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Cfc stanbic Q1 2014 PAT up 59%
MaichBlack
#21 Posted : Tuesday, May 13, 2014 12:53:27 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,589
There were guys who were waiting for this stock at 110/=

I think you might just get in at that price! If there is a split some time in future!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#22 Posted : Tuesday, May 13, 2014 12:55:26 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,589
Mucene wrote:
Already regretting alighting from this busBrick wall Brick wall Brick wall

It might have been worse. You could have taken your proceeds to home Africa!!! He he he. Or did you???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Cammarada
#23 Posted : Tuesday, May 13, 2014 2:27:55 PM
Rank: Member


Joined: 8/14/2007
Posts: 20
Ever heard of "Serendipity"!!
Told broker to sell, then she forgot. Now I don't know whether to spank or congratulate her.
MaichBlack
#24 Posted : Tuesday, May 13, 2014 2:37:51 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,589
Cammarada wrote:
Ever heard of "Serendipity"!!
Told broker to sell, then she forgot. Now I don't know whether to spank or congratulate her.

..... the nice way!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

How much was she to sell at? When?

But be careful. If the orders have no expiry period, she might just sell or "sell"!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Cammarada
#25 Posted : Tuesday, May 13, 2014 3:31:28 PM
Rank: Member


Joined: 8/14/2007
Posts: 20
MaichBlack wrote:
Cammarada wrote:
Ever heard of "Serendipity"!!
Told broker to sell, then she forgot. Now I don't know whether to spank or congratulate her.

..... the nice way!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

How much was she to sell at? When?

But be careful. If the orders have no expiry period, she might just sell or "sell"!


That was when it was still dancing at 58/=!!
If she dares now, that will be a personal vendetta!
Mucene
#26 Posted : Tuesday, May 13, 2014 4:09:12 PM
Rank: Member


Joined: 8/4/2012
Posts: 155
Location: Kenya
MaichBlack wrote:
Mucene wrote:
Already regretting alighting from this busBrick wall Brick wall Brick wall

It might have been worse. You could have taken your proceeds to home Africa!!! He he he. Or did you???


Still holding cash awaiting good bargains
If you don't want to go to plan B have a good plan A.
dunkang
#27 Posted : Tuesday, May 13, 2014 4:28:39 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Mucene wrote:
MaichBlack wrote:
Mucene wrote:
Already regretting alighting from this busBrick wall Brick wall Brick wall

It might have been worse. You could have taken your proceeds to home Africa!!! He he he. Or did you???


Still holding cash awaiting good bargains

Aisee, utangoja uchoke. At the current economic outlook and prices of MOST stocks, no bargains are forth coming, at least not in the next 12 months. Vitu zinapanda tu, hapana kushuka.
Receive with simplicity everything that happens to you.” ― Rashi

MaichBlack
#28 Posted : Tuesday, May 13, 2014 4:37:05 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,589
Mucene wrote:
MaichBlack wrote:
Mucene wrote:
Already regretting alighting from this busBrick wall Brick wall Brick wall

It might have been worse. You could have taken your proceeds to home Africa!!! He he he. Or did you???


Still holding cash awaiting good bargains

You alighted at how much?

But don't blame yourself. At times it is very tempting to alight - and you alight too early. Or you might hold on too long and then the price heads south at a very high speed and you don't get to lock in the gains.

For long termers like me, it doesn't matter much but for huge price fluctuations it's a big deal. For example, if the price were to go back to sub 50/=, I would wish I had sold off the lot at 150/= and bought back at sub 50/=. I end up with thrice the number of shares without adding a single cent!

Actually if you go through most threads at the moment, the biggest dilemma most people [including me] have is at what point to alight.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
dunkang
#29 Posted : Tuesday, May 13, 2014 4:48:44 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Just updated my fair price, wake me up at 208/- (previously 168/-). Anything less ni kutupa mbao!
Receive with simplicity everything that happens to you.” ― Rashi

yosie14
#30 Posted : Tuesday, May 13, 2014 4:55:01 PM
Rank: Member


Joined: 12/17/2013
Posts: 118
MaichBlack wrote:
Mucene wrote:
Already regretting alighting from this busBrick wall Brick wall Brick wall

It might have been worse. You could have taken your proceeds to home Africa!!! He he he. Or did you???


Ei yawa itaafika huko kweli?
When do you expect it to hit ur target?
KCB,NMG,PAFR
Njung'e
#31 Posted : Tuesday, May 13, 2014 5:33:24 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
I played this in late Nov 2010 at Kshs 88 and also put in money on CFCI at 6.50 in April of 2011.Who knows why i am mad at myself??Sad Sad Brick wall Brick wall
Nothing great was ever achieved without enthusiasm.
Aguytrying
#32 Posted : Tuesday, May 13, 2014 5:43:07 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Njung'e wrote:
I played this in late Nov 2010 at Kshs 88 and also put in money on CFCI at 6.50 in April of 2011.Who knows why i am mad at myself??Sad Sad Brick wall Brick wall


you didn't buy enough?
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#33 Posted : Tuesday, May 13, 2014 5:45:31 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
I regret selling half at 108.00 but not that much, the more it gains. it erases that pain. take home: avoid selling all of a good company
The investor's chief problem - and even his worst enemy - is likely to be himself
Njung'e
#34 Posted : Tuesday, May 13, 2014 6:30:43 PM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Aguytrying wrote:
Njung'e wrote:
I played this in late Nov 2010 at Kshs 88 and also put in money on CFCI at 6.50 in April of 2011.Who knows why i am mad at myself??Sad Sad Brick wall Brick wall


you didn't buy enough?


