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My 2 cents		#661 Posted : Wednesday, September 28, 2022 2:51:58 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		Ericsson wrote: 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 Am totally ok with the 30% cap. That tempers KCBs ambitions down until the business in Ethiopia is proven. History is replete with cash drunk management teams making nonsensical acquisitions at above market prices. Let them show us the pay off from recent acquisitions before they make more.
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Ericsson		#662 Posted : Wednesday, September 28, 2022 3:39:51 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		My 2 cents wrote: Ericsson wrote: 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 Am totally ok with the 30% cap. That tempers KCBs ambitions down until the business in Ethiopia is proven. History is replete with cash drunk management teams making nonsensical acquisitions at above market prices. Let them show us the pay off from recent acquisitions before they make more. KCB and Equity to come slowly Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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watesh		#663 Posted : Wednesday, September 28, 2022 6:45:37 PM
Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya		My 2 cents wrote: Ericsson wrote: 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 Am totally ok with the 30% cap. That tempers KCBs ambitions down until the business in Ethiopia is proven. History is replete with cash drunk management teams making nonsensical acquisitions at above market prices. Let them show us the pay off from recent acquisitions before they make more. Still bitter about that TMB acquisition? It was their only option since Equity snapped up the other big bank in the country. TMB could charge whatever they want and KCB was thirsty for that market.
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Ericsson		#664 Posted : Wednesday, September 28, 2022 10:11:05 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		watesh wrote: My 2 cents wrote: Ericsson wrote: 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 Am totally ok with the 30% cap. That tempers KCBs ambitions down until the business in Ethiopia is proven. History is replete with cash drunk management teams making nonsensical acquisitions at above market prices. Let them show us the pay off from recent acquisitions before they make more. Still bitter about that TMB acquisition? It was their only option since Equity snapped up the other big bank in the country. TMB could charge whatever they want and KCB was thirsty for that market. Don't be too quick to be bitter. The venture may turn out to be successful till the price may look cheap. Look at the amount of additional capital Equity is pumping into BCDC with no increase in shareholding Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#665 Posted : Friday, September 30, 2022 10:06:21 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi		watesh wrote: My 2 cents wrote: Ericsson wrote: 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 Am totally ok with the 30% cap. That tempers KCBs ambitions down until the business in Ethiopia is proven. History is replete with cash drunk management teams making nonsensical acquisitions at above market prices. Let them show us the pay off from recent acquisitions before they make more. Still bitter about that TMB acquisition? It was their only option since Equity snapped up the other big bank in the country. TMB could charge whatever they want and KCB was thirsty for that market. Mwangi (Owner) > Oigara (Management with $3mn pay) Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#666 Posted : Friday, September 30, 2022 10:09:56 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi		Ericsson wrote: watesh wrote: My 2 cents wrote: Ericsson wrote: 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 Am totally ok with the 30% cap. That tempers KCBs ambitions down until the business in Ethiopia is proven. History is replete with cash drunk management teams making nonsensical acquisitions at above market prices. Let them show us the pay off from recent acquisitions before they make more. Still bitter about that TMB acquisition? It was their only option since Equity snapped up the other big bank in the country. TMB could charge whatever they want and KCB was thirsty for that market. Don't be too quick to be bitter. The venture may turn out to be successful till the price may look cheap. Look at the amount of additional capital Equity is pumping into BCDC with no increase in shareholding How much additional Tier 1 capital has Equity pumped in? What was the % ownership BEFORE the Tier 1 Capital was pumped in? What is the % ownership AFTER the Tier 1 Capital was pumped in? And if the other shareholders of Equity DRC pump In their share (of a Rights Issue) then the shareholding of Equity should not change. That is simple logic. No rocket science required. What's key is the RoE/RoI on the additional capital. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#667 Posted : Saturday, October 29, 2022 8:23:41 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		KCB has started laying the groundwork for Ethiopia entry by a visit to Deputy commissioner of the Ethiopia Investment commission by the Chairman Andrew Kairu,Group CEO Paul Russo and Group CFO Lawrence Kiambi. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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watesh		#668 Posted : Sunday, October 30, 2022 4:20:57 PM
Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya		Ericsson wrote: KCB has started laying the groundwork for Ethiopia entry by a visit to Deputy commissioner of the Ethiopia Investment commission by the Chairman Andrew Kairu,Group CEO Paul Russo and Group CFO Lawrence Kiambi. These guys are hungry for expansion. Another year of small dividends
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Ericsson		#669 Posted : Friday, November 04, 2022 7:03:36 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		watesh wrote: Ericsson wrote: KCB has started laying the groundwork for Ethiopia entry by a visit to Deputy commissioner of the Ethiopia Investment commission by the Chairman Andrew Kairu,Group CEO Paul Russo and Group CFO Lawrence Kiambi. These guys are hungry for expansion. Another year of small dividends 30% payout which will be in around ksh.3.5 per share Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Sir invest		#670 Posted : Wednesday, November 09, 2022 9:02:55 AM
Rank: Member Joined: 8/19/2015 Posts: 125		Q3 results to be released on Friday.
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Ericsson		#671 Posted : Wednesday, November 09, 2022 10:41:33 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI		Sir invest wrote: Q3 results to be released on Friday. Time? Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Sufficiently Philanga....thropic		#672 Posted : Friday, November 11, 2022 9:55:14 AM
Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli		KCB to release Q3 results Wednesday next week (16th) after market! @SufficientlyP
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My 2 cents		#673 Posted : Tuesday, November 15, 2022 6:14:52 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead.
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Sufficiently Philanga....thropic		#674 Posted : Tuesday, November 15, 2022 6:26:13 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli		My 2 cents wrote: Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 @SufficientlyP
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My 2 cents		#675 Posted : Tuesday, November 15, 2022 7:03:22 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		Sufficiently Philanga....thropic wrote: My 2 cents wrote: Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 Where can we find the full set of results. Dividend payment date?
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obiero		#676 Posted : Tuesday, November 15, 2022 7:44:41 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi		My 2 cents wrote: Sufficiently Philanga....thropic wrote: My 2 cents wrote: Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 Where can we find the full set of results. Dividend payment date? https://www.nse.co.ke/wp...od-Ended-30-Sep-2022.pdf HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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My 2 cents		#677 Posted : Tuesday, November 15, 2022 8:29:23 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,066		obiero wrote: My 2 cents wrote: Sufficiently Philanga....thropic wrote: [quote=My 2 cents]Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 Where can we find the full set of results. Dividend payment date? https://www.nse.co.ke/wp...d-Ended-30-Sep-2022.pdf[/quote] Great. Thanks.
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watesh		#678 Posted : Wednesday, November 16, 2022 8:44:12 AM
Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya		Sufficiently Philanga....thropic wrote: My 2 cents wrote: Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range
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the deal		#679 Posted : Wednesday, November 16, 2022 1:46:35 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		watesh wrote: Sufficiently Philanga....thropic wrote: My 2 cents wrote: Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...b-group-q3-2022-earnings
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heri		#680 Posted : Wednesday, November 16, 2022 2:19:14 PM
Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi		the deal wrote: watesh wrote: Sufficiently Philanga....thropic wrote: [quote=My 2 cents]Q3 net profit up 21% Interim dividend of 1 bob. But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition?
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