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Factors Ailing the KCB Stock at the NSE
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the deal
#1 Posted : Sunday, October 16, 2011 10:41:53 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
One can hardly believe that the Kenya Commercial Bank (KCB) stock was the top performer at the Nairobi Stock Exchange (NSE) during the 1Q of 2011, ever since hitting a 52 Week high of Sh27 early this year the stock has been on a downward spiral recently setting a 52 Week low of Sh14.80, as i write the stock is currently being quoted at the NSE at Sh14.90, it's one 1 Year return stands at -31% making it one of the worst performing banking stocks at the NSE after National Bank of Kenya which has returned -43% over 1 Year.

So what has gone wrong for the once darling stock of foreign investors at the NSE?

Read more here http://www.contrarianinv...stock-at-the-nse.htmlsmile
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mlennyma
#2 Posted : Monday, October 17, 2011 8:46:28 AM
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Joined: 7/21/2010
Posts: 6,192
Location: nairobi
I sometimes in april cried for this stock to drop to 21 for me to get in but now it appears like a dream.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#3 Posted : Monday, October 17, 2011 9:12:17 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
I sometimes in april cried for this stock to drop to 21 for me to get in but now it appears like a dream.

Bad news sells so i'm buying more today Laughing out loudly Laughing out loudly cheers @deal smile
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mlennyma
#4 Posted : Monday, October 17, 2011 9:21:56 AM
Rank: Elder


Joined: 7/21/2010
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Location: nairobi
Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30
"Don't let the fear of losing be greater than the excitement of winning."
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Kihangeri
#5 Posted : Monday, October 17, 2011 9:26:43 AM
Rank: User


Joined: 11/10/2010
Posts: 550
Location: Junction
the deal wrote:
One can hardly believe that the Kenya Commercial Bank (KCB) stock was the top performer at the Nairobi Stock Exchange (NSE) during the 1Q of 2011, ever since hitting a 52 Week high of Sh27 early this year the stock has been on a downward spiral recently setting a 52 Week low of Sh14.80, as i write the stock is currently being quoted at the NSE at Sh14.90, it's one 1 Year return stands at -31% making it one of the worst performing banking stocks at the NSE after National Bank of Kenya which has returned -43% over 1 Year.

So what has gone wrong for the once darling stock of foreign investors at the NSE?

Read more here http://www.contrarianinv...stock-at-the-nse.htmlsmile


Problem with KCB is management. How can Equity with 171b make more profits than KCB which has 288b? It means KCB management have an IQ below 70%
By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...
Gaitho dialogues.
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Cde Monomotapa
#6 Posted : Monday, October 17, 2011 9:28:14 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30

Yap. The best I got in 09 was at 16 flat with a combo of the Devani scandal (of which we've auctioned his stuff already Laughing out loudly Laughing out loudly)
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Cde Monomotapa
#7 Posted : Monday, October 17, 2011 9:31:05 AM
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Joined: 1/13/2011
Posts: 5,964
Btw, KCB Group has filled up the Snr. Exec slots. Of note is the Marketing Director. A Ms. Angela Mwirigi formely of EABL. Article is on BD.
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Sufficiently Philanga....thropic
#8 Posted : Monday, October 17, 2011 10:27:38 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
mlennyma wrote:
Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30

Also factor in dilution of the share due to last year's rights issue by about 33.9%. There was also some bit of selling by the guys who were shown the door!
11 might easily print!
This is where i would come in!
@SufficientlyP
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Jamani
#9 Posted : Monday, October 17, 2011 10:35:08 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554

[/quote]
Problem with KCB is management. How can Equity with 171b make more profits than KCB which has 288b? It means KCB management have an IQ below 70%
[/quote]

Ouch!! "It means KCB management have an IQ below 70%"
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mlennyma
#10 Posted : Monday, October 17, 2011 10:51:26 AM
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Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Kcb is just imitating the barclays share which is now gaining. instead of much talk get busy buying it and never say the elders never guided you.
"Don't let the fear of losing be greater than the excitement of winning."
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youcan'tstopusnow
#11 Posted : Monday, October 17, 2011 10:55:39 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sufficiently Philanga....thropic wrote:
mlennyma wrote:
Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30

Also factor in dilution of the share due to last year's rights issue by about 33.9%. There was also some bit of selling by the guys who were shown the door!
11 might easily print!
This is where i would come in!

Haha. He sold to buy Family Bank at 24?
GOD BLESS YOUR LIFE
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ngapat
#12 Posted : Monday, October 17, 2011 11:14:17 AM
Rank: Veteran


Joined: 12/11/2006
Posts: 900
Bought more at 15.5 hoping it wont dip further. My average is now @19.80. I should have bought land instead
“Invest in yourself. Your career is the engine of your wealth.”
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Jamani
#13 Posted : Monday, October 17, 2011 11:16:38 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
mlennyma wrote:
Kcb is just imitating the barclays share which is now gaining. instead of much talk get busy buying it and never say the elders never guided you.


I wasnt against the elders guidance,... i just felt pain of the words or rather the statement of opinion about KCB managers' IQ..... it remains an opinion, as we get busy bu.......
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QW25081985
#14 Posted : Monday, October 17, 2011 11:22:36 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
mlennyma wrote:
Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30


i hope you arent comparing crownberger to kcb ...!!!
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Aguytrying
#15 Posted : Monday, October 17, 2011 11:40:40 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Good deals rarely come, i think this is one.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#16 Posted : Monday, October 17, 2011 12:34:00 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Quencherd my thirst @14.7 smile true Contrarian thinking will inform u to buy cheap into a Co.headed for efficiency (KCB) than one that's already at peak performance (EBL)
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the deal
#17 Posted : Monday, October 17, 2011 1:00:25 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Just showing you Cde monomotapa that you have a few things to learn in this game...your game is far from the topsmile ...uhmm KengenLaughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

After doing my well calculated research i will be in the market for KCB shares to sell at 17bob..purely speculating on this one...
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Cde Monomotapa
#18 Posted : Monday, October 17, 2011 1:04:20 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Just showing you Cde monomotapa that you have a few things to learn in this game...your game is far from the topsmile ...uhmm KengenLaughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

After doing my well calculated research i will be in the market for KCB shares to sell at 17bob..purely speculating on this one...

Laughing out loudly Laughing out loudly one day when U get past day to day survival U will find sense in how I conduct my affairs.
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selah
#19 Posted : Monday, October 17, 2011 1:15:26 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I think the biggest challenge KCB is facing right now is the liquidity crunch in h1 result it had a liquidity ratio of 20.7 against a minimum statutory ratio of 20% They borrowed some funds to increase its liquidity but am sure its feeling the heat from inflation the rising CBR and risk of defaulting from its SME segment not forgetting its mortgage segment.

The bank has invested a huge sum in Gsec which must be hurting from increased rates.

All in all apart from FX this bank is definitely going to announce flat or negligible growth in h2
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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mkonomtupu
#20 Posted : Monday, October 17, 2011 2:14:47 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
Poor KCB and what if the Banking(Amendment)bill, 2011 passes through parliament.

"The Bill proposes to insert new sections 16B and 16C in the Banking Act. The proposed new section 16B prohibits banks and financial institutions from charging interest at a rate exceeding four percent of the rate set by the Monetary Policy Committee.
The proposed new section 16C requires banks and financial institutions to pay interest on deposits at a rate of at least seventy percent of the base rate set by the Monetary Policy Committee."
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