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Fun On 𝕏
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Fun On 𝕏
@FunOnXx
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Antarctica Katılım Ağustos 2023
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Fun On 𝕏 retweetledi
NCBA commences circulation of the the formal offer document from Nedbank contains the detailed terms and conditions of the Nedbank's offer, the circular from the board to NCBA shareholders and the circular prepared by Faida Investment Bank as the independent financial advisor appointed by NCBA.
NCBA confirms that the offer documentation has now been approved by CMA and circulated to NCBA shareholders.
Key dates:
1. Opening date: 28th, May, 2026 at 9:00am
2. Closing date: 10th, July, 2026 at 5:00pm
3. Results announcement: 21st, July, 2026
4. Settlement of Nedbank shares and dispatch of cash payment to NCBA shareholders: from 10th trading day after settlement date.
FRANKLIN@WaruhiuFranklin
NCBA confirmed that it has received an offer from Nedbank Group Limited to acquire 66% stake of NCBA (approximately 1.09B NCBA shares) from shareholders through a tender offer. The planned acquisition values NCBA at a multiple of 1.4x Book Value. Let's break down the transaction....🧵 Under the proposed payment structure, for every 100 NCBA shares, NCBA shareholders who participate in the tender offer will receive 20% of the consideration in cash (KES2100) and the remaining 80% in Nedbank ordinary shares (equivalent to 4.02994 Nedbank shares) listed on the Johannesburg Stock Exchange (JSE). The Nedbank shares shall be issued at a price of ZAR 250.00 per Nedbank share using a KES/ZAR spot exchange rate of 7.7143 implying value of KES98.72 per NCBA share. Using Nedbank’s current share price of approximately ZAR 273, the implied value of the stock-plus-cash consideration is about KES105 per NCBA share, which is above the implied offer price of KES98.72 per share. NCBA Shareholders who accept the offer and would receive less than 200 Nedbank Shares (equivalent to less than 5,000 NCBA shares) shall be paid full consideration in cash only. In such cases the payment per 100 NCBA shall be deemed to be KES 10,500 (equivalent to about KES105 per share). In addition to receiving the Offer consideration, NCBA Shareholders who accept the offer will receive the economic benefit of either an NCBA dividend or a Nedbank dividend relating to the same financial period, but not both. In FY' 2024, NCBA paid a total dividend of KES5.50 (equivalent to a 41.4% pay out) while Nedbank Group paid a total dividend of ZAR20.75 (equivalent to a 57% payout). If the transaction is completed Nedbank Group will acquire a 66% majority stake, NCBA will become a subsidiary of Nedbank with the remaining 34% of issued shares remaining listed on NSE. NCBA closed at 98.25 today. We expect the share price to rally to KES105 per share following the confirmation by NCBA that it has received an offer from Nedbank Group Limited to acquire a 66% stake in NCBA.
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Sometimes you have to burn the backup plan to fully commit to the main one.
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No amount of due diligence or proper paperwork can save you from land fraud in Kenya . No amount of knowledge of law or lawyers can save you . You keep your land because the vultures in power dnt want it for now . Poleni sana watu marurui you loved your land but he loved it more .
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Social media overtakes TV and radio as the primary news source for Kenyans; 27pc get their news from social media, TV at 25pc, radio at 19pc and print at 13pc, State of the Media Report 2025 shows
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Fun On 𝕏 retweetledi
Don't call in sick on Monday morning, They will know you you had a crazy weekend na ni hangover you are hiding. Report to mjengo on Monday, and on Wednesday or Thursday come in looking weak, Ensure you have countless runs to the toilet na ikiwezekana achilia few farts here and there.
Colleagues will advise you accordingly;
"...eei you dont look okay. You need to go get checked..."
That way, comfortably walk to HR, that you are not okay, akuachilie ama uachilie. Then comfortably start your weekend on Thursday to Sunday evening.
Friday ni kudrop tu some notice;
"Hi, this is to inform you that my doctor recommended a two day bed rest as I monitor my stomach. They suspect food poisoning because I have been celibate since the IT guy left..."
