The beauty of buying undervalued stocks and not chasing clearly overvalued ones is that the investor doesnt fear minor corrections. He had either already sold the now over valued stock or doesnt mind buying more. so a correction is another stab at money making

Not very encouraging results. The air of smelling Lions hiccups. Bank didn't grow loan book in first half nor did it grow deposits.

They basically made money by paying less for deposits and underproviding, NPL book growing sharply but provisions dropping or is it recoveries that went up. What happens when rates rise up sharply?

Simba yuko na SHIDA!

We have had that excuse from all the banks! It started with Equity who rightly argued that with government expenditure constricted, SME's were finding it hard to either find work or pay back some of their loans. This was a general hypothesis which is untested. Most of the other banks have gone ahead and hijacked this statement and have all of us believing they struggled because because government is yet to spend. My thinking is that most businesses have gone cold on debt because of the unpredictable nature of loans while a lot of loans have entered the NPL book especially construction loans and has nothing to do with government spending but all to do with limited offtake of inventory. Even the large borrowers in the market Total/ kenol Kobil are refinancing commercial bank debt with prefs, equity and CP's.

Since when did anything go up in a straight line... Is it rational to expect 60% from memba yearly??

I remember the story last year from @young and @the deal was that none of the big banks would be able to repeat 2012 results!

Apart from stan chart and Barclays all other banks have smashed 2012 results by double digits!
But still we have nye nye nye!!

@anyone. why is the share price sliding down?