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CFC Stanbic Bank's splendid Q1 2013
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stocksmaster
#16 Posted : Tuesday, May 21, 2013 11:06:15 AM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
the deal wrote:
Splendid...q/q the loan book is growing...customer deposits are growing...the quality of our loan book should be among the best in the industry Gross NPL/Advances at 2.1%....impressive growth in NIR...Q2 expect more NIR since the CIB division won advisory mandates for the Rwanda Eurobond...this thing is undervalued folks.


I just changed my intention for this stock from a speculative play to a Buy.

This is the stock to watch for this year especially if this trend is maintained for the other three quarters of the year......an EPS of about Ksh 11 even at a P/E of 8 is Ksh 88....

Happy hunting

x handle: @stocksmaster79
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mwekez@ji
#17 Posted : Tuesday, May 21, 2013 11:17:38 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
smile
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VituVingiSana
#18 Posted : Tuesday, May 21, 2013 11:20:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Where does one get the (e-copy) Annual Report for CFC Holdings?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#19 Posted : Tuesday, May 21, 2013 11:49:15 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
Where does one get the (e-copy) Annual Report for CFC Holdings?


http://www.cfcstanbicbank.co.ke...tatements20122604203.pdf
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Aguytrying
#20 Posted : Tuesday, May 21, 2013 12:27:47 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
My buy trigger button was at the ready when it touched sub 60 last week, but no conviction then to buy, but now.... food for thought
The investor's chief problem - and even his worst enemy - is likely to be himself
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ngapat
#21 Posted : Tuesday, May 21, 2013 12:58:05 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
79.5% , Kwani this bank is doing drugs
“Invest in yourself. Your career is the engine of your wealth.”
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mlennyma
#22 Posted : Wednesday, May 22, 2013 6:16:48 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I also wonder about this growth,they have few branches,no agency banking,their halls are not crowded,i think they are dealing mostly with high networth clients and corporates
"Don't let the fear of losing be greater than the excitement of winning."
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the deal
#23 Posted : Wednesday, May 22, 2013 8:41:39 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mlennyma wrote:
I also wonder about this growth,they have few branches,no agency banking,their halls are not crowded,i think they are dealing mostly with high networth clients and corporates

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
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  | | Edit by user: Wednesday, May 22, 2013 8:47 AM | Reason: Not specified
mlennyma
#24 Posted : Wednesday, May 22, 2013 9:33:11 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@deal,we are here to educate each other.kudos
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#25 Posted : Wednesday, May 22, 2013 9:33:23 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
mlennyma wrote:
I also wonder about this growth,they have few branches,no agency banking,their halls are not crowded,i think they are dealing mostly with high networth clients and corporates

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...
possunt quia posse videntur
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jerry
#26 Posted : Wednesday, May 22, 2013 9:46:27 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
In addition to above; was CFC 1st to start fixed charge for all account transactions?
The opposite of courage is not cowardice, it's conformity.
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theking
#27 Posted : Monday, June 10, 2013 3:02:11 PM
Rank: Member

Joined: 1/25/2010
Posts: 344
supply being swept off at 70/=
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mwekez@ji
#28 Posted : Monday, June 10, 2013 3:07:37 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
smile

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dunkang
#29 Posted : Monday, June 10, 2013 3:12:49 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
theking wrote:
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.
Receive with simplicity everything that happens to you.” ― Rashi

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cnn
#30 Posted : Monday, June 10, 2013 3:18:32 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
dunkang wrote:
theking wrote:
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.
...That block capped the price for weeks it was annoying,but it will give a good return to the buyers.
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