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KCB buy buy buy
Othelo
#421 Posted : Tuesday, July 12, 2016 12:33:49 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
obiero wrote:
mlennyma wrote:
Sufficiently Philanga....thropic wrote:
Any info?
supply is scaryPray

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.
sizzla
#422 Posted : Tuesday, July 12, 2016 12:39:10 PM
Rank: Member


Joined: 6/10/2006
Posts: 201
Location: Nairobi
10 branches in South Sudan is a big hit...or miss
Ericsson
#423 Posted : Tuesday, July 12, 2016 12:42:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
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
mlennyma
#424 Posted : Tuesday, July 12, 2016 12:43:51 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
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."
Ebenyo
#425 Posted : Tuesday, July 12, 2016 12:48:47 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
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
watesh
#426 Posted : Tuesday, July 12, 2016 1:55:44 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
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.
instinct
#427 Posted : Tuesday, July 12, 2016 11:09:58 PM
Rank: Member


Joined: 8/17/2007
Posts: 294
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?
hisah
#428 Posted : Wednesday, July 13, 2016 10:50:53 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
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!
Ericsson
#429 Posted : Wednesday, July 13, 2016 12:50:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
Counter recouping some losses today.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
karasinga
#430 Posted : Wednesday, July 13, 2016 10:36:27 PM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
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 win
skype id: karasinga. email: kkarasinga@gmail.com
mlennyma
#431 Posted : Monday, July 18, 2016 10:48:54 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
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."
Ebenyo
#432 Posted : Monday, July 18, 2016 11:07:30 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
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
mlennyma
#433 Posted : Monday, July 18, 2016 11:16:52 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
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 Sad
"Don't let the fear of losing be greater than the excitement of winning."
muandiwambeu
#434 Posted : Monday, July 18, 2016 4:38:07 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
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 Sad

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 .......
d'oh! Drool Pray
,Behold, a sower went forth to sow;....
Ebenyo
#435 Posted : Monday, July 18, 2016 8:26:09 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
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 Sad

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 .......
d'oh! Drool Pray


@mundiwambeu,my brother,i dont get your point.
Towards the goal of financial freedom
muandiwambeu
#436 Posted : Monday, July 18, 2016 11:04:01 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
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 Sad

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 .......
d'oh! Drool Pray


@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;....
Ebenyo
#437 Posted : Tuesday, July 19, 2016 9:33:12 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
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 Sad

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 .......
d'oh! Drool Pray


@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
instinct
#438 Posted : Tuesday, July 19, 2016 7:48:36 PM
Rank: Member


Joined: 8/17/2007
Posts: 294
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
Ebenyo
#439 Posted : Tuesday, July 19, 2016 8:33:38 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
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
obiero
#440 Posted : Wednesday, July 20, 2016 9:12:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
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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