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Equity Bank HY 2011 results
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the deal
#141 Posted : Tuesday, October 04, 2011 11:10:22 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
the deal wrote:
38% of KCB's profits in 2010 came from forex trading

hopefully one day you will learn the difference between revenues & gross/net profits smile

@Cde there is what we call segmental revenue analysis....banks have two revenue streams..interest income and non interest income...
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Cde Monomotapa
#142 Posted : Tuesday, October 04, 2011 11:31:33 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Cde Monomotapa wrote:
the deal wrote:
38% of KCB's profits in 2010 came from forex trading

hopefully one day you will learn the difference between revenues & gross/net profits smile

@Cde there is what we call segmental revenue analysis....banks have two revenue streams..interest income and non interest income...

Whose general summation is revenue/income. Thank you.
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the deal
#143 Posted : Tuesday, October 04, 2011 12:14:58 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ok @Cde here is the deal...Net interest income (NIC) +non interest income=total operating income

For KCB's 1H results...

Subtract the Sh1.3 Billion they earned from forex from the Non interest income segment and add with NIC to get your Total operating income and then subtract total operating expenses you will get your PBT then compare it to last years PBT...then you will see magnitude of this forex saga to KCB.
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kizee1
#144 Posted : Tuesday, October 04, 2011 12:18:34 PM
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Joined: 9/29/2010
Posts: 679
Location: nairobi
the deal wrote:
kizee1 wrote:
the deal wrote:
38% of KCB's profits in 2010 came from forex trading



this year i wager they make more as will most banks, spreads are wider from 10bp now 50bp, biggest gainer-banks, biggest looser-wider economy which includes you!

It remains to be seen how KCB will cope in 2012 without the forex billions since CBK has gotten fed up with their gambling habits, the lion shall retreat to his cave and never Roar...smile



please explain how cbk have done this? assume kcb has a t/o of usd 10mio at a bid/offer spread of 10 cents they make kes 1mio at least...at a bid/offer of 50cents they make kes 5mio...replicate this scenario across the industry and tell me how banks FX incomes will be affected
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Cde Monomotapa
#145 Posted : Tuesday, October 04, 2011 12:39:17 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Ok @Cde here is the deal...Net interest income (NIC) +non interest income=total operating income

For KCB's 1H results...

Subtract the Sh1.3 Billion they earned from forex from the Non interest income segment and add with NIC to get your Total operating income and then subtract total operating expenses you will get your PBT then compare it to last years PBT...then you will see magnitude of this forex saga to KCB.

so is fx an income or profit item?
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the deal
#146 Posted : Tuesday, October 04, 2011 12:55:28 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
the deal wrote:
Ok @Cde here is the deal...Net interest income (NIC) +non interest income=total operating income

For KCB's 1H results...

Subtract the Sh1.3 Billion they earned from forex from the Non interest income segment and add with NIC to get your Total operating income and then subtract total operating expenses you will get your PBT then compare it to last years PBT...then you will see magnitude of this forex saga to KCB.

so is fx an income or profit item?

Q&A...you have not answered my question above..please calculate KCB's 1H 2011 PBT without forex income & then compare it to 1H 2010 smile
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Cde Monomotapa
#147 Posted : Tuesday, October 04, 2011 1:58:27 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Cde Monomotapa wrote:
the deal wrote:
Ok @Cde here is the deal...Net interest income (NIC) +non interest income=total operating income

For KCB's 1H results...

Subtract the Sh1.3 Billion they earned from forex from the Non interest income segment and add with NIC to get your Total operating income and then subtract total operating expenses you will get your PBT then compare it to last years PBT...then you will see magnitude of this forex saga to KCB.

so is fx an income or profit item?

Q&A...you have not answered my question above..please calculate KCB's 1H 2011 PBT without forex income & then compare it to 1H 2010 smile

Whatever man. Keep mis-leading the populace. What do I care Laughing out loudly Laughing out loudly
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mlennyma
#148 Posted : Wednesday, October 05, 2011 1:50:15 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Whats up?crazy volume,is nssf in the market or who is buying?so far over 14m and its only 2pm.
"Don't let the fear of losing be greater than the excitement of winning."
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QW25081985
#149 Posted : Wednesday, October 05, 2011 1:59:53 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Equity has bottomed. You dnt need to be a prof to know that. W/ such crazy price action at 17 bob level we might never see 13 bob. It seems that 17 bob level is a sweet spot for smart money. I wonder why kcb isnt getting the same kind of love.
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the deal
#150 Posted : Wednesday, October 05, 2011 2:23:15 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
QW25081985 wrote:
Equity has bottomed. You dnt need to be a prof to know that. W/ such crazy price action at 17 bob level we might never see 13 bob. It seems that 17 bob level is a sweet spot for smart money. I wonder why kcb isnt getting the same kind of love.

That coming from a guy who said 2 weeks ago that the NSE has bottomed at 3507...well the NSE has lost 230 points or 6.6% since then...Laughing out loudly Laughing out loudly
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Sufficiently Philanga....thropic
#151 Posted : Wednesday, October 05, 2011 2:40:32 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Without a doubt, and without mincing words, Equity is my favorite stock since back in the day. The only stock that withstood the 2007 NSE mini crash in H1 2007.
And BTW, if this stock is to keep up with its tradition of giving out goodies after every 5 years, then you can see where smart money is headed!
@SufficientlyP
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QW25081985
#152 Posted : Wednesday, October 05, 2011 2:46:01 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
the deal wrote:
QW25081985 wrote:
Equity has bottomed. You dnt need to be a prof to know that. W/ such crazy price action at 17 bob level we might never see 13 bob. It seems that 17 bob level is a sweet spot for smart money. I wonder why kcb isnt getting the same kind of love.

That coming from a guy who said 2 weeks ago that the NSE has bottomed at 3507...well the NSE has lost 230 points or 6.6% since then...Laughing out loudly Laughing out loudly



oh boy do you have some learning to do.
The index and the individual stocks can move in separate ways.
The index itself mightnt have bottomd but some stocks might have. Didnt we see uchumi, kk ,britak rally in an index that has fallen more than 20% so far ?
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