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NBK HY16 disaster
Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Another GoK-run firm. You know what I think of them. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
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VituVingiSana wrote:Another GoK-run firm. You know what I think of them. We know what you think of Kenya Re
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Just tells you what was happening when Munir Ahmed was the CEO. Then he tried asset sales to hide the NPL so that proceeds can be used to write off the NPL. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:VituVingiSana wrote:Another GoK-run firm. You know what I think of them. We know what you think of Kenya Re  Ten Nil. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Ericsson wrote:Just tells you what was happening when Munir Ahmed was the CEO.
Then he tried asset sales to hide the NPL so that proceeds can be used to write off the NPL.
Then he tried to leave the country and was nabbed at the airport.  "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I think we complicate stock investing for nothing. We are not at the company day by day to see how it's run. Then, Why would you invest in a manager / Co owners you can't trust? Why? Like all gok firms and especially this regime. This is how they will all end up. KPLC? Why is the share price so low? I hope KCB is spared the curse. Watching from very far Kanu era reloaded The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mlennyma wrote:maka wrote:mlennyma wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Be very careful with firms where arap Samoei has his person as CEO.
It will be back to KANU days of business of slaughtering the cow. This bank is a goner It can be salvaged...how bad was KCB kitambo? @maka KES 27B NPL for such a small bank is not loose change.. It would take the grace of God and the hand of GoK to save this one. No known business strategy will uplift this thing can shareholders demand a publish of this list of 27b npls holders Happened in Nigeria.... http://www.premiumtimesn...ts-of-bank-debtors.html
it's possible to steal money and assign it as a npl belonging to a dead person or a person who doesn't know This is a fraudulent shell game. If GoK was serious about pursuing/ascertaining the culprits a forensic audit would suffice. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
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lochaz-index wrote:mlennyma wrote:maka wrote:mlennyma wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Be very careful with firms where arap Samoei has his person as CEO.
It will be back to KANU days of business of slaughtering the cow. This bank is a goner It can be salvaged...how bad was KCB kitambo? @maka KES 27B NPL for such a small bank is not loose change.. It would take the grace of God and the hand of GoK to save this one. No known business strategy will uplift this thing can shareholders demand a publish of this list of 27b npls holders Happened in Nigeria.... http://www.premiumtimesn...ts-of-bank-debtors.html
it's possible to steal money and assign it as a npl belonging to a dead person or a person who doesn't know This is a fraudulent shell game. If GoK was serious about pursuing/ascertaining the culprits a forensic audit would suffice. But who exactly is arap Samoei??
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:lochaz-index wrote:mlennyma wrote:maka wrote:mlennyma wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Be very careful with firms where arap Samoei has his person as CEO.
It will be back to KANU days of business of slaughtering the cow. This bank is a goner It can be salvaged...how bad was KCB kitambo? @maka KES 27B NPL for such a small bank is not loose change.. It would take the grace of God and the hand of GoK to save this one. No known business strategy will uplift this thing can shareholders demand a publish of this list of 27b npls holders Happened in Nigeria.... http://www.premiumtimesn...ts-of-bank-debtors.html
it's possible to steal money and assign it as a npl belonging to a dead person or a person who doesn't know This is a fraudulent shell game. If GoK was serious about pursuing/ascertaining the culprits a forensic audit would suffice. But who exactly is arap Samoei?? A man aspiring to be the next top man "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Aguytrying wrote:I think we complicate stock investing for nothing. We are not at the company day by day to see how it's run. Then, Why would you invest in a manager / Co owners you can't trust? Why?
Like all gok firms and especially this regime. This is how they will all end up.
KPLC? Why is the share price so low? I hope KCB is spared the curse. Watching from very far
Kanu era reloaded I am reading a lot of fear in people's posts. The bear has been very patient and choosy in cracking the whip, nonetheless, it will have its fill and give way to a multi-year bull run. On the bright side, this bear season offers a good opportunity especially for the banks to clean up their act rather than carry forward with baggage and that includes Kcb. If there is a full blown banking crisis as is looking likely, the better since it guarantees a complete washout. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Boris Boyka wrote:newfarer wrote:Back to kanu days.could this be where the weekend harambee cash is coming from? Another kq type bail out on the way? This one and Post Bank are the source of gvt Money. Post bank doesn't give loans but it's massively asking for deposits. 27B  I have a few hundreds of Ks fixed at postbank at 13%pa, should I liquidate and bolt or I hanf in a little? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
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lochaz-index wrote:Aguytrying wrote:I think we complicate stock investing for nothing. We are not at the company day by day to see how it's run. Then, Why would you invest in a manager / Co owners you can't trust? Why?
