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Exchange Bar: Results forecast
Rank: Member Joined: 9/9/2015 Posts: 233
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Elders please explain NBK's performance. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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The Great wrote:Elders please explain NBK's performance. @TG which kind of explanation do you require
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:The Great wrote:Elders please explain NBK's performance. @TG which kind of explanation do you require Is he aware that kcb is going to buy nbk? Towards the goal of financial freedom
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Rank: Veteran Joined: 4/23/2014 Posts: 910
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Ebenyo wrote:obiero wrote:The Great wrote:Elders please explain NBK's performance. @TG which kind of explanation do you require Is he aware that kcb is going to buy nbk? Is considering. Note " The government is said to be looking to sell the stake in NBK " Regulator ‘unaware’ of KCB’s takeover bid of National Bank, cautions publichttp://www.businessdaily...8434-2etc0hz/index.html
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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I have all the results ready apart from Member.. This quarter represents a sad story in the banking industry
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: 9/14/2011 Posts: 834 Location: nairobi
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obiero wrote:I have all the results ready apart from Member.. This quarter represents a sad story in the banking industry how is DTB and KCB doing?
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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heri wrote:obiero wrote:I have all the results ready apart from Member.. This quarter represents a sad story in the banking industry how is DTB and KCB doing? Not too good bro. But better than the rest
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: 9/14/2011 Posts: 834 Location: nairobi
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obiero wrote:heri wrote:obiero wrote:I have all the results ready apart from Member.. This quarter represents a sad story in the banking industry how is DTB and KCB doing? Not too good bro. But better than the rest I have a 30% gain on DTB which i think i better take but for KCB i will hold since i have no gains to talk about
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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The Exchange Bar Quarterly Forecast for Q3 2017, PBT figures in KES B: KCB 21.8 EQTY 20.4 COOP 14.4 SCBK 7.7 DTB 7.6 BBK 7.4 I&M 6.6 CFC 3.9 NIC 3.9 HFCK 0.41 NBK 0.31
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: 9/14/2011 Posts: 834 Location: nairobi
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obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2017, PBT figures in KES B:
KCB 21.8
EQTY 20.4
COOP 14.4
SCBK 7.7
DTB 7.6
BBK 7.4
I&M 6.6
CFC 3.9
NIC 3.9
HFCK 0.41
NBK 0.31 NIC compared to 2016 means a whopping -24% drop in PBT???. All showing dropped PBT other than KCB as compared to Q3 in 2016. Even DTB shows dropped PBT as compared to 2016.
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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heri wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2017, PBT figures in KES B:
KCB 21.8
EQTY 20.4
COOP 14.4
SCBK 7.7
DTB 7.6
BBK 7.4
I&M 6.6
CFC 3.9
NIC 3.9
HFCK 0.41
NBK 0.31 NIC compared to 2016 means a whopping -24% drop in PBT???. All showing dropped PBT other than KCB as compared to Q3 in 2016. Even DTB shows dropped PBT as compared to 2016. Even KCB is down
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: 12/4/2009 Posts: 10,702 Location: NAIROBI
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obiero wrote:heri wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2017, PBT figures in KES B:
KCB 21.8
EQTY 20.4
COOP 14.4
SCBK 7.7
DTB 7.6
BBK 7.4
I&M 6.6
CFC 3.9
NIC 3.9
HFCK 0.41
NBK 0.31 NIC compared to 2016 means a whopping -24% drop in PBT???. All showing dropped PBT other than KCB as compared to Q3 in 2016. Even DTB shows dropped PBT as compared to 2016. Even KCB is down Equity 20.4bn profit will be a hard nut to crack bearing that they have the KQ loan to write off,RVR and Tranny. Half Year PBT was 13.3bn so them doing 7.1bn in Q3 when we had election manenos. KCB 21.8bn in Q3.Half Year they did 14.75bn meaning they need to have made 7bn with election manenos. Heee things are tough for the banking sector Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Moody's warns of possible downgrade of Kenya's largest banks, citing deterioration of Kenya Govt’s credit profile Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2017, PBT figures in KES B:
