why?they refused to advance you a loan?

@vitu,

taking into account the dividend of 1 bob,you have recovered a bob,so the rights are now 24 bob

@VVS. Hold your horses. I am sure you evaluated the business case for KCB when you bought your shares at 25 and it made sense then. The western world was already experiencing the credit crisis (although admittedly we never thought Kenya would be hit or hit as badly). So,not very much has changed. If anything KCB has actually become a better business.Remember not too long ago we paid an equivalent of Kshs 5 for KCB rights. They are trading at almost 5 times that price - after one of the worst bear runs ever experienced on the Kenyan market. PATIENCE DOES PAY sometimes.

I am therefore putting my neck out and predicting that KCB's share price will hit Kshs 30 before very long. No need to get the Nigerians in. However,you can get very low P/E banking shares in Nigeria. Maybe that's where you ought to look. And by the way when the western world recovers - share prices in Nigeria are bound to explode UPWARDS!


Opportunity calls but few respond.

@mwanahisa - You are right lakini I will bail at least 50% of my shares at 30/-... if I can get it. Where are the Nigerians? Please make a takeover bid. Haraka.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

You can keep your shares. It is a free market. The only (practical) way I can get 30/- in the current market is a takeover bid. So whether you huff or puff,I hope someone comes in with a takeover bid.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB