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KCB and NBK material announcement
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:Ebenyo wrote:tandich wrote:FUNKY wrote:BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS Someone should bottle whatever this board is consuming. Bonge la biashara This could be pressure from some outside forces. NSSF Can never be NSSF.. It's a holder of both stocks and it knows the folly of letting the deal flop could cost it an arm and a leg
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Ericsson wrote:[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer. @KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote] Turning out to be be fake news Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion Who are the loud mouthed Board members? If Treasury and NSSF agreed to the valuation the rest is kelele ya chura. Life is short. Live passionately.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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NBK board just realized KCB bid is bad at this stage😆
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆 I see the NBK board got jokes
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Horton wrote:VituVingiSana wrote:FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆 I see the NBK board got jokes  They want to keep the all-you-can-eat buffet open! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:Horton wrote:VituVingiSana wrote:FUNKY wrote:NBK board just realized KCB bid is bad at this stage😆 AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around. Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆 I see the NBK board got jokes They want to keep the all-you-can-eat buffet open! https://kenyanwallstreet...nalized-by-25th-august/
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KCB and NBK material announcement
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