BBK...the investment for senior citizens...

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11.54% is pitiful, the future does not look bright, BBK brand is no longer that classic as it was in the 90s, the home boys, Equity, KCB and Coop will run in the future just like UBA and Ecobank in west africa

[quote=the deal]Barclays Bank Kenya 1Q 2011 Earnings Analysis

Commentary
Like i anticipated there is a strong divergence between the perfomance of BBK compared to the perfomance of local banks such as Equity Bank, Diamond Trust Bank and Coop Bank, this is mainly due to the conservative nature of this foreign multinationals, their always reluctant to lend instead most of them focus on Bond trading, i expect them to struggle this year as income from bond trading declines (BBK -36% this quater). EPS for 1Q 2011 stands at Ksh 1.1 that gives a forward EPS of 4.4 if they keep the 1Q momentum which is way below the 2010 EPS of 7.8 (included the once off sell of their custodial business to Standard Chartered). At a forward PE of 15 BBK is a hold or reduce. NB: all calculations do not include shares from the recently announced 4 for every 1 split.

Entire article here http://contrarianinvesti...a-1q-2011-earnings.html[/quote]

wld have clicked the 'like' button if i cld..its nice keep up.

Banks to BUY, in order (YBC style, I know....):
1. Equity: Massive growth, more expected
2. KCB: Good reforms, if they cut costs they will give equity a run for their money and boost investor returns
3. DTB: Always inching up, up , up....The leader in the mid-tier banks. Its follwed closely by
4.NIC: Its a BUY at current prices. Best corporate governance out there btw almost like
5. I&M Bank Ltd:...Ooops, not listed but when it is, buy quickly. I know something you don't. ;-)

short DTB...its overbought...expensive...EY EPS will be down by 10%

Hear! Hear!

Who were young adults like me when they bought in.

What exactly makes you say that KCB & Equity have reached the end of the road interms of growth? These banks have a loooong way to go if they are to be in the same league as other panafrican banks eg ecobank & uba... The population & economy of EA is growing and for this to be sustainable they have abig role to play. If you do not have faith in the growth of these 2 banks, then you do not have faith in the growth of the EA economy, now or ever.
DTB overpriced? I think you mean overheated. Its price just shot up so it may experience some correction but I would hesitate to call it overpriced. It has alooooong way to go also.
NIC & I&M Bank we seem to agree on. Im not touching BBK or SCB. Not soon anyway.

@TheMerchant - Tell me more about I&M Bank. They did a Private Placement last year @ 935 but the thresh-hold was 22,000 shares!!!

[I asked SIB the lead/sponsoring brokers who said CMA wanted I&M to have a MAXIMUM of 99 shareholders - something in the Company Act or CMA Rules - but when the CMA approves 99+ shareholders then others can buy. Seems the next step is being public without a listing like Deacons]

Has it released 1Q 2011 results?