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Stanchart FY2016 Earnings
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Ericsson
#1 Posted : Wednesday, March 22, 2017 4:35:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Stanchart Kenya FY16 Earnings up By 30%
Profit Before Tax at ksh.13.288bn
Profit after Tax at ksh.9.049bn
Eanings per share sh.25.65
Dividend per share sh.20
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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muganda
#2 Posted : Wednesday, March 22, 2017 5:06:47 PM
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Joined: 9/15/2006
Posts: 3,905
Whew! Thank goodness... read an incorrect tweet (deleted) on Wazua where everything was opposite. Not good for the heart
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Ericsson
#3 Posted : Wednesday, March 22, 2017 5:09:34 PM
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Joined: 12/4/2009
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Obiero missed the mark by a billion
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#4 Posted : Wednesday, March 22, 2017 5:11:05 PM
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Wow. Impressive from those limited numbers
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VituVingiSana
#5 Posted : Wednesday, March 22, 2017 5:39:41 PM
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Joined: 1/3/2007
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Location: Nairobi
Quality bank & management. Kudos.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#6 Posted : Wednesday, March 22, 2017 5:45:16 PM
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Joined: 6/17/2009
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For a second consecutive year in this bear i have trusted this bank to make me some money ,looks like it has come good again .
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Angelica _ann
#7 Posted : Wednesday, March 22, 2017 5:48:15 PM
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Joined: 12/7/2012
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Over the years Stanchart somehow does well in a constrained, non competitive environment.
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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sparkly
#8 Posted : Wednesday, March 22, 2017 5:54:46 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
How do they get these results? Unbelievable.
Life is short. Live passionately.
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Pesa Nane
#9 Posted : Wednesday, March 22, 2017 5:59:06 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#10 Posted : Wednesday, March 22, 2017 6:02:28 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#11 Posted : Wednesday, March 22, 2017 6:10:27 PM
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Pesa Nane plans to be shilingi when he grows up.
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hisah
#12 Posted : Wednesday, March 22, 2017 6:16:23 PM
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Joined: 8/4/2010
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LLP down by a whooping 55% Applause Applause

I also noticed that this dividend pay is a hike from KES 17 to KES 20, but compared to last year's pay out ratio, it's down! FY 2015 the dividend pay was 94.6% of the earnings. This is now down to 77% of the earnings. They are retaining more money this year. Are they seeing bumps ahead in 2017?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Horton
#13 Posted : Wednesday, March 22, 2017 6:27:13 PM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
hisah wrote:
LLP down by a whooping 55% Applause Applause

I also noticed that this dividend pay is a hike from KES 17 to KES 20, but compared to last year's pay out ratio, it's down! FY 2015 the dividend pay was 94.6% of the earnings. This is now down to 77% of the earnings. They are retaining more money this year. Are they seeing bumps ahead in 2017?



LLP going down, is that a good thing?
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lochaz-index
#14 Posted : Wednesday, March 22, 2017 7:09:43 PM
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An almost 50% increase in interest expense on customer deposits, flat interest income on loans and advances, lower LLPs (anyone with the balance sheet and disclosures?)...the only savior was the money made on government securities. Seeing as they also took a hit in Q4, I don't expect them to make it to 10b PBT for FY2017. DTB has the most impressive results - so far - for Q4 followed by Kcb with a huge asterisk on the latter.
The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson
#15 Posted : Wednesday, March 22, 2017 7:41:00 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
The trajectory for this bank if you look at the past five years is flip flopping.
Last year they recorded a profit decline then this year record a growth which we have just been told.
In FY2015 net profit was down 39% and they even issued a profit warning
They have still not broken the record they set in 2014 of ksh.14.299bn profit before tax.
Other banks though reporting modest and sluggish growth are breaking previous year profit levels
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MadDoc
#16 Posted : Wednesday, March 22, 2017 8:30:41 PM
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Joined: 10/26/2015
Posts: 151
lochaz-index wrote:
An almost 50% increase in interest expense on customer deposits, flat interest income on loans and advances, lower LLPs (anyone with the balance sheet and disclosures?)...the only savior was the money made on government securities. Seeing as they also took a hit in Q4, I don't expect them to make it to 10b PBT for FY2017. DTB has the most impressive results - so far - for Q4 followed by Kcb with a huge asterisk on the latter.



https://view.publitas.co...nded-31-dec-2016/page/6


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MadDoc
#17 Posted : Wednesday, March 22, 2017 8:33:55 PM
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Posts: 151
Ericsson wrote:
The trajectory for this bank if you look at the past five years is flip flopping.
Last year they recorded a profit decline then this year record a growth which we have just been told.
In FY2015 net profit was down 39% and they even issued a profit warning
They have still not broken the record they set in 2014 of ksh.14.299bn profit before tax.
Other banks though reporting modest and sluggish growth are breaking previous year profit levels


The earnings that year were boosted by capital gains from the sale of a building or something.
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obiero
#18 Posted : Wednesday, March 22, 2017 10:44:32 PM
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Joined: 6/23/2009
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VituVingiSana wrote:
Quality bank & management. Kudos.

Shindwe

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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