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Exchange Bar: Results forecast
Ericsson
#2121 Posted : Wednesday, March 25, 2020 10:05:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2122 Posted : Wednesday, March 25, 2020 12:38:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Angelica _ann wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
[quote=Angelica _ann]Full year results?????

Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9
EQTY 33.1
COOP 20.6
NCBA 15.1
I&M 12.4
SCBK 12.3
ABSA 12.2
DTB 11.6
STANB 8.2
HFCK 0.047
Asante.
Who would have thought 15 years ago that I&M would be making more profits than SCBK & BBK/ABSA.
That Equity would be larger than Coop, SCB, BBK, NBK, etc.
HFCK would become a minnow.
That DTB would be beating CFC+Stanbic?

Pleasantly surprised by I&M. BBK is a sad story indeed, the less said the better. HF should be bought by one of the tier I


Coop will soon be another BBK story. Doing well more so because of the Coop movement. Limited innovation and market aggressiveness.

Gideon is comfortable and has run out of ideas

COOP has opened a few new branches in prime locations hence additional income generation capacity. I doubt with a PBT of over 20B that Gideon's machine has fully lost his shine


When did Coop surpass PBT of over sh.20bn in it's history of existence?

When the exchange bar talks you shut up and listen https://www.the-star.co....019-up-by-125-per-cent/[/quote]
Read keenly my statement,this is the first time they have achieved.
What is the exchange bar telling you about kq and the glorified open offer
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2123 Posted : Thursday, March 26, 2020 10:57:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#2124 Posted : Thursday, March 26, 2020 11:25:37 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!
Life is short. Live passionately.
Ericsson
#2125 Posted : Friday, March 27, 2020 10:27:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#2126 Posted : Friday, March 27, 2020 11:58:29 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,519
Location: nairobi
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Monk
#2127 Posted : Friday, March 27, 2020 8:13:24 PM
Rank: Member


Joined: 7/1/2009
Posts: 256
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
VituVingiSana
#2128 Posted : Friday, March 27, 2020 8:20:10 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#2129 Posted : Friday, March 27, 2020 10:54:38 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks


Which banks are in position 1 and 2?
Life is short. Live passionately.
Ericsson
#2130 Posted : Saturday, March 28, 2020 12:22:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks


Which banks are in position 1 and 2?

KCB
Equity
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#2131 Posted : Saturday, March 28, 2020 5:55:06 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,519
Location: nairobi
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#2132 Posted : Saturday, March 28, 2020 8:23:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu
I actually feel for KQ. This is not a KQ thread.
I am Applause the dividend policies (high payout ratio when they aren't expanding) of BAT, SCBK and BBK vs I&M, DTB and KenRe. I have a few BAT & SCBK and those dividends are welcome when others are being stingy.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#2133 Posted : Saturday, March 28, 2020 8:36:52 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu
I actually feel for KQ. This is not a KQ thread.
I am Applause the dividend policies (high payout ratio when they aren't expanding) of BAT, SCBK and BBK vs I&M, DTB and KenRe. I have a few BAT & SCBK and those dividends are welcome when others are being stingy.


In any case despite the high dividend policy, they still have adequate reserves way better than many at NSE. Tunamumunya dividends year in year out!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
sparkly
#2134 Posted : Saturday, March 28, 2020 9:27:19 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu
I actually feel for KQ. This is not a KQ thread.
I am Applause the dividend policies (high payout ratio when they aren't expanding) of BAT, SCBK and BBK vs I&M, DTB and KenRe. I have a few BAT & SCBK and those dividends are welcome when others are being stingy.


In any case despite the high dividend policy, they still have adequate reserves way better than many at NSE. Tunamumunya dividends year in year out!!!


The problem is loss of market share in a competitive sector. This means that the high payout is not sustainable. The result is a fall of the price of the stock and a high yield.

A good demonstration is NMG with a dividend yield of 20.66% but over 100% payout. Capital erosion is a reality in view of the loss of print revenues.
Life is short. Live passionately.
VituVingiSana
#2135 Posted : Monday, March 30, 2020 2:28:44 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
sparkly wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu
I actually feel for KQ. This is not a KQ thread.
I am Applause the dividend policies (high payout ratio when they aren't expanding) of BAT, SCBK and BBK vs I&M, DTB and KenRe. I have a few BAT & SCBK and those dividends are welcome when others are being stingy.


In any case despite the high dividend policy, they still have adequate reserves way better than many at NSE. Tunamumunya dividends year in year out!!!


The problem is loss of market share in a competitive sector. This means that the high payout is not sustainable. The result is a fall of the price of the stock and a high yield.

A good demonstration is NMG with a dividend yield of 20.66% but over 100% payout. Capital erosion is a reality in view of the loss of print revenues.

