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Exchange Bar: Results forecast
Rank: Member Joined: 3/20/2008 Posts: 503
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Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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littledove wrote:xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. Loss before tax ndio muhimu Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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 Actual -0.137 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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littledove wrote:xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. On the right track
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: 10,684 Location: NAIROBI
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obiero wrote:littledove wrote:xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. On the right track Bandia firm Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 10/31/2017 Posts: 14
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Ericsson wrote:obiero wrote:littledove wrote:xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. On the right track Bandia firm Considering HF whistleblower Credit Director Kevin Isika won his court battle against the bank,over 10 dubious Directors and General Managers were "exited" from the organization,a total bandia firm
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:littledove wrote:xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. On the right track Expect another loss this year. Britam will put it's stake up for sale soon Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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Ericsson wrote:obiero wrote:littledove wrote:xxxxx wrote:Ericsson wrote:HFCK always the last has just released it's FY results today Weka rink PS. https://kenyanwallstreet.com/hf-group-posts-ksh110-million-net-loss-in-2019/HF Group’s net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating expenses by 17 percent to KSh6.7 billion from KSh8.0 billion in 2018. HF Group reduced its workforce by 9% in 2018, an exercise that lowered operating expenses in 2019. On the right track Expect another loss this year. Britam will put it's stake up for sale soon Possible but unlikely
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: 12/7/2012 Posts: 11,908
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How are the 1st quarter 2020 for banks? 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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Rank: Member Joined: 3/20/2008 Posts: 503
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Angelica _ann wrote:How are the 1st quarter 2020 for banks? Exchange bar is in lock down  
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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xxxxx wrote:Angelica _ann wrote:How are the 1st quarter 2020 for banks? Exchange bar is in lock down Tunakunywa online via Zoom.. Tough times
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: 13,518 Location: nairobi
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Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B: KCB 9.2 EQTY 7.8 COOP 5.2 I&M 3.6 NCBA 3.3 SCBK 3.1 ABSA 3.0 DTB 2.8 STANB 1.9 HFCK -0.034 Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP
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: 10,684 Location: NAIROBI
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obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well
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: 12/7/2012 Posts: 11,908
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obiero wrote:Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well Initial experience in SS was nasty, i support local expansion and deepening. 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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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well Initial experience in SS was nasty, i support local expansion and deepening. Limited and competitive market. The region has many risks but there's more opportunity. It takes guts, money and patience. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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VituVingiSana wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well Initial experience in SS was nasty, i support local expansion and deepening. Limited and competitive market. The region has many risks but there's more opportunity. It takes guts, money and patience. Nationalism in the other states doesn't help. Remember the green one took 11 years to break even in TZ. 11 YEARS!
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: 10,684 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well Initial experience in SS was nasty, i support local expansion and deepening. Limited and competitive market. The region has many risks but there's more opportunity. It takes guts, money and patience. Nationalism in the other states doesn't help. Remember the green one took 11 years to break even in TZ. 11 YEARS! Tell them,Equity,NIC and CBA in Tanzania are still in loss making territory Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:obiero wrote:VituVingiSana wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP Coop has decided to grow locally instead of regional Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well Initial experience in SS was nasty, i support local expansion and deepening. Limited and competitive market. The region has many risks but there's more opportunity. It takes guts, money and patience. Nationalism in the other states doesn't help. Remember the green one took 11 years to break even in TZ. 11 YEARS! Tell them,Equity,NIC and CBA in Tanzania are still in loss making territory It takes guts, money and patience. 1) Is Equity losing money in TZ? Please tell me what Equity has lost in TZ in 2017, 2018 and 2019. Not every year can be profitable but good firms make up for bad years. I await your answer. 2) Is Equity losing money in UG? Please tell me what Equity has lost in UG in 2017, 2018 and 2019. I await your answer. 3) Is Equity losing money in RW? Please tell me what Equity has lost in RW in 2017, 2018 and 2019. I await your answer. 4) DTB has been in UG and TZ for many, many years and is generally profitable. Patience and guts. 5) I&M is also (overall) profitable in TZ, RW and Mauritius. Patience and guts. KCB doesn't have the benefits of GoK favoring it in TZ. No special treatment. In the markets where KCB doesn't have the implicit and explicit support of GoK, Equity is kicking KCB to the kerb. NIC has performed poorly compared to its peers in Kenya. I used to be a fan but I admit I was overly optimistic vs peers like I&M, DTB and even CBA. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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