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KCB FY 2015 PBT +12% and PAT +16%
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madebe
#21 Posted : Wednesday, March 02, 2016 12:09:55 PM
Rank: Member


Joined: 10/7/2010
Posts: 251
Location: nairobi
Pesa Nane wrote:
Spikes wrote:
enyands wrote:
ruwesh wrote:
enyands wrote:
mwanahisa wrote:
PKoli wrote:
Ericsson wrote:
Full year profit before tax at ksh.26.5bn and Profit after tax at ksh.19.6bn
Applause Applause Applause

Dividend?


Dividend held at the same level as previous year - Proposed Dividend Kshs 6.05B for 2015, which is the same figure for 2014.


What's the dividends per share .kindly share


2 bob per share


Thanks


Jump in!



Important Note:

Div. Cash component = Ksh. 1 only
Script = Ksh. 1
Total Dividend = Ksh. 2


Any indication of the scrip dividend price the?
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AndyC
#22 Posted : Wednesday, March 02, 2016 12:16:52 PM
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Joined: 4/21/2015
Posts: 151
Has there been a case in the past where shareholders ( any NSE listed firm) did not approve directors recommendation on dividend payment?
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Ericsson
#23 Posted : Wednesday, March 02, 2016 12:27:48 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Othelo
#24 Posted : Wednesday, March 02, 2016 12:44:28 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
AndyC wrote:
Has there been a case in the past where shareholders ( any NSE listed firm) did not approve directors recommendation on dividend payment?

Nope because majority shareholders normally are roped in before such crucial decisions which may require voting are made and rubberstamped by the Board!!!

Though i think Matiba's co. stopped a transaction once between BOC and Carbacid ...... if i remember well!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Kausha
#25 Posted : Wednesday, March 02, 2016 12:58:27 PM
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Joined: 2/8/2007
Posts: 808
The Kenya operations unable to convert the loan growth into income is surprising.
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PKoli
#26 Posted : Wednesday, March 02, 2016 1:00:07 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
Othelo wrote:
AndyC wrote:
Has there been a case in the past where shareholders ( any NSE listed firm) did not approve directors recommendation on dividend payment?

Nope because majority shareholders normally are roped in before such crucial decisions which may require voting are made and rubberstamped by the Board!!!

Though i think Matiba's co. stopped a transaction once between BOC and Carbacid ...... if i remember well!!!


What about EA Portland?
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ngapat
#27 Posted : Wednesday, March 02, 2016 1:24:34 PM
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Joined: 12/11/2006
Posts: 884
EPS now at 6.49
“Invest in yourself. Your career is the engine of your wealth.”
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watesh
#28 Posted : Wednesday, March 02, 2016 2:16:25 PM
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Joined: 8/10/2014
Posts: 977
Location: Kenya
Deferred tax asset big contributor to the after tax figures...so this is a one off figure. Sad
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shocks
#29 Posted : Wednesday, March 02, 2016 3:06:45 PM
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Joined: 3/15/2009
Posts: 360
kizee1 wrote:
VituVingiSana wrote:
Something is not kosher according to @sang252 and you know he asks questions on matters others do not even know exist. I can't "picture" his tweet.

1) Why are all the SS translation losses of 6.1bn going below the line? [Permanent impairment]
2) SS showed a profit for 1Q 2Q 3Q. Have these profits [which were really profits with the devaluation] been reversed in 4Q?


SSP the SS currency was heavily devalued(from 3.06 to +18 to the USD) in Q4,.. translation of the SS balance sheet would explain said impairment

No wonder total assets shrank from 603 billion at some point, was about to attribute it to pillow a/cs caused by the Imperial bank saga
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mulla
#30 Posted : Wednesday, March 02, 2016 3:07:26 PM
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Joined: 6/15/2013
Posts: 301
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Are you sure that's the case...and if so doesnt that make KCB a very attractive share to jump into?
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delllatitude
#31 Posted : Wednesday, March 02, 2016 3:14:45 PM
Rank: New-farer


Joined: 8/29/2010
Posts: 11
With the huge book value of US dollar loans in South Sudan, coupled with the worsening economy and devaluation of the SS Pound, I wonder how KCB managed to reduce the loan provisions in P&L by 1 billion.
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murchr
#32 Posted : Wednesday, March 02, 2016 3:20:19 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
kizee1 wrote:
VituVingiSana wrote:
Something is not kosher according to @sang252 and you know he asks questions on matters others do not even know exist. I can't "picture" his tweet.

1) Why are all the SS translation losses of 6.1bn going below the line? [Permanent impairment]
2) SS showed a profit for 1Q 2Q 3Q. Have these profits [which were really profits with the devaluation] been reversed in 4Q?


