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CFC Stanbic Bank's splendid Q1 2013
the deal
#31 Posted : Monday, June 10, 2013 3:29:43 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Let it roll...I have huge stake with a buying average at Sh37.

Aguytrying
#32 Posted : Monday, June 10, 2013 6:11:34 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
the deal wrote:
Let it roll...I have huge stake with a buying average at Sh37.



well played. i looked at it those day but ive been convinced investment wise. enjoy
The investor's chief problem - and even his worst enemy - is likely to be himself
mwanahisa
#33 Posted : Monday, June 10, 2013 7:41:43 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Aguytrying wrote:
the deal wrote:
Let it roll...I have huge stake with a buying average at Sh37.



well played. i looked at it those day but ive been convinced investment wise. enjoy


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
#34 Posted : Tuesday, June 11, 2013 6:31:44 AM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
Not to dampen some spirits nor stop the winds from your sails ... A cautiln though am seeing some enthusiasm akin to the pitch my broker used to sing me when a certain IPO cheque refund was deposited to my CDSC used to go lyrical about the future of CFCstanbic youd think all the other bank ers learnt by correspondence and only the CFC ones went to Strathmore and Harvard. A consequence got me some at 132¡ talk of losing your shirt \ being taken to the cleàners... I have the receipts to date a lesson in not trusting sales pitches . Fundamental fundamental fundamenals and what are the peers in the industry doing and what is your targrt stock doing differently ?
When the CFC hits 75% paper gain on that historic high someone call me i'll offer generous commission i stayed away from the rights ... Big mistake though.. Call it learning
"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
mwanahisa
#35 Posted : Tuesday, June 11, 2013 10:44:43 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@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.


Siringi wrote:
Not to dampen some spirits nor stop the winds from your sails ... A cautiln though am seeing some enthusiasm akin to the pitch my broker used to sing me when a certain IPO cheque refund was deposited to my CDSC used to go lyrical about the future of CFCstanbic youd think all the other bank ers learnt by correspondence and only the CFC ones went to Strathmore and Harvard. A consequence got me some at 132¡ talk of losing your shirt \ being taken to the cleàners... I have the receipts to date a lesson in not trusting sales pitches . Fundamental fundamental fundamenals and what are the peers in the industry doing and what is your targrt stock doing differently ?
When the CFC hits 75% paper gain on that historic high someone call me i'll offer generous commission i stayed away from the rights ... Big mistake though.. Call it learning

Mukiri
#36 Posted : Tuesday, June 11, 2013 10:49:56 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
mwanahisa wrote:
@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.


Siringi wrote:
Not to dampen some spirits nor stop the winds from your sails ... A cautiln though am seeing some enthusiasm akin to the pitch my broker used to sing me when a certain IPO cheque refund was deposited to my CDSC used to go lyrical about the future of CFCstanbic youd think all the other bank ers learnt by correspondence and only the CFC ones went to Strathmore and Harvard. A consequence got me some at 132¡ talk of losing your shirt \ being taken to the cleàners... I have the receipts to date a lesson in not trusting sales pitches . Fundamental fundamental fundamenals and what are the peers in the industry doing and what is your targrt stock doing differently ?
When the CFC hits 75% paper gain on that historic high someone call me i'll offer generous commission i stayed away from the rights ... Big mistake though.. Call it learning


I stopped listening to my brokers. Any tips on how to make them not give me unsolicited advice?Sad I've tried yawning, cutting them off but it doesn't workSad Do they have targets to give bad advice?

Proverbs 19:21
the deal
#37 Posted : Tuesday, June 11, 2013 10:54:05 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Let it roll ladies & Gentlemen...let it roll smile smile smile smile smile
uchumi
#38 Posted : Tuesday, June 11, 2013 11:03:27 AM
Rank: Member

Joined: 9/16/2006
Posts: 234
we are headed to 80
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
mwekez@ji
#39 Posted : Tuesday, June 11, 2013 11:06:25 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
Let it roll ladies & Gentlemen...let it roll smile smile smile smile smile

mibbz
#40 Posted : Thursday, June 20, 2013 11:15:17 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
up coming capital raising;perhaps another rights issue? do they have the thresholds required?

http://www.businessdaily...1/-/tyx1yhz/-/index.html
mwekez@ji
#41 Posted : Saturday, June 22, 2013 11:25:05 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mibbz wrote:
up coming capital raising;perhaps another rights issue? do they have the thresholds required?

