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Exchange Bar: Results forecast
Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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Here are the full year 2013 PBT figures: Roar 18.9B 20.1B actual Equity 18.6B 19.1B actual SCBK 13.2 COOP 12.6B BBK 12.45B 11.3B actual
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,077 Location: Nairobi
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obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B 20.1B actual
Equity 18.6B
19.1B
actual
SCBK 13.2
COOP 12.6B
BBK 12.45B 11.3B actual
Some analysts think KCB goosed up the PBT/PAT with some off business with IFRS vs CBK prudential guidelines for NPLs. If you substract the 1bn 'overstatement' then your original estimate is close. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B 20.1B actual
Equity 18.6B
19.1B
actual
SCBK 13.2
COOP 12.6B
BBK 12.45B 11.3B actual
Some analysts think KCB goosed up the PBT/PAT with some off business with IFRS vs CBK prudential guidelines for NPLs. If you substract the 1bn 'overstatement' then your original estimate is close. Lets be real folks...this is not insider information but just some guesswork!
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Rank: Member Joined: 2/18/2011 Posts: 448
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the deal wrote:VituVingiSana wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B 20.1B actual
Equity 18.6B
19.1B
actual
SCBK 13.2
COOP 12.6B
BBK 12.45B 11.3B actual
Some analysts think KCB goosed up the PBT/PAT with some off business with IFRS vs CBK prudential guidelines for NPLs. If you substract the 1bn 'overstatement' then your original estimate is close. Lets be real folks...this is not insider information but just some guesswork! But KCB did grease its Profits;i wonder if Equity did the same.We should have some sort of financial lobby group that scrutinize these books and give a report
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Rank: Chief Joined: 1/3/2007 Posts: 18,077 Location: Nairobi
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mibbz wrote:the deal wrote:VituVingiSana wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B 20.1B actual
Equity 18.6B
19.1B
actual
SCBK 13.2
COOP 12.6B
BBK 12.45B 11.3B actual
Some analysts think KCB goosed up the PBT/PAT with some off business with IFRS vs CBK prudential guidelines for NPLs. If you substract the 1bn 'overstatement' then your original estimate is close. Lets be real folks...this is not insider information but just some guesswork! But KCB did grease its Profits;i wonder if Equity did the same.We should have some sort of financial lobby group that scrutinize these books and give a report CMA doesn't care. As for CBK, they are more concerned about Capital Adequacy and Provisions which KCB has met. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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VituVingiSana wrote:mibbz wrote:the deal wrote:VituVingiSana wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B 20.1B actual
Eqty 18.6B 19.1B actual
SCBK 13.2
COOP 12.6B
BBK 12.45B 11.3B actual
Some analysts think KCB goosed up the PBT/PAT with some off business with IFRS vs CBK prudential guidelines for NPLs. If you substract the 1bn 'overstatement' then your original estimate is close. Lets be real folks...this is not insider information but just some guesswork! But KCB did grease its Profits;i wonder if Equity did the same.We should have some sort of financial lobby group that scrutinize these books and give a report CMA doesn't care. As for CBK, they are more concerned about Capital Adequacy and Provisions which KCB has met. forecast can be termed as guesswork. but eight years running at NSE and I am still at the very top of the insiders. as for roar having an NPL less than 1B sijui hata kama hii no greasing, maybe impunity. q1 will bring out 'nigeria' like situation. in short, im selling financials
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Been following this KCB 'witch hunt' and my take is this. All the sectors numbers pass through the CBK. Even appointing a senior executive has to be approved by CBK. So what is all the hullabaloo?
Moreover, if we can remember Kengen's position about booking un-realized FX losses to the B/S, then we'd be OK. #IFRS
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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Cde Monomotapa wrote:Been following this KCB 'witch hunt' and my take is this. All the sectors numbers pass through the CBK. Even appointing a senior executive has to be approved by CBK. So what is all the hullabaloo?
Moreover, if we can remember Kengen's position about booking un-realized FX losses to the B/S, then we'd be OK. #IFRS brother comrade. wewe unadhania governor wa cbk ni pope? mkono yake ni chafu
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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obiero wrote:Cde Monomotapa wrote:Been following this KCB 'witch hunt' and my take is this. All the sectors numbers pass through the CBK. Even appointing a senior executive has to be approved by CBK. So what is all the hullabaloo?
Moreover, if we can remember Kengen's position about booking un-realized FX losses to the B/S, then we'd be OK. #IFRS brother comrade. wewe unadhania governor wa cbk ni pope? mkono yake ni chafu Accept & move on, like the many who buy stocks for fast money but end up being 'longterm investors'. Same rationale.
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Rank: Chief Joined: 1/3/2007 Posts: 18,077 Location: Nairobi
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Equity has 3/4 the Loans that KCB has. The net NPL exposure for Equity is less than 500mn. The same number for KCB is 4bn. Anyone want to interpret this for me? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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@vvs the green one lends a portion of about 40% to corporate implying high npl incase of default by one client, like Triton.
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@VVS, KCB is doing very badly in Non Performing Loans Management. The Net NPLs exposure should be zero. Check a couple of other banks. (N.B. Net NPLs exposure = Gross NPLs - Accrued interest on the NPLs - Provision on the NPLs - Value of Security held on the NPLs)(KCB needs to up its Provisions or be obtaining adequate security on the its loan from the onset)
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Rank: Chief Joined: 1/3/2007 Posts: 18,077 Location: Nairobi
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@Obiero @mwekezaji LMAO... It was a rhetorical question. I have been following @Sang252 on this. The Net NPL exposure should be ZERO unless a recovery has been made in the days following the reporting period e.g. A payment has been made by 30 Jan [when the audit for the year ending 31 Dec is completed] therefore there is no provision required or Net NPL exposure on 30 Jan but was there on 31 Dec. I am sure Equity can absorb a 500mn [the Net NPL exposure] write-off without much ado. As for KCB having to write-off 4bn will hurt the EPS substantially. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Britam FY13 results coming up on Friday, 7th March 2014 >>> Investor Calendar >>> http://www.britam.co.ke/site/index.php/investor-relations
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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.................. at 7.00am ..................
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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NMG FY13 results coming up on Thus, 20th March 2014
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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coop bank CEO seen burnin the midnight oil wit CFO.. books have refused to balance?!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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obiero wrote:coop bank CEO seen burnin the midnight oil wit CFO.. books have refused to balance?! Porojo nazo! So, the books are cooked after auditing? Or is it that the auditors just rubber stamp whatever has been presented? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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dunkang wrote:obiero wrote:coop bank CEO seen burnin the midnight oil wit CFO.. books have refused to balance?! Porojo nazo! So, the books are cooked after auditing? Or is it that the auditors just rubber stamp whatever has been presented? apparently the auditors saw things in the books that shocked everyone.. the CEO was at CBK yesterday to clear it out. anyways, good thing is that we should now have the results
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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mwekez@ji wrote:.................. at 7.00am .................. Good news there from Wairegi & Co...... and Dawood
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