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CFC Stanbic Bank HY 2014 EPS up 52.42%
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sparkly
#61 Posted : Monday, October 27, 2014 5:52:55 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
muganda wrote:
Magnate wrote:

CfC Stanbic Bank has borrowed Sh14 billion from the international market for lending to corporates and businesses in Kenya.
http://www.nation.co.ke/busines...0/-/b3fvrrz/-/index.html


Gosh! LIBOR trading at all time lows.

In the same week government raises 16bn at 11.263 in a 12 year bond, CFC Stanbic goes and obtains 14bn at 3.04% (1 year Libor +0.5) !!! Of all the banks and rights issues this year, this one knocks it out of the ball park.


KES vs USD


Need to hedge, or lend in Dollars
Life is short. Live passionately.
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The optimist
#62 Posted : Friday, November 07, 2014 12:29:50 PM
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Posts: 521
Location: Nairobi
Touching lows of 115/- today.
Wonder whether Q3 results will stir any gain in price.
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sparkly
#63 Posted : Friday, November 07, 2014 5:35:50 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
The optimist wrote:
Touching lows of 115/- today.
Wonder whether Q3 results will stir any gain in price.


Bears are winning at the NSE. No telling how low it will go and for how long. But still a good investment.
Life is short. Live passionately.
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Kagame
#64 Posted : Friday, November 07, 2014 10:02:10 PM
Rank: New-farer


Joined: 4/1/2014
Posts: 47
Well,the CMA is advocating amendment of foreigners quota upto 100%.if successful and done within the year then there is hope for a good increment.otherwise the share will remain depressed.i bid today @115 and hope I pick some.i concur that the bear is with us as prospects of buying kcb @50,equity @45,cic@9 and safaricom(after results excitement)@11.50 appear to me not too far fetched.the entire rally June to Sept may be reversed.
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hisah
#65 Posted : Saturday, November 08, 2014 8:04:07 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The discount is very welcome. The lower the price goes the better. This firm has a 14B pool for onward lending and sourced cheaply (3%) and can easily offer very competitive lending rates to corporates/multinationals in KE. Focus is corporate lending esp hydrocarbon and industrial sectors.

Very cheap bank stock if you look at the future of hydrocarbons, infrastructure and mining. If they end up above kcb or member in a few years time, I won't be shocked.

My only long term play in KE and my greed will return if price breaks below 100. That will be a nice discount.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#66 Posted : Saturday, November 08, 2014 9:30:34 AM
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Joined: 1/13/2011
Posts: 5,964
hisah wrote:
The discount is very welcome. The lower the price goes the better. This firm has a 14B pool for onward lending and sourced cheaply (3%) and can easily offer very competitive lending rates to corporates/multinationals in KE. Focus is corporate lending esp hydrocarbon and industrial sectors.

Very cheap bank stock if you look at the future of hydrocarbons, infrastructure and mining. If they end up above kcb or member in a few years time, I won't be shocked.

My only long term play in KE and my greed will return if price breaks below 100. That will be a nice discount.


As EBL matches that;

AfDB approves US $148 million Line of Credit to Equity Bank Limited http://www.afdb.org/en/n...ity-bank-limited-13733/

True. Banks need that cheaper funding, senior debt and all.

I think the recalibration along KBRR is taking envisioned effect. Looking at the CBK Q3 review, sector profitability is down 11% between June & Sept. 2014. 37.6B v 33.5B
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hisah
#67 Posted : Saturday, November 08, 2014 11:33:18 AM
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Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
hisah wrote:
The discount is very welcome. The lower the price goes the better. This firm has a 14B pool for onward lending and sourced cheaply (3%) and can easily offer very competitive lending rates to corporates/multinationals in KE. Focus is corporate lending esp hydrocarbon and industrial sectors.

Very cheap bank stock if you look at the future of hydrocarbons, infrastructure and mining. If they end up above kcb or member in a few years time, I won't be shocked.

My only long term play in KE and my greed will return if price breaks below 100. That will be a nice discount.


As EBL matches that;

AfDB approves US $148 million Line of Credit to Equity Bank Limited http://www.afdb.org/en/n...ity-bank-limited-13733/

True. Banks need that cheaper funding, senior debt and all.

I think the recalibration along KBRR is taking envisioned effect. Looking at the CBK Q3 review, sector profitability is down 11% between June & Sept. 2014. 37.6B v 33.5B

Interesting. At what rate did AFDB lend to EBL?

That CBK Q3 report is now aligning with my expectations since KE econ is on a slump.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#68 Posted : Saturday, November 08, 2014 11:49:56 AM
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Joined: 1/13/2011
Posts: 5,964
The rate isn't disclosed. I think EBL jumped through the hoop after AfDB opened non-concessional borrowing to KE. Covered on the KE econ. watch thread.

Loans btwn June & Sept. rose 7%. Mostly to productive sectors. In line with my expectations of keeping discretionary goods from crowding the import window long as possible.
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Mukiri
#69 Posted : Saturday, November 08, 2014 12:01:00 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
hisah wrote:
The discount is very welcome. The lower the price goes the better. This firm has a 14B pool for onward lending and sourced cheaply (3%) and can easily offer very competitive lending rates to corporates/multinationals in KE. Focus is corporate lending esp hydrocarbon and industrial sectors.

