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KCB Q3 Pre Tax Profit up 43%
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mazingira
#41 Posted : Saturday, October 27, 2012 2:01:58 PM
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Joined: 10/26/2012
Posts: 136
In all truth if the books are uncooked ...then KCB has the right to be worth a lot more , i fear serious defaults across the board and bad loans ... i hope not but the fundamentals of the economy are shaky...I just hope KCB hits 40
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murchr
#42 Posted : Saturday, October 27, 2012 8:43:41 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
mazingira wrote:
In all truth if the books are uncooked ...then KCB has the right to be worth a lot more , i fear serious defaults across the board and bad loans ... i hope not but the fundamentals of the economy are shaky...I just hope KCB hits 40


??? What do u knw?
"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
.
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mazingira
#43 Posted : Sunday, October 28, 2012 1:12:28 AM
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Joined: 10/26/2012
Posts: 136
Not saying i know anything in particular... looking at Kenya from the outset though lots is wrong with our economy . 1. were a net importer i.e negative balance of payments which means were dependent on goods from outside our borders. 2. Too much red tape and harassment is hindering ease of business. 3. All backbone sectors of our economy are hurting from huge intrests , painful wage bills , silly electric bills how will businesses survive ? In the west banks offer loans at rates of as low as 4 % PA in Kenya we pay 20 + %. How many businesses can pay banks 20% PA + 30% Tax + 16% VAT + Overheads...and then give its sharholders a profit... people have borrowed super amounts from banks against property for building and oversupply in the real estate market is around the corner. Car dealers cannot sell cars, coast hotels are empty because of low tourist numbers layoffs in companies needing to cut to stay alive example KQ and KK ...once a domino effect starts what do you think will happen. who will pay off the loans ...who will buy all the assets held in receivership ??? Hope this scenario never happens in Kenya but its a possibility...controls needed are ,drops in interest ra
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guru267
#44 Posted : Sunday, October 28, 2012 1:41:55 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mazingira wrote:
In the west banks offer loans at rates of as low as 4 % PA in Kenya we pay 20 + %


In all fairness to Kenyan Banks the high interest regime has been orchestrated by the CBK!!

Western banks can lend at 4% because their central banks lend to them at 0-1% while we are all aware in Kenya the CBR is 13%. so why can't Kenyan banks lend @ 19%??

Mark 12:29
Deuteronomy 4:16
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mazingira
#45 Posted : Sunday, October 28, 2012 1:58:08 AM
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Posts: 136
The CBK needs to reduce rates in order to cushion banks from inevitable defaults at the current rates and inflation will have to be controlled by fiscal rather than monetary measures
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Impunity
#46 Posted : Sunday, October 28, 2012 10:29:49 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
guru267 wrote:
ROOOOAAAAR!!!!

20Billion for FY 2012 looks feasible...


This thing will surely beat the hell out Safcon at the top of the most profitable company in the East and Central Africa by next year.
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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youcan'tstopusnow
#47 Posted : Sunday, October 28, 2012 1:24:59 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Impunity wrote:
guru267 wrote:
ROOOOAAAAR!!!!

20Billion for FY 2012 looks feasible...


This thing will surely beat the hell out Safcon at the top of the most profitable company in the East and Central Africa by next year.
d'oh!

Last year I quipped:
youcan'tstopusnow wrote:
It is not the year, but the DECADE of the bankssmile

GOD BLESS YOUR LIFE
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Cde Monomotapa
#48 Posted : Sunday, October 28, 2012 8:47:31 PM
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Joined: 1/13/2011
Posts: 5,964
mazingira wrote:
The CBK needs to reduce rates in order to cushion banks from inevitable defaults at the current rates and inflation will have to be controlled by fiscal rather than monetary measures


That's why we are grateful that the long rains came through in Q2 hence the economy has been productive with harvesting & trading going on now & alas! The short rains are here with us too - more productivity. We're still very much farmers. Just the oil we don't have as yet. ;-)
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Cde Monomotapa
#49 Posted : Sunday, October 28, 2012 8:50:15 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
mazingira wrote:
In the west banks offer loans at rates of as low as 4 % PA in Kenya we pay 20 + %


In all fairness to Kenyan Banks the high interest regime has been orchestrated by the CBK!!

