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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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What is the tax on script dividend. I can see in the circular that there is some tax to be charged Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Aguytrying wrote:sparkly wrote:hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth Equity has actually never done a rights issue, they are set to do one next year. KCB they have had quite a number
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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watesh wrote:Aguytrying wrote:sparkly wrote:hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth Equity has actually never done a rights issue, they are set to do one next year. KCB they have had quite a number With govt involvement anything is possible
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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watesh wrote:Aguytrying wrote:sparkly wrote:hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth Equity has actually never done a rights issue, they are set to do one next year. KCB they have had quite a number Link? Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Details of the KCB rights issue will be out once they are done with the script dividend allocation. At that time they will now be able to know the allocation formula. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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sparkly wrote:watesh wrote:Aguytrying wrote:sparkly wrote:hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth Equity has actually never done a rights issue, they are set to do one next year. KCB they have had quite a number Link? Full year results announcents video, they will need the money to go into new markets (Mozambique, Zambia) So far they sitting on 10bn for Ethiopia and more billions to capitalize DRC and Tanzania
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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watesh wrote:sparkly wrote:watesh wrote:Aguytrying wrote:sparkly wrote:hisah wrote:mlennyma wrote:hisah wrote:VituVingiSana wrote:hisah wrote:From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal. One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion. True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out. should we expect a similar move by member going forward? Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market). I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap. In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth Equity has actually never done a rights issue, they are set to do one next year. KCB they have had quite a number Link? Full year results announcents video, they will need the money to go into new markets (Mozambique, Zambia) So far they sitting on 10bn for Ethiopia and more billions to capitalize DRC and Tanzania Demand gaining momentum ... supply thinning..
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Notable demand for KCB today. Could it be in anticipation of good Q1 results?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Accumulation in preparation of the rights issue. Once KCB is done with tallying of how many shares will be issued under the script dividend the rights issue details will be released. Rights issue will come immediately after the one for KENGEN pointing to August as the month the rights issue will be held. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Also not forgetting the anticipated good Q1 results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/17/2007 Posts: 294
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looks like sub 35 was not so far fetched after all...
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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instinct wrote:looks like sub 35 was not so far fetched after all... let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:instinct wrote:looks like sub 35 was not so far fetched after all... let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Aguytrying wrote:mlennyma wrote:instinct wrote:looks like sub 35 was not so far fetched after all... let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank i thought the NPL has been covered well with the right LLP? and its only Q1.Oigara said the NPL was caused by two sources of a total of kshs 7 billion which there is assurance that by june they will resume paying. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ebenyo wrote:Aguytrying wrote:mlennyma wrote:instinct wrote:looks like sub 35 was not so far fetched after all... let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank i thought the NPL has been covered well with the right LLP? and its only Q1.Oigara said the NPL was caused by two sources of a total of kshs 7 billion which there is assurance that by june they will resume paying. Oigara is betting on GoK making the payments to the contractors by 30 June using the 20bn it just borrowed in May under the IFB program. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Ebenyo wrote:Aguytrying wrote:mlennyma wrote:instinct wrote:looks like sub 35 was not so far fetched after all... let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank i thought the NPL has been covered well with the right LLP? and its only Q1.Oigara said the NPL was caused by two sources of a total of kshs 7 billion which there is assurance that by june they will resume paying. Oigara is betting on GoK making the payments to the contractors by 30 June using the 20bn it just borrowed in May under the IFB program. That 7bn is almost the entire gross NPL of equity their closest competitor. Tafakari hayo. The investor's chief problem - and even his worst enemy - is likely to be himself
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