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Stanbic FY2017 PAT down 2% to ksh.4.3bn
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Good news for Stanbic https://www.businessdail...7792-1bid6wz/index.html
If Karuturi does pay off the loan/s to Stanbic, then a huge chunk of NPLs can be reduced and written back to profits. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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STanbic bank kenya has raised a $100mn (sh.10bn) dual-tranche syndicated loan co-ordinated by Mashreq Bank of UAE. The loan has maturities of two and three years and was two and a half times oversubscribed. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:STanbic bank kenya has raised a $100mn (sh.10bn) dual-tranche syndicated loan co-ordinated by Mashreq Bank of UAE. The loan has maturities of two and three years and was two and a half times oversubscribed. Link? So has Stanbic KE invested in the paper? What currency? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:STanbic bank kenya has raised a $100mn (sh.10bn) dual-tranche syndicated loan co-ordinated by Mashreq Bank of UAE. The loan has maturities of two and three years and was two and a half times oversubscribed. Link? So has Stanbic KE invested in the paper? What currency? Currency is USD Link:http://epaper.peopledaily.co.ke/#folio=16 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:STanbic bank kenya has raised a $100mn (sh.10bn) dual-tranche syndicated loan co-ordinated by Mashreq Bank of UAE. The loan has maturities of two and three years and was two and a half times oversubscribed. Link? So has Stanbic KE invested in the paper? What currency? Currency is USD Link:http://epaper.peopledaily.co.ke/#folio=16 Interesting. Thanks. Banks are getting back into the lending game. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:Pesa Nane wrote:Quote:Final Div. Ksh 4.00 Closure 13 Dec 2018 Aiii is this normal. Dividends are supposed to be paid within 6 months after announcing results. Notice is hereby given that the Sixty-Third Annual General Meeting of the Members of Stanbic Holdings Plc (the Company) will be held on Tuesday, 12 June 2018, at Louis Leakey Auditorium, National Museums of Kenya, Nairobi, at 11.00 a.m. to transact the following business:......... 3. To consider and if thought fit, approve the recommendation by the Board for a final dividend of KShs 4.00 per share for the year ended 31 December 2017. The published book closure date announced for 13 June 2018, has been changed to 31 July 2018. This change in dates has been necessitated by the tender offer made to shareholders of the Company by Stanbic Africa Holdings Limited, which was announced on 16 March 2018. In order to accommodate the required minimum 30 day tender offer period, the obtaining of requisite regulatory approvals for the final payments to shareholders accepting the tender offer and the finalisation of the shareholders register of the Company after the tender offer, the payment of the dividend can only be made after such finalisation. If a final dividend is approved by the Company’s shareholders, the payment of a final dividend will be made on or about 10 August 2018. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Pesa Nane wrote:Ericsson wrote:Pesa Nane wrote:Quote:Final Div. Ksh 4.00 Closure 13 Dec 2018 Aiii is this normal. Dividends are supposed to be paid within 6 months after announcing results. Notice is hereby given that the Sixty-Third Annual General Meeting of the Members of Stanbic Holdings Plc (the Company) will be held on Tuesday, 12 June 2018, at Louis Leakey Auditorium, National Museums of Kenya, Nairobi, at 11.00 a.m. to transact the following business:......... 3. To consider and if thought fit, approve the recommendation by the Board for a final dividend of KShs 4.00 per share for the year ended 31 December 2017. The published book closure date announced for 13 June 2018, has been changed to 31 July 2018. This change in dates has been necessitated by the tender offer made to shareholders of the Company by Stanbic Africa Holdings Limited, which was announced on 16 March 2018. In order to accommodate the required minimum 30 day tender offer period, the obtaining of requisite regulatory approvals for the final payments to shareholders accepting the tender offer and the finalisation of the shareholders register of the Company after the tender offer, the payment of the dividend can only be made after such finalisation. If a final dividend is approved by the Company’s shareholders, the payment of a final dividend will be made on or about 10 August 2018. What is the likely outcome for some of us who stay put on the offer? compulsory buyout? Delisting? Life is short. Live passionately.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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sparkly wrote:Pesa Nane wrote:Ericsson wrote:Pesa Nane wrote:Quote:Final Div. Ksh 4.00 Closure 13 Dec 2018 Aiii is this normal. Dividends are supposed to be paid within 6 months after announcing results. Notice is hereby given that the Sixty-Third Annual General Meeting of the Members of Stanbic Holdings Plc (the Company) will be held on Tuesday, 12 June 2018, at Louis Leakey Auditorium, National Museums of Kenya, Nairobi, at 11.00 a.m. to transact the following business:......... 3. To consider and if thought fit, approve the recommendation by the Board for a final dividend of KShs 4.00 per share for the year ended 31 December 2017. The published book closure date announced for 13 June 2018, has been changed to 31 July 2018. This change in dates has been necessitated by the tender offer made to shareholders of the Company by Stanbic Africa Holdings Limited, which was announced on 16 March 2018. In order to accommodate the required minimum 30 day tender offer period, the obtaining of requisite regulatory approvals for the final payments to shareholders accepting the tender offer and the finalisation of the shareholders register of the Company after the tender offer, the payment of the dividend can only be made after such finalisation. If a final dividend is approved by the Company’s shareholders, the payment of a final dividend will be made on or about 10 August 2018. What is the likely outcome for some of us who stay put on the offer? compulsory buyout? Delisting? With the promising 1st Quarter 2018 unaudited Results, i don't see them getting more than 25% of the shares they are asking for. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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That Q1 performance was questionably robust KQ ABP 4.26
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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sparkly wrote:Pesa Nane wrote:Ericsson wrote:Pesa Nane wrote:Quote:Final Div. Ksh 4.00 Closure 13 Dec 2018 Aiii is this normal. Dividends are supposed to be paid within 6 months after announcing results. Notice is hereby given that the Sixty-Third Annual General Meeting of the Members of Stanbic Holdings Plc (the Company) will be held on Tuesday, 12 June 2018, at Louis Leakey Auditorium, National Museums of Kenya, Nairobi, at 11.00 a.m. to transact the following business:......... 3. To consider and if thought fit, approve the recommendation by the Board for a final dividend of KShs 4.00 per share for the year ended 31 December 2017. The published book closure date announced for 13 June 2018, has been changed to 31 July 2018. This change in dates has been necessitated by the tender offer made to shareholders of the Company by Stanbic Africa Holdings Limited, which was announced on 16 March 2018. In order to accommodate the required minimum 30 day tender offer period, the obtaining of requisite regulatory approvals for the final payments to shareholders accepting the tender offer and the finalisation of the shareholders register of the Company after the tender offer, the payment of the dividend can only be made after such finalisation. If a final dividend is approved by the Company’s shareholders, the payment of a final dividend will be made on or about 10 August 2018. What is the likely outcome for some of us who stay put on the offer? compulsory buyout? Delisting? Stanbic will retain the listing status, meaning that for discenting shareholders like myself we shall keep the shares, the dividend and enjoy future growth along with the South Africans. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Stanbic FY2017 PAT down 2% to ksh.4.3bn
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