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Rank: Chief Joined: 1/3/2007 Posts: 18,343 Location: Nairobi
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enyands wrote:VituVingiSana wrote:PKoli wrote:@VVS,
Well stated.
What's your opinion on NIC and KCB? This is a KenGen thread!  NIC - I like John Gachora and his FD. The NPLs worry me. KCB - I cannot put my finger on it but something doesn't sit right with me when I look at KCB. Look at their NPLs, NNPLs, low level of provisions vs NPLs. Also the Net NPL exposure has increased by 4.1bn in the past 12 months. He hates any government held stock. Govt has shares in kcb.in vvs eyes run away  There's more to KCB than that. Like I said, my gut feeling is there's something we do not know. Or I do not know. BTW, who 'controls' KCB? Who has the influence to influence the hiring of board members and senior management? Ndegwas control NIC with 25% (or more) ownership. Shahs control I&M with various trusts/owners/firms 33%+ BB controls BBK. 50%+ SC controls SCBK. 50%+ GoK/NSSF controls NBK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:enyands wrote:VituVingiSana wrote:PKoli wrote:@VVS,
Well stated.
What's your opinion on NIC and KCB? This is a KenGen thread! NIC - I like John Gachora and his FD. The NPLs worry me. KCB - I cannot put my finger on it but something doesn't sit right with me when I look at KCB. Look at their NPLs, NNPLs, low level of provisions vs NPLs. Also the Net NPL exposure has increased by 4.1bn in the past 12 months. He hates any government held stock. Govt has shares in kcb.in vvs eyes run away There's more to KCB than that. Like I said, my gut feeling is there's something we do not know. Or I do not know. BTW, who 'controls' KCB? Who has the influence to influence the hiring of board members and senior management? Ndegwas control NIC with 25% (or more) ownership. Shahs control I&M with various trusts/owners/firms 33%+ BB controls BBK. 50%+ SC controls SCBK. 50%+ GoK/NSSF controls NBK. Top 10 Shareholders. Profile them and tell us who you think controls it.
1.Government of Kenya 523,600,000 17.5%
2. National Social Security Fund Kenya 227,436,743 7.62%
3. Karsandas Babla Kanaksingh 47,002,660 1.58%
4. Norges Bank Investment Management 46,881,418 1.57%
5. Schroder Investment Management Ltd. 28,706,100 0.96%
6. Old Mutual Investment Group (Pty) Ltd. 17,169,401 0.58%
7. Harding Loevner LP 15,075,300 0.51%
8. Templeton Asset Management Ltd. (Hong Kong) 14,170,571 0.47%
9. Parametric Portfolio Associates LLC 13,977,720 0.47%
10. JPMorgan Asset Management (UK) Ltd. 13,327,972 0.45%
Am very weary about family/individual controlled stocks...the Rawat scandal was enough to make people run from Britam "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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Rank: Chief Joined: 1/3/2007 Posts: 18,343 Location: Nairobi
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murchr wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:PKoli wrote:@VVS,
Well stated.
What's your opinion on NIC and KCB? This is a KenGen thread! NIC - I like John Gachora and his FD. The NPLs worry me. KCB - I cannot put my finger on it but something doesn't sit right with me when I look at KCB. Look at their NPLs, NNPLs, low level of provisions vs NPLs. Also the Net NPL exposure has increased by 4.1bn in the past 12 months. He hates any government held stock. Govt has shares in kcb.in vvs eyes run away There's more to KCB than that. Like I said, my gut feeling is there's something we do not know. Or I do not know. BTW, who 'controls' KCB? Who has the influence to influence the hiring of board members and senior management? Ndegwas control NIC with 25% (or more) ownership. Shahs control I&M with various trusts/owners/firms 33%+ BB controls BBK. 50%+ SC controls SCBK. 50%+ GoK/NSSF controls NBK. Top 10 Shareholders. Profile them and tell us who you think controls it.
1.Government of Kenya 523,600,000 17.5%
2. National Social Security Fund Kenya 227,436,743 7.62%
3. Karsandas Babla Kanaksingh 47,002,660 1.58%
4. Norges Bank Investment Management 46,881,418 1.57%
5. Schroder Investment Management Ltd. 28,706,100 0.96%
6. Old Mutual Investment Group (Pty) Ltd. 17,169,401 0.58%
7. Harding Loevner LP 15,075,300 0.51%
8. Templeton Asset Management Ltd. (Hong Kong) 14,170,571 0.47%
9. Parametric Portfolio Associates LLC 13,977,720 0.47%
10. JPMorgan Asset Management (UK) Ltd. 13,327,972 0.45%
Am very weary about family/individual controlled stocks...the Rawat scandal was enough to make people run from Britam GoK. Unless NSSF opposes GoK it will be hard for the other shareholders to gang up to outvote GoK. If GoK + NSSF vote together then getting the others to vote against them is nigh impossible. Based on your criterion, you would not buy Berkshire Hathaway. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:murchr wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:PKoli wrote:@VVS,
Well stated.
