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Diamond Trust Bank Q3 Results review
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guru267
#31 Posted : Saturday, November 13, 2010 9:10:42 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
polymer1 wrote:
guru267 wrote:
I didn't make any move on this counter in case it raced too fast but since my roof for purchase is 140 on Monday I get in big time... It will be a purely fundamental purchase... then I'll wait for the foreigners to come back for next years rally smile


I doubt foreigners will be buying by the bucket next year given 2012 metrics to get you the rally.


The dynamics that led to the P.E.V will probably never show up again so Just like the referendum the elections will come and go without a hitch so the foreigners can be scared all they want I will still be buying as long as there is value in the counters on the NSE...
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#32 Posted : Saturday, November 13, 2010 9:48:11 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I have been cursing for not having cash to buy dtk when it went to 125-127 last week. Damnit!! By the time im ready to buy, i wonder where it'll be at?? I can only pray.
The investor's chief problem - and even his worst enemy - is likely to be himself
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PKoli
#33 Posted : Saturday, November 13, 2010 10:57:55 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Aguytrying wrote:
I have been cursing for not having cash to buy dtk when it went to 125-127 last week. Damnit!! By the time im ready to buy, i wonder where it'll be at?? I can only pray.


It was trading at 130 even after announcing stellar results. Me thinks it is still a good buy at 130. Based on the performance of 3Q, we could easily see a price of 175 at a modest p/e of 12. Remember, banks with growth of over 50% are being rewarded with p/e of 20 and above, DTB should trade at 200!
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the deal
#34 Posted : Saturday, November 13, 2010 12:37:47 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@VVS drop me an email at youngvet07@gmail.com...i promised u a few cold one's...i think i can honour my promise today...
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shauriyako
#35 Posted : Saturday, November 13, 2010 12:45:28 PM
Rank: New-farer

Joined: 6/17/2010
Posts: 71
Location: Kenya
DTB's performance makes other bank's results that would otherwise be great look not so good. Been watching on the sidelines for a while.I am now kicking myself for not boarding earlier but I think 130 is still a good and possible entry on Monday. Going on to end year results release we should see some interesting movement which I believe we should all take advantage of.

When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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VituVingiSana
#36 Posted : Saturday, November 13, 2010 2:11:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Those who think PEV2012 is a non-starter, don't be too smug... [I pray we don't like inane idiots in 2012] Did you see the 'hero' welcome given to ruto? I betcha kenyatta would get the same from his clan...
Even when wetangula was taken to task over the Japan embassy land, many luhyas were claiming the 'tribe' was being hounded...

I betcha the same for ngilu, kalonzo or any one of the many politicians...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#37 Posted : Saturday, November 13, 2010 3:42:30 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@pkoli. Its a buy at current prices for sure, when it was below 130 it was those deals that are too good to be true. Hence my frustration. I will catch it. I hope the flight can be delayed just abit longer. Of all the shares in the nse, this is the one i have maximum faith in this yr.
The investor's chief problem - and even his worst enemy - is likely to be himself
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PKoli
#38 Posted : Sunday, November 14, 2010 10:41:24 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Aguytrying wrote:
@pkoli. Its a buy at current prices for sure, when it was below 130 it was those deals that are too good to be true. Hence my frustration. I will catch it. I hope the flight can be delayed just abit longer. Of all the shares in the nse, this is the one i have maximum faith in this yr.


I think when you are looking at price appreciation up around 160 or thereabouts, you should cathc the stock at KES 130 and chill. I think DTB is a great buy. I treat it alongside CFC Bank, NIC and KCB at current prices.
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VituVingiSana
#39 Posted : Sunday, November 14, 2010 11:00:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
@Pkoli - CFCStanbic??? LOLest! CFCStanbic can't even hold a candle to DTBK... 2x the balance sheet yet profits are lower than DTBK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#40 Posted : Sunday, November 14, 2010 11:10:28 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
VituVingiSana wrote:
@Pkoli - CFCStanbic??? LOLest! CFCStanbic can't even hold a candle to DTBK... 2x the balance sheet yet profits are lower than DTBK...


The restructing will give CFC a good kick. At the end of the spinoff exercise, it should return to growth.
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