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7 Pages«<567
Potential merger NIC + CBA
VituVingiSana
#121 Posted : Tuesday, April 16, 2019 6:48:02 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,699
Location: Nairobi
NIC/CBA Merger Deal to be Completed by July
https://kenyanwallstreet...o-be-completed-by-july/

CMA approval of the issue of the NIC Group new shares to the Selling CBA Shareholders: 19th June 2019
Completion of the Merger: 30th June 2019
CMA and NSE approval for the admission to Listing of the NIC Group new shares: 15th July 2019
Date for admission of the new shares for listing: 17th July 2019
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#122 Posted : Wednesday, April 17, 2019 12:10:14 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,591
AGM ongoing...
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Sober
#123 Posted : Wednesday, April 17, 2019 12:11:27 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,591
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
sparkly
#124 Posted : Wednesday, April 17, 2019 7:53:32 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,846
Location: Enk are Nyirobi
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
Life is short. Live passionately.
VituVingiSana
#125 Posted : Wednesday, April 17, 2019 10:20:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,699
Location: Nairobi
sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#126 Posted : Thursday, April 18, 2019 9:44:22 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,935
Location: nairobi
VituVingiSana wrote:
sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.

However cap lifting will boost banks share prices if it will ever happen
"Don't let the fear of losing be greater than the excitement of winning."
VituVingiSana
#127 Posted : Thursday, April 18, 2019 5:21:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,699
Location: Nairobi
mlennyma wrote:
VituVingiSana wrote:
sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.

However cap lifting will boost banks share prices if it will ever happen

Share prices, especially in the short term, are rather capricious hence I prefer focusing on potential performance over the longer-term.
Cap lifting or easing will help but what's key is the fiscal policy.

With the drought in 2019, I expect a lot more fiscal indiscipline especially where food is concerned from maize imports, NCPB, drought assistance, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#128 Posted : Tuesday, April 23, 2019 10:53:11 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,935
Location: nairobi
What's the unpleasant news to warrant 31.50 low?was the 10% rule abolished or books closure is part of material announcement
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#129 Posted : Tuesday, April 23, 2019 11:44:52 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,563
Location: NAIROBI
mlennyma wrote:
What's the unpleasant news to warrant 31.50 low?was the 10% rule abolished or books closure is part of material announcement


NIC invests Sh350m more in Tanzania banking subsidiary
https://www.businessdail...083036-9mrepb/index.html
murchr
#130 Posted : Thursday, May 16, 2019 3:32:34 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,388


"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
.
Conquestador
#131 Posted : Thursday, May 16, 2019 6:13:56 PM
Rank: New-farer


Joined: 8/17/2010
Posts: 83
Location: Nairobi
There is a big hidden story in that notice.

So, Awuondo becomes Kenya chairman and also 'heads' the digital business - mshwari and its spin-offs.
Meaning, Gachora reports to Awuondo in Kenya, and someone from digital business also reports to Awuondo.
Question: is digital business part of to-be-rebranded NIC Group or not?
If yes, its not clear from this notice.
If no, then NIC shareholders have been denied the golden goose.
VituVingiSana
#132 Posted : Thursday, May 16, 2019 9:59:19 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,699
Location: Nairobi
Conquestador wrote:
There is a big hidden story in that notice.

So, Awuondo becomes Kenya chairman and also 'heads' the digital business - mshwari and its spin-offs.
Meaning, Gachora reports to Awuondo in Kenya, and someone from digital business also reports to Awuondo.
Question: is digital business part of to-be-rebranded NIC Group or not?
If yes, its not clear from this notice.
If no, then NIC shareholders have been denied the golden goose.
Is CBA still buying Jamii Bora? Wasn't there a rumor that JB would house the "digital" spin-off of CBA?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#133 Posted : Thursday, May 16, 2019 10:02:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,846
Location: Enk are Nyirobi
Conquestador wrote:
There is a big hidden story in that notice.

