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Barclays - 2018 and beyond
Ericsson
#161 Posted : Tuesday, March 15, 2022 9:57:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
My 2 cents wrote:
ABSA Bank Kenya Plc has announced a Final Dividend of Kes.1.10; Books Closure 25-Apr-2022; Payment 26-May-2022


- Revenue increased by 7% to KES 36.9 billion -Loans and advances to Customers increased by 12% to KES 234 billion,
-Total assets increased by 13% to KES 429 billion -Customer deposits growing by 6% to KES 269
billion
-Operating expenses down 47.8% to ksh.4.7bn from 9bn
-Profit before tax at ksh.15.548bn
-Profit after tax up 160% to ksh.10.9bn from ksh.4.2bn
-Final dividend per share ksh.1.10 for a cumulative of ksh.6bn in total shareholder pay.
Dividend payout ratio 55%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#162 Posted : Tuesday, March 15, 2022 11:39:29 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
My 2 cents wrote:
ABSA Bank Kenya Plc has announced a Final Dividend of Kes.1.10; Books Closure 25-Apr-2022; Payment 26-May-2022


- Revenue increased by 7% to KES 36.9 billion -Loans and advances to Customers increased by 12% to KES 234 billion,
-Total assets increased by 13% to KES 429 billion -Customer deposits growing by 6% to KES 269
billion
-Operating expenses down 47.8% to ksh.4.7bn from 9bn
-Profit before tax at ksh.15.548bn
-Profit after tax up 160% to ksh.10.9bn from ksh.4.2bn
-Final dividend per share ksh.1.10 for a cumulative of ksh.6bn in total shareholder pay.
Dividend payout ratio 55%


sweet div
"Don't let the fear of losing be greater than the excitement of winning."
watesh
#163 Posted : Tuesday, March 15, 2022 11:43:46 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
My 2 cents wrote:
ABSA Bank Kenya Plc has announced a Final Dividend of Kes.1.10; Books Closure 25-Apr-2022; Payment 26-May-2022


- Revenue increased by 7% to KES 36.9 billion -Loans and advances to Customers increased by 12% to KES 234 billion,
-Total assets increased by 13% to KES 429 billion -Customer deposits growing by 6% to KES 269
billion
-Operating expenses down 47.8% to ksh.4.7bn from 9bn
-Profit before tax at ksh.15.548bn
-Profit after tax up 160% to ksh.10.9bn from ksh.4.2bn
-Final dividend per share ksh.1.10 for a cumulative of ksh.6bn in total shareholder pay.
Dividend payout ratio 55%


Retained earnings are higher than I expected.
Ericsson
#164 Posted : Tuesday, March 15, 2022 6:12:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
My 2 cents wrote:
ABSA Bank Kenya Plc has announced a Final Dividend of Kes.1.10; Books Closure 25-Apr-2022; Payment 26-May-2022


- Revenue increased by 7% to KES 36.9 billion -Loans and advances to Customers increased by 12% to KES 234 billion,
-Total assets increased by 13% to KES 429 billion -Customer deposits growing by 6% to KES 269
billion
-Operating expenses down 47.8% to ksh.4.7bn from 9bn
-Profit before tax at ksh.15.548bn
-Profit after tax up 160% to ksh.10.9bn from ksh.4.2bn
-Final dividend per share ksh.1.10 for a cumulative of ksh.6bn in total shareholder pay.
Dividend payout ratio 55%


-Net Interest Income up 8% to KES.25.2bn (NII ratio:68.4%)
-Non Interest Income up 5% to Ksh.11.7bn (NFI ratio:31.6%)
-Gross NPL ratio is 7.8% against an industry average of 13.1%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#165 Posted : Monday, March 21, 2022 7:48:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
ABSA 2021 PBT Ksh.bn
Q1--3.4
Q2--4.54
Q3--3.919

Q4--3.684
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#166 Posted : Tuesday, March 29, 2022 1:00:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Absa Group has appointed Arrie Rautenbach, the current Chief Executive of the Group’s retail and business banking unit as the CEO effective immediately.
Interim CEO Jason Quinn will resume his position as Group Financial Director with immediate effect.
Arrie has more than 25 years of banking experience and he previously served as the Group’s Chief Risk Officer, providing executive leadership for the Group Separation Programme and Group Strategy Office.
I am excited at the prospect of working with a talented and diverse team, leading an outstanding business that is positioned to seize the many opportunities that lie ahead ~ Absa Group CEO Arrie Rautenbach.
I am confident that his leadership will provide the continuity and stability necessary to consolidate our purpose and strategy. I know that the Group is in good hands under Arrie’s executive leadership ~ Wendy Lucas-Bull, outgoing Absa Group Chairman
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#167 Posted : Saturday, November 05, 2022 8:23:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.businessdail...c-quarter-growth-4007868
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#168 Posted : Sunday, March 05, 2023 11:54:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.businessdail...my-awori-as-ceo-4144986

A tried and tested CEO
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#169 Posted : Friday, March 10, 2023 10:17:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Full year results release on Tuesday evening 14 March and investor briefing on Wednesday morning 15 March 2023
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Realtreaty
#170 Posted : Tuesday, March 14, 2023 8:56:08 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Ericsson wrote:
Full year results release on Tuesday evening 14 March and investor briefing on Wednesday morning 15 March 2023



Applause Applause
total DVD 1.35 Ksh
Wonder why the shit the share never climb in price apart from offering good DVD
VituVingiSana
#171 Posted : Wednesday, March 15, 2023 7:50:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Realtreaty wrote:
Ericsson wrote:
Full year results release on Tuesday evening 14 March and investor briefing on Wednesday morning 15 March 2023


Applause Applause
total DVD 1.35 Ksh
Wonder why the shit the share never climb in price apart from offering good DVD
No complaints. Higher dividends but low prices allow me to add more shares at low prices.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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