Wazua
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Wai!! it is a blood bath, kcb, coop, equity down 9%
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court and some mps are very bitter about banks to even pay free legal fees to any complainants "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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penkon wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court buyouts then and top ups Zero sum equation for banks!   Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court It won't be arbitrary. Review terms or lose your accounts to the competition. No need for the courts.. Market forces will sort it out Start!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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This is quick money.. U can still get equity at 26.75 (Yesterday closing) and make quick money
βThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.β
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Metch wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court It won't be arbitrary. Review terms or lose your accounts to the competition. No need for the courts.. Market forces will sort it out So you are saying that banks will compete to buy off existing contracts.. That cannot happen and if it does then KCB shall trade at KES 7.5, COOP at KES 4
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/14/2014 Posts: 178
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I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course). On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits? Go for a business that any idiot can run β because sooner or later, any idiot is probably going to run it β Peter Lynch
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Goldilocks Reloaded wrote:I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).
On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits? Seems to be a 50-50 split between NFI and NIM. In Kenya most banks max 30%ish for NFI. This law is going to hurt! Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court What are you smoking? possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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maka wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court What are you smoking? What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen
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: 7/26/2007 Posts: 6,514
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obiero wrote:maka wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court What are you smoking? What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen I dont support this bill, but it will happen. Just watch. Everything must get repriced. I think BBK and co are trying to avoid that by showing new loans will be at prescribed pricing, but EVERYTHING will be repriced. If not, it will move. Expect KBA to go to court for an interpretation next. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:maka wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court What are you smoking? What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen Does the standard loan agreement have a clause that deals with what happens in case the law changes substantially altering material clauses of the loan? possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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maka wrote:obiero wrote:maka wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court What are you smoking? What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen Does the standard loan agreement have a clause that deals with what happens in case the law changes substantially altering material clauses of the loan? It does.. The bank has discretion to call up the debt at once in case of material deviation in initial sums/interest owed.. This will imply shorter tenors at best which may lead to higher NPLs..
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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Equity bado kuna vita the buyers and seller's are yet to settle on a deal "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:obiero wrote:maka wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court What are you smoking? What on earth would make a bank renegotiate a 25 year mortgage to a lower rate.. Trust me that will not happen without a big fight and international industrial law has sufficient citations contrary.. It will not happen Does the standard loan agreement have a clause that deals with what happens in case the law changes substantially altering material clauses of the loan? No. I have never seen one. But terms and conditions apply. 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: 13,549 Location: nairobi
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mlennyma wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court and some mps are very bitter about banks to even pay free legal fees to any complainants LOL. Which MP are you referring to.. The Kenyan ones are broke and have loose morals.. Can't challenge banks incase they decided to buy them off
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:mlennyma wrote:obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court and some mps are very bitter about banks to even pay free legal fees to any complainants LOL. Which MP are you referring to.. The Kenyan ones are broke and have loose morals.. Can't challenge banks incase they decided to buy them off that gem brother is smoking fire "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Goldilocks Reloaded wrote:I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).
On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits? CREDIT CARDS thats where the margins are. 242 million credit card purchase were made in the UK in just November. 45% of the amount spend incurred interest. Average interest rates are 10.4%. In the US the most profitable banks Jp Morgan Chase, Wells Fargo, Citigroup have a large portion of income from investment banking. Lets look at JP Morgan & Chase which owns the Chase brand in the US which big in retail banking and credit cards. Over 60 million households. 45% of their revenue was from retail banking (general mwananchi products like credit cards, loans, mortgages etc) 35% from investment banking 13% from asset management 7% from commercial and corporate banking Generally in terms of income 46% is from net interest income while 54% is from non interest income (fees) In Wells Fargo (biggest in retail) 53% net interest income while 47% non interest income 35%
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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obiero wrote:watesh wrote:mlennyma wrote:watesh wrote:The demand has shot up massively. Supply drying up Signs were clear yesterday, many wazuans have no intention of buying anything, however this reverse will depend on the banks Q3 and Q4 we might see a second adjustment if the effect is steep Q3 will be solid results. Q4 and H1 2017 will be a taste of the new law if old loans are repriced to 14.5% This will not happen. Old loans cannot be renegotiated arbitrarily. It will be challenged in court If they dont reprice the old loans, the customer will move to another bank get a cheaper loan and pay off that expensive one.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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watesh wrote:Goldilocks Reloaded wrote:I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).
On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits? CREDIT CARDS thats where the margins are. 242 million credit card purchase were made in the UK in just November. 45% of the amount spend incurred interest. Average interest rates are 10.4%. In the US the most profitable banks Jp Morgan Chase, Wells Fargo, Citigroup have a large portion of income from investment banking. Lets look at JP Morgan & Chase which owns the Chase brand in the US which big in retail banking and credit cards. Over 60 million households. 45% of their revenue was from retail banking (general mwananchi products like credit cards, loans, mortgages etc) 35% from investment banking 13% from asset management 7% from commercial and corporate banking Generally in terms of income 46% is from net interest income while 54% is from non interest income (fees) In Wells Fargo (biggest in retail) 53% net interest income while 47% non interest income 35% How many Kenyans with bank account have CREDIT cards? MEAGER!!!!!!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 10/1/2007 Posts: 232
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Wazua
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Wai!! it is a blood bath, kcb, coop, equity down 9%
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