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KCB HY 2016 results
Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Interesting. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,761 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,761 Location: nairobi
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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?
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,210 Location: Nairobi
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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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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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." 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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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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mlennyma wrote:Upward move to factor the postponed rights expected You would think so, but the bloody thing keeps falling.
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Rank: Elder Joined: 6/23/2009 Posts: 13,761 Location: nairobi
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mlennyma wrote:Upward move to factor the postponed rights expected Postponed or scrapped .. That would be the difference
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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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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Rank: Member Joined: 8/19/2015 Posts: 125
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When you find Treasury disposing off this share this thrice.
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Rank: Elder Joined: 6/23/2009 Posts: 13,761 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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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.htmlThe main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,761 Location: nairobi
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[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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 3/15/2009 Posts: 362
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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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