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DTB 2022-2026
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VituVingiSana
#11 Posted : Monday, July 18, 2022 1:07:41 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,433
Location: Nairobi
heri wrote:
@VituVingiSana, does the persistent insecurity in parts of DRC constitute a big threat for banks doing business in DRC?

That's a tough question.

I would say YES but DRC is huge and unless the bank has substantial business in those affected areas it may not be a major issue.

From what I understand banks aren't huge into lending as they are in Kenya. There's a lot of transactional business.

Overall, I am bullish about banks in DRC over the medium-long term.
There will be disruptions over the next few years.

BUT wars (civil or external) can upset the apple cart.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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My 2 cents
#12 Posted : Monday, March 27, 2023 9:08:44 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,099
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VituVingiSana
#13 Posted : Friday, March 31, 2023 11:21:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,433
Location: Nairobi
FY2022

EPS 21.68
DPS 5.00
DPR 23%
ROE 10.1% (barely above inflation!)
PB: 20% (51/-)

The story they are selling:

- Large losses in 4Q2022. Again. Same story in 4Q20 and 4Q21
- Expansion of branches
- "Digital Bank"

The reality is that DTB has done wrong by its shareholders.

Same dilemma ie the price is so low and one needs to absorb the loss and consider it as a potential "new" investment.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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shocks
#14 Posted : Saturday, April 01, 2023 6:57:29 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
There is something very wrong with their asset deployment, loans and government paper are more than Absa but they can't touch Absa on Interest Income, what is eating what?
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Kusadikika
#15 Posted : Monday, August 31, 2026 3:07:09 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,727
While everyone has been focused on Car & General this one has been quietly waking up. On track to print Ksh. 45+ EPS for FY2026!! The share price was around that Ksh. 46 range not too long ago. Touched 198 today, likely to blow past 200 later in the week.
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VituVingiSana
#16 Posted : Monday, August 31, 2026 6:12:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,433
Location: Nairobi
Kusadikika wrote:
While everyone has been focused on Car & General this one has been quietly waking up. On track to print Ksh. 45+ EPS for FY2026!! The share price was around that Ksh. 46 range not too long ago. Touched 198 today, likely to blow past 200 later in the week.

The 4Q EPS has been lower than the average for the preceding 3Qs.
Let's see if they will buck the trend this time around.

Something has been off about the bank esp around the NPLs.

DTB used to be bigger than I&M and now lags it by an increasing margin.
The P/B is the lowest of all banks on account of the lowest ROE.

Yes, the price has made gains of late but can it get the ROE to levels of I&M let alone Absa. And is very far from Equity's ROE.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#17 Posted : Monday, August 31, 2026 7:08:18 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,461
Location: nairobi
VituVingiSana wrote:
Kusadikika wrote:
While everyone has been focused on Car & General this one has been quietly waking up. On track to print Ksh. 45+ EPS for FY2026!! The share price was around that Ksh. 46 range not too long ago. Touched 198 today, likely to blow past 200 later in the week.

The 4Q EPS has been lower than the average for the preceding 3Qs.
Let's see if they will buck the trend this time around.

Something has been off about the bank esp around the NPLs.

DTB used to be bigger than I&M and now lags it by an increasing margin.
The P/B is the lowest of all banks on account of the lowest ROE.

Yes, the price has made gains of late but can it get the ROE to levels of I&M let alone Absa. And is very far from Equity's ROE.

Absa! How can it even feature in the comparisons
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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