Wazua
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CFC BANK (minus) INSURANCE
Rank: Member Joined: 6/11/2008 Posts: 257
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Price going down. Does it mean insurance arm was very powerful ? Without insurance, price is going down. What do you think ? I want to be a millionaire.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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The Bank made Kshs 1,477,182,000 in 2010. This works out to an EPS of approximately Kshs 5.40. At a price of 60, it is therefore slightly more expensive than NIC & DTB on a PE basis.
Its shareholder funds at 31.12.10 were Kshs 10,034,730,000. @60, this means its NBV per share is Kshs 36.67. On that basis it is somewhat cheaper than the two banks above.
It is worth noting that in 2010, CFC Bank made Kshs 1,534,534,000 from other income, primarily through trading in bonds. This was almost 18% of its operating income which was rather high. If there is a hit on this in 2011, your guess is as good as mine as to what will happen to its profits.
On the positive side, I reckon CFC Stanbic to be one of those banks that have never realized their potential. So maybe if they got their act together, they might just surprise us one of these days. They are one of my bankers, and I know the frustrations that I have been going through for the last couple of years.
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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I now realise at 80's and 90's this thing was a sell.i exited later at 80bob...cfc bank is not aggressive in terms of branch expansion or even agency banks..or they have a chank of corporate & institutional big boys? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwanahisa wrote:The Bank made Kshs 1,477,182,000 in 2010. This works out to an EPS of approximately Kshs 5.40. At a price of 60, it is therefore slightly more expensive than NIC & DTB on a PE basis.
Its shareholder funds at 31.12.10 were Kshs 10,034,730,000. @60, this means its NBV per share is Kshs 36.67. On that basis it is somewhat cheaper than the two banks above.
It is worth noting that in 2010, CFC Bank made Kshs 1,534,534,000 from other income, primarily through trading in bonds. This was almost 18% of its operating income which was rather high. If there is a hit on this in 2011, your guess is as good as mine as to what will happen to its profits.
On the positive side, I reckon CFC Stanbic to be one of those banks that have never realized their potential. So maybe if they got their act together, they might just surprise us one of these days. They are one of my bankers, and I know the frustrations that I have been going through for the last couple of years. Agreed Mwanahisa. The problem is that they are taking too long to realize their value. What really ails the bank, is it the management issue (control from SA)
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Hii bankiko ilifika Gikosh/Ma-J juzi, juzi tu. Kueni wa pole.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Let it fall so that we have something to buy...if it goes to 36-44 i will definitely sell some of my holdings n go into CFC...this guys r verry innovative look at products such 100% morgage...whoch Kenyan Bank has that?
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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100% mortgage and what else??one song cannot make you a musician. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:Hii bankiko ilifika Gikosh/Ma-J juzi, juzi tu. Kueni wa pole. They will be routed in those areas. Kuna wenyewe uko GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mlennyma wrote:100% mortgage and what else??one song cannot make you a musician. So Circute n' Joel (manyake/juala fame) have never been musicians?  GOD BLESS YOUR LIFE
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Rank: Member Joined: 4/18/2009 Posts: 118
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Shareholders in this bank are showing us how to defend your share price. They seem to have set a marker - price should not fall below 50. It's been well defended at 52.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Renegade wrote:Shareholders in this bank are showing us how to defend your share price. They seem to have set a marker - price should not fall below 50. It's been well defended at 52. Let's wait for the H1's GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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If CFC report fantastic H1 results this share will shoot up for sure.
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Rank: Member Joined: 12/31/2008 Posts: 90
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I think they have made some money from Forex Trading. They are good at that sort of thing, but their costs. I think they have the highest paid staff (on average) among the Kenyan banks.
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