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KCB FY2014 results PBT up 18%
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:mwekez@ji wrote:mlennyma wrote:mwekez@ji wrote:littledove wrote:mlennyma wrote:the market is not reacting to the news meaning we should expect a good dip when the news fade a demand of 4.9 million shares at 59 which was placed yesterday is what is holding this share for now, the results are also not bad, a correction will be shallow The results are okay. They are in line with the expectations of many with that good result I would have expected a rally, there will be dry spells between now,first quarter and books close. The results were factored in the price. Think of it, at what price would you value KCB at the current EPS of Kes. 5.63 The volumes and price towards result wasnt convincing!!the price has failed to break over the 60 resistance in more than 5 cycles..Expect a correction to 52-54 levels And equity has started to chicken out in what was to be a good rally after breaking above the 51 handle #KCB#CFC Effects
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Metasploit wrote:Metasploit wrote:mwekez@ji wrote:mlennyma wrote:mwekez@ji wrote:littledove wrote:mlennyma wrote:the market is not reacting to the news meaning we should expect a good dip when the news fade a demand of 4.9 million shares at 59 which was placed yesterday is what is holding this share for now, the results are also not bad, a correction will be shallow The results are okay. They are in line with the expectations of many with that good result I would have expected a rally, there will be dry spells between now,first quarter and books close. The results were factored in the price. Think of it, at what price would you value KCB at the current EPS of Kes. 5.63 The volumes and price towards result wasnt convincing!!the price has failed to break over the 60 resistance in more than 5 cycles..Expect a correction to 52-54 levels And equity has started to chicken out in what was to be a good rally after breaking above the 51 handle #KCB#CFC Effects I still believe equity share has factored assumed income which might not come "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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Metasploit wrote:Metasploit wrote:mwekez@ji wrote:mlennyma wrote:mwekez@ji wrote:littledove wrote:mlennyma wrote:the market is not reacting to the news meaning we should expect a good dip when the news fade a demand of 4.9 million shares at 59 which was placed yesterday is what is holding this share for now, the results are also not bad, a correction will be shallow The results are okay. They are in line with the expectations of many with that good result I would have expected a rally, there will be dry spells between now,first quarter and books close. The results were factored in the price. Think of it, at what price would you value KCB at the current EPS of Kes. 5.63 The volumes and price towards result wasnt convincing!!the price has failed to break over the 60 resistance in more than 5 cycles..Expect a correction to 52-54 levels And equity has started to chicken out in what was to be a good rally after breaking above the 51 handle #KCB#CFC Effects pace setters are always very important, the market will be shaken, the counters i have in my portfolio reports late march and early april, i feel some how worried by the trend set today There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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D&B Commentary Quote:
Our view.
We expect a further growth in loan book in 2015 driven by increased appetite for credit. Personal loans and Agricultural loans will be the key drivers of this growth.
We expect accelerated growth in non-interest income driven by increased use and efficiencies in the bank’s alternative channels such as agency banking, mobile banking and Bancassuarance.
Non-performing loans have come down significantly.
However, we expect the NPL ratios to remain at c.6-6.5
percent driven by more uptake of personal loans.
Customer deposits are expected to maintain the fast growth, mainly from increased customer numbers and further integration and use of the mobile banking platform.
Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 10/26/2012 Posts: 136
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Pesa Nane wrote:D&B Commentary Quote:
Our view.
We expect a further growth in loan book in 2015 driven by increased appetite for credit. Personal loans and Agricultural loans will be the key drivers of this growth.
We expect accelerated growth in non-interest income driven by increased use and efficiencies in the bank’s alternative channels such as agency banking, mobile banking and Bancassuarance.
Non-performing loans have come down significantly.
However, we expect the NPL ratios to remain at c.6-6.5
percent driven by more uptake of personal loans.
Customer deposits are expected to maintain the fast growth, mainly from increased customer numbers and further integration and use of the mobile banking platform.
If this region of the world is seen as the powerhouse of the next economic boom then KCB is well posed to explode but so are equity and i hope safcom diversify into home internet and tv properly. I agree with the above in that Banks like KCB and Equity going to grow. I feel that definatley though rates on borrowings and savings will drop as demand for loans increases i see this stock pre 2017 election touching near 80
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Rank: Member Joined: 2/8/2007 Posts: 808
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The price had factored in the results. Once the big buyer in the market is done buying we will be back to 55 till Q1 results.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Kausha wrote:The price had factored in the results. Once the big buyer in the market is done buying we will be back to 55 till Q1 results. say 55 and below, that big order was there before the results even,it will not be surprising to find it withdrawn "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Ratios for the past five years are at http://rwandainvestor.co...ommercial-bank/ratios/.
