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Why KCB???
VituVingiSana
#11 Posted : Wednesday, June 16, 2010 6:28:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
My 2 cents wrote:
VituVingiSana wrote:
KCB is no Equity... heck, no-one else is Equity!


True dat. That is why everyone else will still be standing when the house of cards comes crashing........


Nope... If what u imply happens all will suffer except the multinationals like BBK & StanChart...

In the 1990s, as folks fled the local banks... cash went to these guys...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
youcan'tstopusnow
#12 Posted : Wednesday, June 16, 2010 6:49:23 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
My 2 cents, there is no "house of cards" that will be crashing. Do you really believe those stories that Equity will fall. Haha. I almost pissed myself!
GOD BLESS YOUR LIFE
youcan'tstopusnow
#13 Posted : Wednesday, June 16, 2010 6:51:09 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Matter of fact, I think I just did!
GOD BLESS YOUR LIFE
youcan'tstopusnow
#14 Posted : Wednesday, June 16, 2010 6:53:16 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VVS, Equity at 24 bob and KCB at 15 bob, which one would you buy? Lets say a for a period of 5 years.
GOD BLESS YOUR LIFE
VituVingiSana
#15 Posted : Wednesday, June 16, 2010 7:00:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
youcan'tstopusnow wrote:
VVS, Equity at 24 bob and KCB at 15 bob, which one would you buy? Lets say a for a period of 5 years.


Tough one coz Equity hasnt even scratched the surface in Uganda or Sudan yet KCB looks compelling coz of existing footprint...

If the KCB management & staff are 'changed' then KCB at 15/-...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
chaliwong
#16 Posted : Wednesday, June 16, 2010 11:13:22 PM
Rank: New-farer

Joined: 1/10/2010
Posts: 73
Location: kenya
KCB is still a KANU stronghold.
Look at the staff especially the management (old Guard):
Most of them ni Jogoo.
My 2 cents
#17 Posted : Thursday, June 17, 2010 10:44:57 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
youcan'tstopusnow wrote:
Matter of fact, I think I just did!


Hold your horses, there may have to be more of that from you in the future....
Fundaah
#18 Posted : Thursday, June 17, 2010 11:28:27 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
youcan'tstopusnow wrote:
My 2 cents, there is no "house of cards" that will be crashing. Do you really believe those stories that Equity will fall. Haha. I almost pissed myself!


Agreed,

In the past , there was a perception that Equity was a political bank ....favored by the Central Bank( non disclore of directors exception) , Treasury (channeling of budgetary funds like women and youth funds through the bank) and top Government figures Kimunya ,Ndungu and HE...

In the course of time ,Equity has shed this perception and become a market leader in innovation ....Benki ya Mwananchi......Mkesho.....banking facilities for the poor...
This has made equity a perennial award winner both locally and internationally .....I believe the assesors of the awards esp international awards are not politically influenced ......are they ?
Equity must be doing something that sets it apart.....
Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
mukiha
#19 Posted : Thursday, June 17, 2010 11:43:14 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I was quite bullish about Equity last year; then a few months back I had a chat with one of the GMs and he painted the picture that EQT without Mwangi is uncertain. Mwangi still micro-manages the bank and it makes one wonder what kind of future it has without him. It could be bright; or it could be dark. And therein lies the uncertainty. I have since eased off this counter.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
kizee
#20 Posted : Thursday, June 17, 2010 12:06:12 PM
Rank: Member

Joined: 1/9/2008
Posts: 537
the sooner the folks on SK realize that KCB is going noweher the better...just goin thru the info memorandum and it seems that kcb has no idea wat it wants to do with the 15 bn it plans to realize..apart offcourse from sortin out some prudential ratios(which ratios they dont mention)...wat really jazzes me about this rights issue is that it will cost KCB a staggering KES 470mio odd( a cool 21mio on pr!)...VVS said it best..KCB shud hav sought out an anchor shareholder...maybe ACTIS,IFC ama proparco...doubt kcb managemnt wud want an anchor shareholder thats a foreign bank becoz they wud all be dismissed for gross incompetance
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