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MadDoc		#2311 Posted : Sunday, August 20, 2017 8:34:41 AM
Rank: Member Joined: 10/26/2015 Posts: 151		obiero wrote: MadDoc wrote: obiero wrote: MadDoc wrote: If the Banks accede to KQs demands, will the debts reflect on their books as a write off? My thinking is that it would be classified as a write off but with a corresponding asset increase classified as listed security, thereafter any gains from sales will be indicated as write backs, with any surplus booked as profit Further drop in profits expected Further drops in which company? Definitely not Kenya Airways I meant the Banks.
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sparkly		#2312 Posted : Sunday, August 20, 2017 6:15:09 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		obiero wrote: MadDoc wrote: If the Banks accede to KQs demands, will the debts reflect on their books as a write off? My thinking is that it would be classified as a write off but with a corresponding asset increase classified as listed security, thereafter any gains from sales will be indicated as write backs, with any surplus booked as profit Probably write off interest receivable but reclassify the principal loan as from loan to investment. Life is short. Live passionately.
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obiero		#2313 Posted : Sunday, August 20, 2017 6:24:29 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi		sparkly wrote: obiero wrote: MadDoc wrote: If the Banks accede to KQs demands, will the debts reflect on their books as a write off? My thinking is that it would be classified as a write off but with a corresponding asset increase classified as listed security, thereafter any gains from sales will be indicated as write backs, with any surplus booked as profit Probably write off interest receivable but reclassify the principal loan as from loan to investment. Exactly. There's no other way around this COOP, IMH, KEGN, KQ, MTNU
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muandiwambeu		#2314 Posted : Sunday, August 20, 2017 9:44:17 PM
Rank: Veteran Joined: 8/28/2015 Posts: 1,247		sparkly wrote: obiero wrote: MadDoc wrote: If the Banks accede to KQs demands, will the debts reflect on their books as a write off? My thinking is that it would be classified as a write off but with a corresponding asset increase classified as listed security, thereafter any gains from sales will be indicated as write backs, with any surplus booked as profit Probably write off interest receivable but reclassify the principal loan as from loan to investment. Why not capitalise interest together with other costs of acquiring the investment at the date of conversion. I believe the consideration at the date of conversion is consists the principal interests accrued:/d and etc ,Behold, a sower went forth to sow;....
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obiero		#2315 Posted : Monday, August 21, 2017 6:53:06 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi		muandiwambeu wrote: sparkly wrote: obiero wrote: MadDoc wrote: If the Banks accede to KQs demands, will the debts reflect on their books as a write off? My thinking is that it would be classified as a write off but with a corresponding asset increase classified as listed security, thereafter any gains from sales will be indicated as write backs, with any surplus booked as profit Probably write off interest receivable but reclassify the principal loan as from loan to investment. Why not capitalise interest together with other costs of acquiring the investment at the date of conversion. I believe the consideration at the date of conversion is consists the principal interests accrued:/d and etc The same is not a 'lost' investment but rather a converted debt so ideally any amount not collected shall be accounted in the books COOP, IMH, KEGN, KQ, MTNU
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mamilli		#2316 Posted : Monday, August 21, 2017 9:00:55 PM
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi		obiero wrote: Partial reversal of the cap now almost guaranteed with a Uhuru win I bet gava will blink first.... http://www.businessdaily...64280-3pll40z/index.html Never lose your position in a bull market,BTFD.
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quicksand		#2317 Posted : Tuesday, August 22, 2017 8:24:22 AM
Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi		mamilli wrote: obiero wrote: Partial reversal of the cap now almost guaranteed with a Uhuru win I bet gava will blink first.... http://www.businessdaily...64280-3pll40z/index.html How is CBA doing compared to other banks?
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Angelica _ann		#2318 Posted : Tuesday, August 22, 2017 9:31:06 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,941		mamilli wrote: obiero wrote: Partial reversal of the cap now almost guaranteed with a Uhuru win I bet gava will blink first.... http://www.businessdaily...64280-3pll40z/index.html Among our 40+ banks, there is none who is creative and innovative and able to develop ways to exploit this law to their advantage!!! 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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winston		#2319 Posted : Tuesday, August 22, 2017 9:41:28 AM
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi		Angelica _ann wrote: mamilli wrote: obiero wrote: Partial reversal of the cap now almost guaranteed with a Uhuru win I bet gava will blink first.... http://www.businessdaily...64280-3pll40z/index.html Among our 40+ banks, there is none who is creative and innovative and able to develop ways to exploit this law to their advantage!!! @Angelica...that advantage must outweigh other existing opportunities on a risk adjusted basis. Currently it will be hard to beat investing in T/bonds on a risk adjusted basis.
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Ngalaka		#2320 Posted : Tuesday, August 22, 2017 10:28:10 AM
Rank: Veteran Joined: 10/29/2008 Posts: 1,566		Angelica _ann wrote: mamilli wrote: obiero wrote: Partial reversal of the cap now almost guaranteed with a Uhuru win I bet gava will blink first.... http://www.businessdaily...64280-3pll40z/index.html Among our 40+ banks, there is none who is creative and innovative and able to develop ways to exploit this law to their advantage!!! Good question to the proponents of the interest caps as it stands currently. Isuni yilu yi maa me muyo - ni Mbisuu
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