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KCB and NBK material announcement
tandich
#171 Posted : Wednesday, August 07, 2019 5:46:47 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?
Ericsson
#172 Posted : Wednesday, August 07, 2019 7:41:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#173 Posted : Thursday, August 08, 2019 12:31:02 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).
Ericsson
#174 Posted : Thursday, August 08, 2019 7:43:58 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Horton wrote:
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).

A plunge in the two share prices today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#175 Posted : Thursday, August 08, 2019 7:48:28 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Horton wrote:
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).

Will the NBK preference shares converted to ordinary be available for trading at the NSE
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#176 Posted : Thursday, August 08, 2019 9:12:42 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
Horton wrote:
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).

A plunge in the two share prices today


Plunge is a strong word. Maybe for NBK.

I hope KCB plunges too but doubt it
VituVingiSana
#177 Posted : Thursday, August 08, 2019 9:13:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Funny! https://twitter.com/Sang...1159342981662617600?s=20
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#178 Posted : Thursday, August 08, 2019 10:43:07 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Heavy selling on KCB but bidders are quoting lower prices
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mwekez@ji
#179 Posted : Friday, August 09, 2019 7:22:28 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
FUNKY
#180 Posted : Saturday, August 10, 2019 9:13:55 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
25 Pages«<1617181920>»
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