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12 Pages«<7891011>»
KCB and NBK material announcement
obiero
#161 Posted : Saturday, July 13, 2019 4:15:15 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
@vvs ls this what you mean..
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
VituVingiSana
#162 Posted : Thursday, July 18, 2019 6:43:49 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
Treasury bars early access to pension money
https://www.nation.co.ke...8730-15cxsagz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#163 Posted : Thursday, July 18, 2019 8:09:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
[quote=VituVingiSana]Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html[/quote]

@vvs thanks for this
whiteowl
#164 Posted : Thursday, July 18, 2019 12:31:14 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,375
Location: Bohemian Grove
[quote=VituVingiSana]Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html[/quote]

Just after auditor general revealed that 67 billion pension money was paid to ghost workers.
Ericsson
#165 Posted : Thursday, July 18, 2019 1:32:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
whiteowl wrote:
[quote=VituVingiSana]Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html[/quote]

Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
VituVingiSana
#166 Posted : Thursday, July 18, 2019 5:14:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#167 Posted : Thursday, July 18, 2019 9:37:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,409
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.

Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
VituVingiSana
#168 Posted : Thursday, July 18, 2019 10:02:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.

Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?
Yes. Save this post and refer to it in 2029.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#169 Posted : Thursday, July 18, 2019 10:47:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.

Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?


This was for mostly the occupational pension scheme/company sponsored.
NSSF holds 20% of the entire retirement/pension schemes assets
VituVingiSana
#170 Posted : Thursday, July 18, 2019 11:09:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
Why Rotich locked up Sh385bn pension cash for workers below 50 years
https://www.businessdail...00464-uw8028/index.html

@Wazua Admin - Please transfer the "Pensions" thread/posts to its own thread so this goes back to KCB/NBK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tandich
#171 Posted : Wednesday, August 07, 2019 5:46:47 PM
Rank: Member


Joined: 5/6/2008
Posts: 165
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?
Ericsson
#172 Posted : Wednesday, August 07, 2019 7:41:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe
Horton
#173 Posted : Thursday, August 08, 2019 12:31:02 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).
Ericsson
#174 Posted : Thursday, August 08, 2019 7:43:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
Horton wrote:
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).

A plunge in the two share prices today
Ericsson
#175 Posted : Thursday, August 08, 2019 7:48:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
Horton wrote:
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).

Will the NBK preference shares converted to ordinary be available for trading at the NSE
Horton
#176 Posted : Thursday, August 08, 2019 9:12:42 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,486
Location: Nairobi
Ericsson wrote:
Horton wrote:
Ericsson wrote:
tandich wrote:
Kenya Lawmakers Block KCB Group From Taking Over National Bank

Quote:

Kenyan lawmakers halted KCB Group Ltd.’s bid to takeover National Bank of Kenya because the offer undervalues the state-controlled lender.

National Bank should consider raising capital through a rights issue instead of an acquisition valuing it at 6 billion shillings ($58 million), one third below an independent assessment, according to a statement from the National Assembly’s Finance and National Planning Committee


Who will subscribe?

KCB can subscribe



Nah I don’t think I as a shareholder care for NBK or its rights (or wrongs for that matter).

A plunge in the two share prices today


Plunge is a strong word. Maybe for NBK.

I hope KCB plunges too but doubt it
VituVingiSana
#177 Posted : Thursday, August 08, 2019 9:13:35 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,584
Location: Nairobi
Funny! https://twitter.com/Sang...1159342981662617600?s=20
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#178 Posted : Thursday, August 08, 2019 10:43:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
Heavy selling on KCB but bidders are quoting lower prices
mwekez@ji
#179 Posted : Friday, August 09, 2019 7:22:28 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,100
FUNKY
#180 Posted : Saturday, August 10, 2019 9:13:55 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,561
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