Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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kawi254 wrote:piedpiper wrote:So, is this a buy then? Q1 results next week will answer you question... This was the right answer... From SCBK Q1/21 results is the bank profitable Y/N ? The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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young wrote:kawi254 wrote:piedpiper wrote:So, is this a buy then? Q1 results next week will answer you question... This was the right answer... From SCBK Q1/21 results is the bank profitable Y/N ? Somebody has pointed out that the profitability accrued essentially from cost cutting measures including, but not limited to, reducing staff numbers. So be the judge.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Queen wrote:young wrote:kawi254 wrote:piedpiper wrote:So, is this a buy then? Q1 results next week will answer you question... This was the right answer... From SCBK Q1/21 results is the bank profitable Y/N ? Somebody has pointed out that the profitability accrued essentially from cost cutting measures including, but not limited to, reducing staff numbers. So be the judge. With the way in which they have closed most of their branches I see them exiting the retail business and remaining with corporate and wealth management business Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 4/21/2015 Posts: 151
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Ericsson wrote:Queen wrote:young wrote:kawi254 wrote:piedpiper wrote:So, is this a buy then? Q1 results next week will answer you question... This was the right answer... From SCBK Q1/21 results is the bank profitable Y/N ? Somebody has pointed out that the profitability accrued essentially from cost cutting measures including, but not limited to, reducing staff numbers. So be the judge. With the way in which they have closed most of their branches I see them exiting the retail business and remaining with corporate and wealth management business Wealth management needs retail accounts.It will be customers who need a physical branch who will fall out eventually.Cloud banking.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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AndyC wrote:Ericsson wrote:Queen wrote:young wrote:kawi254 wrote:piedpiper wrote:So, is this a buy then? Q1 results next week will answer you question... This was the right answer... From SCBK Q1/21 results is the bank profitable Y/N ? Somebody has pointed out that the profitability accrued essentially from cost cutting measures including, but not limited to, reducing staff numbers. So be the judge. With the way in which they have closed most of their branches I see them exiting the retail business and remaining with corporate and wealth management business Wealth management needs retail accounts.It will be customers who need a physical branch who will fall out eventually.Cloud banking. In corporate and wealth management business ATMs will be done away with. No personal loans Banking will only be for High networth individuals. Branches will be in selected towns where the high networth individuals are residing. The bank will be nearly like Citibank Kenya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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Ericsson wrote:AndyC wrote:Ericsson wrote:Queen wrote:young wrote:kawi254 wrote:piedpiper wrote:So, is this a buy then? Q1 results next week will answer you question... This was the right answer... From SCBK Q1/21 results is the bank profitable Y/N ? Somebody has pointed out that the profitability accrued essentially from cost cutting measures including, but not limited to, reducing staff numbers. So be the judge. With the way in which they have closed most of their branches I see them exiting the retail business and remaining with corporate and wealth management business Wealth management needs retail accounts.It will be customers who need a physical branch who will fall out eventually.Cloud banking. In corporate and wealth management business ATMs will be done away with. No personal loans Banking will only be for High networth individuals. Branches will be in selected towns where the high networth individuals are residing. The bank will be nearly like Citibank Kenya Beyond individual perception :- ATMs still relevant in SCBK https://www.businessdail...cheque-deposits-3416568
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 3/16/2019 Posts: 313
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StanChart to offer mobile loans after CBK approval - BDQuote:The company’s historical focus on affluent customers has seen it miss out on increased uptake of banking services among millions of poor Kenyans, a significant number of whom have ascended to the middle class.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Kibe21 wrote:kawi254 wrote:Kibe21 wrote:Monk wrote:Kibe21 wrote:Is 135/= a good entry price ex-dividend? Historically, it is. Held my horses but will grab some at 132/=. got in at 132/=....Each time i have bought @275/=, @265/=, @231/= & @190/= i was thinking i was getting SCBK at lowest. someone has a very big iceberg sale order @132/=. I know the seller doesn't want to spook the SCBK share falling further on account of big sale order but is this legal here? i.e hiding orders from other traders? Any idea what the volume is/was? There has been constant supply of 25k+ shares daily @132/=. Death pangs,share price stuck at 130-132 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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Ericsson wrote:Kibe21 wrote:kawi254 wrote:Kibe21 wrote:Monk wrote:Kibe21 wrote:Is 135/= a good entry price ex-dividend? Historically, it is. Held my horses but will grab some at 132/=. got in at 132/=....Each time i have bought @275/=, @265/=, @231/= & @190/= i was thinking i was getting SCBK at lowest. someone has a very big iceberg sale order @132/=. I know the seller doesn't want to spook the SCBK share falling further on account of big sale order but is this legal here? i.e hiding orders from other traders? Any idea what the volume is/was? There has been constant supply of 25k+ shares daily @132/=. Death pangs,share price stuck at 130-132 127.75  a very huge seller trying to exit 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: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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kawi254 wrote:Kibe21 wrote:Monk wrote:Kibe21 wrote:Is 135/= a good entry price ex-dividend? Historically, it is. Held my horses but will grab some at 132/=. got in at 132/=....Each time i have bought @275/=, @265/=, @231/= & @190/= i was thinking i was getting SCBK at lowest. someone has a very big iceberg sale order @132/=. I know the seller doesn't want to spook the SCBK share falling further on account of big sale order but is this legal here? i.e hiding orders from other traders? Good question kawi254, nobody wants to show the total order on the board to avoid spooking the market. No one knows when this huge sell order will be filled, and the price the share will hit on completion of the order. @SufficientlyP
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