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Potential merger NIC + CBA
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:murchr wrote:Horton wrote:Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement Does that mean NIC will be de-listed? Yes. Its more than likely considering trends of other Kenyatta family enterprise This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust. In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons The simplest explanations are usually correct. Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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obiero wrote:sparkly wrote:obiero wrote:murchr wrote:Horton wrote:Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement Does that mean NIC will be de-listed? Yes. Its more than likely considering trends of other Kenyatta family enterprise This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust. In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons Wacha kutudanganya @Obiero. I&M and Stanbic had not been listed before the merger. Only City Trust and CFC had been listed.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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mwekez@ji wrote:obiero wrote:sparkly wrote:obiero wrote:murchr wrote:Horton wrote:Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement Does that mean NIC will be de-listed? Yes. Its more than likely considering trends of other Kenyatta family enterprise This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust. In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons Wacha kutudanganya @Obiero. I&M and Stanbic had not been listed before the merger. Only City Trust and CFC had been listed. https://www.standardmedi...k-of-africa-merger-talksWork hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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cyruskulei wrote:mwekez@ji wrote:obiero wrote:sparkly wrote:obiero wrote:murchr wrote:[quote=Horton]Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement Does that mean NIC will be de-listed? Yes. Its more than likely considering trends of other Kenyatta family enterprise This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust. In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons Wacha kutudanganya @Obiero. I&M and Stanbic had not been listed before the merger. Only City Trust and CFC had been listed. https://www.standardmedi...-of-africa-merger-talks[/quote] Very welcome news indeed. Excellent opportunity to unlock the true value of NIC which lies somewhere between 60-75 per share. NIC is 11% of my portifolio ABP 29.6 Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:cyruskulei wrote:mwekez@ji wrote:obiero wrote:sparkly wrote:obiero wrote:murchr wrote:[quote=Horton]Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement Does that mean NIC will be de-listed? Yes. Its more than likely considering trends of other Kenyatta family enterprise This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust. In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons Wacha kutudanganya @Obiero. I&M and Stanbic had not been listed before the merger. Only City Trust and CFC had been listed. https://www.standardmedi...-of-africa-merger-talks[/quote] Very welcome news indeed. Excellent opportunity to unlock the true value of NIC which lies somewhere between 60-75 per share. NIC is 11% of my portifolio ABP 29.6 60-75? That's ambitious BUT #TukoPamoja if it gets there! Given the market and other banks PERs and PBs... 50/- is the max I think we can expect BUT I would love to be WRONG  and get 50+ @Sparkly #TukoPamoja in Stanbic or that's @Horton? This one is a 120/- at the minimum even with all the drama. I think the SAcans will probably want to go private eventually. I think they will creep up to 75% then try 90% and then delist. I they pay us a good price 120-150 [higher the better] so we can #AcceptAndMoveOn Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:cyruskulei wrote:mwekez@ji wrote:obiero wrote:sparkly wrote:obiero wrote:murchr wrote:[quote=Horton]Just received a PDF talking about a potential merger between CBA & NIC it’s like a press statement Does that mean NIC will be de-listed? Yes. Its more than likely considering trends of other Kenyatta family enterprise This is a reverse meeger. An easy way for CBA to become listed. Just like CFC-Stanbic and IM-City Trust. In those examples you mention, both partner firms were listed already before the merger.. Secondly, name only one Kenyatta family company which is at the NSE.. It's not by coincidence, but choice, for well known reasons Wacha kutudanganya @Obiero. I&M and Stanbic had not been listed before the merger. Only City Trust and CFC had been listed. https://www.standardmedi...-of-africa-merger-talks[/quote] Very welcome news indeed. Excellent opportunity to unlock the true value of NIC which lies somewhere between 60-75 per share. NIC is 11% of my portifolio ABP 29.6 60-75? That's ambitious BUT #TukoPamoja if it gets there! Given the market and other banks PERs and PBs... 50/- is the max I think we can expect BUT I would love to be WRONG and get 50+ @Sparkly #TukoPamoja in Stanbic or that's @Horton? This one is a 120/- at the minimum even with all the drama. I think the SAcans will probably want to go private eventually. I think they will creep up to 75% then try 90% and then delist. I they pay us a good price 120-150 [higher the better] so we can #AcceptAndMoveOn @VVS tuko pamoja. Here to make money. Life is short. Live passionately.
