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FULL YEAR 2012 BANKING SECTOR VALUATION
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Q3 2012 painted it all. Munir should have explicitly said this then. Poor @Cde eN lyks
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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But, but Comrade (Cde) already & severally presented his NBK buy case on Wazua. In a nut shell he bought the past (FY '12) at what he percieved a discount in order to participate in the future (FY '13). What might be news to some here, is not to him http://www.african-marke...pretax-profit-dives-680 | http://www.businessdaily...02/-/3cr8wk/-/index.html
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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This stock has quite some skeletons. Have you modelled H1 2012 vs H1 2013. Q3 & Q4 2012 are reversal as well as Q1 2013 due to econ slowdown. Q2 2013 not enough time to repair those bad qtrs. Maybe from Q3 2013 is when the books get better. Balls of steel required to hold this one. The price is likely to retest 15-16 as those buying @20s panic sell...
Btw I have an eye on it esp for the hydrocarbon gok revenues in future.
$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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NBK is puff puff and pass...I need to see some line items on the balance sheet change...but still those GoK preferance shares freak me out...GoK can easily turn this thing into a parastatal...those Pref shares are toxic to any takeover bid.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Interesting from Victoria Commercial Bank: Loan Book - Kshs. 5.3 Billion, up from Kshs. 4.1 Billion. PAT - Kshs. 350.5 Million, up from Kshs. 230.25 Million Loan Loss Provision - Zero, down from Kshs. 5.8 Million. Non-Performing Loans - Zero, same as last year. Cost:Income ratio 40% GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji, that is one clean book! Would make JM green with envy. Hehe By the way, I'd love to see more banks listed. We have such a profitable sector. 20 would be a good number, I think. Family Bank to list next year to add onto the number. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Equity divs in the bank, promptly, as usual GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:mwekez@ji, that is one clean book! Would make JM green with envy. Hehe
By the way, I'd love to see more banks listed. We have such a profitable sector. 20 would be a good number, I think. Family Bank to list next year to add onto the number.
yea, very clean book that. Tier 1 hawawesmake ... he he ..... & jamii bora bank seems to have heard your call. they plan to list in OTC this year. A first step in their journey to NSE i believe >>> http://www.businessdailyafrica....2/-/74kxm0z/-/index.html ... family bank listing in NSE is honestly overdue. they should take the bold step and graduate from OTC ... I&M Bank listing is now here ... more should join
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:This stock has quite some skeletons. Have you modelled H1 2012 vs H1 2013. Q3 & Q4 2012 are reversal as well as Q1 2013 due to econ slowdown. Q2 2013 not enough time to repair those bad qtrs. Maybe from Q3 2013 is when the books get better. Balls of steel required to hold this one. The price is likely to retest 15-16 as those buying @20s panic sell...
Btw I have an eye on it esp for the hydrocarbon gok revenues in future.
"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: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:youcan'tstopusnow wrote:mwekez@ji, that is one clean book! Would make JM green with envy. Hehe
By the way, I'd love to see more banks listed. We have such a profitable sector. 20 would be a good number, I think. Family Bank to list next year to add onto the number.
yea, very clean book that. Tier 1 hawawesmake ... he he ..... & jamii bora bank seems to have heard your call. they plan to list in OTC this year. A first step in their journey to NSE i believe >>> http://www.businessdailyafrica....2/-/74kxm0z/-/index.html ... family bank listing in NSE is honestly overdue. they should take the bold step and graduate from OTC ... I&M Bank listing is now here ... more should join OTC system seems overly tedious to me. It needs improvement. Who is it under? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:mwekez@ji wrote:youcan'tstopusnow wrote:mwekez@ji, that is one clean book! Would make JM green with envy. Hehe
By the way, I'd love to see more banks listed. We have such a profitable sector. 20 would be a good number, I think. Family Bank to list next year to add onto the number.
yea, very clean book that. Tier 1 hawawesmake ... he he ..... & jamii bora bank seems to have heard your call. they plan to list in OTC this year. A first step in their journey to NSE i believe >>> http://www.businessdailyafrica....2/-/74kxm0z/-/index.html ... family bank listing in NSE is honestly overdue. they should take the bold step and graduate from OTC ... I&M Bank listing is now here ... more should join OTC system seems overly tedious to me. It needs improvement. Who is it under? Jamii Bora Bank Over the Counter trading platform will be handled by Standard Investment Bank. I concur trading in OTC is a very tedious exercise. Matching of orders takes forever due to the market information inefficiency and then Clearing cycle goes to over a month
