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Equity & KCB ...A goat & A sheep
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Mainat
#31 Posted : Friday, October 28, 2011 10:52:17 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Everybody seeems to be forgetting who has just overtaken who this yr. KCB used to miles ahead on PBT and BS terms. Equity pulled ahead at H1 and will now continue moving forward. It doesn't matter if you cover the whole of Africa, but your ROA, liquidity metrics are mediocre
Sehemu ndio nyumba
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KiFagio
#32 Posted : Friday, October 28, 2011 11:57:26 AM
Rank: Member

Joined: 9/27/2011
Posts: 123
Location: Nairobi
the deal wrote:
Equity Bank is a better investment over KCB any day but sentiment is with KCB this days

Its not sentiments but investors seeing potential. With recent restructuring and the expansion to the wider EA market (possibly even DRC) KCB is surely going to be the LEADER in all fronts-profitability, branch network etc. At the moment I think its more about the future rather than past.
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the deal
#33 Posted : Friday, October 28, 2011 12:07:04 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
OK I agree, KCB is the Lion...lets sell off Equity...it has no future!!!
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guru267
#34 Posted : Friday, October 28, 2011 12:09:44 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mainat wrote:
Everybody seeems to be forgetting who has just overtaken who this yr. KCB used to miles ahead on PBT and BS terms. Equity pulled ahead at H1 and will now continue moving forward. It doesn't matter if you cover the whole of Africa, but your ROA, liquidity metrics are mediocre


Trust me.. if KCB meets restructuring goals as it is currently doing member will never catch up to them..

member relies on the common man too much & doesnt even have the next frontier of mortgage business.. SO SAD!! Lets see how many more wanjiku's there are to lend to going forward..
Mark 12:29
Deuteronomy 4:16
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the deal
#35 Posted : Friday, October 28, 2011 12:26:15 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@MainaT member was the net lender during the recently concluded liquidity crunch, we are branchless...our 3Q PBT took a knock cos we lost Sh1Billion when we mtm 15% of our bond portfolio...our NPL's are declining...meaning Wanjiku is paying his loans...at FY we will be miles ahead...btwn real estate is a bubble...We set the pace they follow...Rwanda is now open for business!
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Cde Monomotapa
#36 Posted : Friday, October 28, 2011 12:31:15 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
yOwn! Let's chat over full year.
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the deal
#37 Posted : Friday, October 28, 2011 12:42:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Yesterdays common man is todays middle class...on KCB i'm a trader...at Sh18 i will exit & put the money in Member...thats my long term play...brick and motor is stone age!!! Lets go branchless!!!
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mukiha
#38 Posted : Friday, October 28, 2011 12:46:11 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Mainat wrote:
Everybody seeems to be forgetting who has just overtaken who this yr. KCB used to miles ahead on PBT and BS terms. Equity pulled ahead at H1 and will now continue moving forward. It doesn't matter if you cover the whole of Africa, but your ROA, liquidity metrics are mediocre


Reminds me of the PanAfrican CELTEL versus the Kenyan SAFARICOM. We still remember how that one went, don't we?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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selah
#39 Posted : Friday, October 28, 2011 12:51:23 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
looking at loans & advances as an example kcb has suppassed equity by a whooping 84B interms of portfolio but when it comes to income from the same Kcb manages to beat Equity by about 4B only.

This example alone shows how KCB is inefficient and if it can not perform in an area where it has a comanding role what makes you think the restraucturing will make the loans more profitable than it is now.

Kcb is struggling to maintain the statutory liquidity ratio for a company that had a right issue just the other day to take a loan to shore up its liquidity is troubling if not a total fail.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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KiFagio
#40 Posted : Friday, October 28, 2011 1:14:50 PM
Rank: Member

Joined: 9/27/2011
Posts: 123
Location: Nairobi
mukiha wrote:
Mainat wrote:
Everybody seeems to be forgetting who has just overtaken who this yr. KCB used to miles ahead on PBT and BS terms. Equity pulled ahead at H1 and will now continue moving forward. It doesn't matter if you cover the whole of Africa, but your ROA, liquidity metrics are mediocre


Reminds me of the PanAfrican CELTEL versus the Kenyan SAFARICOM. We still remember how that one went, don't we?

Thats nostalgia! Going forward member will be paying full corporate tax like the lion & dont forget associated companies are not doing so well - like britak with HF playing catch-up to S&L. Member's future looks bleak unlike the rosy lion's.
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