What's your opinion on NIC and KCB? This is a KenGen thread! NIC - I like John Gachora and his FD. The NPLs worry me. KCB - I cannot put my finger on it but something doesn't sit right with me when I look at KCB. Look at their NPLs, NNPLs, low level of provisions vs NPLs. Also the Net NPL exposure has increased by 4.1bn in the past 12 months. He hates any government held stock. Govt has shares in kcb.in vvs eyes run away There's more to KCB than that. Like I said, my gut feeling is there's something we do not know. Or I do not know. BTW, who 'controls' KCB? Who has the influence to influence the hiring of board members and senior management? Ndegwas control NIC with 25% (or more) ownership. Shahs control I&M with various trusts/owners/firms 33%+ BB controls BBK. 50%+ SC controls SCBK. 50%+ GoK/NSSF controls NBK. Top 10 Shareholders. Profile them and tell us who you think controls it.
1.Government of Kenya 523,600,000 17.5%
2. National Social Security Fund Kenya 227,436,743 7.62%
3. Karsandas Babla Kanaksingh 47,002,660 1.58%
4. Norges Bank Investment Management 46,881,418 1.57%
5. Schroder Investment Management Ltd. 28,706,100 0.96%
6. Old Mutual Investment Group (Pty) Ltd. 17,169,401 0.58%
7. Harding Loevner LP 15,075,300 0.51%
8. Templeton Asset Management Ltd. (Hong Kong) 14,170,571 0.47%
9. Parametric Portfolio Associates LLC 13,977,720 0.47%
10. JPMorgan Asset Management (UK) Ltd. 13,327,972 0.45%
Am very weary about family/individual controlled stocks...the Rawat scandal was enough to make people run from Britam GoK. Unless NSSF opposes GoK it will be hard for the other shareholders to gang up to outvote GoK. If GoK + NSSF vote together then getting the others to vote against them is nigh impossible. Based on your criterion, you would not buy Berkshire Hathaway. I would buy Berkshire because Buffets family is not directly involved in running of the businesses. As for those examples you've given above, i do not trust their integrity and succession plans "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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Rank: Chief Joined: 1/3/2007 Posts: 18,343 Location: Nairobi
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murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:PKoli wrote:@VVS,
Well stated.
What's your opinion on NIC and KCB? This is a KenGen thread! NIC - I like John Gachora and his FD. The NPLs worry me. KCB - I cannot put my finger on it but something doesn't sit right with me when I look at KCB. Look at their NPLs, NNPLs, low level of provisions vs NPLs. Also the Net NPL exposure has increased by 4.1bn in the past 12 months. He hates any government held stock. Govt has shares in kcb.in vvs eyes run away There's more to KCB than that. Like I said, my gut feeling is there's something we do not know. Or I do not know. BTW, who 'controls' KCB? Who has the influence to influence the hiring of board members and senior management? Ndegwas control NIC with 25% (or more) ownership. Shahs control I&M with various trusts/owners/firms 33%+ BB controls BBK. 50%+ SC controls SCBK. 50%+ GoK/NSSF controls NBK. Top 10 Shareholders. Profile them and tell us who you think controls it.
1.Government of Kenya 523,600,000 17.5%
2. National Social Security Fund Kenya 227,436,743 7.62%
3. Karsandas Babla Kanaksingh 47,002,660 1.58%
4. Norges Bank Investment Management 46,881,418 1.57%
5. Schroder Investment Management Ltd. 28,706,100 0.96%
6. Old Mutual Investment Group (Pty) Ltd. 17,169,401 0.58%
7. Harding Loevner LP 15,075,300 0.51%
8. Templeton Asset Management Ltd. (Hong Kong) 14,170,571 0.47%
9. Parametric Portfolio Associates LLC 13,977,720 0.47%
10. JPMorgan Asset Management (UK) Ltd. 13,327,972 0.45%
Am very weary about family/individual controlled stocks...the Rawat scandal was enough to make people run from Britam GoK. Unless NSSF opposes GoK it will be hard for the other shareholders to gang up to outvote GoK. If GoK + NSSF vote together then getting the others to vote against them is nigh impossible. Based on your criterion, you would not buy Berkshire Hathaway. I would buy Berkshire because Buffets family is not directly involved in running of the businesses. As for those examples you've given above, i do not trust their integrity and succession plans I agree. You should stick with KenGen. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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Please can someone explain what it means for the KEGNR selling at 0.05 in the market.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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It means if for example you have 1000 kengen rights issue allocated to you. If you don't want to participate in the rights and would like to sell them in the mkt your proceeds will be 1000*0.05=ksh.50 then deduct brokerage charges Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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Ericsson wrote:It means if for example you have 1000 kengen rights issue allocated to you.
If you don't want to participate in the rights and would like to sell them in the mkt your proceeds will be
1000*0.05=ksh.50 then deduct brokerage charges Thanks, understood for the case of the seller. What about the case of the buyer who will take these rights?
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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The buyer who will take the rights you are selling will buy at 6.55+0.05=6.60 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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Ericsson wrote:The buyer who will take the rights you are selling will buy at 6.55+0.05=6.60 Ok, got it thanks.
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