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EQUITY vs KCB
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kaimbaga2014
#101 Posted : Wednesday, March 05, 2014 11:57:24 AM
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Joined: 2/17/2014
Posts: 7
Thanks Angelica. Which stocks would you recommend someone to pick with a view to selling in a years time
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Angelica _ann
#102 Posted : Wednesday, March 05, 2014 12:01:29 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
kaimbaga2014 wrote:
Thanks Angelica. Which stocks would you recommend someone to pick with a view to selling in a years time

CFC STANBIC @85-100 ranges is ok! Room for growth of business and capital gains still exist!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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vastcapital
#103 Posted : Wednesday, March 05, 2014 9:54:20 PM
Rank: New-farer


Joined: 10/10/2010
Posts: 51
Location: Nairobi
The two banks are poised to take most of the banking for county business. KCB has taken over a loan advanced to Nairobi County by Member thereby securing a deal with Nairobi county. Member has on the other hand taken over Nyeri county!

And the rush for County money is officially on the table.
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georgegop
#104 Posted : Thursday, March 06, 2014 8:14:58 AM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo

KCB snatches Sh5bn City Hall loan from Equity
Don't Work for Money, Let Money Work for You..
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mwekez@ji
#105 Posted : Thursday, March 06, 2014 8:48:03 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Clearly Equity din’t want to retain the Non Performing Loan given that they refused to sit down with City Hall to renegotiate the facility. KCB, with its bad debt history, may have just bagged another bad one and at a very concessional rate of 13% against the 18.5% charged by Equity Bank. Shrewd Equity have gotten rid of the problematic account and can now place the funds in a safe 10 year T-Bond at 12% or lend to mwananchi and corporates at 20%-18%.
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streetwise
#106 Posted : Thursday, March 06, 2014 8:53:34 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I think member should have been more innovative here. The issue is not the loan but collecting the revenue for the county may mean very good business..I am thinking if i collect the revenue and get paid by the country a commission meanwhile for the period the money seats in my bank I lend it even if it is overnight, that would mean I am earning twice on free capital..KCB strategy team congrats.
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VituVingiSana
#107 Posted : Thursday, March 06, 2014 8:55:24 AM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
I think @mwekezaji has nailed it. Equity has better things to do than be held hostage by bad debtors. I am not sure what portion of the Loan to CCN has been NPL'd but Equity [in 2Q 2014] can write-back the late or unpaid interest and any provisions made.

KCB may make fees, etc from the CCN deal but it comes with headaches as well. And nothing stops Equity for fighting for other (more) profitable business from CCN.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#108 Posted : Thursday, March 06, 2014 8:56:04 AM
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Joined: 5/31/2011
Posts: 5,121
@streetwise, history has shown us which of the 2 is more innovative and creative. There is more than meets the eye in this deal for Equity to let it go. The smart brains at Equity have done all that cost benefit analysis.
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mwekez@ji
#109 Posted : Thursday, March 06, 2014 9:22:20 AM
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Joined: 5/31/2011
Posts: 5,121
@streetwise, this should shed some more light on the kind of business KCB has been taking up ---> http://www.businessdailyafrica....52/-/vy3p4k/-/index.html
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VituVingiSana
#110 Posted : Thursday, March 06, 2014 10:34:50 AM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Every 2 years, a scandal or major bad debt haunts KCB. In 2014, it was the HUGE Bad Debt provision KCB tried to hide.

In 2016, I expect the CCN loan (if not something else) to bite them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sufficiently Philanga....thropic
#111 Posted : Thursday, March 06, 2014 11:13:38 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,220
Location: Sundowner,Amboseli
mwekez@ji wrote:
Clearly Equity din’t want to retain the Non Performing Loan given that they refused to sit down with City Hall to renegotiate the facility. KCB, with its bad debt history, may have just bagged another bad one and at a very concessional rate of 13% against the 18.5% charged by Equity Bank. Shrewd Equity have gotten rid of the problematic account and can now place the funds in a safe 10 year T-Bond at 12% or lend to mwananchi and corporates at 20%-18%.

In the moniessmile Even its price movement today confirms this!
@SufficientlyP
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streetwise
#112 Posted : Thursday, March 06, 2014 2:05:04 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Reminds me of a section of Christopher Lovelock book on service management on "knowing when to fire a customer"
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VituVingiSana
#113 Posted : Thursday, March 06, 2014 3:16:48 PM
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Joined: 1/3/2007
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Location: Nairobi
streetwise wrote:
Reminds me of a section of Christopher Lovelock book on service management on "knowing when to fire a customer"
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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theking
#114 Posted : Friday, March 07, 2014 10:11:01 AM
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Joined: 1/25/2010
Posts: 344
member closing books next Fri, there might be a mini rally in search of that dividend
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VituVingiSana
#115 Posted : Friday, March 07, 2014 1:15:01 PM
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Location: Nairobi
theking wrote:
member closing books next Fri, there might be a mini rally in search of that dividend
Why would one pay more for a share coz there's a dividend?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KERUJAMES
#116 Posted : Friday, March 07, 2014 3:00:53 PM
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Joined: 3/5/2014
Posts: 59
Location: Nairobi
This is a battle whose outcome I'm eagerly waiting for. Fahari wawili wapiganapo, wakenya tutanufaika!
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guru267
#117 Posted : Saturday, March 08, 2014 9:46:14 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
theking wrote:
member closing books next Fri, there might be a mini rally in search of that dividend
Why would one pay more for a share coz there's a dividend?


@VVS you are telling me you have not seen the dividend rush phenomenon in all your years of investing??
Mark 12:29
Deuteronomy 4:16
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Jamani
#118 Posted : Saturday, March 08, 2014 10:36:37 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
guru267 wrote:
VituVingiSana wrote:
theking wrote:
member closing books next Fri, there might be a mini rally in search of that dividend
Why would one pay more for a share coz there's a dividend?


@VVS you are telling me you have not seen the dividend rush phenomenon in all your years of investing??

I think VVS is questioning the rush phenomenon
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VituVingiSana
#119 Posted : Sunday, March 09, 2014 11:09:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Jamani wrote:
guru267 wrote:
VituVingiSana wrote:
theking wrote:
member closing books next Fri, there might be a mini rally in search of that dividend
Why would one pay more for a share coz there's a dividend?


@VVS you are telling me you have not seen the dividend rush phenomenon in all your years of investing??

I think VVS is questioning the rush phenomenon
Asante @jamani ... Kweli, kizungu ilikuja na meli
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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georgegop
#120 Posted : Tuesday, March 11, 2014 12:58:51 PM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
There is no much excitement in the Equity counter despite the upcoming closure of its books..
Don't Work for Money, Let Money Work for You..
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