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How to tell NSE has bottomed out
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the deal
#3761 Posted : Wednesday, July 03, 2013 10:20:06 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
In addition, MIGA is providing USD 11.1m in coverage to CfC Stanbic Bank Limited covering its swap arrangement with Triumph to hedge against long-term interest rate risk via SIB Morning Brief.
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mwekez@ji
#3762 Posted : Wednesday, July 03, 2013 10:24:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
mwekez@ji wrote:
the deal wrote:
mwekez@ji wrote:
the deal wrote:
The cost of funds for CFC in Q1 2013 was 0.66%...Annualised Cost of funds 2.64% Lending rate 13.5% Net Interest Margin a whopping 10.86%!!! Add on top fees earned on new loans then H2 2013 and 2014 is looking good...everybody say Full Service Bank!!!!smile


Net Interest Margin = Yield on interest earning assets (%) - Cost of interest bearing liabilities (%)

At Q1 2013,

Yield on interest earning assets = 10.9%
Cost of interest bearing liabilities = 2.8%
Net Interest Margin = 10.9% - 2.8% = 8.1%

Notice that "Lending Rate" is not the same as "Yield on interest earning assets" because we have bills and bonds in the class of interest earning assets

Net Interest margin on new loans issued at 13.5% thats what I was calculating...Cost of funds (expenses on customer deposits/customer deposits X 100)....I didnt include things like yield on bonds....and other interest expenses in my calculation of cost of funds....


Cheers ... CFC is making good money smile

Note that there was a sharp drop in customer deposit expenses in Q1 2013 this must be due to the strong adoption of the banks new current and saving accounts by new and existing clients...seen those billboards? In that case we can say the bank gained a competitive advantage over other banks...so others must watch out...CFC means business....at 13.5% very few folks will also default...so the bank gets to grow its loan book at double digits without compressing its margins...I think its fundamental...


We concur mate. With this interest rate, the bank will attract volumes of business enabling to continue generating super profits. …. and the likes of @dunkang are still wondering where the money is coming from. chap needs money goggles
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mwekez@ji
#3763 Posted : Wednesday, July 03, 2013 10:44:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
In addition, MIGA is providing USD 11.1m in coverage to CfC Stanbic Bank Limited covering its swap arrangement with Triumph to hedge against long-term interest rate risk via SIB Morning Brief.

#Full Service Bank!!!! smile
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mwekez@ji
#3764 Posted : Wednesday, July 03, 2013 4:17:20 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Johannesburg - Old Mutual, the UK’s third- largest insurer, said it plans to buy a controlling stake in Kenyan lender Faulu Kenya DTM to tap growth in Africa.

The acquisition of the first deposit-taking microfinance company to be licensed by the Central Bank of Kenya is expected to be completed this year, London-based Old Mutual said in a statement today.

http://www.iol.co.za/business/c...inance-company-1.1541424
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the deal
#3765 Posted : Thursday, July 04, 2013 11:40:33 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@hisah Liberty now at Sh12. Bulls make money...Bears make money. Thanks to someone who sold me at Sh9.20.
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mwekez@ji
#3766 Posted : Thursday, July 04, 2013 11:52:21 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Liberty Kenya; Counter can easily shoot or plunge coz of liquidity constraints. I looked at it the day after the 9.20 and it dint have supply. Its now @12 that supply is ticking in

... @the deal, what your valuation of this counter and britam?
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hisah
#3767 Posted : Thursday, July 04, 2013 2:39:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
After 7 weeks of selling to oversold RSI levels the market looks poised to bounce some. NSE20 has tested 4580 objective. 4800 -4900 range will cap the bounce unless big volume kicks in.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#3768 Posted : Friday, July 05, 2013 10:37:14 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Stock investors dump company data for social media sources
http://www.businessdailyafrica....4/-/4ekd1dz/-/index.html ,,, w-a-z-u-a
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Sufficiently Philanga....thropic
#3769 Posted : Friday, July 05, 2013 11:13:46 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Harvesting season begins in earnest ahead of the CBK MPC meeting on Tuesday!

#StayingWithMoney
@SufficientlyP
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Sufficiently Philanga....thropic
#3770 Posted : Friday, July 05, 2013 11:17:26 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
mwekez@ji wrote:
Stock investors dump company data for social media sources
http://www.businessdailyafrica....4/-/4ekd1dz/-/index.html ,,, w-a-z-u-a

cc Mw€k€za¿¡
@SufficientlyP
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