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KCB and NBK material announcement
Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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The two counters on the radar of buying their shares Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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NBK shares no trading going on Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 3/15/2009 Posts: 362
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Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution?
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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shocks wrote:Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution? Madness
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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shocks wrote:Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution? Plus the drop when share price goes ex dividend. 5% dilution and 5% drop on ex dividend. 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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obiero wrote:shocks wrote:Does it make sense to chase the 1 Bob interim div before books close in the face of a 5% oncoming dilution? Madness Herd mentality.
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Rank: Member Joined: 5/6/2008 Posts: 199
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Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93%  Source: Shareholder Circular on conversation of preference shares to ordinary shares
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares NSSF and treasury have stumbled onto a gold mine
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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obiero wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares NSSF and treasury have stumbled onto a gold mine That was some serious dilution for the rest by Treasury and NSSF. 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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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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Angelica _ann wrote:obiero wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares NSSF and treasury have stumbled onto a gold mine That was some serious dilution for the rest by Treasury and NSSF. I wonder how else those preference shares would have ever been realized. Minority NBK shareholders should thank their God
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares Conversion to be done once approval of the acquisition has been achieved. The shareholding to be used for approval is the one before conversion of preference shares. Once they achieve the 75% it will be a two step process. Convert the preference to ordinary then recalculate the shareholding. Then swap with newly issued kcb shares The subtotal on the existing number of shares column is what KCB needs for the acquisition to take place Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares What if NSSF demands higher valuation Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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Ericsson wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares What if NSSF demands higher valuation Never will happen in a million years.. The bank was just about to dye in a few moments and the only available doctor has arrived at the bedside with recovery medicine!
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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Ericsson wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares What if NSSF demands higher valuation If this deal dies then CBK should inform the shareholders of NBK that they have 3 months to recapitalize the bank failing which it goes under KDIC. KDIC can than sell the assets to whoever wants them. If anything is left over the shareholders can have it. 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: 13,775 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares What if NSSF demands higher valuation If this deal dies then CBK should inform the shareholders of NBK that they have 3 months to recapitalize the bank failing which it goes under KDIC. KDIC can than sell the assets to whoever wants them. If anything is left over the shareholders can have it. 4 days remain
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 8/10/2014 Posts: 989 Location: Kenya
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Ericsson wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares What if NSSF demands higher valuation A small bank run can be triggered and it collapses
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Rank: Elder Joined: 6/23/2009 Posts: 13,775 Location: nairobi
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watesh wrote:Ericsson wrote:tandich wrote:Ericsson wrote:obiero wrote:Ericsson wrote:NBK shares no trading going on You expected trading of the puny stock while an active takeover by a larger entity is ongoing? The share has only 6 more days left at the NSE.. Farewell plans are at an advanced stage What is the performance rate so far? KCB wamefikisha 75%? All they need is Treasury & NSSF for just over 93% Source: Shareholder Circular on conversation of preference shares to ordinary shares What if NSSF demands higher valuation A small bank run can be triggered and it collapses The fact is that the current events are formalities. The deal is done and dusted
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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