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Barclays - 2018 and beyond
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:[quote=VituVingiSana]BBK as it sheds the "Barclays" moniker... https://www.businessdail...5536-adj5e8z/index.html
BBK/ABSA getting into the (very) profitable micro-loans business.[/quote No need for new topic. Name change was already covered under the title barclays bank FY2017 I pity this bank looking for relevance after they abused their privileged position in the last 20 years. This strategy will fall flat because of these three reasons: 1. Micro lending is already crowded by the big local banks, Saccos, Chamas, MFIs. No space for another confused big bank. 2. BBK is known for being a conservative, corporate type bank. Focus on micro lending will chase away the remaining conservative clientele. 3. Weak strategy. What a company lacks in management skills and strategy manifests in band aid ideas. They look good on paper but are just meant to buy time and next months salary for management. e.g Mumias going into ethanol, water and milk... Eveready with diapers and shaving razors... Uchumi with online stores... Express with real estate. In short avoid this stock like the plague. If they are serious about micro lending, it is better to buy one of the MFIs in the market or a nimble bank like Family Bank. Family Bank? That might be toxic for BBK. BBK/ABSA is now on my radar as being investable. They need to appeal to a different clientele WITHOUT scaring away their current (loyal?) clientele. Not an easy balancing act. Family is a Wananchi Bank. Now that it is distressed, they can get it on the Cheap esp with a share swap. Reality is that Family will one day overtake BBK (if they get out of the current mess). Buying a bank that's very different (culturally) is fraught with multiple risks. Stanbic/CFC comes to mind. CFC customers left in droves. I&M/Giro. Giro customers left leaving. Goodwill gets impaired. Equity/UML (Huge write-offs, provisions) Unless BBK can thoroughly assess the assets/liabilities of Family Bank, then there is a huge risk. I would say a merger of SCBK and BBK might yield better synergies. Or as suggested, BBK buys a Fintech/MFI (Chase owned Rafiki) and uses it to expand "down-market" via the subsidiary model Citigoup/Citicorp then Citibank buying ABN Amro, didn't work for Citibank locally!!! 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: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:[quote=VituVingiSana]BBK as it sheds the "Barclays" moniker... https://www.businessdail...5536-adj5e8z/index.html
BBK/ABSA getting into the (very) profitable micro-loans business.[/quote No need for new topic. Name change was already covered under the title barclays bank FY2017 I pity this bank looking for relevance after they abused their privileged position in the last 20 years. This strategy will fall flat because of these three reasons: 1. Micro lending is already crowded by the big local banks, Saccos, Chamas, MFIs. No space for another confused big bank. 2. BBK is known for being a conservative, corporate type bank. Focus on micro lending will chase away the remaining conservative clientele. 3. Weak strategy. What a company lacks in management skills and strategy manifests in band aid ideas. They look good on paper but are just meant to buy time and next months salary for management. e.g Mumias going into ethanol, water and milk... Eveready with diapers and shaving razors... Uchumi with online stores... Express with real estate. In short avoid this stock like the plague. If they are serious about micro lending, it is better to buy one of the MFIs in the market or a nimble bank like Family Bank. Family Bank? That might be toxic for BBK. BBK/ABSA is now on my radar as being investable. They need to appeal to a different clientele WITHOUT scaring away their current (loyal?) clientele. Not an easy balancing act. Family is a Wananchi Bank. Now that it is distressed, they can get it on the Cheap esp with a share swap. Reality is that Family will one day overtake BBK (if they get out of the current mess). Buying a bank that's very different (culturally) is fraught with multiple risks. Stanbic/CFC comes to mind. CFC customers left in droves. I&M/Giro. Giro customers left. Goodwill gets impaired. Equity/UML (Huge write-offs, provisions) Unless BBK can thoroughly assess the assets/liabilities of Family Bank, then there is a huge risk in taking these on especially for SMEs or loans not backed by quality collateral. I would say a merger of SCBK and BBK might yield better synergies but that doesn't help go "down-market". Or as suggested, BBK buys a Fintech/MFI (Chase owned Rafiki) and uses it to expand profitably "down-market" via the subsidiary model. Unaitas comes to mind Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Pesa Nane wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:[quote=VituVingiSana]BBK as it sheds the "Barclays" moniker... https://www.businessdail...5536-adj5e8z/index.html
