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BBK Q3 results net profit up 11%
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madebe
#1 Posted : Friday, November 14, 2014 10:52:20 AM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
BBK 3 Q RESULTS

I see many people including the Admin is not a fan of this behemoth. Anyway 3rd Q results are out.

PBT 9.089 B
PAT 6.237 B

EPS 1.15

My full year EPS projection Kshs 1.5

My full year DPS kshs 0.75
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shocks
#2 Posted : Friday, November 14, 2014 10:58:41 AM
Rank: Member


Joined: 3/15/2009
Posts: 360
madebe wrote:
I see many people including the Admin is not a fan of this behemoth. Anyway 3rd Q results are out.

PBT 9.089 B
PAT 6.237 B

EPS 1.15

My full year EPS projection Kshs 1.5

My full year DPS kshs 0.75



how are growth nos. looking?
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madebe
#3 Posted : Friday, November 14, 2014 11:09:26 AM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
shocks wrote:
madebe wrote:
I see many people including the Admin is not a fan of this behemoth. Anyway 3rd Q results are out.

PBT 9.089 B
PAT 6.237 B

EPS 1.15

My full year EPS projection Kshs 1.5

My full year DPS kshs 0.75



how are growth nos. looking?


3Q 2013 EPS 1.03
3Q 2014 EPS 1.15 or 11% but last year they had a rstructuring charge of 788 M.

Quarters like by like, BBK is stagnant.....
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MaichBlack
#4 Posted : Friday, November 14, 2014 11:11:02 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
madebe wrote:
I see many people including the Admin is not a fan of this behemoth. Anyway 3rd Q results are out.

Very few fans here.

BBK shareholders, identify yourselves!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ericsson
#5 Posted : Friday, November 14, 2014 11:26:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
We jumped ship when growth stagnated and profits started tumbling.
Once growth resumes we will be back
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#6 Posted : Friday, November 14, 2014 11:37:54 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Ericsson wrote:
We jumped ship when growth stagnated and profits started tumbling.
Once growth resumes we will be back

So... never?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ericsson
#7 Posted : Friday, November 14, 2014 11:43:08 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
The new CEO is working to redeem the bank back to its growth phase.
Once fruits start being seeing these post will be different
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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ProverB
#8 Posted : Friday, November 14, 2014 12:00:58 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Growth curve plateau'd (sic) like 3 years ago.
Bank needs new vision and strategic plan on all levels of organization.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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KulaRaha
#9 Posted : Friday, November 14, 2014 12:01:09 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Growth based on what exactly?
Business opportunities are like buses,there's always another one coming
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MaichBlack
#10 Posted : Friday, November 14, 2014 1:17:00 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Ericsson wrote:
The new CEO is working to redeem the bank back to its growth phase.
Once fruits start being seeing these post will be different

KulaRaha wrote:
Growth based on what exactly?


Was wondering the same?

They can't just wake up one day and decided to open branches in a different country. Their growth prospects will most likely be limited to Kenya. And Kenya is a hard sell for them. They vomited on Kenyans' shoes when they were the big boys in town. It will be hard to lure the same Kenyans back.

Even new products and services will be viewed suspiciously given the number of Kenyans they have shafted! It's like Kanyari going on TV and saying he is now saved - for real. Very few will believe. They will imagine (and with good reason) it is just another chapter of his con job/life!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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madebe
#11 Posted : Friday, November 14, 2014 3:14:39 PM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
MaichBlack wrote:
Ericsson wrote:
The new CEO is working to redeem the bank back to its growth phase.
Once fruits start being seeing these post will be different

KulaRaha wrote:
Growth based on what exactly?


Was wondering the same?

They can't just wake up one day and decided to open branches in a different country. Their growth prospects will most likely be limited to Kenya. And Kenya is a hard sell for them. They vomited on Kenyans' shoes when they were the big boys in town. It will be hard to lure the same Kenyans back.

Even new products and services will be viewed suspiciously given the number of Kenyans they have shafted! It's like Kanyari going on TV and saying he is now saved - for real. Very few will believe. They will imagine (and with good reason) it is just another chapter of his con job/life!


This is a good bank that was laden with old imperialistic tendencies. True, it cant expand to the region, but lets be honest , many investments in the region are not that lucrative. Like Buffet say,the home country still has great potential that has not been fully exploited. I am a proud shareholder, i enter at 16.85-17 range and exit at 18-19 range.

Its dividend also keeps us going
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lochaz-index
#12 Posted : Friday, November 14, 2014 3:26:25 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
ProverB wrote:
Growth curve plateau'd (sic) like 3 years ago.
Bank needs new vision and strategic plan on all levels of organization.

I read somewhere that they are now trying to woo sme's in their new make over but I don't see them hacking it in that area given the preeminence of equity and dtb.
The main purpose of the stock market is to make fools of as many people as possible.
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muganda
#13 Posted : Friday, November 14, 2014 3:42:40 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
lochaz-index wrote:
ProverB wrote:
Growth curve plateau'd (sic) like 3 years ago.
Bank needs new vision and strategic plan on all levels of organization.

I read somewhere that they are now trying to woo sme's in their new make over but I don't see them hacking it in that area given the preeminence of equity and dtb.


Never thought I'd see the day when Barclays would say:
(sounds like a copy from CFCStanbic)
“Barclays Bank of Kenya’s focus for 2014 is about accelerating growth. Based on these numbers and the sound fundamentals which we continue to deliver we are confident that our plan to become one of Kenya’s top 3 banks by revenue by 2016 is on track”
https://www.facebook.com/notes/b...t-profit/713147255429281
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VituVingiSana
#14 Posted : Saturday, November 15, 2014 7:59:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
muganda wrote:
lochaz-index wrote:
ProverB wrote:
Growth curve plateau'd (sic) like 3 years ago.
Bank needs new vision and strategic plan on all levels of organization.

