cyruskulei wrote:I strongly doubt if those new ventures will generate any positive returns. The advisers wants to make KCB a junk like the other two. Be careful.
People should beware of M&A transactions... They are complex on paper, they cost tonnes of money in terms of advisory fees yet more often than not destroy value for the shareholders.
Good example is CFC Stanbic Reverse Merger. Stanbic is still armotizing goodwill paid to Njonjo and Co while their balance sheet grossly underperforms smaller banks like NIC.
Life is short. Live passionately.