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Cfc Stanbic Kenya FY 2015 Profit drops by 14%
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Ericsson
#1 Posted : Wednesday, March 02, 2016 8:16:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
Cfc Stanbic Kenya FY 2015 Profit drops by 14% to Kshs 4.9 Billion Dividend 5.40 Per share
Profit before tax drops from ksh.7.7bn to 7.35bn
Profit after tax at sh.4.905bn from 5.686bn
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Aguytrying
#2 Posted : Wednesday, March 02, 2016 8:49:29 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
Cfc Stanbic Kenya FY 2015 Profit drops by 14% to Kshs 4.9 Billion Dividend 5.40 Per share
Profit before tax drops from ksh.7.7bn to 7.35bn
Profit after tax at sh.4.905bn from 5.686bn


Nice dividend
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#3 Posted : Wednesday, March 02, 2016 9:14:29 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
Ericsson wrote:
Cfc Stanbic Kenya FY 2015 Profit drops by 14% to Kshs 4.9 Billion Dividend 5.40 Per share
Profit before tax drops from ksh.7.7bn to 7.35bn
Profit after tax at sh.4.905bn from 5.686bn


Nice dividend


Good performance. I had expected a bigger drop.
Life is short. Live passionately.
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mlennyma
#4 Posted : Wednesday, March 02, 2016 9:33:47 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
sparkly wrote:
Aguytrying wrote:
Ericsson wrote:
Cfc Stanbic Kenya FY 2015 Profit drops by 14% to Kshs 4.9 Billion Dividend 5.40 Per share
Profit before tax drops from ksh.7.7bn to 7.35bn
Profit after tax at sh.4.905bn from 5.686bn


Nice dividend


Good performance. I had expected a bigger drop.

me too ,they weathered the storm well
"Don't let the fear of losing be greater than the excitement of winning."
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kryptonite
#5 Posted : Thursday, March 03, 2016 8:04:28 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
Ericsson wrote:
Cfc Stanbic Kenya FY 2015 Profit drops by 14% to Kshs 4.9 Billion Dividend 5.40 Per share
Profit before tax drops from ksh.7.7bn to 7.35bn
Profit after tax at sh.4.905bn from 5.686bn


Not so bad! I was ready for the worst.
Surprised at the dividend payout as well.
The harder you work, the luckier you get
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delllatitude
#6 Posted : Thursday, March 03, 2016 9:55:58 AM
Rank: New-farer

Joined: 8/29/2010
Posts: 11
Business has not been the same for them in SS since a little known bank poached all their business and key staff. CFC might follow the same route as EABLi
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mugo2of3
#7 Posted : Thursday, March 03, 2016 10:36:24 AM
Rank: New-farer

Joined: 5/22/2014
Posts: 78
I have watched the NSE for a while and especially the Bank Stocks and I cannot help but agree that exchanges are at times driven by sentiment as opposed to figures.

When the CFC CEO quit a while ago, everyone thought it was a sign of things to come and the market resorted to competition for NIC, Equity.
Good solid stocks like KCB stagnated and CFC even touched 71/- at one point.

IMO, even in the current bear run CFC is way under-valued. Despite the 14% drop it has a high PE and a consistently good Dividend Yield at the top end of the market.

The massive foreign (South African) shareholding of around 78% might also be playing a part on the sentiments surrounding this particular counter.
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  | | Edit by user: Thursday, March 03, 2016 10:38 AM | Reason: Not specified
VituVingiSana
#8 Posted : Thursday, March 03, 2016 12:39:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,433
Location: Nairobi
Surprisingly good results when one considers the drama faced by KCB [KES 6.1bn translation loss] in SS. Now let's see what Equity does.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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lochaz-index
#9 Posted : Thursday, March 03, 2016 3:58:11 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
VituVingiSana wrote:
Surprisingly good results when one considers the drama faced by KCB [KES 6.1bn translation loss] in SS. Now let's see what Equity does.


Plus a jumbo spike in NPL's looks to be the norm for the banking sector led by Kcb...50% to be precise.
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#10 Posted : Thursday, March 03, 2016 8:23:48 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,460
Location: nairobi
if u know whats good for you, stay away from this one. thank me later
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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