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KCB and NBK material announcement
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obiero
#91 Posted : Saturday, June 15, 2019 8:04:29 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
Ericsson wrote:
Jon Jones wrote:
What percentage will the government+parastatals own in KCB after the deal??

28%

If you add KENRE holding in KCB it's more than 28%

KQ ABP 4.26
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Ericsson
#92 Posted : Saturday, June 15, 2019 8:58:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Jon Jones wrote:
What percentage will the government+parastatals own in KCB after the deal??

28%

If you add KENRE holding in KCB it's more than 28%

True
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#93 Posted : Saturday, June 15, 2019 9:00:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Post conversion of the preference shares to ordinary shares, KCB is buying NBK at a huge premium
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#94 Posted : Sunday, June 16, 2019 3:28:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,216
Location: nairobi
Ericsson wrote:
Post conversion of the preference shares to ordinary shares, KCB is buying NBK at a huge premium

Care to explain

KQ ABP 4.26
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Ericsson
#95 Posted : Sunday, June 16, 2019 7:01:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Post conversion of the preference shares to ordinary shares, KCB is buying NBK at a huge premium

Care to explain


NBK before conversion of preference shares had a mkt cap of about sh.1.5bn and profit for 2018 was sh.7mn
Post conversion of the preference shares if price remains the same means the mkt cap will be about sh.6.7bn.
The PE will be nearly 1000.
Half of the loan book of NBK is bad debts.
At the current price of KCB of 40(rounded off) and given the number of issued shares to NBK shareholders the value is about ksh.5 9bn and Price to Earnings ratio of nearly 850.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#96 Posted : Monday, June 17, 2019 4:15:57 PM
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Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
When are the preference shares been converted to ordinary shares?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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FUNKY
#97 Posted : Tuesday, June 18, 2019 10:31:13 PM
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Joined: 4/30/2010
Posts: 1,635
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bartum
#98 Posted : Wednesday, June 19, 2019 10:35:06 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
I will get KCB at 35
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xtina
#99 Posted : Wednesday, June 19, 2019 11:12:09 AM
Rank: Member

Joined: 6/26/2008
Posts: 399
bartum wrote:
I will get KCB at 35


i hope so. this job cuts issue will be messy.
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Ericsson
#100 Posted : Wednesday, June 19, 2019 12:07:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
bartum wrote:
I will get KCB at 35


Tuko pamoja
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