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KCB and NBK material announcement
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Ericsson
#181 Posted : Tuesday, August 20, 2019 5:23:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
The two counters on the radar of buying their shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#182 Posted : Thursday, August 22, 2019 12:26:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
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NBK shares no trading going on
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#183 Posted : Thursday, August 22, 2019 12:37:33 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#184 Posted : Thursday, August 22, 2019 12:44:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#185 Posted : Saturday, August 24, 2019 6:42:36 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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shocks
#186 Posted : Saturday, August 24, 2019 10:49:33 AM
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Joined: 3/15/2009
Posts: 359
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?
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obiero
#187 Posted : Saturday, August 24, 2019 11:15:33 AM
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Joined: 6/23/2009
Posts: 13,516
Location: nairobi
shocks wrote:
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?

Madness

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#188 Posted : Saturday, August 24, 2019 11:23:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
shocks wrote:
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?

Plus the drop when share price goes ex dividend.
5% dilution and 5% drop on ex dividend.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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whiteowl
#189 Posted : Saturday, August 24, 2019 5:15:41 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
shocks wrote:
Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?

Madness


Herd mentality.
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tandich
#190 Posted : Saturday, August 24, 2019 8:50:16 PM
Rank: Member


Joined: 5/6/2008
Posts: 199
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares
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obiero
#191 Posted : Saturday, August 24, 2019 8:54:52 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares

NSSF and treasury have stumbled onto a gold mine

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Angelica _ann
#192 Posted : Saturday, August 24, 2019 9:30:04 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
obiero wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares

NSSF and treasury have stumbled onto a gold mine


That was some serious dilution for the rest by Treasury and NSSF.
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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obiero
#193 Posted : Saturday, August 24, 2019 10:48:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Angelica _ann wrote:
obiero wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares

NSSF and treasury have stumbled onto a gold mine


That was some serious dilution for the rest by Treasury and NSSF.

I wonder how else those preference shares would have ever been realized. Minority NBK shareholders should thank their God

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#194 Posted : Sunday, August 25, 2019 5:28:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


Conversion to be done once approval of the acquisition has been achieved.
The shareholding to be used for approval is the one before conversion of preference shares.
Once they achieve the 75% it will be a two step process.
Convert the preference to ordinary then recalculate the shareholding.
Then swap with newly issued kcb shares

The subtotal on the existing number of shares column is what KCB needs for the acquisition to take place
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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 Report Abusive | Report SPAM | Edit by user: Sunday, August 25, 2019 5:33 PM | Reason: Not specified
Ericsson
#195 Posted : Monday, August 26, 2019 11:27:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#196 Posted : Monday, August 26, 2019 12:50:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation

Never will happen in a million years.. The bank was just about to dye in a few moments and the only available doctor has arrived at the bedside with recovery medicine!

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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VituVingiSana
#197 Posted : Monday, August 26, 2019 2:01:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation
If this deal dies then CBK should inform the shareholders of NBK that they have 3 months to recapitalize the bank failing which it goes under KDIC. KDIC can than sell the assets to whoever wants them. If anything is left over the shareholders can have it.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#198 Posted : Monday, August 26, 2019 2:11:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation
If this deal dies then CBK should inform the shareholders of NBK that they have 3 months to recapitalize the bank failing which it goes under KDIC. KDIC can than sell the assets to whoever wants them. If anything is left over the shareholders can have it.

4 days remain

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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watesh
#199 Posted : Monday, August 26, 2019 2:17:26 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation

A small bank run can be triggered and it collapses
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obiero
#200 Posted : Monday, August 26, 2019 2:25:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
watesh wrote:
Ericsson wrote:
tandich wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
NBK shares no trading going on

You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage

What is the performance rate so far?
KCB wamefikisha 75%?


All they need is Treasury & NSSF for just over 93%



Source: Shareholder Circular on conversation of preference shares to ordinary shares


What if NSSF demands higher valuation

A small bank run can be triggered and it collapses

The fact is that the current events are formalities. The deal is done and dusted

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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