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STOCKS TO SELL by yaserbigchair
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obiero
#521 Posted : Monday, December 21, 2015 7:09:58 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,428
Location: nairobi
murchr wrote:
Should Barclays be sold or what expectations are there when the mother company decides to divest?

K-rep will buy Barclays Kenya
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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murchr
#522 Posted : Monday, December 21, 2015 7:11:48 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
obiero wrote:
murchr wrote:
Should Barclays be sold or what expectations are there when the mother company decides to divest?

K-rep will buy Barclays Kenya


What if they sell Barclays Africa (incl those in other countries) Who would be the likely suitor? Am seeing a Nigerian bank going for this
"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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VituVingiSana
#523 Posted : Monday, December 21, 2015 8:10:50 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,419
Location: Nairobi
murchr wrote:
obiero wrote:
murchr wrote:
Should Barclays be sold or what expectations are there when the mother company decides to divest?

K-rep will buy Barclays Kenya


What if they sell Barclays Africa (incl those in other countries) Who would be the likely suitor? Am seeing a Nigerian bank going for this

You are on the right track unlike @Obiero (who is going to start KQ Bank) but it may be a sale of BBK to ABSA.
Barclays PLC may keep or sell off its stake in ABSA but ABSA (not Barclays PLC) becomes the 'parent' firm. The problem for BBK is that South Africans are lousy managers in Kenya. Look at CFC-Stanbic which despite its huge Balance Sheet, its profit is the same as DTB or I&M which are 1/2 the size.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#524 Posted : Monday, December 21, 2015 9:34:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
Barclays Bank Kenya won't be sold but the parent ABSA which is owned by Barclays Africa is the one that will be put up for sale.
As pertaining the most likely suitor it will be a western bank either HSBC or Deutsche Bank or BNP Paribas.
Nigerian Banks it will be too costly for them to buy ABSA stake unless it is split up into individual countries units and sold of in pieces
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#525 Posted : Monday, December 21, 2015 9:54:55 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,419
Location: Nairobi
Ericsson wrote:
Barclays Bank Kenya won't be sold but the parent ABSA which is owned by Barclays Africa is the one that will be put up for sale.
As pertaining the most likely suitor it will be a western bank either HSBC or Deutsche Bank or BNP Paribas.
Nigerian Banks it will be too costly for them to buy ABSA stake unless it is split up into individual countries units and sold of in pieces

Do 'Western Banks' still want to be in Africa? [New acquisitions not existing operations] The new rules for money laundering, etc can be very difficult to navigate for Western Banks doing business in Africa.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#526 Posted : Monday, December 21, 2015 10:22:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,428
Location: nairobi
Ericsson wrote:
Barclays Bank Kenya won't be sold but the parent ABSA which is owned by Barclays Africa is the one that will be put up for sale.
As pertaining the most likely suitor it will be a western bank either HSBC or Deutsche Bank or BNP Paribas.
Nigerian Banks it will be too costly for them to buy ABSA stake unless it is split up into individual countries units and sold of in pieces

It better be split up. No bank can come into Kenya and expect to shake up the status quo..
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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PeterReborn
#527 Posted : Tuesday, January 12, 2016 6:00:38 PM
Rank: Veteran

Joined: 1/3/2014
Posts: 1,063
So I got a call from by broker telling me to sell my shares in Bamburi,safaricom,EABL and centum.I am confused whether they have my best interest or they just want to munch the commissions.
Consistency is better than intensity
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whiteowl
#528 Posted : Tuesday, January 12, 2016 8:55:53 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
PeterReborn wrote:
So I got a call from by broker telling me to sell my shares in Bamburi,safaricom,EABL and centum.I am confused whether they have my best interest or they just want to munch the commissions.


For centum they do.For the others they are just hungry for commission. January can be a tough month even for brokers.
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VituVingiSana
#529 Posted : Wednesday, January 13, 2016 1:50:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,419
Location: Nairobi
PeterReborn wrote:
So I got a call from by broker telling me to sell my shares in Bamburi,safaricom,EABL and centum.I am confused whether they have my best interest or they just want to munch the commissions.
And replace them with...?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#530 Posted : Wednesday, January 13, 2016 6:22:27 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
PeterReborn wrote:
So I got a call from by broker telling me to sell my shares in Bamburi,safaricom,EABL and centum.I am confused whether they have my best interest or they just want to munch the commissions.


3/4 Are stocks to own for life. Keep buying unless you need the money for other purposes.
Life is short. Live passionately.
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