KCB 21.8
EQTY 20.4
COOP 14.4
SCBK 7.7
DTB 7.6
BBK 7.4
I&M 6.6
CFC 3.9
NIC 3.9
HFCK 0.41
NBK 0.31 There was a time not that long ago when SCBK & BBK were by far the leaders in PBT. Well, KCB was there too with fake profits! Now the likes of DTB have caught up with BBK and SCBK. Equity was a sapling back then but which has grown to be as large as SCBK & BBK combined! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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bartum wrote:https://m.moodys.com/Research.html?docid=PR_373151
Things not looking good Things are looking bad is the correct statement
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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obiero wrote:bartum wrote:https://m.moodys.com/Research.html?docid=PR_373151
Things not looking good Things are looking bad is the correct statement Quote:Nonetheless, Co-op Bank's problem loans (excluding interest in suspense) of 4.5% of gross loans as of June 2017, remain better than larger rated domestic peers, reflecting its corporate focus including lending to Kenya's Savings and Credit Co-operative Organisations and salary-assigned personal lending.  Quote:More than 100 deposit-taking savings and credit co-operatives (saccos) did not meet the mandatory capital ratio requirement in 2016, raising questions over their fitness in the key credit market. Market regulator, the Sacco Societies Regulatory Authority (Sasra) says in its report for the period ending December 31, 2016 that only 69 of the 175 deposit-taking saccos met and maintained the prescribed minimum institutional capital adequacy (ICA) ratio of eight per cent, meaning more than half the lenders are in breach of the law. link After GFC I don't take the rating agencies too seriously. Credit crunch shit storm is gathering pace. Stay woke
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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wukan wrote:obiero wrote:bartum wrote:https://m.moodys.com/Research.html?docid=PR_373151
Things not looking good Things are looking bad is the correct statement Quote:Nonetheless, Co-op Bank's problem loans (excluding interest in suspense) of 4.5% of gross loans as of June 2017, remain better than larger rated domestic peers, reflecting its corporate focus including lending to Kenya's Savings and Credit Co-operative Organisations and salary-assigned personal lending. Quote:More than 100 deposit-taking savings and credit co-operatives (saccos) did not meet the mandatory capital ratio requirement in 2016, raising questions over their fitness in the key credit market. Market regulator, the Sacco Societies Regulatory Authority (Sasra) says in its report for the period ending December 31, 2016 that only 69 of the 175 deposit-taking saccos met and maintained the prescribed minimum institutional capital adequacy (ICA) ratio of eight per cent, meaning more than half the lenders are in breach of the law. link After GFC I don't take the rating agencies too seriously. Credit crunch shit storm is gathering pace. Stay woke Shit has hit the fan
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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obiero wrote:obiero wrote:A dissapointing run has come to an end, KQ-reborn now in play.. The high heavens await this share, noting change of financial year to Dec 2017. Our first net profit in 5 long years, is in near sight.. Profits, EBIT (KSh m) From 2002 to 2016 descending: 547 2,075 5,520 6,960 5,975 6,526 (5,664) 2,671 5,002 2,146 (10,826) (4,861) (29,712) (26,099) (10,202)  *HF 2017 projection Results expected to be released on 25.10.2017 Patiently waiting..
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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VituVingiSana wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2017, PBT figures in KES B:
KCB 21.8
EQTY 20.4 Actual 20.7
COOP 14.4
SCBK 7.7
DTB 7.6
BBK 7.4
I&M 6.6
CFC 3.9
NIC 3.9
HFCK 0.41
NBK 0.31 There was a time not that long ago when SCBK & BBK were by far the leaders in PBT. Well, KCB was there too with fake profits! Now the likes of DTB have caught up with BBK and SCBK. Equity was a sapling back then but which has grown to be as large as SCBK & BBK combined! The elder has spoken
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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