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KCB Future ...very bright!
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muganda
#21 Posted : Tuesday, July 20, 2010 4:33:53 PM
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Joined: 9/15/2006
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Aiissh @VVS, I think you are mistaken on this one. In fact, when they talked about top paid CEOs in a PWC survey, I distinctly remember it being from Safaricom at the time.

For starters CEO, Deputy CEO, Company Secretary on KCB Bank board as executives.
For group all executive directors of companies would contribute to this total too.
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Evolve
#22 Posted : Tuesday, July 20, 2010 4:36:05 PM
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@VVS, there are at least two executive directors if you have read the IM carefully. Non executive directors are 9.
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VituVingiSana
#23 Posted : Tuesday, July 20, 2010 5:02:24 PM
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Joined: 1/3/2007
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Evolve wrote:
@VVS, there are at least two executive directors if you have read the IM carefully. Non executive directors are 9.
Oops, you know I had read that but somehow I missed it when answering the query!

I was looking at 10.2 (Pageg 51) where only MOO is listed & not Samuel Kimani (who has ZERO shares too or so it seems!)

So there are 2 Exec directors earning 67.663mn on Page 86.

@muganda - I am not sure whether a Co. Sec is considered Exec Director or Board Member for these purposes.

I checked the 2009 Annual Report Note 10 (Page 67) & the amounts for the Group = Bank so it seems 68mn is split between MOO & SK.

The Group > Bank for Other Directors
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Evolve
#24 Posted : Tuesday, July 20, 2010 5:12:24 PM
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@VVs, there is also an ED in Uganda but I am not sure whether he is part of the Group EDs.
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astute
#25 Posted : Tuesday, July 20, 2010 6:13:26 PM
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Posts: 101
Location: Nairobi
VituVingiSana wrote:


Turns out martin oduor-otieno the CEO earns KShs 68mn but owns ZERO (yes, ZERO) KCB shares...




this is serious...he indeed has no interest!!!!what a flop!
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ProverB
#26 Posted : Tuesday, July 20, 2010 6:21:11 PM
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VituVingiSana wrote:


Turns out martin oduor-otieno the CEO earns KShs 68mn but owns ZERO (yes, ZERO) KCB shares...



..just a thought.. apart from The coop guy who owns quite a huge chunk of coop..and J Mwangi of equity...not all CEO's are huge investors of the compnies they run..
before castigating MOO (ati warrr?) (LoL)..may be we need to find out about all other counters and their CEO's.. ama? Its just fair.
on MOO (Tehehehe)..i think he and the Etemesi dude in stanchart are doing our banking industry proud! after the wrong held perceptions kenyans cannot profitably run multinationals!
I'm waiting to see if the EABL dude will out do Mahinda!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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VituVingiSana
#27 Posted : Tuesday, July 20, 2010 6:42:56 PM
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ProverB wrote:
VituVingiSana wrote:


Turns out martin oduor-otieno the CEO earns KShs 68mn but owns ZERO (yes, ZERO) KCB shares...


..just a thought.. apart from The coop guy who owns quite a huge chunk of coop..and J Mwangi of equity...not all CEO's are huge investors of the compnies they run..
before castigating MOO (ati warrr?) (LoL)..may be we need to find out about all other counters and their CEO's.. ama? Its just fair.

jamaa has UNDER-PERFORMED since he got in compared its peers! Even ultra-conservative Marambii at NBK has done better than MOO at KCB...

You can have a HUGE balance sheet lakini PAT counts the most! Of course & ROE...

BBK & SCBK outpace KCB every year! Equity's PAT would have out-paced KCB if not for the 2 recent Rights Issues!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ProverB
#28 Posted : Tuesday, July 20, 2010 6:47:42 PM
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Location: Eastlander
VituVingiSana wrote:

jamaa has UNDER-PERFORMED since he got in compared its peers! Even ultra-conservative Marambii at NBK has done better than MOO at KCB...

You can have a HUGE balance sheet lakini PAT counts the most! Of course & ROE...

BBK & SCBK outpace KCB every year! Equity's PAT would have out-paced KCB if not for the 2 Equity raises!


True.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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2012
#29 Posted : Wednesday, July 21, 2010 6:29:02 PM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
2 days to go! before the rest of us get the opportunity to take up our wrongs below the rights offer pricesmile

BBI will solve it :)
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PKoli
#30 Posted : Wednesday, July 21, 2010 6:53:08 PM
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Joined: 2/10/2007
Posts: 1,587
@2012,

You will have to be very lucky to get KCB below 17 bob. When the big boys start to accumulate, you will be shocked to find kcb at 24 bob. you better start to pick a few now
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youcan'tstopusnow
#31 Posted : Wednesday, July 21, 2010 10:22:29 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
DNA TO SUE KCB. www.kenyanlyrics.com/ken...news/dna-to-sue-kcb-bank
GOD BLESS YOUR LIFE
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VituVingiSana
#32 Posted : Thursday, July 22, 2010 10:18:07 AM
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Joined: 1/3/2007
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Location: Nairobi
After a lot of thought... I am going to sit this one out for now... I think it is fairly priced but what is my upside?

- 1H 2010 results are out & 16% y-o-y does not cut it compared to Equity or many other banks.
- MOO the CEO has ZERO shares
- SNK the deputy CEO has ZERO shares

I will watch from the sidelines & if the price falls to 17/- in the future... I might get back in...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ProverB
#33 Posted : Thursday, July 22, 2010 11:54:35 AM
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youcan'tstopusnow wrote:
DNA TO SUE KCB. www.kenyanlyrics.com/ken...news/dna-to-sue-kcb-bank


?????
futile attempt.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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ProverB
#34 Posted : Thursday, July 22, 2010 11:58:09 AM
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Joined: 3/12/2010
Posts: 1,199
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PKoli wrote:
@2012,

You will have to be very lucky to get KCB below 17 bob. When the big boys start to accumulate, you will be shocked to find kcb at 24 bob. you better start to pick a few now


ordinary share trading at Ksh17.80..cum rights....i'm with 2012 on this one..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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2012
#35 Posted : Thursday, July 22, 2010 11:58:36 AM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
PKoli wrote:
@2012,

You will have to be very lucky to get KCB below 17 bob. When the big boys start to accumulate, you will be shocked to find kcb at 24 bob. you better start to pick a few now


Wanna bet? I think someone mentioned before the rights issue that KCB didn't wasn't clear in their communication of what their plans for the 15B were. They didn't seem to have a strategy. With all the other banks expanding and putting up new branches, I ask, where's this gap that's only exclusively available to KCB?

BBI will solve it :)
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VituVingiSana
#36 Posted : Thursday, July 22, 2010 12:21:08 PM
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Joined: 1/3/2007
Posts: 18,135
Location: Nairobi
ProverB wrote:
PKoli wrote:
@2012,

You will have to be very lucky to get KCB below 17 bob. When the big boys start to accumulate, you will be shocked to find kcb at 24 bob. you better start to pick a few now


ordinary share trading at Ksh17.80..cum rights....i'm with 2012 on this one..
No more Cum Rights...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#37 Posted : Thursday, July 22, 2010 12:31:45 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
If i'm interested in KCB or if you are interested in companies that work at a snail's pace...i would wait until August when they announce the results of the rights when this dilution thing is cleared...but if dilution is nothing to you then go ahead...its a good company...
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