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KCB rights issue
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sparkly
#61 Posted : Tuesday, June 08, 2010 2:03:32 PM
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Joined: 9/23/2009
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Location: Enk are Nyirobi
No hurry to get in... will wait to buy once investors start offloading the rights issues.
Life is short. Live passionately.
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Kausha
#62 Posted : Tuesday, June 08, 2010 2:26:26 PM
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Joined: 2/8/2007
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This is a monkey in the making. There will be a lot of rights on offer, just watch this space. You can be raising capital every two years and have nothing great to show about it.
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kyt
#63 Posted : Tuesday, June 08, 2010 7:06:51 PM
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Joined: 11/7/2007
Posts: 2,182
true that its a course in vain i pity the guys who got in at 25 and dont have money to buy the rights now they sell at a loss, what a life sigh!!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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My 2 cents
#64 Posted : Wednesday, June 09, 2010 2:17:32 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,070
And now the books closure date has been moved to 15th June, so as to give the public more time to buy the share cum rights......I just want then to announce the rights price already!
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Kausha
#65 Posted : Wednesday, June 09, 2010 2:55:07 PM
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Rights price is 17 bob. I really wouldn't wish to be in Martin's shoes nor Standard Investment bank's. This will be a case of selling matumbo in a market of sirloin and rump steaks. There are quite a number of well priced stocks with great prospects including in banking for one to even sit down for a discussion on KCB rights.
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Wondergirl
#66 Posted : Wednesday, June 09, 2010 3:03:23 PM
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Joined: 9/12/2009
Posts: 312
@ kausha yes its Matumbo but what about those who are holding the shares? If they don't pick the rights they will make a big loss... Have they sent out the forms already? I only got my dividend cheque, no communication on the rights issue.
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Wa_ithaka
#67 Posted : Wednesday, June 09, 2010 3:09:01 PM
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Joined: 1/7/2010
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Location: nbi
I recall Mumias' ofs in 2006. KCB has the whiff of the same.
The Governor of Nyeri - 2017
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sparkly
#68 Posted : Wednesday, June 09, 2010 3:11:18 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
kyt wrote:
true that its a course in vain i pity the guys who got in at 25 and dont have money to buy the rights now they sell at a loss, what a life sigh!!

Rights can be sold. If you exercise or sell your wealth is preserved. You ignore you lose wealth
Life is short. Live passionately.
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slykat
#69 Posted : Wednesday, June 09, 2010 5:09:34 PM
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Joined: 2/20/2007
Posts: 359
At best, am disillusioned by KCB. It is an oxymoron. The only sensible investment that doesn't make me money. The biz is profitable but as a shareholders it continues to lose me value... as someone pointed out, I can bet they will be back in 2012 for more for very much the same reasons, diluting my value even further.
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kyt
#70 Posted : Wednesday, June 09, 2010 9:25:49 PM
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Joined: 11/7/2007
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@ sparky what if i dont have money to buy right now? they just did not do their maths right this time round, but then again even last time they didnt.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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the deal
#71 Posted : Wednesday, June 09, 2010 9:37:42 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
kyt wrote:
@ sparky what if i dont have money to buy right now? they just did not do their maths right this time round, but then again even last time they didnt.

you can sell ur rights to someone else...or exit before being diluted...its the worst thing which can to an investor besides the falling share price..
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the deal
#72 Posted : Wednesday, June 09, 2010 9:41:49 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Kausha wrote:
Rights price is 17 bob. I really wouldn't wish to be in Martin's shoes nor Standard Investment bank's. This will be a case of selling matumbo in a market of sirloin and rump steaks. There are quite a number of well priced stocks with great prospects including in banking for one to even sit down for a discussion on KCB rights.

17 bob...KCB is crazy...wats the difference btwn buying new shares on the market n the rights...by the way KCB has been tradinf btwn 13-24 for the past 2 years..
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Scubidu
#73 Posted : Thursday, June 10, 2010 8:26:55 AM
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Joined: 9/4/2009
Posts: 700
Location: Nairobi
Centum had no faith in this bank by the mere fact that they sold big in Q1 of 2010. I don't normally argue with these investment managers, but, if KCB can raise the targeted funds they have a bright future (assuming they do something about the cost base). The new capital base when raised could sustain them far beyond 2015. Not paying a dividend is not a problem if ur thinking long term, but I don't see any significant premium above the rights price, so I'll wait until it drops.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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VituVingiSana
#74 Posted : Thursday, June 10, 2010 8:48:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
Dont forget that there may be a HUGE buyer who wants strategic control... I think a Nigerian or South African bank might be interested in KCB...

Also there are a Funds (Foreign Investors) who can pick up MILLIONS of shares in one transaction instead of thousands of transactions over months!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#75 Posted : Thursday, June 10, 2010 11:46:50 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
3-5 years from now KCB will be untouchable...the expansion will pay off big time..note also that they expanded in countries whose economy's will grow by an average of 6-5% over the next 3-5 years...i believe TZ and South Sudan will be a big success...
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Obi 1 Kanobi
#76 Posted : Thursday, June 10, 2010 1:04:55 PM
Rank: Elder


Joined: 7/23/2008
Posts: 3,017
I have never understood why most here are so anti KCB, so it has not lived upto its potential but in my opinion, its performance is not that far of the pace of its peers.

The decision to consolidate its operations and mordernise to me sounds like a well thought out decision that should see it consolidate its market and start making serious profits.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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youcan'tstopusnow
#77 Posted : Sunday, June 13, 2010 1:26:21 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I think KCB will be a great investment post rights-issue
GOD BLESS YOUR LIFE
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sparkly
#78 Posted : Sunday, June 13, 2010 7:01:28 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
I think KCB will be a great investment post rights-issue

Think so too. Buy after the rights issue start trading and wait hoping they dont come back for another rights issue.
Life is short. Live passionately.
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VituVingiSana
#79 Posted : Monday, June 14, 2010 7:10:08 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
Tuesday... when they announce the Rights price... I think KCB is biting off too much with a 15bn Rights Issue...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#80 Posted : Monday, July 12, 2010 1:06:30 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
Rights at 25 cents yet folks buying shares at 17.75... makes little sense to me... I am surprised KCB hasn't extended the Rights Issue period...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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