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KCB 2018 and Beyond
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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VituVingiSana wrote:Ericsson wrote:Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB? As for NBK, without the "favored son" concessions, what value does NBK bring to KCB? Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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lochaz-index wrote:VituVingiSana wrote:Ericsson wrote:Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB? As for NBK, without the "favored son" concessions, what value does NBK bring to KCB? Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks? Because they are sold at bargains and that route is another way of growing. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:lochaz-index wrote:VituVingiSana wrote:Ericsson wrote:Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB? As for NBK, without the "favored son" concessions, what value does NBK bring to KCB? Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks? Because they are sold at bargains and that route is another way of growing. Yeah I agree with Ericsson. It’s a way of growing, it would have been disconcerting if they bought into chase or IBL before all the drama. But after, they are like bargain hunters saa za Jioni
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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There's a difference between bargain hunting and garbage collection. IBL is pure garbage. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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KulaRaha wrote:There's a difference between bargain hunting and garbage collection.
IBL is pure garbage. There is cash too in Garbage, literally. https://www.nytimes.com/...5iht-trash.4211783.html
"Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Horton wrote:Ericsson wrote:lochaz-index wrote:VituVingiSana wrote:Ericsson wrote:Kcb bank kenya got tired of waiting for NBK and decided to pursue other alternatives.
The bidder that dropped out was DTB I can understand why DTB bid for Imperial given the market segment DTB and Imperial were in BUT of what benefit is Imperial to KCB? As for NBK, without the "favored son" concessions, what value does NBK bring to KCB? Also can't see KCB's angle in this deal. More importantly why does KCB keep dipping its toes in murky waters...Chase, Imperial etc? Is it a lack of ideas or has KCB become the de facto cookie jar for distressed banks? Because they are sold at bargains and that route is another way of growing. Yeah I agree with Ericsson. It’s a way of growing, it would have been disconcerting if they bought into chase or IBL before all the drama. But after, they are like bargain hunters saa za Jioni Still doesn't add up. I see no synergies whatsoever between the good IBL loan book - if at all it exists and if it exists would it be of substantial quantity to warrant a bid? - and KCB's modus operandi. Secondly, if the respective 'good' books of distressed banks were offering sweet discounts vs value don't you think the suitors would be by the bucket load (with the deal having been sealed ages ago) as opposed to the current long drawn out one way flogging? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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KulaRaha wrote:Horton wrote:KulaRaha wrote:Word is KCB was "forced" to make a bid since no one wanted Imperial. There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting As it is KCB has deep pockets IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same. Isn't it possible DTB had to drop out coz of conflict of interest/moral hazard? Possible that it was used as a conduit for some of the illicit Imperial funds. “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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shiznit wrote:KulaRaha wrote:Horton wrote:KulaRaha wrote:Word is KCB was "forced" to make a bid since no one wanted Imperial. There we go shooting in the dark again........IBL has good loan book. I guess this is what KCB is targeting As it is KCB has deep pockets IBL good loan book is tiny...that's why DTB didn't buy despite the target customer being the same. Isn't it possible DTB had to drop out coz of conflict of interest/moral hazard? Possible that it was used as a conduit for some of the illicit Imperial funds. I've heard that too,the two owners have close ties 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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https://kenyanwallstreet...sion-for-imperial-bank/
The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor. The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank. CBK governor Dr Njoroge said: “We need more time to get a better deal. The biggest issue now is the valuation of the loans.” However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted. The Receivership The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:https://kenyanwallstreet.com/cbk-to-seek-another-receivership-extension-for-imperial-bank/
The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.
The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.
CBK governor Dr Njoroge said:
“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”
However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership
go .
CBK should not play hard.If KCB bid is fine let it
The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month. CBK should not play hard to get.If KCB bid is fine let it go Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:https://kenyanwallstreet.com/cbk-to-seek-another-receivership-extension-for-imperial-bank/
The Central Bank of Kenya (CBK) is set to apply for Imperial Bank’s receivership extension to allow the bank to engage further with KCB Group according to the CBK governor.
The CBK and the Kenya Depositors Insurance Corporation (KDIC) this week announced that KCB Group is the leading bidder in taking over Imperial Bank.
CBK governor Dr Njoroge said:
“We need more time to get a better deal. The biggest issue now is the valuation of the loans.”
However, it is not exactly clear how much more time CBK is seeking for the extension. “Our lawyers will advise us on this. But of course, it is getting clearer with KCB in the picture,” he asserted.
The Receivership
go .
CBK should not play hard.If KCB bid is fine let it
The upcoming receivership extension will be the fourth that CBK has requested for from the court. The current extension will expire at the end of this month. CBK should not play hard to get.If KCB bid is fine let it go Discussion on what is the good book and seperate it from the bad book. 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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Half year results to be out this week Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:Half year results to be out this week Last year we got an interim of kshs 1.00 lets see what happens.If there is not enough money to buy imperial bank,rights issue is okey. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:Half year results to be out this week Last year we got an interim of kshs 1.00 lets see what happens.If there is not enough money to buy imperial bank,rights issue is okey. Imperial bank will be pocket change. Interim dividend maybe hiked to ksh.1.50 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/19/2015 Posts: 125
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KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Sir invest wrote:KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend. Plus the South Sudan peace deal Wealth 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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Ericsson wrote:Sir invest wrote:KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend. Plus the South Sudan peace deal Hope it holds
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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Sir invest wrote:KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend. Or maybe 55 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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obiero wrote:Ericsson wrote:Sir invest wrote:KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend. Plus the South Sudan peace deal Hope it holds Never leverage on any idiot that thrives on chaos Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Ericsson wrote:Sir invest wrote:KCB Even @51 bob no one is will to sell!!!! The target now seem to the sweet Interim dividend. Plus the South Sudan peace deal I already gave up on that country
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