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KCB buy buy buy
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VituVingiSana
#81 Posted : Tuesday, December 31, 2013 1:23:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
From what I gather 11% of profits came from SS for KCB. For discussion purposes, if the SS profit in 2014 is halved then the hurt will be in the EPS. Applying a PER to the EPS means the price MAY [not will] fall. KCB has been playing fast & loose with NPL exposure. Look at the 3Q results with a HUGE net exposure to NPLs. This will grow with SS problems if they have lent to entities with assets [cars, trucks] stuck in SS.

I think NIC, DTB & I&M are better bets with growth in more stable but less profitable countries like Rwanda & Tanzania.

Who is going to deposit cash into KCB (SS) at this time? If anything, folks will go to take their cash out. During a war or panic, cash is 'valuable' in hand not in a bank account!

Longer Term: I expect SS to calm down & that's the time I will look at KCB [hoping the price falls substantially]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kaffir
#82 Posted : Thursday, January 16, 2014 10:22:51 PM
Rank: Member

Joined: 5/8/2008
Posts: 77
Looks KCB will take abit of a hit after all

http://www.thepeople.co....d-south-sudan-conflict/

Especially if the business wasnt insured! I presume they were the only Kenya bank operating in Bentiu, so a US$500,000 loss in that branch alone!

http://www.star-telegram...ence-seen-in-south.html

We wait to see how it will be reflected in their books - whether end year 2013, or q1 2014 books
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obiero
#83 Posted : Thursday, January 16, 2014 11:12:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Kaffir wrote:
Looks KCB will take abit of a hit after all

http://www.thepeople.co....d-south-sudan-conflict/

Especially if the business wasnt insured! I presume they were the only Kenya bank operating in Bentiu, so a US$500,000 loss in that branch alone!

http://www.star-telegram...ence-seen-in-south.html

We wait to see how it will be reflected in their books - whether end year 2013, or q1 2014 books

Surely @kaffir you needed 1month to arrive at that observation? @wazua republic dont blindy follow that simplistic fellow who was mentioning write offs!

KQ ABP 4.26
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jawgey
#84 Posted : Friday, January 17, 2014 3:10:25 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Kaffir wrote:
Looks KCB will take abit of a hit after all

http://www.thepeople.co....d-south-sudan-conflict/

Especially if the business wasnt insured! I presume they were the only Kenya bank operating in Bentiu, so a US$500,000 loss in that branch alone!

http://www.star-telegram...ence-seen-in-south.html

We wait to see how it will be reflected in their books - whether end year 2013, or q1 2014 books


i highly doubt they werent insured. ofcos they knew they were entering in a risky country to do business. nevertheless, business was disrupted and it will definitely be reflected in their books
Seeing is believing
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obiero
#85 Posted : Saturday, February 01, 2014 6:08:54 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
everyone is quiet.. still buy buy buy? :)

KQ ABP 4.26
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VituVingiSana
#86 Posted : Saturday, February 01, 2014 11:30:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
everyone is quiet.. still buy buy buy? :)
It is good to see prices falling further. I am waiting for a comfy entry level in some stocks I missed out on.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#87 Posted : Monday, February 03, 2014 1:46:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
http://www.businessdaily.../-/8vn0etz/-/index.html

Bad loans jump to Sh80bn over late pay to contractors - NPLs are going to grow even further with the current CBK rules. And KCB is one of the larger lenders in the government construction business.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#88 Posted : Tuesday, February 04, 2014 7:37:47 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
ule mtu wa 'profits even if we write off south sudan' yuko wapi???? as I often say, the best vision is foresight www.businessdailyafrica....4/-/14r01tb/-/index.html

KQ ABP 4.26
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SittingPretty
#89 Posted : Wednesday, February 26, 2014 3:05:20 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
What's the volume spike on KCB?
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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FUNKY
#90 Posted : Wednesday, February 26, 2014 3:18:18 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
It maybe some good news must have been leaked as results are due anytime.
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