Wazua
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Stanbic Uganda FY 2013 net profit down 22%
Rank: Elder Joined: 9/15/2006 Posts: 3,907
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The question is what is not DOWN as far as Stanbic Bank Uganda FY 2013 results go...
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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What's StanBic's Current Price? The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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A large part of SBU's business was dependent on South Sudan so a drop in the business generated in SS due to the ongoing conflict must have taken a toll. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VituVingiSana wrote:A large part of SBU's business was dependent on South Sudan so a drop in the business generated in SS due to the ongoing conflict must have taken a toll. UG's dry donor taps, econ slowdown and SS conflict still on means the bad results leak into 2014. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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jerry wrote:What's StanBic's Current Price? Currently trading at ugx30
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Stanbic Uganda FY 2013 net profit down 22%
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