Western banks can lend at 4% because their central banks lend to them at 0-1% while we are all aware in Kenya the CBR is 13%. so why can't Kenyan banks lend @ 19%??



Even with that almost free money, their economies have been shrinking last 4 years to date and still room for more shrinkage. What does that tell us? (People are reluctant to risk/invest in the fundamentally busted REAL economy). Try offering Kenyans that 4% and watch the economy over-heat pronto!
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Cde Monomotapa
#50 Posted : Sunday, October 28, 2012 9:14:15 PM
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Joined: 1/13/2011
Posts: 5,964
Don't listen to Obama & Romney as they politicize the economy. Listen to the Wall-street global CEOs when they release earnings reports & they'll give you a better picture of what's really happening. Most of them give grim outlooks & how they're taking their corporations to the "Fat Farm" either by firing more people & or shutting down operations all together - that's in both the services & manufacturing sectors. The same applies to Europe.
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Cde Monomotapa
#51 Posted : Monday, October 29, 2012 1:51:54 AM
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Joined: 1/13/2011
Posts: 5,964
The other way to look at the state of economic affairs in the West is to tune in to the deep concerns/worries of BRICS about the present-continous-future of their shrinking export markets in the West. NB: BRICS deal with large sophisticated exports thus, massive revenue, business & job losses face them too.
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Cde Monomotapa
#52 Posted : Monday, October 29, 2012 11:06:05 AM
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Joined: 1/13/2011
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Bankia Posts $9.1 Billion Loss as EU Prepares Bailout Funds http://mobile.businesswe...anks-struggle-eu-ecb-say
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Mukiri
#53 Posted : Wednesday, November 14, 2012 1:59:51 PM
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Joined: 7/11/2012
Posts: 5,222
I'm selling my KCB, after realising my target price. Good move? If not, why?

Proverbs 19:21
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mwekez@ji
#54 Posted : Sunday, November 25, 2012 7:23:07 PM
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Joined: 5/31/2011
Posts: 5,121
Counter has been trading in a very narrow range in the past one month. Breakout/breakdown is in order
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hisah
#55 Posted : Sunday, November 25, 2012 10:31:52 PM
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Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Counter has been trading in a very narrow range in the past one month. Breakout/breakdown is in order

Breakout as per bid pattern power.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mazingira
#56 Posted : Monday, November 26, 2012 1:15:21 PM
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Joined: 10/26/2012
Posts: 136
Someone seems to be satisfied with the price and gone and spoiled the price ...this stock is worth way more than quoted ...hold and watch ...when next silly profits are announced we will smile ...those of us that hold
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Mukiri
#57 Posted : Tuesday, November 27, 2012 12:44:37 PM
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Joined: 7/11/2012
Posts: 5,222
Why the huge dip in share price?

Proverbs 19:21
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S.Mutaga III
#58 Posted : Tuesday, November 27, 2012 1:09:54 PM
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Joined: 3/26/2012
Posts: 830
Mukiri wrote:
Why the huge dip in share price?

profit taking
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Aguytrying
#59 Posted : Tuesday, November 27, 2012 3:08:57 PM
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Joined: 7/11/2010
Posts: 5,040
Mukiri wrote:
Why the huge dip in share price?


New trend, tulisema hapa kitambo.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#60 Posted : Tuesday, November 27, 2012 4:45:41 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
mwekez@ji wrote:
Counter has been trading in a very narrow range in the past one month. Breakout/breakdown is in order

Breakout as per bid pattern power.

Break down... profit-taking effects... Will I finally get those discounts that I have been expecting on quality mbuses? Pray
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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