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KCB buy buy buy
obiero
#861 Posted : Friday, July 14, 2017 5:49:44 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Muthawamunene wrote:
@Obiero Winda.co.ke is a great idea, but as with everything, presentation is key. I am offering to style your site and boost user experience thus enabling winda.co.ke to make a lasting impression. I am representing http://distinctive.co.ke/. Talk to us. Should you decide to, say that Moses referred you.

Thank you for your time and consideration.. The same is self built hence lean design, but will definitely think about you when I need to upscale the aesthetic appeal

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#862 Posted : Friday, July 14, 2017 5:57:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
winston wrote:
winston wrote:
@obiero...thanks will check the forecasts out


@obiero...tried registering into www.winda.co.ke but not able too...system not responding

@winston thank you for highlighting the registration gap.. now sorted

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ebenyo
#863 Posted : Saturday, July 15, 2017 8:13:27 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
When the interest rates cap law is repealed or reviewed share price shouldn't be trading at less than 80.


The company will require ksh 40 billion to finalise nbk takeover.They will come asking the money from me and you in rights issue.Remember last year they had the same thoughts but shelved it after the scrip dividend and a 20 billion loan worked out the ratios.
If it reaches here,your price of 80 will still be far.We will be glad to buy at 28-32.
Towards the goal of financial freedom
obiero
#864 Posted : Saturday, July 15, 2017 8:24:22 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
When the interest rates cap law is repealed or reviewed share price shouldn't be trading at less than 80.


The company will require ksh 40 billion to finalise nbk takeover.They will come asking the money from me and you in rights issue.Remember last year they had the same thoughts but shelved it after the scrip dividend and a 20 billion loan worked out the ratios.
If it reaches here,your price of 80 will still be far.We will be glad to buy at 28-32.

True.. The dynamics surrounding the rate cap are intense and scrapping it altogether may just be reasonable but impractical

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Ericsson
#865 Posted : Saturday, July 15, 2017 9:24:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
When the interest rates cap law is repealed or reviewed share price shouldn't be trading at less than 80.


The company will require ksh 40 billion to finalise nbk takeover.They will come asking the money from me and you in rights issue.Remember last year they had the same thoughts but shelved it after the scrip dividend and a 20 billion loan worked out the ratios.
If it reaches here,your price of 80 will still be far.We will be glad to buy at 28-32.


The take over haven't been confirmed and agreed up on.
The sh.40bn isn't one off but will be done in a couple of years of which to avoid rights issues and stressing shareholders KCB might decided to retain more of their earnings and keep dividend flat even as profit grows.
@ Ebenyo don't be so certain about rights issue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
winston
#866 Posted : Saturday, July 15, 2017 7:32:56 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
Still too many moving parts..too many ifs...too many vested parties who wouldnt want the takeover/merger...
Horton
#867 Posted : Tuesday, July 18, 2017 11:42:16 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Wondering if the KQ loans were written off as bad debts and if there is a deal with the airline come August 7, will these be written back into the books? Anyone with an idea?
Ericsson
#868 Posted : Tuesday, July 18, 2017 12:09:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
http://feaffa.com/magazi...amp;utm_campaign=buffer

KCB Insurance has positioned itself to play a significant role in the provision of marine insurance solutions to the Kenyan importers and exporters following a government directive that came into force early this year. The Treasury Cabinet Secretary, Mr Henry Rotich, in his 2016-17 budget speech directed full enforcement of Section 20 of the Insurance Act, which requires all importers to demonstrate procurement of marine insurance from local insurers before cargo clearance, a requirement that was often ignored.

KCB Insurance, the arm of KCB Group that offers insurance and risk management services to its customers since 2010 now hopes to tap more business from the over Kshs. 20 billion a year market the country has been ceding to foreign insurers in form of premiums.

The Bank, which is undoubtedly the leader in trade finance to importers in Kenya and the region- providing all-inclusive solutions that include lending to facilitate trade across international borders and securing insurance for all logistics needs see this latest move as a huge boost to the country’s insurance industry, economic growth in general and creation of new jobs.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#869 Posted : Tuesday, July 18, 2017 5:46:18 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
http://feaffa.com/magazine/2017/06/29/kcb-bancassurance-eyes-more-marine-insurance-business/?utm_content=buffer55852&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

KCB Insurance has positioned itself to play a significant role in the provision of marine insurance solutions to the Kenyan importers and exporters following a government directive that came into force early this year. The Treasury Cabinet Secretary, Mr Henry Rotich, in his 2016-17 budget speech directed full enforcement of Section 20 of the Insurance Act, which requires all importers to demonstrate procurement of marine insurance from local insurers before cargo clearance, a requirement that was often ignored.

KCB Insurance, the arm of KCB Group that offers insurance and risk management services to its customers since 2010 now hopes to tap more business from the over Kshs. 20 billion a year market the country has been ceding to foreign insurers in form of premiums.

