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Diamond Trust Bank Q3 Results review
Rank: Elder Joined: 9/15/2006 Posts: 3,907
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Top of class performance from Diamond Trust in today. What with EPS already exceeding full year last year by 100% in only 9 months? And so quiet, no fuss, one line explaining good fortunes are due to non-interest income rise... http://www.nse.co.ke/newsite/pd...ements/DTB%20RESULTS.pdf
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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The third quarter earnings per share up from 4.96 to 10.83.Bond trading assisted.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Top notch performance. I was afraid that they just could not replicate the powerful Q2 results!
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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cnn wrote: The third quarter earnings per share up from 4.96 to 10.83.Bond trading assisted. in other words Q3 is up 118% compared to last year's Q3. I will not sell bellow 180 after bonus next year.
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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@stockmastor can you comment.
Which of the three scenario came to pass. Iam waiing you.
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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Akia nani nimekuwa sonko lol!!! I bought this stock coz I believe 100% in the management...I only required 15-20% growth annually to be satisfied...inaonekana utajiri umeingia mapema  The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi
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Hats off, Pants off to these guys! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 10/5/2010 Posts: 23
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good results, however take note of where the growth is coming from, the made 1 billion from other income (trading in bonds) prices of bonds go up when interest rates go down. I don't expect interest rates to go down any further so this growth in other incomes won't happen next year
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Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi
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@wangugi - But if they can pocket [cash in] the 'supernormal' profits this year then they go in stronger next year with a stronger capital base. Also the 'cash' from Bonds can be on-lent next year... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 10/5/2010 Posts: 23
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@vituvingi, I agree with you but guys should not over celebrate the 100% + growth, DTB is not very aggressive in their core business, interest income grew by only 13.5% actually if you remove the 1 b they made from bonds profits will remain flat if not decline
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Diamond Trust Bank Q3 Results review
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