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DTB POSTS NEARLY 100% GROWTH IN PAT
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bartum
#1 Posted : Thursday, August 12, 2010 11:29:51 AM
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growth in eps accelerated to 7.12 compared from 3.21 posted last years H1.this gives a forward pe of 7 for a price of kes 100.is a price of 150 possible in the near future
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PKoli
#2 Posted : Thursday, August 12, 2010 11:41:26 AM
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bartum wrote:
growth in eps accelerated to 7.12 compared from 3.21 posted last years H1.this gives a forward pe of 7 for a price of kes 100.is a price of 150 possible in the near future


Those numbers look juicy! This could be a real diamond
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sheep
#3 Posted : Thursday, August 12, 2010 11:44:22 AM
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potential tenbagger here...grab them while still they are being ignored.
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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mwanahisa
#4 Posted : Thursday, August 12, 2010 12:00:00 PM
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@Bartum - Why are you shortchanging us?! PAT has increased by 108% while Profit attributable to shareholders has gone up by 113%, so your post should have been headed DTB posts MORE than 100% Profit (PBT, PAT etc).

Sheep, I have been a long term DTB shareholder. However, I would hesitate to call it a potential 10 bagger. While the Bank has been performing well, the share price has not done nearly as well. It has always traded below the market PE for banks. I would therefore NOT expect it to trade above a forward PE of 12 in 2010. Still that makes 150 a reality by early next year.
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bartum
#5 Posted : Thursday, August 12, 2010 12:06:33 PM
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mwanahisa wrote:
@Bartum - Why are you shortchanging us?! PAT has increased by 108% while Profit attributable to shareholders has gone up by 113%, so your post should have been headed DTB posts MORE than 100% Profit (PBT, PAT etc).

Sheep, I have been a long term DTB shareholder. However, I would hesitate to call it a potential 10 bagger. While the Bank has been performing well, the share price has not done nearly as well. It has always traded below the market PE for banks. I would therefore NOT expect it to trade above a forward PE of 12 in 2010. Still that makes 150 a reality by early next year.

mwanahisa.
errors and omission accepted, sorry for the math error.
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mwanahisa
#6 Posted : Thursday, August 12, 2010 12:42:06 PM
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Hey, Bartum - not to worry. I also kinda got excited when I saw those figures. But as you can see the market doesn't really chase after DTB. I am waiting to see whether I can load up on more at a UNEXCITING price say 105?
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the deal
#7 Posted : Thursday, August 12, 2010 1:26:27 PM
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Definitely this Stock is a winner...
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the deal
#8 Posted : Thursday, August 12, 2010 1:29:11 PM
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This stock is a Winner...i bet 150 is a giveaway...lets hope it stagnates...i get in...
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VituVingiSana
#9 Posted : Thursday, August 12, 2010 1:35:25 PM
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On a value basis... DTBK is far better KShs for KShs investment vs CFC Stanbic!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#10 Posted : Thursday, August 12, 2010 1:40:44 PM
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Diamond Trust Bank (Consolidated) is bigger than National Bank of Kenya...

The Top 10 of Kenya's banking scene looks very different since 2002... New kids on the block including Equity Bank & DTBK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#11 Posted : Thursday, August 12, 2010 2:12:59 PM
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Funny the way the market treats different counters,suppose Equity returned such results as has DTBK?
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sheep
#12 Posted : Thursday, August 12, 2010 2:19:32 PM
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cnn wrote:
Funny the way the market treats different counters,suppose Equity returned such results as has DTBK?


That is precisely why I like this stock...one day they will notice by then we will be rich.
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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JabaBoeku
#13 Posted : Thursday, August 12, 2010 2:19:33 PM
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Very True CNN! I always find there are some stocks with a higher senstivity to market-news-excitement than others...

And I guess that variation is what makes it a "market"
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VituVingiSana
#14 Posted : Thursday, August 12, 2010 2:29:12 PM
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Looking at DTBK results (rate of growth)... you could think it was Equity Bank!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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qw25041985
#15 Posted : Thursday, August 12, 2010 2:52:11 PM
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As For all Barclays Bank Shareholders.Lets calculate your target price to year end...

Their (BBK) 6 month EPS was +17.391% at 2.7 and the Interim Dividend was hiked 50% to 75 cents. At an Implied Forward of 12.59, it looks fair Value.


Forward p/e is calculated as follows, 2.7 x 2 = 5.4 Full Year EPS
68/5.4 = Implied Forward 12.59 Looks inexpensive.

Lets Now calculate the TARGET PRICE

target price = Current stock price *{current p/e /forward p/e}

Hence 68.00 * {15.33 / 12.59} = Ksh 84.00

Ksh 84.00 is the target price upto year end.Pretty cheap now
Your future depends on your dreams so go to sleep !
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cnn
#16 Posted : Thursday, August 12, 2010 3:11:15 PM
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There are better bargains,like the matter in this thread.
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muganda
#17 Posted : Thursday, August 12, 2010 3:14:54 PM
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Good work DTB.

And what's this animal called Other Operating Income growing 100% and contributing 50% to profit before tax?
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omega
#18 Posted : Thursday, August 12, 2010 3:24:00 PM
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mwanahisa wrote:
@Bartum - Why are you shortchanging us?! PAT has increased by 108% while Profit attributable to shareholders has gone up by 113%, so your post should have been headed DTB posts MORE than 100% Profit (PBT, PAT etc).

Sheep, I have been a long term DTB shareholder. However, I would hesitate to call it a potential 10 bagger. While the Bank has been performing well, the share price has not done nearly as well. It has always traded below the market PE for banks. I would therefore NOT expect it to trade above a forward PE of 12 in 2010. Still that makes 150 a reality by early next year.


Not forgetting they are planning to double the number of branches by 2012 and venture into south african region. Their objective is to become a "Pan African Bank".

This is a stock that can do an "ARM" in the medium to long term.
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VituVingiSana
#19 Posted : Thursday, August 12, 2010 3:32:42 PM
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DTB vs BBK at these prices? DTB all the way!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#20 Posted : Thursday, August 12, 2010 3:37:30 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
Has anyone used BBK's Hello Money...that thing is pure Crap...@qw you cant compare DTBK with BBK....Hell NO....DTBK is on a growth trajectory like never seen before....
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