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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Muthawamunene wrote:@Obiero Winda.co.ke is a great idea, but as with everything, presentation is key. I am offering to style your site and boost user experience thus enabling winda.co.ke to make a lasting impression. I am representing http://distinctive.co.ke/. Talk to us. Should you decide to, say that Moses referred you. Thank you for your time and consideration.. The same is self built hence lean design, but will definitely think about you when I need to upscale the aesthetic appeal HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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winston wrote:winston wrote:@obiero...thanks will check the forecasts out @obiero...tried registering into www.winda.co.ke but not able too...system not responding @winston thank you for highlighting the registration gap.. now sorted HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:When the interest rates cap law is repealed or reviewed share price shouldn't be trading at less than 80. The company will require ksh 40 billion to finalise nbk takeover.They will come asking the money from me and you in rights issue.Remember last year they had the same thoughts but shelved it after the scrip dividend and a 20 billion loan worked out the ratios. If it reaches here,your price of 80 will still be far.We will be glad to buy at 28-32. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ebenyo wrote:Ericsson wrote:When the interest rates cap law is repealed or reviewed share price shouldn't be trading at less than 80. The company will require ksh 40 billion to finalise nbk takeover.They will come asking the money from me and you in rights issue.Remember last year they had the same thoughts but shelved it after the scrip dividend and a 20 billion loan worked out the ratios. If it reaches here,your price of 80 will still be far.We will be glad to buy at 28-32. True.. The dynamics surrounding the rate cap are intense and scrapping it altogether may just be reasonable but impractical HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:When the interest rates cap law is repealed or reviewed share price shouldn't be trading at less than 80. The company will require ksh 40 billion to finalise nbk takeover.They will come asking the money from me and you in rights issue.Remember last year they had the same thoughts but shelved it after the scrip dividend and a 20 billion loan worked out the ratios. If it reaches here,your price of 80 will still be far.We will be glad to buy at 28-32. The take over haven't been confirmed and agreed up on. The sh.40bn isn't one off but will be done in a couple of years of which to avoid rights issues and stressing shareholders KCB might decided to retain more of their earnings and keep dividend flat even as profit grows. @ Ebenyo don't be so certain about rights issue Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Still too many moving parts..too many ifs...too many vested parties who wouldnt want the takeover/merger...
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Wondering if the KQ loans were written off as bad debts and if there is a deal with the airline come August 7, will these be written back into the books? Anyone with an idea?
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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http://feaffa.com/magazi...amp;utm_campaign=buffer
KCB Insurance has positioned itself to play a significant role in the provision of marine insurance solutions to the Kenyan importers and exporters following a government directive that came into force early this year. The Treasury Cabinet Secretary, Mr Henry Rotich, in his 2016-17 budget speech directed full enforcement of Section 20 of the Insurance Act, which requires all importers to demonstrate procurement of marine insurance from local insurers before cargo clearance, a requirement that was often ignored. KCB Insurance, the arm of KCB Group that offers insurance and risk management services to its customers since 2010 now hopes to tap more business from the over Kshs. 20 billion a year market the country has been ceding to foreign insurers in form of premiums. The Bank, which is undoubtedly the leader in trade finance to importers in Kenya and the region- providing all-inclusive solutions that include lending to facilitate trade across international borders and securing insurance for all logistics needs see this latest move as a huge boost to the country’s insurance industry, economic growth in general and creation of new jobs. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:http://feaffa.com/magazine/2017/06/29/kcb-bancassurance-eyes-more-marine-insurance-business/?utm_content=buffer55852&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
KCB Insurance has positioned itself to play a significant role in the provision of marine insurance solutions to the Kenyan importers and exporters following a government directive that came into force early this year. The Treasury Cabinet Secretary, Mr Henry Rotich, in his 2016-17 budget speech directed full enforcement of Section 20 of the Insurance Act, which requires all importers to demonstrate procurement of marine insurance from local insurers before cargo clearance, a requirement that was often ignored.
KCB Insurance, the arm of KCB Group that offers insurance and risk management services to its customers since 2010 now hopes to tap more business from the over Kshs. 20 billion a year market the country has been ceding to foreign insurers in form of premiums.
The Bank, which is undoubtedly the leader in trade finance to importers in Kenya and the region- providing all-inclusive solutions that include lending to facilitate trade across international borders and securing insurance for all logistics needs see this latest move as a huge boost to the country’s insurance industry, economic growth in general and creation of new jobs.
the insurance sector is not so profitable going by the results of some companies their.The bank should concetrate to the acquisitions and expansions i.e somalia and mozambique instead. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:http://feaffa.com/magazine/2017/06/29/kcb-bancassurance-eyes-more-marine-insurance-business/?utm_content=buffer55852&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
KCB Insurance has positioned itself to play a significant role in the provision of marine insurance solutions to the Kenyan importers and exporters following a government directive that came into force early this year. The Treasury Cabinet Secretary, Mr Henry Rotich, in his 2016-17 budget speech directed full enforcement of Section 20 of the Insurance Act, which requires all importers to demonstrate procurement of marine insurance from local insurers before cargo clearance, a requirement that was often ignored.
KCB Insurance, the arm of KCB Group that offers insurance and risk management services to its customers since 2010 now hopes to tap more business from the over Kshs. 20 billion a year market the country has been ceding to foreign insurers in form of premiums.
The Bank, which is undoubtedly the leader in trade finance to importers in Kenya and the region- providing all-inclusive solutions that include lending to facilitate trade across international borders and securing insurance for all logistics needs see this latest move as a huge boost to the country’s insurance industry, economic growth in general and creation of new jobs.
the insurance sector is not so profitable going by the results of some companies their.The bank should concetrate to the acquisitions and expansions i.e somalia and mozambique instead. They are looking at doing insurance for their loan products in-house Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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@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/idAFL8N1K843DWealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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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
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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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...
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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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.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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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
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Angelica _ann wrote:What capacity is diminishing yawa 2019 bado iko mbali #layman It's true. I am a layman. Investment philosophy development in progress...
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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alotoftalk wrote:Angelica _ann wrote: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 In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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[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
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Rank: Member Joined: 5/6/2008 Posts: 199
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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.
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