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11 Pages«<891011>
KCB and NBK material announcement
Ericsson
#181 Posted : Tuesday, August 20, 2019 5:23:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
The two counters on the radar of buying their shares
Ericsson
#182 Posted : Thursday, August 22, 2019 12:26:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
NBK shares no trading going on
obiero
#183 Posted : Thursday, August 22, 2019 12:37:33 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Ericsson
#184 Posted : Thursday, August 22, 2019 12:44:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?
obiero
#185 Posted : Saturday, August 24, 2019 6:42:36 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
shocks
#186 Posted : Saturday, August 24, 2019 10:49:33 AM
Rank: Member


Joined: 3/15/2009
Posts: 336
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?
obiero
#187 Posted : Saturday, August 24, 2019 11:15:33 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
shocks wrote:
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?

Madness
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Ericsson
#188 Posted : Saturday, August 24, 2019 11:23:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
shocks wrote:
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?

Plus the drop when share price goes ex dividend.
5% dilution and 5% drop on ex dividend.
whiteowl
#189 Posted : Saturday, August 24, 2019 5:15:41 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,356
Location: Bohemian Grove
obiero wrote:
shocks wrote:
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?

Madness


Herd mentality.
tandich
#190 Posted : Saturday, August 24, 2019 8:50:16 PM
Rank: Member


Joined: 5/6/2008
Posts: 157
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares
obiero
#191 Posted : Saturday, August 24, 2019 8:54:52 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares

NSSF and treasury have stumbled onto a gold mine
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Angelica _ann
#192 Posted : Saturday, August 24, 2019 9:30:04 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,791
obiero wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares

NSSF and treasury have stumbled onto a gold mine


That was some serious dilution for the rest by Treasury and NSSF.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#193 Posted : Saturday, August 24, 2019 10:48:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
Angelica _ann wrote:
obiero wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares

NSSF and treasury have stumbled onto a gold mine


That was some serious dilution for the rest by Treasury and NSSF.

I wonder how else those preference shares would have ever been realized. Minority NBK shareholders should thank their God
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Ericsson
#194 Posted : Sunday, August 25, 2019 5:28:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


Conversion to be done once approval of the acquisition has been achieved.
The shareholding to be used for approval is the one before conversion of preference shares.
Once they achieve the 75% it will be a two step process.
Convert the preference to ordinary then recalculate the shareholding.
Then swap with newly issued kcb shares

The subtotal on the existing number of shares column is what KCB needs for the acquisition to take place
Ericsson
#195 Posted : Monday, August 26, 2019 11:27:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation
obiero
#196 Posted : Monday, August 26, 2019 12:50:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation

Never will happen in a million years.. The bank was just about to dye in a few moments and the only available doctor has arrived at the bedside with recovery medicine!
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
VituVingiSana
#197 Posted : Monday, August 26, 2019 2:01:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation
If this deal dies then CBK should inform the shareholders of NBK that they have 3 months to recapitalize the bank failing which it goes under KDIC. KDIC can than sell the assets to whoever wants them. If anything is left over the shareholders can have it.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#198 Posted : Monday, August 26, 2019 2:11:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation
If this deal dies then CBK should inform the shareholders of NBK that they have 3 months to recapitalize the bank failing which it goes under KDIC. KDIC can than sell the assets to whoever wants them. If anything is left over the shareholders can have it.

4 days remain
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
watesh
#199 Posted : Monday, August 26, 2019 2:17:26 PM
Rank: Member


Joined: 8/10/2014
Posts: 733
Location: Kenya
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation

A small bank run can be triggered and it collapses
obiero
#200 Posted : Monday, August 26, 2019 2:25:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
watesh wrote:
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation

A small bank run can be triggered and it collapses

The fact is that the current events are formalities. The deal is done and dusted
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
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