SSP the SS currency was heavily devalued(from 3.06 to +18 to the USD) in Q4,.. translation of the SS balance sheet would explain said impairment


I expected Sunil to have been more aware of that, business in SS will be tricky till those 2 leaders are dethroned
"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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mwanahisa
#33 Posted : Wednesday, March 02, 2016 3:23:31 PM
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Joined: 6/2/2008
Posts: 1,438
mulla wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Are you sure that's the case...and if so doesnt that make KCB a very attractive share to jump into?


This is certainly NOT the case in so far as the scrip (not script) dividend is concerned. Directors will come up with a price for the conversion of the scrip dividend into new shares - this could be very close to the current share price. As it is a dividend, shareholders may also elect to receive it in cash rather than shares.
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Ericsson
#34 Posted : Wednesday, March 02, 2016 3:23:40 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@mulla
Yes.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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littledove
#35 Posted : Wednesday, March 02, 2016 3:24:13 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
mulla wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Are you sure that's the case...and if so doesnt that make KCB a very attractive share to jump into?

i dont think bonus of 1:1 is the case here, it means a shareholder can choose to convert sh 1 per share out of the sh 2 per share into additional share or take it as div.
this means if you have 10000 kcb shares you can choose to take ksh 20000 as dividends or take ks 10000 as dividends and convert the remaining ks 10,000 into shares
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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muganda
#36 Posted : Wednesday, March 02, 2016 3:25:46 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Peculiar Kenyans: http://www.capitalfm.co....rth-sh7bn-in-10-months/

KCB MPesa customers now 5m.
KCB MPesa average loan 2,000/-
Over half of borrowers are below 30.
Most customers borrow in the morning and return the money in the evening;
at cost of 12/-
They come back to borrow more.
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murchr
#37 Posted : Wednesday, March 02, 2016 3:26:25 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
littledove wrote:
mulla wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Are you sure that's the case...and if so doesnt that make KCB a very attractive share to jump into?

i dont think bonus of 1:1 is the case here, it means a shareholder can choose to convert sh 1 per share out of the sh 2 per share into additional share or take it as div.
this means if you have 10000 kcb shares you can choose to take ksh 20000 as dividends or take ks 10000 as dividends and convert the remaining ks 10,000 into shares


Yes, just like Liberty did a while back
"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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mlennyma
#38 Posted : Wednesday, March 02, 2016 3:28:15 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
mwanahisa wrote:
mulla wrote:
Ericsson wrote:
@Madebe and all;
What the script dividend by KCB means is that they will give a bonus issue of 1:1 and ksh.1 dividend.
The bonus shares don't qualify for dividends

Are you sure that's the case...and if so doesnt that make KCB a very attractive share to jump into?


This is certainly NOT the case in so far as the scrip (not script) dividend is concerned. Directors will come up with a price for the conversion of the scrip dividend into new shares - this could be very close to the current share price. As it is a dividend, shareholders may also elect to receive it in cash rather than shares.

1:1 bonus is a daytime lie unless i dont know what it means and the likely impact to the share,its just the case of liberty kenya where a formula is set to calculate it however its sweeter to get the shares
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#39 Posted : Wednesday, March 02, 2016 3:43:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@murchr,littledove and mlennyama;
The formula is as below;
KCB is to give a dividend of sh.2 per share which translates to ksh.6.05bn if u multiply sh.2 by the number of issued shares of 3.025bn.
Instead they have decided to give ksh.1 in cash and sh.1 in script dividend.
NB:@littledove-shareholder has no choice to choose whether to take script dividend or cash.
The par value of KCB share is ksh.1 and the total number of issued shares is 3.025bn
After giving the ksh.3.025bn as dividend based on sh.1 per share,the balance remaining is ksh.3.025bn.
This ksh.3.025bn instead of giving in cash kcb gives u shares instead.
Divide ksh.3.025bn/sh.1 gives u 3.025bn shares
Divide script dividend of sh.1 by the par value sh.1 gives u 1 which means bonus of 1:1
Etc eTc etC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#40 Posted : Wednesday, March 02, 2016 3:49:37 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Ericsson wrote:
@murchr,littledove and mlennyama;
The formula is as below;
KCB is to give a dividend of sh.2 per share which translates to ksh.6.05bn if u multiply sh.2 by the number of issued shares of 3.025bn.
Instead they have decided to give ksh.1 in cash and sh.1 in script dividend.
NB:@littledove-shareholder has no choice to choose whether to take script dividend or cash.
The par value of KCB share is ksh.1 and the total number of issued shares is 3.025bn
After giving the ksh.3.025bn as dividend based on sh.1 per share,the balance remaining is ksh.3.025bn.
This ksh.3.025bn instead of giving in cash kcb gives u shares instead.
Divide ksh.3.025bn/sh.1 gives u 3.025bn shares
Divide script dividend of sh.1 by the par value sh.1 gives u 1 which means bonus of 1:1
Etc eTc etC


So it will be market rate used on the 3.025b to issue shares or will there be a special rate
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