1) What loss of market share is BAT suffering from?
2) BAT and SCBK's DY is based on current (FY2019) dividends. NMG's is based on FY2018. Apples to Oranges.
3) NMG Newspapers is in a dying industry almost all over the world. Even Warren Buffett tossed up his hands and sold his newspaper business.
Whereas the number of smokers is reducing as a % of the population, cigarettes cannot be pdf'd and shared via WhatsApp.
SCBK and ABSA need to up their game but their size isn't shrinking though the market share has. Not all firms need/want to grow.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#2136 Posted : Monday, March 30, 2020 6:59:13 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,519
Location: nairobi
VituVingiSana wrote:
sparkly wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu
I actually feel for KQ. This is not a KQ thread.
I am Applause the dividend policies (high payout ratio when they aren't expanding) of BAT, SCBK and BBK vs I&M, DTB and KenRe. I have a few BAT & SCBK and those dividends are welcome when others are being stingy.


In any case despite the high dividend policy, they still have adequate reserves way better than many at NSE. Tunamumunya dividends year in year out!!!


The problem is loss of market share in a competitive sector. This means that the high payout is not sustainable. The result is a fall of the price of the stock and a high yield.

A good demonstration is NMG with a dividend yield of 20.66% but over 100% payout. Capital erosion is a reality in view of the loss of print revenues.

1) What loss of market share is BAT suffering from?
2) BAT and SCBK's DY is based on current (FY2019) dividends. NMG's is based on FY2018. Apples to Oranges.
3) NMG Newspapers is in a dying industry almost all over the world. Even Warren Buffett tossed up his hands and sold his newspaper business.
Whereas the number of smokers is reducing as a % of the population, cigarettes cannot be pdf'd and shared via WhatsApp.
SCBK and ABSA need to up their game but their size isn't shrinking though the market share has. Not all firms need/want to grow.

Absurd for one to say not all firms need to grow.. Loss of marker share is shrinkage! Wewe umetoka wapi mzee

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#2137 Posted : Monday, March 30, 2020 7:59:07 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Laughing out loudly Laughing out loudly Laughing out loudly

@Obiero - Growth of market share is not important for all firms. What's important is profitability.

A steady but PROFITABLE market share beats a loss-making but growing market share unless the end-game is enhanced profitability. Growing market share comes with risks.

Some firms may even lose market share but remain very profitable on a RoE or RoI basis.

Does ARM come to mind?
Or KQ?

Anyway, as some of us age, we may want consistent dividends and not growth. smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Monk
#2138 Posted : Monday, March 30, 2020 10:03:05 AM
Rank: Member


Joined: 7/1/2009
Posts: 256
sparkly wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Monk wrote:
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Exchange Bar Forecast for FY 2019, PBT figures in KES B:
KCB 36.9 Actual 36.9
EQTY 33.1 Actual 31.4
COOP 20.6 Actual 20.7
NCBA 15.1 Actual 11.17 (13.3 before exceptional item)
I&M 12.4 Actual 14.6
SCBK 12.3 Actual 12.2
ABSA 12.2 Actual 10.75 (12.3 before one-off charges)
DTB 11.6 Actual 11.3
STANB 8.2 Actual 7.7
HFCK 0.047


How the mighty Barclays and SCB have fallen!


But they give better dividends.
Stanchart is position 3 and Barclays 4 in dividend rankings among the listed banks

Higher dividend yield with lower profitability. Very odd management


There are worse management styles eg giving out profits as bonus to staff members at the expense of shareholders, or finding other ways to squander revenues like KQ has been doing for years, leaving shareholders with negative equity. I didn't even get to Merali, Wamae, and GOK. To each his own...I prefer the BAT, SCBK and BBK Div payment policy.
Applause Applause Applause

Wewe mzee ukiona KQ ikitajwa utaclap tu
I actually feel for KQ. This is not a KQ thread.
I am Applause the dividend policies (high payout ratio when they aren't expanding) of BAT, SCBK and BBK vs I&M, DTB and KenRe. I have a few BAT & SCBK and those dividends are welcome when others are being stingy.


In any case despite the high dividend policy, they still have adequate reserves way better than many at NSE. Tunamumunya dividends year in year out!!!


The problem is loss of market share in a competitive sector. This means that the high payout is not sustainable. The result is a fall of the price of the stock and a high yield.

A good demonstration is NMG with a dividend yield of 20.66% but over 100% payout. Capital erosion is a reality in view of the loss of print revenues.


Lose of market share doesn't always mean losses, or reduced profits. Sustainability only becomes an issue if the company goes into loss territory. In any case, I and the company are separate entities. As a minority shareholder, I'm looking for a reasonable return on investment, preferably less than 10 years, and an income. No one knows what shocks will take down the firm tomorrow, and with it your investment. I mitigate this risk by avoiding or minimizing banking on promises.

NMG, as @VVS indicated, was doomed by an industry specific challenge, not its Div payment policy. Print media houses that don't pay dividends are equally affected.
Ericsson
#2139 Posted : Tuesday, March 31, 2020 10:00:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
HFCK always the last has just released it's FY results today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#2140 Posted : Tuesday, March 31, 2020 1:09:41 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
HFCK always the last has just released it's FY results today


Last day!!!!!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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