KCB results not so impressive: - Page 7 - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » KCB results not so impressive:

KCB results not so impressive:

Options

Previous Topic · Next Topic

Scubidu		#61 Posted : Friday, February 26, 2010 12:31:59 PM
Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi		KCB pre-tax profits in 2008 (2007) from annual report Kenya 5.6bn (4.2bn) Tanzania 32mn (0mn) Southern Sudan 530 mn (99mn) Uganda -188mn (-49mn) Rwanda -25 mn @kizee. Perhaps you shud do a comparison with other Kenyan banks who have operations in East Africa...are they making money? Such as Equity? Becoz it cud simply be a close to a poor economic cycle affecting all banks with regional operations; i.e., not representative of the overall strategy. @wa_ithika. The 15 bn is for capital ratios (legal purposes) set by basel (BIS)...bank lending is limited by either capital or reserves. When BBK borrowed loan capital from Barclays Plc its was to enhance capital base not for lending, it's in the annual report. They will not lend the money, but will give CBK the confidence more confidence. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
Back to top		\| \| Edit by user: Friday, February 26, 2010 12:34 PM \| Reason: Spelling correction
User Profile

kizee		#62 Posted : Friday, February 26, 2010 12:37:11 PM
Rank: Member Joined: 1/9/2008 Posts: 537		so how have u pointed out my untruths? it was one untruth which i corrected with a solid fact...u havent given any figure to dispute anything i have said and i had to correct myself...please list wat lies you think i am peddling...i will wait..
Back to top		\|
User Profile

kizee		#63 Posted : Friday, February 26, 2010 12:39:50 PM
Rank: Member Joined: 1/9/2008 Posts: 537		@scubidu check out dtks results...dtk are a regional bank...i doubt they hav a single subsidiary in the red...kcb cannot justify an 8 yr loosing streak(read kcbtz) as the result of a poor business cycle
Back to top		\|
User Profile

Scubidu		#64 Posted : Friday, February 26, 2010 12:48:59 PM
Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi		@kizee. Aahh yes you're quite right...on dtk and some other stuff...I don't know what business model they use, but I guess KCB's Tz sub needs some serious re-engineering, so it looks like we all owe you a drink (at least I do)...but dude it's furahi-day, so I aint gonna argue it further. Peace. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
Back to top		\|
User Profile

VituVingiSana		#65 Posted : Friday, February 26, 2010 12:50:30 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		kizee wrote: so how have u pointed out my untruths? it was one untruth which i corrected with a solid fact...u havent given any figure to dispute anything i have said and i had to correct myself...please list wat lies you think i am peddling...i will wait.. LOL... how about mis-statements? I was talking of the Sudan bit... in your original posting u said the blue-eyed boy Sudan also made a loss in 2009 like the other subsidiaries... I just asked for a verification/source. BTW, I did refer you to Annual Report for 2008 for KCB Tz. I knew about it or how could I have guided you to it? I never claimed any of the other stuff was untrue... did I? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

VituVingiSana		#66 Posted : Friday, February 26, 2010 12:55:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@scubidu - DTB is focused. They are very good at what they do & sorta entrepreneurial... I had to make a payment in Uganda for a deal. I paid in the cash (in KES & less than $10,000) into DTB (Westgate) at 5pm (Day 1), flew into Entebbe/Kampala early AM (Day 2) & the cash was available to me on Day 3 in KES or UGShs less wire fee (KES 2,400) & a forex spread for the conversion into UGShs. All I had to do was show my passport (same ID as presented in Kenya) as proof. Can u imagine the stress with KCB or BBK? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\| \| Edit by user: Friday, February 26, 2010 1:00 PM \| Reason: Not specified
User Profile

kizee		#67 Posted : Friday, February 26, 2010 12:56:04 PM
Rank: Member Joined: 1/9/2008 Posts: 537		i was off by 14mio on the kcb tz figure..kcbtz has made profit once in its entire history...a stagerring 32mio...sudan made -99 in 07 500 in 08 and 85 odd in 09...sudan was the blue eyed boy of all the subs..hey they even paid a dividend to grp in 09 how about that?... if u guys feel kcb will do well going forward..more power to you...ive just sold my last 300 shares in kcb...if i cud short it i wud
Back to top		\|
User Profile

VituVingiSana		#68 Posted : Friday, February 26, 2010 1:08:33 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		kizee wrote: i was off by 14mio on the kcb tz figure..kcbtz has made profit once in its entire history...a stagerring 32mio...sudan made -99 in 07 500 in 08 and 85 odd in 09...sudan was the blue eyed boy of all the subs..hey they even paid a dividend to grp in 09 how about that?... It is Furahiday... Take a chill pill... At some point I was enjoying needling you... but I dont want to spoil your weekend... we have our politicians to do it for us! BTW, you are right, KCB TZ has only made a profit ONCE in 8 years, even that might be suspect, one-time or they got lucky! Sudan is interesting... the problem/fear I have is the relationship between S.Sudan & N.Sudan can turn nasty. Fast. The good news (as I understand it) is that most of KCB's cash assets are in US$. So the risk of sustantial loss is negligible. They can airlift the cash to Kenya or simply 'wire' the electronic amounts to Kenya/USA as well. Unless KCB uses Good4Shyte... I will pray on Sunday... just not for the same things as baba jimmy & baba fidel!!! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

kizee		#69 Posted : Friday, February 26, 2010 1:19:48 PM
Rank: Member Joined: 1/9/2008 Posts: 537		...u cant wire anyting into or out of sudan...theyve been blacklisted...if anything cuts kcb will have major issues repatriating chumz unless maybe if kcb used a ccy swap to invest in sudan WHICH I AM WILLING TO BET MY LEFT *** THEY WUDNT HAVE A CLUE HOW TO..hey..please note that southern sudan have 2 weeks of resrves so getting cash out can be tricky anyway im no longer competant to comment on matters kcb..i sold my last holding in kcb today....
Back to top		\| \| Edit by user: Friday, February 26, 2010 1:24 PM \| Reason: Not specified
User Profile

VituVingiSana		#70 Posted : Friday, February 26, 2010 1:25:21 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		kizee wrote: ...u cant wire anyting into or out of sudan...theyve been blacklisted...if anything cuts kcb will have major issues repatriating chumz unless maybe if kcb used a ccy swap to invest in sudan WHICH I AM WILLING TO BET MY LEFT NUT THEY WUDNT HAVE A CLUE HOW TO..hey..please note that southern sudan have 2 weeks of resrves so getting cash out can be tricky Huh? Blacklisted? By whom? That is crazy... so how do S.Sudan banks handle funds? All of it is flown in & out? I am not a banker but is there a way to send electronic US$ funds without going thru New York? In this day & age 'electronic' funds makes sense! Wow... I had no idea... never been to S.Sudan (or north)... BTW, what do you mean when you say 2 weeks of reserves? [When I say cash... I mean US$ held by KCBsudan not waiting for sudanese pound to be converted to US$...] Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\| \| Edit by user: Friday, February 26, 2010 1:27 PM \| Reason: Not specified
User Profile

11 Pages«<56789>»

Wazua » Investor » Stocks » KCB results not so impressive:

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded