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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Horton wrote:2/- dividend that’s disappointing IFRS9 is to blame for this.I wish they could have factored it earlier like Equity did. Towards the goal of financial freedom
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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.... anything about being hacked, clients loosing their money and unauthorized account detail changes.....? oops. Sorry. My bad. ..... anything about technological challenges?
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Horton wrote:2/- dividend that’s disappointing They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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holycow wrote:Horton wrote:2/- dividend that’s disappointing They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year. That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017. In my records,thats how i viewed it.My dividend yield after deductions was 9%. But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield. The net amount i will get also will be 12% lower than last year. I hope they wont change fast again. I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:holycow wrote:Horton wrote:2/- dividend that’s disappointing They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year. That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017. In my records,thats how i viewed it.My dividend yield after deductions was 9%. But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield. The net amount i will get also will be 12% lower than last year. I hope they wont change fast again. I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year. Many shareholders ni wewe,the ones who have been in the game for a while and hold multiple counters in the NSE know. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:Ebenyo wrote:holycow wrote:Horton wrote:2/- dividend that’s disappointing They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year. That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017. In my records,thats how i viewed it.My dividend yield after deductions was 9%. But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield. The net amount i will get also will be 12% lower than last year. I hope they wont change fast again. I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year. Many shareholders ni wewe,the ones who have been in the game for a while and hold multiple counters in the NSE know. Thats true.I get your perception. But Look at how the share price behaved today! it dropped. The market is also viewing the resuts negatively. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Ebenyo wrote:Ericsson wrote:Ebenyo wrote:holycow wrote:Horton wrote:2/- dividend that’s disappointing They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year. That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017. In my records,thats how i viewed it.My dividend yield after deductions was 9%. But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield. The net amount i will get also will be 12% lower than last year. I hope they wont change fast again. I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year. Many shareholders ni wewe,the ones who have been in the game for a while and hold multiple counters in the NSE know. Thats true.I get your perception. But Look at how the share price behaved today! it dropped. The market is also viewing the resuts negatively. Those were very good results against the circumstances
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: 6/23/2009 Posts: 13,519 Location: nairobi
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obiero wrote:Horton wrote:They are At the radisson blu. Announcing results today. According to twirra Announcement has already happened my brother  KES 30.5B PBLOMP sasa ndio IFRS ipi
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: 6/23/2009 Posts: 13,519 Location: nairobi
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Let me leave this here https://www.businessdail...374148-hpmlu3/index.html
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: 6/23/2009 Posts: 13,519 Location: nairobi
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Total Assets: Up 7%
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: 6/23/2009 Posts: 13,519 Location: nairobi
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Net Loans and Advances: Up 6%
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: 2/26/2012 Posts: 15,980
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obiero wrote:Total Assets: Up 7% I trust you on this one, should I buy? Too exposed in the financial sector tho - DTK, NIC, Coop and the trash that is HFCK "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: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KCB Group Plc net profit up by 14% to Sh5.18 Billion for the 3-month period ending March 2018 The Total Assets were up 7% from Sh605.7B to Sh647.4B with Net Loans and Advances increasing by 6% from Sh395.4B to Sh418.6B The customer deposits were up 9% from Sh457B to Sh496B with the Long term debt funding down 5% from Sh23.5B to Sh22.5B The Net Interest Income was up 10% from Sh10.3B to Sh11.4B with the Provisions for bad debts down 37% from Sh958M to Sh600M Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ericsson wrote:KCB Group Plc net profit up by 14% to Sh5.18 Billion for the 3-month period ending March 2018
The Total Assets were up 7% from Sh605.7B to Sh647.4B with Net Loans and Advances increasing by 6% from Sh395.4B to Sh418.6B
The customer deposits were up 9% from Sh457B to Sh496B with the Long term debt funding down 5% from Sh23.5B to Sh22.5B
The Net Interest Income was up 10% from Sh10.3B to Sh11.4B with the Provisions for bad debts down 37% from Sh958M to Sh600M
the few remaining stocks you can put some money ,interim dividend might come at half year "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn. Not true. KCB converted a loan (probably secured) to (unsecured) equity. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:obiero wrote:KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn. Not true. KCB converted a loan (probably secured) to (unsecured) equity. Whatever makes you sleep mzee
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: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:obiero wrote:KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn. Not true. KCB converted a loan (probably secured) to (unsecured) equity. Not reverse, asking for a friend? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Angelica _ann wrote:VituVingiSana wrote:obiero wrote:KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn. Not true. KCB converted a loan (probably secured) to (unsecured) equity. Not reverse, asking for a friend? It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:Angelica _ann wrote:VituVingiSana wrote:obiero wrote:KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn. Not true. KCB converted a loan (probably secured) to (unsecured) equity. Not reverse, asking for a friend? It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic Substance over Form. Yes, it probably reduced the provisions but not because there were recoveries or regularization of the loans. The Capital Ratios took a hit. "Equity" investments in entities like KQLC are not included in critical Capital Ratios calculations. If all the NPLs for any bank were converted to shares in (bankrupt) firms, would the bank become healthier? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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