79.5% , Kwani this bank is doing drugs

My friend lemme put you out of your ignorance....

1. CFC Stanbic is among the fastest growing banks in Kenya in terms of customer numbers

2. CFC Stanbic has mobile & internet banking platforms add on top their open up to 8pm.

3. CFC Stanbic does workplace banking...their target clientelle are guys graduating from bottom of the pyramid banks like Equity Bank. The working class understands the essence of time thus theyre more likely to use the products I mentioned in 2 hence the high commission and fees income and no long lines in the banking halls

4. CFC Stanbic's CIB division is the best in East Africa. Theyre winning deals left and right.

5. Theyre scaling their PBB division through innovative products such as Puresave...did you see...the drop in cost of funds and increase in customer deposits?

6. On Agency banking it has its limitations i.e you cant borrow a loan through an agent....do you expect a corporate like Kenol to use agency banking? Agency banking is for hasslers and sufferers...

7. Q1 2013 was slow...i.e People were not taking loans..there were issues in South Sudan....they didnt trade in their bond book...there was an uptick in yields on T-Bills but have since come down.

8. At H1 2013 expect the run rate to pick up...they should be growing PBT by 100%

9. This is a Gem...in other words the new Equity Bank

@mlennyma is right though...

supply being swept off at 70/=

There was a 200k supply that had stayed for about a month. Thank God it was swept last friday. Next stop will be 85 before +100 by year end.

Let it roll...I have huge stake with a buying average at Sh37.

Indeed, that was a good play on your part @the deal.

I was also rather skeptical of CFC Bsnk's ability to translate its performance at Q3 2012 into full throttle for the full year performance, given its past propensity to disappoint. Nonetheless, I kept a keen eye and bought heavily in the mid 40's to low 50's in the immediate aftermath of the release of the full year results. Sadly I had to relinquish a position that I had long held in City Trust (very profitably I would add), plus I also had to bail out of DTB.

I have since added further to my position after the Q1 2013 results and I must say I am a pretty happy camper thus far.

@Siringi, if you look closely at the posts by the leading enthusiasts of this (and even other shares on the NSE), you will note that the basis for our picks is hardly ever what the brokers are saying. Indeed you will note many Wazuans are usually ahead of the brokers in terms of what share is expected to do well. Nonetheless, when brokers do indeed come around, it tends to bolster the selections, as it then gets reported in the wider media.

@132, I doubt whether CFC Stanbic had the same outlook it has today, not to mention other metrics e.g. PE, NAV and PEG ratios that it does today. All the same I do sympathize with the lesson learnt on your foray into this share. We have all gone through some bad experiences at some point in our investment history.

Let it roll ladies & Gentlemen...let it roll