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CFC-Stanbic 2009
the deal
#201 Posted : Monday, August 09, 2010 2:00:46 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
This stock is getting press here in Southern Africa...I think fund managers here are looking at it...
Scubidu
#202 Posted : Tuesday, August 10, 2010 12:04:40 AM
Rank: Veteran


Joined: 9/4/2009
Posts: 700
Location: Nairobi
I don't see what fund managers would want with this bank. What were the grow areas for the half year? Net interest income or non interest income. They're undercapitalized! All they're doing is charging high fees and removing once good accounts that made CFC Group attractive in the first place (ive banked with them for a while and preparing to leave). This year's performance is just smoke and mirriors. Everything is changing so fast that you can't know the true position of the bank. One balance sheet says something and other few months it's changed. I have been a shareholder for many years, but not impressed and I don't see why a fund manager would look at it now.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
VituVingiSana
#203 Posted : Tuesday, August 10, 2010 9:17:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
I&M Bank has 17 branches in Kenya (most in Nairobi) yet makes more profits than CFCStanbic!

DTBK & NIC Bank are far more profitable than CFCStanbic with a much smaller asset base!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#204 Posted : Tuesday, August 10, 2010 9:23:23 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
I&M Bank has 17 branches in Kenya (most in Nairobi) yet makes more profits than CFCStanbic!

DTBK & NIC Bank are far more profitable than CFCStanbic with a much smaller asset base!

@vvs this may change in a couple of years.
Life is short. Live passionately.
VituVingiSana
#205 Posted : Tuesday, August 10, 2010 9:58:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
I&M Bank has 17 branches in Kenya (most in Nairobi) yet makes more profits than CFCStanbic!

DTBK & NIC Bank are far more profitable than CFCStanbic with a much smaller asset base!

@vvs this may change in a couple of years.
Well, true but I doubt the 3 banks will be doing nothing while CFCStanbic expands...

I&M, & NIC bought banks in Tanzania in 2009/2010...
DTBK has subsidiaries in Tz & Ug - In Rwanda/Burundi as well...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#206 Posted : Thursday, August 12, 2010 1:32:13 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
What is the book closure date for the dividend in specie/cash dividend?
Life is short. Live passionately.
mukiha
#207 Posted : Thursday, August 12, 2010 1:47:44 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
...now, about that special cash dividend. you won't get it! It will be applied towards payment of stamp duty and withholding tax for the transaction.

So, unless you are exempted, forget the cash!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
sparkly
#208 Posted : Thursday, August 12, 2010 5:09:32 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mukiha wrote:
...now, about that special cash dividend. you won't get it! It will be applied towards payment of stamp duty and withholding tax for the transaction.

So, unless you are exempted, forget the cash!

@mukiha as i understand it, the cash dividend will be applied to pay stamp duty and wht "where applicable" i don't see how stamp duty and wht will consume all of my 700 bob dividend, supposing i have 1,000 shares and am resident.
Life is short. Live passionately.
StatMeister
#209 Posted : Thursday, August 12, 2010 5:26:39 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
smile
A bad day fishing is better than a good day at work
PKoli
#210 Posted : Friday, August 13, 2010 8:55:56 AM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
sparkly wrote:
mukiha wrote:
...now, about that special cash dividend. you won't get it! It will be applied towards payment of stamp duty and withholding tax for the transaction.

So, unless you are exempted, forget the cash!

@mukiha as i understand it, the cash dividend will be applied to pay stamp duty and wht "where applicable" i don't see how stamp duty and wht will consume all of my 700 bob dividend, supposing i have 1,000 shares and am resident.


when are they paying the dividends?
VituVingiSana
#211 Posted : Friday, August 13, 2010 10:25:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
Bure Kabisa - Have you seen DTBK results???
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Mkimwa
#212 Posted : Tuesday, August 24, 2010 12:11:59 PM
Rank: Member


Joined: 10/26/2008
Posts: 380
8.67% up today?

anyone with insights?
cnn
#213 Posted : Tuesday, August 24, 2010 12:23:54 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
Just because of a few exciting trades at the open? Look at the supply below 94 at the moment,it will close lower.
mukiha
#214 Posted : Tuesday, August 24, 2010 2:23:18 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
VituVingiSana wrote:
Bure Kabisa - Have you seen DTBK results???

Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
VituVingiSana
#215 Posted : Tuesday, August 24, 2010 2:38:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
mukiha wrote:
VituVingiSana wrote:
Bure Kabisa - Have you seen DTBK results???

Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!!
Over the past 2 years (since Stanbic took over CFC)... CFCStanbic has DESTROYED value for minority shareholders!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
PKoli
#216 Posted : Tuesday, August 24, 2010 2:45:00 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
VituVingiSana wrote:
mukiha wrote:
VituVingiSana wrote:
Bure Kabisa - Have you seen DTBK results???

Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!!
Over the past 2 years (since Stanbic took over CFC)... CFCStanbic has DESTROYED value for minority shareholders!


It was a challenging takeover of a supermarket that was selling from bicycles, to mbogas. That is why they have figured out split of business. I think minority shareholders who chose to stic with stabnic will benefit
VituVingiSana
#217 Posted : Tuesday, August 24, 2010 3:46:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
PKoli wrote:
VituVingiSana wrote:
mukiha wrote:
VituVingiSana wrote:
Bure Kabisa - Have you seen DTBK results???

Yes indeed; but since Jan, DTK is up 71%, while CFC is up 77%. I guess one can use random guess-work to choose between the two!!!!!
Over the past 2 years (since Stanbic took over CFC)... CFCStanbic has DESTROYED value for minority shareholders!


It was a challenging takeover of a supermarket that was selling from bicycles, to mbogas. That is why they have figured out split of business. I think minority shareholders who chose to stic with stabnic will benefit
Lucky I did not have many CFC shares coz my DTBK have doubled in value in the same time!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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