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Banks...catch them if you can in 2010.
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the deal
#1 Posted : Thursday, May 06, 2010 6:03:39 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
2010 is the year for banks at the NSE,there is one thing i like about this burgers...they can perform year in and out unlike agrics who track the wheather...we all know how hard is to predict mother nature...
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youcan'tstopusnow
#2 Posted : Thursday, May 06, 2010 6:22:36 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I totally agree, especially Equity Bank and NIC which both posted 43% increases in profit for the first quarter. Stanchart also looks like its going to be a good bet.
GOD BLESS YOUR LIFE
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slykat
#3 Posted : Thursday, May 06, 2010 6:30:55 PM
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Joined: 2/20/2007
Posts: 359
Watch this space; the newly opened avenue for banks to use 3rd parties will see banking taken to every marketplace in the country! Bad news for Mpesa and for the Equity model?
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youcan'tstopusnow
#4 Posted : Thursday, May 06, 2010 7:22:05 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
slykat, if anything I think Equity is the bank best placed to benefit from allowing the directive to allow banks to use 3rd parties.
Equity is also linking up Mpesa with its banking system. This is going to be HUGE business for them.
GOD BLESS YOUR LIFE
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VituVingiSana
#5 Posted : Thursday, May 06, 2010 7:28:24 PM
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Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
Equity will probably take/use this system by storm! They are already using the agency-type model in UK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#6 Posted : Thursday, May 06, 2010 7:45:12 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Quick one guys...we all know that property prices in Kenya are ridiculously high...and many of us expect a dubai type correction, what impact would that have on the HFs and S&Ls here....i wonder...
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sparkly
#7 Posted : Thursday, May 06, 2010 8:19:45 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
I totally agree, especially Equity Bank and NIC which both posted 43% increases in profit for the first quarter. Stanchart also looks like its going to be a good bet.

and i agree to your agreement. I would bet my money on NIC... controlled, firmly grounded,ambitious, adaptive and very kenyan.
Life is short. Live passionately.
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the deal
#8 Posted : Thursday, May 06, 2010 8:22:57 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ horton hfck posted a 121% PAT in 2009 Q1 and in 2010 50%..the supernormal growth is flattening out...time to sell themselves to equity...LOL.
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VituVingiSana
#9 Posted : Friday, May 07, 2010 5:24:57 AM
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Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
@the deal - Sometimes the best deal is one you did not make!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#10 Posted : Friday, May 07, 2010 7:50:36 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hey guys has Nic ventured outside Kenya...i mean regional expansion...
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mkonomtupu
#11 Posted : Friday, May 07, 2010 7:54:17 AM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
the deal, NIC bought a bank in Tanzania last year and it has some potential
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VituVingiSana
#12 Posted : Friday, May 07, 2010 8:40:44 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
Tanzania is the new battleground...

NIC + I&M bought into smaller mid-tier banks...
Equity has stayed out... with good reason...
KCB is growing there...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#13 Posted : Friday, May 07, 2010 9:04:23 AM
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Joined: 2/10/2007
Posts: 1,587
@Very many things,

Tanzania market has been fairly difficult for Kenyan firms operating their. The likes of CMC, KCB. Equity must have learnt that lesson from other companies. ARM has invested big, and should be the major breakthough. Until the whole country opens up to proper capitalism, I will give a lot of consideration to companies looking for business there, except the SA companies!
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VituVingiSana
#14 Posted : Friday, May 07, 2010 10:00:15 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
@pkoli - TRUTH... Tanzanians hate Kenyans... kweli!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#15 Posted : Sunday, May 09, 2010 6:04:08 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I took a closer look at Nic Q1 results...theres an increase in NPL and 24% of their bottomline came from GOK securities not from bank operations such as interest income on loans...cause for concern or kawaida...
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qw25041985
#16 Posted : Sunday, May 09, 2010 6:15:16 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@the deal. i believe the bank to watch is Barclays Bank. It has a nice p/e ,nice PEG if only they could grow their loans book.If they did that this stock can only be caught high high up in the sky......Think of it this way with a poor loans book it used to trade in the region of 100 /= -two years ago or so. what if it had a good loans book that investors like so much.........I would suggest this stock for any investor witha 1 year plus horizon.
Your future depends on your dreams so go to sleep !
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