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Banks Wont make you Money in 2011
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the deal
#1 Posted : Wednesday, February 09, 2011 11:18:40 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Banks rallied too much in 2010, i reckon most investors are waiting for the results and then lock in the gains.

Its time to look at other segments of the NSE.

I risk the wrath of Wazua but those are my 2 cents.
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guru267
#2 Posted : Wednesday, February 09, 2011 11:26:08 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
Banks rallied too much in 2010, i reckon most investors are waiting for the results and then lock in the gains.

Its time to look at other segments of the NSE.

I risk the wrath of Wazua but those are my 2 cents.


@the deal what are you talking about...

As long as banks announce higher profit growth for 2011 over 2010 then they will rally because the we all know what the forward P/E will be.
Mark 12:29
Deuteronomy 4:16
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QD
#3 Posted : Wednesday, February 09, 2011 11:34:46 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
I suppose banks will make money in 2011 coz of the wider mkt target they are aggressively focusing on. Equity & Iko pesa, Mkesho I&M en safcom visa travell. these will translate to increased fees as well as the other products i.e brokerage, real estate.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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mwanahisa
#4 Posted : Wednesday, February 09, 2011 11:38:17 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
the deal wrote:
Banks rallied too much in 2010, i reckon most investors are waiting for the results and then lock in the gains.

Its time to look at other segments of the NSE.

I risk the wrath of Wazua but those are my 2 cents.


You need to do better than just saying that banks rallied too much last year and hence WONT MAKE YOU MONEY THIS YEAR.

PEs and Dividend Yields based on expected 2010 results for most banks are not out of sync with the rest of the market.

DISCLAIMER - I have about 70% of my portfolio in Financials (Banks & Jubilee). Young will be appalled.
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the deal
#5 Posted : Wednesday, February 09, 2011 11:44:03 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
A Bank like CFC has a sizeable portion of its profits from trading in bonds...so the rest follows...
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mwanahisa
#6 Posted : Wednesday, February 09, 2011 12:05:08 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
What of Equity, KCB & Coop? Their profitability growth was hardly due to bond trading.
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VituVingiSana
#7 Posted : Wednesday, February 09, 2011 2:43:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@the deal is NOT saying Banks will not make (more) money but that the 'rally' in prices might slow down...

Also the Bond Trading Income will drop OR the 'paper' gains will be lower in 2011 vs 2010...

Some banks e.g. Equity & KCB are going for the larger EA region... there is growth there...

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#8 Posted : Tuesday, April 26, 2011 9:16:00 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
so dyer and blair were reading my lips...mmmmh...!
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mlennyma
#9 Posted : Tuesday, April 26, 2011 9:24:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Many times analysts bite the dust,this prediction is not cast on stone but i agree this yr cant match last years rosses.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#10 Posted : Tuesday, April 26, 2011 9:33:40 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Where else do we look for returns? Coz generally when the controllers of money (banks) aren't happy...then many others will not be.
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