Horton wrote:Ericsson wrote:VituVingiSana wrote:Horton wrote:KulaRaha wrote:Word is KCB was "forced" to make a bid since no one wanted Imperial.
There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting
>>> Weren't many of IBL's large loans to shady firms and insiders.As it is KCB has deep pockets
>>> That's irrelevant. Why pay for garbage? @vvs always sees everything evil in what KCB does.
The good book will be taken by KCB while the bad one remains with KDIC
Investment shouldn’t be emotional @VVS
@ericsson has nothing better to do but look for conspiracies.
Again, I ask... what does KCB see in IBL?
What's the size of the "good" book that IBL has?
Why spend time/resources trying to buy a tiny (clean) book vs their current portfolio?
Deep pockets doesn't mean one should waste money. Think like Warren Buffett who has skin in the game.
An example is how the useless board of Unga justified the purchase of Ennsvalley from the Ndegwas.
Another is KQ's board and managers who pushed hedging and Project Mawingu.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett