Wazua
»
Investor
»
Stocks
»
NBK 3Q 2012 Results
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
|
I am impressed by its performance and looking at its books,I think Am going to buy some from this counter. The bank has registered growth in its income streams and given the Bank used deposits to generate the income not forgetting investing in new softwares and branches,it's a wonder they made the profit in such a tight market. '......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
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
selah wrote:I am impressed buy its performance and looking at its books I think Am going to buy some from this counter.
The bank has registered growth in its income streams and given the Bank used deposits to generate the income not forgetting investing in new softwares and branches,it's a wander they made the profit in such a tight market. At least they represent the bonds haircut accurately unlike the rest who chose to do some gimmicks with their bond portfolios when the interest rates went to the sun...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
The bank registered a KES336mn Pretax loss in Q3 2012, this is a classic example of a bad company on a surgical table better off ignored!
|
|
|
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
|
the deal wrote:The bank registered a KES336mn Pretax loss in Q3 2012, this is a classic example of a bad company on a surgical table better off ignored! It is not a pretax Loss...but a profit....the performance is not that Bad. '......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
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
selah wrote:I am impressed by its performance and looking at its books,I think Am going to buy some from this counter.
The bank has registered growth in its income streams and given the Bank used deposits to generate the income not forgetting investing in new softwares and branches,it's a wonder they made the profit in such a tight market. Which bank are you talking about? NBK posted a KES 336m pre tax loss in Q3 compared to a KES 426m pre tax profit in Q2: Net Interest Income, down 5.6% q/q; Non Interest Income, down 14%; Total Operating Income down 9.1%q/q
|
|
|
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
|
mwekez@ji wrote:selah wrote:I am impressed by its performance and looking at its books,I think Am going to buy some from this counter.
The bank has registered growth in its income streams and given the Bank used deposits to generate the income not forgetting investing in new softwares and branches,it's a wonder they made the profit in such a tight market. Which bank are you talking about? NBK posted a KES 336m pre tax loss in Q3 compared to a KES 426m pre tax profit in Q2: Net Interest Income, down 5.6% q/q; Non Interest Income, down 14%; Total Operating Income down 9.1%q/q Are we looking at the same results because what am seeing is. Pretax Profit of 576,513,000/= (Sept2011 1,807,702,000/=) But when you look at interest income the company registered growth. 6,424,014,000/= (Sept 2011 4,786,861,000/=) Even non interest income grew marginally 2,053,507,000/= (sept 2011 1,772,156,000/=) apart from the high interest rate paid to depositors and increase in Opex due to new branches and upgrade of its banking software I still think this company produced good results given the environment it was operating in. '......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
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
@selah, the figures you have just posted are Year on Year (y/y) performance which are gloomy to say the least (PBT down 68.1% y/y). If you look at the Quarter on Quarter (q/q) performance, which is also very important and it’s what @the deal and I are talking about, you will get a gloomier picture.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
... in addition, when gauging interest income, Net Interest Income (NII) is the best parameter to check. This is because when interest rate on loans hiked, so did the interest rate on deposits
|
|
|
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
|
@mwekez@ji I still insist the income streams have grown, the drop in profit (I still insist it's not a Loss) was mainly brought about by Other Operating expenses which can mainly be attributed to new branches and the IT upgrades.If we had the Cashflow statement we could have seen how they made and spent their cash. '......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
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
@selah
On income streams, I still don’t get how you are looking at them because Total Operating Income is down 9.1% q/q and down 3.7% y/y.
On Profit/Loss before tax, we are basically reading the same page as follows:
Q3; -335,262,000 (loss)
Q2; 425,602,000 (profit)
Q1; 486,173,000 (profit)
Q3+Q2+Q1 = -335,262,000+425,602,000+486,173,000 = 576,513,000 (profit)
On other operating expenses, I wonder what portion of that is non-recurring
|
|
|
Wazua
»
Investor
»
Stocks
»
NBK 3Q 2012 Results
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|