Rank: Elder Joined: 12/7/2012 Posts: 11,901
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hisah wrote:Tomorrow is FY news day. Did I see a bull trap   In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Angelica _ann wrote:hisah wrote:Tomorrow is FY news day. Did I see a bull trap Lack of consistency makes this counter unpredictable. But it's more obvious for a not so good news! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Angelica _ann wrote:[quote=hisah]Tomorrow is FY news day. Did I see a bull trap i will dig through the financial report to ascertain the true financial health of this "thetamu". Towards the goal of financial freedom
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Spikes wrote:Angelica _ann wrote:hisah wrote:Tomorrow is FY news day. Did I see a bull trap Lack of consistency makes this counter unpredictable. But it's more obvious for a not so good news!  Wait for a very positive surprise gents/ladies. Everything is under lid Maybe @2 Bob dividends and most likely increase trading shares with a 1 for 10 bonus to increase liquidity
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Hopefully there is some good news to sell Foresight..
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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1.1m shares traded on Friday. Seems like a big buyer.
If this trend continues we may have an uptick ladies and gents
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Sidian Bank is dead. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:Sidian Bank is dead. Meaning?
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:Sidian Bank is dead. Meaning? Bank is bleeding money/into serious loss making Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:Sidian Bank is dead. Meaning? Bank is bleeding money/into serious loss making Bad timing for Centum which bought into Sidian not long ago. Tier 3 banks will have a tough time under the Interest Capping regime. The loss to Centum may be quantifiable i.e. loss of equity but there is "reputation risk" though there may be a partial value for the license. SBM bought Fidelity. There are bidders for NBK, Chase, etc. 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: 10,639 Location: NAIROBI
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KRA rejecting bankers Cheques from Sidian Bank. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:KRA rejecting bankers Cheques from Sidian Bank. No way.. Banker's cheques are drawn against confirmed cash holding
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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obiero wrote:Ericsson wrote:KRA rejecting bankers Cheques from Sidian Bank. No way.. Banker's cheques are drawn against confirmed cash holding Heh heh heh In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/22/2008 Posts: 2,696
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obiero wrote:Ericsson wrote:KRA rejecting bankers Cheques from Sidian Bank. No way.. Banker's cheques are drawn against confirmed cash holding Somebody please tell this is not true or that the rumor has not spread too far because even if it is not true and the rumor spreads far it will trigger a run of withdrawals and for a small bank like Sidian I do not think it can last one hour when everyone wants their money back.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Kusadikika wrote:obiero wrote:Ericsson wrote:KRA rejecting bankers Cheques from Sidian Bank. No way.. Banker's cheques are drawn against confirmed cash holding Somebody please tell this is not true or that the rumor has not spread too far because even if it is not true and the rumor spreads far it will trigger a run of withdrawals and for a small bank like Sidian I do not think it can last one hour when everyone wants their money back. The bank is struggling but banker's cheques in this country can simply not be unpaid, unless they are fraudulent
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Are they paying suppliers ama nikunakumatt style
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:Sidian Bank is dead. Meaning? Bank is bleeding money/into serious loss making Bad timing for Centum which bought into Sidian not long ago. Tier 3 banks will have a tough time under the Interest Capping regime. The loss to Centum may be quantifiable i.e. loss of equity but there is "reputation risk" though there may be a partial value for the license. SBM bought Fidelity. There are bidders for NBK, Chase, etc. Centum can spin off sidian at a loses and never look back over its shoulders. Who is doubting that? @vvs! No no no!  ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Ericsson wrote:Sidian Bank is dead. Reminds me of my thinking from April 2016: alotoftalk wrote:Sidian maybe Centum's waterloo if they don't get a strategic partner to partner with them. They'll require to pump more capital every year to support any ambitions they have to grow the former K-Rep to a tier-two bank. This will either mean they have to raise more funds by exiting their current holdings or a cash call in the near future at a time when banking returns are not as rosy as they have been the past 10 years.
Unless the strategy here is to make it M&A attractive and get a bigger bank to buy them out. Let's see if they'll mark its value down in the H1 or maintain a lofty valuation in their books. Chances are they're already shopping for a buyer. Any of those banks which were lining up to buy Chase Bank may receive a call with an alternative proposition. Investment philosophy development in progress...
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