Wazua
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BBK Profit Before Tax Rises 8% Dividend set at 1/=
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Reporting Season here we go. The big laggard sets it off. http://www.reuters.com/a...gs-idUSN6E8M702D20130213
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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only 8% growth, the tide turned for the wabeberu banks
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Rank: New-farer Joined: 7/17/2012 Posts: 14
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Below expectation performance but still consistent with the Bank's recent trajectory. Dividends a bit disappointing. Time to bolt out.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Not really a surprise. As an illustration of their business approach, between September 2011 and September 2012, BBK's balance sheet shrunk by 13 billion while KCB grew theirs by close to 50 billion in the same period.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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atleast they haven't done what Simba and memba will do. #cooking_books Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@dunkang, eti they havent cooked. check loan loss provision is down a whooping 80% to KES 144.376M from KES 728.680M in 2011
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The Balance Sheet has alot of room for lending if this bank was to move from the conservative position. The bank is also very liquid at a liquidity ratio of 46.8%. No wonder the high payout ratio. N'way, they can even do higher payout given that they (bbk) cant expand to the region like the truly local banks
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Rank: Elder Joined: 12/4/2009 Posts: 10,810 Location: NAIROBI
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The asset base has began expanding which is a tool for further growth in profits and Loans and advances. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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EPS: KES 1.61
DPS: KES 1.00 (KES 0.30 interim dividend + KES 0.70 final dividend)
NBV: KES 5.45
at the current market price of KES 16.30
P/E: 10.12x - Verdict: Fully valued
DY: 6.13% - Fair
P/B: 3x - Very Expensive
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Agree with Mwekezaji. Still wouldn't expect it to plunge dramatically, Foreigners still appear to have some faith in it. The honchos at Standard Bank Group (SA) had a target price of 19 just last week.
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BBK Profit Before Tax Rises 8% Dividend set at 1/=
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