muandiwambeu wrote:Ebenyo wrote:muandiwambeu wrote:mlennyma wrote:Ebenyo wrote:mlennyma wrote:Quote:
Kenya power was the highest loser for the week as its stock sunk 10.20%. The other losers for the week were Coop, Britam and KCB whose shares declined by 7.32%, 5.17% and 3.01% respectively. KCB has scaled down its operations in war torn South Sudan. This has led to the closure of 19 of its branches.
The board should consider pulling out of south sudan.Last financial year,the business returned a loss of kshs 6 billion.Now this war again means there will be losses.
rent on leased properties and idle staff
Hot potato. saw some deep pocketed guy pump in a B and market nudists started yapping that buy slogan- fuata big money now bleeding the nudist nini. who was that guys investment advisor? Artur brothers needs to open an office in Kenya. hapa iko kazi.
Stock market sio ya .......
@mundiwambeu,my brother,i dont get your point.
@ebenyo, different people invest for different reasons. some buy hype and sell irk. imagine your sweat worth a billion and above giving u ulcers, and bps and chumvis and all manner of maladies as you watch it get halved, quartered and diluted/ dilated in less than a years time. then u would know the true taste and colour of pain ebenyo. just when u thought waring factions in ss have squared it out, you r taken a back by a cloud of a ever dilutive rights issue, before you are even an inch deep thinking how to defend the rights issue debacle, the cursed fat cat is back flirting with the wrong kid in the block again-chasebank and the soldiers boys are burning down your town-ss in daylight.
if a stock won't get you 3x returns in a bear market, leave .xy returns to kina karasingas and forget it. period.
if you r not getting me yet, have some tym and read through this thread and u will find it somewhere. or you are scared having eaten the commission.
I now get u.I understand the pain.But dont get discouraged.KCB looks fundamentally strong.What is happening is the usual challenges that every business goes through.
1.Increasing NPLs-This is alarming.They currently stand at kshs 30 billion.
Recent press reports indicates this will have reduced by 7% when we get the quater 3 results in Nov.
2.South Sudan- The management has scaled down operations their.19 branches have been closed.
Lets hope Marchar and Kiir will put things in order for their country.
The board of directors should consider pulling out if the problem persist.There are other targets to concetrate venturing i.e somalia and mozambique.
3.Rights Issue-The board said the main reason was to raise kshs 10 billion.This money should be used for expansion.Either Somalia or Mozambique.
I didnt attend the AGM,but since it was approved by majority shareholders,we will go with them.
4.Chase bank-dont get worried about the probability of kcb acquiring it.The thieves who stole the money their,are no longer around.If kcb buys,it will be directly under its management.They are still doing due dilligence of the viability of chase bank and they will let us know if its profitable or not.You should know that a big chunk of SME was their and thats a good catch.
Take advantage of the falling price to increase your stake.Remember during the last bull run kcb reached ksh 60 per share! So the current price of 32 is a bargain.
Kcb is a good company to put your money.The CEO,Oigara,is a youngman who is focused and innovative.
Towards the goal of financial freedom