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KenolKobil, KPLC or KCB?
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Barrywhite wrote:Kenya Commercial Bank Group announced a remarkable Profit before Tax of Kshs.2.51 billion for the three month period ended 31 March 2011 compared to Kshs.1.90 billion recorded during the same period in 2010, a commendable growth of 32%.
Key financial highlights include:-
Total customer deposits increased to Kshs.209 billion compared to Kshs.185 billion in March 2010, an impressive growth of Kshs.24 billion representing 13%.
The loan portfolio (net) increased by 23% from Kshs.125.9 billion in 2010 to Kshs.155 billion in 2011.
Total assets increased by a significant 23% to Kshs.270.9 billion compared to Kshs.220.7 billion registered in the same period in 2010.
Net profit increased from Kshs1.332 billion in 2010 to Kshs1.774 billion in 2011, representing a growth of over 33%
On the account of increased lending, Net Interest income increased by 32% to Kshs.5.111 billion from Kshs.3.873 billion recorded in 2010.
Non-funded income increased to Kshs.2.8 billion in 2011 compared to Kshs.2.6 billion in 2010 representing a 7% growth, mainly from fees and commissions and it constituted 35% of the total revenue.
What they need to do is to cut down their expenses asap. Life is short. Live passionately.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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KCB ex today. If you have moolah, pick it at [25 - 25.50] because it will recover shortly.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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Gordon Gekko wrote:KCB ex today. If you have moolah, pick it at [25 - 25.50] because it will recover shortly. May drop by like 5%, equivalent to div yield. One can pick it up then for good short term gains as well as maximise returns for those who already got a dividend. 
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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With the broker commission at 1.4% - 1.8% (CFC Stanbic), making 3% for five days work is a good weeks work...
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Gordon Gekko wrote:With the broker commission at 1.4% - 1.8% (CFC Stanbic), making 3% for five days work is a good weeks work... This can provide a good ground for active Traders like @Lovely2010 But the offer is only up to 31-May, so I wont build up pressure on it anyway. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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This seems to be the year for kcb. i see it coming to 24.00 (or is it wish?) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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What KPLC need is competition...cant municipalities form their own electricity distributing companies i.e Mombasa i mean it will increase their revenues...meanwhile KENGEN is getting served http://www.businessdaily...18/-/mwg3in/-/index.html
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguytrying wrote:This seems to be the year for kcb. Why do you say so? By the way, disappointed that my sell order at 27 yesterday didn't go through  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Aguytrying wrote:This seems to be the year for kcb. Why do you say so? By the way, disappointed that my sell order at 27 yesterday didn't go through That's what u get for going against the ways of this here comrade. Trust me it is a blessing in disguise.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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My updated position on KCB is that the momentum set by the Q1 results gives further reason to hold till H1 are out & also the likely approval of the USD.105M from IFC in early June 2011. For now I gladly await the crediting of the generous dividend next month and also the likely bounce back of the share price xd.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=the deal]...meanwhile KENGEN is getting served http://www.businessdaily...8/-/mwg3in/-/index.html[/quote] Kengen's relevance to this economy cannot be easily wished away/substituted and the additional capacity from IPPs is a welcome benefit on the macro level.
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Rank: New-farer Joined: 3/29/2011 Posts: 56 Location: Kenya
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The news that the Kenya Government plans to suspend the review of electricity tariffs will no doubt come as a disappointment to Kenya Power and Lighting Company (KPLC) shareholders. But it should definitely not come as a surprise to them. Plus is Kenya really a free market where the cost of goods and services is determined by demand and supply? Read my blog post. LINK: KPLC SHAREHOLDERS SHOULDN'T BE SURPRISED
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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youcan'tstopusnow wrote:Aguytrying wrote:This seems to be the year for kcb. Why do you say so? By the way, disappointed that my sell order at 27 yesterday didn't go through because its in this year that the market has began to value it properly, and i dont think its over yet. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/29/2011 Posts: 257
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Aguytrying wrote:This seems to be the year for kcb. i see it coming to 24.00 (or is it wish?) KCB really mean business... pun intended! I think I'll hold on to my shares for a lot longer now... http://www.businessdaily...2/-/ub05pfz/-/index.html"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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It looks like KCB is back in vogue. After the tepid results from the other banks i.e. BBK and SCBK that are favoured by Fund Managers, I can't say I am surprised.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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KCB will have a life of its own this year. Not just because of growth in business but mostly fruits of the transformation programme.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I do hope so. But at current prices, while I still hold on to my KCB position, I am ramping up my position in Equity Bank as the money is already coming in!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwanahisa wrote:I do hope so. But at current prices, while I still hold on to my KCB position, I am ramping up my position in Equity Bank as the money is already coming in! Haina noma. My position is still the same. "Bet the house on KCB"
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Rank: Member Joined: 12/15/2010 Posts: 162
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Meanwhile, KK continues to receive a beating from the market. If one has been planning to go in or to accumulate, start now at KES9.25 and buy all the way to KES.9.00 (If we get there). When big money comes back to this counter its price will go all the way to the sky
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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KK is writhing on the floor...ouch!!!! I'm seriuosly thinking leveraged trading now!
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KenolKobil, KPLC or KCB?
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