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KCB buy buy buy
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watesh
#1301 Posted : Thursday, November 26, 2020 3:31:21 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
KCB set to acquire Atlas Mara banking business in Rwanda and Tanzania


BPR looked like a good bank, I wonder why Equity didn't close on that one. Anyway, as long as KCB arent getting a shell of a bank.
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Ericsson
#1302 Posted : Thursday, November 26, 2020 4:17:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KCB will pay $32mn for the shares in the Rwanda bank and $8mn to fully acquire ABC Tanzania.
Once completed, it will double KCB market share in Rwanda and catapult it to the number 2 bank position from number 6.

The Tanzania acquisition will lift KCB into the top 10 from number 13 currently
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#1303 Posted : Friday, November 27, 2020 10:58:34 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Ericsson wrote:
KCB will pay $32mn for the shares in the Rwanda bank and $8mn to fully acquire ABC Tanzania.
Once completed, it will double KCB market share in Rwanda and catapult it to the number 2 bank position from number 6.

The Tanzania acquisition will lift KCB into the top 10 from number 13 currently


If all goes on well, that is (if KCB did their due diligence so as not to buy dead companies) then there is a long term value post covid to unlock in KCB.

KCB will hit the proverbial target of 60 bob in 2023.

They seem to be managing NBK acquisition very well.I actually thought
they bought a carcass,they proved me wrong .
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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obiero
#1304 Posted : Tuesday, December 01, 2020 6:17:05 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
young wrote:
Ericsson wrote:
KCB will pay $32mn for the shares in the Rwanda bank and $8mn to fully acquire ABC Tanzania.
Once completed, it will double KCB market share in Rwanda and catapult it to the number 2 bank position from number 6.

The Tanzania acquisition will lift KCB into the top 10 from number 13 currently


If all goes on well, that is (if KCB did their due diligence so as not to buy dead companies) then there is a long term value post covid to unlock in KCB.

KCB will hit the proverbial target of 60 bob in 2023.

They seem to be managing NBK acquisition very well.I actually thought
they bought a carcass,they proved me wrong .

DRC

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#1305 Posted : Tuesday, December 01, 2020 8:10:52 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
young wrote:
Ericsson wrote:
KCB will pay $32mn for the shares in the Rwanda bank and $8mn to fully acquire ABC Tanzania.
Once completed, it will double KCB market share in Rwanda and catapult it to the number 2 bank position from number 6.

The Tanzania acquisition will lift KCB into the top 10 from number 13 currently


If all goes on well, that is (if KCB did their due diligence so as not to buy dead companies) then there is a long term value post covid to unlock in KCB.

KCB will hit the proverbial target of 60 bob in 2023.

They seem to be managing NBK acquisition very well.I actually thought
they bought a carcass,they proved me wrong .

DRC


https://www.businessdail...ank-in-2-years--3214658

A suitor has been identified,talks ongoing.
It will be one of the following;

BIAC bank
Trust Merchant Bank
Solidaire Banque SA
Sofibanque
Advans Banque Congo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1306 Posted : Tuesday, December 08, 2020 8:35:31 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KCB is eyeing buyouts in DRC and Ethiopia.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1307 Posted : Thursday, January 14, 2021 9:35:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://youtu.be/2hEEm7RWOIY
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#1308 Posted : Friday, January 15, 2021 4:12:50 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
https://youtu.be/2hEEm7RWOIY



nbk has proved to be a good acquisition.
Towards the goal of financial freedom
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Ericsson
#1309 Posted : Saturday, January 16, 2021 8:18:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
https://youtu.be/2hEEm7RWOIY



nbk has proved to be a good acquisition.

Yes 2021 it will be completion of the acquisition of Banc ABC and BPR and results/proof to be seen in H2 2021 and 2022.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#1310 Posted : Saturday, January 16, 2021 9:54:24 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://youtu.be/2hEEm7RWOIY



nbk has proved to be a good acquisition.

Yes 2021 it will be completion of the acquisition of Banc ABC and BPR and results/proof to be seen in H2 2021 and 2022.


As long as due diligence is done in the right way.
Towards the goal of financial freedom
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Ericsson
#1311 Posted : Saturday, January 16, 2021 10:35:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://youtu.be/2hEEm7RWOIY



nbk has proved to be a good acquisition.

Yes 2021 it will be completion of the acquisition of Banc ABC and BPR and results/proof to be seen in H2 2021 and 2022.


As long as due diligence is done in the right way.

That was already done,now its regulatory approvals
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#1312 Posted : Monday, January 18, 2021 11:47:07 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
https://youtu.be/2hEEm7RWOIY



nbk has proved to be a good acquisition.

Yes 2021 it will be completion of the acquisition of Banc ABC and BPR and results/proof to be seen in H2 2021 and 2022.


As long as due diligence is done in the right way.

That was already done,now its regulatory approvals


If we get scrip dividends this year,that will be great instead of cash dividend because of covid 19.
Towards the goal of financial freedom
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Ericsson
#1313 Posted : Thursday, January 21, 2021 10:24:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
In the period October 1st to December 31 2020 NSSF increased it's stake in KCB from 7.73% to 7.99%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tandich
#1314 Posted : Friday, January 22, 2021 2:05:52 AM
Rank: Member


Joined: 5/6/2008
Posts: 199
Ericsson wrote:
In the period October 1st to December 32 2020 NSSF increased it's stake in KCB from 7.73% to 7.99%


You might want to check that ending date
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Ericsson
#1315 Posted : Friday, January 22, 2021 8:41:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
tandich wrote:
Ericsson wrote:
In the period October 1st to December 32 2020 NSSF increased it's stake in KCB from 7.73% to 7.99%


You might want to check that ending date

Corrected
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#1316 Posted : Friday, January 22, 2021 9:10:51 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
In the period October 1st to December 31 2020 NSSF increased it's stake in KCB from 7.73% to 7.99%




They trust kcb to continue giving them dividends
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Ericsson
#1317 Posted : Friday, January 22, 2021 10:26:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
In the period October 1st to December 31 2020 NSSF increased it's stake in KCB from 7.73% to 7.99%




They trust kcb to continue giving them dividends

And who is also their principal and sole banker
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Extraterrestrial
#1318 Posted : Friday, January 22, 2021 12:55:48 PM
Rank: Member


Joined: 11/17/2018
Posts: 173
Location: Mars
NSSF is always a bullish signal. Inside information is a must I venture.
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VituVingiSana
#1319 Posted : Friday, January 22, 2021 9:24:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Extraterrestrial wrote:
NSSF is always a bullish signal. Inside information is a must I venture.
Really?
NSSF owned NBK too! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#1320 Posted : Sunday, January 24, 2021 8:38:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Extraterrestrial wrote:
NSSF is always a bullish signal. Inside information is a must I venture.


They have accumulated Safaricom shares too
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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