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Ranking the Banks
Rank: Member Joined: 9/9/2006 Posts: 52 Location: USA
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Hi all, I've put the NSE-listed banks through the ranking model. You can see the results at the following link: Stock Showdown: Ranking Kenya's Best BanksYou all know these banks first-hand, so I would love feedback on how accurate this ranking feels to you. Many of the banks are looking to issue rights soon, so that has been influencing valuations. As always please don't hesitate to suggest improvements to the model! Many thanks, Ryan
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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No surprise about the winner there, obviously. Kazi iendelee! (Let the work continue!) GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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You ask of what will reedeem NBK. Maybe new management will... Where did you get the figure of roughly 43% of Equity being owned by foreigners? That is a significant amount Great job again!  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/20/2007 Posts: 4,432
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Ryan I'm 100% sure you don't work for a Kenyan stock broker. Great job with that analysis. It makes sense for us the unsavvy investors. Just a super job and by the way, your blog is great too. Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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hooverrl wrote:Hi all, I've put the NSE-listed banks through the ranking model. You can see the results at the following link: Stock Showdown: Ranking Kenya's Best BanksYou all know these banks first-hand, so I would love feedback on how accurate this ranking feels to you. Many of the banks are looking to issue rights soon, so that has been influencing valuations. As always please don't hesitate to suggest improvements to the model! Many thanks, Ryan i donot understand numbers but i like your analysis . great !!! where have you been ! 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@hooverrl SCB spreading into the region, really? I haven't heard that one. Life is short. Live passionately.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Good work, obviously took your time, how come there is no mention of I&M, CBA and Citi banks "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: New-farer Joined: 1/5/2011 Posts: 93
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hooverrl wrote:Hi all, I've put the NSE-listed banks through the ranking model. You can see the results at the following link: Stock Showdown: Ranking Kenya's Best BanksYou all know these banks first-hand, so I would love feedback on how accurate this ranking feels to you. Many of the banks are looking to issue rights soon, so that has been influencing valuations. As always please don't hesitate to suggest improvements to the model! Many thanks, Ryan Nice work. If you dont want to use plan B, have a good plan A.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Obi 1 Kanobi wrote:Good work, obviously took your time, how come there is no mention of I&M, CBA and Citi banks It is clearly indicated that the analysis is on listed banks only! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 4/14/2011 Posts: 639
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hooverrl wrote:Hi all, I've put the NSE-listed banks through the ranking model. You can see the results at the following link: Stock Showdown: Ranking Kenya's Best BanksYou all know these banks first-hand, so I would love feedback on how accurate this ranking feels to you. Many of the banks are looking to issue rights soon, so that has been influencing valuations. As always please don't hesitate to suggest improvements to the model! Many thanks, Ryan Great job!!!looking forward to kenyan insurance firms analysis
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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KCB should be first. There has been an aggressive campaign to get people to buy EB shares. Why is that so? I see it everywhere.....and this is just one such article.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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My 2 cents wrote:KCB should be first. There has been an aggressive campaign to get people to buy EB shares. Why is that so? I see it everywhere.....and this is just one such article. This was just an analysis no one told u to buy "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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My 2 cents wrote:KCB should be first. There has been an aggressive campaign to get people to buy EB shares. Why is that so? I see it everywhere.....and this is just one such article. As much as KCB seems to earn huge profits they are not even scraping their full potential.. Banks like equity are very efficient in their operations hence the high ranks... Put simply if KCB was as efficient as Equity or DTK we would be talking of 21billion PBT last year.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Obi 1 Kanobi wrote:Good work, obviously took your time, how come there is no mention of I&M, CBA and Citi banks Well @hoover wrote: "I've put the NSE-listed banks through the ranking model." Neither I&M, CBA and Citi banks are listed on the NSE. FYI: I&M did a private placement in Dec 2010 & is likely to list at some point (when DEG & PROPARCO want to cash in) but will it be in 2012 or (post-elections) 2013? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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last month sib gave a valuation update on kenya banking sector. They said "KCB remains our preferred large-cap (39.9% upside ) while NIC is our preferred small-cap (+116.3% upside)." http://www.sib.co.ke/media/docs...Sector-VU-11-04-2012.pdf
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:Obi 1 Kanobi wrote:Good work, obviously took your time, how come there is no mention of I&M, CBA and Citi banks @hoover wrote: "I've put the NSE-listed banks through the ranking model." I&M did a private placement in Dec 2010 & is likely to list at some point (when DEG & PROPARCO want to cash in) but will it be in 2012 or (post-elections) 2013? I&M tops all tier 2 banks. It leads NIC, DTB, CFC, CBA et al. Word has it that they are eying SS/RW. Waiting for their Q1 results
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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What is a Tier-1 Bank? What is a Tier-2 Bank? What is a Tier-3 Bank? Please provide facts/links or other info that verifies the answer (rather than an opinion). Is it based on asset size? Who determines it? What is the cut-off (range) for each tier? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Thanks. I see it seems to be 'market share' that designates the 'tier'. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:VituVingiSana wrote:Obi 1 Kanobi wrote:Good work, obviously took your time, how come there is no mention of I&M, CBA and Citi banks @hoover wrote: "I've put the NSE-listed banks through the ranking model." I&M did a private placement in Dec 2010 & is likely to list at some point (when DEG & PROPARCO want to cash in) but will it be in 2012 or (post-elections) 2013? I&M tops all tier 2 banks. It leads NIC, DTB, CFC, CBA et al. Word has it that they are eying SS/RW. Waiting for their Q1 results I&M Bank Q1 results are out and they are miles ahead of the pack
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