DTB Fair Price Kes115 you can read more here http://www.contrarianinv...nic-bank-vs-dtb-reloaded

Only risk for quick money is that the results may push the price up prematurely. It may dampen the anxiousness that surrounds rights issues that cause shares to be depressed.
you guys Enjoy, we cant be in all the buses

i think the results will influence the price to a greater deal. but i think it will go up eventually whatever the results. 6 months down the line we may see it print even 110-120 or thereabout.

Njuguna Ndung’u, the
Central Bank governor,
declined to comment on the findings, saying that such a report needed to be done by
a neutral party.
“I cannot comment on this because it will sound
defensive but we need a
neutral party to make such an analysis,” Prof Ndung’u said.
Richard Etemesi, CEO of
Standard Chartered Bank, said: “In my view this is a ridiculous report, very shoddily put together with absolutely no work done to
validate preposterous
allegations.” He added that the Kenyan banking sector is highly regulated and the figures produced are audited by international firms of
auditors and also the CBK.
“Therefore to suggest that the published numbers could be manipulated by banks in
any way is bordering on the ridiculous.”

I wonder if Citi 'analysed' themselves in the report...

Did DTB already announce?

I would put my trust (not literally) in Citi on this.

The banks have done nothing to debunk Citi's findings besides the fact that creative accounting is usually so complicated as to require forensic accountants to unearth. The CBK's main supervisory tool in this battle is 1) Returns and 2) Audited financial statements. On returns, they are usually so simplified that only a very dedicated analyst will want to examine the detailed schedules supporting the numbers. Analysts have targets on the number of returns they are supposed to turn around in say a month and therefore may not be interested in details.

About audited financial statements, audit firms are known to prefer promoting staff who do not raise many audit issues, meaning that the bright sparks exit audit very quickly. The reason for this surprising preference is that the less questions/matters arising/outstanding issues there are, the more likely that the client will settle audit fees quickly and the audit team can move on to other projects.

Many financial statements including those of banks are therefore audited and signed off by hacks who feeling nothing about sweeping outstanding issues under the carpet. The message is simple, if the auditor refuses to sign on the audit report, management will find someone else who can. The result is audit opinion based on the minimal assurance that the auditor can get away with- then cover his ass with a management representation letter in which management basically puts its neck in a noose. The problem in Kenya is that investors never take enough time to understand companies they invest in and their operations. When that day comes when the investor wakes up, those management representation letters will hang the CEOs but the auditors will hide under them. As I keep on saying on this forum, trust audited financial statements at your own risk.

I still have issues with KE banks playing monkey tactics with their bonds portfolio... Only SCBK and NBK marked their bonds to market...

Kenya: Price Your Bonds to the Market Price - http://allafrica.com/stories/201105302171.html

That makes total divs @1.40 and this diamond never moves . The market has ignored this stock . Wapi @ the Deal sema kitu .

This thing has not exploded even when the NSE is at its all time high!!