Wazua
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Portfolio Balancing: Avoid Over Exposure To Financial Sector
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Parliament shoots down proposal to raise banks core capital to ksh.5bn Wameruka short call wakakanyaga long call. NIC at KES 28, KCB KES 43, NBK KES 5.25, HFCK KES 6.60 Na bado we might see some financial counters trading at less than par value Especially if the fuel tax isn't implemented.. The country will come to a slow crawl Allow me to leave this here https://www.businessdail...53080-dq3tp2/index.html
Financial will recover once PORK UMK declines to sign the bills into law and dully returns it/them to parliament with memos. They will require 2/3 majority to defy PORK (what i hear in the grapevine), i can assure you Jubilee MPs will go MIA on the date of that debate and voting. No voter will remember that their MP was not in parliament during some crucial vote. Let us wait and see. If the fuel tax is not implemented then start count down to a recession Are you also aware the fuel tax will cripple recovery of your kq Kenya is bigger than KQ.. I have invested alot in this country The effects of implementing fuel tax are more catastrophic than the recession in one's imagination. Let the government cut wage bill by 40% as an alternative of budget funding...If PORK goes ahead to manoeuvre ways of signing fuel tax bill expect unprecedented skyrocketing inflation that could be difficult for CBK to tame. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Spikes wrote:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Parliament shoots down proposal to raise banks core capital to ksh.5bn Wameruka short call wakakanyaga long call. NIC at KES 28, KCB KES 43, NBK KES 5.25, HFCK KES 6.60 Na bado we might see some financial counters trading at less than par value Especially if the fuel tax isn't implemented.. The country will come to a slow crawl Allow me to leave this here https://www.businessdail...53080-dq3tp2/index.html
Financial will recover once PORK UMK declines to sign the bills into law and dully returns it/them to parliament with memos. They will require 2/3 majority to defy PORK (what i hear in the grapevine), i can assure you Jubilee MPs will go MIA on the date of that debate and voting. No voter will remember that their MP was not in parliament during some crucial vote. Let us wait and see. If the fuel tax is not implemented then start count down to a recession Are you also aware the fuel tax will cripple recovery of your kq Kenya is bigger than KQ.. I have invested alot in this country The effects of implementing fuel tax are more catastrophic than the recession in one's imagination. Let the government cut wage bill by 40% as an alternative of budget funding...If PORK goes ahead to manoeuvre ways of signing fuel tax bill expect unprecedented skyrocketing inflation that could be difficult for CBK to tame. UK may want to leave a legacy but he doesn't want a riot on his hands. It's unlikely he can or will cut 40% of the wage bill. The "new" katiba with 47 counties created a whole new level of government! At max there should have been 20 counties that were "economic" in size, geography and population not ethnic enclaves. 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: 13,499 Location: nairobi
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VituVingiSana wrote:Spikes wrote:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Parliament shoots down proposal to raise banks core capital to ksh.5bn Wameruka short call wakakanyaga long call. NIC at KES 28, KCB KES 43, NBK KES 5.25, HFCK KES 6.60 Na bado we might see some financial counters trading at less than par value Especially if the fuel tax isn't implemented.. The country will come to a slow crawl Allow me to leave this here https://www.businessdail...53080-dq3tp2/index.html
Financial will recover once PORK UMK declines to sign the bills into law and dully returns it/them to parliament with memos. They will require 2/3 majority to defy PORK (what i hear in the grapevine), i can assure you Jubilee MPs will go MIA on the date of that debate and voting. No voter will remember that their MP was not in parliament during some crucial vote. Let us wait and see. If the fuel tax is not implemented then start count down to a recession Are you also aware the fuel tax will cripple recovery of your kq Kenya is bigger than KQ.. I have invested alot in this country The effects of implementing fuel tax are more catastrophic than the recession in one's imagination. Let the government cut wage bill by 40% as an alternative of budget funding...If PORK goes ahead to manoeuvre ways of signing fuel tax bill expect unprecedented skyrocketing inflation that could be difficult for CBK to tame. UK may want to leave a legacy but he doesn't want a riot on his hands. It's unlikely he can or will cut 40% of the wage bill. The "new" katiba with 47 counties created a whole new level of government! At max there should have been 20 counties that were "economic" in size, geography and population not ethnic enclaves. Mzee @vvs you actually have the time and patience to respond to such? 40% reduction in wage bill is utopian lunacy
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: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:VituVingiSana wrote:Spikes wrote:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Parliament shoots down proposal to raise banks core capital to ksh.5bn Wameruka short call wakakanyaga long call. NIC at KES 28, KCB KES 43, NBK KES 5.25, HFCK KES 6.60 Na bado we might see some financial counters trading at less than par value Especially if the fuel tax isn't implemented.. The country will come to a slow crawl Allow me to leave this here https://www.businessdail...53080-dq3tp2/index.html
