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KCB 2018 and Beyond
Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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https://www.businessdail...on-shares-in-kcb-3908944
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...n-shares-in-kcb-3908944
NSSF know the hidden gem here Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:obiero wrote:Ericsson wrote:DRC acquisition and entry has gone quiet.
Are they finding challenges or developed cold feet TMB inside. Additional USD 1.5B in new assets from TMB plus increase of 110 more branches, total branch count across the group to now stand at 462 across EAC I mixed have feelings about this acquisition. Don't know whether it is just a money grab by insiders, whether the investment makes sense and whether it has been made at a competitive price. Share price is also not excited by the move. Now they are angling for acquisition in Ethiopia as the entry route. With that they will have cemented presence in the Eastern Africa region Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Ericsson wrote:My 2 cents wrote:obiero wrote:Ericsson wrote:DRC acquisition and entry has gone quiet.
Are they finding challenges or developed cold feet TMB inside. Additional USD 1.5B in new assets from TMB plus increase of 110 more branches, total branch count across the group to now stand at 462 across EAC I mixed have feelings about this acquisition. Don't know whether it is just a money grab by insiders, whether the investment makes sense and whether it has been made at a competitive price. Share price is also not excited by the move. Now they are angling for acquisition in Ethiopia as the entry route. With that they will have cemented presence in the Eastern Africa region The representative office in Ethiopia was opened in 2015. Getting full fledged operational presence should be a walk in the park
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:Ericsson wrote:My 2 cents wrote:obiero wrote:Ericsson wrote:DRC acquisition and entry has gone quiet.
Are they finding challenges or developed cold feet TMB inside. Additional USD 1.5B in new assets from TMB plus increase of 110 more branches, total branch count across the group to now stand at 462 across EAC I mixed have feelings about this acquisition. Don't know whether it is just a money grab by insiders, whether the investment makes sense and whether it has been made at a competitive price. Share price is also not excited by the move. Now they are angling for acquisition in Ethiopia as the entry route. With that they will have cemented presence in the Eastern Africa region The representative office in Ethiopia was opened in 2015. Getting full fledged operational presence should be a walk in the park The representative office has given them an opportunity to scrutinize the market and by now they have already identified the lender they will want to acquire. They are just waiting for the right time to make the announcement and commence the process Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Next year is entry into Ethiopia. Banking reforms to allow foreign banks to operate in the country are set concluded in Q4 2022. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KCB Bank Kenya has injected over Ksh. 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector. The Bank has been facilitating oil importation into the country by financing the oil firms under its portfolio that have won business under the Open Tender System (OTS) through the Ministry of Petroleum and Mining. Under the OTS system, the winning oil marketer imports the fuels on behalf of the other firms using the confirmed allocations; the other oil marketers are mandated to offtake their volumes upon arrival. With the government indicating doing away with oil subsidies, the price of fuel in the country is set to surge in the coming months. Therefore, KCB’s contribution towards the stabilization of the prices in the short term will be vital. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/19/2015 Posts: 125
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The KCB share coming down like a thunder now @39 bob what's wrong?
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. Even at Q3 you can still pay interim dividend just like they did last year. Be patient even Stanbic and Standard Chartered Bank didn't pay interim dividend Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Ksh.39 is the floor.not going lower than that Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Ericsson wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Ksh.39 is the floor.not going lower than that Never say never. Not so long ago some of those laughed at prices of many shares dropping below "floors" and these floors kept on dropping lower! Centum is less than 10/- (from 40s) ABSA dropped below 9/- CARB had dropped to 9/- SAF had dropped to 23/- (from 40) BAT JUB EABL And so many more examples. 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: 10,684 Location: NAIROBI
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My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. One more acquisition to go in Ethiopia then consolidation begins. The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Ericsson wrote:My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. One more acquisition to go in Ethiopia then consolidation begins. The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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obiero wrote:Ericsson wrote:My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. One more acquisition to go in Ethiopia then consolidation begins. The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout Don't you think they will revisit Tanzania? The last attempt having failed? What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism?
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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My 2 cents wrote:obiero wrote:Ericsson wrote:My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. One more acquisition to go in Ethiopia then consolidation begins. The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout Don't you think they will revisit Tanzania? The last attempt having failed? What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism? Most governments across the world aren't keen on running banks, actually some governments across EA are the ones giving up ownership stakes to the takeovers
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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obiero wrote:My 2 cents wrote:obiero wrote:Ericsson wrote:My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. One more acquisition to go in Ethiopia then consolidation begins. The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout Don't you think they will revisit Tanzania? The last attempt having failed? What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism? Most governments across the world aren't keen on running banks, actually some governments across EA are the ones giving up ownership stakes to the takeovers By nationalism I did not mean governments taking over the banks. I meant citizens preferring to deal with their own local banks. In other news, Ethiopia caps foreign ownership of local banks to 30% https://kenyanwallstreet...holding-in-banks-at-30/
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:obiero wrote:My 2 cents wrote:obiero wrote:Ericsson wrote:My 2 cents wrote:Sir invest wrote:The KCB share coming down like a thunder now @39 bob what's wrong? Disappointment over lack of interim dividend. All the cash will be spent acquiring the DRC bank. Then right after that they will probably come up with another target for acquisition. These are the new cash cows. Over paying for these acquisitions. Poor corporate governance is the bane of our NSE. One more acquisition to go in Ethiopia then consolidation begins. The dividend policy is catering for this acquisition so probably after they are done the payout ratio will go up True. Though with a forecasted profitability I'm excess of KES 60B, there is no reason not to sustain or increase the final dividend payout Don't you think they will revisit Tanzania? The last attempt having failed? What happens if the local banks in the foreign countries(as has happened in Kenya) suddenly have business advantage because of nationalism? Most governments across the world aren't keen on running banks, actually some governments across EA are the ones giving up ownership stakes to the takeovers By nationalism I did not mean governments taking over the banks. I meant citizens preferring to deal with their own local banks. In other news, Ethiopia caps foreign ownership of local banks to 30% https://kenyanwallstreet...holding-in-banks-at-30/ Better start a greenfield operation then later on when acquisition ceiling is raised to 80-100% make an acquisition Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Let me leave this here 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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obiero wrote:Let me leave this here  Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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