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Muthawamunene		#51 Posted : Saturday, July 15, 2017 12:54:30 PM
Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi		bartum wrote: Metasploit wrote: bartum wrote: bartum wrote: It ain't moving up, who can prop when will they release Q1 He he ..Relax If you have to succeed in stocks,then patience is needed.But know when to sell/have stop losses.Dont have the patience of holding on to a dropping stock (Case study KQ from 14 to 10) I bought kq at 57 Intestines of steel. You are the definition of cool and calmness. Much admiration.
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MadDoc		#52 Posted : Saturday, July 15, 2017 3:41:05 PM
Rank: Member Joined: 10/26/2015 Posts: 151		KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. There was an article that had a breakdown of the amounts owed by Nakumatt to banks. Do you have the link?
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KulaRaha		#53 Posted : Monday, July 17, 2017 11:16:15 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. Business opportunities are like buses,there's always another one coming
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MadDoc		#54 Posted : Monday, July 17, 2017 1:31:55 PM
Rank: Member Joined: 10/26/2015 Posts: 151		KulaRaha wrote: VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. How would you know If they factored in Nakumatt unless they decided to explicitly say so?
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Angelica _ann		#55 Posted : Monday, July 17, 2017 1:58:14 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		@Aguytrying, you nailed this one nicely In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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KulaRaha		#56 Posted : Monday, July 17, 2017 2:24:42 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		MadDoc wrote: KulaRaha wrote: VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. How would you know If they factored in Nakumatt unless they decided to explicitly say so? You don't have to be a genius to see a 5B+ bad debt.... Business opportunities are like buses,there's always another one coming
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MadDoc		#57 Posted : Monday, July 17, 2017 2:28:24 PM
Rank: Member Joined: 10/26/2015 Posts: 151		KulaRaha wrote: MadDoc wrote: KulaRaha wrote: VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. How would you know If they factored in Nakumatt unless they decided to explicitly say so? You don't have to be a genius to see a 5B+ bad debt.... Cmon. How would you know when it's lumped up with other bad loans? N you haven't provided the link to the article?
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KulaRaha		#58 Posted : Monday, July 17, 2017 2:35:31 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		MadDoc wrote: KulaRaha wrote: MadDoc wrote: KulaRaha wrote: VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. How would you know If they factored in Nakumatt unless they decided to explicitly say so? You don't have to be a genius to see a 5B+ bad debt.... Cmon. How would you know when it's lumped up with other bad loans? N you haven't provided the link to the article? Because Nakumatt went bad in 2016...it wasnt there in 2015. Anyways, lets wait and see how they hide that one... Business opportunities are like buses,there's always another one coming
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VituVingiSana		#59 Posted : Monday, July 17, 2017 3:12:56 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		KulaRaha wrote: MadDoc wrote: KulaRaha wrote: MadDoc wrote: KulaRaha wrote: VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. How would you know If they factored in Nakumatt unless they decided to explicitly say so? You don't have to be a genius to see a 5B+ bad debt.... Cmon. How would you know when it's lumped up with other bad loans? N you haven't provided the link to the article? Because Nakumatt went bad in 2016...it wasnt there in 2015. Anyways, lets wait and see how they hide that one... Any half-smart banker will tell you that the signs were there in 2015... As a DTB shareholder I hope they have ring-fenced the inflows from the sales/Nakumatt card. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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MadDoc		#60 Posted : Monday, July 17, 2017 10:56:43 PM
Rank: Member Joined: 10/26/2015 Posts: 151		KulaRaha wrote: MadDoc wrote: KulaRaha wrote: MadDoc wrote: KulaRaha wrote: VituVingiSana wrote: KulaRaha wrote: You might want to wait and see how big a hit they take on Nakumatt...they were the largest lender. Someone mentioned that earlier. Where is that info from? I am surprised that DTB hasn't taken that exposure as a NPL. Or do they recover the money/loan from money uploaded by customers onto the Nakumatt card? DTB lends Nakumatt "working capital" or pays suppliers. Customer loads money onto the Nakumatt card. Customer uses the card to pay for purchases. DTB recovers the "loan" from what Nakumatt receives as payment. If the above is true then the risk is low UNLESS the sales/purchases using the Nakumatt card are lower than the working capital loan. Sounds like creative accounting...I didnt see them take Nakumatt on NPL in 2016 numbers...lets see how they cook this one. With PKF as auditors, they may hide it again. How would you know If they factored in Nakumatt unless they decided to explicitly say so? You don't have to be a genius to see a 5B+ bad debt.... Cmon. How would you know when it's lumped up with other bad loans? N you haven't provided the link to the article? Because Nakumatt went bad in 2016...it wasnt there in 2015. Anyways, lets wait and see how they hide that one... I'd actually be more worried about other banks that lent Nakumatt money. N Nakumatt was already 90 days into arrears by 2016, presumably. Regardless, your statements might be a wee factual. With the multiple banks that lent Nakumatt money, I'd bet on DTB to fare better than the rest.
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