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Potential merger NIC + CBA
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VituVingiSana
#121 Posted : Tuesday, April 16, 2019 6:48:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
NIC/CBA Merger Deal to be Completed by July
https://kenyanwallstreet...o-be-completed-by-july/

CMA approval of the issue of the NIC Group new shares to the Selling CBA Shareholders: 19th June 2019
Completion of the Merger: 30th June 2019
CMA and NSE approval for the admission to Listing of the NIC Group new shares: 15th July 2019
Date for admission of the new shares for listing: 17th July 2019
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#122 Posted : Wednesday, April 17, 2019 12:10:14 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
AGM ongoing...
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#123 Posted : Wednesday, April 17, 2019 12:11:27 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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sparkly
#124 Posted : Wednesday, April 17, 2019 7:53:32 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
Life is short. Live passionately.
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VituVingiSana
#125 Posted : Wednesday, April 17, 2019 10:20:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#126 Posted : Thursday, April 18, 2019 9:44:22 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
VituVingiSana wrote:
sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.

However cap lifting will boost banks share prices if it will ever happen
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#127 Posted : Thursday, April 18, 2019 5:21:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mlennyma wrote:
VituVingiSana wrote:
sparkly wrote:
Sober wrote:
From the presentation done by the MD on the NIC-CBaa Merger, the shareholders will give it a nod.


As shareholders, we gave it a nod a long time ago.
The price rallied for a moment above 40 but has now dropped to 36.

There will probably be a huge charge to earnings for 2019 and maybe 2020 for restructuring, re-branding, staff reductions, ex-gratia payments, re-training, etc.

The gains will likely come from 2021 onwards.

However cap lifting will boost banks share prices if it will ever happen

Share prices, especially in the short term, are rather capricious hence I prefer focusing on potential performance over the longer-term.
Cap lifting or easing will help but what's key is the fiscal policy.

With the drought in 2019, I expect a lot more fiscal indiscipline especially where food is concerned from maize imports, NCPB, drought assistance, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#128 Posted : Tuesday, April 23, 2019 10:53:11 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
What's the unpleasant news to warrant 31.50 low?was the 10% rule abolished or books closure is part of material announcement
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Tuesday, April 23, 2019 11:01 AM | Reason: Not specified
Ericsson
#129 Posted : Tuesday, April 23, 2019 11:44:52 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
What's the unpleasant news to warrant 31.50 low?was the 10% rule abolished or books closure is part of material announcement


NIC invests Sh350m more in Tanzania banking subsidiary
https://www.businessdail...083036-9mrepb/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#130 Posted : Thursday, May 16, 2019 3:32:34 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980


"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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  | | Edit by user: Thursday, May 16, 2019 3:33 PM | Reason: Not specified
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