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Drop in KCB ord. Share price
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muganda
#11 Posted : Monday, July 19, 2010 11:27:06 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Hmmn Wazuans, smile rabble rousers indeed.
Read the findings with keen interest. I must admit it's not the best picture that only Sunil N. Shah has a notable stake.

Also interesting to note in AlyKhan Satchu's report on the share, that they lost a Very Big Bank Deposit [30b] through 2009 I think that was GOSS.

But at the end of the day, RIGHTS ISSUE may very well succeed. Kenyan Institutional Investors own 63% and they are the deciders.

KCB Rights Information Memorandum


Took a moment to go through the interview with KCB CEO. Realised it's easy to throw stones. But you've got to acknowledge you just can't brush off the deliberately spoken Dr. Martin Oduor-Otieno, chairman of the Kenya Bankers Association and alumnus of Harvard Business School Advanced Management Program.

CEO Interview
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VituVingiSana
#12 Posted : Monday, July 19, 2010 11:38:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@muganda - Puhleeze... The best managers needs not be from Harvard. BTW, Adan Mohamed went to Harvard for his MBA. The HB AMP is not an MBA. Even you & I can go for it.

Warren Buffett was 'rejected' by Harvard... LOL...

Anyway, MOO's interests are NOT in line with mine. I have re-thought it & I am probably NOT going to exercise the Rights.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#13 Posted : Monday, July 19, 2010 11:54:30 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
VituVingiSana wrote:
@muganda - Puhleeze... The best managers needs not be from Harvard.


On that, we agree, and agree again and again - that was not my point! When I listen to the man however...
I see as 53 year old man I must respect,
a deliberate measured man with a vision,
a man who's been on a journey, the journey of life.

So as I said, difficult to brush off. But heck, I sold my shares and the rights to buy SCBK, and I would still do it again smile
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VituVingiSana
#14 Posted : Tuesday, July 20, 2010 12:13:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@muganda - I am a Warren Buffett fan who says that Management & Shareholders should have similar goals for the firm...

He puts his money where his mouth is... He is BH's largest shareholder (plus all the shares he gave away to charity)...

MOO may talk the walk but when I see the progress made since Terry Davidson left... I see a KCB that has lagged most other banks...

I had bought into the prior Rights & saw nothing but losses... KCB keeps on having scams after scams after scams...

I was comparing growth (ROE) for the top 10 banks including the 'private' banks over past 5 years & KCB is at the bottom!

Equity is #1, Barclays has done well, SCBK has done very well. Even NBK has sort of done better than KCB.
NIC & DTBK are doing great! The ROE on their Rights Issue started off slow but it is growing rapidly.
Some smaller 'private' banks are doing much better than KCB including Prime Bank + I&M Bank. CBA & Citibank are phenomenal cash machines! Huge ROEs.

CFC-Stanbic post-merger seems to be a laggard.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#15 Posted : Tuesday, July 20, 2010 12:30:46 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
with that mere 17% half year PAT,KCB will become a forgotten story once James Mwangi's EQUITY reports a 50-60% PAT...

@the deal you're forgetting the fact that equity's share price has already priced in this 50-60% increase.... Guys should've got in at 16bob before q1 results
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#16 Posted : Tuesday, July 20, 2010 3:46:13 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru, if one is going long term, you can get in because in 5 years this share will give stratospheric returns
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#17 Posted : Tuesday, July 20, 2010 3:50:04 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
I was comparing growth (ROE) for the top 10 banks including the 'private' banks over past 5 years & KCB is at the bottom!
Equity is #1

obiero, umeskia hiyo?
GOD BLESS YOUR LIFE
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Mine@
#18 Posted : Tuesday, July 20, 2010 9:29:38 AM
Rank: New-farer

Joined: 7/1/2010
Posts: 16
Location: Kenya.nai
So do we buy out now or jst go down n up again?....vvs n u-cnt-stp-us-nw wats ur advise to childrn like me?
Shillings dnt hv sex bt the multiply n divide dependin on their enviroment.
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kyt
#19 Posted : Tuesday, July 20, 2010 9:35:46 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
kcb is still going down.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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