I read somewhere that they are now trying to woo sme's in their new make over but I don't see them hacking it in that area given the preeminence of equity and dtb.


Never thought I'd see the day when Barclays would say:
(sounds like a copy from CFCStanbic)
“Barclays Bank of Kenya’s focus for 2014 is about accelerating growth. Based on these numbers and the sound fundamentals which we continue to deliver we are confident that our plan to become one of Kenya’s top 3 banks by revenue by 2016 is on track”
https://www.facebook.com/notes/b...t-profit/713147255429281
And it was Number 1 by a HUGE margin not so long ago. Stanchart was a distant second. As for KCB, it was a pretender teetering on bankruptcy. How times have changed over the past decade.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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holycow
#15 Posted : Saturday, November 15, 2014 8:40:32 AM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
BBK has reintroduced ATM charges.
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sparkly
#16 Posted : Saturday, November 15, 2014 1:00:59 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
muganda wrote:
lochaz-index wrote:
ProverB wrote:
Growth curve plateau'd (sic) like 3 years ago.
Bank needs new vision and strategic plan on all levels of organization.

I read somewhere that they are now trying to woo sme's in their new make over but I don't see them hacking it in that area given the preeminence of equity and dtb.


Never thought I'd see the day when Barclays would say:
(sounds like a copy from CFCStanbic)
“Barclays Bank of Kenya’s focus for 2014 is about accelerating growth. Based on these numbers and the sound fundamentals which we continue to deliver we are confident that our plan to become one of Kenya’s top 3 banks by revenue by 2016 is on track”
https://www.facebook.com/notes/b...t-profit/713147255429281
And it was Number 1 by a HUGE margin not so long ago. Stanchart was a distant second. As for KCB, it was a pretender teetering on bankruptcy. How times have changed over the past decade.


For a long time they concentrated on growth by cutting costs. Firing employees, imposing ledger fees on savings accounts, money handling fees for deposits, shedding small borrowers for secure corporates. Their loan book is clean and would do well in an economic downturn but they missed the party at the bottom of the pyramid.
Life is short. Live passionately.
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Gatheuzi
#17 Posted : Saturday, November 15, 2014 1:24:23 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
MaichBlack wrote:
Ericsson wrote:
The new CEO is working to redeem the bank back to its growth phase.
Once fruits start being seeing these post will be different

KulaRaha wrote:
Growth based on what exactly?


Was wondering the same?

They can't just wake up one day and decided to open branches in a different country. Their growth prospects will most likely be limited to Kenya. And Kenya is a hard sell for them. They vomited on Kenyans' shoes when they were the big boys in town. It will be hard to lure the same Kenyans back.

Even new products and services will be viewed suspiciously given the number of Kenyans they have shafted! It's like Kanyari going on TV and saying he is now saved - for real. Very few will believe. They will imagine (and with good reason) it is just another chapter of his con job/life!

They need to woe the "super-young" i.e. those with no history of the snab game of the 90's.

To do this, they need young targeted products plus polish up the branches. Still can't understand why at KCB river road you only need to pick a ticket, take a seat and wait to be called by the queing system. If you cross over to Barclays Queensway, you have to first smile at the last pal on the queu to reserve your place as you go about filing the forms.

These among other old habits have to change for Barclays to deliver.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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kivairu
#18 Posted : Saturday, November 15, 2014 4:30:34 PM
Rank: Member


Joined: 3/5/2008
Posts: 532
Location: Nairobi
ProverB wrote:
Growth curve plateau'd (sic) like 3 years ago.
Bank needs new vision and strategic plan on all levels of organization.


And innovation, bbk and archaic are bed fellows, and a culture change to modernity!

Strive not to be a success, but rather to be of value. –Albert Einstein.
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young farmer
#19 Posted : Thursday, January 08, 2015 12:26:23 PM
Rank: New-farer


Joined: 9/25/2012
Posts: 58
Location: kenia
This sleeping giant need to make a move been stuck, within the price of 16-17ksh for long time.
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Gatheuzi
#20 Posted : Tuesday, March 10, 2015 7:11:26 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Gatheuzi wrote:
MaichBlack wrote:
Ericsson wrote:
The new CEO is working to redeem the bank back to its growth phase.
Once fruits start being seeing these post will be different

KulaRaha wrote:
Growth based on what exactly?


Was wondering the same?

They can't just wake up one day and decided to open branches in a different country. Their growth prospects will most likely be limited to Kenya. And Kenya is a hard sell for them. They vomited on Kenyans' shoes when they were the big boys in town. It will be hard to lure the same Kenyans back.

Even new products and services will be viewed suspiciously given the number of Kenyans they have shafted! It's like Kanyari going on TV and saying he is now saved - for real. Very few will believe. They will imagine (and with good reason) it is just another chapter of his con job/life!

They need to woe the "super-young" i.e. those with no history of the snab game of the 90's.

To do this, they need young targeted products plus polish up the branches. Still can't understand why at KCB river road you only need to pick a ticket, take a seat and wait to be called by the queing system. If you cross over to Barclays Queensway, you have to first smile at the last pal on the queu to reserve your place as you go about filing the forms.

These among other old habits have to change for Barclays to deliver.

It seems someone listened. There is an active queing system at Barclays, Queensway branch. Kudos mgtApplause Applause

People can now sit and wait for their token to be called instead of the traditional "follow me" method.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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