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Banking Sector Valuation and Recommendation - Year 2013
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today  The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mwekez@ji wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle Time is money
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mwekez@ji wrote:Very unfitting headings those. Banking sector has been rated HOLD and not SELL. Most counters still have headroom albeit small. CFC has huge headroom. Also, government is not crowding out private lending. Government is on a monetary easing cycle. Check 91day paper is a low 6.721%. …. And soon, government will be offering a euro bond. That is deliberate shakeout. I have yesterday's standard paper on the Treasury's Minister's interview. He pointed it out clearly that Jubilee will put focus on Monetary easing to stimulate the economic.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:mwekez@ji wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle Time is money Time is money. &over time, those who dont time the market make much more
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Metasploit wrote:mwekez@ji wrote:Very unfitting headings those. Banking sector has been rated HOLD and not SELL. Most counters still have headroom albeit small. CFC has huge headroom. Also, government is not crowding out private lending. Government is on a monetary easing cycle. Check 91day paper is a low 6.721%. …. And soon, government will be offering a euro bond. That is deliberate shakeout. I have yesterday's standard paper on the Treasury's Minister's interview. He pointed it out clearly that Jubilee will put focus on Monetary easing to stimulate the economic. cheers cc @the_deal
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle Time is money Time is money. &over time, those who dont time the market make much more I'm not disputing the benefits of patience in a market but I've come to appreciate the opportunity presented by market timing.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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symbols wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle Time is money Time is money. &over time, those who dont time the market make much more I'm not disputing the benefits of patience in a market but I've come to appreciate the opportunity presented by market timing. According to you, what is the appropriate time for CFC?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Bank assets grows to Sh2.5 trillion in May 2013
The banking sector grew with assets rising 16 per cent to Sh2.5 trillion last month, from Sh2.2 trillion recorded in May 2012. Central Bank records show the sector's deposits increased by 15 per cent from Sh1.6 trillion in May 2012 to Sh1.9 trillion at the end of May 2013.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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mwekez@ji wrote:symbols wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle Time is money Time is money. &over time, those who dont time the market make much more I'm not disputing the benefits of patience in a market but I've come to appreciate the opportunity presented by market timing. According to you, what is the appropriate time for CFC? Isn't KCB CURRENTLY more attractive than CFC?
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Mukiri wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:symbols wrote:mwekez@ji wrote:mwekez@ji wrote:Bank | Share price | Fair value | Return | Rating
CFC | 62.50 | 95.05 | +52.1% | BUY
NIC | 56.50 | 67.73 | +19.9% | BUY
StanChart | 300.00 | 243.39 | -18.9% | SELL
Barclays | 17.95 | 15.05 | -16.2% | SELL
KCB | 41.50 | 47.00 | +13.3% | HOLD
Equity | 36.00 | 39.29 | +9.1% | HOLD
Co-op Bank | 16.70 | 18.00 | +7.8% | HOLD
DTB | 166.00 | 166.89 | +0.5% | HOLD
I&M Holdings | Fair Price | 111.87 ;-) BUY
Source: Standard Investment Bank, 05.06.2013 CFC, the journey to 95/- is ON. 70/- has printed today The way I had been targeting this counter.Only problem I have with it is the timing and the recommendation. Mate, it pays “being in the market” as opposed to “timing the market” "No, I don’t believe in market timing. I’ve been around this business darn near a half-century, and I know I can’t do it successfully.– In fact, I don’t even know anyone who knows anyone who has ever successfully timed the market over the long term." Jack Bogle Time is money Time is money. &over time, those who dont time the market make much more I'm not disputing the benefits of patience in a market but I've come to appreciate the opportunity presented by market timing. According to you, what is the appropriate time for CFC? Isn't KCB CURRENTLY more attractive than CFC? In what way?
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Banking Sector Valuation and Recommendation - Year 2013
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