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KCB buy buy buy
Rank: User Joined: 1/20/2014 Posts: 3,528
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obiero wrote:mlennyma wrote:Sufficiently Philanga....thropic wrote:Any info? supply is scary the whole market is scary,you buy today thinking you got the best price only to wakeup tomorrow and find your "Ninii "bleeding South Sudi Very volatile investment environment!!!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 6/10/2006 Posts: 201 Location: Nairobi
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10 branches in South Sudan is a big hit...or miss
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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South Sudan should be further split into two; One country headed by Salva Kiir and his militias and the other headed by Riek Machar and his militias. Seems this is a forced marriage for two people who don't want to share same bed Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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sizzla wrote:10 branches in South Sudan is a big hit...or miss and you know the gava of s.sudan is broke which is supposed to spend much,how are this banks surviving there "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:So the money to pay the contractors is finally in. http://www.businessdaily...2/-/iklm8z/-/index.html
How will KCB account for the NPLs that were shown but not provided for in March? And it seems they remained outstanding at the end of June? How SHOULD a bank like KCB account for such NPLs that have crossed both the 90 and 180 day mark? The NPLs as at 31st dec 2015 were kshs 23,477,475,000.The LLP was kshs 11,292,003,000. At 31st march 2016,the NPLs increased to kshs 30,436,873,000 The LLP also increased to kshs 12,603,423,000. This means the increase of the NPL of kshs 6,959,398,000 was provided with an LLP of kshs 688,580,000. If this article is true,the NPL of kshs 6,959,398,000 will now be cleared.But since Q2 is over,this will reflect in Q3 results. The best way they will account for this NPLs is through LLP which they have done.The other ways are blacklisting in crb and auction. Towards the goal of financial freedom
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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mlennyma wrote:sizzla wrote:10 branches in South Sudan is a big hit...or miss and you know the gava of s.sudan is broke which is supposed to spend much,how are this banks surviving there I think banking NGOs is the way to survive in this country for banks, Sudanese pound will be run down in value further with all these conflicts.
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Rank: Member Joined: 8/17/2007 Posts: 294
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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. this has come to pass. what is the TA perspective saying now?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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instinct 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. this has come to pass. what is the TA perspective saying now? 27 then 23-25 cluster. But down there a lot of buying pressure will definitely come in since this will be extreme oversell levels.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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Counter recouping some losses today. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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hisah wrote:instinct 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. this has come to pass. what is the TA perspective saying now? 27 then 23-25 cluster. But down there a lot of buying pressure will definitely come in since this will be extreme oversell levels. http://www.wazua.co.ke/f...osts&t=33803&p=7 It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Quote: Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses. Towards the goal of financial freedom
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ebenyo wrote:mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses. rent on leased properties and idle staff "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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mlennyma wrote:Ebenyo wrote:mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses. rent on leased properties and idle staff Hot potato. saw some deep pocketed guy pump in a B and market nudists started yapping that buy slogan- fuata big money now bleeding the nudist nini. who was that guys investment advisor? Artur brothers needs to open an office in Kenya. hapa iko kazi. Stock market sio ya ....... ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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muandiwambeu wrote:mlennyma wrote:Ebenyo wrote:mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses. rent on leased properties and idle staff Hot potato. saw some deep pocketed guy pump in a B and market nudists started yapping that buy slogan- fuata big money now bleeding the nudist nini. who was that guys investment advisor? Artur brothers needs to open an office in Kenya. hapa iko kazi. Stock market sio ya ....... @mundiwambeu,my brother,i dont get your point. Towards the goal of financial freedom
