wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

19 Pages«<678910>»
Eye on I&M ...
Options
Previous Topic · Next Topic
obiero
#71 Posted : Saturday, June 03, 2017 7:28:41 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

KQ ABP 4.26
Back to top
WWW
  |
obiero
#72 Posted : Saturday, April 07, 2018 7:05:52 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

Good morning @vvs

KQ ABP 4.26
Back to top
WWW
  |
VituVingiSana
#73 Posted : Saturday, April 07, 2018 8:18:23 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

Laughing out loudly Laughing out loudly Laughing out loudly Well, how did KQ do between Jul 2017 - Dec 2018?
And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Saturday, April 07, 2018 8:19 AM | Reason: Not specified
obiero
#74 Posted : Saturday, April 07, 2018 8:38:19 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

Laughing out loudly Laughing out loudly Laughing out loudly Well, how did KQ do between Jul 2017 - Dec 2018?
And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018.

Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances

KQ ABP 4.26
Back to top
WWW
  |
VituVingiSana
#75 Posted : Saturday, April 07, 2018 9:31:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

Laughing out loudly Laughing out loudly Laughing out loudly Well, how did KQ do between Jul 2017 - Dec 2018?
And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018.

Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances

Good luck. I want KQ to succeed.

If I understood the restructuring, I&M now holds shares in KQ via KQLC and has loans to KQ. I hope these loans are paid off and the shares can be sold.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
obiero
#76 Posted : Saturday, April 07, 2018 9:29:54 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

Laughing out loudly Laughing out loudly Laughing out loudly Well, how did KQ do between Jul 2017 - Dec 2018?
And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018.

Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances

Good luck. I want KQ to succeed.

If I understood the restructuring, I&M now holds shares in KQ via KQLC and has loans to KQ. I hope these loans are paid off and the shares can be sold.

National Bank of Kenya, Co-operative Bank, CBA, NIC Bank, DTB KCB, I&M, Ecobank, JBB, Equity and Chase Bank, are collectively owed Sh26 billion by KQ, under KQLC representing 38% shareholding

KQ ABP 4.26
Back to top
WWW
  | | Edit by user: Saturday, April 07, 2018 10:13 PM | Reason: Not specified
VituVingiSana
#77 Posted : Sunday, April 08, 2018 6:16:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks

So it's still profitable unlike KQ?

Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1

Laughing out loudly Laughing out loudly Laughing out loudly Well, how did KQ do between Jul 2017 - Dec 2018?
And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018.

Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances

Good luck. I want KQ to succeed.

If I understood the restructuring, I&M now holds shares in KQ via KQLC and has loans to KQ. I hope these loans are paid off and the shares can be sold.

National Bank of Kenya, Co-operative Bank, CBA, NIC Bank, DTB KCB, I&M, Ecobank, JBB, Equity and Chase Bank, are collectively owed Sh26 billion by KQ, under KQLC representing 38% shareholding

Except for the debt to equity conversion [didn't JBB back out?], doesn't each bank still have outstanding loans to KQ?
Wasn't each bank expected to loan additional funds to KQ?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
obiero
#78 Posted : Wednesday, May 09, 2018 10:11:29 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
At 14.2% NPL being highest in tier 1 banks.. I am worried about I&M

KQ ABP 4.26
Back to top
WWW
  |
VituVingiSana
#79 Posted : Wednesday, May 09, 2018 2:53:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
At 14.2% NPL being highest in tier 1 banks.. I am worried about I&M
Laughing out loudly Laughing out loudly Laughing out loudly Do not be. I&M will be OK.

I think KQ might have been part of the problem. Prudence means a non-performing loan or a loan to a borrower in distress should be NPL'd.

Expect reversals of NPLs in 3Q 2018 as recoveries are made and loans restructured. I think there is a 6-month waiting period before the accounts can be reinstated as "performing" after they start performing.

NIC took a huge hit 2-3 years ago. Prudence. As recoveries happen these are reversed. The same with I&M...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Wednesday, May 09, 2018 2:56 PM | Reason: Not specified
Ericsson
#80 Posted : Thursday, May 10, 2018 8:35:15 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
At 14.2% NPL being highest in tier 1 banks.. I am worried about I&M


Most of it is loans to fellow Indian companies.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
19 Pages«<678910>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.