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

..... the nice way!



How much was she to sell at? When?

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

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.

Ei yawa itaafika huko kweli?
When do you expect it to hit ur target?

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??

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!

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.

What is CFC doing that others are not doing? Do the numbers stuck up given where the economy is?