2014Profitability Return on Assets: 3.4% Return on Equity: 22.3% Net Interest Margin: 9.7% Interest Expense/Interest Income: 24.3% Cost of Funds: 3.2% Efficiency Cost/Income Ratio: 50.2% Costs/Average Assets: 7.8% Personnel Costs/Total Operating Costs: 41.8% Personnel Costs/Average Total Assets: 3.2% Personnel Costs/Total Operating Income: 24.7% Net Income/Total Operating Income: 29.1% Total Operating Income/Average Assets: 13.2% Liquidity Net Loans/Total Assets: 57.9% Total Deposits/Total Assets: 79.9% Total Deposits/Total Liabilities: 94.4% Interbank Borrowings/Total Deposits: 3.3% Interest Earning Assets/Total Assets: 85.3% Leverage (Total Liabilities/Equity), Times: 5.5 Asset Quality NPL Coverage Ratio: 59.4% Capital Adequacy Core Capital/Risk Weighted Assets: 17.1% Total Regulatory Capital/Risk Weighted Assets: 21.0%
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Digestion of results is getting on well. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 8/19/2014 Posts: 125
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The future plans of KCB that were not announce to shareholders, regional expansion and the various business opportunities KCB is targeting outside Kenya....I see bright future RINK: https://www.youtube.com/watch?v=rHpctQ9xPZU
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 6/15/2013 Posts: 301
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Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. WTH.....they should not be allowed to change dates willy nilly...we sometimes base our investment decisions with respect to book closure.....
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Rank: Member Joined: 7/2/2014 Posts: 123
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Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. link please ,
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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ike wrote:Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. link please  Page 2Page 3Page 4Page 5Page 6Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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mulla wrote:Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. WTH.....they should not be allowed to change dates willy nilly...we sometimes base our investment decisions with respect to book closure..... This is wrong. Where is CMA in all this!
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Rank: Member Joined: 7/2/2014 Posts: 123
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The optimist wrote:mulla wrote:Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. WTH.....they should not be allowed to change dates willy nilly...we sometimes base our investment decisions with respect to book closure..... This is wrong. Where is CMA in all this! Hope they don't revert some more because I just made a major decision based on this new info. ,
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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ike wrote:The optimist wrote:mulla wrote:Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. WTH.....they should not be allowed to change dates willy nilly...we sometimes base our investment decisions with respect to book closure..... This is wrong. Where is CMA in all this! Hope they don't revert some more because I just made a major decision based on this new info. ndege akila chembechembe ya mkate juu ya mti, wadudu wadogo walio chini pia hufaidika. Let some of us the late buyers feed too.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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At 65 it was a clear sell,down 7bob this is huge,we make gains but fail to lock them in.and buy back "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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The optimist wrote:mulla wrote:Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. WTH.....they should not be allowed to change dates willy nilly...we sometimes base our investment decisions with respect to book closure..... This is wrong. Where is CMA in all this! What is wrong? They are merely saying books will be closed on 19th, after passing of the resolution at the AGM. Books closure and AGMs are separate events which can have different dates.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Gordon Gekko wrote:The optimist wrote:mulla wrote:Pesa Nane wrote:Quote:NOTICE OF THE 44TH ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 44TH ANNUAL GENERAL MEETING of the Shareholders of KENYA COMMERCIAL BANK LIMITED will be held at the Tsavo Ballroom, Kenyatta International Conference Centre, Nairobi, on Friday, 15th May, 2015 at 11.00 a.m. when the following business will be transacted, namely:
.....
Dividend
To declare a first and final dividend of KES 2 per Share and approve the closure of the Register of Members on 19th May, 2015, after the Annual General Meeting. WTH.....they should not be allowed to change dates willy nilly...we sometimes base our investment decisions with respect to book closure..... This is wrong. Where is CMA in all this! What is wrong? They are merely saying books will be closed on 19th, after passing of the resolution at the AGM. Books closure and AGMs are separate events which can have different dates. @GG go through this www.wazua.co.ke/investor/corporateevents.aspxNote the change in dates..Rem the dates given inform ones deciscions. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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KCB FY2014 results PBT up 18%
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