NBK has released its 3Q results showing excellent liquidity. I need input on this bank but I fear if I buy into it, the pending squabbles between NSSF and the government might come to the fore.

Anyone out there with an idea of when and how restructuring of the bank would be done.

Am not happy with the way KPLC is being restructured. If a restructuring is not clear cut and open to the simplest investor, it always boils down to the retail investor being swindled.

Kenya Government has not been one of the best for so long I don't trust it with my piped water.

If the government screwed up KPLC upto 2002, then bailed it out, whose error was it, shareholders of KPLC or government appointees into KPLC? So, why is the government demanding conversion of its Pref shares into Ordinary at the rate of 1:1 instead of selling the pref shares to Ordinally shareholders in the open market and let market discovery take place? Just a thought.

Will NBK be subjected to a similar castration as KPLC is being taken through?

@surealligator - I am with you 100%

Surealligator,

I think people will maybe start talking about NBK when they keep their promise and start paying dividends at the end of this financial year.

The restructuring of NBK's share capital is meant to happen in the current fiscal year for the government (i.e. before 30 June 2011). Atwoli & Co (NSSF) will really mess it up for them big time...

For KPLC, the excuse the government is giving for the conversion is to reduce the amount of debt in the company - which is putting off many borrowers from funding the company.

But if you read between the lines, what the government is really aiming for is to be in a position to control the company as and when they wish to do so.

NBK is a joke... If anyone thinks KPLC 's restructuring (which i don't agree with) was bad then just wait for NBK's...

You will understand the true definition of dilution...

I have learned to avoid company's sorrounded by un-certain clouds.