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CFC Bank HY 2015 net profit down 35%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Sad news popped up in twittersphere. These results are not good. What happened to this bank?
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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At this rate the price will slide back to 2012 levels
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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KWANI HUKU KUNAENDA AJE?  The culprit is that KShs. 1.5B reduction in Non-Interest income. Everything else looks like remained constant. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Nyasaye!  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Saviour: Interim Dividend of Ksh. 0.75 Per Share Pay day for FY14: 13 August 2015 Pesa 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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muganda wrote:Sad news popped up in twittersphere. These results are not good. What happened to this bank?
It used to be a darling of many 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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dunkang wrote:KWANI HUKU KUNAENDA AJE? The culprit is that KShs. 1.5B reduction in Non-Interest income. Everything else looks like remained constant. Who has the breakdown of this non-interest income? I would like to know what it is that has fallen so sharply... forex, fees, one off? Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,909
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This can trigger Mr. Bear back to Nse!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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I will wait for full year to get the whole impact of NPL's. Credit impairment charges at half year is way lower compared to last HY and about a third of full year. So my guess is that that number should hit almost 1B at full year. Perhaps keeping it low at half year is one way to help the market absorb the dissapointment in batches! All in all it appears a profit warning will be made before full year. 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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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Angelica _ann wrote:This can trigger Mr. Bear back to Nse!!! Two more such results and the devil(bear) back with a bang. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Angelica _ann wrote:This can trigger Mr. Bear back to Nse!!! Those mad volumes of Thursday 6 August 2015 suggest somebody somewhere knew something that we obviously didn't. #Cryinginsidetoilet Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,909
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Pesa Nane wrote:Angelica _ann wrote:This can trigger Mr. Bear back to Nse!!! Those mad volumes of Thursday 6 August 2015 suggest somebody somewhere knew something that we obviously didn't. #Cryinginsidetoilet Always assumed wewe huwa mbele ya Wanjiku Nse information wise In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Angelica _ann wrote:Pesa Nane wrote:Angelica _ann wrote:This can trigger Mr. Bear back to Nse!!! Those mad volumes of Thursday 6 August 2015 suggest somebody somewhere knew something that we obviously didn't. #Cryinginsidetoilet Always assumed wewe huwa mbele ya Wanjiku Nse information wise He's always ahead on officially released or published information, not on insider information. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Boris Boyka wrote:Angelica _ann wrote:Pesa Nane wrote:Angelica _ann wrote:This can trigger Mr. Bear back to Nse!!! Those mad volumes of Thursday 6 August 2015 suggest somebody somewhere knew something that we obviously didn't. #Cryinginsidetoilet Always assumed wewe huwa mbele ya Wanjiku Nse information wise He's always ahead on officially released or published information, not on insider information. Even insider @obiero did not see this one coming, despite the exchange bar being opposite stanbic  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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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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EPS is now 10.66 from almost 20 in 2014
Do we expect the share price to go below 70bob?
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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When did this bank reach profit peak to start reporting declines, I read a management problem, for a bank to retreat so sharply it's a cause of great concern,meanwhile I will be a cautious customer to deal with c fc. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Hello Joined: 8/12/2015 Posts: 3 Location: Nairobi
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Their S.Sudan branch lost almost all its business with the Government of SS to a smaller bank. Key staff members of CFC also shifted to this small bank Punda ametanda. Mawingu yamechoka. Nipigwe nyuma sitarudi pingu
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Rank: Member Joined: 10/17/2008 Posts: 338 Location: Kenya
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mlennyma wrote:When did this bank reach profit peak to start reporting declines, I read a management problem, for a bank to retreat so sharply it's a cause of great concern,meanwhile I will be a cautious customer to deal with c fc. Why? Think the unthinkable but wear a dark suit
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Ayiko Atatmo wrote:Their S.Sudan branch lost almost all its business with the Government of SS to a smaller bank. Key staff members of CFC also shifted to this small bank the share has high foreign holding so it might hold well "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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gogeta wrote:mlennyma wrote:When did this bank reach profit peak to start reporting declines, I read a management problem, for a bank to retreat so sharply it's a cause of great concern,meanwhile I will be a cautious customer to deal with c fc. Why? a bank on a growth path can't wake-up and report 35% decline,I will use gossip to dig in. "Don't let the fear of losing be greater than the excitement of winning."
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CFC Bank HY 2015 net profit down 35%
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