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KCB and NBK material announcement
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VituVingiSana
#121 Posted : Tuesday, July 09, 2019 3:45:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS
Laughing out loudly Laughing out loudly Laughing out loudly The BoD & Mgmt are trying to protect their allowances! For political reasons, it might be harder for CBK to do what it should i.e. put NBK under KDIC.

Ideally, CBK/KDIC should take over NBK and then sell the business at the best possible price to the highest bidder.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#122 Posted : Tuesday, July 09, 2019 3:57:55 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS
Laughing out loudly Laughing out loudly Laughing out loudly The BoD & Mgmt are trying to protect their allowances! For political reasons, it might be harder for CBK to do what it should i.e. put NBK under KDIC.

Ideally, CBK/KDIC should take over NBK and then sell the business at the best possible price to the highest bidder.


As a current buyer of KCB , I would like to quote VVS now and say “ SELL, SELL, SELL” 😆😆😆
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Ericsson
#123 Posted : Tuesday, July 09, 2019 4:28:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
Horton wrote:
Ericsson wrote:
[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote]

Is this verified?



If so then we as KCB shareholders don’t want it,........... let it sink NKT 10/- for a shell then KCB gets to pump in a bunch of cash to keep it afloat


If so,then the ratio changes from 1:10 to 1:6.226

Dilution on the KCB shareholders moves from 4.8% to 7.71%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tandich
#124 Posted : Tuesday, July 09, 2019 5:09:08 PM
Rank: Member


Joined: 5/6/2008
Posts: 199
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara
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Horton
#125 Posted : Tuesday, July 09, 2019 5:42:43 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
tandich wrote:
[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote]

Someone should bottle whatever this board is consuming. Bonge la biashara



Lol
Laughing out loudly
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Ebenyo
#126 Posted : Tuesday, July 09, 2019 6:32:21 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
tandich wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara



Towards the goal of financial freedom
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 Report Abusive | Report SPAM | Edit by user: Tuesday, July 09, 2019 6:39 PM | Reason: Not specified
Ebenyo
#127 Posted : Tuesday, July 09, 2019 6:38:37 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
tandich wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara



This could be pressure from some outside forces.
Towards the goal of financial freedom
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obiero
#128 Posted : Tuesday, July 09, 2019 7:42:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,974
Location: nairobi
Ebenyo wrote:
tandich wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara



This could be pressure from some outside forces.

Will turn to nought

KQ ABP 4.48; MTN ABP 5.20
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Angelica _ann
#129 Posted : Tuesday, July 09, 2019 7:57:05 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
obiero wrote:
Ebenyo wrote:
tandich wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara



This could be pressure from some outside forces.

Will turn to nought


As long as Njoroge is part of this deal, hizi ni kelele za ovyo!!!
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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Ericsson
#130 Posted : Tuesday, July 09, 2019 8:20:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
Ebenyo wrote:
tandich wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara



This could be pressure from some outside forces.

NSSF
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#131 Posted : Tuesday, July 09, 2019 8:27:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,974
Location: nairobi
Ericsson wrote:
Ebenyo wrote:
tandich wrote:
FUNKY wrote:
BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS


Someone should bottle whatever this board is consuming. Bonge la biashara



This could be pressure from some outside forces.

NSSF

Can never be NSSF.. It's a holder of both stocks and it knows the folly of letting the deal flop could cost it an arm and a leg

KQ ABP 4.48; MTN ABP 5.20
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Ericsson
#132 Posted : Tuesday, July 09, 2019 9:45:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote]

Turning out to be be fake news
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#133 Posted : Tuesday, July 09, 2019 10:00:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,974
Location: nairobi
Ericsson wrote:
[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote]

Turning out to be be fake news

Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion

KQ ABP 4.48; MTN ABP 5.20
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obiero
#134 Posted : Tuesday, July 09, 2019 10:02:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,974
Location: nairobi
Ericsson wrote:
[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote]

Turning out to be be fake news

Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion

KQ ABP 4.48; MTN ABP 5.20
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sparkly
#135 Posted : Tuesday, July 09, 2019 10:38:10 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Ericsson wrote:
[quote=FUNKY]BREAKING NEWS: The Board of National Bank of Kenya says KCB’s valuation of NBK's shares falls below its independent valuation of KSh6.10 per share. KCB had valued NBK at KSh3.801 per share. KCB has 15 days to vary its offer.
@KCBGroup @National_Bank https://t.co/16MThe5vJS[/quote]

Turning out to be be fake news

Both sets of shareholders at respective firms approved the deal.. The board of directors are primarily non shareholders, who can only issue opinion


Who are the loud mouthed Board members? If Treasury and NSSF agreed to the valuation the rest is kelele ya chura.
Life is short. Live passionately.
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FUNKY
#136 Posted : Tuesday, July 09, 2019 11:08:41 PM
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Joined: 4/30/2010
Posts: 1,635
NBK board just realized KCB bid is bad at this stage😆
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VituVingiSana
#137 Posted : Tuesday, July 09, 2019 11:22:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
FUNKY wrote:
NBK board just realized KCB bid is bad at this stage😆
AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#138 Posted : Tuesday, July 09, 2019 11:49:14 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
FUNKY wrote:
NBK board just realized KCB bid is bad at this stage😆
AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around.


Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆

I see the NBK board got jokes
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VituVingiSana
#139 Posted : Wednesday, July 10, 2019 4:24:58 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
FUNKY wrote:
NBK board just realized KCB bid is bad at this stage😆
AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around.

Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆

I see the NBK board got jokes
Laughing out loudly Laughing out loudly Laughing out loudly They want to keep the all-you-can-eat buffet open!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#140 Posted : Wednesday, July 10, 2019 6:41:43 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
VituVingiSana wrote:
FUNKY wrote:
NBK board just realized KCB bid is bad at this stage😆
AFTER they found out that they will be fired. I don't think KCB will keep most of the management and board around.

Ati operate as an “independent subsidiary for 2 years to ensure uninterrupted service to existing customers” 😆😆😆😆

I see the NBK board got jokes
Laughing out loudly Laughing out loudly Laughing out loudly They want to keep the all-you-can-eat buffet open!



https://kenyanwallstreet...nalized-by-25th-august/


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