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KCB FY 2015 PBT +12% and PAT +16%
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enyands
#51 Posted : Wednesday, March 02, 2016 5:13:19 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
A rate value per share will be determined to divide by the amount of money i.e ksh.3.025bn to know how many additional shares will be issued and the conversion factor e.g 1 for every 8,7


So a special way will be considered apart from market value. If that's the case then that's good
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enyands
#52 Posted : Wednesday, March 02, 2016 5:17:25 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
madebe wrote:
Pesa Nane wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Ericsson wrote:
A rate value per share will be determined to divide by the amount of money i.e ksh.3.025bn to know how many additional shares will be issued and the conversion factor e.g 1 for every 8,7

d'oh!


SIMPLIFIED: if you had 1,000 your dividends will be 2.00*1000*.95= 1,900. you will receive ghalf in cash ie 950/. if they dicided that each share will be 40 bob it means your scrip will be 950/40 which equals to 23 shares. it therefore means that price is the one that will determine if you accept the scrip or take cash dividends...Liberty sold their scrip close to the market price, EABL sold their scrip above the market price and that is how DIAGEO became to own over 50% of EABL



I dont think it's a matter of choice . They will impliment it.if it's a matter of choice then it will lead to financial complications. They will handle it above the board.try to imagine sending letters to every shareholder to make a choice ?? Disaster
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mlennyma
#53 Posted : Wednesday, March 02, 2016 5:31:53 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
enyands wrote:
madebe wrote:
Pesa Nane wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Ericsson wrote:
A rate value per share will be determined to divide by the amount of money i.e ksh.3.025bn to know how many additional shares will be issued and the conversion factor e.g 1 for every 8,7

d'oh!


SIMPLIFIED: if you had 1,000 your dividends will be 2.00*1000*.95= 1,900. you will receive ghalf in cash ie 950/. if they dicided that each share will be 40 bob it means your scrip will be 950/40 which equals to 23 shares. it therefore means that price is the one that will determine if you accept the scrip or take cash dividends...Liberty sold their scrip close to the market price, EABL sold their scrip above the market price and that is how DIAGEO became to own over 50% of EABL



I dont think it's a matter of choice . They will impliment it.if it's a matter of choice then it will lead to financial complications. They will handle it above the board.try to imagine sending letters to every shareholder to make a choice ?? Disaster

liberty send letters to all of us instructing if you want the shares don't take any action on the letter only those who wanted cash returned it
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Wednesday, March 02, 2016 5:33 PM | Reason: Not specified
murchr
#54 Posted : Wednesday, March 02, 2016 5:57:01 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
Ericsson wrote:
@murchr,littledove and mlennyama;
The formula is as below;
KCB is to give a dividend of sh.2 per share which translates to ksh.6.05bn if u multiply sh.2 by the number of issued shares of 3.025bn.
Instead they have decided to give ksh.1 in cash and sh.1 in script dividend.
NB:@littledove-shareholder has no choice to choose whether to take script dividend or cash.
The par value of KCB share is ksh.1 and the total number of issued shares is 3.025bn
After giving the ksh.3.025bn as dividend based on sh.1 per share,the balance remaining is ksh.3.025bn.
This ksh.3.025bn instead of giving in cash kcb gives u shares instead.
Divide ksh.3.025bn/sh.1 gives u 3.025bn shares
Divide script dividend of sh.1 by the par value sh.1 gives u 1 which means bonus of 1:1
Etc eTc etC


Wrong, They will determine the conversion price. It won't be 1.00. Possibly a price very close to current market price.


@Ericsson

Wrong.

That KES 1/- is just that.

So if you have 100 shares, you will get KES100 worth of shares

If they choose to give the "extra" shares at KES38 then at the end of it all you get 2.xy shares minus taxes.

The other KES 1/- will be paid out
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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enyands
#55 Posted : Wednesday, March 02, 2016 6:05:41 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
mlennyma wrote:
enyands wrote:
madebe wrote:
Pesa Nane wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Ericsson wrote:
A rate value per share will be determined to divide by the amount of money i.e ksh.3.025bn to know how many additional shares will be issued and the conversion factor e.g 1 for every 8,7

d'oh!


