Bank analysts, please analyse this one for me

http://www.reuters.com/a...c-idUSLDE72K01820110321

thanks

@ Madebe....whats the dividend to be paid?...Kshs 0.804 or Kshs 2.38?.
...Na hiyo insurance arm itakuwa kama how much hivi in the market?

@ Madebe...thanks for the reply....that means a dividend of 0.804 and a share worth about 5 bob that gives a total of 5.8Kshs...not bad at all. Hopin they will hasten the spinning wheels...

@moneydust: the only explanation has to do with weighting. i assume the group has a lower percentage of the bank and a higher % of the insurance. but dont take that as a gospel truth. more details will come in annual report

@Madebe, the bank is owned almost fully by CFC Stanbic Holdings. The latest information that I have is that the bank has about 122 million shares in issue. On the other hand CFC Stanbic Holdings has almost 274 million shares issued.

The higher EPS in the bank does not therefore mean an equivalent EPS to you as a shareholder of CFC Stanbic Holdings after the demerger as you have to share out the bank's earnings over a higher number of shares.

In my view Kshs 78 is way too high to pay for the group as this PE still compares unfavourably with other financials when you also consider other factors such as growth etc. Guys who buy at these prices may get roasted when the full picture emerges.

i have the results on my email........sijui kupost kwa wazua

Please email to trisha_mugerwa@yahoo.com
thanks

Ukipata acknowledge hapa pliz

[quote=trizher]......try this link....

http://attachments.wetpa...qzY-UaaFcxIqZkb7g258396[/quote]

ASANTE

v Total operating income up by 35% to KShs.12 Bn.

v Staff costs up by 51% due to additional head count for expansion and new product support.

v Non interest revenue increased by KShs.2.9 Bn mainly driven by enhanced trading volumes and higher investment income.

v Profit before tax rose by 271% to KShs. 2.6 Billion.

v Profit after-tax grew to KShs. 1.8 Billion from 36 Million in 2009, 4,875 % increment.

v Basic and diluted earnings per share hit Kshs.5.86 up from KShs.(0.22) recorded in 2009.

v The directors recommended a final dividend per share of KSh.0.804 for 2010.The dividend will be paid on or after 25 May 2011 to the shareholders on the Register of Members at the close of business on 19 May,2011,the Books closure date.

v The group’s total asset base stands at 140 Billion KShs,10% improvement..

v Shareholder funds grew by 12% to KSh.22 Bn.