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CFC FY2014 results PBT up 7% (lacklustre)
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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mwekez@ji wrote:hisah wrote:Ericsson wrote:In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015 Whoa! That's 24.8% down?! If H1 maintains those readings we're talking a likely profit warning alert!?
This financial sector, watch it keenly...i For CFC, blame the plunge in Non Interest Income. They have tried to massage the numbers by cutting loan loss provision significantly yet NPL are on the increase, not good! Indeed the decrease in non-interest income did the damage so it may not be indicative of the whole sector but the NPL spike from Q3 2014 yet they reduce loan loss provision might undo any significant profit increase come year end. This is shaping up as a flat or bad year for the financials. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 7/2/2014 Posts: 123
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mwekez@ji wrote:xxxxx wrote:heri wrote:Ericsson wrote:In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015 wow, such a huge drop. They have moved from very high growth in profits to such big drop! i should have sold this share but i guess its too late to sell now DN or standard DN, pg 21 but at the rate at which everybody is in the stock market such news should start being breaking news, or better still we could have a free to air channel dedicated to financials. I.O.N this is why I prefer short term trading to long term investing because less than 2 years ago this was the company to watch ,
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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I warned u guys.. Check the kcb buy buy buy thread
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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obiero wrote:I warned u guys.. Check the kcb buy buy buy thread Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki wewe wachana na Jamesons ya Kariobangi!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Na ni warning gani unasema @Obiero?? Aren't you the one who posted this 1st Quarter predictions on April 21st 2015??? Take a look at your prediction for CFC! obiero wrote:Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2
SCBK 4.4
COOP 3.9
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35 Link: Post# 652Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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MaichBlack wrote:obiero wrote:I warned u guys.. Check the kcb buy buy buy thread Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki we wachana na Jamesons ya Kariobangi!!! Haha. Jamesons yangu ni triple distilled bwana..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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obiero wrote:MaichBlack wrote:obiero wrote:I warned u guys.. Check the kcb buy buy buy thread Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki we wachana na Jamesons ya Kariobangi!!! Haha. Jamesons yangu ni triple distilled bwana.. Haha! Obiero you're the Mayweather of Wazua. Bobbing and weaving away skilfully The harder you work, the luckier you get
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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MaichBlack wrote:Na ni warning gani unasema @Obiero?? Aren't you the one who posted this 1st Quarter predictions on April 21st 2015??? Take a look at your prediction for CFC! obiero wrote:Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2
SCBK 4.4
COOP 3.9
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35 Link: Post# 652 I projected a flat growth, but the real devil has shown up..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:MaichBlack wrote:obiero wrote:I warned u guys.. Check the kcb buy buy buy thread Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki we wachana na Jamesons ya Kariobangi!!! Haha. Jamesons yangu ni triple distilled bwana.. Boss kunywa Gentleman Jack where do we send it?  possunt quia posse videntur
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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My goodness, this haircut is painful!!
With 60% of my investment being in this counter, the pain of watching the price move from 140s to now seemingly below 100s is too much
i bought at kshs 66 2 years ago.
Painful lessons . But i never imagined their performance could turn out so badly so fast
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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heri wrote:My goodness, this haircut is painful!!
With 60% of my investment being in this counter, the pain of watching the price move from 140s to now seemingly below 100s is too much
i bought at kshs 66 2 years ago.
Painful lessons . But i never imagined their performance could turn out so badly so fast We are in stock market to make money! when you hit 100% and see signs of danger,take your capital and let the children play the game. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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heri wrote:My goodness, this haircut is painful!!
With 60% of my investment being in this counter, the pain of watching the price move from 140s to now seemingly below 100s is too much
i bought at kshs 66 2 years ago.
Painful lessons . But i never imagined their performance could turn out so badly so fast Sell now or hold and wait for the next bull cycle in 2018. Life is short. Live passionately.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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And Finally!!!!  Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Pesa Nane wrote:And Finally!!!! This thing will slide miserably EX-DIV better sell now
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Pesa Nane wrote:And Finally!!!! This info will pass many.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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The optimist wrote:Pesa Nane wrote:And Finally!!!! This info will pass many. Done purposefully....Too short notice...many will have a Jordan hair style. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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A stock rises from 38 to 140...only a greed person will not profit take...but I like the sentiment here...its like when I bought at 38....SELL please...can I get an 80?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Boris Boyka wrote:The optimist wrote:Pesa Nane wrote:And Finally!!!! This info will pass many. Done purposefully....Too short notice...many will have a Jordan hair style. It so happens that 30th-1st is a long weekend Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The Banking Fraud Unit is investigating complaints by a businesswoman following a mysterious deposit and withdrawals from her account at CFC Stanbic Bank. Agnes Wathome has complained of an alleged fraudulent loan and ATM withdrawals from her account number 0100000565363. In a letter to BFIU on February 12, she says in September 2010, Sh780,000 was credited to her account without her knowledge. “I assumed the money came from my business and I used it,” Wahome wrote. She said she was not given bank statements, even upon request. “End of January, I reconciled my accounts and found out I had excess money. I found out the bank had deposited money into my account and I reported to them,” Wathome said. - See more at: http://www.the-star.co.k...ows#sthash.cGj5oMLx.dpuf"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: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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When is CFC likely to release half year results
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CFC FY2014 results PBT up 7% (lacklustre)
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