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Portfolio Balancing: Avoid Over Exposure To Financial Sector
obiero
#221 Posted : Wednesday, May 02, 2018 12:08:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Angelica _ann wrote:
obiero wrote:
BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1

For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity.

HF too closed its books for the bonus.. Q1 results will give the way forward

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Monk
#222 Posted : Wednesday, May 02, 2018 12:17:38 PM
Rank: Member


Joined: 7/1/2009
Posts: 245
Angelica _ann wrote:
obiero wrote:
BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1

For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity.


Same for BBK...nothing to worry about here, unless parliament refuses to review the rate cap law. Even if they pull that move, I believe that law will eventually be revised further down the road, so for a long termer, they would only be creating another buying opportunity.
obiero
#223 Posted : Wednesday, May 02, 2018 12:43:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Monk wrote:
Angelica _ann wrote:
obiero wrote:
BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1

For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity.


Same for BBK...nothing to worry about here, unless parliament refuses to review the rate cap law. Even if they pull that move, I believe that law will eventually be revised further down the road, so for a long termer, they would only be creating another buying opportunity.

Its not looking good my friend..

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
watesh
#224 Posted : Wednesday, May 02, 2018 1:12:06 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
Sold KCB and Equity at 54 and 55...sold Safaricom at 33.....its now buying festival for me.....especially Safaricom.
VituVingiSana
#225 Posted : Wednesday, May 02, 2018 2:58:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mulla
#226 Posted : Wednesday, May 02, 2018 4:36:20 PM
Rank: Member


Joined: 6/15/2013
Posts: 301
Angelica _ann wrote:
obiero wrote:
BBK KES 12, NIC KES 37, KCB KES 48.. Three financials in today's top losers. Interesting times as we await Q1

For the last 2, KCB - dividend & NIC dividend plus bonus close was Monday 30th April. They will recover. Look at Equity.

Yep....Equity and KCB trends mirror each other. KCB will bounce back.
Ericsson
#227 Posted : Wednesday, May 02, 2018 4:53:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)

All the best brother
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#228 Posted : Thursday, August 02, 2018 4:49:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI

https://www.businessdail...93910-hyhfhd/index.html
Tanzania’s banking regulator, the Bank of Tanzania (BoT), on Thursday placed Bank M Tanzania Plc under administration after it became insolvent.

The lender consequently will not open for normal business for up to ninety days effective Thursday “during which the Bank of Tanzania will determine an appropriate resolution option,” the regulator added.

The move is expected to affect the operations of the Kenyan small-sized lender M-Oriental, formerly Oriental Commercial Bank, where the Tanzanian lender owns a 51 per cent stake.

Another bank bites the dust,won't be surprised if Kenya's CBK-KDIC takes over its kenyan affiliate
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#229 Posted : Friday, August 03, 2018 7:37:10 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)


They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.

This was it will be easier to mobilize deposits and establish a local ethos.

Biggest problem in buying an Indian Bank is to localize it for the Western people.
Life is short. Live passionately.
Ericsson
#230 Posted : Saturday, August 04, 2018 9:34:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)


They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.

This was it will be easier to mobilize deposits and establish a local ethos.

Biggest problem in buying an Indian Bank is to localize it for the Western people.


They can buy credit bank which isn't muhindi bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#231 Posted : Sunday, August 05, 2018 11:52:22 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)


They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.

This was it will be easier to mobilize deposits and establish a local ethos.

Biggest problem in buying an Indian Bank is to localize it for the Western people.


They can buy credit bank which isn't muhindi bank


Bought by FEP
Life is short. Live passionately.
Ericsson
#232 Posted : Monday, August 06, 2018 7:53:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
https://www.businessdail...698434-277y3j/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#233 Posted : Monday, August 06, 2018 7:55:38 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)


They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.

This was it will be easier to mobilize deposits and establish a local ethos.

Biggest problem in buying an Indian Bank is to localize it for the Western people.


They can buy credit bank which isn't muhindi bank


Bought by FEP


If they get a willing buyer they will dispose off their stake
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#234 Posted : Monday, August 06, 2018 10:14:03 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/14-lake-region-governors-set-to-acquire-bank-under-economic-bloc/

ourteen governors have said they will acquire an existing bank under the Lake Region Economic Bloc (LREB) to propel their development agenda.

Wycliffe Oparanya, LREB chairman and Governor Kakamega County said ex KCB Group CEO Martin Oduor has been asked to help find a potential bank for the bloc’s project worth Sh2.8 billion.

“We have decided to buy an existing bank instead of establishing a new one, which will take time. […] We want a smaller bank where we have a controlling share,” Oparanya said at Lesavanna Hotel in Kisumu.

Governor Oparanya said the project is at an advanced stage and have discussed the matter over with the Controller of budget, the governor of the Central Bank, and the Auditor General.

They should buy Sidian Bank Laughing out loudly Laughing out loudly Laughing out loudly


That is a loss making entity with little presence in that zone.
Centum and I just want the cash from the sale of Sidian ;-)


They should convert one of the big Saccos in the region into a bank. If not, merge several saccos and convert into a bank.

This was it will be easier to mobilize deposits and establish a local ethos.

Biggest problem in buying an Indian Bank is to localize it for the Western people.


They can buy credit bank which isn't muhindi bank


Bought by FEP


If they get a willing buyer they will dispose off their stake


Best fit with Nyachae connection but i doubt Kithaka and Co will let go
Life is short. Live passionately.
Ericsson
#235 Posted : Tuesday, August 07, 2018 11:37:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
https://www.businessdail...00966-srofjbz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#236 Posted : Wednesday, August 22, 2018 6:01:51 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Why I left Kenya financials at the NSE https://mobile.nation.co...23130-72va2fz/index.html

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#237 Posted : Thursday, August 23, 2018 3:01:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
https://www.businessdail...4774-wh3cd2z/index.html

Banks will have to increase their core capital from Sh1 billion to Sh5 billion over the next four years if Parliament adopts new amendments to the Banking Act.

Kiambu Town MP Jude Njomo, the architect of the interest rate capping law, wants banks to have minimum capital of Sh2 billion by December 31, 2019, Sh3.5 billion (2020) and Sh5 billion (2021).

He wants the changes approved through the Finance Bill, 2018 to create stronger banks.

The move is set to force mergers and acquisitions as smaller lenders seek to survive.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#238 Posted : Thursday, August 23, 2018 7:36:28 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=obiero]Why I left Kenya financials at the NSE https://mobile.nation.co...3130-72va2fz/index.html[/quote]

What are your returns since you left Financials?
Life is short. Live passionately.
Angelica _ann
#239 Posted : Thursday, August 23, 2018 7:38:15 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
sparkly wrote:
[quote=obiero]Why I left Kenya financials at the NSE https://mobile.nation.co...3130-72va2fz/index.html[/quote]

What are your returns since you left Financials?


Financials are OK at NSE, best sector. Pole @Obiero!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#240 Posted : Thursday, August 23, 2018 8:19:01 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,463
Location: nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Parliament-gets-notice-for-banks-capital-rise-to-Sh5bn/3946234-4724774-wh3cd2z/index.html

Banks will have to increase their core capital from Sh1 billion to Sh5 billion over the next four years if Parliament adopts new amendments to the Banking Act.

Kiambu Town MP Jude Njomo, the architect of the interest rate capping law, wants banks to have minimum capital of Sh2 billion by December 31, 2019, Sh3.5 billion (2020) and Sh5 billion (2021).

He wants the changes approved through the Finance Bill, 2018 to create stronger banks.

The move is set to force mergers and acquisitions as smaller lenders seek to survive.

More drama

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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