K.C.B have posted not so impressive results for the year ended 2009, i hope they do not come up with the crap of another rights issue to support the so called expanssion of branches which have not brought in good results.

PAT was actually down from 2008.Okay just 3%, I reckon because it had to show all the dirty stuff in the cupbboard that gets missed during the quarter announcements. KCB has now been overtaken by the awesome Equity in terms of size of profitability as I thought last yr. Mark you, Equity has a balance that 2/3 the size of KCB. And guys still buy KCB over Equity?

KCB is wanting to raise Ksh15bn! Presumambly a mixture of rights issue and a bond.
VVS, please note NIC only has 3% higher capital than KCB).

Kizee- let me use an example. Last year, your pal Magothe had 4 cars and you had 5 cars. This year, Magothe has 5 cars, but you have 4 cars. Would it be correct to say that Magothe has overtaken in you in the size of car entourage owned?

Equity clocked Ksh4.2bn PAT and KCB Ksh4.0bn for 2009. Capisce?

Seems a mixture of debt & equity to raise 15bn so, yes, another Rights Issue seems likely!

I think profitability is relative...taking pre-tax profit are things change...but what do investors pay attention too...cash dividends...so u buy 1,000 shares of both KCB or Equity, which comes out above?