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KCB 2018 and Beyond
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Ericsson
#651 Posted : Friday, September 23, 2022 10:13:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?

Ksh.39 is the floor.not going lower than that
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#652 Posted : Friday, September 23, 2022 11:16:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?

Ksh.39 is the floor.not going lower than that

Never say never.

Not so long ago some of those laughed at prices of many shares dropping below "floors" and these floors kept on dropping lower!

Centum is less than 10/- (from 40s)
ABSA dropped below 9/-
CARB had dropped to 9/-
SAF had dropped to 23/- (from 40)
BAT
JUB
EABL

And so many more examples.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#653 Posted : Sunday, September 25, 2022 6:52:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


One more acquisition to go in Ethiopia then consolidation begins.
The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Sunday, September 25, 2022 6:53 AM | Reason: Not specified
obiero
#654 Posted : Sunday, September 25, 2022 6:57:27 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


One more acquisition to go in Ethiopia then consolidation begins.
The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up

True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout

KQ ABP 4.26
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My 2 cents
#655 Posted : Sunday, September 25, 2022 8:38:39 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


One more acquisition to go in Ethiopia then consolidation begins.
The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up

True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout


Don't you think they will revisit Tanzania? The last attempt having failed?

What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism?
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obiero
#656 Posted : Sunday, September 25, 2022 3:26:48 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


One more acquisition to go in Ethiopia then consolidation begins.
The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up

True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout


Don't you think they will revisit Tanzania? The last attempt having failed?

What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism?

Most governments across the world aren't keen on running banks, actually some governments across EA are the ones giving up ownership stakes to the takeovers

KQ ABP 4.26
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My 2 cents
#657 Posted : Tuesday, September 27, 2022 7:42:23 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
obiero wrote:
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


One more acquisition to go in Ethiopia then consolidation begins.
The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up

True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout


Don't you think they will revisit Tanzania? The last attempt having failed?

What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism?

Most governments across the world aren't keen on running banks, actually some governments across EA are the ones giving up ownership stakes to the takeovers


By nationalism I did not mean governments taking over the banks. I meant citizens preferring to deal with their own local banks.

In other news, Ethiopia caps foreign ownership of local banks to 30%

https://kenyanwallstreet...holding-in-banks-at-30/
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  | | Edit by user: Tuesday, September 27, 2022 7:52 AM | Reason: Not specified
Ericsson
#658 Posted : Tuesday, September 27, 2022 10:12:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
obiero wrote:
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


One more acquisition to go in Ethiopia then consolidation begins.
The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up

True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout


Don't you think they will revisit Tanzania? The last attempt having failed?

What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism?

Most governments across the world aren't keen on running banks, actually some governments across EA are the ones giving up ownership stakes to the takeovers


By nationalism I did not mean governments taking over the banks. I meant citizens preferring to deal with their own local banks.

In other news, Ethiopia caps foreign ownership of local banks to 30%

https://kenyanwallstreet...holding-in-banks-at-30/


Better start a greenfield operation then later on when acquisition ceiling is raised to 80-100% make an acquisition
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#659 Posted : Wednesday, September 28, 2022 8:19:34 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Let me leave this here

KQ ABP 4.26
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cyruskulei
#660 Posted : Wednesday, September 28, 2022 1:11:30 PM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
obiero wrote:
Let me leave this here



Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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