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Factors Ailing the KCB Stock at the NSE

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the deal		#1 Posted : Sunday, October 16, 2011 10:41:53 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		One can hardly believe that the Kenya Commercial Bank (KCB) stock was the top performer at the Nairobi Stock Exchange (NSE) during the 1Q of 2011, ever since hitting a 52 Week high of Sh27 early this year the stock has been on a downward spiral recently setting a 52 Week low of Sh14.80, as i write the stock is currently being quoted at the NSE at Sh14.90, it's one 1 Year return stands at -31% making it one of the worst performing banking stocks at the NSE after National Bank of Kenya which has returned -43% over 1 Year. So what has gone wrong for the once darling stock of foreign investors at the NSE? Read more here http://www.contrarianinv...stock-at-the-nse.html
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mlennyma		#2 Posted : Monday, October 17, 2011 8:46:28 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		I sometimes in april cried for this stock to drop to 21 for me to get in but now it appears like a dream. "Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa		#3 Posted : Monday, October 17, 2011 9:12:17 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		mlennyma wrote: I sometimes in april cried for this stock to drop to 21 for me to get in but now it appears like a dream. Bad news sells so i'm buying more today cheers @deal
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mlennyma		#4 Posted : Monday, October 17, 2011 9:21:56 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30 "Don't let the fear of losing be greater than the excitement of winning."
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Kihangeri		#5 Posted : Monday, October 17, 2011 9:26:43 AM
Rank: User Joined: 11/10/2010 Posts: 550 Location: Junction		the deal wrote: One can hardly believe that the Kenya Commercial Bank (KCB) stock was the top performer at the Nairobi Stock Exchange (NSE) during the 1Q of 2011, ever since hitting a 52 Week high of Sh27 early this year the stock has been on a downward spiral recently setting a 52 Week low of Sh14.80, as i write the stock is currently being quoted at the NSE at Sh14.90, it's one 1 Year return stands at -31% making it one of the worst performing banking stocks at the NSE after National Bank of Kenya which has returned -43% over 1 Year. So what has gone wrong for the once darling stock of foreign investors at the NSE? Read more here http://www.contrarianinv...stock-at-the-nse.html Problem with KCB is management. How can Equity with 171b make more profits than KCB which has 288b? It means KCB management have an IQ below 70% By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar... Gaitho dialogues.
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Cde Monomotapa		#6 Posted : Monday, October 17, 2011 9:28:14 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		mlennyma wrote: Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30 Yap. The best I got in 09 was at 16 flat with a combo of the Devani scandal (of which we've auctioned his stuff already )
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Cde Monomotapa		#7 Posted : Monday, October 17, 2011 9:31:05 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Btw, KCB Group has filled up the Snr. Exec slots. Of note is the Marketing Director. A Ms. Angela Mwirigi formely of EABL. Article is on BD.
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Sufficiently Philanga....thropic		#8 Posted : Monday, October 17, 2011 10:27:38 AM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		mlennyma wrote: Even during the meltdown kcb didnt go below 15.this is a straight buy..it actually reminds of crownberger which sometimes back dropped from 40's to only 10bob but rallied within 2wks to 30 Also factor in dilution of the share due to last year's rights issue by about 33.9%. There was also some bit of selling by the guys who were shown the door! 11 might easily print! This is where i would come in! @SufficientlyP
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Jamani		#9 Posted : Monday, October 17, 2011 10:35:08 AM
Rank: Elder Joined: 9/12/2006 Posts: 1,554		[/quote] Problem with KCB is management. How can Equity with 171b make more profits than KCB which has 288b? It means KCB management have an IQ below 70% [/quote] Ouch!! "It means KCB management have an IQ below 70%"
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mlennyma		#10 Posted : Monday, October 17, 2011 10:51:26 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Kcb is just imitating the barclays share which is now gaining. instead of much talk get busy buying it and never say the elders never guided you. "Don't let the fear of losing be greater than the excitement of winning."
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