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KCB and NBK material announcement
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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FUNKY wrote: BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS  The BoD & Mgmt are trying to protect their allowances! For political reasons, it might be harder for CBK to do what it should i.e. put NBK under KDIC. Ideally, CBK/KDIC should take over NBK and then sell the business at the best possible price to the highest bidder. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:FUNKY wrote: BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS The BoD & Mgmt are trying to protect their allowances! For political reasons, it might be harder for CBK to do what it should i.e. put NBK under KDIC. Ideally, CBK/KDIC should take over NBK and then sell the business at the best possible price to the highest bidder. As a current buyer of KCB , I would like to quote VVS now and say “ SELL, SELL, SELL” 😆😆😆
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Horton wrote:Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Is this verified? If so then we as KCB shareholders don’t want it,........... let it sink NKT 10/- for a shell then KCB gets to pump in a bunch of cash to keep it afloat If so,then the ratio changes from 1:10 to 1:6.226 Dilution on the KCB shareholders moves from 4.8% to 7.71%. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/6/2008 Posts: 199
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FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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tandich wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Someone should bottle whatever this board is consuming. Bonge la biashara Lol
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara Towards the goal of financial freedom
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara This could be pressure from some outside forces. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ebenyo wrote:tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara This could be pressure from some outside forces. Will turn to nought
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:Ebenyo wrote:tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara This could be pressure from some outside forces. Will turn to nought As long as Njoroge is part of this deal, hizi ni kelele za ovyo!!! 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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara This could be pressure from some outside forces. NSSF Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:Ebenyo wrote:tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara This could be pressure from some outside forces. NSSF Can never be NSSF.. It's a holder of both stocks and it knows the folly of letting the deal flop could cost it an arm and a leg
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion Who are the loud mouthed Board members? If Treasury and NSSF agreed to the valuation the rest is kelele ya chura. Life is short. Live passionately.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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NBK board just realized KCB bid is bad at this stage😆
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆 I see the NBK board got jokes
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Horton wrote:VituVingiSana wrote:FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆 I see the NBK board got jokes They want to keep the all-you-can-eat buffet open! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:Horton wrote:VituVingiSana wrote:FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆 I see the NBK board got jokes They want to keep the all-you-can-eat buffet open! https://kenyanwallstreet...nalized-by-25th-august/
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