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FULL YEAR 2012 BANKING SECTOR VALUATION
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mwekez@ji
#61 Posted : Wednesday, April 10, 2013 9:48:03 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Point of correction @MoneyMonger @Mainat. Its not UBA that is looking for a buyout but Guaranty Trust Bank Plc, Nigeria’s largest lender by market value. To add, Guaranty Trust Bank Plc is looking to acquire a mid size bank with a presence in KE, Tz, Ug. Only 3 mid size banks have a presence in the all the said countries
1. NIC
2. DTB (also in Burundi)
3. BOA

The only other mid size Banks with a regional presence that they could consider are:
1. CBA (in KE & Tz)
2. Fina (in KE, Ug & Rw)
3. I&M Bank (in KE, Tz, Rw, Mauritius)
4. Imperial Bank (in KE & Ug)
5. ABC (in KE & Ug)
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mwekez@ji
#62 Posted : Wednesday, April 10, 2013 9:56:18 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kigeugeu Ndegwa's have made a U-Turn again on the matter of their shareholding in NIC. They have been buying the shares from market between Oct and March. Their shareholding now stands at the maximum allowed threshold of 25% #AmaIkoKitu¿ >>> http://www.businessdailyafrica....6/-/h03qu9z/-/index.html
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hisah
#63 Posted : Wednesday, April 10, 2013 9:58:25 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Kigeugeu Ndegwa's have made a U-Turn again on the matter of their shareholding in NIC. They have been buying the shares from market between Oct and March. Their shareholding now stands at the maximum allowed threshold of 25% #AmaIkoKitu¿ >>> http://www.businessdailyafrica....6/-/h03qu9z/-/index.html

Would you sell your gold for cheap smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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MoneyMonger
#64 Posted : Wednesday, April 10, 2013 9:58:35 AM
Rank: Member

Joined: 4/25/2012
Posts: 110
mwekez@ji wrote:
Point of correction @MoneyMonger @Mainat. Its not UBA that is looking for a buyout but Guaranty Trust Bank Plc, Nigeria’s largest lender by market value. To add, Guaranty Trust Bank Plc is looking to acquire a mid size bank with a presence in KE, Tz, Ug. Only 3 mid size banks have a presence in the all the said countries
1. NIC
2. DTB (also in Burundi)
3. BOA

The only other mid size Banks with a regional presence that they could consider are:
1. CBA (in KE & Tz)
2. Fina (in KE, Ug & Rw)
3. I&M Bank (in KE, Tz, Rw, Mauritius)
4. Imperial Bank (in KE & Ug)
5. ABC (in KE & Ug)



Many thanks for the correction and further insight!
There is nothing as dangerous as an Idea, when there is only one Idea
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Cde Monomotapa
#65 Posted : Wednesday, April 10, 2013 10:16:42 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
??NBK??
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mwekez@ji
#66 Posted : Wednesday, April 10, 2013 10:53:00 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
??NBK??


@Cde, what? Speak up
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Sufficiently Philanga....thropic
#67 Posted : Wednesday, April 10, 2013 1:03:55 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
youcan'tstopusnow wrote:
mwekezaji, I get you. I think HF+Equity provides a good mix of exposure to the banking sector

NB: Equity Bank books closure Friday 15th March

Anyone knowing when simba closes its books?
@SufficientlyP
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youcan'tstopusnow
#68 Posted : Wednesday, April 10, 2013 1:41:27 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
KCB AGM 10th May KICC Tsavo Ball Room. Books closure 13th May. Payment date 14th June.
GOD BLESS YOUR LIFE
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  | | Edit by user: Wednesday, April 10, 2013 1:42 PM | Reason: Not specified
Sufficiently Philanga....thropic
#69 Posted : Wednesday, April 10, 2013 1:44:05 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@ycsun,gracias
@SufficientlyP
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VituVingiSana
#70 Posted : Thursday, April 11, 2013 1:38:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
mwekez@ji wrote:
Point of correction @MoneyMonger @Mainat. Its not UBA that is looking for a buyout but Guaranty Trust Bank Plc, Nigeria’s largest lender by market value. To add, Guaranty Trust Bank Plc is looking to acquire a mid size bank with a presence in KE, Tz, Ug. Only 3 mid size banks have a presence in the all the said countries
1. NIC
2. DTB (also in Burundi)
3. BOA

The only other mid size Banks with a regional presence that they could consider are:
1. CBA (in KE & Tz)
2. Fina (in KE, Ug & Rw)
3. I&M Bank (in KE, Tz, Rw, Mauritius)
4. Imperial Bank (in KE & Ug)
5. ABC (in KE & Ug)

BOA is probably out since it is much larger ex-EAC so GTB would be buying much more including a substantial presence in West Africa.
NIC - Hmmm. The UG operation is greenfield & small.
DTB - Aga Khan to sell a well-managed, strong & fast growing flagship firm which supports other AKFED investments including NMG, TPSEA, Jubilee, etc? Not likely. Never say never!

CBA - Makes sense as it can become 'regional' but it's a price game. And one of the shareholders is now Rais.
Fina - Hmmm. Big in Rwanda.
I&M - Unlikely with the recent expansion into Rwanda. And the listing to come soon via City Trust.
Imperial - ?
ABC - ?

What about Chase?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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