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Standard Chartered FY 2015 earnings down 40%
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madebe
#1 Posted : Wednesday, March 23, 2016 5:54:36 PM
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Joined: 10/7/2010
Posts: 251
Location: nairobi
@wazua please update the standard chartered results 2015FY.....


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Full Results Link https://view.publitas.co...riod-ended-31-dec-2015/
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murchr
#2 Posted : Wednesday, March 23, 2016 5:56:07 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
madebe wrote:
@wazua please update the standard chartered results 2015FY.....


@Pesanane is on his way....wait
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Plimsoul
#3 Posted : Wednesday, March 23, 2016 6:02:25 PM
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Joined: 3/3/2016
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hisah
#4 Posted : Wednesday, March 23, 2016 6:31:36 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
PAT down 39.2% from KES 10.43B to 6.34B
EPS down 40.4% from KES 33.51 to 19.97
DPS flat at KES 17 - very bold to payout the same rate as FY 2014 with such a huge profit dip. This is a payout of 85% vs EPS 19.97. Don't they need to reserve cash after such a loss? Think d'oh!

LLP spikes 274% from 1.31B to 4.89B Pray
Net NPL spikes 141% from 326M to 788M.

With a trailing EPS of 19.97 and a rich PER of 10 the price comes to 199.7 or KES 200. Market is trading at 217. Too ambitious, but the rich DPS may hold it up.

Target below 180.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#5 Posted : Wednesday, March 23, 2016 6:43:58 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:
PAT down 39.2% from KES 10.43B to 6.34B
EPS down 40.4% from KES 33.51 to 19.97
DPS flat at KES 17 - very bold to payout the same rate as FY 2014 with such a huge profit dip. This is a payout of 85% vs EPS 19.97. Don't they need to reserve cash after such a loss? Think d'oh!

LLP spikes 274% from 1.31B to 4.89B Pray
Net NPL spikes 141% from 326M to 788M.

With a trailing EPS of 19.97 and a rich PER of 10 the price comes to 199.7 or KES 200. Market is trading at 217. Too ambitious, but the rich DPS may hold it up.

Target below 180.



Terrible!!!!!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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lochaz-index
#6 Posted : Wednesday, March 23, 2016 9:23:53 PM
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Joined: 9/18/2014
Posts: 1,127
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.
The main purpose of the stock market is to make fools of as many people as possible.
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Pesa Nane
#7 Posted : Wednesday, March 23, 2016 9:42:36 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c

Pesa Nane plans to be shilingi when he grows up.
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enyands
#8 Posted : Wednesday, March 23, 2016 9:42:53 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.



Should follow BBK in their way out
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maka
#9 Posted : Wednesday, March 23, 2016 9:48:03 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.


NBK will post phenomenal results...
possunt quia posse videntur
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Pesa Nane
#10 Posted : Wednesday, March 23, 2016 9:49:59 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Final Div. Ksh. 12.50
Payable 27 May 2016
Register closes 22 April 2016
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#11 Posted : Wednesday, March 23, 2016 9:56:00 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Sweetener to shore up the share price

Quote:
The directors will also recommend, subject to regulatory and shareholders' approvals, a bonus issue in the proportion of 1 new ordinary share for every 9 fully paid up ordinary shares then held, to the shareholders register at the close of business on 22 April 2016. Such new shares will rank pari passu in all respects with the existing shares in the capital of the Bank except for the aforementioned dividends and any further dividend paid prior to the bonus issue.
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#12 Posted : Wednesday, March 23, 2016 11:45:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
maka wrote:
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.


NBK will post phenomenal results...
Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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alotoftalk
#13 Posted : Thursday, March 24, 2016 5:23:01 AM
Rank: Member


Joined: 8/27/2015
Posts: 138
Location: Harare
VituVingiSana wrote:
maka wrote:
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.


NBK will post phenomenal results...
Laughing out loudly Laughing out loudly Laughing out loudly


NKB will be the next one to join the brotherhood of KQ/UCHM/TCL.
Investment philosophy development in progress...
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maka
#14 Posted : Thursday, March 24, 2016 7:05:57 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
alotoftalk wrote:
VituVingiSana wrote:
maka wrote:
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.


NBK will post phenomenal results...
Laughing out loudly Laughing out loudly Laughing out loudly


NKB will be the next one to join the brotherhood of KQ/UCHM/TCL.


Never ever....
possunt quia posse videntur
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Mainat
#15 Posted : Thursday, March 24, 2016 7:19:52 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
The British banks are now governed by completely different rules (IFRS9, Basel III) to Kenyan banks and hence the continuing underperformance...
Sehemu ndio nyumba
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watesh
#16 Posted : Thursday, March 24, 2016 9:01:51 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
maka wrote:
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.


NBK will post phenomenal results...

With all the scandal reports i see online and complains i hear from staff sometimes i think NBK cooks results like Imperial Bank
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Angelica _ann
#17 Posted : Thursday, March 24, 2016 9:10:51 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
watesh wrote:
maka wrote:
lochaz-index wrote:
I was expecting such type of results from the banking sector for full year(give or take) but they keep postponing judgement day.

With the exception of scbk results the rest are either flattish or still positive year on year.

2016 and 2017 will be equally tough or worse, better to bite the bullet sooner rather than later.


NBK will post phenomenal results...

With all the scandal reports i see online and complains i hear from staff sometimes i think NBK cooks results like Imperial Bank

results still being cooked until next week!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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