SIMPLIFIED: if you had 1,000 your dividends will be 2.00*1000*.95= 1,900. you will receive ghalf in cash ie 950/. if they dicided that each share will be 40 bob it means your scrip will be 950/40 which equals to 23 shares. it therefore means that price is the one that will determine if you accept the scrip or take cash dividends...Liberty sold their scrip close to the market price, EABL sold their scrip above the market price and that is how DIAGEO became to own over 50% of EABL



I dont think it's a matter of choice . They will impliment it.if it's a matter of choice then it will lead to financial complications. They will handle it above the board.try to imagine sending letters to every shareholder to make a choice ?? Disaster

liberty send letters to all of us instructing if you want the shares don't take any action on the letter only those who wanted cash returned it


Curious to see how kcb will handle it
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kiash
#56 Posted : Wednesday, March 02, 2016 7:21:02 PM
Rank: Veteran

Joined: 4/27/2010
Posts: 951
Location: Nyumbani
madebe wrote:
enyands wrote:
Ericsson wrote:
@murchr,littledove and mlennyama;
The formula is as below;
KCB is to give a dividend of sh.2 per share which translates to ksh.6.05bn if u multiply sh.2 by the number of issued shares of 3.025bn.
Instead they have decided to give ksh.1 in cash and sh.1 in script dividend.
NB:@littledove-shareholder has no choice to choose whether to take script dividend or cash.NOT CORRECT!!!!u have a choice to accept or not!!
The par value of KCB share is ksh.1 and the total number of issued shares is 3.025bn
After giving the ksh.3.025bn as dividend based on sh.1 per share,the balance remaining is ksh.3.025bn.
This ksh.3.025bn instead of giving in cash kcb gives u shares instead.
Divide ksh.3.025bn/sh.1 gives u 3.025bn shares
Divide script dividend of sh.1 by the par value sh.1 gives u 1 which means bonus of 1:1 Again wrong. A scrip is not a bonus. This is why people need to attend George Mangs training on Young NSE investors
Etc eTc etC


So it will be market rate used on the 3.025b to issue shares or will there be a special rate



I do not know about this scrip thing . Who is George Mangs am interested
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Aguytrying
#57 Posted : Wednesday, March 02, 2016 8:12:20 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@Ericsson. I hope you've understood.

@kaish. Muchur and medebe are correct
The investor's chief problem - and even his worst enemy - is likely to be himself
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Realtreaty
#58 Posted : Wednesday, March 02, 2016 8:48:11 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Yield time....wakule kabisa
SCRIP DIVIDEND
Provisional certificate issued (at the option of individual stock/shareholders) by a firm strapped for cash (but having adequate retained earnings) in lieu of cash dividend. It may take the form of (1) a promissory note discountable before its due date, also called liabilitydividend, or (2) common stock (ordinary shares) reflecting capitalization of a part of reserves (retained earnings). Also called capitalization issue, it allows the holders to increase the size of their shareholding without incurring associated costs, and the issuing firm to retain cash for expansion.
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  | | Edit by user: Wednesday, March 02, 2016 8:49 PM | Reason: Not specified
VituVingiSana
#59 Posted : Thursday, March 03, 2016 12:08:25 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Kausha wrote:
The Kenya operations unable to convert the loan growth into income is surprising.

What many have missed.
Plus the huge KES 6.1bn write-off for SS taken below the line. And the 3.7bn increase in Loan Loss Reserve. And the reduction in provisions for 1bn.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, March 03, 2016 12:09 AM | Reason: Not specified
VituVingiSana
#60 Posted : Thursday, March 03, 2016 12:12:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
delllatitude wrote:
With the huge book value of US dollar loans in South Sudan, coupled with the worsening economy and devaluation of the SS Pound, I wonder how KCB managed to reduce the loan provisions in P&L by 1 billion.
It's all about Liar Liar Liar
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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