Wazua
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Eye on I&M ...
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1 Good morning @vvs COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1  Well, how did KQ do between Jul 2017 - Dec 2018? And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1 Well, how did KQ do between Jul 2017 - Dec 2018? And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018. Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1 Well, how did KQ do between Jul 2017 - Dec 2018? And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018. Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances Good luck. I want KQ to succeed. If I understood the restructuring, I&M now holds shares in KQ via KQLC and has loans to KQ. I hope these loans are paid off and the shares can be sold. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1 Well, how did KQ do between Jul 2017 - Dec 2018? And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018. Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances Good luck. I want KQ to succeed. If I understood the restructuring, I&M now holds shares in KQ via KQLC and has loans to KQ. I hope these loans are paid off and the shares can be sold. National Bank of Kenya, Co-operative Bank, CBA, NIC Bank, DTB KCB, I&M, Ecobank, JBB, Equity and Chase Bank, are collectively owed Sh26 billion by KQ, under KQLC representing 38% shareholding COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Results are out.. Profits heavily down. 414m issued shares is the only thing holding it up.. Due to low liquidity manipulation of price is easy. Hii ndio baba ya nyani banks So it's still profitable unlike KQ? Use that line extensively now cause in the next six months you will use it no more as KQ will turn in a profit in its H1 Well, how did KQ do between Jul 2017 - Dec 2018? And It's highly unlikely that KQ will make more (PBT) than I&M in FY (Jan-Dec) 2018. Hehe. Sasa wewe wacha comparisons bwana @vvs.. A profit is a profit considering the circumstances Good luck. I want KQ to succeed. If I understood the restructuring, I&M now holds shares in KQ via KQLC and has loans to KQ. I hope these loans are paid off and the shares can be sold. National Bank of Kenya, Co-operative Bank, CBA, NIC Bank, DTB KCB, I&M, Ecobank, JBB, Equity and Chase Bank, are collectively owed Sh26 billion by KQ, under KQLC representing 38% shareholding Except for the debt to equity conversion [didn't JBB back out?], doesn't each bank still have outstanding loans to KQ? Wasn't each bank expected to loan additional funds to KQ? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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At 14.2% NPL being highest in tier 1 banks.. I am worried about I&M COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,376 Location: Nairobi
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obiero wrote:At 14.2% NPL being highest in tier 1 banks.. I am worried about I&M Do not be. I&M will be OK. I think KQ might have been part of the problem. Prudence means a non-performing loan or a loan to a borrower in distress should be NPL'd. Expect reversals of NPLs in 3Q 2018 as recoveries are made and loans restructured. I think there is a 6-month waiting period before the accounts can be reinstated as "performing" after they start performing. NIC took a huge hit 2-3 years ago. Prudence. As recoveries happen these are reversed. The same with I&M... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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obiero wrote:At 14.2% NPL being highest in tier 1 banks.. I am worried about I&M Most of it is loans to fellow Indian companies. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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