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Portfolio Balancing: Avoid Over Exposure To Financial Sector
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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obiero wrote:Mkondoa Macho wrote:Banks have been taking a beating lately. The only bank that is thriving is Diamond Trust because it is geographically diversified. Other banks should start focusing on subsidiaries in other nations. Locally, they should think of alternative revenue streams to improve profitability. Unfortunately, they cant boost volumes with the low margins because it would essentially mean risky lending. The banking bonanza in Kenya is over. Banks better pay attention to their subsidiaries where there are no caps. I could be wrong but I think I&M, KCB, Equity & COOP are also present beyond Kenya The ex-Kenya operations for these 3 are less than 20% of their total business. Kenya remains "king" for these banks. That said, Equity and I&M have been increasing their ex-Kenya presence. Equity - Procredit in DRC has replaced South Sudan I&M - BankOne in Mauritius has been growing in importance Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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VituVingiSana wrote:obiero wrote:Mkondoa Macho wrote:Banks have been taking a beating lately. The only bank that is thriving is Diamond Trust because it is geographically diversified. Other banks should start focusing on subsidiaries in other nations. Locally, they should think of alternative revenue streams to improve profitability. Unfortunately, they cant boost volumes with the low margins because it would essentially mean risky lending. The banking bonanza in Kenya is over. Banks better pay attention to their subsidiaries where there are no caps. I could be wrong but I think I&M, KCB, Equity & COOP are also present beyond Kenya The ex-Kenya operations for these 3 are less than 20% of their total business. Kenya remains "king" for these banks. That said, Equity and I&M have been increasing their ex-Kenya presence. Equity - Procredit in DRC has replaced South Sudan I&M - BankOne in Mauritius has been growing in importance It would take a miracle for a Kenyan bank to be the largest bank in a foreign country without adequate government holding by the foreign state.. Meanwhile, sell all bank stocks apart from COOP & KCB, if you have to hold
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:VituVingiSana wrote:obiero wrote:Mkondoa Macho wrote:Banks have been taking a beating lately. The only bank that is thriving is Diamond Trust because it is geographically diversified. Other banks should start focusing on subsidiaries in other nations. Locally, they should think of alternative revenue streams to improve profitability. Unfortunately, they cant boost volumes with the low margins because it would essentially mean risky lending. The banking bonanza in Kenya is over. Banks better pay attention to their subsidiaries where there are no caps. I could be wrong but I think I&M, KCB, Equity & COOP are also present beyond Kenya The ex-Kenya operations for these 3 are less than 20% of their total business. Kenya remains "king" for these banks. That said, Equity and I&M have been increasing their ex-Kenya presence. Equity - Procredit in DRC has replaced South Sudan I&M - BankOne in Mauritius has been growing in importance It would take a miracle for a Kenyan bank to be the largest bank in a foreign country without adequate government holding by the foreign state.. Meanwhile, sell all bank stocks apart from COOP & KCB, if you have to hold Great point indeed.Co-op did well to patner with govt of south sudan.That will aid their growth their in the long run. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Ebenyo wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Mkondoa Macho wrote:Banks have been taking a beating lately. The only bank that is thriving is Diamond Trust because it is geographically diversified. Other banks should start focusing on subsidiaries in other nations. Locally, they should think of alternative revenue streams to improve profitability. Unfortunately, they cant boost volumes with the low margins because it would essentially mean risky lending. The banking bonanza in Kenya is over. Banks better pay attention to their subsidiaries where there are no caps. I could be wrong but I think I&M, Equity & COOP are also present beyond Kenya The ex-Kenya operations for these 3 are less than 20% of their total business. Kenya remains "king" for these banks. That said, Equity and I&M have been increasing their ex-Kenya presence. Equity - Procredit in DRC has replaced South Sudan I&M - BankOne in Mauritius has been growing in importance It would take a miracle for a Kenyan bank to be the largest bank in a foreign country without adequate government holding by the foreign state.. Meanwhile, sell all bank stocks apart from COOP & KCB, if you have to hold Great point indeed.Co-op did well to patner with govt of south sudan.That will aid their growth their in the long run. And COOP is now leasing vehicles to GoK.. Very innovative thinking by the Kingdom bank http://www.businessdaily...78614-mpnoedz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Please read this thread carefully and remember me within the next 24 days.
