Why bk?

What's so special about a Rwandan bank with a 4.5% dividend yield and a P/E of 12??

If it Were in Kenya it would be one of the most expensive banks and yet it has nothing close to the same growth potential that some Kenyan banks have for the next five years (eg kcb, EB, HFCK & Co op)

These Kenyan banks have their subsidiaries growing at 100-150% while Bk is only growing at a meagre 35%!

Come 2014-15 you will probably realize selling HFCK was a big blunder

na hii 150% umetoa wapi madam. labda ni sudan pekee yake. look at this www.businessdailyafrica....36/-/1kcvnv/-/index.html

Britank's recovery is similar to that of Coop bank post listing hard selloff & rally. The listing price (9) is still a barrier until 9.50 is broken with volume spike. That 2nd upleg will be furious. For now insurance counters will consolidate till H1 results are availed. That upleg will sustain till year end. This is still the insurance counters year. Banks had their's last year.

Now I wait for mpesa bank results. Let's see if the good news will sustain the buy pressure since Nov 2012. I never expected this elephant to clock above 5.80 in 2013 and I can only watch mr market crazy move. Now that NSE20 is in a reversal mood that is expected to spread into May, any heavy selling (10 - 15%) on mpesa bank post results (if EPS < 0.40) will make the index to sag more.

For those still expecting 5400 to print this year, mpesa bank, eabl, member, bbk, coop, scbk, arm & bamburi need to rally at least 20% and sustain those levels. A big boost could also come from kk's recovery above 13. All these will need volume to spike on the bid side.

guru, I said as much in this post 4 weeks ago: