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KCB and Equity Dividends Anouncements Are Close By
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young
#1 Posted : Wednesday, February 29, 2012 5:31:41 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
I believe tomorrow 1st March is the D-day for the announcement.

While waiting for the actual numbers my prediction is

KCB 1st & final dividend 1.75 bob
Equity 1st & final dividend 1.20 bob

In terms of dividend growth relative to FY 2010, I give it to Equity Bank.

Disclaimer:- This is only my estimate.
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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guru267
#2 Posted : Wednesday, February 29, 2012 8:51:34 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
young wrote:

KCB 1st & final dividend 1.75 bob
Equity 1st & final dividend 1.20 bob


To avoid disappointment I have lowered my expectations to 1.5bob for KCB..

I do not follow equity bank but I believe it is starting from a low base in terms of dividends..These two companies earn more or less equal profits but KCB will dish out much more to shareholders by a whooping 1billion kshs more than equity bank according to your estimates..

Again according to your estimates Equity has a lot more work to do to catch up with KCB in terms of dividend yield..
Mark 12:29
Deuteronomy 4:16
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mlennyma
#3 Posted : Wednesday, February 29, 2012 8:57:08 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
If barclays gave a special dividend why are these two banks so greedy not to give back?
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#4 Posted : Wednesday, February 29, 2012 9:08:52 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
If barclays gave a special dividend why are these two banks so greedy not to give back?


Because Barclays has stagnated and has no need for the cash while KCB and Equity are circling the whole of Eastern Africa opening subsidiaries for which they need capital..
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#5 Posted : Wednesday, February 29, 2012 9:32:15 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
KCB Group pays out almost 50% of net profit as dividend. That is generous enough.
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Aguytrying
#6 Posted : Wednesday, February 29, 2012 11:26:50 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
KCB Group pays out almost 50% of net profit as dividend. That is generous enough.


indeed
The investor's chief problem - and even his worst enemy - is likely to be himself
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the deal
#7 Posted : Thursday, March 01, 2012 8:20:18 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
My forecast for KCB: PAT Sh8.3 Billion, EPS 2.81, Dividend to be hiked by 50% to Sh1.75-2...might suprise with a rights issue.
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FUNKY
#8 Posted : Thursday, March 01, 2012 8:22:29 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ Deal - KCB have already done two rights issues. I doubt they will do another one soon.
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guru267
#9 Posted : Thursday, March 01, 2012 8:28:09 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
My forecast for KCB: PAT Sh8.3 Billion, EPS 2.81, Dividend to be hiked by 50% to Sh1.75-2...might suprise with a rights issue.


I feel the need to counter this post with my own forecast..
KCB: PAT sh 8.9 Billion, EPS 3.02, Dividend to be hiked by 20% to Sh 1.5-1.6... will definitely not have a rights issue..
Mark 12:29
Deuteronomy 4:16
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GenghisCapitalLtd
#10 Posted : Thursday, March 01, 2012 10:09:06 AM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
My forecasts are EPS at 3.57 with DPS at 1.65.
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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