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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
Rank: Member

Joined: 6/14/2010
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
Rank: Elder

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
Rank: Chief

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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  | | Edit by user: Saturday, November 08, 2014 9:39 AM | Reason: Not specified
hisah
#67 Posted : Saturday, November 08, 2014 11:33:18 AM
Rank: Chief

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
Rank: Chief

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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  | | Edit by user: Saturday, November 08, 2014 11:58 AM | Reason: Not specified
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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