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Portfolio Balancing: Avoid Over Exposure To Financial Sector
Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Angelica _ann wrote:obiero wrote:BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1 For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity. HF too closed its books for the bonus.. Q1 results will give the way forward
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: 7/1/2009 Posts: 256
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Angelica _ann wrote:obiero wrote:BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1 For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity. Same for BBK...nothing to worry about here, unless parliament refuses to review the rate cap law. Even if they pull that move, I believe that law will eventually be revised further down the road, so for a long termer, they would only be creating another buying opportunity.
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Monk wrote:Angelica _ann wrote:obiero wrote:BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1 For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity. Same for BBK...nothing to worry about here, unless parliament refuses to review the rate cap law. Even if they pull that move, I believe that law will eventually be revised further down the road, so for a long termer, they would only be creating another buying opportunity. Its not looking good my friend..
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: 8/10/2014 Posts: 969 Location: Kenya
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Sold KCB and Equity at 54 and 55...sold Safaricom at 33.....its now buying festival for me.....especially Safaricom.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank  That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/15/2013 Posts: 301
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Angelica _ann wrote:obiero wrote:BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1 For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity. Yep....Equity and KCB trends mirror each other. KCB will bounce back.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) All the best brother Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.businessdail...93910-hyhfhd/index.html
Tanzania’s banking regulator, the Bank of Tanzania (BoT), on Thursday placed Bank M Tanzania Plc under administration after it became insolvent. The lender consequently will not open for normal business for up to ninety days effective Thursday “during which the Bank of Tanzania will determine an appropriate resolution option,” the regulator added. The move is expected to affect the operations of the Kenyan small-sized lender M-Oriental, formerly Oriental Commercial Bank, where the Tanzanian lender owns a 51 per cent stake. Another bank bites the dust,won't be surprised if Kenya's CBK-KDIC takes over its kenyan affiliate Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank. This was it will be easier to mobilize deposits and establish a local ethos. Biggest problem in buying an Indian Bank is to localize it for the Western people. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank. This was it will be easier to mobilize deposits and establish a local ethos. Biggest problem in buying an Indian Bank is to localize it for the Western people. They can buy credit bank which isn't muhindi bank Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank. This was it will be easier to mobilize deposits and establish a local ethos. Biggest problem in buying an Indian Bank is to localize it for the Western people. They can buy credit bank which isn't muhindi bank Bought by FEP Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.businessdail...698434-277y3j/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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sparkly wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank. This was it will be easier to mobilize deposits and establish a local ethos. Biggest problem in buying an Indian Bank is to localize it for the Western people. They can buy credit bank which isn't muhindi bank Bought by FEP If they get a willing buyer they will dispose off their stake Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:Ericsson wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/
ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.
Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.
“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.
Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General. They should buy Sidian Bank That is a loss making entity with little presence in that zone. Centum and I just want the cash from the sale of Sidian ;-) They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank. This was it will be easier to mobilize deposits and establish a local ethos. Biggest problem in buying an Indian Bank is to localize it for the Western people. They can buy credit bank which isn't muhindi bank Bought by FEP If they get a willing buyer they will dispose off their stake Best fit with Nyachae connection but i doubt Kithaka and Co will let go Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.businessdail...00966-srofjbz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Why I left Kenya financials at the NSE https://mobile.nation.co...23130-72va2fz/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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https://www.businessdail...4774-wh3cd2z/index.html
Banks will have to increase their core capital from Sh1 billion to Sh5 billion over the next four years if Parliament adopts new amendments to the Banking Act. Kiambu Town MP Jude Njomo, the architect of the interest rate capping law, wants banks to have minimum capital of Sh2 billion by December 31, 2019, Sh3.5 billion (2020) and Sh5 billion (2021). He wants the changes approved through the Finance Bill, 2018 to create stronger banks. The move is set to force mergers and acquisitions as smaller lenders seek to survive. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=obiero]Why I left Kenya financials at the NSE https://mobile.nation.co...3130-72va2fz/index.html[/quote] What are your returns since you left Financials? Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Financials are OK at NSE, best sector. Pole @Obiero!!! 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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Ericsson wrote:https://www.businessdailyafrica.com/economy/Parliament-gets-notice-for-banks-capital-rise-to-Sh5bn/3946234-4724774-wh3cd2z/index.html
Banks will have to increase their core capital from Sh1 billion to Sh5 billion over the next four years if Parliament adopts new amendments to the Banking Act.
Kiambu Town MP Jude Njomo, the architect of the interest rate capping law, wants banks to have minimum capital of Sh2 billion by December 31, 2019, Sh3.5 billion (2020) and Sh5 billion (2021).
He wants the changes approved through the Finance Bill, 2018 to create stronger banks.
The move is set to force mergers and acquisitions as smaller lenders seek to survive. More drama
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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