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dyer and blair
Rank: Elder Joined: 11/7/2007 Posts: 2,182
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this investment bank makes a 123 million loss for the half year!!! my guy half year!! what will it post for a full year. isnt time people shifted or..... what is your take? hasta la vista LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Who are the auditors? Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 10/11/2008 Posts: 134
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That is frightening,if you've got shares there brace for the worst,cause share holders are the last to be paid if the bank goes under
Jay
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Rank: Member Joined: 6/4/2007 Posts: 35
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I have a question. Say D and B collapses. Are my share safe? I think my shares 'should' be safe. Since I get my statement from CDSC,that means my shares are intact. The only way the shares or money can go is:
1. D&B sells my shares without my authorization and then they pocket the money and then collapse
2. I deposit money with D & B with the intention of buying shares and they pocket the money instead,then they collapse.
3. I sell my shares,and instead of promptly issuing a check to me,they pocket the money and then they collapse.
Please correct me if I am wrong.
I also heard they is a way of writing to the CMA and telling them to freeze your accounts whereby no one can sell your shares without authroziation.
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Rank: Member Joined: 3/17/2008 Posts: 567 Location: Nairobi
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@ Mwana
You can also lose if you sell your shares,they delay giving you your cheque and it colapses before you get your cash. Nothing to do with them pocketing anything.
Want to be a millionaire.... plant a million cabbages and sell them at a bob...
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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i am neither a shareholder of d & b nor an employee but i feel this thread is doing some injustices to them.... kindly remember there are three option in any business venture... 1) to make profits... 2) to break even... 3) to make losses... d & b only made loss like most of other companies and that is within business limits... as much as you are trying to assess the magnitude of their losses... the criticism is undue and it can result into investors panic... you've heard me.. When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Elder Joined: 5/26/2009 Posts: 1,793
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@ mwana.........you are right....if any broker goes under your shares are safe unless you are a shareholder of that specific brokerage company,or had cash in your a/c,of which you wait for assets liquidation to be compensated after settlement of liabilities. However if you're a kengen shareholder,and your broker goes under,kengen records will continue to reflect that you own shares in the company and can transfer the shares to another broker.......... e.g. In a case study of Nyaga stockbrokers,investors didn't loose their shares,they transferred to other stockbrokers. what was lost is any cash balances if any in their accounts which might be compensated though not fully.........I was a nyagah member,transferred to cfc. don't expect anyone to act like your favourite grandmother in wanting what's best for you.
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Rank: Member Joined: 2/1/2007 Posts: 112 Location: Nairobi
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I see no need to panic because d&b are not nyaga stockbrokers to sell your shares without authority. Second,it appears all investment banks and stockbrokers are going to report loses for this period. I moved from suntra in the beginning of this year to cfc but should i start moving again because they reported losses? I dont think so. If you are still excited from yesterday's achievements,then today you have not achieved anything. It's amazing what you can achieve when you get rid of fear.
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Rank: Member Joined: 9/15/2006 Posts: 41
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Havent seen the results yet but for a kenyan investment bank company to make that kind of loss is scary- how long will it take to consume all the reserve and capital. that is assuming loss was mainly due to reduction in commission revenue- means if things/market dont turn up -and they have little control on this,while costs remain constant - how long will they survive. I think all of them should embark on massive reduction of expenses
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Rank: Veteran Joined: 11/4/2008 Posts: 1,289 Location: Nairobi
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One should note that this instituitons are also traders. They have a line item of unrealised losses. That means that they have taken positions in te stock market and the value of their holdings has gone down. Most investors including investment banks have unrealised losses as they have not sold their holdings. Once the market improves,all this will change. The total assets is what counts.
Baada ya dhiki,faaraja
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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besides points @fundamentali,its worthy appreciating that the invest. banks are also operating in equally or more harsh environment just like any other companies and if the majority of them are reporting reduced profits why do you expect the invest. banks to make profits? While it is wise to assess their performance as an investor we should be more concerned with the integrity of them.. you've heard me.. When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Member Joined: 5/22/2008 Posts: 12
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I think total assets is what counts,they seem to be the most heavily capitalised IB even larger then some small banks i know.
And in the current harsh environment what did you expect,all the others made loosses propotional to their size. DB made profits of over three hundred million the year before so it should be expected that their losses would be large. (And i am suspicious of the results of some of these brokers)
They are also the only broker who made an income from other sources of over 37 million they have diversified and have a very long list of accomplishments this year. Such as the Stanbic Uganda Bond,the Kigali Bond,the TZ CRDB bank IPO and other advisory work.
I have my CDS a/c with them and i dont think i moving anytime soon
Make the money
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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D&B like many others has majorly cooked its numbers.The unrealised loss should be a lot higher unless it was unable to accurately value its equities. I'll await the audited numbers at year-end. www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 8/31/2009 Posts: 5
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D & B has been in the investment sector for more years and the founder member of the NSE. As we all know that experience is the best teacher.
Besides there is the G F C affecting the whole world. Yes it has made a loss but have you tried to find what good efforts it has done to help it?
Please as an investor be more informed,do not listen to the news and think it is sufficient find out more.
babadila
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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@mainat...spot on...they shouldnt sh1t where they eat. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Beyond auditing the numbers,CMA must also urgently come up with reporting proforma that all the brokers have to use. This will avoid the situation where some like AIB (v suspicious numbers) has lumped all its income into one number instead of showing stuff like how much brokerage comm it made,how much profit it made from investments etc. Finally for the ibs,I think they have to do what Centum does i.e. list out all its holding in shares and the price it bought them at. That way,we'll be able to tell when an investment bank is manipulating a shareprice by either selling or buying in huge amounts. www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 5/13/2009 Posts: 35
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@ mainat ...i concur. The only place where dreams are impossible is your mind
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Rank: Member Joined: 5/13/2009 Posts: 35
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but again looking at it from another perspective,these brokers/IB have traditionally been too risk loving in that they only have engaged in one line of business forgetting what they have always advised investors ....diversifying their portfolios ...its the high time this segment of financial intermediation becomes more innovative and thinks of other avenues of generating revenue to spread risk and supplement the existing ones..... The only place where dreams are impossible is your mind
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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It is the duty of an investor to develop a sixth sense....to read between the lines.Lehman bros went down with a credit rating A....be very careful The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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muki- i don't deal in rumours. for D&B,have a look at its unreleased gains/losses and compare to shares in the balance sheet. For Rencap,made Ksh882m profit in H1 of 2008,this half nothing not even any investments in shares. And what does this proforma look like,I've just gone thru CMA's regulations and there is no proforma in there? Ama,you arethe type who believe everything you read in the newspapers? Sehemu ndio nyumba
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dyer and blair
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