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Stanchart Q1 2015 results Down 28%
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Boris Boyka
#1 Posted : Friday, May 29, 2015 5:30:23 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
[quote] The bank reported a net profit of Sh1.8 billion
in the three months compared to Sh2.5 billion
a year earlier.
This makes it the second major lender to
announce a profit drop after CfC Stanbic
whose net earnings fell by a similar margin to
Sh1.1 billion between January and March. [/quote]
Rink
www.businessdailyafrica.com/Corporate-News/StanChart-earnings-dip-28-per-cent-on-bad-loans/-/539550/2732936/-/sjhu8r/-/index.html
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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dunkang
#2 Posted : Friday, May 29, 2015 5:46:15 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
[quote=Boris Boyka][quote] The bank reported a net profit of Sh1.8 billion
in the three months compared to Sh2.5 billion
a year earlier.
This makes it the second major lender to
announce a profit drop after CfC Stanbic
whose net earnings fell by a similar margin to
Sh1.1 billion between January and March. [/quote]
Rink
www.businessdailyafrica.com/Corporate-News/StanChart-earnings-dip-28-per-cent-on-bad-loans/-/539550/2732936/-/sjhu8r/-/index.html [/quote]

Interesting times ahead for banks and bank stocks.
Receive with simplicity everything that happens to you.” ― Rashi

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Gatheuzi
#3 Posted : Friday, May 29, 2015 6:57:45 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Another one bites the dust!
[quote=Gatheuzi][quote=Gatheuzi][quote=mlennyma][quote=Gatheuzi]Wait for a haircut.[/quote]
could this be the reason why other banks who are quick to report have stayed quiet??[/quote]
In a few years to come, negative growth for a number of banks will be the norm.[/quote]

Its only been months, I was rather optimistic to have estimated this to take years!

See post 24 here[/quote]
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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Gatheuzi
#4 Posted : Friday, May 29, 2015 7:00:05 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Now, if you still thought we are not getting into a serious bear, think again. This is one time when both fundies and techies are showing the same signs!
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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Pesa Nane
#5 Posted : Friday, May 29, 2015 10:38:19 AM
Rank: Elder

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


Zoomed
Pesa Nane plans to be shilingi when he grows up.
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the deal
#6 Posted : Friday, May 29, 2015 8:22:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Another quality stock...if you get this stock cheap..buy by bucket loads...what this guys have done Eqty..kcb & coop will never do...thats a crazy loan loss provision right there....
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murchr
#7 Posted : Friday, May 29, 2015 8:52:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
STANDARD Chartered bank Kenya is contemplating a share split to make the stock more affordable at the Nairobi Securities Exchange chairperson Anne Mutahi has said.

This follows requests by its shareholders who have complained that the stock is not "tradeable" because of its high price.

- See more at: http://www.the-star.co.ke/news/stanchart-mulls-share-split#sthash.LnU8L1Bn.dpuf
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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kimugaman
#8 Posted : Friday, May 29, 2015 9:10:45 PM
Rank: New-farer

Joined: 5/15/2015
Posts: 26
[quote=Gatheuzi]Now, if you still thought we are not getting into a serious bear, think again. This is one time when both fundies and techies are showing the same signs![/quote]

I wonder if this because of overbuilding high end homes.
At some point the rent is not enough to pay the mortgage, then what?
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hisah
#9 Posted : Monday, June 01, 2015 1:15:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
[quote=the deal]Another quality stock...if you get this stock cheap..buy by bucket loads...what this guys have done Eqty..kcb & coop will never do...thats a crazy loan loss provision right there....[/quote]
Agreed. LLP spiked 249% in Q1 2015 vs Q1 2014. Meanwhile other KE banks will hold on to the cliff until they can't hide the NPL surge for them to expand that LLP. :-(

Only NBK and SCBK did this in 2011. Will history repeat itself.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, June 01, 2015 1:16 PM | Reason: Not specified
kawi254
#10 Posted : Wednesday, August 19, 2015 10:24:20 AM
Rank: Member

Joined: 2/20/2015
Posts: 469
Location: Nairobi
When are the Half year results 2015 for Stanchart being released ?
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