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Potential merger NIC + CBA

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VituVingiSana		#31 Posted : Monday, December 17, 2018 1:05:00 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi		sparkly wrote: Ericsson wrote: https://www.businessdailyafrica.com/markets/marketnews/CBA-tipped-to-offer-1-3-shares-in-NIC-merger/3815534-4897660-3hi091z/index.html Going by that article CBA will own 2/3 of the combined entity Most fair valuation is 3 NIC for 2 CBA shares. I am rooting for FY 3Q2018 BV but I will take a haircut on account of the NPLs that have been dogging NIC. I prefer cash to share in CBANIC but beggars can't be choosers! Faida ni faida. Wacha nikule na akina ma-Ndegwa! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Superprime1		#32 Posted : Monday, December 17, 2018 1:19:40 PM
Rank: Member Joined: 5/2/2018 Posts: 267		VituVingiSana wrote: sparkly wrote: Ericsson wrote: https://www.businessdailyafrica.com/markets/marketnews/CBA-tipped-to-offer-1-3-shares-in-NIC-merger/3815534-4897660-3hi091z/index.html Going by that article CBA will own 2/3 of the combined entity Most fair valuation is 3 NIC for 2 CBA shares. I am rooting for FY 3Q2018 BV but I will take a haircut on account of the NPLs that have been dogging NIC. I prefer cash to share in CBANIC but beggars can't be choosers! Faida ni faida. Wacha nikule na akina ma-Ndegwa! They should indeed consider a cash option.
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Ericsson		#33 Posted : Saturday, January 19, 2019 12:53:19 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,819 Location: NAIROBI		Nic bank caught again in Kaluworks debt default. CBA its getting clearer came to rescue NIC bank Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Horton		#34 Posted : Wednesday, January 23, 2019 8:08:49 AM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		NIC BANK again 🤦🏽‍♂️🤦🏽‍♂️ https://www.standardmedi...risk-big-loss-at-deacons
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Ericsson		#35 Posted : Wednesday, January 23, 2019 8:40:32 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,819 Location: NAIROBI		[quote=Horton]NIC BANK again 🤦🏽‍♂️🤦🏽‍♂️ https://www.standardmedi...isk-big-loss-at-deacons[/quote] Poor credit risk;the Moses Kuria might offer them a reprieve Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#36 Posted : Wednesday, January 23, 2019 11:09:25 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		We demand an update if it was not hot air "Don't let the fear of losing be greater than the excitement of winning."
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Superprime1		#37 Posted : Wednesday, January 23, 2019 12:09:32 PM
Rank: Member Joined: 5/2/2018 Posts: 267		mlennyma wrote: We demand an update if it was not hot air Agreed. It's now going to two months; an update should suffice...
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jmbada		#38 Posted : Wednesday, January 23, 2019 6:24:24 PM
Rank: Member Joined: 1/1/2011 Posts: 396		Superprime1 wrote: mlennyma wrote: We demand an update if it was not hot air Agreed. It's now going to two months; an update should suffice... It is for real. I swallow my earlier cynicism. Heavy lifting on post-merger integration already ongoing.
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Ericsson		#39 Posted : Monday, January 28, 2019 5:14:07 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,819 Location: NAIROBI		https://www.businessdail...4564-fk04jvz/index.html Businesses owned by the wealthy Philip Ndegwa family took the biggest blow from the collapse of fashion retail chain Deacons East Africa, a report by the company’s administrators has revealed. The Ndegwas risk losing a total of Sh424 million that Deacons owed their companies -- NIC Bank (Sh387.5 million), The Junction Mall (Sh35.4 million), ICEA Lion General Insurance Company (Sh887,675) and real estate management firm Knight Frank (Sh219,625). Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#40 Posted : Monday, January 28, 2019 6:17:29 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		Ericsson wrote: https://www.businessdailyafrica.com/news/Ndegwa-family-loses-half-a-billion-in-Deacons-fall/539546-4954564-fk04jvz/index.html Businesses owned by the wealthy Philip Ndegwa family took the biggest blow from the collapse of fashion retail chain Deacons East Africa, a report by the company’s administrators has revealed. The Ndegwas risk losing a total of Sh424 million that Deacons owed their companies -- NIC Bank (Sh387.5 million), The Junction Mall (Sh35.4 million), ICEA Lion General Insurance Company (Sh887,675) and real estate management firm Knight Frank (Sh219,625). The last 2 they should just write off, peanuts - comparatively. Will this bank survive in the long run without further capital injection? 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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