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KCB Rights
Rank: Member Joined: 8/14/2009 Posts: 244
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@maichbleck. It will be a one day scrample. Your order may never get executed. The share will not hold at 15/= for more than a day. The post rights NAV is 12/=. What does that tell you?
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Rank: Member Joined: 4/6/2007 Posts: 31
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@stock.enigma
then buy at 16/= either that day or next and you will still be o.k
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Rank: Member Joined: 8/14/2009 Posts: 244
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Bangkok wrote:@stock.enigma
then buy at 16/= either that day or next and you will still be o.k You do not need to just be better off. It must be significant financial welfare. At 16/=, add transaction cost. It is not significantly different from 17/= cost included. You might be unlucky to pick lots of 100 shares wich will raise transaction cost by some margin. My bottom line is, it makes no sense to skip the rights (if you are already in) for you to gamble x-rights. Pls read my post above about the information memorandum that was released by KCB on this offer.
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Rank: Member Joined: 8/14/2009 Posts: 244
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According Warren Buffet, an investor has to view buying a stock as buying a piece of that company. At 17/= you are buying a company with a branch network of 210. 1/= for 12 branches. It is not a joke.
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Enigmatic one- but the branch could be loss-making which I understand KCB has many of... The Governor of Nyeri - 2017
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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the number of loss making branches in kcb are lesr than 15. tha am sure. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Member Joined: 8/14/2009 Posts: 244
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So far, KCB is the only fully integrated EAC bank. Each of the 210 branches, from Rumbek, Arua, Lokichogio, to Zanzibar, and the existensive network of ATMs are all running on one platform. Today, EAC becomes a fully integrated customs union. Businessmen in EA have access to their accounts through 210 branches. Which is the bank of choice in EAC?
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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stock.enigma wrote:So far, KCB is the only fully integrated EAC bank. Each of the 210 branches, from Rumbek, Arua, Lokichogio, to Zanzibar, and the existensive network of ATMs are all running on one platform. Today, EAC becomes a fully integrated customs union. Businessmen in EA have access to their accounts through 210 branches. Which is the bank of choice in EAC? The one that provides the BEST service... Is that KCB? I have used DTB (K) & DTB (U)... they are very good... Also found in Tanzania... I am not sure about Burundi or Rwanda but coming soon I am sure... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/9/2008 Posts: 537
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kyt wrote:the number of loss making branches in kcb are lesr than 15. tha am sure. this is false...all kcb subsidiaries bar south sudan are loss making so technically the number is inxs of 15....hey about south sudan i here the Bank of southern sudan is set to control their currency thus kcb's super normal profits from fx trading is in serious jeopardy...methinks kcb sudan will soon join the subsidiaries in the red bandwagon
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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KCB Rights make their debut in the NSE.
First trades:
Time Price Quantity Board
11:22 1.05 7,000 NORMAL
11:18 1.05 14,200 NORMAL
With clear demand springing for both the share and rights issue...
Demand_______________________Supply
› KCB 1,008,000...18.60_______18.65...327,800
› KCB-R 1,423,800...1.05________1.65...239,000
Can man really foretell the future!
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Rank: New-farer Joined: 4/26/2010 Posts: 71 Location: Thika/Nairobi
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I think the following data will give a great answer to this Pre-Tax Profit: Barclays 4,295 million shillings [$64 million], KCB 3,394, Equity 2,997, Standard Chartered 2,321, Citibank 1,694, Cooperative 1,664, National Bank of Kenya 902, Commercial Bank of Africa 847, Investment & Mortgages 767, CFCStanbic 698 [$10.4 million] 12 month profit change : Ecobank 633% (to Kshs. 66m), Family 290%, Equity 189%, Bank Africa 105%, Prime 98%, Giro 86%, Dubai 85%, KCB 77%, Guardian 76%, Citibank 75% then Consolidated, Cooperative, NBK, Credit, I&M  http://echoproperties.kbo.co.ke
Echo estate management Limited
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Rank: Member Joined: 1/9/2008 Posts: 537
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ECHOKENYA wrote:I think the following data will give a great answer to this Pre-Tax Profit: Barclays 4,295 million shillings [$64 million], KCB 3,394, Equity 2,997, Standard Chartered 2,321, Citibank 1,694, Cooperative 1,664, National Bank of Kenya 902, Commercial Bank of Africa 847, Investment & Mortgages 767, CFCStanbic 698 [$10.4 million] 12 month profit change : Ecobank 633% (to Kshs. 66m), Family 290%, Equity 189%, Bank Africa 105%, Prime 98%, Giro 86%, Dubai 85%, KCB 77%, Guardian 76%, Citibank 75% then Consolidated, Cooperative, NBK, Credit, I&M ...im sorry mate i dont get ur point
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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muganda wrote:KCB Rights make their debut in the NSE.
First trades:
Time Price Quantity Board
11:22 1.05 7,000 NORMAL
11:18 1.05 14,200 NORMAL
With clear demand springing for both the share and rights issue...
Demand_______________________Supply
› KCB 1,008,000...18.60_______18.65...327,800
› KCB-R 1,423,800...1.05________1.65...239,000
Can man really foretell the future!
too early to draw conclusions...
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Are they cheap? Ksh 1.00 African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 6/23/2009 Posts: 13,555 Location: nairobi
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where do people like kularaha get their info. both rights issues by kcb were oversubcribed, with the last one bagging eight billion against a target of five.. i will buy anyone, who is willing to bet, a full crate, if this one does not get oversubscribed..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 7/1/2010 Posts: 16 Location: Kenya.nai
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Sober its aint cheap...some of the share holders may nt take up the rights issue stock so the opt to sell them at a premium at the NSE now the ksh1.00 is the premium over n above the rights value...the premium may increase with tym... Shillings dnt hv sex bt the multiply n divide dependin on their enviroment.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Hehehe @mine@ welcome to wazua...@least @sober is now sober...premium(your capital gain)=current price-rights price....based on todays trading @mine@ do u think the rights will be oversubscribed?
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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By the way is the govt selling it's rights too?
BBI will solve it :)
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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2012 wrote:By the way is the govt selling it's rights too? They did so last time around so I expect the same... I believe you will see a 'foreign' bank or fund like Helios take a position in KCB... This is an 'easy' way for a huge fund or chinese bank to take a significant stake in KCB... Just buy the Rights! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Sober wrote:Are they cheap? Ksh 1.00 for one to pay a premium of >ksh1 for a right..is actually buying a KCB share at Kshs18.00...compared to the current price of Kshs18.65 a share that trading for normal share ex rights.. Now, over 9Hundred Thousand rights were traded yesterday... at Kshs 18 (right price plus premium, excluding commission)..am just wondering..those who are buying rights on the market now at a premium..are they so CONVINCED that the KCB share will NOT go lower once their rights are in the cds accounts at end of July? What is the wisdom behind spending a shilling less by buying the trading rights and having to wait the whole month before registrar deposits them under your name..and cds for you to trade..next month..with all uncertainty about market price direction..instead of just buy the ex right share at 18.65 now?? are we so engrossed in dreams n hopes such that we gamble on future than the logical thing to do? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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