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KCB buy buy buy
Ericsson
#1241 Posted : Sunday, September 27, 2020 8:19:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
young wrote:
Pls is there any justification for recent kcb rise from 36 to 38 plus?

On Friday share price closed at a 4 month high.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1242 Posted : Thursday, October 01, 2020 7:30:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
https://businesstoday.co...ols-ahead-of-resumption/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1243 Posted : Friday, October 02, 2020 8:12:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
National Oil which owes KCB shs.3.8bn and Stanbic shs.1.5bn says it risks being wound up if it doesn't receive funding from the government.
National Oil needs shs.3bn in working capital from the government for financial year 2020/21

https://www.businessdail...8bn-loan-default-2454854
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#1244 Posted : Friday, October 02, 2020 2:37:47 PM
Rank: Member


Joined: 3/16/2019
Posts: 227
[quote=Ericsson]National Oil which owes KCB shs.3.8bn and Stanbic shs.1.5bn says it risks being wound up if it doesn't receive funding from the government.
National Oil needs shs.3bn in working capital from the government for financial year 2020/21

https://www.businessdail...bn-loan-default-2454854[/quote]

GoK will definitely intervene and provide the necessary capital injection. Most of the problems at NOCK seem to be corruption related. Fuel retail and distribution cannot be left solely to the multinationals.

NOCK has over 110 stations and fuel depots across the county. With good management and less political interference they can recover their market share.

There is a very interesting story here on how Kenol/Kobil "stole" business from NOCK during Moi era.
Quote:
This is when the late Nicholas Biwott (who was rumoured to be a major owner of Kenol/Kobil) became the Minister for Energy which regulated the oil sector. This became a perfect case study of blatant conflict of interest, abuse of power and public office, and economic capture of the oil sector by a political group.

As long as Kenol/Kobil was in business, there was no intention by the government to let NOCK grow into a significant marketer. NOCK was essentially a conduit for Kenol/Kobil to procure 30percent of Kenya oil imports. Only a retroactive forensic audit of NOCK imports in 1980s can establish the extent of suspected financial losses by the country and the public.

Ericsson
#1245 Posted : Friday, October 02, 2020 7:43:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
kmucheke wrote:
[quote=Ericsson]National Oil which owes KCB shs.3.8bn and Stanbic shs.1.5bn says it risks being wound up if it doesn't receive funding from the government.
National Oil needs shs.3bn in working capital from the government for financial year 2020/21

https://www.businessdail...bn-loan-default-2454854[/quote]

GoK will definitely intervene and provide the necessary capital injection. Most of the problems at NOCK seem to be corruption related. Fuel retail and distribution cannot be left solely to the multinationals.

NOCK has over 110 stations and fuel depots across the county. With good management and less political interference they can recover their market share.

There is a very interesting story here on how Kenol/Kobil "stole" business from NOCK during Moi era.
Quote:
This is when the late Nicholas Biwott (who was rumoured to be a major owner of Kenol/Kobil) became the Minister for Energy which regulated the oil sector. This became a perfect case study of blatant conflict of interest, abuse of power and public office, and economic capture of the oil sector by a political group.

As long as Kenol/Kobil was in business, there was no intention by the government to let NOCK grow into a significant marketer. NOCK was essentially a conduit for Kenol/Kobil to procure 30percent of Kenya oil imports. Only a retroactive forensic audit of NOCK imports in 1980s can establish the extent of suspected financial losses by the country and the public.



The earlier the loan is repaid,the better
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1246 Posted : Thursday, October 08, 2020 9:41:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
Now that Atlas Mara has decided to sell the banking business in piecemeal,KCB should bid to acquire Zambia operations as a strategy of entry there.
In the medium term strategy there was a plan of entering Ethiopia,Somalia,Djibouti,Mozambique, Zambia,Democratic Republic of Congo.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1247 Posted : Monday, October 12, 2020 7:29:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
KCB takes over Sh31bn Imperial Bank deposits

The Kenyan subsidiary of KCB Group has been authorised to take over part of the liabilities and assets of the collapsed Imperial Bank, including Sh31,7 billion worth of deposits.

In a Kenya Gazette notice dated September 8, 2020, the Competition Authority of Kenya said it approved the transfer of the assets and liabilities.

“The Competition Authority has authorised the proposed transaction which entails the transfer of various listed assets, including outstanding deposit balance amounting to Sh31.7 billion, loans and security portfolios together with all rights, titles and interests thereto to KCB Bank Kenya Limited,” said CAK’s Director-General Wang’ombe Kariuki in the notice.

KCB had earlier said it would spend a token 10 US cents (Sh10.8) to acquire part of Imperial Bank’s business.

https://www.businessdail...l-bank-deposits-2462948


KCB Group balance sheet will hit Ksh.1 trillion in assets end of this year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
babashuge
#1248 Posted : Monday, October 12, 2020 2:04:36 PM
Rank: New-farer


Joined: 1/4/2019
Posts: 60
Location: Nairobi
Ericsson wrote:
KCB takes over Sh31bn Imperial Bank deposits

The Kenyan subsidiary of KCB Group has been authorised to take over part of the liabilities and assets of the collapsed Imperial Bank, including Sh31,7 billion worth of deposits.

In a Kenya Gazette notice dated September 8, 2020, the Competition Authority of Kenya said it approved the transfer of the assets and liabilities.

“The Competition Authority has authorised the proposed transaction which entails the transfer of various listed assets, including outstanding deposit balance amounting to Sh31.7 billion, loans and security portfolios together with all rights, titles and interests thereto to KCB Bank Kenya Limited,” said CAK’s Director-General Wang’ombe Kariuki in the notice.

