Wazua
»
Investor
»
Stocks
»
Exchange Bar: Results forecast
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. U are partially right, but the problem here is more in loss of deposits in this tight liquidity race Don't see the big deal also. Hit is on the loan loss provision and an exceptional item (property sale) last year. still likely to hit EPS of 25 and retain DPS 21.50. Cheap below 250. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
|
grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. Correct. StanChart takes provisions as needed. Some say it takes more than it should in the name of prudence. Some banks will have to take (increase) huge provisions for NPLs in 4Q whereas StanChart is already taking provisions throughout the year. They also tend to run their losses on Bonds through the P&L and with higher Bond yields come greater losses in the value of the portfolio. I would not mind buying StanChart at 150 with an eye on the future. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
|
sparkly wrote:obiero wrote:grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. U are partially right, but the problem here is more in loss of deposits in this tight liquidity race Don't see the big deal also. Hit is on the loan loss provision and an exceptional item (property sale) last year. still likely to hit EPS of 25 and retain DPS 21.50. Cheap below 250. Its unlikely to retain the dividend payout considering the once off sale of property last year. Tomorrow we may see a low of 218.. A definite buy sub 200 COOP, IMH, KEGN, KQ, MTNU
|
|
|
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
obiero wrote:whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly I hope they heeded your warning
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
|
http://www.businessdaily...52/-/6s7sa3/-/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
|
Ericsson wrote:http://www.businessdailyafrica.com/CFC-Stanbic-Q3-earnings-down-34pc/-/539552/2974452/-/6s7sa3/-/index.html Damn! Am F'd! What happened to banks super profits? Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
|
dunkang wrote:Ericsson wrote:http://www.businessdailyafrica.com/CFC-Stanbic-Q3-earnings-down-34pc/-/539552/2974452/-/6s7sa3/-/index.html Damn! Am F'd! What happened to banks super profits? Pole sana. Profits for banks will continue, what is happening now is called consolidation where only the large banks will henceforth make real money. Smaller banks will struggle in the next few years since Kenyans have changed tact. Tier II and lower are doomed, since they cant attract account numbers, which implies reduction in every income stream i.e commission, interest income.. Expect layoffs too, to compesate CIR balance COOP, IMH, KEGN, KQ, MTNU
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
|
obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2 Actual 8.9
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2 Actual 3.2
HFCK 1.1 Actual 1.1 COOP, IMH, KEGN, KQ, MTNU
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
obiero wrote:obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2 Actual 8.9
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2 Actual 3.2
HFCK 1.1 Actual 1.1 Weka CFC pia....its out. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
|
Boris Boyka wrote:obiero wrote:obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2 Actual 8.9
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2 Actual 3.2
HFCK 1.1 Actual 1.1 Weka CFC pia....its out. Iv only seen their net profit. Help me get the PBT and put it up COOP, IMH, KEGN, KQ, MTNU
|
|
|
Wazua
»
Investor
»
Stocks
»
Exchange Bar: Results forecast
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.
|