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Banks Wont make you Money in 2011
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Iborian
#21 Posted : Tuesday, April 26, 2011 7:10:56 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
And who the h..l is Giro Bank. Can't say that I have ever heard of them. Oh Oh now I remember they are the same folks who own Car and General. Now, isn't that a coincidence? So what will happen to Cars & etc?

[quote=the deal]Hehehe ati my picks are appalling C&G will continue to kick a**

Now i hope this GIRO Showing is not a pointer to the rest http://allafrica.com/stories/201104191058.html[/quote]
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Cde Monomotapa
#22 Posted : Tuesday, April 26, 2011 7:35:46 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Hehehe ati my picks are appalling C&G will continue to kick a**


Matter of fact..ever since u joined the media (blog)..sisemi kitu. Lol!
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youcan'tstopusnow
#23 Posted : Tuesday, April 26, 2011 7:50:50 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
the deal wrote:
Hehehe ati my picks are appalling C&G will continue to kick a**


Matter of fact..ever since u joined the media (blog)..sisemi kitu. Lol!

Laughing out loudly Wewe Cde, why are you trying to gag the media?
GOD BLESS YOUR LIFE
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  | | Edit by user: Tuesday, April 26, 2011 7:51 PM | Reason: Not specified
Cde Monomotapa
#24 Posted : Tuesday, April 26, 2011 10:24:19 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
the deal wrote:
Hehehe ati my picks are appalling C&G will continue to kick a**


Matter of fact..ever since u joined the media (blog)..sisemi kitu. Lol!

Laughing out loudly Wewe Cde, why are you trying to gag the media?

Influences from certain governments I admire ;-)
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VituVingiSana
#25 Posted : Tuesday, April 26, 2011 11:00:59 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Giro Bank ad C&G are different businesses...
What I am curious about is how some banks with HUGE bond gains will do in 2011?

Banks like DTB will be OK coz they have expanded into the region. Not sure about the others.

CFC Stanbic might have a tough time in 2011 matching 2010's performance!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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erifloss
#26 Posted : Tuesday, April 26, 2011 11:25:17 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
VituVingiSana wrote:
Giro Bank ad C&G are different businesses...
What I am curious about is how some banks with HUGE bond gains will do in 2011?

Banks like DTB will be OK coz they have expanded into the region. Not sure about the others.

CFC Stanbic might have a tough time in 2011 matching 2010's performance!

I seem to think that DTB is the bank that will be in a lot of shit. If my memory serves me right their growth on interest income was below 20% and their significant growth was from bond trading.
'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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VituVingiSana
#27 Posted : Tuesday, April 26, 2011 11:30:08 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
erifloss wrote:
VituVingiSana wrote:
Giro Bank ad C&G are different businesses...
What I am curious about is how some banks with HUGE bond gains will do in 2011?

Banks like DTB will be OK coz they have expanded into the region. Not sure about the others.

CFC Stanbic might have a tough time in 2011 matching 2010's performance!

I seem to think that DTB is the bank that will be in a lot of shit. Though if my memory serves me right their growth on interest income was below 20% and their significant growth was from bond trading.
Well, if DTB made a one-off gain on Bonds in 2010 then that was very smart of them... but the core profits from lending will probably rise vs 2010
1) Regional expansion
2) Additional cash to lend from increased deposits + sale of bonds
3) Smart management
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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erifloss
#28 Posted : Tuesday, April 26, 2011 11:46:53 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
VituVingiSana wrote:
erifloss wrote:
VituVingiSana wrote:
Giro Bank ad C&G are different businesses...
What I am curious about is how some banks with HUGE bond gains will do in 2011?

Banks like DTB will be OK coz they have expanded into the region. Not sure about the others.

CFC Stanbic might have a tough time in 2011 matching 2010's performance!

I seem to think that DTB is the bank that will be in a lot of shit. Though if my memory serves me right their growth on interest income was below 20% and their significant growth was from bond trading.
Well, if DTB made a one-off gain on Bonds in 2010 then that was very smart of them... but the core profits from lending will probably rise vs 2010
1) Regional expansion
2) Additional cash to lend from increased deposits + sale of bonds
3) Smart management

In Q1 it might happen. Q2 i don't see it happening at all:
1. With rising interest rates, i don't see them trading on bonds.
2. We are all sucked in by YOY growth and breaking down previous year's earnings to justify drops in income never works.
3. Income from their foreign operations was factored in their 2010 earnings.
4. I think Smart Management is what we might bag on!
'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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KulaRaha
#29 Posted : Wednesday, April 27, 2011 9:02:25 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
[quote=the deal]Hehehe ati my picks are appalling C&G will continue to kick a**

Now i hope this GIRO Showing is not a pointer to the rest http://allafrica.com/stories/201104191058.html[/quote]

All those banks with huge "other income" in 2010 will exhibit this trend.
Business opportunities are like buses,there's always another one coming
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VituVingiSana
#30 Posted : Wednesday, April 27, 2011 10:15:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Well... Co-op certainly made huge gains...

Impressed that they released 1Q results BEFORE Equity Bank!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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