very simple imminent rights issue and share dilution has spooked shareholders...

i plan to become a shareholder by end of next week because there is too much value at these levels and it is still cum div

i guess its time to cut the losses bail out

meanwhile foreigners will continue buying....

If it drops to around Ksh12 ex rights, then I'll think about it for pure speculation. Not an invesment vehicle when compared to other bank stocks imho.

In 3 years... KCB has done much worse than its competitors/peers like BBK or SCBK...

The only bank worse up than KCB is CFC-Stanbic...

So I cant say oduor deserves this extension...

I have had an unfruitful affair with KCB for 3yrs! I refused to sell when it hit 33 because I was accumulating long-term. I sold my most recent rights!

Now, am thinking of exiting, but wont let go of the stock as it is a growth company!

This time around I will change strategy. Qn is, all stocks are going North, so when profits n gains are taken elsewhere what will people consider fairly-priced to buy? I think, KCB and KPLC will be among the few discounted shares to buy. So staying put, gives me a foot in the door for that time. Yet, I worry that KCB hardly appreciates at current volume, why should that change at double the volume? Mhhhh, just thought to share my dilemma.

And frankly, I thought it was high time Oduor exited, after successful expansion, to bring in a new broom for "cutting waste", consolidation, efficiency and "profiteering".

Is Oduor-Otieno worth another 3 years? IMHO, no...

Anyone at the AGM? Are the polo shirts nice?

Wah, just back from the AGM and am truly disappointed.
Shareholders complained about the usual low dividends, no goddies at the AGM and of course the rude staff at KCB branches and a lot of time was given to this.
On the more serious business on the rights issue, shareholders were asked to propose and second the resolutions. Job Kihumba was called as an "expert" to guide shareholders and he just gave basics of what a rights issue is. The chairman wanted to roll up the meeting and asked for a proposer until one smart shareholder shot up to ask two questions of the day
1. The effect of issuing so many shares and the dilution of shareholder value
2. Does the board have a plan B if the rights issue does not succeed
Basically M.D. answered that the company needs to grow and if shareholders want it to grow they have to support it and shareholders should invest long-term. What i got was "take it or leave it". Well he didn't answer the second question. He also said they will issue bonds at a later stage. I got the feeling that the board is not reading the mood of the shareholders who need value for their investment.

I have now made my decision i will exit half of my portfolio ex div next week and the other half cum rights. I think they are better opportunities out there.

...100 years from now people shall still be talking about kcb's unrealized potential...