StanChart Q1 2013 Profit Before Tax down 16% - Stocks - Wazua

Welcome Guest

Search | Active Topics | Log In | Register

Wazua » Investor » Stocks » StanChart Q1 2013 Profit Before Tax down 16%

StanChart Q1 2013 Profit Before Tax down 16%

Options

Previous Topic · Next Topic

mwekez@ji		#1 Posted : Tuesday, May 28, 2013 6:01:09 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		https://www.nse.co.ke/listed-com...d-bank-quarterly-results
Back to top		Report Abusive \| Report SPAM
User Profile

obiero		#2 Posted : Tuesday, May 28, 2013 7:11:19 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,556 Location: nairobi		mwekez@ji wrote: https://www.nse.co.ke/listed-com...d-bank-quarterly-results This and NBK could easily be among the few that have uncooked books COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Back to top		WWW Report Abusive \| Report SPAM
User Profile

muganda		#3 Posted : Tuesday, May 28, 2013 7:56:25 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,905		My first reaction: "I should've expected this..." SCB has this habit of alternating between bliss and pain, one year to another. Also the habit of losing money when all banks make money and vice versa.
Back to top		Report Abusive \| Report SPAM
User Profile

maka		#4 Posted : Tuesday, May 28, 2013 8:21:36 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		13.2 Fair value changes in available for sale financial assets Q1 2012:- 1,157,145 End year 2012:- 3,212,461 Q12013:- (527,727) possunt quia posse videntur
Back to top		Report Abusive \| Report SPAM \| Edit by user: Tuesday, May 28, 2013 8:25 PM \| Reason: Not specified
User Profile

muganda		#5 Posted : Tuesday, May 28, 2013 8:51:32 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,905		@maka heading says PBT down even before comprehensive income which accounts for the fair value changes. The culprit in my view is decrease in Other Income (450m) and increase in OPEX (450m).
Back to top		Report Abusive \| Report SPAM
User Profile

maka		#6 Posted : Wednesday, May 29, 2013 9:12:53 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		muganda wrote: @maka heading says PBT down even before comprehensive income which accounts for the fair value changes. The culprit in my view is decrease in Other Income (450m) and increase in OPEX (450m). yes yes you are right... possunt quia posse videntur
Back to top		Report Abusive \| Report SPAM
User Profile

mwekez@ji		#7 Posted : Wednesday, May 29, 2013 12:58:48 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		This is the 1st bank i've seen that has no government securities Held To Maturity. All its government securities are Available For Sale
Back to top		Report Abusive \| Report SPAM
User Profile

mwekez@ji		#8 Posted : Wednesday, May 29, 2013 1:50:01 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		muganda wrote: ... The culprit in my view is decrease in Other Income (450m) and increase in OPEX (450m). Concurs. They must have bagged a one off gain in Q1 2013 which was in the other income then. On OPEX, staff cost (+21.3% y/y, +11.3% q/q) and loan loss provision (+89.3% y/y, +305.0% q/q) did it. Its however also notable that NPL have spiked but NPL ratio remains low compared to industry.
Back to top		Report Abusive \| Report SPAM
User Profile

mwekez@ji		#9 Posted : Wednesday, May 29, 2013 2:04:32 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Customer deposits have grown and similarly the loans. .... &this bank has no external borrowing. only relys on cheap funds from group
Back to top		Report Abusive \| Report SPAM
User Profile

mwekez@ji		#10 Posted : Wednesday, May 29, 2013 2:07:09 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Verdict: Income Statement Performance; D Balance Sheet Performance; B Overall Performance; C-D
Back to top		Report Abusive \| Report SPAM
User Profile

erifloss		#11 Posted : Wednesday, May 29, 2013 4:48:12 PM
Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi		obiero wrote: mwekez@ji wrote: https://www.nse.co.ke/listed-com...d-bank-quarterly-results This and NBK could easily be among the few that have uncooked books True, i believe they are the ones providing the true positions. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
Back to top		Report Abusive \| Report SPAM
User Profile

mwekez@ji		#12 Posted : Wednesday, May 29, 2013 5:03:28 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		erifloss wrote: obiero wrote: mwekez@ji wrote: https://www.nse.co.ke/listed-com...d-bank-quarterly-results This and NBK could easily be among the few that have uncooked books True, i believe they are the ones providing the true positions. Ha ha ha. Other banks have reported stellar results because of maintaining high interest rates on loans and paying lower interest rates on deposits. How is that cooking books!!! ... Stanchart was not successful in lowering interest rates on deposits because 55.0% of its deposits are provided by corporate clients who tend to be very demanding. ... NBK iko na mashida mingi
Back to top		Report Abusive \| Report SPAM
User Profile

Jamani		#13 Posted : Thursday, May 30, 2013 2:45:38 PM
Rank: Elder Joined: 9/12/2006 Posts: 1,554		I attended the AGM and I remember two questions asked by one Adan Hussein. 1. Dividend policy based on previous years of 3 payments in a year 2. Reflection on the performance for this year because results had not been released yet the 1st quarter was over. The answers from one Richard Etemesi were 1. The company will revert back to 3 payments starting this year 2. Results are ready and they are good. When management clearly presents lies in an AGM how can they be held to account?
Back to top		Report Abusive \| Report SPAM
User Profile

Kausha		#14 Posted : Thursday, May 30, 2013 2:51:30 PM
Rank: Member Joined: 2/8/2007 Posts: 808		@Jamani I know what you mean. Mr Matu at Olympia is the proffessa on what you saying. Promises dividends will be paid during the week after AGM and you go a whole year without dividends being paid. I wonder what CMA does because this is what they need to reign on, they have overdone brokers time they shifted to the underlying assets themselves. Mr Matu has been issuing dividends which are never paid over the past 3yrs.
Back to top		Report Abusive \| Report SPAM
User Profile

Users browsing this topic
Guest

Wazua » Investor » Stocks » StanChart Q1 2013 Profit Before Tax down 16%

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Email this topic
Print this topic
RSS Feed

Normal
Threaded