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Potential merger NIC + CBA
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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NIC is part of the Wezesha Consortium. As is CBA. The merger is beginning to make sense. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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https://www.businessdailyafrica....065016-b3sv44/index.htmlWho has received the quoted circular? The merged entity expected to list in July¿
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Circular to shareholders ... Merged entity expected to list on 17th July 2019 ... Sooner than i thought  https://www.nicgroup.com/wp-cont...up-PLC-Circular-2019.pdf
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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VituVingiSana wrote: I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value. I have learned today the full meaning of NIC - National Industrial Credit. Now I know Work 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: 12/4/2009 Posts: 10,684 Location: NAIROBI
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cyruskulei wrote:VituVingiSana wrote: I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value. I have learned today the full meaning of NIC - National Industrial Credit. Now I know  Ghosh Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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cyruskulei wrote:VituVingiSana wrote: I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value. I have learned today the full meaning of NIC - National Industrial Credit. Now I know Okay. Now, how about finding out what CBA stands for.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Coop bank will soon overtake them in terms of asset base 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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Reverse merger confirmed: 1. Banking business of NIC will be moved to CBA; 2. Some directors of NIC will resign; 3. The new combined entity wil be renamed. Directors of combined entity to have full discretion in the name. Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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aemathenge wrote:cyruskulei wrote:VituVingiSana wrote: I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value. I have learned today the full meaning of NIC - National Industrial Credit. Now I know Okay. Now, how about finding out what CBA stands for. Commercial Bank of Africa Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:aemathenge wrote:cyruskulei wrote:VituVingiSana wrote: I hope they can get a Strategic Investor [not the Kenyattas or Ndegwas] who can pump in money for regional expansion + expertise. This would also provide us with a better idea as to intrinsic value. I have learned today the full meaning of NIC - National Industrial Credit. Now I know Okay. Now, how about finding out what CBA stands for. Commercial Bank of Africa Come Back Again Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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overall,in this merger,it's NIC which has benefited more than CBA. Towards the goal of financial freedom
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit?
BBI will solve it :)
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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2012 wrote:Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit? NIC were dying. They were picked up from the streets and are now on life support
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:2012 wrote:Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit? NIC were dying. They were picked up from the streets and are now on life support For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:obiero wrote:2012 wrote:Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit? NIC were dying. They were picked up from the streets and are now on life support For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. At your age, you should be ashamed of such trolling
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:2012 wrote:Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit? NIC were dying. They were picked up from the streets and are now on life support For FY 2017, the dividend from ONE share of NIC was greater than the total profits KQ made from 2012-2019. At your age, you should be ashamed of such trolling BTW, there's also a proposed dividend from NIC for FY 2018. #Winning Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:2012 wrote:Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit? NIC were dying. They were picked up from the streets and are now on life support The Npls were beginning to take toll on them.But now they are okey.Its about Mondo wa nyuba rescue. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:obiero wrote:2012 wrote:Ebenyo wrote:overall,in this merger,it's NIC which has benefited more than CBA. How exactly will NIC benefit? NIC were dying. They were picked up from the streets and are now on life support The Npls were beginning to take toll on them.But now they are okey.Its about Mondo wa nyuba rescue. NIC was doing well. Mondo passed rate cap Bill. NIC struggled, valuation fell. Mondo came to the rescue with a price of 43. Offer accepted, all is well. Having entered after rate cap with With ABP of 29.6, I don't mind the state of affairs. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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NIC is also involved in the TSS mess as a lender. https://www.businessdail...2950-4sfe1kz/index.html
It will be a slow grind but hopefully the lenders can auction the assets of TSS and make some recoveries. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Potential merger NIC + CBA
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