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KCB buy buy buy
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kimanimsc
#351 Posted : Thursday, May 12, 2016 11:48:17 AM
Rank: Member

Joined: 5/4/2015
Posts: 241
Location: Kahno
watesh wrote:
sparkly wrote:
watesh wrote:
Aguytrying wrote:
sparkly wrote:
hisah wrote:
mlennyma wrote:
hisah wrote:
VituVingiSana wrote:
hisah wrote:
From TA perspective, the support cluster at 38 - 39 level had better hold. Otherwise the bears threat target projections are 35 then 30. Again I ask, why a rights issue in this defensive market. It sends an ugly signal.
One of KCB's Capital Adequacy Ratio's excess was quite thin at FY 2015. The 10bn [& Scrip Dividend] is needed for the Chase acquisition + expansion.

True. Even more urgent with the Chase deal on the table. But the market has been moving against banks months before. That's what I'm pointing out.

should we expect a similar move by member going forward?

Line in the sand is 35 - 37 zone. Below that bears will aim for the 30 handle. Bulls need to push above 45 handle to put off the bear pressure. For now it's just a push-pull in between (ranging - sideways market).


I don't get it why KCB only finance growth, acquisitions through owner's equity. They have to go back to shareholders every 3-5 years. Not optimal, cost of equity is not cheap.


In contrast equity bank doesn't frequently do rights issue. Tells us all we need to know about the king of growth

Equity has actually never done a rights issue, they are set to do one next year. KCB they have had quite a number


Link?

Full year results announcents video, they will need the money to go into new markets (Mozambique, Zambia)
So far they sitting on 10bn for Ethiopia and more billions to capitalize DRC and Tanzania


Demand gaining momentum ... supply thinning..
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PKoli
#352 Posted : Thursday, May 12, 2016 12:15:00 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Notable demand for KCB today. Could it be in anticipation of good Q1 results?
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Ericsson
#353 Posted : Friday, May 13, 2016 12:29:55 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Accumulation in preparation of the rights issue.
Once KCB is done with tallying of how many shares will be issued under the script dividend the rights issue details will be released.
Rights issue will come immediately after the one for KENGEN pointing to August as the month the rights issue will be held.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#354 Posted : Friday, May 13, 2016 12:38:45 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Also not forgetting the anticipated good Q1 results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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instinct
#355 Posted : Tuesday, May 31, 2016 2:50:30 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
looks like sub 35 was not so far fetched after all...
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mlennyma
#356 Posted : Tuesday, May 31, 2016 2:54:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
instinct wrote:
looks like sub 35 was not so far fetched after all...

let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#357 Posted : Tuesday, May 31, 2016 3:23:58 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
instinct wrote:
looks like sub 35 was not so far fetched after all...

let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking


This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ebenyo
#358 Posted : Tuesday, May 31, 2016 9:01:50 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Aguytrying wrote:
mlennyma wrote:
instinct wrote:
looks like sub 35 was not so far fetched after all...

let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking


This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank

i thought the NPL has been covered well with the right LLP? and its only Q1.Oigara said the NPL was caused by two sources of a total of kshs 7 billion which there is assurance that by june they will resume paying.
Towards the goal of financial freedom
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VituVingiSana
#359 Posted : Tuesday, May 31, 2016 9:40:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ebenyo wrote:
Aguytrying wrote:
mlennyma wrote:
instinct wrote:
looks like sub 35 was not so far fetched after all...

let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking


This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank

i thought the NPL has been covered well with the right LLP? and its only Q1.Oigara said the NPL was caused by two sources of a total of kshs 7 billion which there is assurance that by june they will resume paying.


Oigara is betting on GoK making the payments to the contractors by 30 June using the 20bn it just borrowed in May under the IFB program.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#360 Posted : Tuesday, May 31, 2016 9:51:25 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Ebenyo wrote:
Aguytrying wrote:
mlennyma wrote:
instinct wrote:
looks like sub 35 was not so far fetched after all...

let the rights come and you will see blood flowing through unfamiliar openings meanwhile New lows knocking


This is most likely due the large NPLs increase . The market doesn't take them lightly. Same case with NIC bank

i thought the NPL has been covered well with the right LLP? and its only Q1.Oigara said the NPL was caused by two sources of a total of kshs 7 billion which there is assurance that by june they will resume paying.


Oigara is betting on GoK making the payments to the contractors by 30 June using the 20bn it just borrowed in May under the IFB program.


That 7bn is almost the entire gross NPL of equity their closest competitor. Tafakari hayo.
The investor's chief problem - and even his worst enemy - is likely to be himself
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