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How to tell NSE has bottomed out
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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mwekez@ji wrote:obiero wrote:mwekez@ji wrote:mwekez@ji wrote:mwekez@ji wrote:cnn wrote:obiero wrote:mwekez@ji wrote:Cde Monomotapa wrote:BloombergNews Africa @BNAfrica 4h
CfC Stanbic of #Kenya cuts base lending rate to 13.5% vs 16%
??? This becomes the lowest rate in the market ATM #Interesting wapi link.. that rate seems unbelievable!!! They have an ad in today's Nation. ... also check twitter handle @BNAfrica @Obiero, why unbelievable¿ ... before interest rate madness set in at Q4 2011, banks were lending at this cfc rate ... interest rates are getting back to home ;-) unbelievable based on other banks which are still at 16-17% check this from Stachart albeit its an offer     http://www.standardchartered.co...O:NA-D:130623-I:10000079 Banks need to reinvent.. Even Faulu Kenya is now a competitor!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Falling tbill rates, falling lending rates, falling NSE, falling CBR... Stark divergence... What a setup  Though those bank NPL spikes need to be checked, but GDP expansion should cushion that bump. Please mr market continue with your discounts mood for as long as it takes.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:Falling tbill rates, falling lending rates, falling NSE, falling CBR... Stark divergence... What a setup Though those bank NPL spikes need to be checked, but GDP expansion should cushion that bump. Please mr market continue with your discounts mood for as long as it takes.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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CfC Stanbic rate cut signals fall in cost of bank loans CfC Stanbic Bank has cut its minimum cost of loans to 13.5 per cent, signalling a possibility that other lenders could reduce their lending rates in line with the falling Treasury bill rates. The reduction puts CfC Stanbic’s lending rate at the same level it was in September 2011, before the banking sector regulator tightened its monetary policy stance to stabilise the currency and tame inflation. The average cost of lending shot up from an average of about 14 per cent to highs of 25 per cent and has only eased slowly in the past 21 months to the current average level of about 18 per cent. http://www.businessdailyafrica....04/-/2lf3ls/-/index.html
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Powerful move by CFC Stanbic...13.5%...even me I'm tempted LOL...bwtn the slash is a strong bullish signal....Full Service Bank!!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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the deal wrote:Powerful move by CFC Stanbic...13.5%...even me I'm tempted LOL...bwtn the slash is a strong bullish signal....Full Service Bank!!! Until you try to get a loan from them. They find it hard to lend. At any rate. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:Powerful move by CFC Stanbic...13.5%...even me I'm tempted LOL...bwtn the slash is a strong bullish signal....Full Service Bank!!! That rate is strictly for Sanlam, Liberty etc! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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guru267 wrote:the deal wrote:Powerful move by CFC Stanbic...13.5%...even me I'm tempted LOL...bwtn the slash is a strong bullish signal....Full Service Bank!!! That rate is strictly for Sanlam, Liberty etc! Lets appreciate the banks efforts in making credit more affordable btwn did you equire and you were told you cant get 13.5% or you are just assuming?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VAT shocker hits investors - http://www.businessdaily...8/-/gwsnkj/-/index.html Very ill thought this tax idea just like the mobile money excise duty. This one will squeeze out retail volume leaving brokers with diminished commish. Markets need wanjikus turnover otherwise no growth... #TaxEverything - the new gubberment worldwide motive?!?  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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TransCentury to gain from State’s buy-local driveQuote:This means that East African Cables, which is owned 68.3 per cent by TransCentury, has been guaranteed a market from government-owned power firms like Kenya Power and Kenya Electricity Transmission Company (Ketraco).
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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symbols wrote:TransCentury to gain from State’s buy-local driveQuote:This means that East African Cables, which is owned 68.3 per cent by TransCentury, has been guaranteed a market from government-owned power firms like Kenya Power and Kenya Electricity Transmission Company (Ketraco). I like TC but the PE is high yawa and cables the EPS is kidogo...greed is good "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!! Net Interest Margin = Yield on interest earning assets (%) - Cost of interest bearing liabilities (%) At Q1 2013, Yield on interest earning assets = 10.9% Cost of interest bearing liabilities = 2.8% Net Interest Margin = 10.9% - 2.8% = 8.1% Notice that "Lending Rate" is not the same as "Yield on interest earning assets" because we have bills and bonds in the class of interest earning assets
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Egypt - not looking good at all. KE exporters trading with Egypt will experience a revenue squeeze like back in 2011. An unstable Egypt is bad news for the middle east region with immediate effect being high oil prices. If oil spikes back to $120/BB & KE passes that VAT bill as it is, inflation esp on food will pop its ugly head again. As usual equities will nosedive. And I hope that VAT proposal on equity transations is scrapped. That will definitely squeeze volumes in the market. The market thrives on volume (liquidity). Drain the volumes and market deflates. Some of these tax proposals are just crazy to say the least. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mwekez@ji wrote:the deal wrote:The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!! Net Interest Margin = Yield on interest earning assets (%) - Cost of interest bearing liabilities (%) At Q1 2013, Yield on interest earning assets = 10.9% Cost of interest bearing liabilities = 2.8% Net Interest Margin = 10.9% - 2.8% = 8.1% Notice that "Lending Rate" is not the same as "Yield on interest earning assets" because we have bills and bonds in the class of interest earning assets Net Interest margin on new loans issued at 13.5% thats what I was calculating...Cost of funds (expenses on customer deposits/customer deposits X 100)....I didnt include things like yield on bonds....and other interest expenses in my calculation of cost of funds....
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:mwekez@ji wrote:the deal wrote:The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!! Net Interest Margin = Yield on interest earning assets (%) - Cost of interest bearing liabilities (%) At Q1 2013, Yield on interest earning assets = 10.9% Cost of interest bearing liabilities = 2.8% Net Interest Margin = 10.9% - 2.8% = 8.1% Notice that "Lending Rate" is not the same as "Yield on interest earning assets" because we have bills and bonds in the class of interest earning assets Net Interest margin on new loans issued at 13.5% thats what I was calculating...Cost of funds (expenses on customer deposits/customer deposits X 100)....I didnt include things like yield on bonds....and other interest expenses in my calculation of cost of funds.... Cheers ... CFC is making good money
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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mwekez@ji wrote:the deal wrote:mwekez@ji wrote:the deal wrote:The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!! Net Interest Margin = Yield on interest earning assets (%) - Cost of interest bearing liabilities (%) At Q1 2013, Yield on interest earning assets = 10.9% Cost of interest bearing liabilities = 2.8% Net Interest Margin = 10.9% - 2.8% = 8.1% Notice that "Lending Rate" is not the same as "Yield on interest earning assets" because we have bills and bonds in the class of interest earning assets Net Interest margin on new loans issued at 13.5% thats what I was calculating...Cost of funds (expenses on customer deposits/customer deposits X 100)....I didnt include things like yield on bonds....and other interest expenses in my calculation of cost of funds.... Cool ... CFC is making good money Note that there was a sharp drop in customer deposit expenses in Q1 2013 this must be due to the strong adoption of the banks new current and saving accounts by new and existing clients...seen those billboards? In that case we can say the bank gained a competitive advantage over other banks...so others must watch out...CFC means business....at 13.5% very few folks will also default...so the bank gets to grow its loan book at double digits without compressing its margins...I think its fundamental...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekezaji wrote:Cool ... CFC is making good money These guys are on viagra this year! Receive with simplicity everything that happens to you.” ― Rashi
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