Wazua
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Stanchart H1
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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http://af.reuters.com/ar...s/idAFJOE67B0KB20100812
In a nutshell, eps HY is about 10bob Pretax up 21% which is not bad for a mature bank. Delinquencies up 3.6% Rights at 165.45 so dilution is(if u dont participate) a mere 5% Just realized, they are catching up to BBK 750m to go. Thoughts? Comments?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Growth momentum is slowing down...Q1 43% PAT implied...
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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the deal wrote:Growth momentum is slowing down...Q1 43% PAT implied... True dat...I wonder if the acquisition had a part to play... 
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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If you are the fellow i sold to @270 and 300,no hard feelings.I could buy back @240.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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cnn wrote:If you are the fellow i sold to @270 and 300,no hard feelings.I could buy back @240. LOL naah got out 60% at 300-305. Cost is 208
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Have I missed it or these guys haven't proposed an interim dividend?  They have traditionally paid three dividends in a year.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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Gordon Gekko wrote:Have I missed it or these guys haven't proposed an interim dividend? They have traditionally paid three dividends in a year. I also noticed this. Yap, no dividends declared. Maybe they have decided to reduce the dividends incidences from 3 to 2. Or maybe they have decided to retain earnings for the BBK custodial business purchase. Anyone knows why no dividends?
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Why pay a dividend when you are going to shareholders to raise cash? It's better/cheaper to NOT pay a dividend than raise cash thru a Rights Issue... Rights Issue includes additional costs for lawyers, brokers, CMA, NSE, etc... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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VituVingiSana wrote:Why pay a dividend when you are going to shareholders to raise cash? It's better/cheaper to NOT pay a dividend than raise cash thru a Rights Issue...
Rights Issue includes additional costs for lawyers, brokers, CMA, NSE, etc... Yet the rights issue is on, so why not just pay the dividends?
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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My 2 cents wrote:VituVingiSana wrote:Why pay a dividend when you are going to shareholders to raise cash? It's better/cheaper to NOT pay a dividend than raise cash thru a Rights Issue...
Rights Issue includes additional costs for lawyers, brokers, CMA, NSE, etc... Yet the rights issue is on, so why not just pay the dividends? additional capital requirements!
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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I hold SCB because it is a dividend stock. A change in dividend policy will certainly affect my decision making, funds raising not withstanding. After all they had intimated that the funds from the rights issue would be enough to buy the BBK thingie.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@GG
May be you should have more of BAT and Kenya Re. or my famous BOC
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Horton wrote:My 2 cents wrote:VituVingiSana wrote:Why pay a dividend when you are going to shareholders to raise cash? It's better/cheaper to NOT pay a dividend than raise cash thru a Rights Issue...
Rights Issue includes additional costs for lawyers, brokers, CMA, NSE, etc... Yet the rights issue is on, so why not just pay the dividends? additional capital requirements! Peni mbili... Was I not clear? Paying a dividend when you are RAISING cash... means you need to raise ADDITIONAL cash to cover the dividend... Silly when you pay a cost 3%+ to raise money!!! StanChart are not idiots but look at their counterpart KCB for lessons on how NOT to run a bank... Another scam artist is Stanbic... who screw their minority shareholders over & over... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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And the market is reading the riot act.@stocksmaster will be hit hard in the short term.It is good he had a six month outlook.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Down from 320/- to 260/- in a week. Now that's not good.
BBI will solve it :)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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will this prove to be money pit for Stockmaster....time will tell...320 bob will be hard to come by...with their declining growth...
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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Stanchart is a slow grower...the short bursts of profitability shouldnt trick guys to believe its a fast grower and pay prince like prices for toad like co.s The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Chief Joined: 1/3/2007 Posts: 18,137 Location: Nairobi
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Jameni - @StocksMaster SOLD at 300/- then bought again at 270 or so... and I will not bet against him!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Best bid 242...it just hit a low of 252...
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@vvs,extrapolating first quarter into half year formed part basis of his play.Remember first quarter was 40% YoY.If the rest of his expectations come true the price then may recover.In the short term i see it headed for 240.
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Stanchart H1
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