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CFC Stanbic half year 2013 results PBT up 81.6%
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VituVingiSana
#51 Posted : Tuesday, September 03, 2013 9:27:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Aguytrying wrote:
clearly @hisah was correct. he predicted the movement downwards when the share looked like its taking off, a call difficult at those times and his is the only prediction here btw

glad to see bargains too chief
I am not a fan of CFC vs other banks which rely on more on EAC [especially Kenya] vs SS. I find SS a volatile market & unreliable i.e. too much gov't influence. And CFC Stanbic Bank is not listed but the Holding Company is which includes the insurance arms. At the end of the day, which is the best value?
I am going with I&M as it drops in price. I expect better results out of Mauritius & Rwanda in 3Q. An acquisition or greenfield is in the works in Uganda but that is a crowded market.
I like Equity but it faces some major challenges in 2013. After these are cleared up [or the price falls precipitously] is when I will look at Memba.
As for Simba, the NPL does worry me despite their assurances. Who is the client who restructured the loan? Is the client really back on track?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Tuesday, September 03, 2013 9:30 AM | Reason: Not specified
the deal
#52 Posted : Tuesday, September 03, 2013 9:43:55 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Aguytrying wrote:
clearly @hisah was correct. he predicted the movement downwards when the share looked like its taking off, a call difficult at those times and his is the only prediction here btw

glad to see bargains too chief
I am not a fan of CFC vs other banks which rely on more on EAC [especially Kenya] vs SS. I find SS a volatile market & unreliable i.e. too much gov't influence. And CFC Stanbic Bank is not listed but the Holding Company is which includes the insurance arms. At the end of the day, which is the best value?
I am going with I&M as it drops in price. I expect better results out of Mauritius & Rwanda in 3Q. An acquisition or greenfield is in the works in Uganda but that is a crowded market.
I like Equity but it faces some major challenges in 2013. After these are cleared up [or the price falls precipitously] is when I will look at Memba.
As for Simba, the NPL does worry me despite their assurances. Who is the client who restructured the loan? Is the client really back on track?

@VVS naah stop misleading folks...the insurance biz was hived off from CFC Stanbic Holdings long time ago....it is what is known as Liberty Kenya today...CFC Stanbic Holdings the listed entity is now CFC Stanbic Bank Kenya & South Sudan plus SBG Securities...all 100% subsidiaries....lets talk of EAC? where is KCB & Member making money? South Sudan....South Sudan is a relatively young untaped market...CFC will do wonders there...the $100mn trade line to the GoSS is just the beginning...I&M is good but not as attractive as CFC at current prices....CFC aims at becoming a top 4 bank in Kenya...they will do it.
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VituVingiSana
#53 Posted : Tuesday, September 03, 2013 9:57:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@the deal - Does the current CFC Stanbic have no insurance subsidiaries or shareholding in any insurers?

BTW, their RTGS system collapsed on Monday last week. Clients were left stranded with many payments not being sent on time.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Tuesday, September 03, 2013 10:10 AM | Reason: Not specified
the deal
#54 Posted : Tuesday, September 03, 2013 10:18:28 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
@the deal - Does the current CFC Stanbic have no insurance subsidiaries or shareholding in any insurers?

BTW, their RTGS system collapsed on Monday last week. Clients were left stranded with many payments not being sent on time.

No...its just the bank & the stockbroker...could have collapsed due too overload....the banking halls are starting to get overcrowded...alot of new clients...folks switching from other banks...hopefully its back online...customer service is great there unlike Barclays...
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Metasploit
#55 Posted : Tuesday, September 03, 2013 10:23:47 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania


....btwn use FT they have better charts...its even free.[/quote]

@Deal Many thanks!You've saved me the monthly 1000 bob on live.mystocks

at least i can now be assesing live.mystocks once in a while for real time prices and splits

β€œThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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VituVingiSana
#56 Posted : Tuesday, September 03, 2013 10:29:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
the deal wrote:
VituVingiSana wrote:
@the deal - Does the current CFC Stanbic have no insurance subsidiaries or shareholding in any insurers?

BTW, their RTGS system collapsed on Monday last week. Clients were left stranded with many payments not being sent on time.

No...its just the bank & the stockbroker...could have collapsed due too overload....the banking halls are starting to get overcrowded...alot of new clients...folks switching from other banks...hopefully its back online...customer service is great there unlike Barclays...
What customer service? No-one. No-one. No-one called or e-mailed to inform clients that RTGS were delayed or cancelled. When folks on the other side [recipients] did not receive the funds & complained/informed the client is when the information was 'released' [this is on Tuesday] about the crash. For many businesses, a late payment attracts penalties, late fees, penalty interest IN ADDITION to embarrassment and loss of 'trust'.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#57 Posted : Tuesday, September 03, 2013 11:16:46 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@vvs. I think both cfc holdings and I and M will make me profits. one way or another, they are both undervalued compared with the other listed banks and they are growing their profits at a good clip. and not to forget the takeover undertones.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#58 Posted : Thursday, September 05, 2013 9:43:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Not all is rosy in South Sudan http://www.africareview..../-/ewu3sez/-/index.html

This is a grab for forex by GOSS.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#59 Posted : Thursday, September 05, 2013 10:04:38 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Not all is rosy in South Sudan http://www.africareview..../-/ewu3sez/-/index.html

This is a grab for forex by GOSS.

@VVS this is old news...the bank is in compliance http://www.the-star.co.k...ven-south-sudan-9-months
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dunkang
#60 Posted : Thursday, September 05, 2013 10:08:43 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
the deal wrote:
[quote=VituVingiSana]Not all is rosy in South Sudan http://www.africareview..../-/ewu3sez/-/index.html

This is a grab for forex by GOSS.

@VVS this is old news...the bank is in compliance http://www.the-star.co.k...en-south-sudan-9-months[/quote]
Thanks @deal!
Receive with simplicity everything that happens to you.” ― Rashi

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