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Realtreaty
#1 Posted : Wednesday, March 21, 2018 10:57:09 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
The books are still too many to be completed. The bank that comes early is yet to give us its best results.
I can't wait to see Equity share price keep rising and expecting FY2017 to come immediately just to see none but price keep going up.

This is the week and I am planning one day to add more
Without capping Equity and its friend KCB will climb to 70
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tandich
#2 Posted : Thursday, March 22, 2018 9:31:57 AM
Rank: Member


Joined: 5/6/2008
Posts: 199
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watesh
#3 Posted : Thursday, March 22, 2018 9:43:42 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
They padded the results by decreasing Loan Loss Provision....
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lochaz-index
#4 Posted : Thursday, March 22, 2018 10:11:08 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?
The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson
#5 Posted : Thursday, March 22, 2018 10:31:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,686
Location: NAIROBI
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


To make a fool out of us.
That explains the reason of delay in releasing the results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#6 Posted : Thursday, March 22, 2018 10:34:09 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


To make a fool out of us.
That explains the reason of delay in releasing the results


Wonder how this will work out for them on IFRS
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lochaz-index
#7 Posted : Thursday, March 22, 2018 10:37:06 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


To make a fool out of us.
That explains the reason of delay in releasing the results

That is fatal short-termism on the banks' part. Will come back to bite them in ass 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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AndyC
#8 Posted : Thursday, March 22, 2018 10:44:27 AM
Rank: Member


Joined: 4/21/2015
Posts: 151
lochaz-index wrote:
Ericsson wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


To make a fool out of us.
That explains the reason of delay in releasing the results

That is fatal short-termism on the banks' part. Will come back to bite them in ass sooner rather than later.

Maybe euro bond 2 will pay all those owed by government and related institutions and they will repay their loans.
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Pesa Nane
#9 Posted : Thursday, March 22, 2018 10:47:24 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


Shame on you Check again. NIC loan loss provision was increased not decreased
Pesa Nane plans to be shilingi when he grows up.
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ngapat
#10 Posted : Thursday, March 22, 2018 10:55:24 AM
Rank: Member


Joined: 12/11/2006
Posts: 884
What advises on loan loss provision. Should loan loss provision always go up year on year or there is a formular of determining it
β€œInvest in yourself. Your career is the engine of your wealth.”
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Ericsson
#11 Posted : Thursday, March 22, 2018 10:57:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,686
Location: NAIROBI
Pesa Nane wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


Shame on you Check again. NIC loan loss provision was increased not decreased


Acha nnecessary noise and arguments.
Check under operating expenses.
Loan loss provision in FY2016 sh.3,749,530,000
Loan Loss provision in FY2017 sh.2,979,723,000
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#12 Posted : Thursday, March 22, 2018 12:00:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#13 Posted : Thursday, March 22, 2018 12:43:50 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile



You like digressing 😁😁
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VituVingiSana
#14 Posted : Thursday, March 22, 2018 12:46:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile


You like digressing 😁😁

Shame on you Shame on you Shame on you Check the thread(s) above... @lochaz, @pesanane, @ericsson were going on and on about NIC
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#15 Posted : Thursday, March 22, 2018 12:53:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,686
Location: NAIROBI
watesh wrote:
They padded the results by decreasing Loan Loss Provision....


Loan Loss provison reduced by sh.3.2bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kingotore
#16 Posted : Thursday, March 22, 2018 1:12:55 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
Has they retained a divided of sh 2/= per share?
GOOD TO GREAT. KINGOTORE
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Kingotore
#17 Posted : Thursday, March 22, 2018 1:15:08 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
Perhaps they have considered government if any maturing or matured to be paid through euro bond proceeds
GOOD TO GREAT. KINGOTORE
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watesh
#18 Posted : Thursday, March 22, 2018 1:16:09 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Ericsson wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....


Loan Loss provison reduced by sh.3.2bn

I have been thinking, could this be that Kenya Airways debt? They were owed around Ksh4.28bn. If it is, then it makes sense now after the debt equity restructuring
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Pesa Nane
#19 Posted : Thursday, March 22, 2018 1:45:12 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Pesa Nane wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


Shame on you Check again. NIC loan loss provision was increased not decreased


Acha nnecessary noise and arguments.
Check under operating expenses.
Loan loss provision in FY2016 sh.3,749,530,000
Loan Loss provision in FY2017 sh.2,979,723,000

Mea culpa.
Pesa Nane plans to be shilingi when he grows up.
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sparkly
#20 Posted : Thursday, March 22, 2018 2:14:11 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
lochaz-index wrote:
Ericsson wrote:
lochaz-index wrote:
watesh wrote:
They padded the results by decreasing Loan Loss Provision....

I have seen the same thing with NIC...any plausible explanation?


To make a fool out of us.
That explains the reason of delay in releasing the results

That is fatal short-termism on the banks' part. Will come back to bite them in ass sooner rather than later.


Shauri yenyu. Sisi kama memba tuko ndaani ndaani kama ninii
Life is short. Live passionately.
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