Though I will be as happy as a pig in shiit if KCB hits 14 bob, I think all this talk of KCB failing to raise the 15 billion is premature.
Kuna watu wana pesa and enough patience. Although it ended in the red, the share hit a high of 20.50/= today.
But like I said earlier, I'll be too happy if the share continued plummeting.

By Ana Monteiro
June 11 (Bloomberg) -- Kenya Commercial Bank Ltd., the
nation’s biggest lender by branches, had its recommendation
downgraded to “sell” from “buy” at Renaissance Capital.
“Depressed returns, increased capital risks and
disappointment at management’s decision not to source debt
funding” are reasons for the downgrade, Lagos-based analyst
Kato Mukuru and Nairobi-based Mbithe Muema wrote in a note to
clients dated today.
Kenya Commercial shareholders approved plans to increase
the lender’s share capital to 3.5 billion shillings ($4.8
million), the bank said on May 7.

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