Posted : Thursday, November 08, 2018 1:41:07 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,266
Location: Nairobi
Ericsson wrote:
mwekez@ji wrote:
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)


Nothing good to look into;
The market is on a bear run so the results will have no impact on share price.
There will be no announcement of a dividend.



That’s ok just curious.

Still buying these so don’t really want any price changing announcement.
I own shares in KCB,CYTONN, BRK.B and a few other unlisted companies
Ebenyo
#80 Posted : Thursday, November 08, 2018 1:52:52 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,368
Location: Kitale
Horton wrote:
Ericsson wrote:
mwekez@ji wrote:
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)


Nothing good to look into;
The market is on a bear run so the results will have no impact on share price.
There will be no announcement of a dividend.



That’s ok just curious.

Still buying these so don’t really want any price changing announcement.


whats your current ABP?
Towards the goal of financial freedom
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