Wazua
»
Investor
»
Stocks
»
Playing the Market............. 2025
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
When are Equity reporting. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 846 Location: nairobi
|
MaichBlack wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini  That DIY is bad. Are there storms ahead they are seeing? Giving such a low DPS vs EPS without proper explanation (acquisitions etc.) raise a number of concerns from investors including probable cooking (I am not saying there is any cooking). You can never give dividends from cooked figures! But all in all the performance was great. Very disappointing dividends. What is your take on the high NPLs? With the sale of NBK, will the NPLs drop to a reasonable level?
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini How many shares does the CEO own? Board members? Hapa ndipo @vvs husema yeye hupenda people with skin in the game. If someone had 20 million shares na ako na kamjengo somewhere kamekwama believe you me the final dividend would have been 6/=!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 846 Location: nairobi
|
MaichBlack wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini How many shares does the CEO own? Board members? Hapa ndipo @vvs husema yeye hupenda people with skin in the game. If someone had 20 million shares na ako na kamjengo somewhere kamekwama believe you me the final dividend would have been 6/=!!! Do they have a dividend policy or it does not matter?
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
heri wrote:MaichBlack wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini How many shares does the CEO own? Board members? Hapa ndipo @vvs husema yeye hupenda people with skin in the game. If someone had 20 million shares na ako na kamjengo somewhere kamekwama believe you me the final dividend would have been 6/=!!! Do they have a dividend policy or it does not matter? I heard them stating a very funny thing yesterday after being put task on the low DPS vis-a-vis thr dividend policy!!! They said that their dividend policy is to pay a MAXIMUM of 50%!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
MaichBlack wrote:When are Equity reporting. Just confirmed it is Tuesday 25th March. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini The price will rebound sooner rather than later even for KCB but we didn't need to deal with this man-made shenanigans!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
I wish I had more liquid cash at the moment I buy more KCB on the cheap!! A fellow just sold his/her shares at 35/=!!! It will not take him/her long to regret that decision!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 9/26/2006 Posts: 415 Location: CENTRAL PROVINCE
|
heri wrote:MaichBlack wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Giving such a low DPS vs EPS without proper explanation (acquisitions etc.) raise a number of concerns from investors including probable cooking (I am not saying there is any cooking). You can never give dividends from cooked figures! But all in all the performance was great. Very disappointing dividends. What is your take on the high NPLs? With the sale of NBK, will the NPLs drop to a reasonable level? NBK carries a NPL of Ksh 30Bn which will reduce the KCB NPLs to about 195Bn (about 13% reduction). Based on the NBK books, the NBK book value is now 13bn hence KCB should receive about Ksh 16.25bn for NBK sale (about Ksh 5 per share). With such poor dividends payout ratio, they may not issue any special dividend unless they fear a backlash from shareholders who they have to convince before the sale is ratified at the AGM.....Still hoping for at least Ksh 1 special dividend from that NBK sale. In the last 2 years, KCB has made Ksh 30 earnings per share while only distributing to share holders Ksh 3 (10% payout ratio). I foresee further reduction in their NPL for 2025 due to the aggressive nature of auctioning of defaulters that they seem to have instituted this last few months. A reduction to about 170-180bn while growing the loan book could slash the NPL ratio to about 14-15% for 2025. But may have to reduce my price target for 2025 to about Ksh 52-55 unless they can achieve above market profit returns for the next 3 quarters and pay a better interim dividend. Happy Hunting
|
|
|
Rank: Member Joined: 9/26/2006 Posts: 415 Location: CENTRAL PROVINCE
|
stocksmaster wrote:heri wrote:MaichBlack wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Giving such a low DPS vs EPS without proper explanation (acquisitions etc.) raise a number of concerns from investors including probable cooking (I am not saying there is any cooking). You can never give dividends from cooked figures! But all in all the performance was great. Very disappointing dividends. What is your take on the high NPLs? With the sale of NBK, will the NPLs drop to a reasonable level? NBK carries a NPL of Ksh 30Bn which will reduce the KCB NPLs to about 195Bn (about 13% reduction). Based on the NBK books, the NBK book value is now 13bn hence KCB should receive about Ksh 16.25bn for NBK sale (about Ksh 5 per share). With such poor dividends payout ratio, they may not issue any special dividend unless they fear a backlash from shareholders who they have to convince before the sale is ratified at the AGM.....Still hoping for at least Ksh 1 special dividend from that NBK sale. In the last 2 years, KCB has made Ksh 30 earnings per share while only distributing to share holders Ksh 3 (10% payout ratio). I foresee further reduction in their NPL for 2025 due to the aggressive nature of auctioning of defaulters that they seem to have instituted this last few months. A reduction to about 170-180bn while growing the loan book could slash the NPL ratio to about 14-15% for 2025. But may have to reduce my price target for 2025 to about Ksh 52-55 unless they can achieve above market profit returns for the next 3 quarters and pay a better interim dividend. Happy Hunting https://www.businessdail...eze-of-nbk-sale-4964080
The low dividend payout now starting to make sense if the NBK sale to Access Bank deal stalls since KCB will need to capitalise NBK to comply with CBK capital adequacy ratios. To avoid a rights issue for a depressed share price (share is trading at less than half of book value), management must be planning to utilise the retained earnings. Happy Hunting.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,743 Location: NAIROBI