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Islamic banks outpace rivals with triple-digit growth http://www.businessdaily.../-/2c5t2dz/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Equity Bank’s investment arm ended 2012 with a profit of Sh44.5 million compared to a loss of Sh89.3 million the year before, helped by the appreciation of shares at the Nairobi Securities Exchange — which made a return of nearly 30 per cent last year. The Business Daily could not get a comment from Equity CEO James Mwangi, but an executive in the bank reckons Equity Investment Bank (EIB) was preparing ground work last year, hence the lack of advisory income on its financial statement. EIB’s unrealised losses of Sh82.7 million last year have now reversed to unrealised profits of Sh37 million. It held Sh263 million in equities and Sh25.2 million in securities. EIB was formed in 2008 following the acquisition of then dormant Juanco Investment Bank. It reported a loss of Sh58 million in 2009 on failure to close deals. http://www.businessdailyafrica....42/-/kw5dvv/-/index.html
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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RE BoK: obiero wrote:this stock deserves attention from keen investors. it is currently a real steal Current price - RwF. 200 P.E - 11.33 PBV - 2.115 Div Yield - 4.415% ROA - 3.65% ROE - 18.7% Total Assets rose 12.1% Customer Deposits grew 15.14% Loan to Deposit ratio stands at 88.8% GNPL/Loans Advanced is 2% obiero, what makes BoK stand out in comparison to its Kenyan peers and thus make investors prefer it to local banks? Kindly elaborate... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Helios makes U-turn on Equity exit http://www.businessdaily...0/-/8cwwy5/-/index.html
#mambobado GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Kenya Banks Ranking by assets (Placing in 2011) 1 (1) KCB [assets of Kshs 304.1 billion ($3.58 billion), profits of Kshs 15.75 billion ($185 million)] 2 (2) Equity 3 (3) Cooperative 4 (5) Standard Chartered 5 (4) Barclays 6 (6) CFC Stanbic 7 (11) NIC 8 (7) Commercial Bank of Africa 9 (8) Diamond Trust 10 (9) I&M [assets of Kshs. 91.5 billion ($1.07 billion), profits of Kshs 4.72 billion ($55.5 million)] 11 (10) Citibank 12 (12) National Bank 13 (15) Chase 14 (13) Bank of Africa 15 (14) Baroda 16 (16) Prime 17 (17) Housing Finance 18 (19) Imperial 19 (18) Ecobank 20 (21) Family Bank 21 (20) India 22 ABC 23 Consolidated Bank 24 Fina 25 Equatorial 26 Gulf African 27 Development Bank 28 Giro 29 Fidelity 30 Guardian 31 Victoria 32 First Community 33 K-Rep 34 Habib AG Zurich 35 Transnational 36 Paramount 27 Habib Bank 38 Credit Bank 39 Oriental 40 Middle East 41 Jamii Bora 42 UBA 43 Dubai [assets of Kshs 2.58 billion ($30.4 million)] http://www.bankelele.co.ke/2013...ankelele+%28bankelele%29
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Rank: Member Joined: 4/25/2012 Posts: 110
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UBA seeking to acquire a small to middle tier bank in Kenya. Which among the brides below just got a suitor? It will be more interesting in case the bank is listed at the NSE. [url=http://www.businessdailyafrica.com/Corporate-News/Nigerian-bank-Guaranty-Trust-eyes-acquisition-in-Kenya/-/539550/1743942/-/7aqd0w/-/index.htmlhttp://]LInk[/url] mwekez@ji wrote:Kenya Banks Ranking by assets (Placing in 2011) 1 (1) KCB [assets of Kshs 304.1 billion ($3.58 billion), profits of Kshs 15.75 billion ($185 million)] 2 (2) Equity 3 (3) Cooperative 4 (5) Standard Chartered 5 (4) Barclays 6 (6) CFC Stanbic 7 (11) NIC 8 (7) Commercial Bank of Africa 9 (8) Diamond Trust 10 (9) I&M [assets of Kshs. 91.5 billion ($1.07 billion), profits of Kshs 4.72 billion ($55.5 million)] 11 (10) Citibank 12 (12) National Bank 13 (15) Chase 14 (13) Bank of Africa 15 (14) Baroda 16 (16) Prime 17 (17) Housing Finance 18 (19) Imperial 19 (18) Ecobank 20 (21) Family Bank 21 (20) India 22 ABC 23 Consolidated Bank 24 Fina 25 Equatorial 26 Gulf African 27 Development Bank 28 Giro 29 Fidelity 30 Guardian 31 Victoria 32 First Community 33 K-Rep 34 Habib AG Zurich 35 Transnational 36 Paramount 27 Habib Bank 38 Credit Bank 39 Oriental 40 Middle East 41 Jamii Bora 42 UBA 43 Dubai [assets of Kshs 2.58 billion ($30.4 million)] http://www.bankelele.co.ke/2013...ankelele+%28bankelele%29 There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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mwekez@ji wrote:Kenya Banks Ranking by assets (Placing in 2011) 1 (1) KCB [assets of Kshs 304.1 billion ($3.58 billion), profits of Kshs 15.75 billion ($185 million)] 2 (2) Equity 3 (3) Cooperative 4 (5) Standard Chartered 5 (4) Barclays 6 (6) CFC Stanbic 7 (11) NIC 8 (7) Commercial Bank of Africa 9 (8) Diamond Trust 10 (9) I&M [assets of Kshs. 91.5 billion ($1.07 billion), profits of Kshs 4.72 billion ($55.5 million)] 11 (10) Citibank 12 (12) National Bank 13 (15) Chase 14 (13) Bank of Africa 15 (14) Baroda 16 (16) Prime 17 (17) Housing Finance 18 (19) Imperial 19 (18) Ecobank 20 (21) Family Bank 21 (20) India 22 ABC 23 Consolidated Bank 24 Fina 25 Equatorial 26 Gulf African 27 Development Bank 28 Giro 29 Fidelity 30 Guardian 31 Victoria 32 First Community 33 K-Rep 34 Habib AG Zurich 35 Transnational 36 Paramount 27 Habib Bank 38 Credit Bank 39 Oriental 40 Middle East 41 Jamii Bora 42 UBA 43 Dubai [assets of Kshs 2.58 billion ($30.4 million)] http://www.bankelele.co.ke/2013...ankelele+%28bankelele%29 Family Bank and Jamii Bora really punch above their weight PRwise. Assuming UBA is looking to increase its branch network, NBK would be the logical choice and would be a great start for the digital duo in curing the fiscal imbalances. However, buying a listed stock is usually more expensive than a non-listed stock Sehemu ndio nyumba
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FULL YEAR 2012 BANKING SECTOR VALUATION
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