Wazua
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CFC-Stanbic 2009
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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This stock is getting press here in Southern Africa...I think fund managers here are looking at it...
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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I don't see what fund managers would want with this bank. What were the grow areas for the half year? Net interest income or non interest income. They're undercapitalized! All they're doing is charging high fees and removing once good accounts that made CFC Group attractive in the first place (ive banked with them for a while and preparing to leave). This year's performance is just smoke and mirriors. Everything is changing so fast that you can't know the true position of the bank. One balance sheet says something and other few months it's changed. I have been a shareholder for many years, but not impressed and I don't see why a fund manager would look at it now. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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I&M Bank has 17 branches in Kenya (most in Nairobi) yet makes more profits than CFCStanbic! DTBK & NIC Bank are far more profitable than CFCStanbic with a much smaller asset base! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:I&M Bank has 17 branches in Kenya (most in Nairobi) yet makes more profits than CFCStanbic!
DTBK & NIC Bank are far more profitable than CFCStanbic with a much smaller asset base! @vvs this may change in a couple of years. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:I&M Bank has 17 branches in Kenya (most in Nairobi) yet makes more profits than CFCStanbic!
DTBK & NIC Bank are far more profitable than CFCStanbic with a much smaller asset base! @vvs this may change in a couple of years. Well, true but I doubt the 3 banks will be doing nothing while CFCStanbic expands... I&M, & NIC bought banks in Tanzania in 2009/2010... DTBK has subsidiaries in Tz & Ug - In Rwanda/Burundi as well... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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What is the book closure date for the dividend in specie/cash dividend? Life is short. Live passionately.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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...now, about that special cash dividend. you won't get it! It will be applied towards payment of stamp duty and withholding tax for the transaction. So, unless you are exempted, forget the cash! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mukiha wrote:...now, about that special cash dividend. you won't get it! It will be applied towards payment of stamp duty and withholding tax for the transaction.
So, unless you are exempted, forget the cash! @mukiha as i understand it, the cash dividend will be applied to pay stamp duty and wht "where applicable" i don't see how stamp duty and wht will consume all of my 700 bob dividend, supposing i have 1,000 shares and am resident. Life is short. Live passionately.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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A bad day fishing is better than a good day at work
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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sparkly wrote:mukiha wrote:...now, about that special cash dividend. you won't get it! It will be applied towards payment of stamp duty and withholding tax for the transaction.
So, unless you are exempted, forget the cash! @mukiha as i understand it, the cash dividend will be applied to pay stamp duty and wht "where applicable" i don't see how stamp duty and wht will consume all of my 700 bob dividend, supposing i have 1,000 shares and am resident. when are they paying the dividends?
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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Bure Kabisa - Have you seen DTBK results??? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/26/2008 Posts: 380
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8.67% up today?
anyone with insights?
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Just because of a few exciting trades at the open? Look at the supply below 94 at the moment,it will close lower.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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VituVingiSana wrote:Bure Kabisa - Have you seen DTBK results??? Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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mukiha wrote:VituVingiSana wrote:Bure Kabisa - Have you seen DTBK results??? Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!! Over the past 2 years (since Stanbic took over CFC)... CFCStanbic has DESTROYED value for minority shareholders! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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VituVingiSana wrote:mukiha wrote:VituVingiSana wrote:Bure Kabisa - Have you seen DTBK results??? Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!! Over the past 2 years (since Stanbic took over CFC)... CFCStanbic has DESTROYED value for minority shareholders! It was a challenging takeover of a supermarket that was selling from bicycles, to mbogas. That is why they have figured out split of business. I think minority shareholders who chose to stic with stabnic will benefit
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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PKoli wrote:VituVingiSana wrote:mukiha wrote:VituVingiSana wrote:Bure Kabisa - Have you seen DTBK results??? Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!! Over the past 2 years (since Stanbic took over CFC)... CFCStanbic has DESTROYED value for minority shareholders! It was a challenging takeover of a supermarket that was selling from bicycles, to mbogas. That is why they have figured out split of business. I think minority shareholders who chose to stic with stabnic will benefit Lucky I did not have many CFC shares coz my DTBK have doubled in value in the same time! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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CFC-Stanbic 2009
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