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VituVingiSana
#976 Posted : Wednesday, May 16, 2018 8:20:21 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#977 Posted : Wednesday, May 16, 2018 9:16:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.

Whatever makes you sleep mzee

KQ ABP 4.26
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Angelica _ann
#978 Posted : Wednesday, May 16, 2018 9:28:45 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?
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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obiero
#979 Posted : Wednesday, May 16, 2018 9:37:09 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic

KQ ABP 4.26
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VituVingiSana
#980 Posted : Wednesday, May 16, 2018 10:26:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
Substance over Form. Yes, it probably reduced the provisions but not because there were recoveries or regularization of the loans. The Capital Ratios took a hit. "Equity" investments in entities like KQLC are not included in critical Capital Ratios calculations.

If all the NPLs for any bank were converted to shares in (bankrupt) firms, would the bank become healthier?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#981 Posted : Wednesday, May 16, 2018 10:40:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
Substance over Form. Yes, it probably reduced the provisions but not because there were recoveries or regularization of the loans. The Capital Ratios took a hit. "Equity" investments in entities like KQLC are not included in critical Capital Ratios calculations.

If all the NPLs for any bank were converted to shares in (bankrupt) firms, would the bank become healthier?

Of course not if the amount was significant but in this case it's not! KCB assets are fast approaching 1trillion!!!

KQ ABP 4.26
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  | | Edit by user: Wednesday, May 16, 2018 10:43 PM | Reason: Not specified
mwekez@ji
#982 Posted : Sunday, July 01, 2018 7:28:43 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
Substance over Form. Yes, it probably reduced the provisions but not because there were recoveries or regularization of the loans. The Capital Ratios took a hit. "Equity" investments in entities like KQLC are not included in critical Capital Ratios calculations.

If all the NPLs for any bank were converted to shares in (bankrupt) firms, would the bank become healthier?

Of course not if the amount was significant but in this case it's not! KCB assets are fast approaching 1trillion!!!

Actually, KCB converted unsecured loan to a secured loan (secured partly by the KQ shares through KQLC and partly by government guarantee)
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mwekez@ji
#983 Posted : Sunday, July 01, 2018 7:35:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities
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  | | Edit by user: Sunday, July 01, 2018 7:40 PM | Reason: Not specified
mlennyma
#984 Posted : Sunday, July 01, 2018 8:24:30 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities

we will sell at 100bob next year
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#985 Posted : Monday, July 02, 2018 8:35:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities


I dont see anywhere mentioned that they have bought kcb shares.
Nic bank is the one mentioned explicitly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#986 Posted : Monday, July 02, 2018 10:11:43 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities


I dont see anywhere mentioned that they have bought kcb shares.
Nic bank is the one mentioned explicitly



They got in last week. Also purchased GCB
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xxxxx
#987 Posted : Monday, July 02, 2018 10:33:46 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
Horton wrote:
Ericsson wrote:
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities


I dont see anywhere mentioned that they have bought kcb shares.
Nic bank is the one mentioned explicitly



They got in last week. Also purchased GCB


Eish.
.how come they didn't call a press conference??Laughing out loudly
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Horton
#988 Posted : Monday, July 02, 2018 10:36:57 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
xxxxx wrote:
Horton wrote:
Ericsson wrote:
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities


I dont see anywhere mentioned that they have bought kcb shares.
Nic bank is the one mentioned explicitly



They got in last week. Also purchased GCB


Eish.
.how come they didn't call a press conference??Laughing out loudly



🤣🤣 coz ithe investment was in Mirriions not in birrrions 😆
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Ericsson
#989 Posted : Monday, July 02, 2018 10:38:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Horton wrote:
xxxxx wrote:
Horton wrote:
Ericsson wrote:
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities


I dont see anywhere mentioned that they have bought kcb shares.
Nic bank is the one mentioned explicitly



They got in last week. Also purchased GCB


Eish.
.how come they didn't call a press conference??Laughing out loudly



🤣🤣 coz ithe investment was in Mirriions not in birrrions 😆


Acha tungoje tuone if it will reach 75 Bob for them to exit
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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xxxxx
#990 Posted : Monday, July 02, 2018 10:42:08 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
Ericsson wrote:
Horton wrote:
xxxxx wrote:
Horton wrote:
Ericsson wrote:
mwekez@ji wrote:
Cytonn has in the past week bought KCB shares. I welcome them back to simba https://cytonnreport.com/researc...-markets-review#equities


I dont see anywhere mentioned that they have bought kcb shares.
Nic bank is the one mentioned explicitly



They got in last week. Also purchased GCB


Eish.
.how come they didn't call a press conference??Laughing out loudly



🤣🤣 coz ithe investment was in Mirriions not in birrrions 😆


Acha tungoje tuone if it will reach 75 Bob for them to exit

Urghh... This folly of day trading. They should have stayed invested. Did they think the value in kcb was exhausted????
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