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KCB 2018 and Beyond
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obiero
#641 Posted : Wednesday, August 10, 2022 10:23:04 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
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Ericsson
#642 Posted : Friday, August 12, 2022 6:58:25 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...n-shares-in-kcb-3908944

NSSF know the hidden gem here
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#643 Posted : Saturday, August 27, 2022 8:06:24 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
DRC acquisition and entry has gone quiet.
Are they finding challenges or developed cold feet

TMB inside. Additional USD 1.5B in new assets from TMB plus increase of 110 more branches, total branch count across the group to now stand at 462 across EAC


I mixed have feelings about this acquisition. Don't know whether it is just a money grab by insiders, whether the investment makes sense and whether it has been made at a competitive price. Share price is also not excited by the move.



Now they are angling for acquisition in Ethiopia as the entry route.
With that they will have cemented presence in the Eastern Africa region
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#644 Posted : Saturday, August 27, 2022 2:56:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
DRC acquisition and entry has gone quiet.
Are they finding challenges or developed cold feet

TMB inside. Additional USD 1.5B in new assets from TMB plus increase of 110 more branches, total branch count across the group to now stand at 462 across EAC


I mixed have feelings about this acquisition. Don't know whether it is just a money grab by insiders, whether the investment makes sense and whether it has been made at a competitive price. Share price is also not excited by the move.



Now they are angling for acquisition in Ethiopia as the entry route.
With that they will have cemented presence in the Eastern Africa region

The representative office in Ethiopia was opened in 2015. Getting full fledged operational presence should be a walk in the park

KQ ABP 4.26
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Ericsson
#645 Posted : Sunday, August 28, 2022 7:57:58 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
Ericsson wrote:
My 2 cents wrote:
obiero wrote:
Ericsson wrote:
DRC acquisition and entry has gone quiet.
Are they finding challenges or developed cold feet

TMB inside. Additional USD 1.5B in new assets from TMB plus increase of 110 more branches, total branch count across the group to now stand at 462 across EAC


I mixed have feelings about this acquisition. Don't know whether it is just a money grab by insiders, whether the investment makes sense and whether it has been made at a competitive price. Share price is also not excited by the move.



Now they are angling for acquisition in Ethiopia as the entry route.
With that they will have cemented presence in the Eastern Africa region

The representative office in Ethiopia was opened in 2015. Getting full fledged operational presence should be a walk in the park


The representative office has given them an opportunity to scrutinize the market and by now they have already identified the lender they will want to acquire.
They are just waiting for the right time to make the announcement and commence the process
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#646 Posted : Monday, September 12, 2022 6:15:52 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Next year is entry into Ethiopia.
Banking reforms to allow foreign banks to operate in the country are set concluded in Q4 2022.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#647 Posted : Monday, September 19, 2022 6:26:38 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
KCB Bank Kenya has injected over Ksh. 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector.
The Bank has been facilitating oil importation into the country by financing the oil firms under its portfolio that have won business under the Open Tender System (OTS) through the Ministry of Petroleum and Mining.
Under the OTS system, the winning oil marketer imports the fuels on behalf of the other firms using the confirmed allocations; the other oil marketers are
mandated to offtake their volumes upon arrival.
With the government indicating doing away with oil subsidies, the price of fuel in the country is set to surge in the coming months. Therefore, KCB’s contribution towards the stabilization of the prices in the short term will be vital.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Sir invest
#648 Posted : Wednesday, September 21, 2022 4:21:29 PM
Rank: Member

Joined: 8/19/2015
Posts: 125
The KCB share coming down like a thunder now @39 bob what's wrong?
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My 2 cents
#649 Posted : Thursday, September 22, 2022 5:29:59 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.
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Ericsson
#650 Posted : Friday, September 23, 2022 7:04:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
Sir invest wrote:
The KCB share coming down like a thunder now @39 bob what's wrong?


Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.


Even at Q3 you can still pay interim dividend just like they did last year.
Be patient even Stanbic and Standard Chartered Bank didn't pay interim dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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