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ABSA Annual Performance

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HaMaina		#1 Posted : Wednesday, March 24, 2021 1:38:12 PM
Rank: Veteran Joined: 4/23/2014 Posts: 909		I don't remember a time when ABSa/Barclays or whatever they want to call themselves, ever used the words " The Board of Directors do not recommend payment of dividend in 2020 " in their financial statement. Reduced dividend yes but not no dividend. Waombewe “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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Ericsson		#2 Posted : Wednesday, March 24, 2021 2:06:34 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		HaMaina wrote: I don't remember a time when ABSa/Barclays or whatever they want to call themselves, ever used the words " The Board of Directors do not recommend payment of dividend in 2020 " in their financial statement. Reduced dividend yes but not no dividend. Waombewe Even the economy has never been at this state of indebtedness Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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HaMaina		#3 Posted : Wednesday, March 24, 2021 2:11:35 PM
Rank: Veteran Joined: 4/23/2014 Posts: 909		Ericsson wrote: HaMaina wrote: I don't remember a time when ABSa/Barclays or whatever they want to call themselves, ever used the words " The Board of Directors do not recommend payment of dividend in 2020 " in their financial statement. Reduced dividend yes but not no dividend. Waombewe Even the economy has never been at this state of indebtedness What has CooP and KCB done different, since the economy is the same for all. “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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Ericsson		#4 Posted : Wednesday, March 24, 2021 2:30:45 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		HaMaina wrote: Ericsson wrote: HaMaina wrote: I don't remember a time when ABSa/Barclays or whatever they want to call themselves, ever used the words " The Board of Directors do not recommend payment of dividend in 2020 " in their financial statement. Reduced dividend yes but not no dividend. Waombewe Even the economy has never been at this state of indebtedness What has CooP and KCB done different, since the economy is the same for all. Coop is majorly the saccos bank,so the sacco business has given it a cushion. KCB,government and civil servants business ABSA deals with private individuals,corporates,SMEs. The defaults/restructured loans as a percentage of its loan book is high. Then add the rebranding and separation from Barclays costs they have incurred. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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maka		#5 Posted : Thursday, March 25, 2021 8:48:15 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Ericsson wrote: HaMaina wrote: Ericsson wrote: HaMaina wrote: I don't remember a time when ABSa/Barclays or whatever they want to call themselves, ever used the words " The Board of Directors do not recommend payment of dividend in 2020 " in their financial statement. Reduced dividend yes but not no dividend. Waombewe Even the economy has never been at this state of indebtedness What has CooP and KCB done different, since the economy is the same for all. Coop is majorly the saccos bank,so the sacco business has given it a cushion. KCB,government and civil servants business ABSA deals with private individuals,corporates,SMEs. The defaults/restructured loans as a percentage of its loan book is high. Then add the rebranding and separation from Barclays costs they have incurred. Stanchart have recommended a full year div of KES 10.50.... Well.... possunt quia posse videntur
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babashuge		#6 Posted : Thursday, March 25, 2021 11:21:04 AM
Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi		The price drop begins. Question is, are they a good longer term buy as the share price drops?
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