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KCB and NBK material announcement
Rank: Elder Joined: 6/23/2009 Posts: 13,974 Location: nairobi
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@vvs ls this what you mean.. 
KQ ABP 4.48; MTN ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,265 Location: Nairobi
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Treasury bars early access to pension money https://www.nation.co.ke...8730-15cxsagz/index.htmlGreedy 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: 10,798 Location: NAIROBI
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[quote=VituVingiSana]Treasury bars early access to pension money https://www.nation.co.ke...730-15cxsagz/index.html[/quote] @vvs thanks for this Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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[quote=VituVingiSana]Treasury bars early access to pension money https://www.nation.co.ke...730-15cxsagz/index.html[/quote] Just after auditor general revealed that 67 billion pension money was paid to ghost workers.
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Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
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Government wants to borrow your money cheaply Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,265 Location: Nairobi
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Ericsson wrote:whiteowl wrote:Just after auditor general revealed that 67 billion pension money was paid to ghost workers. Government wants to borrow your money cheaply Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,974 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:whiteowl wrote:Just after auditor general revealed that 67 billion pension money was paid to ghost workers. Government wants to borrow your money cheaply Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money. Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?
KQ ABP 4.48; MTN ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,265 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:whiteowl wrote:Just after auditor general revealed that 67 billion pension money was paid to ghost workers. Government wants to borrow your money cheaply Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money. Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years? Yes. Save this post and refer to it in 2029. 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: 10,798 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:Ericsson wrote:whiteowl wrote:Just after auditor general revealed that 67 billion pension money was paid to ghost workers. Government wants to borrow your money cheaply Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money. Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years? This was for mostly the occupational pension scheme/company sponsored. NSSF holds 20% of the entire retirement/pension schemes assets Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,265 Location: Nairobi
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Why Rotich locked up Sh385bn pension cash for workers below 50 years https://www.businessdail...00464-uw8028/index.html
@Wazua Admin - Please transfer the "Pensions" thread/posts to its own thread so this goes back to KCB/NBK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2008 Posts: 199
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Kenya Lawmakers Block KCB Group From Taking Over National BankQuote:
Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.
National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee
Who will subscribe?
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Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
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tandich wrote:Kenya Lawmakers Block KCB Group From Taking Over National BankQuote:
Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.
National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee
Who will subscribe? KCB can subscribe Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:tandich wrote:Kenya Lawmakers Block KCB Group From Taking Over National BankQuote:
Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.
National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee
Who will subscribe? KCB can subscribe Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).
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Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
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Horton wrote:Ericsson wrote:tandich wrote:Kenya Lawmakers Block KCB Group From Taking Over National BankQuote:
Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.
National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee
Who will subscribe? KCB can subscribe Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter). A plunge in the two share prices today Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,798 Location: NAIROBI
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Horton wrote:Ericsson wrote:tandich wrote:Kenya Lawmakers Block KCB Group From Taking Over National BankQuote:
Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.
National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee
Who will subscribe? KCB can subscribe Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter). Will the NBK preference shares converted to ordinary be available for trading at the NSE Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:Horton wrote:Ericsson wrote:tandich wrote:Kenya Lawmakers Block KCB Group From Taking Over National BankQuote:
Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.
National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee
Who will subscribe? KCB can subscribe Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter). A plunge in the two share prices today Plunge is a strong word. Maybe for NBK. I hope KCB plunges too but doubt it
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Rank: Chief Joined: 1/3/2007 Posts: 18,265 Location: Nairobi
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Funny! https://twitter.com/Sang...1159342981662617600?s=20Greedy 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: 10,798 Location: NAIROBI
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Heavy selling on KCB but bidders are quoting lower prices Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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KCB and NBK material announcement
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