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Exchange Bar: Results forecast
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Ebenyo wrote:murchr wrote:@Obiero I see you are taking coop very seriously. He wants to become a pastor just like md Gedion Muriuki who received a christian award yesterday! Watch the issued share, dividend yield and year to year growth rate in KPIs HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/8/2007 Posts: 808
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South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I thought basic accounting is that since you consolidate a subsidiary, any writedowns in the balance sheet i.e. in form of fx devalaution et al will show up in your equity? lochaz-index wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. Sehemu ndio nyumba
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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lochaz-index wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. I thought banks wrote down over half of SS assets in 2015. Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets. Mark 12:29 Deuteronomy 4:16
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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guru267 wrote:lochaz-index wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. I thought banks wrote down over half of SS assets in 2015. Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets. @guru has spoken the truth HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Q3 2016,figures in KES B: Equity 21.6 Actual 21.5 KCB 21.4 Actual 22.9 COOP 15.1 Actual 15.2 SCBK 11.3 BBK 8.9 Actual 8.7 DTB 7.9 Actual 7.8 I&M 7.2 Actual 7.3 CFC 5.2 Actual 4.8 NIC 5.1 Actual 4.7 HFCK 1.4 Actual 1.2 NBK 0.67 Actual 0.74 The exchange bar remains true to form. Ever guiding the keen trader to greener pastures. Even as we await SCBK, it's clear that the smaller banks are in a race to the bottom, while the big 3 are putting daylight between them and the others HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I will believe you if you get the Q1 and H1 2017 results "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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mlennyma wrote:I will believe you if you get the Q1 and H1 2017 results It's not me you need to trust, but the exchange bar HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:mlennyma wrote:I will believe you if you get the Q1 and H1 2017 results It's not me you need to trust, but the exchange bar This bit @obiero has done well. 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: Member Joined: 2/8/2007 Posts: 808
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obiero wrote:guru267 wrote:lochaz-index wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. I thought banks wrote down over half of SS assets in 2015. Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets. @guru has spoken the truth There are two sets of write downs.the first is the operations related the fx losses and damaged assets. the next is the money they have at Boss. none of them has impaired this.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Mainat wrote:I thought basic accounting is that since you consolidate a subsidiary, any writedowns in the balance sheet i.e. in form of fx devalaution et al will show up in your equity? lochaz-index wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. Yes, they will show up in the bottom line. The problem for fx losses is the rate used by KE banks (carrying rate) vs the market determined one at the time of reporting. They were all off the mark and by quite some distance. This suppressed the actual losses. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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guru267 wrote:lochaz-index wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value. I thought banks wrote down over half of SS assets in 2015. Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets. They did but it didn't reflect fair value at the time vis a vis the SSP rate used in preparation of the books. Even assuming that they correctly accounted for the losses back then, the SSP is still on a nosedive to date and for all practical purposes it maybe useless, meaning more fx write downs for the current accounting period. If Coop's losses in SS were immaterial they shouldn't have hesitated to account for them fully. After all the damage would have been negligible. Looking at it realistically(after the initial write downs), can any of the banks manage to recoup the carrying value (as indicated in their books) of their SS holdings? I very much doubt it. They still have some write offs to book from that end. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. I thought they all stopped lending and whoever controls the UN & others dollars still makes money. The oil crash has really crippled SS, its barely making any money from oil since the vast majority goes to Sudan.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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watesh wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. I thought they all stopped lending and whoever controls the UN & others dollars still makes money. The oil crash has really crippled SS, its barely making any money from oil since the vast majority goes to Sudan. After seeing the stupidity in SS, the less that goes to GOSS to buy weapons used to kill its own people, the better! There was so much hope when SS became independent. All washed away. 1000s dead. Millions displaced. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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VituVingiSana wrote:watesh wrote:Kausha wrote:South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania. I thought they all stopped lending and whoever controls the UN & others dollars still makes money. The oil crash has really crippled SS, its barely making any money from oil since the vast majority goes to Sudan. After seeing the stupidity in SS, the less that goes to GOSS to buy weapons used to kill its own people, the better! There was so much hope when SS became independent. All washed away. 1000s dead. Millions displaced. I have said it here before, Africa is cursed.. But with prayer, we can be delivered HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Q3 2016,figures in KES B: Equity 21.6 Actual 21.5 KCB 21.4 Actual 22.9 COOP 15.1 Actual 15.2 SCBK 11.3 Actual 11.1 BBK 8.9 Actual 8.7 DTB 7.9 Actual 7.8 I&M 7.2 Actual 7.3 CFC 5.2 Actual 4.8 NIC 5.1 Actual 4.7 HFCK 1.4 Actual 1.2 NBK 0.67 Actual 0.74 Q4 coming up in a few weeks.. The exchange bar will as usual have it right here, even before the board signs off on the financials HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Will Equity have to NPL $10mn lent to Shelter Afrique? http://www.theeastafrica...67564-6b9q39/index.html
"Documents seen by The EastAfrican show that Shelter Afrique borrowed $10 million from Equity Bank in August this year for a one-year tenor pegged at 15 per cent." Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:Will Equity have to NPL $10mn lent to Shelter Afrique? http://www.theeastafrica...67564-6b9q39/index.html
"Documents seen by The EastAfrican show that Shelter Afrique borrowed $10 million from Equity Bank in August this year for a one-year tenor pegged at 15 per cent." So these IM for sourcing money from the public are doctored / fake yet approving authorities don't realise the same!!!!! 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: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:Will Equity have to NPL $10mn lent to Shelter Afrique? http://www.theeastafrica...67564-6b9q39/index.html
"Documents seen by The EastAfrican show that Shelter Afrique borrowed $10 million from Equity Bank in August this year for a one-year tenor pegged at 15 per cent." Equity will have to study their books first and do due delligence. Towards the goal of financial freedom
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