Very cheap bank stock if you look at the future of hydrocarbons, infrastructure and mining. If they end up above kcb or member in a few years time, I won't be shocked.

My only long term play in KE and my greed will return if price breaks below 100. That will be a nice discount.

KPLC?

Proverbs 19:21
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Metasploit
#70 Posted : Saturday, November 08, 2014 3:28:34 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
hisah wrote:
The discount is very welcome. The lower the price goes the better. This firm has a 14B pool for onward lending and sourced cheaply (3%) and can easily offer very competitive lending rates to corporates/multinationals in KE. Focus is corporate lending esp hydrocarbon and industrial sectors.

Very cheap bank stock if you look at the future of hydrocarbons, infrastructure and mining. If they end up above kcb or member in a few years time, I won't be shocked.

My only long term play in KE and my greed will return if price breaks below 100. That will be a nice discount.


This has failed to break above 130 severally on a 6 months period.

It set a new resistance at 125-126.

Bears have been testing how low the stock can go and tried 120 then 116 and latest was 115.

Next support poking will be at 110 after which 100 will be tested.

Am just surprised at the lack of demand on this counter.

# surprised at your trading in the future and hoping(MSC)

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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The optimist
#71 Posted : Thursday, November 27, 2014 1:14:53 PM
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The optimist
#72 Posted : Friday, January 30, 2015 3:27:33 PM
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Joined: 6/14/2010
Posts: 521
Location: Nairobi
This stock has been stuck in the 120-130 range for too long.
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sparkly
#73 Posted : Friday, January 30, 2015 11:16:06 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
The optimist wrote:
This stock has been stuck in the 120-130 range for too long.


KES 250, my exit price...
Life is short. Live passionately.
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ike
#74 Posted : Saturday, January 31, 2015 12:27:47 AM
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Joined: 7/2/2014
Posts: 123
this year's bull run for banks may be a little suppressed as compared to the previous years
,
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VituVingiSana
#75 Posted : Saturday, January 31, 2015 8:19:07 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
sparkly wrote:
The optimist wrote:
This stock has been stuck in the 120-130 range for too long.


KES 250, my exit price...
What time frame? Coz 250 is easily doable if you can wait 10 years!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#76 Posted : Saturday, January 31, 2015 8:47:41 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
The optimist wrote:
This stock has been stuck in the 120-130 range for too long.


KES 250, my exit price...
What time frame? Coz 250 is easily doable if you can wait 10 years!


2 years. With 30-50% growth in earnings, we reach that valuation when the 2016 results are announced.
Life is short. Live passionately.
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VituVingiSana
#77 Posted : Monday, February 02, 2015 10:16:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
The optimist wrote:
This stock has been stuck in the 120-130 range for too long.


KES 250, my exit price...
What time frame? Coz 250 is easily doable if you can wait 10 years!


2 years. With 30-50% growth in earnings, we reach that valuation when the 2016 results are announced.

CFCS has very volatile earnings coz its South Sudan subsidiary + income from trading forex & bonds. I expect it will do well but I doubt it can do 30-50% for 2 years running.

2014 over 2013 should be good but reflected in the price.
2015 & 2016 (announced in 2017 - election year) will be competitive as other banks bulk up to compete for corporate customers and cross-border deals.

Nedbank has a representative office in Nairobi for those SA-Kenya deals [in conjunction with a local bank] to compete with CFCS. Barclays/ABSA plays in the same space.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#78 Posted : Monday, February 02, 2015 10:25:57 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
The optimist wrote:
This stock has been stuck in the 120-130 range for too long.


KES 250, my exit price...
What time frame? Coz 250 is easily doable if you can wait 10 years!


2 years. With 30-50% growth in earnings, we reach that valuation when the 2016 results are announced.

CFCS has very volatile earnings coz its South Sudan subsidiary + income from trading forex & bonds. I expect it will do well but I doubt it can do 30-50% for 2 years running.

2014 over 2013 should be good but reflected in the price.
2015 & 2016 (announced in 2017 - election year) will be competitive as other banks bulk up to compete for corporate customers and cross-border deals.

Nedbank has a representative office in Nairobi for those SA-Kenya deals [in conjunction with a local bank] to compete with CFCS. Barclays/ABSA plays in the same space.


Let's see what 2014 has to offer...
Life is short. Live passionately.
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uchumi
#79 Posted : Monday, February 02, 2015 10:38:06 PM
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Joined: 9/16/2006
Posts: 229
http://www.businessdaily...0/-/vtrnd1z/-/index.html
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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hisah
#80 Posted : Tuesday, February 03, 2015 5:55:38 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
uchumi wrote:
http://www.businessdailyafrica.com/Banks-defy-new-loan-pricing-tool-to-rake-in-Sh141bn/-/539552/2610950/-/vtrnd1z/-/index.html

Banking sector PBT for 2014 is 13.5% vs 16.9% in 2013. Down 20.1%... This means net interest margin will also be on reversal.

Waiting for those banking FY results to see how Q4 was padded with asset sales to try and beautify that stark reality.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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