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KCB rights issue
the deal
#71 Posted : Wednesday, June 09, 2010 9:37:42 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
kyt wrote:
@ sparky what if i dont have money to buy right now? they just did not do their maths right this time round, but then again even last time they didnt.

you can sell ur rights to someone else...or exit before being diluted...its the worst thing which can to an investor besides the falling share price..
the deal
#72 Posted : Wednesday, June 09, 2010 9:41:49 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Kausha wrote:
Rights price is 17 bob. I really wouldn't wish to be in Martin's shoes nor Standard Investment bank's. This will be a case of selling matumbo in a market of sirloin and rump steaks. There are quite a number of well priced stocks with great prospects including in banking for one to even sit down for a discussion on KCB rights.

17 bob...KCB is crazy...wats the difference btwn buying new shares on the market n the rights...by the way KCB has been tradinf btwn 13-24 for the past 2 years..
Scubidu
#73 Posted : Thursday, June 10, 2010 8:26:55 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Centum had no faith in this bank by the mere fact that they sold big in Q1 of 2010. I don't normally argue with these investment managers, but, if KCB can raise the targeted funds they have a bright future (assuming they do something about the cost base). The new capital base when raised could sustain them far beyond 2015. Not paying a dividend is not a problem if ur thinking long term, but I don't see any significant premium above the rights price, so I'll wait until it drops.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
VituVingiSana
#74 Posted : Thursday, June 10, 2010 8:48:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Dont forget that there may be a HUGE buyer who wants strategic control... I think a Nigerian or South African bank might be interested in KCB...

Also there are a Funds (Foreign Investors) who can pick up MILLIONS of shares in one transaction instead of thousands of transactions over months!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#75 Posted : Thursday, June 10, 2010 11:46:50 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
3-5 years from now KCB will be untouchable...the expansion will pay off big time..note also that they expanded in countries whose economy's will grow by an average of 6-5% over the next 3-5 years...i believe TZ and South Sudan will be a big success...
Obi 1 Kanobi
#76 Posted : Thursday, June 10, 2010 1:04:55 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
I have never understood why most here are so anti KCB, so it has not lived upto its potential but in my opinion, its performance is not that far of the pace of its peers.

The decision to consolidate its operations and mordernise to me sounds like a well thought out decision that should see it consolidate its market and start making serious profits.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
youcan'tstopusnow
#77 Posted : Sunday, June 13, 2010 1:26:21 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I think KCB will be a great investment post rights-issue
GOD BLESS YOUR LIFE
sparkly
#78 Posted : Sunday, June 13, 2010 7:01:28 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
I think KCB will be a great investment post rights-issue

Think so too. Buy after the rights issue start trading and wait hoping they dont come back for another rights issue.
Life is short. Live passionately.
VituVingiSana
#79 Posted : Monday, June 14, 2010 7:10:08 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Tuesday... when they announce the Rights price... I think KCB is biting off too much with a 15bn Rights Issue...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#80 Posted : Monday, July 12, 2010 1:06:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Rights at 25 cents yet folks buying shares at 17.75... makes little sense to me... I am surprised KCB hasn't extended the Rights Issue period...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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