Wazua
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Listed banks H1 results - Profits continue to grow!
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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obiero, 7 Billion? Equity made 2.9 Billion in Q1 KCB made 2.5 Billion in Q1 You really expect them to make that much more in Q2 than they did in Q1 with the current economic environment? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Near Madaraka/Nairobi West side, there were some 2 agents who had set up an Equity agency. Then a few weeks later, Equity decides to open a branch between the 2 of them. Call that a sucker punch. Mind you, they are within a stone's throw of each other. Maybe they should advise people on whether they are going to open branches near them. I doubt those guys are doing much business now. Labda at night/Sundays GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Thanx @QW & @YCSUN. Are those Mada guys still operating..that's a weird position to be in. @deal, we r all aware of the concept/idea behind Agency what we want are practical experiences. Have u heard of any?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@Obiero. Then prepare for disaster. 7 B H1 PBT for either KCB or EB will not be achieved. BTW, how did you did you come up with such an (unrealistic) expectation?
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Rank: Elder Joined: 6/23/2009 Posts: 13,782 Location: nairobi
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mwanahisa wrote:@Obiero. Then prepare for disaster. 7 B H1 PBT for either KCB or EB will not be achieved. BTW, how did you did you come up with such an (unrealistic) expectation? ha ha. pls dont call it unrealistic! KCB management made it clear at the AGM that they aim to deliver a FY PBT of 15B. Simple math guides me to the conclusion that H1 should atleast be close to half of 15B.
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@Obiero. OK - I get your reasoning behind the 7 B projection.
But consider this...
In Q1 2011, KCB made a PBT of 2.5B, so to get to 7B, they would have to do 4.5B in Q2 alone, a jump of 80% in 3 short months. Does that sound realistic or a flight of fancy, knowing KCB's track record and current economic conditions?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Equity Bank's Q2 results are basically flat vis-a-vis Q1. This will not augur too well for the others especially coupled with the news of power rationing looming.
However, should Equity's 2nd half be maintained at the same level as H1, that will still be a 30% growth in profits for the year. In many economies, that would be considered a commendable performance!
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Rank: Member Joined: 4/18/2009 Posts: 118
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Angalau, KCB and others wont look so bad when they post 20% growth.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Renegade wrote:Angalau, KCB and others wont look so bad when they post 20% growth. 
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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According to Business Daily, KCB will be quickly following in Equity's footsteps to release their results tomorrow. Given that the folks at KCB are not too fond of waking up early, I expect that their results will be out after the market closes in the afternoon.
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Rank: Member Joined: 7/12/2011 Posts: 194
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KCB up to its old tricks again. Moving 10 million shares so far, 67% of total turnover
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Rank: Member Joined: 4/17/2009 Posts: 194
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mwanahisa wrote:According to Business Daily, KCB will be quickly following in Equity's footsteps to release their results tomorrow. Given that the folks at KCB are not too fond of waking up early, I expect that their results will be out after the market closes in the afternoon. Kwanini waamke mapema? No fatcat wakes up before 9.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Is there any bank out there capable of outshining member? The jury is out.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Iborian wrote:mwanahisa wrote:According to Business Daily, KCB will be quickly following in Equity's footsteps to release their results tomorrow. Given that the folks at KCB are not too fond of waking up early, I expect that their results will be out after the market closes in the afternoon. Kwanini waamke mapema? No fatcat wakes up before 9. Real bossy like.
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Rank: Member Joined: 4/17/2009 Posts: 194
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Obierrrrrroooo, are you still in the house?
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Rank: Elder Joined: 6/23/2009 Posts: 13,782 Location: nairobi
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Iborian wrote:Obierrrrrroooo, are you still in the house? @Iborian. Iv never left! But im a casual observer rite now. I actually remain only with odd lots in my portfolio. I intend to come back once Justice Katarina decides their fate. Circa late Feb 2012!
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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So we wait for KCB on Thursday. This gives Cde enough time to give his estimate for the lion. Where is YCSUN to rib him some more on this?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Will be busy with KK. Sorry.
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Rank: Member Joined: 4/18/2009 Posts: 118
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Does anyone know when any of the rest of the banks are reporting their H1s GOD BLESS YOUR LIFE
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Listed banks H1 results - Profits continue to grow!
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