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Barclays hikes interim dividend 50%
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cnn
#1 Posted : Tuesday, August 07, 2012 10:26:53 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Pre-tax profit is up 18% at half year and the interim dividend 30 cents per share,this in part could be attributed to the Libor scandal their Plc is facing,they could be trying to bridge the hole the fines will create by getting the subsidiaries to pay higher dividends.I will expect the same at full year.
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Ericsson
#2 Posted : Tuesday, August 07, 2012 10:31:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
cnn Libor scandal had nothing to with their profits.The two operate as independent entities
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#3 Posted : Tuesday, August 07, 2012 10:42:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
In the period March to June 2012:
Total assets have shrinked by ksh. 8 billion
Total loans and advances to customers have grown by ksh.827 million
Customer deposits have declined by ksh.2 billion.
The bank needs to do alot of marketing to woo more customers for future growth.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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StatMeister
#4 Posted : Tuesday, August 07, 2012 10:51:04 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Ericsson wrote:
In the period March to June 2012:
Total assets have shrinked Laughing out loudly Laughing out loudly Laughing out loudly by ksh. 8 billion
Total loans and advances to customers have grown by ksh.827 million
Customer deposits have declined by ksh.2 billion.
The bank needs to do alot of marketing to woo more customers for future growth.

A bad day fishing is better than a good day at work
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King G
#5 Posted : Tuesday, August 07, 2012 10:52:06 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
waiting for it at 12-13 range again
Thieves
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Jamani
#6 Posted : Tuesday, August 07, 2012 11:13:36 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
BBK’s managing director Adan Mohamed said Tuesday the bank’s profit after tax stood at Ksh4.2 billion ($50 million) for the half ending June 2012, up from Ksh3.6 ($42.8 million)a similar period last year.

“We continue to grow in all lines of income while managing costs efficiently through investment in technology and improved productivity” said Mr Mohamed.
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cnn
#7 Posted : Tuesday, August 07, 2012 11:23:11 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Ericsson wrote:
cnn Libor scandal had nothing to with their profits.The two operate as independent entities

I do not understand what you mean..who is the majority shareholder in Barclays Kenya and other subsidiary's? outside the UK?,and who was involved in the Libor scandal?
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VituVingiSana
#8 Posted : Tuesday, August 07, 2012 11:51:48 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
cnn wrote:
Ericsson wrote:
cnn Libor scandal had nothing to with their profits.The two operate as independent entities

I do not understand what you mean..who is the majority shareholder in Barclays Kenya and other subsidiary's? outside the UK?,and who was involved in the Libor scandal?
The businesses are run independently despite the ownership. In any event, BBK is a tiny part of Barclays PLC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#9 Posted : Tuesday, August 07, 2012 11:57:23 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@vvs...true they are run independently but take the decision to sell the custody business in several countries to Stanchart where was the decision made?.
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sparkly
#10 Posted : Tuesday, August 07, 2012 7:04:54 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
King G wrote:
waiting for it at 12-13 range again


very possible. This is a mature business, with little growth prospects. Best strategy is to buy when mr Market is in a foul mood reap the dividends and sell when mr Market is euphoric.
Life is short. Live passionately.
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