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KCB HALF YEAR 2012 PRE TAX PROFITS UP 48 PERCENT TO 8.5 BILLION!
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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dont be cheated by this results,full year 2012 will only grow by betw 13-18%,the 48% was from a low base.unless interest expense on customer deposits drop radically
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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bartum wrote:dont be cheated by this results,full year 2012 will only grow by betw 13-18%,the 48% was from a low base.unless interest expense on customer deposits drop radically Haters gonna hate!!  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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guru267 wrote:bartum wrote:dont be cheated by this results,full year 2012 will only grow by betw 13-18%,the 48% was from a low base.unless interest expense on customer deposits drop radically Haters gonna hate!! @bartum..FY will also be from a low base..
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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PKoli wrote:guru267 wrote:bartum wrote:dont be cheated by this results,full year 2012 will only grow by betw 13-18%,the 48% was from a low base.unless interest expense on customer deposits drop radically Haters gonna hate!! @bartum..FY will also be from a low base.. @bartum, you are on point. End Year EPS will optimistically be circa KES 4.40 (18% growth) .
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB you need a boost! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB I guess you meant full year EPS,and i have to agree with you after going through the half year numbers.
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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jerry wrote:bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB you need a boost! i meant a boost, @jerry are you seeing what i'm?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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cnn wrote:bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB I guess you meant full year EPS,and i have to agree with you after going through the half year numbers. KCB books most of its profit/loss in Q4...(Check previous years) So you guys ain't seen nothing yet for 2012!! 20billion PBT coming your way!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:cnn wrote:bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB I guess you meant full year EPS,and i have to agree with you after going through the half year numbers. KCB books most of its profit/loss in Q4...(Check previous years) So you guys ain't seen nothing yet for 2012!! 20billion PBT coming your way!! 20B would make 32% growth rate. So far we all seem to have have agreed that the 48% growth rate cannot be replicated. On booking of profits, is it the whole banking industry that books more profits in Q4 or its just KCB and what is this business activity that generates more profit in Q4 than in any other quarter. Last year there was the forex saga, how about other years? .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:20B would make 32% growth rate. So far we all seem to have have agreed that the 48% growth rate cannot be replicated. KCB will make 20-22billion PBT in 2012 meaning growth of 32-40% as promised by the Board of Directors.. I want nothing more! www.allkenyanews.com/201...n-foretells-happy-times/ Mwekez@ji wrote:On booking of profits, is it the whole banking industry that books more profits in Q4 or its just KCB and what is this business activity that generates more profit in Q4 than in any other quarter. how about other years? Most of the profits or loss in Q4 arise from provisions made.. Provisions gains or losses can be booked at any time of the year but i believe KCB does so in Q4 for prudence purposes.. Especially when there are gains.. If you check over the years you will notice KCBs Q4 results always differ with other quarters, whether good or bad! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB You are simply comparing KCB to other banks.. Are you aware that KCB is on a huge cost cutting and efficiency drive?? Are you aware that this drive is what will contribute to EPS in 2012 more than the current interest rate environment?? What is the PBT of a company aiming for a 6% ROA and controls assets worth 400B?? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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guru267 wrote:bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB You are simply comparing KCB to other banks.. Are you aware that KCB is on a huge cost cutting and efficiency drive?? Are you aware that this drive is what will contribute to EPS in 2012 more than the current interest rate environment?? What is the PBT of a company aiming for a 6% ROA and controls assets worth 400B?? @guru tell them. Imagine they profits KCB would make if they reached BBK's efficiency levels. Life is short. Live passionately.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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guru267 wrote:bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB You are simply comparing KCB to other banks.. Are you aware that KCB is on a huge cost cutting and efficiency drive?? Are you aware that this drive is what will contribute to EPS in 2012 more than the current interest rate environment?? What is the PBT of a company aiming for a 6% ROA and controls assets worth 400B?? At the current price the expected FY 2012 dividend yield is more than 10%, I will obviously keep buying this lion. If it goes below 24, the better for me.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I see acceptance is a bitter pill to swallow...That's good. Stay tuned. !! ROOAARR !!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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KCB Diaspora Banking - Banking Without Borders + KCB Mobi = more non-funded income with less HR costs. #StayTuned
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:20B would make 32% growth rate. So far we all seem to have have agreed that the 48% growth rate cannot be replicated. KCB will make 20-22billion PBT in 2012 meaning growth of 32-40% as promised by the Board of Directors.. I want nothing more! www.allkenyanews.com/201...n-foretells-happy-times/ That will be excellent performance that will beat other banks performance hand down. However, it’s not a modest projection.guru267 wrote:Mwekez@ji wrote:On booking of profits, is it the whole banking industry that books more profits in Q4 or its just KCB and what is this business activity that generates more profit in Q4 than in any other quarter. how about other years? Most of the profits or loss in Q4 arise from provisions made.. Provisions gains or losses can be booked at any time of the year but i believe KCB does so in Q4 for prudence purposes.. Especially when there are gains.. If you check over the years you will notice KCBs Q4 results always differ with other quarters, whether good or bad! This year, the bank has underprovisioned to the extent of raising eyebrows. That makes provision gains in this year’s Q4 a tough call #Be wary
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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sparkly wrote:guru267 wrote:bartum wrote:@guru @pkoli the H2 eps will most probably be in region 4.05-4.50.but if interest rates come down it may boast Q4 not Q3.certainly 2013 will be a good year for KCB You are simply comparing KCB to other banks.. Are you aware that KCB is on a huge cost cutting and efficiency drive?? Are you aware that this drive is what will contribute to EPS in 2012 more than the current interest rate environment?? What is the PBT of a company aiming for a 6% ROA and controls assets worth 400B?? @guru tell them. Imagine they profits KCB would make if they reached BBK's efficiency levels. Unlikely any time soon. It requires a culture change which is not there. The 'old guard' used to the old way of doing things has to change. I could happen but not in 2012. Perhaps not even 2013. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@VVS,
The first culture change was when MOO instituted/or the board, the Mcnzie study that did the re-oragnisation of KCB. I am glad it was executed very first.
Now, MOO is leading the financing for the investor conference at the Olympics. Before you could not hear KCB in such events..This is positive. I agree it will take some bit of time but the initiatives are good.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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PKoli wrote:@VVS,
The first culture change was when MOO instituted/or the board, the Mcnzie study that did the re-oragnisation of KCB. I am glad it was executed very first.
Now, MOO is leading the financing for the investor conference at the Olympics. Before you could not hear KCB in such events..This is positive. I agree it will take some bit of time but the initiatives are good. Like I said. Not today. Not in 2012. Probably not in 2013. Hopefully, sooner the better! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KCB HALF YEAR 2012 PRE TAX PROFITS UP 48 PERCENT TO 8.5 BILLION!
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