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CFC Stanbic Bank's splendid Q1 2013
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mwanahisa
#1 Posted : Tuesday, May 21, 2013 8:29:04 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
CFC Stanbic has continued with its excellent 2012 full year performance where its growth outpaced practically all its peers.

In Q1 2013, it has picked up from where it stopped in 2012.

Performance highlights for Q1 2013 are as follows:

1. PBT up 79.6%
2. PAT up 78%
3. Total Comprehensive income up, 1,647%

The EPS attributable to CFC Stanbic Holdings shareholders comes in at Kshs 2.56. This is after adjusting for the considerable dilution of an additional approximately 122 million new shares from the rights issue last year; a whopping 44% increase in the number of shares. If this performance is maintained, we are looking at an EPS of above Kshs 10 for the year.

This could well be the standout banking stock for this year on valuation basis.

@The deal, hisah and Stockmaster, I am with you on this counter, but I am looking at it as a medium term play unlike stockmaster.

Source: Pg 21, Daily Nation, May-21-2013.
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the deal
#2 Posted : Tuesday, May 21, 2013 8:42:03 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
What did i tell ya folks???
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FUNKY
#3 Posted : Tuesday, May 21, 2013 9:01:09 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
This is what we should call excellent results!! Lets see the price today.
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MoneyMonger
#4 Posted : Tuesday, May 21, 2013 9:05:48 AM
Rank: Member

Joined: 4/25/2012
Posts: 110
FUNKY wrote:
This is what we should call excellent results!! Lets see the price today.


Excellent indeed! Applause Applause
There is nothing as dangerous as an Idea, when there is only one Idea
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streetwise
#5 Posted : Tuesday, May 21, 2013 9:12:37 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Impressive indeed...let Africa show them
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cnn
#6 Posted : Tuesday, May 21, 2013 9:28:51 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
mwanahisa wrote:
CFC Stanbic has continued with its excellent 2012 full year performance where its growth outpaced practically all its peers.

In Q1 2013, it has picked up from where it stopped in 2012.

Performance highlights for Q1 2013 are as follows:

1. PBT up 79.6%
2. PAT up 78%
3. Total Comprehensive income up, 1,647%

The EPS attributable to CFC Stanbic Holdings shareholders comes in at Kshs 2.56. This is after adjusting for the considerable dilution of an additional approximately 122 million new shares from the rights issue last year; a whopping 44% increase in the number of shares. If this performance is maintained, we are looking at an EPS of above Kshs 10 for the year.

This could well be the standout banking stock for this year on valuation basis.

@The deal, hisah and Stockmaster, I am with you on this counter, but I am looking at it as a medium term play unlike stockmaster.

Source: Pg 21, Daily Nation, May-21-2013.

I should have bought more,good numbers.
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jerry
#7 Posted : Tuesday, May 21, 2013 9:45:40 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
MoneyMonger wrote:
FUNKY wrote:
This is what we should call excellent results!! Lets see the price today.


Excellent indeed! Applause Applause

up 3.33% already.
The opposite of courage is not cowardice, it's conformity.
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mlennyma
#8 Posted : Tuesday, May 21, 2013 10:17:19 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I hope the insurance does the same,where iam heavily camping.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#9 Posted : Tuesday, May 21, 2013 10:22:12 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Hmmm, looks interesting but the Balance Sheet has shrunk. Considerably.
Assets down by 4.5bn [3.5%]
I find that odd when most other (large) banks were increasing their footprint.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#10 Posted : Tuesday, May 21, 2013 10:38:05 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
The bank appears to have shed off some "baggage" in the balance sheet i.e. Balances due to Banking institutions within the group stood at Kshs 24.3 B in Q1 2012 which have been whittled down to 1.7 B in 2013.

Similarly, Deposits and Balances due to banking institutions abroad, have come down from 30.8 B to 7 B.

The core business of the bank is actually stable with loans and advances going up slightly while deposits have come down a notch.

VituVingiSana wrote:
Hmmm, looks interesting but the Balance Sheet has shrunk. Considerably.
Assets down by 4.5bn [3.5%]
I find that odd when most other (large) banks were increasing their footprint.
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