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12 Pages«<101112
KCB 2018 and Beyond
Ericsson
#221 Posted : Wednesday, April 10, 2019 11:45:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,380
Location: NAIROBI
Ebenyo wrote:
VituVingiSana wrote:
[quote=Ericsson][quote=VituVingiSana][quote=itz][quote=Ericsson]The Central Bank of Kenya, alongside Kenya Deposit Insurance Corporation have agreed to KCB’s offer to take over five branches of Imperial Bank. According to a joint statement by CBK and the deposit insurance corporation, KCB’s offer “….represents a viable proposal for the further resolution of Imperial Bank Limited, for the benefit of depositors and the strengthening of the Kenyan financial sector.”

Following the acceptance, Imperial bank customers will recover 19.7 per cent of the remaining deposit balances still held by the collapsed bank. As of December 2018, Imperial Bank customers had recovered approximately 35 percent of the amount of deposits held by the bank at the time of receivership.

The outstanding customer deposits will be availed at intervals of one year. 12.5 percent of the balances will be released at the signing of the takeover agreement. A similar amount will be released during the first anniversary of the agreement. The remaining 75 percent of funds will be paid out in portions of 25 percent for the next three consecutive years.

KCB’s takeover deal does not include an estimated KSh36 billion of the loans held by Imperial bank clients. CBK and KDIC will help recover the funds which are still held by borrowers in an effort to protect the interest of Imperial bank depositors and creditors.

At the time of collapse, Imperial Bank had 27 branches spread out through the East African region. Kenya’s largest bank, KCB group, has acquired five of its branches. The Central Bank and the Deposit Insurance Institution will continue the search for suitable investors for the remaining 22 branches of the recovering bank.


KCB should have taken the whole 27 branches to maximize potential gains.


There is something called due diligence and acquiring viable branches
Ericsson
#222 Posted : Tuesday, April 23, 2019 11:31:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,380
Location: NAIROBI
Local institutional investors have bought an additional 361.7 million shares in KCB group

pushing their stake to top spot and relegating foreign investors to third position.

Details of shareholding profile up to March 2019 show that local institutional investors now hold 986.29 million units, an equivalent of 32.17 percent stake.

This makes them the highest shareholders in KCB, followed by local individual investors at 27.44 percent, while foreigners now come third.

The combined stake of local individual and institutional investors is now at 1.82 billion shares or 59.61 percent, up from 47.58 percent at the end of December 2017. Additional 532 local investors bought KCB shares with 415 being individual and 117 institutional.

Foreign investors, who were the highest shareholders in KCB at the end of 2017 now control a 22.86 percent stake in the Kenya’s largest bank by assets.

Between December 2017 and March 2019, some 19 foreign investors got rid of KCB shares, cutting their number to 660 with 701 million shares. This is unlike in 2017 when they had 896.78 million shares with a stake of 29.25 percent.

National Treasury has maintained its stake of 537.38 million shares, equivalent to 17.53 percent stake as it was in 2017. However, National Social Security Fund bought 14.63 million additional shares, raising its stake to 6.12 percent from 5.64 percent.

https://www.businessdail...82898-wlltq7/index.html
Ericsson
#223 Posted : Wednesday, April 24, 2019 11:59:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,380
Location: NAIROBI
KCB CEO Joshua Oigara says he expects the Group to hit an asset base of ksh.1 trillion in the next 1 to 1.5 years
young
#224 Posted : Thursday, April 25, 2019 12:06:03 AM
Rank: Elder


Joined: 6/20/2007
Posts: 1,836
Location: Lagos, Nigeria
Ericsson wrote:
KCB CEO Joshua Oigara says he expects the Group to hit an asset base of ksh.1 trillion in the next 1 to 1.5 years


When will KCB hit 60 Bob ?
That is what majority of investors are looking up to.

Being long awaited for 3 years running as per analyst projections(Cytonn inclusive). Even 50 Bob is a far cry .

For me the only attractive thing is her
generous dividend policy of paying out
50% PAT as dividends .

Besides the policy of paying both interim and final dividends is salutary .
It facilitates good cash flow. By June we will pocket 2.50 Bob per share and by November likely 1 Bob per share (both gross)

Otherwise Equity Bank fundamentals is better
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Ericsson
#225 Posted : Thursday, April 25, 2019 2:17:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,380
Location: NAIROBI
young wrote:
Ericsson wrote:
KCB CEO Joshua Oigara says he expects the Group to hit an asset base of ksh.1 trillion in the next 1 to 1.5 years


When will KCB hit 60 Bob ?
That is what majority of investors are looking up to.
Market is too bearish to allow that.The P/E is currently at 5.6

Being long awaited for 3 years running as per analyst projections(Cytonn inclusive). Even 50 Bob is a far cry .

For me the only attractive thing is her
generous dividend policy of paying out
50% PAT as dividends .

Besides the policy of paying both interim and final dividends is salutary .
It facilitates good cash flow. By June we will pocket 2.50 Bob per share and by November likely 1 Bob per share (both gross)

Otherwise Equity Bank fundamentals is better

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