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ebenyo wrote:muandiwambeu wrote:mlennyma wrote:Ebenyo wrote:mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses. rent on leased properties and idle staff Hot potato. saw some deep pocketed guy pump in a B and market nudists started yapping that buy slogan- fuata big money now bleeding the nudist nini. who was that guys investment advisor? Artur brothers needs to open an office in Kenya. hapa iko kazi. Stock market sio ya ....... @mundiwambeu,my brother,i dont get your point. @ebenyo, different people invest for different reasons. some buy hype and sell irk. imagine your sweat worth a billion and above giving u ulcers, and bps and chumvis and all manner of maladies as you watch it get halved, quartered and diluted/ dilated in less than a years time. then u would know the true taste and colour of pain ebenyo. just when u thought waring factions in ss have squared it out, you r taken a back by a cloud of a ever dilutive rights issue, before you are even an inch deep thinking how to defend the rights issue debacle, the cursed fat cat is back flirting with the wrong kid in the block again-chasebank and the soldiers boys are burning down your town-ss in daylight. if a stock won't get you 3x returns in a bear market, leave .xy returns to kina karasingas and forget it. period. if you r not getting me yet, have some tym and read through this thread and u will find it somewhere. or you are scared having eaten the commission. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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muandiwambeu wrote:Ebenyo wrote:muandiwambeu wrote:mlennyma wrote:Ebenyo wrote:mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches. The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses. rent on leased properties and idle staff Hot potato. saw some deep pocketed guy pump in a B and market nudists started yapping that buy slogan- fuata big money now bleeding the nudist nini. who was that guys investment advisor? Artur brothers needs to open an office in Kenya. hapa iko kazi. Stock market sio ya ....... @mundiwambeu,my brother,i dont get your point. @ebenyo, different people invest for different reasons. some buy hype and sell irk. imagine your sweat worth a billion and above giving u ulcers, and bps and chumvis and all manner of maladies as you watch it get halved, quartered and diluted/ dilated in less than a years time. then u would know the true taste and colour of pain ebenyo. just when u thought waring factions in ss have squared it out, you r taken a back by a cloud of a ever dilutive rights issue, before you are even an inch deep thinking how to defend the rights issue debacle, the cursed fat cat is back flirting with the wrong kid in the block again-chasebank and the soldiers boys are burning down your town-ss in daylight. if a stock won't get you 3x returns in a bear market, leave .xy returns to kina karasingas and forget it. period. if you r not getting me yet, have some tym and read through this thread and u will find it somewhere. or you are scared having eaten the commission. I now get u.I understand the pain.But dont get discouraged.KCB looks fundamentally strong.What is happening is the usual challenges that every business goes through. 1.Increasing NPLs-This is alarming.They currently stand at kshs 30 billion. Recent press reports indicates this will have reduced by 7% when we get the quater 3 results in Nov. 2.South Sudan- The management has scaled down operations their.19 branches have been closed. Lets hope Marchar and Kiir will put things in order for their country. The board of directors should consider pulling out if the problem persist.There are other targets to concetrate venturing i.e somalia and mozambique. 3.Rights Issue-The board said the main reason was to raise kshs 10 billion.This money should be used for expansion.Either Somalia or Mozambique. I didnt attend the AGM,but since it was approved by majority shareholders,we will go with them. 4.Chase bank-dont get worried about the probability of kcb acquiring it.The thieves who stole the money their,are no longer around.If kcb buys,it will be directly under its management.They are still doing due dilligence of the viability of chase bank and they will let us know if its profitable or not.You should know that a big chunk of SME was their and thats a good catch. Take advantage of the falling price to increase your stake.Remember during the last bull run kcb reached ksh 60 per share! So the current price of 32 is a bargain. Kcb is a good company to put your money.The CEO,Oigara,is a youngman who is focused and innovative. Towards the goal of financial freedom
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Rank: Member Joined: 8/17/2007 Posts: 294
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me fears Oigara is quite naive and has made mistakes that are now costing kcb dearly. take chase bank for example, and lending to entities like uchumi
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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instinct wrote:me fears Oigara is quite naive and has made mistakes that are now costing kcb dearly. take chase bank for example, and lending to entities like uchumi Did they lend to uchumi? i dont know.I only know the Npls is ksh 30 bilion.The correct picture will be revealed by Q3 results.Now lets wait Q2 results which is due next month.Then we will know which way forward. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Ebenyo wrote:instinct wrote:me fears Oigara is quite naive and has made mistakes that are now costing kcb dearly. take chase bank for example, and lending to entities like uchumi Did they lend to uchumi? i dont know.I only know the Npls is ksh 30 bilion.The correct picture will be revealed by Q3 results.Now lets wait Q2 results which is due next month.Then we will know which way forward. Owiyo HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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