I think Sidian should pay its taxes to KRA in bankers' chqs! ... I wonder what CBK has to say about that.

That said... it's rumors like these that can cause stress for otherwise healthy banks.

@MuandiWambeu - Centum can find a partner [or foreign bank] which wants to be in Kenya to inject cash OR sell out. Take the loss and be done.

@alotoftalk - I think they should look for a banking partner who can bring money/equity as well as skills to the table.

Heeeelp! Anyone?

Thats a daft move. I sold out at 42/- glad I did. Reason I sold was:
1. Didnt understand their strategy anymore
2. They have sold alot of their assets KWAL, 2 rivers etc what would they use in future to prop up their profits? What else do they have remaining with the exception of NAS, NAIROBI bottlers & Almasi? Maybe the veggie export co?
3. Sidian was a major factor in my selling. Not an industry leader by a long shot.

From the proceeds of this sale, ended up buying more simba at 37-38

Two things
1. At kshs 3.9 to a range of 5 bob, deacons becomes a good buy target as i believe it has a wrong strategy that can be twicked
2. I am beginning to rethink my holdings in Banks, nobody is saying it for fear, but our banks are now beginning to hol;d toxic assets...think about loans to Kq, Nakumatt, Uchumi, Cables etc.....

Owners of companies tend to be over optimistic