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CFC Stanbic 1Q18
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Pesa Nane
#1 Posted : Thursday, May 10, 2018 6:49:54 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c




MESSAGE FROM THE DIRECTORS
The above statement of financial position, statement of comprehensive income and other disclosures are extracts from the records of the Bank. This set of unaudited financial statements, statutory and qualitative disclosures can be accessed on the institution’s website
www.stanbicbank.co.ke. It may also be accessed at the institution’s Head Office located at Stanbic Bank Centre, Chiromo Road, Westlands.

The financial statements were approved by the Board of Directors on 03 May 2018 and signed on its behalf by:-

Charles Mudiwa, Chief Executive

F N Ojiambo, MBS, SC, Chairman

Christopher Newson, Director

L N Mbindyo
Company Secretary
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#2 Posted : Thursday, May 10, 2018 11:46:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
LLPs are down (260mn) YOY.
And even more pronounced when compared to Q4 2017.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#3 Posted : Thursday, August 09, 2018 12:58:43 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
HY18 loading...... see you tomorrow.
Pesa Nane plans to be shilingi when he grows up.
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Impunity
#4 Posted : Thursday, August 09, 2018 6:54:17 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Pesa Nane wrote:
HY18 loading...... see you tomorrow.

smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Angelica _ann
#5 Posted : Thursday, August 09, 2018 7:03:34 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Impunity wrote:
Pesa Nane wrote:
HY18 loading...... see you tomorrow.

smile


smile
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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Ericsson
#6 Posted : Friday, August 10, 2018 8:34:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
PAT up 105% from ksh.1.7bn to 3.6bn.
Net interest income up 12%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#7 Posted : Friday, August 10, 2018 8:47:31 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
PAT up 105% from ksh.1.7bn to 3.6bn.
Net interest income up 12%


No wonder they want to buy minority shareholders!!!
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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VituVingiSana
#8 Posted : Friday, August 10, 2018 9:20:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Hah!

Wajanja.

1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.

Now I wait for Unga!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#9 Posted : Friday, August 10, 2018 11:07:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
VituVingiSana wrote:
Hah!

Wajanja.

1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.

Now I wait for Unga!


Share price today trading at 98
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#10 Posted : Saturday, August 11, 2018 9:31:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
VituVingiSana wrote:
Hah!

Wajanja.

1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.

Now I wait for Unga!


Hiyo ni hujuma and lack of respect
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#11 Posted : Sunday, August 12, 2018 7:25:25 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
VituVingiSana wrote:
Hah!

Wajanja.

1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.

Now I wait for Unga!


Hiyo ni hujuma and lack of respect


Tuliwaona kwa mbali
Life is short. Live passionately.
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VituVingiSana
#12 Posted : Sunday, August 12, 2018 5:11:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Hah!

Wajanja.

1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.

Now I wait for Unga!


Hiyo ni hujuma and lack of respect


Tuliwaona kwa mbali

Hujuma? Lack of respect?
How?

@sparkly - What do you mean?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#13 Posted : Sunday, August 12, 2018 5:20:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
Hah!

Wajanja.

1) SAHL bought out some of the minority shareholders in/around July 2018 and thus didn't even give them the FY 2017 dividend. The benefits of the funds used to generate profits in FY 2017 were not passed along!
2) Then SAHL also screwed them over for 1H 2018's dividend. Same story.

Now I wait for Unga!


Hiyo ni hujuma and lack of respect


Tuliwaona kwa mbali

Hujuma? Lack of respect?
How?
Buying out minority shareholders and not entitling them to dividend

@sparkly - What do you mean?

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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