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Portfolio Balancing: Avoid Over Exposure To Financial Sector
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Kenya central bank says banking sector consolidation to continueKenya central bank governor said on Tuesday ongoing consolidation in the banking sector will continue. “We are not done yet,” Patrick Njoroge told a news conference, adding that the market-driven consolidation was working. There has been significant consolidation among Kenyan banks since two mid-sized lenders were closed due to liquidity problems, with the most recent major deal being the acquisition of National Bank of Kenya by KCB Group. https://af.reuters.com/a...News/idAFKBN1W9138-OZABSWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/1/2009 Posts: 256
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obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet?
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/1/2009 Posts: 256
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obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity ....
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 7/1/2009 Posts: 256
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Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust?
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own Conventional, they are average whatever the economic status. Closing branches,others will follow shortly. ABSA, mobile wallet attached to Safaricom,thought they have 303030 and Timiza_ just asking - clarify what you mean? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 7/1/2009 Posts: 256
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obiero wrote:Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own @Obiero Looking at them from a prudence perspective...limited skeletons and risky moves. That also means during the good times, they don't grow as fast as their more aggressive competitors.
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Rank: Member Joined: 7/1/2009 Posts: 256
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Monk wrote:obiero wrote:Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own @Obiero Looking at them from a prudence perspective...limited skeletons and risky moves. That also means during the good times, they don't grow as fast as their more aggressive competitors. Remember which banks got their fingers burned at KQ?
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Monk wrote:Monk wrote:obiero wrote:Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own @Obiero Looking at them from a prudence perspective...limited skeletons and risky moves. That also means during the good times, they don't grow as fast as their more aggressive competitors. Remember which banks got their fingers burned at KQ? Which fingers? KQLC is alive and well with GoK guarantee worth 75B on ordinary mandatory convertible notes. There's a reason why the top 3 are top 3
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/1/2009 Posts: 256
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obiero wrote:Monk wrote:Monk wrote:obiero wrote:Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own @Obiero Looking at them from a prudence perspective...limited skeletons and risky moves. That also means during the good times, they don't grow as fast as their more aggressive competitors. Remember which banks got their fingers burned at KQ? Which fingers? KQLC is alive and well with GoK guarantee worth 75B on ordinary mandatory convertible notes. There's a reason why the top 3 are top 3 Your faith in GoK guarantees is admirable. Perhaps I've just been unlucky with them once too often. Anyway, every experience is a learning opportunity. Some of us eventually became a lot more cautious with our investment choices.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! StanChart, yes. ABSA is South African and generally the SA firms haven't done very well in Kenya. Perhaps it will be different this time. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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https://www.standardmedi...ump-by-over-20-per-cent
South African lender Absa said on Tuesday it expected its first-half profits to fall by more than 20 per cent, with the impact of the coronavirus outbreak already taking a substantial toll on its performance and prompting bad debts to double.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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heri wrote:https://www.standardmedia.co.ke/business/article/2001372853/absa-warns-profit-likely-to-slump-by-over-20-per-cent
South African lender Absa said on Tuesday it expected its first-half profits to fall by more than 20 per cent, with the impact of the coronavirus outbreak already taking a substantial toll on its performance and prompting bad debts to double. They have lost the Barclays clout, where to run now  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Monk wrote:obiero wrote:Monk wrote:Monk wrote:obiero wrote:Monk wrote:Angelica _ann wrote:Monk wrote:obiero wrote:Monk wrote:obiero wrote:In a live TEAMS session with the exchange bar.. Its unlikely that more than one wheel gets a puncture during a journey, unless you have generally faulty tyre. I speak in code @Obiero Do you think our tyres are currently fine? Between Locusts, COVID-19 and 2022, what are our chances of surviving this gauntlet? No. Any tier II should not be touched and it may be prudent to stick with the top 3 in Tier I until the dust settles I think some of the top 3 will also take quite a hit, depending on their exposure to Gov paper, and retail borrowers. Somebody mentioned Equity .... StanChart and ABSA will wither the storm better than the rest!!! @AA you read my mind The same SCBK that closed 8 branches last month? ABSA that doesn’t have a mobile wallet attached to Safaricom Trust? To each his/her own @Obiero Looking at them from a prudence perspective...limited skeletons and risky moves. That also means during the good times, they don't grow as fast as their more aggressive competitors. Remember which banks got their fingers burned at KQ? Which fingers? KQLC is alive and well with GoK guarantee worth 75B on ordinary mandatory convertible notes. There's a reason why the top 3 are top 3 Your faith in GoK guarantees is admirable. Perhaps I've just been unlucky with them once too often. Anyway, every experience is a learning opportunity. Some of us eventually became a lot more cautious with our investment choices. Ndio hayo ya Stanchart https://www.businessdail...ults-hit-profit-3019114
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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It was written
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:It was written NCBA is a star Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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