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gatoho
#781 Posted : Monday, June 12, 2017 7:32:11 AM
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Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
What becomes of NBK shares??
Foresight..
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Gatheuzi
#782 Posted : Monday, June 12, 2017 7:53:12 AM
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Joined: 8/16/2009
Posts: 994
gatoho wrote:
What becomes of NBK shares??

National treasury and NSSF's stake in NBK will be converted into KCB shares through a share swap bringing their combined stake to 30%. Wanjikus will also be alloted KCB shares.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Horton
#783 Posted : Monday, June 12, 2017 8:16:16 AM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Mkondoa Macho wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
obiero wrote:
[quote=mamilli]Haiya...kcb to buyout nbk

http://www.nation.co.ke/...64706-4w5leu/index.html[/quote]
This is big news


NBK has too many skeletons. Not a good acquisition for KCB.


Cheap deposits in terms of KRA, TSC money.
Those skeletons will be dealt with ruthlessly.
Some time back Equity bank and Stanbic were also interested in acquiring NBK

KCB will now own 70% of NBK and 9% of KQ.. ya dunia ni mengi

KCB shareholders should be alarmed when the bank starts buying junk. NBK and KQ are just bad investments.



Extremely prudent move by KCB. Anyone read the paragraph starting with "buried in the fine print....gava will be forced to close all other accounts in other banks ...and open a mother of all gava account at KCB"
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cyruskulei
#784 Posted : Monday, June 12, 2017 8:39:14 AM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
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.
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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mlennyma
#785 Posted : Monday, June 12, 2017 9:11:16 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
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.

Unless they want to benefit from government funds which are channelled here I also don't see it as a venture that can cause a massive advantage
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#786 Posted : Monday, June 12, 2017 9:19:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Horton wrote:
Mkondoa Macho wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
obiero wrote:
[quote=mamilli]Haiya...kcb to buyout nbk

http://www.nation.co.ke/...64706-4w5leu/index.html[/quote]
This is big news


NBK has too many skeletons. Not a good acquisition for KCB.


Cheap deposits in terms of KRA, TSC money.
Those skeletons will be dealt with ruthlessly.
Some time back Equity bank and Stanbic were also interested in acquiring NBK

KCB will now own 70% of NBK and 9% of KQ.. ya dunia ni mengi

KCB shareholders should be alarmed when the bank starts buying junk. NBK and KQ are just bad investments.



Extremely prudent move by KCB. Anyone read the paragraph starting with "buried in the fine print....gava will be forced to close all other accounts in other banks ...and open a mother of all gava account at KCB"


Closing all other accounts in other bank accounts and open a mother gava account at KCB not wise/fair and will most likely be rejected.
I don't see the proposal seeing the light of the day
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#787 Posted : Monday, June 12, 2017 11:53:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
KCB share price losing while NBK highest gainer today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#788 Posted : Monday, June 12, 2017 12:43:38 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Horton wrote:
Mkondoa Macho wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
obiero wrote:
[quote=mamilli]Haiya...kcb to buyout nbk

http://www.nation.co.ke/...64706-4w5leu/index.html[/quote]
This is big news


NBK has too many skeletons. Not a good acquisition for KCB.


Cheap deposits in terms of KRA, TSC money.
Those skeletons will be dealt with ruthlessly.
Some time back Equity bank and Stanbic were also interested in acquiring NBK

KCB will now own 70% of NBK and 9% of KQ.. ya dunia ni mengi

KCB shareholders should be alarmed when the bank starts buying junk. NBK and KQ are just bad investments.



Extremely prudent move by KCB. Anyone read the paragraph starting with "buried in the fine print....gava will be forced to close all other accounts in other banks ...and open a mother of all gava account at KCB"


Unless KCB becomes the new Central Central Bank.
Life is short. Live passionately.
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sparkly
#789 Posted : Monday, June 12, 2017 12:56:03 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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.
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mlennyma
#790 Posted : Monday, June 12, 2017 1:16:38 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Ericsson wrote:
KCB share price losing while NBK highest gainer today

Because the monkey is escaping death narrowly
"Don't let the fear of losing be greater than the excitement of winning."
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Ebenyo
#791 Posted : Monday, June 12, 2017 3:43:17 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Its too early to judge the consequences of the merger.Lets wait for the process to be completed and then we will see its impact whether positive or negative.
Towards the goal of financial freedom
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muandiwambeu
#792 Posted : Monday, June 12, 2017 6:08:07 PM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
sparkly wrote:
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.

