Wazua
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Now Imperial Bank under receivership for 12 months
Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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The GM Janmohammed died a few months back, no?
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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a polite reminder on companies/stocks not to touch in the short term: transcentury, sameer, britam, eveready, express, kq, marshalls, olympia, carbacid, eabl, eapc, msc, home afrika, tpsea, kurwitu, uchumi
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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liquidity ratios are finishing the smaller banks. consolidated, development and national banks are merging so as to survive.. this is good for the industry but bad for the customer of affected banks that may go under
KQ ABP 4.26
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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obiero wrote:a polite reminder on companies/stocks not to touch in the short term: transcentury, sameer, britam, eveready, express, kq, marshalls, olympia, carbacid, eabl, eapc, msc, home afrika, tpsea, kurwitu, uchumi How did you arrive at this conclusion?
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Rank: Elder Joined: 10/1/2009 Posts: 2,436
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2 banks within a 2-month span? Under a new Guvnor?
Dubai and Imperial Bank shenanigans took months-to-years to happen, didnt just happen overnight, so why didn't Prof Ndung'u funga them?
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Rank: Elder Joined: 8/1/2008 Posts: 1,432 Location: Marsabit
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lisaox wrote:For a bank that recently posted KES 2 billion profits after tax in the quarter ending March 2015 (https://www.imperialbankgroup.com/ke/wp-content/uploads/2014/05/Q1-2015-financials.pdf) this is incredible. CBK should take responsibility for this now, they are clearly not performing their supervisory role as effectively as they should. Found this strange too. Profits.. then problems? Mhn.. Nevermind what haters say, ignore them til they fade away - Just live your life
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Did the son take over or what ?
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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streetwise wrote:Tafathali Wazuans we need to dig this and leave no stone unturned.
The purpose is this would be a lesson to Wanjiku not to invest in such banks or management.
We are waittiiiiiing
Could this news show the FOOLS in us all? I have scanned through financial statements of this mid-tier bank https://www.imperialbankgroup.co...us/financial-statements/, and how in the hell do we foresee this coming to this mid-tier bank, linked to Alnasir-Popat family, auditors PKF, capital above CBK ratios? Okay many business empires link a bank to their holdings money remains in the conglomerate and for financing, and do incorporate younger family members, are in real estate, but is that enough? (Kenblest, Imperial Court/Eaton Place, PathCare, Coolxtreme) Investment needs more than intellect.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:a polite reminder on companies/stocks not to touch in the short term: transcentury, sameer, britam, eveready, express, kq, marshalls, olympia, carbacid, eabl, eapc, msc, home afrika, tpsea, kurwitu, uchumi Finally KQ is on list Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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muganda wrote:This new CBK, quite decisive. All things aside, better to salvage when there's life left, than working with a carcass.
Wow, new brooms sweeping very clean. So what now for the bond-holders? “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Now Imperial Bank under receivership for 12 months
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