Wazua
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Madness at the NSE
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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doubletap wrote:Ericsson wrote:doubletap wrote:[quote=Esstiko]Any idea on Gitogo's sale of 11 million cic shares? https://www.businessdail...SXaud6M_NWxuPS-S9gu-5YI[/quote] A bit late to comment on this but just thought that directors of loss making public traded companies should not be given packages like all is well and leave the company worse off due to there poor decisions taken when they were in the driving seat. In my view think there remuneration should be based on yearly performance same way shareholders get dividends when the company does well. Then those salaries... etc. Tom Gitogo tried his best in turning around the company. Are you able to point out a poor decision he made.Plus that was the package he negotiated/was given when he was appointed. The decisions leading to the poor performance were made before Tom became ceo. Cannot point out what he has done as CEO but it is apparent the measures he did put in place did not achieve the goals hence my sentiments. Performance based remuneration, a modest/great salary then a bonus based on yearly performance would safeguard the shareholders and the CEO. He ventured the company into the quoted equities whose value on the balance sheet grew ten times. As for the others it was tough since the company had a corporate bond which they were paying annual interest of ksh.650mn. Then they had/have land assets yielding zero cashflow returns. They have pegged sale of them as key to turnaround strategy. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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NSE20 set to reclaim the 2000 handle it lost in June 2020 this week. Next hurdle will be 3,000 last seen in Feb 2019. Long way ahead but as the political formations get clearer, so will the NSE20.  @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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cnn wrote:Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50. Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark. KCB will announce tomorrow after market close. Street estimates come in at 65-70% EPS growth. @SufficientlyP
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Sufficiently Philanga....thropic wrote:cnn wrote:Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50. Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark. KCB will announce tomorrow after market close. Street estimates come in at 65-70% EPS growth. kcb should give an interim to create more steam "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Sufficiently Philanga....thropic wrote:cnn wrote:Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50. Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark. KCB will announce tomorrow after market close. Street estimates come in at 65-70% EPS growth. KCB growth will be 100%+ Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Ericsson wrote:Sufficiently Philanga....thropic wrote:cnn wrote:Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50. Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark. KCB will announce tomorrow after market close. Street estimates come in at 65-70% EPS growth. KCB growth will be 100%+ It's just the LLP provisions which will be reduced. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Ericsson wrote:Sufficiently Philanga....thropic wrote:cnn wrote:Really enjoying the market,for a second time in 18 months KCB giving a handsome return,first i rode the interest rate repeal gain...sold early last year,got back in the 30s in the covid induced bear,now back to 50. Memba's solid 98% PAT H1 2021 growth just gave the market the much needed spark. KCB will announce tomorrow after market close. Street estimates come in at 65-70% EPS growth. KCB growth will be 100%+  Spot on.Net Earnings up 102% EPS growth 60% to 8.53. @SufficientlyP
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Different combination of two men, with even more potential for harm. However the market is giving a peace dividend rally.God be with us
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Different combination of two men, with even more potential for harm. However the market is giving a peace dividend rally.God be with us
KQ ABP 4.26
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