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NBK HY16 disaster
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VituVingiSana
#21 Posted : Thursday, August 11, 2016 11:53:15 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,258
Location: Nairobi
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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obiero
#22 Posted : Thursday, August 11, 2016 12:13:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,894
Location: nairobi
VituVingiSana wrote:
Another GoK-run firm. You know what I think of them.

We know what you think of Kenya Re

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#23 Posted : Thursday, August 11, 2016 12:16:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,788
Location: NAIROBI
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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Boris Boyka
#24 Posted : Thursday, August 11, 2016 12:29:37 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
obiero wrote:
VituVingiSana wrote:
Another GoK-run firm. You know what I think of them.

We know what you think of Kenya Re

Laughing out loudly Laughing out loudly Ten Nil.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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jgithige
#25 Posted : Thursday, August 11, 2016 12:30:03 PM
Rank: Member


Joined: 7/10/2014
Posts: 145
Location: Nairobi
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.Applause
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Aguytrying
#26 Posted : Thursday, August 11, 2016 1:37:11 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
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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lochaz-index
#27 Posted : Thursday, August 11, 2016 5:16:02 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
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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obiero
#28 Posted : Thursday, August 11, 2016 5:18:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,894
Location: nairobi
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??

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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mlennyma
#29 Posted : Thursday, August 11, 2016 5:31:22 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
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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lochaz-index
#30 Posted : Thursday, August 11, 2016 5:37:53 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
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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Impunity
#31 Posted : Thursday, August 11, 2016 5:57:04 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
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 Pray Pray


I have a few hundreds of Ks fixed at postbank at 13%pa, should I liquidate and bolt or I hanf in a little?
Pray Pray Pray
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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obiero
#32 Posted : Thursday, August 11, 2016 5:58:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,894
Location: nairobi
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

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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obiero
#33 Posted : Thursday, August 11, 2016 6:00:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,894
Location: nairobi
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..

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Impunity
#34 Posted : Thursday, August 11, 2016 6:04:39 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
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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Impunity
#35 Posted : Thursday, August 11, 2016 6:10:25 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
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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DtheK
#36 Posted : Thursday, August 11, 2016 6:15:33 PM
Rank: Member


Joined: 2/15/2010
Posts: 157
Location: Kenya
@Obiero ever heard of Arap Mashamba?
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obiero
#37 Posted : Thursday, August 11, 2016 6:26:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,894
Location: nairobi
DtheK wrote:
@Obiero ever heard of Arap Mashamba?

Oh. I now follow Laughing out loudly

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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VituVingiSana
#38 Posted : Saturday, August 13, 2016 3:59:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,258
Location: Nairobi
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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newfarer
#39 Posted : Saturday, August 13, 2016 1:43:53 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
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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Pesa Nane
#40 Posted : Saturday, August 13, 2016 1:56:49 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
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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