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Diamond Trust Bank FY 2011 Results
Rank: Member Joined: 3/20/2008 Posts: 503
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EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 Do you have a link because I think this is a bonus issue and not a rights issue.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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It is indeed a RIGHTS issue as indicated at 1 for 8. While the results are positive DTB has underperformed the likes of NIC Bank. I also expect their profit growth rate to be surpassed by CFC Stanbic & the non listed I & M Bank.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 weka rink. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 3/20/2008 Posts: 503
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Aguytrying wrote:xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 weka rink. http://www.nse.co.ke/med...-statements-cover-letter
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BNDividend of 1.7 per share Rights Issue of 1 for 8 EPS= Earnings per SHARE. So each share earned 2.66BN - zim dollars or the old italian lira? If this announcement mirrors Jubilee (as it is wont to do), maybe it will not be a bonus, but a rights 
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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To grow the Loan Book, it needs more capital. It announced it wants to open in Rwanda thus the need for cash due to high Capital Requirements & cover losses for 2-3 years in Rwanda. There is also an interesting Bond Portfolio that needs fixing... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/26/2008 Posts: 380
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xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 DTB price: 91, DPS 1.7 KCB price: 20.5 DPS 1.85
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Mkimwa wrote:xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 DTB price: 91, DPS 1.7 KCB price: 20.5 DPS 1.85 Hehe. Mkimwa, I doubt anyone buys DTB thinking about dividends  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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KCB has just started doing well... If you had invested 1,000/- in KCB vs DTB 10 years ago...! [BTW, KCB is still below its (2008?) Rights Issue price - 25 - while DTB is way above its Rights Issue price of 2006] In any event, its the future that counts! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:KCB has just started doing well... If you had invested 1,000/- in KCB vs DTB 10 years ago...!
hmmm... A check shows that from 28 February 2002 to 1 March 2012 the KCB and DTB shares gained 1,076.47% and 987.65% respectively;-) Only other shares that managed to gain 1000 percent in 10 years are ARM (4300%), CMC (1,488.24%), CITY TRUST (1,210.53%) and E.A Cables (1,161.11%) GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:VituVingiSana wrote:KCB has just started doing well... If you had invested 1,000/- in KCB vs DTB 10 years ago...!
hmmm... A check shows that from 28 February 2002 to 1 March 2012 the KCB and DTB shares gained 1,076.47% and 987.65% respectively;-) Only other shares that managed to gain 1000 percent in 10 years are ARM (4300%), CMC (1,488.24%), CITY TRUST (1,210.53%) and E.A Cables (1,161.11%) Indeed ARM gains are eye popping. Hmmm... Maybe I should start looking at this stock, but the volume spread looks very illiquid.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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youcan'tstopusnow wrote:VituVingiSana wrote:KCB has just started doing well... If you had invested 1,000/- in KCB vs DTB 10 years ago...!
hmmm... A check shows that from 28 February 2002 to 1 March 2012 the KCB and DTB shares gained 1,076.47% and 987.65% respectively;-) Only other shares that managed to gain 1000 percent in 10 years are ARM (4300%), CMC (1,488.24%), CITY TRUST (1,210.53%) and E.A Cables (1,161.11%) Check bonuses for DTB vs KCB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:youcan'tstopusnow wrote:VituVingiSana wrote:KCB has just started doing well... If you had invested 1,000/- in KCB vs DTB 10 years ago...!
hmmm... A check shows that from 28 February 2002 to 1 March 2012 the KCB and DTB shares gained 1,076.47% and 987.65% respectively;-) Only other shares that managed to gain 1000 percent in 10 years are ARM (4300%), CMC (1,488.24%), CITY TRUST (1,210.53%) and E.A Cables (1,161.11%) Indeed ARM gains are eye popping. Hmmm... Maybe I should start looking at this stock, but the volume spread looks very illiquid. They would be hard pressed to repeat such a sterling perfomance over the next 10 years Perhaps you would be better off looking out for 'the next ARM' GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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I bot ARM-IPO at 6.25 but sold at a loss! I was doing some construction and the NSE was doing badly. I couldn't stand the negative business news every evening and morning via KBC radio, only station then! My NEXT ARM is CIC. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Dilution on DTB is minimal (10-15%), on NIC dilution +30%, if you looking at a bank to hold for 2-3 yrs then DTB is the way to go.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:EPS growth of 26% from 2.28Bn to 2.66BN Dividend of 1.7 per share Rights Issue of 1 for 8 why pay a dividend then issue rights issue? the company should just capitalise reserves and tell the shareholders to forget dividends. This is why i like centum and NIC. Life is short. Live passionately.
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