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obiero
#1 Posted : Sunday, October 13, 2013 3:18:09 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,274
Location: nairobi
finally, a running commentary by wazua analysts of quarterly results as they come in, to help guests make somewhat informed decisions..
To start us off, projections for Q3 2013:
Equity PBT 17.5B
KCB PBT 17.0B [negative growth]
COOP PBT 9.6B
SCBK PBT 9.5B
BBK PBT 8.9B
DTB PBT 5.6B
I&M PBT 5.5B
CFC PBT 5.2B
NIC PBT 4.1B
NBK PBT 1.3B
HFCK PBT 875M
COOP, IMH, KEGN, KQ, MTNU
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obiero
#2 Posted : Sunday, October 13, 2013 7:27:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,274
Location: nairobi
HY Results Expectations set at AGM. I expect full turnaround with return to profitability at KES 1.05B for H1 2013
[/quote]
COOP, IMH, KEGN, KQ, MTNU
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mlennyma
#3 Posted : Sunday, October 13, 2013 9:13:23 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
How much would hfck pay in dividends if it was making the profits other banks are making??it still beats them in dividend yields despite their huge profits.
"Don't let the fear of losing be greater than the excitement of winning."
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Banker
#4 Posted : Sunday, October 13, 2013 9:59:08 PM
Rank: New-farer

Joined: 4/1/2013
Posts: 20
obiero wrote:
finally, a running commentary by wazua analysts of quarterly results as they come in, to help guests make somewhat informed decisions..
To start us off, projections for Q3 2013:
Equity PBT 17.5B
KCB PBT 17.0B [negative growth]
COOP PBT 9.6B
SCBK PBT 9.5B
BBK PBT 8.9B
DTB PBT 5.6B
I&M PBT 5.5B
CFC PBT 5.2B
NIC PBT 4.1B
NBK PBT 1.3B
HFCK PBT 875M


@obiero, kindly allow me to throw a spanner in the works,

The magic card for KCB has always been its position as the banker for the biggest customer in Kenya i.e GoK. Within the industry, 2013 presented a game-changer through devolution and the funds that go with it. So who is banking for the counties ? Believe it or not, almost all banks were caught napping and it was left to two banks to fight for the spoils. KCB & COOP. KCB got the lion's share while coop got a number of the fattest accounts e.g. Nairobi & Narok.

Equity is joining lately and they have already bagged Embu county through an e-revenue solution.

The impact of these funds will be seen in Q.4.
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Kausha
#5 Posted : Monday, October 14, 2013 5:34:02 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Last time I checked, all countries operate principal accounts with PMG at Central Bank. Most of the money sits at Central Bank and encashed through KCB mostly but as a PMG account. The amounts going to machinani are for petty cash payments and the like. Large payments are paid from the CBK account just like ministries do.Nenda angalia.
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guru267
#6 Posted : Monday, October 14, 2013 5:43:12 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Kausha wrote:
Last time I checked, all countries operate principal accounts with PMG at Central Bank. Most of the money sits at Central Bank and encashed through KCB mostly but as a PMG account. The amounts going to machinani are for petty cash payments and the like. Large payments are paid from the CBK account just like ministries do.Nenda angalia.


@Kausha so does CBK make these payments direct or through a bank??
Mark 12:29
Deuteronomy 4:16
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obiero
#7 Posted : Monday, October 14, 2013 7:50:11 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,274
Location: nairobi
guru267 wrote:
Kausha wrote:
Last time I checked, all countries operate principal accounts with PMG at Central Bank. Most of the money sits at Central Bank and encashed through KCB mostly but as a PMG account. The amounts going to machinani are for petty cash payments and the like. Large payments are paid from the CBK account just like ministries do.Nenda angalia.


@Kausha so does CBK make these payments direct or through a bank??

@guru in my estimation, large payments for capital expenditure do not go through banks
COOP, IMH, KEGN, KQ, MTNU
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obiero
#8 Posted : Monday, October 14, 2013 8:21:06 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,274
Location: nairobi
For KCB to attain KES 17.5B similar to PBT of Q3 2012, then this would imply 42.3% profit gain. I doubt the likelihood of that happening hence prjection reserved 41.1 % which is still high. Expect tumbling of price if books are not cooked extremly well
COOP, IMH, KEGN, KQ, MTNU
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mwekez@ji
#9 Posted : Thursday, October 17, 2013 9:03:33 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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obiero
#10 Posted : Saturday, October 26, 2013 5:34:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,274
Location: nairobi
@mwekez@ji hope u dont get shocked by some of the big boy results.. they must dissapoint
COOP, IMH, KEGN, KQ, MTNU
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