You can do this every 3 months, ukishikwa ni shauri yako.
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Fun On 𝕏 retweetledi
I am looking for an opportunity as a software engineer:
My tech stack is :
Node.js/Nestjs
Python
Javascript
TypeScript
tools:
docker
git/github
Backend:
Express
FastAPI
Ruby on Rails
Database:
PostgreSQL
MongoDB
Mysql
Other technologies:
Redis, TypeORM, Prisma, Next.js, React and Tailwind CSS
So If you are looking for a software engineer please DM me. 📞 +254727206415
Thank you for your attention !!
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Fun On 𝕏 retweetledi
ABSA, SCBK, COOP and NCBA are trading at ex-dividend today.
If you bought these stocks before the book closure on 30th April, you will qualify for dividends.
However, if you buy them on ex-dividend, you won't be eligible. The dividend will go to the previous shareholder.
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Fun On 𝕏 retweetledi
Fun On 𝕏 retweetledi
KRA wants 7 million only from Sawe.
Sebastian Sawe is the man. He has just obliterated the marathon world record.
He has made all of us and our glorious country Kenya proud.
But KRA is even more proud of him.
Sawe has won serious money.
But let's use the known prize of 48m shillings.
The question everyone is asking is this:
- Given that Sawe ran in the UK. He showed wazungus dust huko UK. The money was earned in the UK. Nothing in Kenya. Will KRA still tax Sawe?
The answer is OF COURSE YES!
Why?
• First, the UK will tax him. 20%. 9M shillings.
• Then KRA steps in. Why?
- Because Sawe lives in Eldoret. And Kenya taxes all worldwide income earned by people living in Kenya.
KRA will tax the full 48M. That's 16M shillings.
Then deduct the 9M tax paid in UK.
Then KRA pockets the balance of 7M only.
So even after running 42km, kuna 7M bado inamngoja.
Kenya's argument is:
- We gave Sawe training grounds
- Our good running genes
- Our flag
- Security asipigwe ngeta &
- Global platform to run
Sawe must return a hand to Kenya by paying taxes.
Is this fair?
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U already know what to do 😂😂😂
MNYIKA@Mnyika_1
My wife is suggesting we take a loan for the 3 celebrations during marriage for a kikuyu wife . She has given me alot of business ideas we want to start as soon as she gives birth . A suggestion that isn't easy for me but I won't argue is ; most of the business to be under her name. I love her tho
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Someone complained how they have over Kshs 2 million in a certain MMF that is giving only 6–7k a month. And they asked whether it is worth it?
It depends... True, the CBK has slashed interest rates, and inflation is a serious competitor to returns right now. But...🧵
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Saving money is hard.
Being broke is hard.
Being in debt is hard.
Being debt-free is hard.
Upgrading skills is hard.
Staying stuck is hard.
Pursuing dreams is hard.
Living with regret is hard.
Starting a business is hard.
Working a salaried job is hard.
Hard is normal.
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@Davewangari13 @cheruiyotkb You can invest the money in low hanging fruits like mmf.
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When I hit Sh 10M invested in competitive cash flow investments, I will be able to withdraw Sh 800K per year and never run out of money.
Assuming a worst-case scenario, 8% annual market returns will allow me live on Sh 66K per month.
To know how much you need invested by retirement, assume 8% annual returns from assets then multiply total annual costs by 12.5.
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Dividends to Watch:
• BAT: KES 60.00 (BC: 8 May)
• StanChart: KES 23.00 (BC: 30 Apr)
• Absa: KES 1.85 (BC: 30 Apr)
• Equity: KES 5.75 (BC: 22 May)
• NCBA: KES 4.00 (BC: 30 Apr)
• Car & General: KES 3.12 (BC: 24 June)
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Fun On 𝕏 retweetledi
Fun On 𝕏 retweetledi
True definition of ‘Cast your burdens unto Jesus’ 😂😂💔
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