The Bank, which is undoubtedly the leader in trade finance to importers in Kenya and the region- providing all-inclusive solutions that include lending to facilitate trade across international borders and securing insurance for all logistics needs see this latest move as a huge boost to the country’s insurance industry, economic growth in general and creation of new jobs.



the insurance sector is not so profitable going by the results of some companies their.The bank should concetrate to the acquisitions and expansions i.e somalia and mozambique instead.
Towards the goal of financial freedom
Ericsson
#870 Posted : Tuesday, July 18, 2017 6:29:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
http://feaffa.com/magazine/2017/06/29/kcb-bancassurance-eyes-more-marine-insurance-business/?utm_content=buffer55852&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

KCB Insurance has positioned itself to play a significant role in the provision of marine insurance solutions to the Kenyan importers and exporters following a government directive that came into force early this year. The Treasury Cabinet Secretary, Mr Henry Rotich, in his 2016-17 budget speech directed full enforcement of Section 20 of the Insurance Act, which requires all importers to demonstrate procurement of marine insurance from local insurers before cargo clearance, a requirement that was often ignored.

KCB Insurance, the arm of KCB Group that offers insurance and risk management services to its customers since 2010 now hopes to tap more business from the over Kshs. 20 billion a year market the country has been ceding to foreign insurers in form of premiums.

The Bank, which is undoubtedly the leader in trade finance to importers in Kenya and the region- providing all-inclusive solutions that include lending to facilitate trade across international borders and securing insurance for all logistics needs see this latest move as a huge boost to the country’s insurance industry, economic growth in general and creation of new jobs.



the insurance sector is not so profitable going by the results of some companies their.The bank should concetrate to the acquisitions and expansions i.e somalia and mozambique instead.


They are looking at doing insurance for their loan products in-house
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#871 Posted : Tuesday, July 18, 2017 6:31:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
@Ebenyo
Mozambique they should avoid at all costs.
Country is in financial turmoil and have defaulted again in repaying their eurobond

Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state "extremely limited" capacity to repay any money this year, the finance ministry said on Monday.

The repayment on the 2023 Eurobond - the disastrous $850 million 'tuna bond' - had been due on July 18

http://af.reuters.com/ar...ditiesNews/idAFL8N1K843D
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#872 Posted : Tuesday, July 18, 2017 7:11:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Ericsson wrote:
@Ebenyo
Mozambique they should avoid at all costs.
Country is in financial turmoil and have defaulted again in repaying their eurobond

Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state "extremely limited" capacity to repay any money this year, the finance ministry said on Monday.

The repayment on the 2023 Eurobond - the disastrous $850 million 'tuna bond' - had been due on July 18

http://af.reuters.com/ar...itiesNews/idAFL8N1K843D

When are Kenya's Eurobonds coming due?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
alotoftalk
#873 Posted : Tuesday, July 18, 2017 9:29:29 PM
Rank: Member


Joined: 8/27/2015
Posts: 138
Location: Harare
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt

Investment philosophy development in progress...
winston
#874 Posted : Tuesday, July 18, 2017 9:47:36 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
my 2cents. KCB is an agent...it carries no risk. it only earns commission. therefore the poor underwriting results will not directly affect it. As for marine premiums...too much ado about nothing. The passing of the law increased the volumes to be insured locally...but simultaneously the premium rates fell to such low levels that the impact is cancelled out.
Angelica _ann
#875 Posted : Tuesday, July 18, 2017 10:37:06 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
alotoftalk wrote:
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt



What capacity is diminishing yawa 2019 bado iko mbali #layman
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
alotoftalk
#876 Posted : Tuesday, July 18, 2017 11:16:31 PM
Rank: Member


Joined: 8/27/2015
Posts: 138
Location: Harare
Angelica _ann wrote:
alotoftalk wrote:
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt



What capacity is diminishing yawa 2019 bado iko mbali #layman


It's true. I am a layman.
Investment philosophy development in progress...
Horton
#877 Posted : Wednesday, July 19, 2017 7:27:30 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Angelica _ann
#878 Posted : Wednesday, July 19, 2017 10:18:25 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
alotoftalk wrote:
Angelica _ann wrote:
alotoftalk wrote:
5.875% due 24/06/2019; 6.875% due 24/06/2024, Total O/S $2.75B

Capacity to pay = diminishing (Debt to GDP ratio 55% from 49% at issue), Turkana oil pipe dream

Outlook = negative

https://www.bloomberg.co...-to-repay-existing-debt



What capacity is diminishing yawa 2019 bado iko mbali #layman


It's true. I am a layman.

Pole, I meant my reasoning is the layman smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ebenyo
#879 Posted : Wednesday, July 19, 2017 12:25:36 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
[quote=Ericsson]@Ebenyo
Mozambique they should avoid at all costs.
Country is in financial turmoil and have defaulted again in repaying their eurobond

Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state "extremely limited" capacity to repay any money this year, the finance ministry said on Monday.

The repayment on the 2023 Eurobond - the disastrous $850 million 'tuna bond' - had been due on July 18

http://af.reuters.com/ar...itiesNews/idAFL8N1K843D[/quote]

......... .........................

It seems the management took notice of it.The idea was talked about in 2015 and since then nothing has been forthcoming.Its okey if thats the situation in mozambique.Somalia will be ripe once al-shabaab threat is eliminated.
Towards the goal of financial freedom
tandich
#880 Posted : Wednesday, September 27, 2017 9:34:24 PM
Rank: Member


Joined: 5/6/2008
Posts: 199
https://twitter.com/Sang...atus/912926746332291072

I stumbled upon this on Twitter. I wonder what the effect of IFRS9 will be on KCB's numbers.
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