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Anticipation of KCB Q1 results 2011
Impunity
#121 Posted : Thursday, April 28, 2011 10:39:41 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
ROAAAARRRRRRRRRRRRRRRRRR to 25.75.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

youcan'tstopusnow
#122 Posted : Thursday, April 28, 2011 10:46:44 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
1.1 million bid at 25.5
Hizi results wanarelease at what time? Ama they are waiting till the market closes?
GOD BLESS YOUR LIFE
Impunity
#123 Posted : Thursday, April 28, 2011 10:48:32 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
ROAAAARRRRRRRRRRRRRRRRRR to 25.75.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

youcan'tstopusnow
#124 Posted : Thursday, April 28, 2011 11:03:46 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde, that 1 million on offer at 26 you were talking about being block traded imeisha. Yote! How fast?!
GOD BLESS YOUR LIFE
the deal
#125 Posted : Thursday, April 28, 2011 12:32:36 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
If it regains 26.25 a break out is on the chats...let it ROOOOOOAAAAARRRRR....!!!
Cde Monomotapa
#126 Posted : Thursday, April 28, 2011 12:40:21 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde, that 1 million on offer at 26 you were talking about being block traded imeisha. Yote! How fast?!

There are good days & bad days in this business. Leo ni siku njema, LOARRR!!
PKoli
#127 Posted : Thursday, April 28, 2011 1:16:52 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
the deal wrote:
If it regains 26.25 a break out is on the chats...let it ROOOOOOAAAAARRRRR....!!!


There is some demand that has come in for KCB, I am not sure if it going to be sustained!
holycow
#128 Posted : Thursday, April 28, 2011 1:17:40 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
KCB has released Q1 according to rich.co.ke and CFC activelite. Not seen it though.
Sober
#129 Posted : Thursday, April 28, 2011 1:19:44 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
holycow wrote:
KCB has released Q1 according to rich.co.ke, .Not seen it though.


anyone with the digits?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
PKoli
#130 Posted : Thursday, April 28, 2011 1:42:35 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Sober wrote:
holycow wrote:
KCB has released Q1 according to rich.co.ke, .Not seen it though.


anyone with the digits?


The group has finally broken even. Q1 results for the group PAT 1.77 billion and the bank 1.644 b.
Barrywhite
#131 Posted : Thursday, April 28, 2011 1:57:48 PM
Rank: Member


Joined: 12/2/2009
Posts: 286
Location: Nairobi
Kenya Commercial Bank Group announced a remarkable Profit before Tax of Kshs.2.51 billion for the three month period ended 31 March 2011 compared to Kshs.1.90 billion recorded during the same period in 2010, a commendable growth of 32%.

Key financial highlights include:-

 Total customer deposits increased to Kshs.209 billion compared to Kshs.185 billion in March 2010, an impressive growth of Kshs.24 billion representing 13%.

 The loan portfolio (net) increased by 23% from Kshs.125.9 billion in 2010 to Kshs.155 billion in 2011.

 Total assets increased by a significant 23% to Kshs.270.9 billion compared to Kshs.220.7 billion registered in the same period in 2010.

 Net profit increased from Kshs1.332 billion in 2010 to Kshs1.774 billion in 2011, representing a growth of over 33%

 On the account of increased lending, Net Interest income increased by 32% to Kshs.5.111 billion from Kshs.3.873 billion recorded in 2010.

 Non-funded income increased to Kshs.2.8 billion in 2011 compared to Kshs.2.6 billion in 2010 representing a 7% growth, mainly from fees and commissions and it constituted 35% of the total revenue.

The laudable is more often than not rendered laughable by overclaim
ecstacy
#132 Posted : Thursday, April 28, 2011 1:59:14 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
KCB 2011 Q1 Highlights

• Profit before Tax = Kshs.2.51 billion - growth of 32%.
• Total customer deposits up 13%.
• The loan portfolio (net) increased by 23%
• Net profit increased from Kshs1.332 billion in 2010 to Kshs1.774 billion in 2011 representing growth of over 33%.
• On the account of increased lending, Net Interest income up 32% to Kshs.5.111 billion from Kshs.3.873 billion recorded in 2010.
• Non-funded income increased to Kshs.2.8 billion in 2011 up 7%, mainly from fees and commissions and it constituted 35% of the total revenue.
the deal
#133 Posted : Thursday, April 28, 2011 2:07:28 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Good numbers from KCB but but again like i said here before Coop will be outlier this year...i'm looking at the numbers...full analysis later on my blog..
holycow
#134 Posted : Thursday, April 28, 2011 2:12:11 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
guru267 wrote:
QW25071985 wrote:
youcan'tstopusnow wrote:
guru267 wrote:
QW25071985 wrote:
Basically the profit is single digit but certainly and improvement from the last based on its on going price action ( factorin in if u wanna call it that way)

If you are talking about KCB can we place a wazua sanctioned OFFICIAL BET on it

He has problems with those


@ guru267 .THE BET IS ON !!!!!!!!!!!

just for clarity .rules of the bet

i am saying profit is SINGLE DIGIT i.e 0-9 and you are sayin profit is double digit i.e from 10 - upwards.

Okay since that is out of the way.if i win you are comin over to my crib ...Laughing out loudly Laughing out loudly . we dnt know what might transpire . if you win your wish is my command...simple...
S
So its official..
So its offiicial...
Guru267: double digit growth
Qw: single digit.
I cant wait to make you my BITCH..


Now where is the QW chap to eat humble pie.
Aguytrying
#135 Posted : Thursday, April 28, 2011 2:15:40 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
32% increase in PBT. where's QW? better bite hard on that mouth guard, gonna get whipped by guru. I think you should gracefully bow out of wazua.
The investor's chief problem - and even his worst enemy - is likely to be himself
ecstacy
#136 Posted : Thursday, April 28, 2011 2:33:05 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
@QW, after AK now this?? Lol! just chill bruv.
SAC Cohen
#137 Posted : Thursday, April 28, 2011 2:52:34 PM
Rank: Member


Joined: 1/3/2011
Posts: 129
Location: Nairobi
KCB Q1 profit up 32% to 2.5Billion on prudent cost managemeent and growth in revenue.

Link to be uploaded in a few... with more info.
Impunity
#138 Posted : Thursday, April 28, 2011 2:56:27 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
SAC Cohen wrote:
KCB Q1 profit up 32% to 2.5Billion on prudent cost managemeent and growth in revenue.

Link to be uploaded in a few... with more info.


Will the share price touch the psychological 30 before books closure of 9-May?
Pray
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

youcan'tstopusnow
#139 Posted : Thursday, April 28, 2011 3:33:43 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
guru, your 30-40 percent target was spot on. I may have been too optimistic. deal, Equity = Fat Lady. She hasn't sang yet.
GOD BLESS YOUR LIFE
erifloss
#140 Posted : Thursday, April 28, 2011 3:54:57 PM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
32% growth is a good performance. Q2 is when we'll know the Chief executive paid his worth. With equity i'm 50-50 on their expected performance as they held a substantial amount of repo bills and i'm hoping that some were disposed before the interest rate hikes as we had enough time to be ready for the hikes when fuel prices shot up & kes weakened.
'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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