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Stanchart FY2016 Earnings
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.
hisah
#12 Posted : Wednesday, March 22, 2017 6:16:23 PM
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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?
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Horton
#13 Posted : Wednesday, March 22, 2017 6:27:13 PM
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Joined: 8/30/2007
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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?
lochaz-index
#14 Posted : Wednesday, March 22, 2017 7:09:43 PM
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Joined: 9/18/2014
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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.
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Ericsson
#15 Posted : Wednesday, March 22, 2017 7:41:00 PM
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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
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MadDoc
#16 Posted : Wednesday, March 22, 2017 8:30:41 PM
Rank: Member

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


MadDoc
#17 Posted : Wednesday, March 22, 2017 8:33:55 PM
Rank: Member

Joined: 10/26/2015
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.
obiero
#18 Posted : Wednesday, March 22, 2017 10:44:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
VituVingiSana wrote:
Quality bank & management. Kudos.

Shindwe

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