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I don't Know What to Tell People

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obiero		#11 Posted : Sunday, August 28, 2016 9:26:12 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi		FRM2011 wrote: washiku wrote: I hope you are not under influence, are you? He he,@washiku, two things. It's @alma and the time stamp on the post. Hii ni shida ya phombe. And now we know who he has a crush on. Has he ever seen @ann ama it's Dutch courage
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VituVingiSana		#12 Posted : Sunday, August 28, 2016 9:36:22 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@Obiero - The 3% funds sourced by KCB probably have restrictions on on-lending. And they borrow in forex. Lending in KES at 14.5% would a huge risk. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#13 Posted : Sunday, August 28, 2016 9:40:44 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi		VituVingiSana wrote: @Obiero - The 3% funds sourced by KCB probably have restrictions on on-lending. And they borrow in forex. Lending in KES at 14.5% would a huge risk. Banks have treasury units to handle such matters.. Fact remains that they have cheap funds plus the USD is strengthening against KES hence more funds in hand upon conversion
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wukan		#14 Posted : Sunday, August 28, 2016 10:34:57 AM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		obiero wrote: Hehe. I had earlier information and passed it on right here that the bill will be signed.. I also happen to hold some financial services stock but opted not to sell with full awareness that the same shall fall.. Now, quote me and quote me right, nothing much has changed in essence for the banks.. Firstly, the existing loans will not be repriced, further new deposits will not be higher than the proposed minimum regardless of amount.. The margin spread proposed by law are actually higher than what was charged prior.. So long as banks shall keep costs of funds low then they will survive. KCB has sourced funds at 3% from Europe for onward lending at 14.5%!! COOP bank has also shown that implementation is welcome and doable.. The sky shall not turn green and the water will not turn red.. Banks will sail through the storm and the stocks will stabilise starting tomorrow!!! Lack of bids to match the asks remains a positive sign and should be only yardstick to be utilized by traders.. As for investors, we wait.. You know money is just a way of keeping scores. I "invested" 510,000 in KCB rights at 17/=. I want my capital back so i will still maintain my order till around 18/=. If you are willing to run the risk of holding KCB please match my ask(at best). I can choose to try some other investment or take it and spoil it on a Pretty Young Thing.
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Wamunyota		#15 Posted : Sunday, August 28, 2016 1:42:28 PM
Rank: Veteran Joined: 6/23/2014 Posts: 1,652		yenyewe hapa Alma you have a point.Maybe Uhuru should have a law to tame them. Hutia Mundu!!
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Spikes		#16 Posted : Sunday, August 28, 2016 2:05:02 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		Wamunyota wrote: yenyewe hapa Alma you have a point.Maybe Uhuru should have a law to tame them. I am always the first one to show people over here the direction of the NSE but Wazuans usually refuse to heed my prophesy after prophesy. I told you the bill will be signed in one sentence. People hardened their hearts offering long analysis justifying their cling on financials. Wakadhani ni mchezo uuuiii! TITHIMA. Say it again kama imebamba TITHIMA! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero		#17 Posted : Sunday, August 28, 2016 2:11:55 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi		Spikes wrote: Wamunyota wrote: yenyewe hapa Alma you have a point.Maybe Uhuru should have a law to tame them. I am always the first one to show people over here the direction of the NSE but Wazuans usually refuse to heed my prophesy after prophesy. I told you the bill will be signed in one sentence. People hardened their hearts offering long analysis justifying their cling on financials. Wakadhani ni mchezo uuuiii! TITHIMA. Say it again kama imebamba TITHIMA! LOL. You are the most clueless investor I have ever encountered since @qw
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enyands		#18 Posted : Sunday, August 28, 2016 3:34:57 PM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		obiero wrote: Spikes wrote: Wamunyota wrote: yenyewe hapa Alma you have a point.Maybe Uhuru should have a law to tame them. I am always the first one to show people over here the direction of the NSE but Wazuans usually refuse to heed my prophesy after prophesy. I told you the bill will be signed in one sentence. People hardened their hearts offering long analysis justifying their cling on financials. Wakadhani ni mchezo uuuiii! TITHIMA. Say it again kama imebamba TITHIMA! LOL. You are the most clueless investor I have ever encountered since @qw Wacha Matusi
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VituVingiSana		#19 Posted : Sunday, August 28, 2016 3:53:24 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		obiero wrote: VituVingiSana wrote: @Obiero - The 3% funds sourced by KCB probably have restrictions on on-lending. And they borrow in forex. Lending in KES at 14.5% would a huge risk. Banks have treasury units to handle such matters.. Fact remains that they have cheap funds plus the USD is strengthening against KES hence more funds in hand upon conversion If KCB had borrowed USD, converted it and lent it out at 14.5% then KCB needs more KES to repay the USD loan [since the USD has become stronger] which reduces the yield. 1) Are the USD loans unrestricted i.e. KCB can lend to whom they want? 2) Are the USD loans really at 3%? If GoK borrowed at 5-6% then why would someone lend unrestricted funds to KCB at 3%? 3) Has KCB "insured" (or hedged) the USD? We saw many firms/banks suffer when their USD liabilities soar in KES when the KES went from 84 to 107. KK is an example. As is KQ. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Jon Jones		#20 Posted : Sunday, August 28, 2016 8:04:03 PM
Rank: Member Joined: 9/11/2015 Posts: 245 Location: Thika		The stock market is a rigged game. It is ironical for a stocks investor without a seat at the board or ears at the board to criticize a person who gambles. It is almost the same thing...ALMOST. 99% of stock market investors invest blindly...because they cannot authenticate the quality of financial statements presented to them, and audit firms are all compromised. I stopped investing in shares a long time ago when I discovered that companies could go bankrupt three months after an audit of their accounts. Unless you are an insider either physically or by proxy, it does not make any financial sense to invest in stocks. Even those who make money are just lucky. To all wazua investors, how much do you know about the company you have invested in? How can you confirm the accuracy of the accounts presented if even auditors can be compromised? *Since men have learned to shoot without missing, I have learned to fly without perching*
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