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Kenya Re - what gives?
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Kastone
#301 Posted : Friday, August 08, 2014 12:01:23 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
Akenyan2014 wrote:
VituVingiSana wrote:
mlennyma wrote:
Never celebrate a company where the gvt has huge shares in their store.
Agreed! KPLC, KenGen, KQ... Anything with "Kenya" ...


Kenya Commercial Bank?


Key word huge Goct on KCB is around 18%. It reduced its stake significantly and now you can see where it's heading. Govt. is never there to make profits, but provide service so shareholders sio priority
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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VituVingiSana
#302 Posted : Friday, August 08, 2014 12:32:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Kastone wrote:
Akenyan2014 wrote:
VituVingiSana wrote:
mlennyma wrote:
Never celebrate a company where the gvt has huge shares in their store.
Agreed! KPLC, KenGen, KQ... Anything with "Kenya" ...


Kenya Commercial Bank?


Key word huge Goct on KCB is around 18%. It reduced its stake significantly and now you can see where it's heading. Govt. is never there to make profits, but provide service so shareholders sio priority
Note that it is now portrayed as KCB not Kenya Commercial Bank... and as @Kastone notes, the start of KCB's progress started when GoK become a 'normal' shareholder. With only 18%, it can be outvoted by the other 9 largest shareholders.

Where I sort of disagree with @Kastone is when GoK has a large(r) shareholding, it is not used in the service of all Kenyans but some Kenyans. Who remembers the bad loans that KCB gave politicians under Michuki? Same with NBK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kastone
#303 Posted : Friday, August 08, 2014 4:21:53 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
VituVingiSana wrote:
Kastone wrote:
Akenyan2014 wrote:
VituVingiSana wrote:
mlennyma wrote:
Never celebrate a company where the gvt has huge shares in their store.
Agreed! KPLC, KenGen, KQ... Anything with "Kenya" ...


Kenya Commercial Bank?


Key word huge Goct on KCB is around 18%. It reduced its stake significantly and now you can see where it's heading. Govt. is never there to make profits, but provide service so shareholders sio priority
Note that it is now portrayed as KCB not Kenya Commercial Bank... and as @Kastone notes, the start of KCB's progress started when GoK become a 'normal' shareholder. With only 18%, it can be outvoted by the other 9 largest shareholders.

Where I sort of disagree with @Kastone is when GoK has a large(r) shareholding, it is not used in the service of all Kenyans but some Kenyans. Who remembers the bad loans that KCB gave politicians under Michuki? Same with NBK.


Ideally, that should be the case but the reality is different. KCB has really come a long way
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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heri
#304 Posted : Tuesday, August 12, 2014 10:25:51 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Bad news for this counter that is already going down

KRA wants sh 1.2B in unpaid taxes
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jawgey
#305 Posted : Tuesday, August 12, 2014 10:44:36 AM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
heri wrote:
Bad news for this counter that is already going down

KRA wants sh 1.2B in unpaid taxes


Talk of the government always spoiling the party Sad
Seeing is believing
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madebe
#306 Posted : Tuesday, August 12, 2014 11:50:55 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
Please quote the source of the story KRA demands 1.2 B
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faa
#307 Posted : Tuesday, August 12, 2014 11:55:24 AM
Rank: Member

Joined: 5/8/2007
Posts: 709
The story isnt so far validated,also 1.2 billion wouldn't affect Kenya RE-

There is also no bad thing with KRA demanding Tax from KEnya Re income...
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heri
#308 Posted : Tuesday, August 12, 2014 11:55:42 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
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madebe
#309 Posted : Tuesday, August 12, 2014 12:09:40 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
Thanks. unfortunately all the companies in the NSE will face this challenge of KRA demanding unpaid tax, rightly or wrongly. Keroche was the first company to be targetted but they won the court case.........
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sparkly
#310 Posted : Tuesday, August 12, 2014 1:36:26 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
faa wrote:
The story isnt so far validated,also 1.2 billion wouldn't affect Kenya RE-

There is also no bad thing with KRA demanding Tax from KEnya Re income...


What do you mean KShs 1.2B will not affect Kenya Re?

ION the results are expected to be poor, the stock has started a strong downward trend.
Life is short. Live passionately.
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