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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What is the combined ROE of the two companies
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Gadaffi wrote:What is the combined ROE of the two companies It will be known when they report their first results under a merged entity Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...7660-3hi091z/index.html
Going by that article CBA will own 2/3 of the combined entity Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/CBA-tipped-to-offer-1-3-shares-in-NIC-merger/3815534-4897660-3hi091z/index.html
Going by that article CBA will own 2/3 of the combined entity Most fair valuation is 3 NIC for 2 CBA shares. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/CBA-tipped-to-offer-1-3-shares-in-NIC-merger/3815534-4897660-3hi091z/index.html
Going by that article CBA will own 2/3 of the combined entity Most fair valuation is 3 NIC for 2 CBA shares. I am rooting for FY 3Q2018 BV but I will take a haircut on account of the NPLs that have been dogging NIC. I prefer cash to share in CBANIC but beggars can't be choosers! Faida ni faida. Wacha nikule na akina ma-Ndegwa! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/2/2018 Posts: 267
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VituVingiSana wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/CBA-tipped-to-offer-1-3-shares-in-NIC-merger/3815534-4897660-3hi091z/index.html
Going by that article CBA will own 2/3 of the combined entity Most fair valuation is 3 NIC for 2 CBA shares. I am rooting for FY 3Q2018 BV but I will take a haircut on account of the NPLs that have been dogging NIC. I prefer cash to share in CBANIC but beggars can't be choosers! Faida ni faida. Wacha nikule na akina ma-Ndegwa! They should indeed consider a cash option.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Nic bank caught again in Kaluworks debt default. CBA its getting clearer came to rescue NIC bank 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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=Horton]NIC BANK again 🤦🏽♂️🤦🏽♂️ https://www.standardmedi...isk-big-loss-at-deacons[/quote] Poor credit risk;the Moses Kuria might offer them a reprieve Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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We demand an update if it was not hot air "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 5/2/2018 Posts: 267
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mlennyma wrote:We demand an update if it was not hot air Agreed. It's now going to two months; an update should suffice...
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Rank: Member Joined: 1/1/2011 Posts: 396
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Superprime1 wrote:mlennyma wrote:We demand an update if it was not hot air Agreed. It's now going to two months; an update should suffice... It is for real. I swallow my earlier cynicism. Heavy lifting on post-merger integration already ongoing.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...4564-fk04jvz/index.html
Businesses owned by the wealthy Philip Ndegwa family took the biggest blow from the collapse of fashion retail chain Deacons East Africa, a report by the company’s administrators has revealed. The Ndegwas risk losing a total of Sh424 million that Deacons owed their companies -- NIC Bank (Sh387.5 million), The Junction Mall (Sh35.4 million), ICEA Lion General Insurance Company (Sh887,675) and real estate management firm Knight Frank (Sh219,625). Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:https://www.businessdailyafrica.com/news/Ndegwa-family-loses-half-a-billion-in-Deacons-fall/539546-4954564-fk04jvz/index.html
Businesses owned by the wealthy Philip Ndegwa family took the biggest blow from the collapse of fashion retail chain Deacons East Africa, a report by the company’s administrators has revealed.
The Ndegwas risk losing a total of Sh424 million that Deacons owed their companies -- NIC Bank (Sh387.5 million), The Junction Mall (Sh35.4 million), ICEA Lion General Insurance Company (Sh887,675) and real estate management firm Knight Frank (Sh219,625). The last 2 they should just write off, peanuts - comparatively. Will this bank survive in the long run without further capital injection? 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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