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mlennyma		#11 Posted : Wednesday, February 23, 2011 1:13:47 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Someone wants to be noticed. "Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa		#12 Posted : Wednesday, February 23, 2011 3:47:34 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		The HUGE disparity on the BS btwn interest earned on loans & interest paid on deposits is just hilarious! Lol!
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erifloss		#13 Posted : Wednesday, February 23, 2011 6:52:08 PM
Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi		guru267 wrote: Impunity wrote: guru267 wrote: @impunity the gain from the sale of the custodial services was 3.5 billion leaving a real operating profit of 10billion which is about a 10% profit growth.. Barclays kenya will never post a 20% growth in a boom period.. I NORMALLY DONT TRUST OUR MEDIA HOUSES 63%...But for NTV to repeat the same news three times including this morning!Plus citizen and KTN channels, its hard to believe thy lied. Anyway any person here with a link to the results can put this rest. @impunity the growth in the PBT not the PAT is more relevant. PBT was up 10% while PAT was up 20%... @Impunity, go ahead and look at their deferred tax and you'll understand guru267. Newspapers will never do the analysis for you, you have to do it yourself. 51% is there to make good news headline. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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mwanahisa		#14 Posted : Thursday, February 24, 2011 12:24:58 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		guru267 wrote: Impunity wrote: 51% increase in pretax profit? How is this possible? Sack a couple of heads, merge others then make humongous profit! Pure CAPITALIST... But for wana-share, kudos as you LMAOs to the ATM. @impunity seriously where have you been??? their real profit growth is around 5% The 51% growth has come from the sale of their custodial services to stanchart @g267, I have been away since the weekend but I have now managed to have a look at the BBK results. You are wrong on the profit growth figure you have cited above. Normalised profits after tax (ignoring the impact of the exceptional item <i.e the gain> arising on the sale of the custody business to SCBK did indeed grow by about 22%. For a giant like BBK, that is not growth to scoff at, I would actually say these results came in slightly better than my expectations. However the price jump is primarily due to the hefty dividend. Will it be sustained? Possible but unlikely!
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VituVingiSana		#15 Posted : Thursday, February 24, 2011 12:58:40 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi		22% profit growth for BBK = entire profit of some mid-sized banks! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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erifloss		#16 Posted : Thursday, February 24, 2011 1:04:31 PM
Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi		I'm starting to have a feeling that this year investors will be largely driven by capital retention, modest growth & good income yields. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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My 2 cents		#17 Posted : Thursday, February 24, 2011 1:07:58 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,090		The truth is that the BBK results were very good; with or without the sale of the custodial business. The growth mainly came from cost containment. Something that SCBK is also extremely good at. By sitting tight on costs I am sure they will manage to squeeze out another 1 billion extra in profits next year. Some banks report 'phantom profits'. To test actuality check dividends as a % of declared profits.......... I hope people are not busy cooking books hence delays from other banks
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Genghis Khan		#18 Posted : Friday, February 25, 2011 8:20:44 AM
Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi		VituVingiSana wrote: 22% profit growth for BBK = entire profit of some mid-sized banks! Profit for Barclays = sum of profit for all Insurance Companies in Kenya... "I'd rather be lucky than clever... every time!" - ME "The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN "Space we can recover... time never!" - NAPOLEON BONAPARTE
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miser		#19 Posted : Thursday, March 17, 2011 4:26:34 PM
Rank: Member Joined: 7/7/2008 Posts: 124		Dear shareholders let us say no to split of this share!It is not worth it.I recall in the first split when it was around 590/=,after the split,was it 5 times?...it plummeted to almost 40 bob!!Today its around 59/= and i guess at the date of book closure it will be at 50/=.Meaning after split it will be 12.50/=.Good gracious is it worth it?NOPE!!Vote no split please!!! Do not ask me at what point I got in but I am contented to have it inherited by my children coz I can't sell....never ever...the effect would be too painful to bear!
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For Sport		#20 Posted : Thursday, March 17, 2011 8:44:11 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		Miser, if you're not ever ever selling, then a split shouldnt worry you too much. In fact,any drop in price allows you to pick more shares cheaply. The price will eventually reflect the value of the share.
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