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Realist analysis of bank stocks.
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selah
#1 Posted : Thursday, March 17, 2011 1:58:44 PM
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Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Looking at the latest figures released by banks one might think they are impressive but they are not if you analyse the performance of the banking sector as a whole, you will realise most small capitalised banks Like Giro,Prime bank,bank of baronda outperfomed these listed and highly capitalised banks.

I think banks have become lazy thereby contributing very little to the growth of Kenya's economy.As CBK maintains the interest rate low these banks will be in trouble in the coming years if they dont get creative with their deposits.

'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana
#2 Posted : Thursday, March 17, 2011 2:10:25 PM
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Joined: 1/3/2007
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@selah - Most of the small banks have a low base to grow on/from so easier to grow profits but also look at the 'Other Income' line... That is probably unsustainable...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#3 Posted : Thursday, March 17, 2011 3:00:15 PM
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Joined: 3/24/2010
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Location: Black Africa
I beg to differ. Those results were impressive.Kwanza KCB...
GOD BLESS YOUR LIFE
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selah
#4 Posted : Thursday, March 17, 2011 3:23:42 PM
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A bank like NIC or DTB can be said to have performed exeptionally well but KCB,COOP,NBK, these are companies that grew bcoz of the crowd(sector)but not because of their individual strategies or efforts.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana
#5 Posted : Thursday, March 17, 2011 5:22:18 PM
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“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well”: Warren Buffett
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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selah
#6 Posted : Thursday, March 17, 2011 5:25:46 PM
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Joined: 10/13/2009
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Location: in kenya
VituVingiSana wrote:
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well”: Warren Buffett


Learnt that the hard way.Applause
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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VituVingiSana
#7 Posted : Thursday, March 17, 2011 5:48:33 PM
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Location: Nairobi
selah wrote:
VituVingiSana wrote:
“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well”: Warren Buffett


Learnt that the hard way.Applause
I am a HUGE fan of WB. I am reading a book on this methods as we speak. Also read his 2010 Annual Shareholder Letter posted online.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ngapat
#8 Posted : Thursday, March 17, 2011 7:32:18 PM
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Joined: 12/11/2006
Posts: 900
I am a HUGE fan of WB. I am reading a book on this methods as we speak. Also read his 2010 Annual Shareholder Letter posted online.
[/quote]

link to the book please
“Invest in yourself. Your career is the engine of your wealth.”
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For Sport
#9 Posted : Thursday, March 17, 2011 8:38:42 PM
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Joined: 12/23/2010
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I also read somewhere (investopedia to be precise) that he avoids stocks of companies which "rely solely on a single commodity such as oil and gas". (bold ni yangu)
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VituVingiSana
#10 Posted : Friday, March 18, 2011 6:40:45 AM
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Joined: 1/3/2007
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@ngapat - Erm, what do you mean 'link to the book'? It is a hardcover - Dear Mr. Buffett by Tavakoli

@forSport - Wacha uwongo. He owns See's Candies that sells SOLELY sweets & chocolates
BVD - Makes cars
ChinaPetro - Do I need to tell you what they do?
Coca-Cola - What is this firm's main business?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#11 Posted : Friday, March 18, 2011 7:32:00 AM
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@Selah..what low interest? CBR? Please...CBK is in itself selling a 12.5% 30yr bond.
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Cde Monomotapa
#12 Posted : Friday, March 18, 2011 8:23:09 AM
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@Selah..what low interest? CBR? Please...CBK is in itself selling a 12.5% 30yr bond.
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