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DTB FY14 results profit after tax up 9%
Pesa Nane
#1 Posted : Thursday, March 12, 2015 9:31:24 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
DTB FY14


https://www.nse.co.ke/listed-com...t-bank-full-year-results
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Thursday, March 12, 2015 9:33:01 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Loans and Advances 17.3 Vs 14.1
Total Interest Income 20.8 Vs 17.2
Total Interest expense 8.0 vs 6.2

Net Interest Income 12.8 Vs 11.0
Non Interest Income 3.8 Vs 3.4

Total Operating Income 16.6 Vs 14.4
Total Operating Expense 8.1 Vs 7.1

PBT 8.5 Vs 7.2

PAT 5.7 Vs 5.2

EPS 21.92 Vs 20.97

Dividend Ksh. 2.40 Vs 2.10

Annual General Meeting to be held at Laico Regency Hotel, Crystal Ballroom, Nairobi, on 14 May 2015

Share Register of the Bank will be closed from 14 May 2015 to 15 May 2015 both dates inclusive and payment of dividend due to Shareholders on the Register as at the close of business on 15 May 2015, will be made on or about 12 June 2015.
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#3 Posted : Thursday, March 12, 2015 6:57:57 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
KEY RATIOS:

Cost Income Ratio 48.7% Vs 49.7%
Net Interest Margin 6.9% Vs 7.6%
NPL Ratio 1.2% Vs 1.1%

D&B Commentary

Quote:

Our view.

 We expect net interest income to grow going forward due to accelerated regional expansion initiatives supported by a larger capital base creating greater potential for loan book growth

 We expect high quality loan book and prudent NPL provisions to be sustained going forward as the Bank has historically had lower non performing ratios.

 : The Key risk: company faces stiff competition from its peers who have a larger capital base, have also ventured into regional market and have diversified away from traditional banking business
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#4 Posted : Friday, March 13, 2015 9:19:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
A quality bank that performs steadily year after year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
jwatesh
#5 Posted : Friday, March 13, 2015 12:08:18 PM
Rank: Member


Joined: 8/19/2014
Posts: 125
Still giving out peanut dividends
dunkang
#6 Posted : Friday, March 13, 2015 12:26:22 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
jwatesh wrote:
Still giving out peanut dividends

Can't believe that the Earnings Per Share is 21/- while the Dividend Per Share is 2/-. EXTREMELY MEAN. Should have given 50%
Receive with simplicity everything that happens to you.” ― Rashi

Gatheuzi
#7 Posted : Friday, March 13, 2015 9:14:21 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
DTB wants to expand organically. Cash to them is very important. The investors most suited here are those after Capital gains. Centum pays zero dividend.

Again, we know of banks who do rights every 2,or so years and they pretend to pay you a dividend.
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.
jwatesh
#8 Posted : Friday, March 13, 2015 10:01:49 PM
Rank: Member


Joined: 8/19/2014
Posts: 125
Gatheuzi wrote:
DTB wants to expand organically. Cash to them is very important. The investors most suited here are those after Capital gains. Centum pays zero dividend.

Again, we know of banks who do rights every 2,or so years and they pretend to pay you a dividend.

Equity and KCB have a 40% payout ratio they already expanding into other countries and growing faster. These guys have like 10% payout yet we dont see massive expansion, they had a rights issue last year
VituVingiSana
#9 Posted : Sunday, March 15, 2015 6:17:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
jwatesh wrote:
Gatheuzi wrote:
DTB wants to expand organically. Cash to them is very important. The investors most suited here are those after Capital gains. Centum pays zero dividend.

Again, we know of banks who do rights every 2,or so years and they pretend to pay you a dividend.

Equity and KCB have a 40% payout ratio they already expanding into other countries and growing faster. These guys have like 10% payout yet we dont see massive expansion, they had a rights issue last year

DTB does very small Rights Issues [cheaper to retain dividends than issue Rights Shares] unlike many other banks. HFCK just had a 1:2 while DTB did a 1:4 then 1:8 and recently 1:10.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#10 Posted : Monday, April 27, 2015 12:01:50 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
S.Mutaga III
#11 Posted : Tuesday, April 28, 2015 9:52:55 AM
Rank: Member


Joined: 3/26/2012
Posts: 830
A tier II bank growing at a rate of below 30% is a below par performer.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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