BBK...the investment for senior citizens...

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11.54% is pitiful, the future does not look bright, BBK brand is no longer that classic as it was in the 90s, the home boys, Equity, KCB and Coop will run in the future just like UBA and Ecobank in west africa

[quote=the deal]Barclays Bank Kenya 1Q 2011 Earnings Analysis

Commentary
Like i anticipated there is a strong divergence between the perfomance of BBK compared to the perfomance of local banks such as Equity Bank, Diamond Trust Bank and Coop Bank, this is mainly due to the conservative nature of this foreign multinationals, their always reluctant to lend instead most of them focus on Bond trading, i expect them to struggle this year as income from bond trading declines (BBK -36% this quater). EPS for 1Q 2011 stands at Ksh 1.1 that gives a forward EPS of 4.4 if they keep the 1Q momentum which is way below the 2010 EPS of 7.8 (included the once off sell of their custodial business to Standard Chartered). At a forward PE of 15 BBK is a hold or reduce. NB: all calculations do not include shares from the recently announced 4 for every 1 split.

Entire article here http://contrarianinvesti...a-1q-2011-earnings.html[/quote]

wld have clicked the 'like' button if i cld..its nice keep up.

Banks to BUY, in order (YBC style, I know....):
1. Equity: Massive growth, more expected
2. KCB: Good reforms, if they cut costs they will give equity a run for their money and boost investor returns
3. DTB: Always inching up, up , up....The leader in the mid-tier banks. Its follwed closely by
4.NIC: Its a BUY at current prices. Best corporate governance out there btw almost like
5. I&M Bank Ltd:...Ooops, not listed but when it is, buy quickly. I know something you don't. ;-)