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KCB HY 2011 results are here!
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young
#31 Posted : Thursday, July 28, 2011 4:04:36 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
For speculators Equity is it.
For long term KCB as it will outperform Equity due to cost saving measures that will reflect in late 2012/2013
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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the deal
#32 Posted : Thursday, July 28, 2011 4:08:18 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Sluggish numbers from KCB
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FUNKY
#33 Posted : Thursday, July 28, 2011 4:21:34 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ Young - How can you say that KCB will outperform Equity due to cost saving measures because like KCB even Equity restructured it top management and retired several senior staff voluntarily.
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Gordon Gekko
#34 Posted : Thursday, July 28, 2011 4:38:15 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
kenyainvestor wrote:
All board members contributed 10,000 to feed Kenyans who face the threat of hunger


1. cents or shillings?
2. Each or all put together?

I hope my sarcasm and disgust at the results is noted.
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young
#35 Posted : Thursday, July 28, 2011 4:40:01 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
FUNKY wrote:
@ Young - How can you say that KCB will outperform Equity due to cost saving measures because like KCB even Equity restructured it top management and retired several senior staff voluntarily.


KCB has far bigger balance sheet than Equity.
There more costs to cut in the oversized KCB and MOO is looking in that direction. Factor in the new funds injected by last years rights issue.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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kenyainvestor
#36 Posted : Thursday, July 28, 2011 4:55:25 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
Gordon Gekko wrote:
kenyainvestor wrote:
All board members contributed 10,000 to feed Kenyans who face the threat of hunger


1. cents or shillings?
2. Each or all put together?

I hope my sarcasm and disgust at the results is noted.


Noted!smile
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kenyainvestor
#37 Posted : Thursday, July 28, 2011 4:58:53 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
Forex Income up only 8%. More was expected from all the volatility

Gekko, how much rise in PAT/PBT did you expect?
KCB is much closer to Equity now than it was at Q1.

But a cost:income ratio of 50% (as management wants) seems so far away

LINK: KENYA COMMERCIAL BANK HALF YEAR 2011 ANALYSIS PROFIT BEFORE TAX UP 36.4%
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kenyainvestor
#38 Posted : Thursday, July 28, 2011 5:00:54 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
Mainat wrote:
Kenyainvestor-I find that somewhat counter-intuitive given the times Kenyans are living in.
Banks are rarely ahead of the curve on bad debts. On bad debts, I expect the opposite to be true when it releases its audited figures next March


James Mwangi of Equity say that he will not be raising interest rates and thus does not expect the level of defaults to go up
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young
#39 Posted : Thursday, July 28, 2011 5:11:10 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@kenyainvestor / other experts

Let me ask again, why does NSE reckon with PBT rather than PAT.? It is the only market I invest in that believes so much in PBT.
I think PAT is the key as it dictates the EPS.

Any thoughts or just the kenyan way ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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kenyainvestor
#40 Posted : Thursday, July 28, 2011 5:18:58 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
young wrote:
@kenyainvestor / other experts

Let me ask again, why does NSE reckon with PBT rather than PAT.? It is the only market I invest in that believes so much in PBT.
I think PAT is the key as it dictates the EPS.

Any thoughts or just the kenyan way ?


Does KCB and Equity get taxed at the same rate?

In 2005, the Kenya Government agreed to reduce the level of taxation to 20% for a period of 5 years for any company that chose to list. This was done to encourage listing at the NSE. Equity listed in 2006.

Thus until next year, we cannot compare these two on Profit After Tax
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