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How to tell NSE has bottomed out
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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In addition, MIGA is providing USD 11.1m in coverage to CfC Stanbic Bank Limited covering its swap arrangement with Triumph to hedge against long-term interest rate risk via SIB Morning Brief.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:mwekez@ji wrote:the deal wrote:mwekez@ji wrote:the deal wrote:The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!!  Net Interest Margin = Yield on interest earning assets (%) - Cost of interest bearing liabilities (%) At Q1 2013, Yield on interest earning assets = 10.9% Cost of interest bearing liabilities = 2.8% Net Interest Margin = 10.9% - 2.8% = 8.1% Notice that "Lending Rate" is not the same as "Yield on interest earning assets" because we have bills and bonds in the class of interest earning assets Net Interest margin on new loans issued at 13.5% thats what I was calculating...Cost of funds (expenses on customer deposits/customer deposits X 100)....I didnt include things like yield on bonds....and other interest expenses in my calculation of cost of funds.... Cheers ... CFC is making good money Note that there was a sharp drop in customer deposit expenses in Q1 2013 this must be due to the strong adoption of the banks new current and saving accounts by new and existing clients...seen those billboards? In that case we can say the bank gained a competitive advantage over other banks...so others must watch out...CFC means business....at 13.5% very few folks will also default...so the bank gets to grow its loan book at double digits without compressing its margins...I think its fundamental... We concur mate. With this interest rate, the bank will attract volumes of business enabling to continue generating super profits. …. and the likes of @dunkang are still wondering where the money is coming from. chap needs money goggles
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:In addition, MIGA is providing USD 11.1m in coverage to CfC Stanbic Bank Limited covering its swap arrangement with Triumph to hedge against long-term interest rate risk via SIB Morning Brief. #Full Service Bank!!!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Johannesburg - Old Mutual, the UK’s third- largest insurer, said it plans to buy a controlling stake in Kenyan lender Faulu Kenya DTM to tap growth in Africa. The acquisition of the first deposit-taking microfinance company to be licensed by the Central Bank of Kenya is expected to be completed this year, London-based Old Mutual said in a statement today. http://www.iol.co.za/business/c...inance-company-1.1541424
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@hisah Liberty now at Sh12. Bulls make money...Bears make money. Thanks to someone who sold me at Sh9.20.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Liberty Kenya; Counter can easily shoot or plunge coz of liquidity constraints. I looked at it the day after the 9.20 and it dint have supply. Its now @12 that supply is ticking in ... @the deal, what your valuation of this counter and britam? 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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After 7 weeks of selling to oversold RSI levels the market looks poised to bounce some. NSE20 has tested 4580 objective. 4800 -4900 range will cap the bounce unless big volume kicks in. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Stock investors dump company data for social media sources http://www.businessdailyafrica....4/-/4ekd1dz/-/index.html ,,, w-a-z-u-a
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Harvesting season begins in earnest ahead of the CBK MPC meeting on Tuesday! #StayingWithMoney @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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cc Mw€k€za¿¡ @SufficientlyP
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sufficiently Philanga....thropic wrote:Harvesting season begins in earnest ahead of the CBK MPC meeting on Tuesday!
#StayingWithMoney Harvesting oil at Ngamia1! The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote: LQTM #M@kingMon€¥2013
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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OAN @SPT, today your MPESA Bank is looking good, green.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:OAN @SPT, today your MPESA Bank is looking good, green. ... all good > Safaricom share attracts top NSE billionaires > http://www.businessdailyafrica....6/-/1149kxi/-/index.html
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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what attracts in Mpesa bank, the dividents are peanuts and paid in Dec...so this cant be it.
It the book value for Mpesa bank that good...
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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mwekez@ji wrote:OAN @SPT, today your MPESA Bank is looking good, green. Feel good Friday feeling #TGIF @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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jerry wrote:Sufficiently Philanga....thropic wrote:Harvesting season begins in earnest ahead of the CBK MPC meeting on Tuesday!
#StayingWithMoney Harvesting oil at Ngamia1! #YouCantStopUsNow @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:mwekez@ji wrote:OAN @SPT, today your MPESA Bank is looking good, green. Feel good Friday feeling #TGIF ...  @VVS/KK aint on this feel
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Sufficiently Philanga....thropic wrote:jerry wrote:Sufficiently Philanga....thropic wrote:Harvesting season begins in earnest ahead of the CBK MPC meeting on Tuesday!
#StayingWithMoney Harvesting oil at Ngamia1! #YouCantStopUsNow Haha GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:mwekez@ji wrote:OAN @SPT, today your MPESA Bank is looking good, green. Feel good Friday feeling #TGIF KenyaRe #TGIF
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