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Exchange Bar: Results forecast
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VituVingiSana
#2421 Posted : Thursday, March 31, 2022 8:42:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
Ericsson wrote:
Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46

I&M 2x DTB when not so long ago DTB>I&M
Similarly KCB used to make multiples of Equity but now Equity > KCB

I&M is posting similar PBT as SCBK!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#2422 Posted : Thursday, March 31, 2022 9:45:18 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya Re
FInal dividend Ksh.0.1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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My 2 cents
#2423 Posted : Thursday, March 31, 2022 9:59:41 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
VituVingiSana wrote:
Ericsson wrote:
Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46

I&M 2x DTB when not so long ago DTB>I&M
Similarly KCB used to make multiples of Equity but now Equity > KCB

I&M is posting similar PBT as SCBK!


Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives.
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My 2 cents
#2424 Posted : Thursday, March 31, 2022 10:03:23 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Ericsson wrote:
Kenya Re
FInal dividend Ksh.0.1


K-RE has a very inconsistent dividend policy.
(Earlier years adjusted the the 4 - 1 split)


Dividend K-RE
2008 − 0.13
2009 − 0.13
2010 − 0.09
2011 − 0.09
2012 − 0.10
2013 − 0.15
2014 − 0.18
2015 − 0.19
2016 − 0.20
2017 − 0.21
2018 − 0.11
2019 − 0.10
2020 − 0.20
2021 − 0.10
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  | | Edit by user: Thursday, March 31, 2022 10:06 AM | Reason: Not specified
Ericsson
#2425 Posted : Thursday, March 31, 2022 10:16:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 Actual -0.664
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#2426 Posted : Thursday, March 31, 2022 11:32:51 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46

I&M 2x DTB when not so long ago DTB>I&M
Similarly KCB used to make multiples of Equity but now Equity > KCB

I&M is posting similar PBT as SCBK!


Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives.

Then what would you recommend one uses for comparison?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#2427 Posted : Thursday, March 31, 2022 1:16:59 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Ericsson wrote:
Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 Actual -0.664

DTB is sickly

KQ ABP 4.26
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Sir invest
#2428 Posted : Thursday, March 31, 2022 4:57:49 PM
Rank: Member

Joined: 8/19/2015
Posts: 125
Use Total Interest Income Vs Total Assets.............you will know which bank is cooking books to minimize Tax liability and dividend payout.
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My 2 cents
#2429 Posted : Thursday, March 31, 2022 7:22:05 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
VituVingiSana wrote:
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46

I&M 2x DTB when not so long ago DTB>I&M
Similarly KCB used to make multiples of Equity but now Equity > KCB

I&M is posting similar PBT as SCBK!


Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives.


Then what would you recommend one uses for comparison?


For future growth prospects, I look at growth in customer deposits.
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My 2 cents
#2430 Posted : Thursday, March 31, 2022 7:24:12 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Sir invest wrote:
Use Total Interest Income Vs Total Assets.............you will know which bank is cooking books to minimize Tax liability and dividend payout.


Thanks for the tip.
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