So, Awuondo becomes Kenya chairman and also 'heads' the digital business - mshwari and its spin-offs.
Meaning, Gachora reports to Awuondo in Kenya, and someone from digital business also reports to Awuondo.
Question: is digital business part of to-be-rebranded NIC Group or not?
If yes, its not clear from this notice.
If no, then NIC shareholders have been denied the golden goose.


Gachora is the overall boss of the combined entity. Awoundo demoted from regional leadership. Awuondo is 62, Gachora 51. In corporate lingo, Awuodo is being given a soft landing, to be retired from active management very soon.
Life is short. Live passionately.
VituVingiSana
#134 Posted : Friday, May 17, 2019 10:13:08 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,699
Location: Nairobi
sparkly wrote:
Conquestador wrote:
There is a big hidden story in that notice.

So, Awuondo becomes Kenya chairman and also 'heads' the digital business - mshwari and its spin-offs.
Meaning, Gachora reports to Awuondo in Kenya, and someone from digital business also reports to Awuondo.
Question: is digital business part of to-be-rebranded NIC Group or not?
If yes, its not clear from this notice.
If no, then NIC shareholders have been denied the golden goose.

Gachora is the overall boss of the combined entity. Awoundo demoted from regional leadership. Awuondo is 62, Gachora 51. In corporate lingo, Awuodo is being given a soft landing, to be retired from active management very soon.
Not much positive growth happened under Gachora since he became the CEO. In the end, the Ndegwas sold out. What will change?
Or this is a temporary posting until things settle down?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#135 Posted : Friday, May 17, 2019 7:21:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,563
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
Conquestador wrote:
There is a big hidden story in that notice.

So, Awuondo becomes Kenya chairman and also 'heads' the digital business - mshwari and its spin-offs.
Meaning, Gachora reports to Awuondo in Kenya, and someone from digital business also reports to Awuondo.
Question: is digital business part of to-be-rebranded NIC Group or not?
If yes, its not clear from this notice.
If no, then NIC shareholders have been denied the golden goose.

Gachora is the overall boss of the combined entity. Awoundo demoted from regional leadership. Awuondo is 62, Gachora 51. In corporate lingo, Awuodo is being given a soft landing, to be retired from active management very soon.
Not much positive growth happened under Gachora since he became the CEO. In the end, the Ndegwas sold out. What will change?
Or this is a temporary posting until things settle down?


Positive growth didn't occur because of the two boys.
The business segment that NIC targets has been heavily affected by the economic decisions of the two.
VituVingiSana
#136 Posted : Friday, May 17, 2019 7:47:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,699
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
sparkly wrote:
Conquestador wrote:
There is a big hidden story in that notice.

So, Awuondo becomes Kenya chairman and also 'heads' the digital business - mshwari and its spin-offs.
Meaning, Gachora reports to Awuondo in Kenya, and someone from digital business also reports to Awuondo.
Question: is digital business part of to-be-rebranded NIC Group or not?
If yes, its not clear from this notice.
If no, then NIC shareholders have been denied the golden goose.

Gachora is the overall boss of the combined entity. Awoundo demoted from regional leadership. Awuondo is 62, Gachora 51. In corporate lingo, Awuodo is being given a soft landing, to be retired from active management very soon.
Not much positive growth happened under Gachora since he became the CEO. In the end, the Ndegwas sold out. What will change?
Or this is a temporary posting until things settle down?

Positive growth didn't occur because of the two boys.
The business segment that NIC targets has been heavily affected by the economic decisions of the two.
Prime, I&M, DTB play in a similar league and have seen growth (vs NIC) since Gachora became the CEO.
The info for listed I&M and DTB - which have grown their balance sheet and profits - is available.
I think I&M and DTB makes 2x PAT compared to NIC and yet just a few years ago they had similar PAT.

When did Gachora join?
I think DTB has had a small Rights Issues since 2010.
I don't think I&M has had any Rights Issues since it listed.
NIC has had Rights Issues.

As a shareholder in NIC, I think the performance of the bank has lagged. I hope the merger gives renewed impetus to growth.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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