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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I sent out a warning late last year but some did not listen. Now look http://www.businessdaily...127740-pjse5m/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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[quote=obiero]I sent out a warning late last year but some did not listen. Now look http://www.businessdaily...27740-pjse5m/index.html[/quote] “Today’s rating action is driven primarily by a potential weakening of the Kenyan government’s credit profile, in particular in the country’s fiscal strength and liquidity risk, as captured by Moody’s recent decision to place Kenya’s B1 government ratings on review for downgrade,” agency said in a statement. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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What does all this mean? I believe there is no direct effect on day to day operations For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:[quote=obiero]I sent out a warning late last year but some did not listen. Now look http://www.businessdaily...27740-pjse5m/index.html[/quote] “Today’s rating action is driven primarily by a potential weakening of the Kenyan government’s credit profile, in particular in the country’s fiscal strength and liquidity risk, as captured by Moody’s recent decision to place Kenya’s B1 government ratings on review for downgrade,” agency said in a statement. But this will definitely make cost of international credit to Kenya more expensive? 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: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Angelica _ann wrote:Ericsson wrote:[quote=obiero]I sent out a warning late last year but some did not listen. Now look http://www.businessdaily...27740-pjse5m/index.html[/quote] “Today’s rating action is driven primarily by a potential weakening of the Kenyan government’s credit profile, in particular in the country’s fiscal strength and liquidity risk, as captured by Moody’s recent decision to place Kenya’s B1 government ratings on review for downgrade,” agency said in a statement. But this will definitely make cost of international credit to Kenya more expensive? That is the truth.. I told you the two men are no good for this nation
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:Angelica _ann wrote:Ericsson wrote:[quote=obiero]I sent out a warning late last year but some did not listen. Now look http://www.businessdaily...27740-pjse5m/index.html[/quote] “Today’s rating action is driven primarily by a potential weakening of the Kenyan government’s credit profile, in particular in the country’s fiscal strength and liquidity risk, as captured by Moody’s recent decision to place Kenya’s B1 government ratings on review for downgrade,” agency said in a statement. But this will definitely make cost of international credit to Kenya more expensive? That is the truth.. I told you the two men are no good for this nation I prefer Raila.He is good for our economy and i believe as investors,we will reap big returns under his leadership or whomever he will pass the baton to. Towards the goal of financial freedom
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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winmak wrote:What does all this mean? I believe there is no direct effect on day to day operations Effect on which operations? possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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maka wrote:winmak wrote:What does all this mean? I believe there is no direct effect on day to day operations Effect on which operations? I don't know which operations are being referred to but here is a good piece on the stressed financial industry http://www.businessdaily...30540-upnp5dz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Deep slide down is anticipated next week. Massive losses are on the way. NSE 20 likely to test 3,200-3,300. Foreigner effects at the NSE http://www.businessdaily...145702-4rgrcw/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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[quote=obiero]Deep slide down is anticipated next week. Massive losses are on the way. NSE 20 likely to test 3,200-3,300. Foreigner effects at the NSE http://www.businessdaily...45702-4rgrcw/index.html[/quote] Elder you've spoken.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Like 10 veterans combined 😁
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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[quote=obiero]Deep slide down is anticipated next week. Massive losses are on the way. NSE 20 likely to test 3,200-3,300. Foreigner effects at the NSE http://www.businessdaily...45702-4rgrcw/index.html[/quote] May your projections be realised.I am a net buyer at this point in time and armed to the teeth should the NSE20 get to those levels. Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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mamilli wrote:[quote=obiero]Deep slide down is anticipated next week. Massive losses are on the way. NSE 20 likely to test 3,200-3,300. Foreigner effects at the NSE http://www.businessdaily...45702-4rgrcw/index.html[/quote] May your projections be realised.I am a net buyer at this point in time and armed to the teeth should the NSE20 get to those levels. Prices to fall to levels we saw in February this year Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:mamilli wrote:[quote=obiero]Deep slide down is anticipated next week. Massive losses are on the way. NSE 20 likely to test 3,200-3,300. Foreigner effects at the NSE http://www.businessdaily...45702-4rgrcw/index.html[/quote] May your projections be realised.I am a net buyer at this point in time and armed to the teeth should the NSE20 get to those levels. Prices to fall to levels we saw in February this year The anticipated downside won't happen, market is irrational to your expectations  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: 11/13/2015 Posts: 1,589
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Angelica _ann wrote:Ericsson wrote:mamilli wrote:[quote=obiero]Deep slide down is anticipated next week. Massive losses are on the way. NSE 20 likely to test 3,200-3,300. Foreigner effects at the NSE http://www.businessdaily...45702-4rgrcw/index.html[/quote] May your projections be realised.I am a net buyer at this point in time and armed to the teeth should the NSE20 get to those levels. Prices to fall to levels we saw in February this year The anticipated downside won't happen, market is irrational to your expectations O ye, of little faith the storm cometh
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Portfolio Balancing: Avoid Over Exposure To Financial Sector
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