Wazua
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KCB 2018 and Beyond
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Anyone know when Q3 will be announced?
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Horton wrote:Anyone know when Q3 will be announced? T+1
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Horton wrote:Anyone know when Q3 will be announced? T+1 That is tomorrow Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/1/2011 Posts: 396
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VituVingiSana wrote:mlennyma wrote:[quote=Ericsson]https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land
The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).
During moi era kcb almost died,i see a repeat if the second occupies the top slot Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about? https://kenyainsights.co...nvolvement-in-the-saga/[/quote] Horribly-titled article. KCB is not panicking about money laundry. They are seeking to protect their security interest in a loan advanced to Weston.
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Rank: Member Joined: 1/1/2011 Posts: 396
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VituVingiSana wrote:mlennyma wrote:[quote=Ericsson]https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land
The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).
During moi era kcb almost died,i see a repeat if the second occupies the top slot Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about? https://kenyainsights.co...nvolvement-in-the-saga/[/quote] Horribly-titled article. KCB is not panicking about money laundry. They are seeking to protect their security interest in a loan advanced to Weston.
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Rank: Member Joined: 1/1/2011 Posts: 396
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VituVingiSana wrote:mlennyma wrote:[quote=Ericsson]https://www.standardmedia.co.ke/article/2001299329/dp-ruto-fights-agency-on-weston-hotel-land
The hotel, according to a valuation report by Zenith (Management) Valuers Ltd, was valued at Sh300 million in May this year and had been charged to a bank for Sh1.2 billion. On December 7, 2011, Ruto charged the property for Sh100 million, which was discharged on October 8, 2014. Ruto and Rachel signed the charge documents on December 8, 2011 as directors of Weston. Ruto then charged the property to Kenya Commercial Bank for a Sh350 million and $1.5 million (about Sh150 million) facility on June 30, 2014. This charge was signed by Rachael and Charlene. On July 8, 2015, Weston took a further charge of Sh700 million which was signed by Rachael and Charlene before lawyer Nancy W. Gitau. This took the total charge at KCB to Sh1.2 billion. All the charges were prepared by the law firm of Hamilton, Harris and Mathews (HH&M).
During moi era kcb almost died,i see a repeat if the second occupies the top slot Well, I wonder if the CEO who made 350mn+ OK'd this transaction. Or that write-off is for the next CEO to worry about? https://kenyainsights.co...nvolvement-in-the-saga/[/quote] Poorly-titled article. KCB is simply seeking to protect the sexurity against which they advanved a loan in good faith. There is no indication of money laundering.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Horton wrote:Anyone know when Q3 will be announced? After COB on 14th November(Source:Kestrel Capital)
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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mwekez@ji wrote:Horton wrote:Anyone know when Q3 will be announced? After COB on 14th November(Source:Kestrel Capital) Nothing good to look into; The market is on a bear run so the results will have no impact on share price. There will be no announcement of a dividend. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:mwekez@ji wrote:Horton wrote:Anyone know when Q3 will be announced? After COB on 14th November(Source:Kestrel Capital) Nothing good to look into; The market is on a bear run so the results will have no impact on share price. There will be no announcement of a dividend. That’s ok just curious. Still buying these so don’t really want any price changing announcement.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Horton wrote:Ericsson wrote:mwekez@ji wrote:Horton wrote:Anyone know when Q3 will be announced? After COB on 14th November(Source:Kestrel Capital) Nothing good to look into; The market is on a bear run so the results will have no impact on share price. There will be no announcement of a dividend. That’s ok just curious. Still buying these so don’t really want any price changing announcement. whats your current ABP? Towards the goal of financial freedom
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