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CFC Stanbic Bank HY 2014 EPS up 52.42%
The optimist
#71 Posted : Thursday, November 27, 2014 1:14:53 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
The optimist
#72 Posted : Friday, January 30, 2015 3:27:33 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
This stock has been stuck in the 120-130 range for too long.
sparkly
#73 Posted : Friday, January 30, 2015 11:16:06 PM
Rank: Elder

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.
ike
#74 Posted : Saturday, January 31, 2015 12:27:47 AM
Rank: Member

Joined: 7/2/2014
Posts: 123
this year's bull run for banks may be a little suppressed as compared to the previous years
,
VituVingiSana
#75 Posted : Saturday, January 31, 2015 8:19:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
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
sparkly
#76 Posted : Saturday, January 31, 2015 8:47:41 PM
Rank: Elder

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.
VituVingiSana
#77 Posted : Monday, February 02, 2015 10:16:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
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
sparkly
#78 Posted : Monday, February 02, 2015 10:25:57 PM
Rank: Elder

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.
uchumi
#79 Posted : Monday, February 02, 2015 10:38:06 PM
Rank: Member

Joined: 9/16/2006
Posts: 234
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.”
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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