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KCB 2018 and Beyond
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Ericsson
#711 Posted : Friday, March 10, 2023 10:19:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Board Meeting to release FY2022 results is on the afternoon of 15 March 2023.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#712 Posted : Wednesday, March 15, 2023 7:52:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Board Meeting to release FY2022 results is on the afternoon of 15 March 2023.

Reported EPS is very good but I have my reservations. I am staying away. The DPS is down from 3 to 2 but that could be attributed to buying TMB and the weaker CARs.

NPLs are worrying.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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My 2 cents
#713 Posted : Wednesday, March 15, 2023 9:00:40 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
I don't get it. If they have made a net profit of 40B and TMB cost 17B, why pay only 6.4B in dividends?
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watesh
#714 Posted : Thursday, March 16, 2023 11:10:42 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
My 2 cents wrote:
I don't get it. If they have made a net profit of 40B and TMB cost 17B, why pay only 6.4B in dividends?


KCB Kenya is sitting on very very thin capital ratios and NBK still needs more capital. KCB Kenya core capital was down by a whole 22bn. Then there is the issue of 129bn in Gross Non-Performing Loans. It has only provided for only 52bn. Rising interest rates just means lower valuations on the treasury bonds. Retaining profits is the next best step.
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Ericsson
#715 Posted : Thursday, March 16, 2023 12:03:04 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
watesh wrote:
My 2 cents wrote:
I don't get it. If they have made a net profit of 40B and TMB cost 17B, why pay only 6.4B in dividends?


KCB Kenya is sitting on very very thin capital ratios and NBK still needs more capital. KCB Kenya core capital was down by a whole 22bn. Then there is the issue of 129bn in Gross Non-Performing Loans. It has only provided for only 52bn. Rising interest rates just means lower valuations on the treasury bonds. Retaining profits is the next best step.


They are also considering entering Ethiopia and have initiated talks with a few potential banks.This will also require cash.
Dividends will be depressed for the next two to three years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#716 Posted : Thursday, March 16, 2023 12:09:00 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
My 2 cents wrote:
I don't get it. If they have made a net profit of 40B and TMB cost 17B, why pay only 6.4B in dividends?

because paying higher than that will result in them being in breach of capital and CBK regulations ratios
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#717 Posted : Friday, March 17, 2023 2:17:13 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
ZERO DEMAND for KCB shares!!!

Supply at 31.00/= Lowest it can go today!!!

Lucky it is a Friday. Tomorrow it would have hit twenties. Monday heads might be clearer and panic less.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mufasa
#718 Posted : Wednesday, July 26, 2023 8:24:57 PM
Rank: Member

Joined: 4/15/2008
Posts: 238
MaichBlack wrote:
ZERO DEMAND for KCB shares!!!

Supply at 31.00/= Lowest it can go today!!!

Lucky it is a Friday. Tomorrow it would have hit twenties. Monday heads might be clearer and panic less.


Eh?

Seems like the heads have not cleared. Equity also took a plunge of 8% or thereabouts.

Political and economic stability are very key for banking sector. We may be in this turbulence for a little longer until KK govt stabilizes.

This is why I personally preferred a parliamentary system of Govt (Like S.A.) as opposed to this presidential one of winner takes all and by default then controls parliament.
Do it today! Tomorrow is promise to no-one.
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My 2 cents
#719 Posted : Wednesday, July 26, 2023 9:19:27 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
mufasa wrote:
MaichBlack wrote:
ZERO DEMAND for KCB shares!!!

Supply at 31.00/= Lowest it can go today!!!

Lucky it is a Friday. Tomorrow it would have hit twenties. Monday heads might be clearer and panic less.


Eh?

Seems like the heads have not cleared. Equity also took a plunge of 8% or thereabouts.

Political and economic stability are very key for banking sector. We may be in this turbulence for a little longer until KK govt stabilizes.

This is why I personally preferred a parliamentary system of Govt (Like S.A.) as opposed to this presidential one of winner takes all and by default then controls parliament.


Political and macroeconomic stability is important for all sectors not just banking alone.
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obiero
#720 Posted : Sunday, July 30, 2023 8:34:40 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
My 2 cents wrote:
mufasa wrote:
MaichBlack wrote:
ZERO DEMAND for KCB shares!!!

Supply at 31.00/= Lowest it can go today!!!

Lucky it is a Friday. Tomorrow it would have hit twenties. Monday heads might be clearer and panic less.


Eh?

Seems like the heads have not cleared. Equity also took a plunge of 8% or thereabouts.

Political and economic stability are very key for banking sector. We may be in this turbulence for a little longer until KK govt stabilizes.

This is why I personally preferred a parliamentary system of Govt (Like S.A.) as opposed to this presidential one of winner takes all and by default then controls parliament.


Political and macroeconomic stability is important for all sectors not just banking alone.

True. The absence of war does not indicate peace. I speak in code

KQ ABP 4.26
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