Like all gok firms and especially this regime. This is how they will all end up.
KPLC? Why is the share price so low? I hope KCB is spared the curse. Watching from very far
Kanu era reloaded I am reading a lot of fear in people's posts. The bear has been very patient and choosy in cracking the whip, nonetheless, it will have its fill and give way to a multi-year bull run. On the bright side, this bear season offers a good opportunity especially for the banks to clean up their act rather than carry forward with baggage and that includes Kcb. If there is a full blown banking crisis as is looking likely, the better since it guarantees a complete washout. I would not buy any extra single share in a bank stock at the NSE.. The fear here is warranted
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
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mlennyma wrote:obiero wrote:lochaz-index wrote:mlennyma wrote:maka wrote:mlennyma wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Be very careful with firms where arap Samoei has his person as CEO.
It will be back to KANU days of business of slaughtering the cow. This bank is a goner It can be salvaged...how bad was KCB kitambo? @maka KES 27B NPL for such a small bank is not loose change.. It would take the grace of God and the hand of GoK to save this one. No known business strategy will uplift this thing can shareholders demand a publish of this list of 27b npls holders Happened in Nigeria.... http://www.premiumtimesn...ts-of-bank-debtors.html
it's possible to steal money and assign it as a npl belonging to a dead person or a person who doesn't know This is a fraudulent shell game. If GoK was serious about pursuing/ascertaining the culprits a forensic audit would suffice. But who exactly is arap Samoei?? A man aspiring to be the next top man I still dont follow..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Be very careful with firms where arap Samoei has his person as CEO.
It will be back to KANU days of business of slaughtering the cow. This bank is a goner It can be salvaged...how bad was KCB kitambo? @maka KES 27B NPL for such a small bank is not loose change.. It would take the grace of God and the hand of GoK to save this one. No known business strategy will uplift this thing Can they parade in the dailies the names of those people behind the NPL? You will be surprised. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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obiero wrote:mlennyma wrote:obiero wrote:lochaz-index wrote:mlennyma wrote:maka wrote:mlennyma wrote:obiero wrote:maka wrote:obiero wrote:Ericsson wrote:Be very careful with firms where arap Samoei has his person as CEO.
It will be back to KANU days of business of slaughtering the cow. This bank is a goner It can be salvaged...how bad was KCB kitambo? @maka KES 27B NPL for such a small bank is not loose change.. It would take the grace of God and the hand of GoK to save this one. No known business strategy will uplift this thing can shareholders demand a publish of this list of 27b npls holders Happened in Nigeria.... http://www.premiumtimesn...ts-of-bank-debtors.html
it's possible to steal money and assign it as a npl belonging to a dead person or a person who doesn't know This is a fraudulent shell game. If GoK was serious about pursuing/ascertaining the culprits a forensic audit would suffice. But who exactly is arap Samoei?? A man aspiring to be the next top man I still dont follow.. Can you follow this one now?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 2/15/2010 Posts: 133 Location: Kenya
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@Obiero ever heard of Arap Mashamba?
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Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
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DtheK wrote:@Obiero ever heard of Arap Mashamba? Oh. I now follow
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Ericsson wrote:Just tells you what was happening when Munir Ahmed was the CEO.
Then he tried asset sales to hide the NPL so that proceeds can be used to write off the NPL.
Sounds just like KQ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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I really don't understand this business of huge non performing loans. Were they dished out without any form of security/guarantee ? Were they given to ghosts? Can't someone who signed off the loans be held responsible? punda amecheka
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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newfarer wrote:I really don't understand this business of huge non performing loans. Were they dished out without any form of security/guarantee ? Were they given to ghosts? Can't someone who signed off the loans be held responsible? A non performing loan is not a write-off. In our CBK rules, it is any interest / installment that falls due and is not honoured for 90 or more days. Pesa Nane plans to be shilingi when he grows up.
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