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Financial year 2010 results estimates for banks
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dave.kim
#71 Posted : Wednesday, February 23, 2011 2:52:22 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
KCB aint re-acting appropriately like the other banks.sielewi!!
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Cde Monomotapa
#72 Posted : Wednesday, February 23, 2011 3:03:45 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
dave.kim wrote:
KCB aint re-acting appropriately like the other banks.sielewi!!

let's just chill for kesho..i knw there is a lot of skeptism around KCB the numbers will give a clearer picture. A dividend of 1.1 will be music to my ears.
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Gadaffi
#73 Posted : Thursday, February 24, 2011 1:31:26 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
Cde Monomotapa wrote:
dave.kim wrote:
KCB aint re-acting appropriately like the other banks.sielewi!!

let's just chill for kesho..i knw there is a lot of skeptism around KCB the numbers will give a clearer picture. A dividend of 1.1 will be music to my ears.

thats a long shot bt anyway lets wait n see
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Fyatu
#74 Posted : Thursday, February 24, 2011 4:15:25 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
When is CO-OP reporting???
Dumb money becomes dumb only when it listens to smart money
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erifloss
#75 Posted : Thursday, February 24, 2011 5:53:34 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
dave.kim wrote:
ProverB wrote:
[quote=erifloss]With pay outs that Cargen, EABL, BOC & now BBK have given, i have a feeling that some boards are now rethinking on their selling points. I'm loving it.


..mhmmmm... suddenly smelling the hand of NSE honchos... smile
is it possibly trying excite the market..by requesting boards to dilute shares with splits/bonuses? maybe..after all..i remember one Jimnah at some time past requesting illiquid expensive counters to split to encourage investing.. maybe something similar is afoot.. maybe.
nse was up jana..after a long while.. Think


Could be since the nse was rated as the seventh most expensive bourse in frontier markets ,leading foreign investors to choose other markets.
http://www.businessdaily...50/1112294/-/157a31i/-/[/quote]


My thoughts exactly! I think the 'big cats' are trying to shade a picture of a market that though rated as expensive in terms of p/e gives good returns in terms of div. yields and bonus issues. The end result capital retention with good returns though the fluctuation of our currency is causing a major setback on this front.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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  | | Edit by user: Thursday, February 24, 2011 5:55 PM | Reason: Not specified
VituVingiSana
#76 Posted : Thursday, February 24, 2011 11:29:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
DTB is expected to announce 100%+ PAT vs last year based on 3Q results.

Co-op should be 50%+ too...
StanChart is also very efficient...

Have the smaller banks started reporting?

Of course, this also means the banks are screwing us all around!

When my beloved Angel KK Angel makes billions in a tough fuel market, they get rimmed by Wazuans, GoK, wananchi... lakini why is it ok for banks? Sad{|= d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, February 24, 2011 11:33 PM | Reason: Not specified
Cde Monomotapa
#77 Posted : Friday, February 25, 2011 4:53:31 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964

@VVS..
Iza man abt KK. LOL.. Labda it is another case of Jesus n Barnabas! Lol! Moving on..if i were a foreign investor i'd still remain with NSE coz results speak for themselvse, LESS stringent exchange controls due to availabilty of forex in the economy and 3.NSE is a liquid and active exchange.
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  | | Edit by user: Friday, February 25, 2011 4:56 AM | Reason: Not specified
Muthawamunene
#78 Posted : Friday, February 25, 2011 5:49:44 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
i want coop to report uko end of march, by then i should've squeezed in some more at prevailing stock price. i've been looking at their 2009, 2010-Q1, Q2 &Q3 papers and they look promising. not as big as other bigger banks, but still good.
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Cde Monomotapa
#79 Posted : Friday, February 25, 2011 6:50:32 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Muthawamunene wrote:
i want coop to report uko end of march, by then i should've squeezed in some more at prevailing stock price. i've been looking at their 2009, 2010-Q1, Q2 &Q3 papers and they look promising. not as big as other bigger banks, but still good.

All the best young comrade. Wewe ndo utabuy nyama.
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mwanahisa
#80 Posted : Monday, March 07, 2011 12:31:46 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
mwanahisa wrote:
Wa_ithaka wrote:
I think its easy to see how 3/4 of the banks will perform.
Barclays-flat than a pancake or even a drop.
StanChart-will do okay, but note T-bill rates have been heading downward so it'll have to do some proper lending
Equity-juu juu. I understand Ug subsidiary is due to break even
KCB- snooze zone


@Wa-ithaka, I disagree with you on BBK. Its Cumulative Q3 2010 results actually showed an increase of 20.42% growth in PAT relative to Q3 2009. This compares with 28.38% for KCB and 17.03% for Stanchart. If anything Stanchart will be the laggard amongst this peer group.



So, as predicted SCBK has indeed turned out to be the dud amongst the big banks. I wonder if they have any intentions of going back to being a real bank rather than relying on earnings from Govt bills. At least the purchase of the custody business from BBK was a start, but the earnings from this are unlikely to be anything substantial.
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