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KCB HY14 PBT Up 16%
Ericsson
#1 Posted : Thursday, July 31, 2014 8:25:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
KCB reports Half year PBT up 16% to ksh.11.7bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2 Posted : Thursday, July 31, 2014 8:34:36 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Customer deposits up 22% to ksh.351bn from ksh.287bn and now comprise 80% of the banks asset base.
Kenya contributed 91% of the profits.
South Sudan contribted 7.1%;target was 8%
Bancassurance contributed 1%.
Non-performing loans is at at 6%;target is 4.3%.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#3 Posted : Thursday, July 31, 2014 8:37:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Total assets up Up 19% from KShs 370.91bn to KShs 439.70bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#4 Posted : Thursday, July 31, 2014 8:44:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Fees and commissions: Up 13% from KShs 5.03bn to KShs 5.67bn
Long term debt funding: Up 60% from KShs 8.21bn to KShs 13.12bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#5 Posted : Thursday, July 31, 2014 9:24:30 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Equity just needs to roll out that thing to beat this lion hands down.
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#6 Posted : Thursday, July 31, 2014 9:32:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@mlenyama how much profit do you expect finserve will be contributing to the bottomline
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#7 Posted : Thursday, July 31, 2014 9:40:32 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Hahaaa,banking traffic has shifted to mobile and safcom is almost eating that single handedly,so if it picks its huge than you think and not less than a billion.to be fair just take a quarter of what mpesa contributes to safcom and give equity for a start.
"Don't let the fear of losing be greater than the excitement of winning."
The optimist
#8 Posted : Thursday, July 31, 2014 9:52:06 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
Ericsson wrote:
KCB reports Half year PBT up 16% to ksh.11.7bn

Not as good as Q1. Equity is surely catching up
Ericsson
#9 Posted : Thursday, July 31, 2014 10:04:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@The optimist;I like your optmism;
Equity 2014 Q1 PBT was ksh.5.4bn and HY ksh.10.8bn
KCB 2014 Q1 PBT ksh.5.6bn and HY Ksh.11.7bn

The gap is widening as the year progresses;equity needs to look up for something to narrow it and they are looking at Finserve.
Let's see how events unfold
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#10 Posted : Thursday, July 31, 2014 10:09:06 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Equity doubled their counter withdrawal fees and the full contribution will be felt in 2H
"Don't let the fear of losing be greater than the excitement of winning."
tajiriaggrey
#11 Posted : Thursday, July 31, 2014 10:14:11 AM
Rank: New-farer


Joined: 7/29/2014
Posts: 10
Location: BUNGOMA
Applause
Tall Order
#12 Posted : Thursday, July 31, 2014 12:04:45 PM
Rank: Member


Joined: 5/9/2014
Posts: 130
Location: Nairobi
KCB has a good outlook and with peace restored in South Sudan, maybe the target missed on that front will be made up in the remaining months of the year, but only if peace holds there.

Kenya's contribution is healthy and these fellows are prudent in their approach. Good stock going forward.
muganda
#13 Posted : Monday, August 04, 2014 10:20:10 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Can't find where the rumour was first posted, about some petty cash anomalies, but here it is in the news...

KCB replaces CFO http://www.businessdailyafrica....8/-/kfn20iz/-/index.html

Akenyan2014
#14 Posted : Monday, August 04, 2014 10:34:33 AM
Rank: Member


Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
Tall Order wrote:
KCB has a good outlook and with peace restored in South Sudan, maybe the target missed on that front will be made up in the remaining months of the year, but only if peace holds there.

Kenya's contribution is healthy and these fellows are prudent in their approach. Good stock going forward.


Why the exit of foreign investors?
Angelica _ann
#15 Posted : Monday, August 04, 2014 10:48:36 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
From the article in BD;

“From the price rally of the past year, there is an aspect of profit-taking as well as the share having been deemed expensive in valuation, although from the first-half results this has been shown not to be the case with a price to earnings ratio of around 10 against the sector’s 11.5,” said Kestrel Capital analyst Kuria Kamau.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Goldilocks Reloaded
#16 Posted : Monday, August 04, 2014 12:39:57 PM
Rank: Member


Joined: 1/14/2014
Posts: 178
Foreigners seem to have read the BD article and are coming back heavily today. Last week also saw quite a huge uptake from them. This war between Lion and Member will be quite interesting moving forward.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
The optimist
#17 Posted : Monday, August 04, 2014 12:56:08 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
New 52 week high of 56 printed
Goldilocks Reloaded
#18 Posted : Monday, August 04, 2014 1:42:19 PM
Rank: Member


Joined: 1/14/2014
Posts: 178
57 actually
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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