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CO OP 3Q 2012 RESULTS
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FUNKY
#1 Posted : Thursday, November 15, 2012 9:36:41 AM
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S.Mutaga III
#2 Posted : Thursday, November 15, 2012 9:42:37 AM
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PBT and PAT please?
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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maligumu
#3 Posted : Thursday, November 15, 2012 11:48:30 AM
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S.Mutaga III wrote:
PBT and PAT please?

Peace be with you
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cnn
#4 Posted : Thursday, November 15, 2012 12:08:34 PM
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maligumu wrote:
S.Mutaga III wrote:
PBT and PAT please?


PAT 5.7B vs 4.5B last year.
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selah
#5 Posted : Thursday, November 15, 2012 12:13:52 PM
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PBT 7.5B (5.6B-Sept 2011)

PAT 5.9B (4.5B-sept 2011)

Cash&Cash Equivalent 25.4B (14.7B -Dec 2011)

Gross Non performing Loans 6.2B (1B -sept 2011)
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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selah
#6 Posted : Thursday, November 15, 2012 12:24:34 PM
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Borrowed funds of 6.9B in Q3 is quite interesting....Could this mean the Bank was in trouble Liquidity wise?
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Fyatu
#7 Posted : Thursday, November 15, 2012 1:55:40 PM
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FUNKY wrote:
http://bit.ly/TKjPqO


Is it it possible to get more legible set of results??
Dumb money becomes dumb only when it listens to smart money
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jerry
#8 Posted : Thursday, November 15, 2012 3:01:39 PM
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Fyatu wrote:
FUNKY wrote:
http://bit.ly/TKjPqO


Is it it possible to get more legible set of results??

Also wondering same.
The opposite of courage is not cowardice, it's conformity.
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mlennyma
#9 Posted : Thursday, November 15, 2012 3:06:33 PM
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http://mobile.reuters.co...E8MF41520121115?irpc=932
"Don't let the fear of losing be greater than the excitement of winning."
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selah
#10 Posted : Thursday, November 15, 2012 3:51:16 PM
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mlennyma wrote:
http://mobile.reuters.com/article/article/idUSL5E8MF41520121115?irpc=932


Quote:
"The key thing that sticks out for me is the non-performing loan, the provision, because for the full year my estimate is 1.6 billion shillings and they have currently done 751 million."


This issue was raised by Citi....that kenyan banks are under provisioning for bad loans...and here its being raised here again....I still concur the provisions are too low given the level of non performing loans.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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the deal
#11 Posted : Monday, November 19, 2012 9:35:54 PM
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Just check page 4 of the Q3 2012 earnings, there was a huge jump in supplementary capital from KES455mn to KES3.5bn, where did that figure come from? very fishy if you ask me.
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mwekez@ji
#12 Posted : Monday, November 19, 2012 10:16:08 PM
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the deal wrote:
Just check page 4 of the Q3 2012 earnings, there was a huge jump in supplementary capital from KES455mn to KES3.5bn, where did that figure come from? very fishy if you ask me.


........... borrowed funds .........
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the deal
#13 Posted : Monday, November 19, 2012 11:05:22 PM
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mwekez@ji wrote:
the deal wrote:
Just check page 4 of the Q3 2012 earnings, there was a huge jump in supplementary capital from KES455mn to KES3.5bn, where did that figure come from? very fishy if you ask me.


........... borrowed funds .........

Agreed, it must be the loan from the ECB or the IFC, it has helped them improve their capital ratio's...I think its time to take positions on this laggard!
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guru267
#14 Posted : Monday, November 19, 2012 11:14:17 PM
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the deal wrote:
I think its time to take positions on this laggard


This bank is relatively expensive based on P/E, price/book and dividend yield..

The likes of Simba & memba are still better buys
Mark 12:29
Deuteronomy 4:16
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the deal
#15 Posted : Monday, November 19, 2012 11:27:39 PM
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guru267 wrote:
the deal wrote:
I think its time to take positions on this laggard


This bank is relatively expensive based on P/E, price/book and dividend yield..

The likes of Simba & memba are still better buys


I think FY 2012 EPS will come in at KES1.86 which equates to a PE of 6.2 and a DY of 3.2% at the current price...not bad valuations...interesting in Q3 2012 their cost of funds dropped, loan book and deposits accelerated but non interest revenue still struggling despite a strong recovery in their bond portfolio...could be the beginning of good things from this laggard....
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guru267
#16 Posted : Tuesday, November 20, 2012 11:04:05 PM
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the deal wrote:
guru267 wrote:
the deal wrote:
I think its time to take positions on this laggard


This bank is relatively expensive based on P/E, price/book and dividend yield..

The likes of Simba & memba are still better buys


I think FY 2012 EPS will come in at KES1.86 which equates to a PE of 6.2 and a DY of 3.2% at the current price...not bad valuations...interesting in Q3 2012 their cost of funds dropped, loan book and deposits accelerated but non interest revenue still struggling despite a strong recovery in their bond portfolio...could be the beginning of good things from this laggard....


Ive had a second look at the stock and i agree the valuations aren't so bad... Just as long as that low dividend yield is coupled with a bonus issue of like 1:6
Pray
Mark 12:29
Deuteronomy 4:16
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