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KCB 2018 and Beyond
Rank: Elder Joined: 3/29/2011 Posts: 2,242
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Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya. Sheikh Munir legacy loans...the loan was owned by Equity Bank, non perfoming...came Sheikh Munir CEO of NBK,,,bought the over 4B loan and it remained non performing KCB are ruthless,next will be PCEA who defaulted on an NBK loan. Looks like the PCEA and NBK have reached an agreement. NBK is selling portion of the land directly to the public in Ruiru and has left the rest to PCEA. This looks more amicable than the court battle. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Gathige wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:Kenya Red Cross (KRC) run Boma Hotels has been placed under receivership after failing to repay loans owed to National Bank of Kenya. Sheikh Munir legacy loans...the loan was owned by Equity Bank, non perfoming...came Sheikh Munir CEO of NBK,,,bought the over 4B loan and it remained non performing KCB are ruthless,next will be PCEA who defaulted on an NBK loan. Looks like the PCEA and NBK have reached an agreement. NBK is selling portion of the land directly to the public in Ruiru and has left the rest to PCEA. This looks more amicable than the court battle. 41.5% YTD share price appreciation Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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https://www.businessdail...92324-m92y60/index.html
KCB Group has joined the fight over the ownership of the land hosting Weston Hotel in Nairobi on grounds that the lender gave the Sh1.2 billion loan used to build the facility associated with Deputy President William Ruto. The bank is now locked in a court battle where the Kenya Civil Aviation Authority (KCAA) is claiming ownership of the land and wants the hotel demolished and the property handed back to it. The bank argues that it risks losing the Sh1.2 billion plus interest on loan if the court grants the aviation regulator its wish since the title property was used as security for the loan. “At the time of registration, the interested party (KCB) did a due diligence and fulfilled all prerequisites to registration of the charge in land as required by law,” the bank said in documents filed in court. In the application filed before the Environment and Land Court, KCB said that it had done due diligence and confirmed that Weston Hotel was the registered proprietor of the land before advancing more than Sh1.2 billion to the hotel four years ago. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:https://www.businessdailyafrica.com/news/KCB-discloses-Sh1-2bn-loan-in-Weston-Hotel/539546-5392324-m92y60/index.html
KCB Group has joined the fight over the ownership of the land hosting Weston Hotel in Nairobi on grounds that the lender gave the Sh1.2 billion loan used to build the facility associated with Deputy President William Ruto.
The bank is now locked in a court battle where the Kenya Civil Aviation Authority (KCAA) is claiming ownership of the land and wants the hotel demolished and the property handed back to it.
The bank argues that it risks losing the Sh1.2 billion plus interest on loan if the court grants the aviation regulator its wish since the title property was used as security for the loan.
“At the time of registration, the interested party (KCB) did a due diligence and fulfilled all prerequisites to registration of the charge in land as required by law,” the bank said in documents filed in court.
In the application filed before the Environment and Land Court, KCB said that it had done due diligence and confirmed that Weston Hotel was the registered proprietor of the land before advancing more than Sh1.2 billion to the hotel four years ago. we wonder if this loan will be paid when the guy becomes president in 2022. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ebenyo wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/KCB-discloses-Sh1-2bn-loan-in-Weston-Hotel/539546-5392324-m92y60/index.html
KCB Group has joined the fight over the ownership of the land hosting Weston Hotel in Nairobi on grounds that the lender gave the Sh1.2 billion loan used to build the facility associated with Deputy President William Ruto.
The bank is now locked in a court battle where the Kenya Civil Aviation Authority (KCAA) is claiming ownership of the land and wants the hotel demolished and the property handed back to it.
The bank argues that it risks losing the Sh1.2 billion plus interest on loan if the court grants the aviation regulator its wish since the title property was used as security for the loan.
“At the time of registration, the interested party (KCB) did a due diligence and fulfilled all prerequisites to registration of the charge in land as required by law,” the bank said in documents filed in court.