|
heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Ahead is the planned entry to Ethiopia. They don't want to strain their capital as was the case during TMB acquisition Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 846 Location: nairobi
|
KCB FY24 EARNINGS The interview with the CEO has clarified important issues 1. Regulatory approval delays in the sale of NBK 2. Eastern DRC has 15 branches, closed for the last 2 months. Eastern DR Congo accounts for 10.0% of the performance of TMB 3. KCB Group believes that Burundi is headed to hyper-inflation & that will be the key risk in 2025 4. The board of KCB Group has sanctioned a formal evaluation of 3 markets - Eastern DR Congo, South Sudan & Burundi 5. Anything between Kes 25.0 billion & Kes 30.0 billion could be obtained from the planned securitisation of roads sector pending bills 6. Plan to have 40% dividend payout ratio 7. KCB Group plans to inject a blend of Tier I & Tier II capital into its Tanzania subsidiary & that's why the dividend was considerably moderated
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
stocksmaster wrote:stocksmaster wrote:heri wrote:MaichBlack wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Giving such a low DPS vs EPS without proper explanation (acquisitions etc.) raise a number of concerns from investors including probable cooking (I am not saying there is any cooking). You can never give dividends from cooked figures! But all in all the performance was great. Very disappointing dividends. What is your take on the high NPLs? With the sale of NBK, will the NPLs drop to a reasonable level? NBK carries a NPL of Ksh 30Bn which will reduce the KCB NPLs to about 195Bn (about 13% reduction). Based on the NBK books, the NBK book value is now 13bn hence KCB should receive about Ksh 16.25bn for NBK sale (about Ksh 5 per share). With such poor dividends payout ratio, they may not issue any special dividend unless they fear a backlash from shareholders who they have to convince before the sale is ratified at the AGM.....Still hoping for at least Ksh 1 special dividend from that NBK sale. In the last 2 years, KCB has made Ksh 30 earnings per share while only distributing to share holders Ksh 3 (10% payout ratio). I foresee further reduction in their NPL for 2025 due to the aggressive nature of auctioning of defaulters that they seem to have instituted this last few months. A reduction to about 170-180bn while growing the loan book could slash the NPL ratio to about 14-15% for 2025. But may have to reduce my price target for 2025 to about Ksh 52-55 unless they can achieve above market profit returns for the next 3 quarters and pay a better interim dividend. Happy Hunting https://www.businessdail...eze-of-nbk-sale-4964080
The low dividend payout now starting to make sense if the NBK sale to Access Bank deal stalls since KCB will need to capitalise NBK to comply with CBK capital adequacy ratios. To avoid a rights issue for a depressed share price (share is trading at less than half of book value), management must be planning to utilise the retained earnings. Happy Hunting. Makes a lot of sense. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 846 Location: nairobi
|
How much of the gross NPLs of 225B are provided for? I was looking at the figures and I couldn't tell?
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 983 Location: Kenya
|
Ericsson wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Ahead is the planned entry to Ethiopia. They don't want to strain their capital as was the case during TMB acquisition An acquisition in Tanzania would be very welcome.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
watesh wrote:Ericsson wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Ahead is the planned entry to Ethiopia. They don't want to strain their capital as was the case during TMB acquisition An acquisition in Tanzania would be very welcome. "We are planning something..." That might just be the something. The board and management seem to be having big plans for Uganda and Tanzania. We wait and see... Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 846 Location: nairobi
|
MaichBlack wrote:watesh wrote:Ericsson wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Ahead is the planned entry to Ethiopia. They don't want to strain their capital as was the case during TMB acquisition An acquisition in Tanzania would be very welcome. "We are planning something..." That might just be the something. The board and management seem to be having big plans for Uganda and Tanzania. We wait and see... I hope it is not Ethiopia
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
heri wrote:MaichBlack wrote:watesh wrote:Ericsson wrote:heri wrote:littledove wrote:kcb final dividend of 1.5 per share total ksh 3, thats around 6.8% dividend yield at current price of ksh 45. This is likely to spoil current market mood with many bank shares reacting down ward. They could have reported being the last, sijui kiherehere ilikuwa ya nini That DIY is bad. Are there storms ahead they are seeing? Ahead is the planned entry to Ethiopia. They don't want to strain their capital as was the case during TMB acquisition An acquisition in Tanzania would be very welcome. "We are planning something..." That might just be the something. The board and management seem to be having big plans for Uganda and Tanzania. We wait and see... I hope it is not Ethiopia They are buying 75% Nick Mwendwa's Riverbank Solutions for 2B. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,496
|
MaichBlack wrote:MaichBlack wrote:When are Equity reporting. Just confirmed it is Tuesday 25th March. Today is that day!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,150 Location: Nairobi
|
MaichBlack wrote:MaichBlack wrote:MaichBlack wrote:When are Equity reporting. Just confirmed it is Tuesday 25th March. Today is that day!!! Unless it is after-hours... nothing today. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Playing the Market............. 2025
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|