KCB had earlier said it would spend a token 10 US cents (Sh10.8) to acquire part of Imperial Bank’s business.

https://www.businessdail...l-bank-deposits-2462948


KCB Group balance sheet will hit Ksh.1 trillion in assets end of this year



... and over time, thats how KCB ends up being the biggest company by assets
VituVingiSana
#1249 Posted : Tuesday, October 13, 2020 9:37:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,328
Location: Nairobi
https://www.businessdail...-illegal-ouster-2463936
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1250 Posted : Tuesday, October 13, 2020 10:53:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/economy/ex-nbk-boss-awarded-for-illegal-ouster-2463936


Drop in the ocean.
Kelele ya chura
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1251 Posted : Tuesday, October 13, 2020 3:39:17 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,879
Location: Kitale
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/economy/ex-nbk-boss-awarded-for-illegal-ouster-2463936


Drop in the ocean.
Kelele ya chura



Thats an amount that loan fees from kcb mpesa can clear
Towards the goal of financial freedom
Ericsson
#1252 Posted : Tuesday, October 13, 2020 4:39:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
https://ke.kcbgroup.com/...lending-climate-finance

KCB Bank Kenya has received an approval for US$150mn from the International Finance Corporation as lead syndicator to support the growth of the bank's sustainable climate finance portfolio and scale up lending to micro,small and medium enterprises including women-owned businesses.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1253 Posted : Wednesday, October 28, 2020 7:45:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
https://www.businessdail...w-global-survey-2723670

KCB named Kenya's safest bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1254 Posted : Friday, October 30, 2020 7:36:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Queen wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
mlennyma wrote:
Some correction after a low of 30


Destination 38.




Those who bought at 30/31 will sell at 33-35.To reach 38,it will have to be thoroughly hyped


@Ebenyo 38.55 clocked.


Going south at the same rate it had gone north.....


NSSF kenya accumulating the shares.



Wapi link?

Link yako aka business daily ndio hiyo

https://www.businessdail...n-share-purchase-2725928
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1255 Posted : Friday, October 30, 2020 7:40:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
VituVingiSana wrote:
https://www.businessdailyafrica.com/corporate/companies/NBK-ordered-Ecobank-Sh500-million-driving-licence-row/4003102-5624220-x53jqd/index.html



https://www.businessdail...sle-with-ecobank-2724640
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1256 Posted : Saturday, October 31, 2020 10:31:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
To get a good view of effect of COVID-19 on the financials I will summarize Quarter on quarter results;
Q1--8.9bn
Q2--3.9bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1257 Posted : Monday, November 02, 2020 7:13:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
https://www.businessdail...h-of-65-percent-2727918

Local investors have snapped up Sh4.47 billion KCB Group shares or an additional 3.9 percent stake in the six months to September as foreign investors sold out in the wake of Covid-19 pandemic disruptions.

Latest KCB shareholder profile for September shows that locals took up an additional 124.899 million shares in Kenya’s top lender, rising their stake to all-time high of 2.089 billion shares or 65.04 percent.

This is compared with the 1.964 billion shares or 61.15 percent of total shares that were in the hands of locals at the end of March.

Foreigners stake in KCB is now at an all-time low of 15.02 percent, coming in the period in which Nairobi bourse foreign investors sell-offs hit Sh23.84 billion.

A total of 40 new institutional investors and 1,416 individual shareholders went for KCB shares during this period even as the existing ones ramped up their stakes.

The latest profile means that foreigners now hold the smallest stake in KCB with local institutional investors commanding 38.49 percent followed by local individuals (26.55 per cent) and National Treasury (19.76 percent).

The current structure differs sharply with that of end of 2017 when foreigners were the top shareholders in KCB with a stake of 29.25 percent.

Collectively, foreigners have now sold 496.1 million shares in KCB between December 2017 and last September, helping local and institutional investors to tighten grip on KCB.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Thornbird
#1258 Posted : Wednesday, November 04, 2020 6:48:24 PM
Rank: New-farer


Joined: 12/13/2018
Posts: 19
Ericsson wrote:
Queen wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
mlennyma wrote:
Some correction after a low of 30


Destination 38.




Those who bought at 30/31 will sell at 33-35.To reach 38,it will have to be thoroughly hyped


@Ebenyo 38.55 clocked.


Going south at the same rate it had gone north.....


NSSF kenya accumulating the shares.



35.40 Buy or wait for it to go lower?
Ericsson
#1259 Posted : Thursday, November 05, 2020 9:53:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,142
Location: NAIROBI
Thornbird wrote:
Ericsson wrote:
Queen wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
mlennyma wrote:
Some correction after a low of 30


Destination 38.




Those who bought at 30/31 will sell at 33-35.To reach 38,it will have to be thoroughly hyped


@Ebenyo 38.55 clocked.


Going south at the same rate it had gone north.....


NSSF kenya accumulating the shares.



35.40 Buy or wait for it to go lower?


Wait for it to go lower
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1260 Posted : Thursday, November 05, 2020 10:41:37 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,879
Location: Kitale
Thornbird wrote:
Ericsson wrote:
Queen wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
mlennyma wrote:
Some correction after a low of 30


Destination 38.




Those who bought at 30/31 will sell at 33-35.To reach 38,it will have to be thoroughly hyped


@Ebenyo 38.55 clocked.


Going south at the same rate it had gone north.....


NSSF kenya accumulating the shares.



35.40 Buy or wait for it to go lower?


Buy at this price.
Towards the goal of financial freedom
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