@thedeal - The regional/group CEO is kitili mbathi

Mukiha, talk of convolution spot on! The initial strategy of the entity as all-in-one shop seems to have flopped ama was this a CFC idea? Did Stanbic buy the strategy too? Could be na sasa its repercussions. It must deconvolute I agree. This way the financial services will not burden the otherwise "marginally performing" bank.

Du Toit should also be shown the door, this market si kama SA, to cope with the competition, as illustrated NIC,DTB,CBA out performed CFC Stanbic by far.

@sparkly... assuming we all have investment strategies... eg, low pe, growing eps..minimum ROE of 15% over several periods...etc.. define one that makes cfc a buy. please not banking on hopes that "one day it will do well".

Fundaah..i'm no genius...but i do understand that.
it is wise to consider basis of were u "stand" before u step into the "future".... past performance reflects on management strategy..the same management you are entrusting the future with... if merger is f******D up the past will reveal..

compare managements excuse now to the optimism they had at end of 08!!!..slow down begun in 08..surely..any competent idiot would have mitigated the losses....if their misfortunes stem from stocks..imagine centum's results.
Fundaah... the only reason to buy cfc is that it cannot do any worse!!!..

seriously...that cannot be the only basis to buy the stock!!!!..apart from Mukiha's assessment of the "De-merger" later on..why buy?

ok.
On that note... i'm glad i stayed out. apart from Mukiha's approach..only hopes seem to justify buying..unfortunately that cannot be quantified into real cash.

Those assets can be put to some good use. Thats my reason period. May be the most undervalued of the medium banks based on the net assets. You are free to disagree.

Interestingly resilient at 43

the market must be pegging this years profit recovery against a recovery at the NSE...

another thing we must remember is that many of the costs were once off cost that wont appear on the P&L this year...

those who dont understand just choose not to... CFC might as well be put in the same bracket as investment banks when it comes to turn over and perfomance of the NSE.. almost all investment banks posted losses..

another thing is that they made it very clear that they had many once off costs that arose from expansion and improvement of banking facilities...

all these are not going to appear anywhere in this years results... couple this with improved economy and NSE... the rest will play itself out