Nope.CFCI has tripled it's worth,CFC isn't near that.Now you know where i should have put all that money??
Nothing great was ever achieved without enthusiasm.
mlennyma
#35 Posted : Tuesday, May 13, 2014 6:43:24 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
I hate selling to regret but it must find you one day
"Don't let the fear of losing be greater than the excitement of winning."
Angelica _ann
#36 Posted : Tuesday, May 13, 2014 7:06:22 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,924
my recovery set @ 1/3 of holdings was surpassed at 123.75. Now i can only watch and wait. will calculate 1/4 now set at 165. but i will be strong untill 1/5 at 205.5 bob. It will come in this year 2014!

In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
MaichBlack
#37 Posted : Tuesday, May 13, 2014 7:59:14 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,589
Njung'e wrote:
Aguytrying wrote:
Njung'e wrote:
I played this in late Nov 2010 at Kshs 88 and also put in money on CFCI at 6.50 in April of 2011.Who knows why i am mad at myself??Sad Sad Brick wall Brick wall


you didn't buy enough?


Nope.CFCI has tripled it's worth,CFC isn't near that.Now you know where i should have put all that money??

@guka - Usiwe hivyo! You put money in counters that have appreciated. Some more than others. That happens. You are in two buses that are behaving. Enjoy the ride.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
georgegop
#38 Posted : Tuesday, May 13, 2014 8:51:14 PM
Rank: Member


Joined: 8/30/2010
Posts: 183
Location: Migingo
Cfc Stanbic Holdings Ltd ( HOLD, KSh 119.00 )
■ Net income up 59% y/y : CfC Stanbic Bank net income growth of 59% y/y to Ksh1.6bn is the strongest performance to date this Q1:14 reporting season. On a quarterly basis, net income declined by 5% likely due to higher operating expenses which grew by 60% compared to Q4:13.
■ Net interest margin improvement of 10bps y/y: NII is 39% of total income vs. industry average of c.60% (our calculations). The bank achieved a 10bps y/y increase in net interest margins where some of its peers actually experienced a decline in margins over the same period. This was mainly driven by growth in interest income from loans supported by 12.5% y/y loan growth, and income from government securities (+87% y/y Ksh655m).
■ NOI contribution moves from 52% to 61% of total income in Q1:14: Non-interest income grew by 43% y/y and 40% q/q to Ksh3bn in Q1:14. The strong yearly performance was driven by fees and commissions income growth +46%y/y and FX trading income growth of 34% over the same period. But on a q/q basis, Q1:14 vs. Q4:13, FX trading income and fees and commissions income actually declined by 10% and 5% respectively.
■ CIR of 52% in line with bank medium term target: In our note on CfC Stanbic Bank, (Earnings and TP upgrade, maintain HOLD, 10 March 2014) we flagged that FY13A earnings benefited from a 10 point y/y drop in the banks cost to income ratio. The details show that Q1:14 CIR of 52% has deteriorated by 13 points when compared to Q4:13 CIR of 39% where lower operating costs were due to non-recurring projects costs. The banks Q1:14 CIR of 52% is actually in line with FY13A 50% and 6 percentage points below Q1:13 CIR of 58%.
■ NPL ratio improves: The banks NPL at Ksh1.6bn grew by 37% y/y but actually declined by 8% on a quarterly basis. NPL ratio improved by 40bps to 2.2% in Q1:14 vs. Q4:13 on our calculations. Q1:14 impairment charge of Ksh203m in line with average of the past few quarters.
■ Capital remains healthy: The banks core capital to RWA of 17.1% implies a capital buffer of over 6% above the new regulatory minimum of 10.5%. Deposits declined by 6% q/q while loans and advances grew by 9% leading to a jump in the banks’ loan/deposits ratio to 84% compared to 72% in Q4:13.
■ Valuation: We have a HOLD recommendation of CfC Stanbic Bank with a TP of Ksh119. On our numbers the bank trades on a FY14E P/E of 9x and P/B of 2x. We see scope for near term profit taking. Please refer to our last published note on CfC Stanbic Bank for detailed company disclosure.
Don't Work for Money, Let Money Work for You..
VituVingiSana
#39 Posted : Wednesday, May 14, 2014 5:46:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,225
Location: Nairobi
Cammarada wrote:
Ever heard of "Serendipity"!!
Told broker to sell, then she forgot. Now I don't know whether to spank or congratulate her.
Depends. Is she hot?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mainat
#40 Posted : Wednesday, May 14, 2014 6:23:16 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
What is CFC doing that others are not doing? Do the numbers stuck up given where the economy is?
Sehemu ndio nyumba
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