BBK/ABSA getting into the (very) profitable micro-loans business.[/quote No need for new topic. Name change was already covered under the title barclays bank FY2017 I pity this bank looking for relevance after they abused their privileged position in the last 20 years. This strategy will fall flat because of these three reasons: 1. Micro lending is already crowded by the big local banks, Saccos, Chamas, MFIs. No space for another confused big bank. 2. BBK is known for being a conservative, corporate type bank. Focus on micro lending will chase away the remaining conservative clientele. 3. Weak strategy. What a company lacks in management skills and strategy manifests in band aid ideas. They look good on paper but are just meant to buy time and next months salary for management. e.g Mumias going into ethanol, water and milk... Eveready with diapers and shaving razors... Uchumi with online stores... Express with real estate. In short avoid this stock like the plague. If they are serious about micro lending, it is better to buy one of the MFIs in the market or a nimble bank like Family Bank. Family Bank? That might be toxic for BBK. BBK/ABSA is now on my radar as being investable. They need to appeal to a different clientele WITHOUT scaring away their current (loyal?) clientele. Not an easy balancing act. Family is a Wananchi Bank. Now that it is distressed, they can get it on the Cheap esp with a share swap. Reality is that Family will one day overtake BBK (if they get out of the current mess). Buying a bank that's very different (culturally) is fraught with multiple risks. Stanbic/CFC comes to mind. CFC customers left in droves. I&M/Giro. Giro customers left. Goodwill gets impaired. Equity/UML (Huge write-offs, provisions) Unless BBK can thoroughly assess the assets/liabilities of Family Bank, then there is a huge risk in taking these on especially for SMEs or loans not backed by quality collateral. I would say a merger of SCBK and BBK might yield better synergies but that doesn't help go "down-market". Or as suggested, BBK buys a Fintech/MFI (Chase owned Rafiki) and uses it to expand profitably "down-market" via the subsidiary model. Unaitas comes to mind The euphoria died. There was a time if you didnt have this shares  , wacha tu  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: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Angelica _ann wrote:Pesa Nane wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Ericsson wrote:[quote=VituVingiSana]BBK as it sheds the "Barclays" moniker... https://www.businessdail...5536-adj5e8z/index.html
BBK/ABSA getting into the (very) profitable micro-loans business.[/quote No need for new topic. Name change was already covered under the title barclays bank FY2017 I pity this bank looking for relevance after they abused their privileged position in the last 20 years. This strategy will fall flat because of these three reasons: 1. Micro lending is already crowded by the big local banks, Saccos, Chamas, MFIs. No space for another confused big bank. 2. BBK is known for being a conservative, corporate type bank. Focus on micro lending will chase away the remaining conservative clientele. 3. Weak strategy. What a company lacks in management skills and strategy manifests in band aid ideas. They look good on paper but are just meant to buy time and next months salary for management. e.g Mumias going into ethanol, water and milk... Eveready with diapers and shaving razors... Uchumi with online stores... Express with real estate. In short avoid this stock like the plague. If they are serious about micro lending, it is better to buy one of the MFIs in the market or a nimble bank like Family Bank. Family Bank? That might be toxic for BBK. BBK/ABSA is now on my radar as being investable. They need to appeal to a different clientele WITHOUT scaring away their current (loyal?) clientele. Not an easy balancing act. Family is a Wananchi Bank. Now that it is distressed, they can get it on the Cheap esp with a share swap. Reality is that Family will one day overtake BBK (if they get out of the current mess). Buying a bank that's very different (culturally) is fraught with multiple risks. Stanbic/CFC comes to mind. CFC customers left in droves. I&M/Giro. Giro customers left. Goodwill gets impaired. Equity/UML (Huge write-offs, provisions) Unless BBK can thoroughly assess the assets/liabilities of Family Bank, then there is a huge risk in taking these on especially for SMEs or loans not backed by quality collateral. I would say a merger of SCBK and BBK might yield better synergies but that doesn't help go "down-market". Or as suggested, BBK buys a Fintech/MFI (Chase owned Rafiki) and uses it to expand profitably "down-market" via the subsidiary model. Unaitas comes to mind The euphoria died. There was a time if you didnt have this shares , wacha tu That's very true Angelica_ann manze Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kelele ya chura,that case is not going anywhere Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Absa eyes expansion after Barclays ‘divorce’ https://www.businessdail...67806-k1ke9c/index.html
I believe this is a good move for BBK which can use ABSA's "African Expertise" though the SA folks think different from others in SSA. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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12 Bob smashed as investors wait for half year results with possibility of interim dividend Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:12 Bob smashed as investors wait for half year results with possibility of interim dividend Interim Div declared of Kshs. 0.20 Payable 12 October 2018 Closure 07 September 2018 Pesa Nane plans to be shilingi when he grows up.
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