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KCB HY 2016 results
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researchfirst
#1 Posted : Thursday, August 04, 2016 8:48:55 AM
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Joined: 2/24/2015
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Location: Nairobi
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."
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hisah
#2 Posted : Thursday, August 04, 2016 9:14:11 AM
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Joined: 8/4/2010
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Interesting.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#3 Posted : Thursday, August 04, 2016 9:21:02 AM
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Joined: 12/7/2012
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Rights issue rescheduling - playing a wait and see game on the interest regulation act.
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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obiero
#4 Posted : Thursday, August 04, 2016 9:26:02 AM
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Angelica _ann wrote:
Rights issue rescheduling - playing a wait and see game on the interest regulation act.

What is certain sweetie is that full year will be impacted whether HE Uhuru accents or not

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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sparkly
#5 Posted : Thursday, August 04, 2016 9:37:45 AM
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researchfirst wrote:
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."


Stock is grossly undervalued.
Life is short. Live passionately.
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obiero
#6 Posted : Thursday, August 04, 2016 9:43:35 AM
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sparkly wrote:
researchfirst wrote:
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."


Stock is grossly undervalued.

Under or over?

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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mlennyma
#7 Posted : Thursday, August 04, 2016 10:01:40 AM
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Upward move to factor the postponed rights expected
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#8 Posted : Thursday, August 04, 2016 10:11:15 AM
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NPLs up. And these are unaudited so who knows what hasn't been included.
Net NPL Exposure is also up QoQ +350mn
Didn't Oigara say payments were to be made to reduce the NPLs?

I am staying away from KCB until the NPLs are brought back into line. Now we wait for Equity.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#9 Posted : Thursday, August 04, 2016 10:13:02 AM
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Joined: 9/20/2015
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Location: Mombasa
researchfirst wrote:
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."




NPLs stood at 8.9%????? Which means they have plateau-ed!!! This item NPLs to me sounds doctored ie under reported .
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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researchfirst
#10 Posted : Thursday, August 04, 2016 10:17:19 AM
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Location: Nairobi
mlennyma wrote:
Upward move to factor the postponed rights expected


You would think so, but the bloody thing keeps falling.
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obiero
#11 Posted : Thursday, August 04, 2016 11:43:41 AM
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mlennyma wrote:
Upward move to factor the postponed rights expected

Postponed or scrapped
.. That would be the difference

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#12 Posted : Thursday, August 04, 2016 11:55:59 AM
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Joined: 12/4/2009
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KCB has regained the top position as the most profitable bank in east and central africa.
Highly unlikely Equity bank will post higher figures than KCB in HY 2016
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Sir invest
#13 Posted : Thursday, August 04, 2016 12:37:14 PM
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Joined: 8/19/2015
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When you find Treasury disposing off this share this thrice.
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obiero
#14 Posted : Thursday, August 04, 2016 1:04:21 PM
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Ericsson wrote:
KCB has regained the top position as the most profitable bank in east and central africa.
Highly unlikely Equity bank will post higher figures than KCB in HY 2016

@ericsson what guides your view

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#15 Posted : Thursday, August 04, 2016 1:27:18 PM
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Equity bank normally start losing momentum when it reaches Q2.
I don't see Equity clocking ksh.8bn profits in Q2 alone.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#16 Posted : Thursday, August 04, 2016 1:28:47 PM
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While KCB starts picking momentum in Q2.
If you look at the results keenly KCB did ksh.8.5bn in Q2 alone compared to 6.6bn in Q1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#17 Posted : Thursday, August 04, 2016 1:57:45 PM
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Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
While KCB starts picking momentum in Q2.
If you look at the results keenly KCB did ksh.8.5bn in Q2 alone compared to 6.6bn in Q1


This year will be won by whoever contains their NPLS. So it's FY that will determine. Coz they have to be accounted for then.

I feel like these two shares compete too much I hope no massaging is done by either to keep up with the competition
The investor's chief problem - and even his worst enemy - is likely to be himself
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lochaz-index
#18 Posted : Thursday, August 04, 2016 6:05:40 PM
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Joined: 9/18/2014
Posts: 1,127
Change of course by Kcb with regards to Chase bank. Were they not given a 'first refusal' by Cbk? Is this how the process was to be carried out? Me thinks they were not sincere from the get go. First they dropped Imperial Bank now Chase bank... http://www.theeastafrica...0392-13akqknz/index.html
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#19 Posted : Thursday, August 04, 2016 8:50:55 PM
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Joined: 6/23/2009
Posts: 13,548
Location: nairobi
[quote=lochaz-index]Change of course by Kcb with regards to Chase bank. Were they not given a 'first refusal' by Cbk? Is this how the process was to be carried out? Me thinks they were not sincere from the get go. First they dropped Imperial Bank now Chase bank... http://www.theeastafrica...392-13akqknz/index.html[/quote]
So what led to the change of heart

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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shocks
#20 Posted : Thursday, August 04, 2016 9:20:16 PM
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Joined: 3/15/2009
Posts: 360
hisah wrote:


Interesting.

Hapa wamenichenga, I thought they needed a rights issue coz. capital to risk weighted assets ratio was low, sasa loans are up but they no longer require capital injection?
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