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KCB FY2017
VituVingiSana
#61 Posted : Friday, April 13, 2018 5:36:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Folks were complaining about the 200mn pay package that Mworia of Centum got but the folks at KCB are also raking it 100s of millions for running a bank that has an (almost) monopoly on GoK business.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#62 Posted : Friday, April 13, 2018 6:05:36 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
Folks were complaining about the 200mn pay package that Mworia of Centum got but the folks at KCB are also raking it 100s of millions for running a bank that has an (almost) monopoly on GoK business.



Shareholders in kcb currently get 9 billion in dividend.If the managers are getting some millions,thats not bad.
In centum,shareholders get some millions while managers get billions.
Towards the goal of financial freedom
VituVingiSana
#63 Posted : Friday, April 13, 2018 6:22:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
Folks were complaining about the 200mn pay package that Mworia of Centum got but the folks at KCB are also raking it 100s of millions for running a bank that has an (almost) monopoly on GoK business.


Shareholders in kcb currently get 9 billion in dividend.If the managers are getting some millions,thats not bad.
In centum,shareholders get some millions while managers get billions.
Dividends are not as relevant as sustainable earnings. The shareholders of Berkshire Hathaway do not get a dividend. The shareholders of Apple did not get a dividend until recently.

https://www.businessdail...91350-jp9x60/index.html

Interesting that James Mwangi of Equity got a bonus of ZERO for 2017 while Oigara of KCB raked in a huge bonus for a (bank) performance that's not too different but with a far less lending/asset portfolio for Equity which increased its treasury holdings by a huge margin vs 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
RIEK01
#64 Posted : Friday, April 13, 2018 7:55:53 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Centum is equated to Berkshire 😁😁😁😁and compared to be better than KCB which has grown organically over the years posting real profits (NOT REVALUATIONS AND GAINS FROM DISPOSALS). Very soon, people will discover that CK has been the wheeler dealer.
Ebenyo
#65 Posted : Friday, April 13, 2018 8:15:44 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
Folks were complaining about the 200mn pay package that Mworia of Centum got but the folks at KCB are also raking it 100s of millions for running a bank that has an (almost) monopoly on GoK business.


Shareholders in kcb currently get 9 billion in dividend.If the managers are getting some millions,thats not bad.
In centum,shareholders get some millions while managers get billions.
Dividends are not as relevant as sustainable earnings. The shareholders of Berkshire Hathaway do not get a dividend. The shareholders of Apple did not get a dividend until recently.

https://www.businessdail...91350-jp9x60/index.html

Interesting that James Mwangi of Equity got a bonus of ZERO for 2017 while Oigara of KCB raked in a huge bonus for a (bank) performance that's not too different but with a far less lending/asset portfolio for Equity which increased its treasury holdings by a huge margin vs 2016.


I do not invest in a company that dont pay dividends.
Whether a company makes profit or loss,there are people who are making money from it.Employees,suppliers and contractors make money.Why should i profit anyone else?
Towards the goal of financial freedom
VituVingiSana
#66 Posted : Friday, April 13, 2018 9:13:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
Folks were complaining about the 200mn pay package that Mworia of Centum got but the folks at KCB are also raking it 100s of millions for running a bank that has an (almost) monopoly on GoK business.


Shareholders in kcb currently get 9 billion in dividend.If the managers are getting some millions,thats not bad.
In centum,shareholders get some millions while managers get billions.
Dividends are not as relevant as sustainable earnings. The shareholders of Berkshire Hathaway do not get a dividend. The shareholders of Apple did not get a dividend until recently.

https://www.businessdail...91350-jp9x60/index.html

Interesting that James Mwangi of Equity got a bonus of ZERO for 2017 while Oigara of KCB raked in a huge bonus for a (bank) performance that's not too different but with a far less lending/asset portfolio for Equity which increased its treasury holdings by a huge margin vs 2016.


I do not invest in a company that dont pay dividends.
Whether a company makes profit or loss,there are people who are making money from it.Employees,suppliers and contractors make money.Why should i profit anyone else?
Of course, it is your choice. Do look up Berkshire Hathaway.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#67 Posted : Friday, May 11, 2018 4:41:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...5950-5oagvez/index.html

KCB and KenGen are expected to contribute Sh2 billion and Sh1 billion respectively in dividends to the exchequer, the document shows, leaving 15 other corporations and companies to fork out the remaining Sh1.8 billion.

The government owns 17.5 per cent of KCB, equivalent to 537.4 million shares"

meaning GoK will pocket the FY2017 dividend of sh.2 which is ksh.1.0748bn.
means also KCB may pay interim dividend of ksh.2 per share this year at ksh.1.0748bn
This will bring the total dividend to ksh.2.1496bn less taxes of 5% comes ksh.2bn
If GoK is to meet its target
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Pesa Nane
#68 Posted : Tuesday, June 26, 2018 4:49:57 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Ebenyo
#69 Posted : Wednesday, June 27, 2018 4:19:12 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Pesa Nane wrote:


Kcb board of directors is doing well.These additions will only make it much better.
Towards the goal of financial freedom
Angelica _ann
#70 Posted : Thursday, June 28, 2018 10:32:02 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Hii dividend kanalipwa lini?
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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