I think total assets is what counts,they seem to be the most heavily capitalised IB even larger then some small banks i know.

And in the current harsh environment what did you expect,all the others made loosses propotional to their size. DB made profits of over three hundred million the year before so it should be expected that their losses would be large. (And i am suspicious of the results of some of these brokers)

They are also the only broker who made an income from other sources of over 37 million they have diversified and have a very long list of accomplishments this year. Such as the Stanbic Uganda Bond,the Kigali Bond,the TZ CRDB bank IPO and other advisory work.

I have my CDS a/c with them and i dont think i moving anytime soon



Make the money

D & B has been in the investment sector for more years and the founder member of the NSE. As we all know that experience is the best teacher.

Besides there is the G F C affecting the whole world. Yes it has made a loss but have you tried to find what good efforts it has done to help it?

Please as an investor be more informed,do not listen to the news and think it is sufficient find out more.


babadila

Beyond auditing the numbers,CMA must also urgently come up with reporting proforma that all the brokers have to use. This will avoid the situation where some like AIB (v suspicious numbers) has lumped all its income into one number instead of showing stuff like how much brokerage comm it made,how much profit it made from investments etc. Finally for the ibs,I think they have to do what Centum does i.e. list out all its holding in shares and the price it bought them at. That way,we'll be able to tell when an investment bank is manipulating a shareprice by either selling or buying in huge amounts.

www.mjengakenya.blogspot.com

but again looking at it from another perspective,these brokers/IB have traditionally been too risk loving in that they only have engaged in one line of business forgetting what they have always advised investors ....diversifying their portfolios ...its the high time this segment of financial intermediation becomes more innovative and thinks of other avenues of generating revenue to spread risk and supplement the existing ones.....

muki- i don't deal in rumours. for D&B,have a look at its unreleased gains/losses and compare to shares in the balance sheet. For Rencap,made Ksh882m profit in H1 of 2008,this half nothing not even any investments in shares.
And what does this proforma look like,I've just gone thru CMA's regulations and there is no proforma in there? Ama,you arethe type who believe everything you read in the newspapers?