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Drop in KCB ord. Share price
Mine@
#1 Posted : Monday, July 19, 2010 4:46:10 PM
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Joined: 7/1/2010
Posts: 16
Location: Kenya.nai
Do u think due to the rights issue n its 21% discount wil cause some dilution to lower the current price 4 sm tym?
Shillings dnt hv sex bt the multiply n divide dependin on their enviroment.
wanyina
#2 Posted : Monday, July 19, 2010 5:05:30 PM
Rank: Member


Joined: 4/1/2008
Posts: 141
Im timing for price decrease after all the more shares will float at the market.. and look at the price now its going down and yet the government may sell the rest they have..well its just an opinion...
youcan'tstopusnow
#3 Posted : Monday, July 19, 2010 5:48:03 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
deal, are you still optimistic on it hitting 15 bob?
GOD BLESS YOUR LIFE
VituVingiSana
#4 Posted : Monday, July 19, 2010 6:36:17 PM
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Joined: 1/3/2007
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Location: Nairobi
An interesting tidbit.

martin oduor-otieno SOLD all his KCB shares. So this jamaa who makes 7 figures (68mn/year) does NOT want to take the same risk buying KCB shares as us!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
qw25041985
#5 Posted : Monday, July 19, 2010 6:40:50 PM
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Joined: 5/9/2010
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Location: Nai
Very very intresting .@vvs. Ur source of information ? And dnt tell us hearsay !!!
Your future depends on your dreams so go to sleep !
VituVingiSana
#6 Posted : Monday, July 19, 2010 6:53:09 PM
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Joined: 1/3/2007
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Location: Nairobi
qw25041985 wrote:
Very very intresting .@vvs. Ur source of information ? And dnt tell us hearsay !!!
Unlike you, I actually do my research. KCB issued an Information Memorandum for the Rights Issue. There is a section where it shows shares owned by Directors. Apparently, MOO SOLD all his shares (only 30k anyway)...

Only director who has real shares/cash in KCB is Sunil Shah.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
youcan'tstopusnow
#7 Posted : Monday, July 19, 2010 7:00:12 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
An interesting tidbit.

martin oduor-otieno SOLD all his KCB shares. So this jamaa who makes 7 figures (68mn/year) does NOT want to take the same risk buying KCB shares as us!

Interesting...
GOD BLESS YOUR LIFE
youcan'tstopusnow
#8 Posted : Monday, July 19, 2010 7:05:27 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
Apparently, MOO SOLD all his shares (only 30k anyway)...
Only director who has real shares/cash in KCB is Sunil Shah.

VVS, wouldn't it be hilarious if on deeper analysis, you find out that he used the money from the sale of KCB shares to get into Equity or even Stanchart in anticipation of the rights?
GOD BLESS YOUR LIFE
obiero
#9 Posted : Monday, July 19, 2010 7:26:30 PM
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Joined: 6/23/2009
Posts: 13,568
Location: nairobi
Question is: did he think of the perception it would have by being published in the IM?

COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
the deal
#10 Posted : Monday, July 19, 2010 7:59:36 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
deal, are you still optimistic on it hitting 15 bob?


i believe despite all the hype surrounding this rights issue...we will see KCB trade at 15 bob come September...remember the dilution will push the PE to 12.5...with that mere 17% half year PAT,KCB will become a forgotten story once James Mwangi's EQUITY reports a 50-60% PAT...
muganda
#11 Posted : Monday, July 19, 2010 11:27:06 PM
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Joined: 9/15/2006
Posts: 3,905
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

VituVingiSana
#12 Posted : Monday, July 19, 2010 11:38:12 PM
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Posts: 18,135
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
muganda
#13 Posted : Monday, July 19, 2010 11:54:30 PM
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Joined: 9/15/2006
Posts: 3,905
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

VituVingiSana
#14 Posted : Tuesday, July 20, 2010 12:13:47 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,135
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
guru267
#15 Posted : Tuesday, July 20, 2010 12:30:46 AM
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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
youcan'tstopusnow
#16 Posted : Tuesday, July 20, 2010 3:46:13 AM
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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
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
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.
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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