In the application filed before the Environment and Land Court, KCB said that it had done due diligence and confirmed that Weston Hotel was the registered proprietor of the land before advancing more than Sh1.2 billion to the hotel four years ago. we wonder if this loan will be paid when the guy becomes president in 2022. It will be sorted out whether "forgiven" or paid off by other means. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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https://www.nation.co.ke...96552-cxddexz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:https://www.nation.co.ke/news/Collapse-of-firm-in-Bura-project-sinks-taxpayers-cash/1056-5396552-cxddexz/index.html Tomorrow kcb will trade at below 53.25 Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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https://www.businessdail...08830-8vv52p/index.html
KCB Group has provided new capital of undisclosed amount to its newly acquired subsidiary National Bank of Kenya (NBK) which had suffered capital shortfalls for years. The country’s biggest bank says NBK is now well capitalised, with the new funds provided towards the end of last year. “We provided the funds last week. NBK is now compliant in terms of capital,” said Lawrence Kimathi, KCB’s chief financial officer. He declined to reveal the size of the capital injection, saying it will soon become public. KCB had initially estimated a capital injection of up to Sh7.5 billion, with the actual figure pegged on the success level of NBK bad debt recovery. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/KCB-wires-new-funds-into-National-Bank/4003102-5408830-8vv52p/index.html
KCB Group has provided new capital of undisclosed amount to its newly acquired subsidiary National Bank of Kenya (NBK) which had suffered capital shortfalls for years.
The country’s biggest bank says NBK is now well capitalised, with the new funds provided towards the end of last year.
“We provided the funds last week. NBK is now compliant in terms of capital,” said Lawrence Kimathi, KCB’s chief financial officer. He declined to reveal the size of the capital injection, saying it will soon become public.
KCB had initially estimated a capital injection of up to Sh7.5 billion, with the actual figure pegged on the success level of NBK bad debt recovery. https://www.businessdail...1794-pq9ubgz/index.html
KCB Group has injected Sh5 billion in its newly acquired subsidiary National Bank of Kenya (NBK) enabling it to comply with capital requirements after suffering shortfalls for years. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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https://pbs.twimg.com/me...ormat=jpg&name=largeWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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Cytonn have given KCB a price target of 64 while Genghis 73 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Ericsson wrote:Cytonn have given KCB a price target of 64 while Genghis 73 and me 100 before 2022 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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mlennyma wrote:Ericsson wrote:Cytonn have given KCB a price target of 64 while Genghis 73 and me 100 before 2022 KCB current nav per share is 38.10 My own abp is 38.20. So you guys are just thrilled at increasing numbers while I'm waiting at decreasing numbers. Towards the goal of financial freedom
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Rank: Member Joined: 7/1/2009 Posts: 256
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Ebenyo wrote:mlennyma wrote:Ericsson wrote:Cytonn have given KCB a price target of 64 while Genghis 73 and me 100 before 2022 KCB current nav per share is 38.10 My own abp is 38.20. So you guys are just thrilled at increasing numbers while I'm waiting at decreasing numbers. Looks like its coming down. My own apb is 29 Waiting for it at lower prices too
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Monk wrote:Ebenyo wrote:mlennyma wrote:Ericsson wrote:Cytonn have given KCB a price target of 64 while Genghis 73 and me 100 before 2022 KCB current nav per share is 38.10 My own abp is 38.20. So you guys are just thrilled at increasing numbers while I'm waiting at decreasing numbers. Looks like its coming down. My own apb is 29 Waiting for it at lower prices too  will be glad to lower my abp.Kcb has done me good for four years now.Last year my dividend yield was 8% Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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NBK has a 3.5% stake in Industrial Development Bank (IDB. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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KCB to report 2020 Q1 results on Tuesday May 19 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:KCB to report 2020 Q1 results on Tuesday May 19 Should be good/predictable . Problem would be Q2
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Horton wrote:Ericsson wrote:KCB to report 2020 Q1 results on Tuesday May 19 Should be good/predictable . Problem would be Q2 Going by Cfcstanbic results which are already out, they are likely to be bad or starting to show badness   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: 6/23/2009 Posts: 13,497 Location: nairobi
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Angelica _ann wrote:Horton wrote:Ericsson wrote:KCB to report 2020 Q1 results on Tuesday May 19 Should be good/predictable . Problem would be Q2 Going by Cfcstanbic results which are already out, they are likely to be bad or starting to show badness You will be surprised
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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