http://www.businessdailyafrica....1/-/tyx1yhz/-/index.html


They do have the thresholds required. As at March 2013,

Core capital/ total deposit liabilities; 19.2%
Minimum Statutory Ratio; 8%
Excess; 11.2%

Core capital/ total risk weighted assets; 16.5%
Minimum Statutory Ratio; 10.5%
Excess; 6%

Total capital/ total risk weighted assets; 20.7%
Minimum Statutory Ratio; 14.5%
Excess; 6.2%

Liquidity Ratio; 46.3%
Minimum Statutory Ratio; 20%
Excess; 26.3%

http://www.cfcstanbicbank.co.ke...itResults31March2013.pdf
guru267
#42 Posted : Sunday, June 23, 2013 2:47:50 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
mibbz wrote:
up coming capital raising;perhaps another rights issue? do they have the thresholds required?

http://www.businessdailyafrica....1/-/tyx1yhz/-/index.html


They do have the thresholds required. As at March 2013,

Core capital/ total deposit liabilities; 19.2%
Minimum Statutory Ratio; 8%
Excess; 11.2%

Core capital/ total risk weighted assets; 16.5%
Minimum Statutory Ratio; 10.5%
Excess; 6%

Total capital/ total risk weighted assets; 20.7%
Minimum Statutory Ratio; 14.5%
Excess; 6.2%

Liquidity Ratio; 46.3%
Minimum Statutory Ratio; 20%
Excess; 26.3%

http://www.cfcstanbicbank.co.ke...itResults31March2013.pdf


One then can only wonder why management cannot pay a meaningful dividend?!
Mark 12:29
Deuteronomy 4:16
mwekez@ji
#43 Posted : Sunday, June 23, 2013 2:55:31 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
mwekez@ji wrote:
mibbz wrote:
up coming capital raising;perhaps another rights issue? do they have the thresholds required?

http://www.businessdailyafrica....1/-/tyx1yhz/-/index.html


They do have the thresholds required. As at March 2013,

Core capital/ total deposit liabilities; 19.2%
Minimum Statutory Ratio; 8%
Excess; 11.2%

Core capital/ total risk weighted assets; 16.5%
Minimum Statutory Ratio; 10.5%
Excess; 6%

Total capital/ total risk weighted assets; 20.7%
Minimum Statutory Ratio; 14.5%
Excess; 6.2%

Liquidity Ratio; 46.3%
Minimum Statutory Ratio; 20%
Excess; 26.3%

http://www.cfcstanbicbank.co.ke...itResults31March2013.pdf


One then can only wonder why management cannot pay a meaningful dividend?!


Its a growth stock! Retained earnings powering the sky-scraping growth!!
Pesa Nane
#44 Posted : Sunday, June 23, 2013 5:42:34 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mwekez@ji wrote:
guru267 wrote:
mwekez@ji wrote:
mibbz wrote:
up coming capital raising;perhaps another rights issue? do they have the thresholds required?

http://www.businessdailyafrica....1/-/tyx1yhz/-/index.html


They do have the thresholds required. As at March 2013,

Core capital/ total deposit liabilities; 19.2%
Minimum Statutory Ratio; 8%
Excess; 11.2%

Core capital/ total risk weighted assets; 16.5%
Minimum Statutory Ratio; 10.5%
Excess; 6%

Total capital/ total risk weighted assets; 20.7%
Minimum Statutory Ratio; 14.5%
Excess; 6.2%

Liquidity Ratio; 46.3%
Minimum Statutory Ratio; 20%
Excess; 26.3%

http://www.cfcstanbicbank.co.ke...itResults31March2013.pdf


One then can only wonder why management cannot pay a meaningful dividend?!


Its a growth stock! Retained earnings powering the sky-scraping growth!!

With retained earnings, who needs a rights issue? just asking as I hold a couple of them.
Pesa Nane plans to be shilingi when he grows up.
Aguytrying
#45 Posted : Sunday, June 23, 2013 8:52:42 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
[quote=mibbz]up coming capital raising;perhaps another rights issue? do they have the thresholds required?

http://www.businessdaily.../-/tyx1yhz/-/index.html[/quote]

id wait for official communique, these biz daily guys can mess u up. rem kengen
The investor's chief problem - and even his worst enemy - is likely to be himself
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