wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

136 Pages«<8687888990>»
KCB buy buy buy
Options
Previous Topic · Next Topic
Ericsson
#871 Posted : Tuesday, July 18, 2017 6:31:11 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@Ebenyo
Mozambique they should avoid at all costs.
Country is in financial turmoil and have defaulted again in repaying their eurobond

Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state "extremely limited" capacity to repay any money this year, the finance ministry said on Monday.

The repayment on the 2023 Eurobond - the disastrous $850 million 'tuna bond' - had been due on July 18

http://af.reuters.com/ar...ditiesNews/idAFL8N1K843D
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  | | Edit by user: Tuesday, July 18, 2017 6:36 PM | Reason: Not specified
VituVingiSana
#872 Posted : Tuesday, July 18, 2017 7:11:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
@Ebenyo
Mozambique they should avoid at all costs.
Country is in financial turmoil and have defaulted again in repaying their eurobond

Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state "extremely limited" capacity to repay any money this year, the finance ministry said on Monday.

The repayment on the 2023 Eurobond - the disastrous $850 million 'tuna bond' - had been due on July 18

http://af.reuters.com/ar...itiesNews/idAFL8N1K843D

When are Kenya's Eurobonds coming due?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Tuesday, July 18, 2017 11:06 PM | Reason: Not specified
alotoftalk
#873 Posted : Tuesday, July 18, 2017 9:29:29 PM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt

Investment philosophy development in progress...
Back to top
  |
winston
#874 Posted : Tuesday, July 18, 2017 9:47:36 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
my 2cents. KCB is an agent...it carries no risk. it only earns commission. therefore the poor underwriting results will not directly affect it. As for marine premiums...too much ado about nothing. The passing of the law increased the volumes to be insured locally...but simultaneously the premium rates fell to such low levels that the impact is cancelled out.
Back to top
  |
Angelica _ann
#875 Posted : Tuesday, July 18, 2017 10:37:06 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
alotoftalk wrote:
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt



What capacity is diminishing yawa 2019 bado iko mbali #layman
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
alotoftalk
#876 Posted : Tuesday, July 18, 2017 11:16:31 PM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
Angelica _ann wrote:
alotoftalk wrote:
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt



What capacity is diminishing yawa 2019 bado iko mbali #layman


It's true. I am a layman.
Investment philosophy development in progress...
Back to top
  |
Horton
#877 Posted : Wednesday, July 19, 2017 7:27:30 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Back to top
  |
Angelica _ann
#878 Posted : Wednesday, July 19, 2017 10:18:25 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
alotoftalk wrote:
Angelica _ann wrote:
alotoftalk wrote:
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt



What capacity is diminishing yawa 2019 bado iko mbali #layman


It's true. I am a layman.

Pole, I meant my reasoning is the layman smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
Ebenyo
#879 Posted : Wednesday, July 19, 2017 12:25:36 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
[quote=Ericsson]@Ebenyo
Mozambique they should avoid at all costs.
Country is in financial turmoil and have defaulted again in repaying their eurobond

Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state "extremely limited" capacity to repay any money this year, the finance ministry said on Monday.

The repayment on the 2023 Eurobond - the disastrous $850 million 'tuna bond' - had been due on July 18

http://af.reuters.com/ar...itiesNews/idAFL8N1K843D[/quote]

......... .........................

It seems the management took notice of it.The idea was talked about in 2015 and since then nothing has been forthcoming.Its okey if thats the situation in mozambique.Somalia will be ripe once al-shabaab threat is eliminated.
Towards the goal of financial freedom
Back to top
  | | Edit by user: Wednesday, July 19, 2017 12:27 PM | Reason: Not specified
tandich
#880 Posted : Wednesday, September 27, 2017 9:34:24 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
https://twitter.com/Sang...atus/912926746332291072

I stumbled upon this on Twitter. I wonder what the effect of IFRS9 will be on KCB's numbers.
Back to top
  |
136 Pages«<8687888990>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.