Financial will recover once PORK UMK declines to sign the bills into law and dully returns it/them to parliament with memos. They will require 2/3 majority to defy PORK (what i hear in the grapevine), i can assure you Jubilee MPs will go MIA on the date of that debate and voting. No voter will remember that their MP was not in parliament during some crucial vote. Let us wait and see. If the fuel tax is not implemented then start count down to a recession Are you also aware the fuel tax will cripple recovery of your kq Kenya is bigger than KQ.. I have invested alot in this country The effects of implementing fuel tax are more catastrophic than the recession in one's imagination. Let the government cut wage bill by 40% as an alternative of budget funding...If PORK goes ahead to manoeuvre ways of signing fuel tax bill expect unprecedented skyrocketing inflation that could be difficult for CBK to tame. UK may want to leave a legacy but he doesn't want a riot on his hands. It's unlikely he can or will cut 40% of the wage bill. The "new" katiba with 47 counties created a whole new level of government! At max there should have been 20 counties that were "economic" in size, geography and population not ethnic enclaves. Mzee @vvs you actually have the time and patience to respond to such? 40% reduction in wage bill is utopian lunacy  Poor @Obiero I pity you! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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The penalty is a drop in the ocean. The perpetrators so far nothing has been done, Stanchart handles the most but penalty is a pity Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi
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Ericsson wrote:The penalty is a drop in the ocean. The perpetrators so far nothing has been done, Stanchart handles the most but penalty is a pity A drop? I know what you mean but do not say such a thing! Banking is about trust.. Let's watch the NSE tomorrow https://www.businessdail...756196-l6nqqd/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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These penalties should be paid by docking the pay of the senior management who allowed this to happen! 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: 13,499 Location: nairobi
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VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! Shindwe
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: 8/28/2015 Posts: 1,247
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obiero wrote:VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! Shindwe 😂😂😂😂😂😂, Might it happen that you signed of equity or kcb etc ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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muandiwambeu wrote:obiero wrote:VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! Shindwe 😂😂😂😂😂😂, Might it happen that you signed of equity or kcb etc I totally support, the Senior Executives of these bank should be enjoined and charged together with the others even if it is for embarrassment sake. 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: Member Joined: 6/15/2013 Posts: 301
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Angelica _ann wrote:muandiwambeu wrote:obiero wrote:VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! Shindwe 😂😂😂😂😂😂, Might it happen that you signed of equity or kcb etc I totally support, the Senior Executives of these bank should be enjoined and charged together with the others even if it is for embarrassment sake. What i dont understand is the lack of fairness in the penalties i.e.KCB is paying double the penalty that stanchart is paying yet Stanchart handled the highest figure in NYS cash, at almost triple KCB!!!
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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mulla wrote:Angelica _ann wrote:muandiwambeu wrote:obiero wrote:VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! Shindwe 😂😂😂😂😂😂, Might it happen that you signed of equity or kcb etc I totally support, the Senior Executives of these bank should be enjoined and charged together with the others even if it is for embarrassment sake. What i dont understand is the lack of fairness in the penalties i.e.KCB is paying double the penalty that stanchart is paying yet Stanchart handled the highest figure in NYS cash, at almost triple KCB!!! Might have done required reporting for higher percentage of the handled cash than KCB. I expect the fines are based on the transacted amounts that contravened reporting standards.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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mulla wrote:Angelica _ann wrote:muandiwambeu wrote:obiero wrote:VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! Shindwe 😂😂😂😂😂😂, Might it happen that you signed of equity or kcb etc I totally support, the Senior Executives of these bank should be enjoined and charged together with the others even if it is for embarrassment sake. What i dont understand is the lack of fairness in the penalties i.e.KCB is paying double the penalty that stanchart is paying yet Stanchart handled the highest figure in NYS cash, at almost triple KCB!!! It depends on what was reported to CBK as suspicious and how much of the cash/funds were for shady stuff/people e.g. if Shell/Total/Vivo supplied diesel with no shady stuff going on then why should the bank that received the payment be penalized? If there was a shady payment and it was immediately reported to CBK then why should the bank be penalized? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:These penalties should be paid by docking the pay of the senior management who allowed this to happen! https://www.nation.co.ke...58492-taleynz/index.htmlpossunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:[quote=VituVingiSana]These penalties should be paid by docking the pay of the senior management who allowed this to happen! https://www.nation.co.ke...8492-taleynz/index.html[/quote] I hope this will happen so that they start becoming vigilant. 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: 12/4/2009 Posts: 10,678 Location: NAIROBI
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20% excise tax on banking transactions,banks started implementing yesterday-25 September 2018 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Ericsson wrote:20% excise tax on banking transactions,banks started implementing yesterday-25 September 2018 can you demonstrate it's application with some figures,i hope its not 200 for every 1k "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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I just received texts from the banks. It is 20% of the transaction charge not the transacted amount @mlenny For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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winmak wrote:I just received texts from the banks. It is 20% of the transaction charge not the transacted amount @mlenny So is it not eating on the banks charge side? "Don't let the fear of losing be greater than the excitement of winning."
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Portfolio Balancing: Avoid Over Exposure To Financial Sector
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