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KCB 2018 and Beyond
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watesh
#781 Posted : Thursday, March 27, 2025 10:11:33 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 983
Location: Kenya
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.
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wukan
#782 Posted : Thursday, March 27, 2025 10:56:55 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,606
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.


KCB has too many moving parts
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heri
#783 Posted : Thursday, March 27, 2025 7:17:04 PM
Rank: Member


Joined: 9/14/2011
Posts: 846
Location: nairobi
wukan wrote:
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.


KCB has too many moving parts


Do you mean the NPLs and potential misadventure to Ethiopia?
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heri
#784 Posted : Thursday, March 27, 2025 7:21:09 PM
Rank: Member


Joined: 9/14/2011
Posts: 846
Location: nairobi
wukan wrote:
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.


KCB has too many moving parts

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VituVingiSana
#785 Posted : Friday, March 28, 2025 1:11:45 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,150
Location: Nairobi
Unless KCB can get a MAJORITY stake in a bank in ET, it should probably stay away.

Though it may not do much harm to buy a small, if not allowed a majority, stake in a small bank to test the waters. Call it R&D.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#786 Posted : Friday, March 28, 2025 2:07:11 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,496
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.

I bought KCB heavily the last few months and I am planning to buy heavily for the rest of the year. I will most probably put all my dividends from all my stocks plus any other float in KCB.

This share is greatly undervalued.
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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Ericsson
#787 Posted : Saturday, March 29, 2025 9:57:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,743
Location: NAIROBI
VituVingiSana wrote:
Unless KCB can get a MAJORITY stake in a bank in ET, it should probably stay away.

Though it may not do much harm to buy a small, if not allowed a majority, stake in a small bank to test the waters. Call it R&D.


They are aiming for majority stake and willing to wait till law is ammended.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#788 Posted : Tuesday, April 01, 2025 2:49:43 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 983
Location: Kenya
wukan wrote:
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.


KCB has too many moving parts


Even with that, valuing it 20% lower that Equity despite having 20% higher profits is criminal. NPLs are too high but they have already provided for them; any recovery will be more income. DRC has just started ramping up to claw some market share from Rawbank & Equity BCDC.
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VituVingiSana
#789 Posted : Wednesday, April 02, 2025 12:07:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,150
Location: Nairobi
watesh wrote:
wukan wrote:
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.


KCB has too many moving parts


Even with that, valuing it 20% lower that Equity despite having 20% higher profits is criminal. NPLs are too high but they have already provided for them; any recovery will be more income. DRC has just started ramping up to claw some market share from Rawbank & Equity BCDC.

No, KCB has NOT provided for all its NPLs.
Please check the "Disclosures" under the FY24 results
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#790 Posted : Thursday, April 03, 2025 11:46:17 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,496
Can someone put KCB's 208 Billion asset decline in perspective vis-a-vis what to expect moving forward - profitability, growth etc.
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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MaichBlack
#791 Posted : Thursday, April 03, 2025 12:05:07 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,496
VituVingiSana wrote:
watesh wrote:
wukan wrote:
watesh wrote:
Ericsson wrote:
Dividend payout to be low as they are still hungry for growth and chasing for acquisition and entry into Ethiopia.
This year they may probably hike dividend to ksh.4


Low payout is really hurting the share price but offering a good entry for long term investors.

Equity PAT 48.8bn Market Cap - 174bn
KCB PAT 61.8bn Market Cap - 135bn

This is a big buying opportunity, considering that FY24 KCB suffered from very high interest expenses and above-average provisions.


KCB has too many moving parts


Even with that, valuing it 20% lower that Equity despite having 20% higher profits is criminal. NPLs are too high but they have already provided for them; any recovery will be more income. DRC has just started ramping up to claw some market share from Rawbank & Equity BCDC.

No, KCB has NOT provided for all its NPLs.
Please check the "Disclosures" under the FY24 results

@vvs - Do you feel this inflated the profits? Justifiably or unjustifiably?

I heard the CEO saying they had provided even for loans that were not under risk like in a case where the same client had a Kshs. loan that was being serviced without issue and a dollar loan that was problematic. They provided for BOTH loans.
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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