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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...

Pray

But for wana-share, kudos as you LMAOs to the ATM.
Applause


@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 BarclaysApplause = sum of profit for all Insurance Companies in Kenya...d'oh!
"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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