I too echo your sentiments @sparkly. Most likely, kcb will have to incur significant restructuring cost as a result of buying bad will( poor organisation cultures and traits that can not be inherited from pawns of "Munrie") post M&A. Fench sitting here too, till dust settles.
,Behold, a sower went forth to sow;....
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lochaz-index
#793 Posted : Monday, June 12, 2017 8:05:58 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
What is it with Kcb and collapsing banks? First Imperial then Chase...now Nbk plus talk of Consolidated and Development banks. Seems to me there is more than meets the eye here.
The main purpose of the stock market is to make fools of as many people as possible.
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sparkly
#794 Posted : Monday, June 12, 2017 8:46:18 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
lochaz-index wrote:
What is it with Kcb and collapsing banks? First Imperial then Chase...now Nbk plus talk of Consolidated and Development banks. Seems to me there is more than meets the eye here.


KCB is a well sought out Blue Chip. why they want to soil their good reputation by buying monkeys beats me.
Life is short. Live passionately.
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Ebenyo
#795 Posted : Monday, June 12, 2017 8:58:48 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
sparkly wrote:
lochaz-index wrote:
What is it with Kcb and collapsing banks? First Imperial then Chase...now Nbk plus talk of Consolidated and Development banks. Seems to me there is more than meets the eye here.


KCB is a well sought out Blue Chip. why they want to soil their good reputation by buying monkeys beats me.


@sparky,all is not lost.I suspect the idea is from the national treasury which actually has a seat in kcb board.The motive could be to use kcb strength to save nbk and consolidated bank.Remember last year they had the idea to merge nbk and consolidated but they went quite.I feel kcb will gain in the long run as it will attract good deposits and large transactions in govt agencies and most ministries.
Towards the goal of financial freedom
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gatoho
#796 Posted : Monday, June 12, 2017 9:25:55 PM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
Gatheuzi wrote:
gatoho wrote:
What becomes of NBK shares??

National treasury and NSSF's stake in NBK will be converted into KCB shares through a share swap bringing their combined stake to 30%. Wanjikus will also be alloted KCB shares.



What about the remaining 30% kcb doesn't buy?
Foresight..
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Ericsson
#797 Posted : Monday, June 12, 2017 11:22:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Going by this news acquisition of NBK by KCB is not going anywhere.
NSSF has scuttled the plans

http://www.businessdaily...67474-9lv4gdz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Gatheuzi
#798 Posted : Tuesday, June 13, 2017 7:10:11 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
gatoho wrote:
Gatheuzi wrote:
gatoho wrote:
What becomes of NBK shares??

National treasury and NSSF's stake in NBK will be converted into KCB shares through a share swap bringing their combined stake to 30%. Wanjikus will also be alloted KCB shares.



What about the remaining 30% kcb doesn't buy?

The initial plan is for KCB to buy 70% owned by NSSF and treasury. In the final phase the remaining 30% of shares held by the public will also be bought under similar terms. Details are scanty at this point so we may have to wait for a detailed IM.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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obiero
#799 Posted : Tuesday, June 13, 2017 7:13:55 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,472
Location: nairobi
Gatheuzi wrote:
gatoho wrote:
Gatheuzi wrote:
gatoho wrote:
What becomes of NBK shares??

National treasury and NSSF's stake in NBK will be converted into KCB shares through a share swap bringing their combined stake to 30%. Wanjikus will also be alloted KCB shares.



What about the remaining 30% kcb doesn't buy?

The initial plan is for KCB to buy 70% owned by NSSF and treasury. In the final phase the remaining 30% of shares held by the public will also be bought under similar terms. Details are scanty at this point so we may have to wait for a detailed IM.

You will wonder why a cautionary announcement was not effected

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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guru267
#800 Posted : Tuesday, June 13, 2017 7:44:00 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
KCB share price losing while NBK highest gainer today


This is typical share price movement during merger rumours.
Mark 12:29
Deuteronomy 4:16
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