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KCB 2018 and Beyond
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? Unlikely.. KES 2 additional to the interim, at best
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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obiero wrote:heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? Unlikely.. KES 2 additional to the interim, at best They may do 2.5 final. To go back to the pre-covid level.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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My 2 cents wrote:obiero wrote:heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? Unlikely.. KES 2 additional to the interim, at best They may do 2.5 final. To go back to the pre-covid level. Sorry thats a typo...unchanged at Kes3...updated now
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Rank: Veteran Joined: 8/10/2014 Posts: 967 Location: Kenya
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heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? 4 bob is very much doable since it is close to 30% of EPS which is a similar payout ratio to last year when they made the acquisition of BPR.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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watesh wrote:heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? 4 bob is very much doable since it is close to 30% of EPS which is a similar payout ratio to last year when they made the acquisition of BPR. That would be nice but they need to retain capital to support double digit balance sheet expansion...
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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the deal wrote:watesh wrote:heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? 4 bob is very much doable since it is close to 30% of EPS which is a similar payout ratio to last year when they made the acquisition of BPR. That would be nice but they need to retain capital to support double digit balance sheet expansion... exactly
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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My 2 cents wrote:Sufficiently Philanga....thropic wrote:My 2 cents wrote:Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 Where can we find the full set of results. Dividend payment date? Dividend payment date 13 January 2023 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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watesh wrote:Sufficiently Philanga....thropic wrote:My 2 cents wrote:Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range FY EPS is projected at 12.64 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? Money for DRC expansion has already being factored in. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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obiero wrote:heri wrote:the deal wrote:watesh wrote:Sufficiently Philanga....thropic wrote:[quote=My 2 cents]Q3 net profit up 21%
Interim dividend of 1 bob.
But does anyone in Wazua care? Forum is near dead. Q3 2022 EPS 12.64 VS Q3 2021 EPS 10.44 Projected FY EPS = 16.85 Projected P/E Ratio at current MPS of 37.65 is 2.23 KCB annualized its EPS in these quarterly results. So FY EPS should be in the same range Just dropped my notes on this stock here https://davismika.substa...-group-q3-2022-earnings[/quote] You think they will pay dividend of 4 bob even with the DRC acquisition? Unlikely.. KES 2 additional to the interim, at best Ksh,2.5 to 3 final dividend bring total dividend to between ksh.3.5 to 4 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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TMB DRC acquisition concluded. TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Time will tell Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Similar things were said about South Sudan. Remember, high risk high return is a mantra
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. We wait to see if it will require cash infusions like Equity BCDC.Equity BCDC is planning to issue a commercial paper next year after getting ksh.11 billion infusion from Equity Group with no change in shareholding. https://www.businessdail...l-into-drc-unit-3780166
TMB DRC will give Equity BCDC a run and competition. Equitel has never published it's financial results nr mention its revenue,kwani they are doing charity. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. We wait to see if it will require cash infusions like Equity BCDC.Equity BCDC is planning to issue a commercial paper next year after getting ksh.11 billion infusion from Equity Group with no change in shareholding. https://www.businessdail...l-into-drc-unit-3780166
TMB DRC will give Equity BCDC a run and competition. Equitel has never published it's financial results nr mention its revenue,kwani they are doing charity. On the 11bn, I need to look at it but it depends on whether it is Tier 1 or 2. The article says " Equity is set to inject additional capital of $100 million (Sh11.5 billion) into its new subsidiary Equity Banque Commerciale du Congo (Equity BCDC)." and not that it has invested 11bn. If it is Tier1 then more shares will be issued to Equity Group. If others do not invest their share then Equity's shareholding in Equity BCDC will increase. The Annual Report will have more info. Equitel does not need to publish results. It is almost an appendage that supports the larger bank. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. We wait to see if it will require cash infusions like Equity BCDC.Equity BCDC is planning to issue a commercial paper next year after getting ksh.11 billion infusion from Equity Group with no change in shareholding. https://www.businessdail...l-into-drc-unit-3780166
TMB DRC will give Equity BCDC a run and competition. Equitel has never published it's financial results nr mention its revenue,kwani they are doing charity. On the 11bn, I need to look at it but it depends on whether it is Tier 1 or 2. The article says " Equity is set to inject additional capital of $100 million (Sh11.5 billion) into its new subsidiary Equity Banque Commerciale du Congo (Equity BCDC)." and not that it has invested 11bn. If it is Tier1 then more shares will be issued to Equity Group. If others do not invest their share then Equity's shareholding in Equity BCDC will increase. The Annual Report will have more info. Equitel does not need to publish results. It is almost an appendage that supports the larger bank. Sure let's wait for the annual report for the finer details. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,677 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:obiero wrote:Ericsson wrote:TMB DRC acquisition concluded.
TMB balance sheet size is $1.7bn making TMB the second largest subsidiary in the KCB Group Simba KCB will now become the third largest bank in DRC, trailing only Rawbank and EquityBCDC. “We are looking at trade finance as a big product to facilitate cross-border trading,” said KCB Chief Financial Officer Lawrence Kimathi. Mr Kimathi added that the acquisition would also help the lender expand its loan book, noting that since announcing the deal with TMB, the lender has received a pipeline of KES 28 billion in facilities from sectors such as energy, cement manufacturing, and mining. However, KCB is interested in trade financing, which protects parties involved in cross-border trade from risks such as currency fluctuations, political instability, and nonpayment issues. - TMB will likely require cash/capital infusions. - What did KCB pay for TMB? I bet Equity got in much cheaper. King James has skin in the game. - Risks in DRC with the constant wars/drama? - Equity has Equitel piggybacking on Airtel. Can Vooma compete? All in all, if peace holds, then this will be good for KCB. Not easy though. Unconfirmed reports say KCB paid ksh.15.7bn for the 85% stake Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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