Wazua
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Exchange Bar: Results forecast
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:Q3 PBT in KES 'B KCB 19.8 Actual 19.4 EQTY 18.4 Actual 18.1 COOP 13.5 Actual 12.2 BBK 9.8 Actual 9.1 SCBK 8.2 DTB 7.2 Actual 6.9 NIC 4.5 ACTUAL 5.031 Bn  CFC 4.4 NBK 3.2 HFCK 1.1 Actual 1.1 NIC BankPBT - Ksh. 5,031 Mn PAT - Ksh. 3,522 Mn EPS - Ksh. 5.50 Comprehensive IncomeFinancial PositionDisclosuresPesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2
HFCK 1.1 Actual 1.1
Stanchart PAT drops to 6.2B http://www.businessdaily...56/-/3httbb/-/index.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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Q3 PBT in KES 'B KCB 19.8 Actual 19.4 EQTY 18.4 Actual 18.1 COOP 13.5 Actual 12.2 BBK 9.8 Actual 9.1 SCBK 8.2 Actual 8.9 DTB 7.2 Actual 6.9 NIC 4.5 Actual 5.0 CFC 4.4 NBK 3.2 HFCK 1.1 Actual 1.1
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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sparkly wrote:obiero wrote:whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly expound @Sparkly has been doubting all a long! 20% drop owing to NPL increased. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 6/15/2013 Posts: 301
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Boris Boyka wrote:sparkly wrote:obiero wrote:whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly expound @Sparkly has been doubting all a long! 20% drop owing to NPL increased. Seems the aggressive lending has come back to bite them. At one point last year you couldn't enter a Stanchart branch and not get sold a loan. I entered Koinange st branch at this time last year, despite me never having an account at Stanchart and insisting I don't need a loan, the young lady gave me ideas of what I can do with the money like I can buy a plot or start a business!!! They broke the cardinal rule of the client is supposed to seek the loan, not the loan seeking you.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Boris Boyka wrote:sparkly wrote:obiero wrote:whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly expound @Sparkly has been doubting all a long! 20% drop owing to NPL increased. EX·POUND /ikˈspound/ verb present and explain (a theory or idea) systematically and in detail. Life is short. Live passionately.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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sparkly wrote:Boris Boyka wrote:sparkly wrote:obiero wrote:whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly expound @Sparkly has been doubting all a long! 20% drop owing to NPL increased. EX·POUND /ikˈspound/ verb present and explain (a theory or idea) systematically and in detail. Okay...I had formed mind from here http://www.wazua.co.ke/f...aspx?g=posts&t=32751Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Boris Boyka wrote:sparkly wrote:Boris Boyka wrote:sparkly wrote:[quote=obiero]whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly expound @Sparkly has been doubting all a long! 20% drop owing to NPL increased. EX·POUND /ikˈspound/ verb present and explain (a theory or idea) systematically and in detail. Okay...I had formed mind from here http://www.wazua.co.ke/f...spx?g=posts&t=32751[/quote] @Boris in that thread, I just said that your friend is not bound to take your advise, however sound it is. I did not disagree with your advise to your friend. Life is short. Live passionately.
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Rank: New-farer Joined: 10/19/2015 Posts: 21 Location: Everywhere
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I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong.
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. U are partially right, but the problem here is more in loss of deposits in this tight liquidity race
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. U are partially right, but the problem here is more in loss of deposits in this tight liquidity race Don't see the big deal also. Hit is on the loan loss provision and an exceptional item (property sale) last year. still likely to hit EPS of 25 and retain DPS 21.50. Cheap below 250. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,077 Location: Nairobi
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grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. Correct. StanChart takes provisions as needed. Some say it takes more than it should in the name of prudence. Some banks will have to take (increase) huge provisions for NPLs in 4Q whereas StanChart is already taking provisions throughout the year. They also tend to run their losses on Bonds through the P&L and with higher Bond yields come greater losses in the value of the portfolio. I would not mind buying StanChart at 150 with an eye on the future. 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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sparkly wrote:obiero wrote:grahamsdisciple wrote:I'm surprised that guys are reacting like this to Stanchart. Can someone correct me if I'm wrong, but these guys are actually reporting their provisions. Mind you if you look at their provisions this year, they are actually provisioning accounts on watchlist from last year financials, this year they aren't giving any loans. They are taking the pain this year for growth next year and beyond, like pruning leaves. In my view this is the time to buy.
Also with their long record of consistency and discipline, I'm more confident about what is in their books than say Equity, KCB, NBK or even Coop.
Again, can someone please correct me if they think my reasoning/logic is wrong. U are partially right, but the problem here is more in loss of deposits in this tight liquidity race Don't see the big deal also. Hit is on the loan loss provision and an exceptional item (property sale) last year. still likely to hit EPS of 25 and retain DPS 21.50. Cheap below 250. Its unlikely to retain the dividend payout considering the once off sale of property last year. Tomorrow we may see a low of 218.. A definite buy sub 200
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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obiero wrote:whoever is still invested in stanchart and cfc stanbic. take time and reflect, quickly I hope they heeded your warning
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Rank: Elder Joined: 12/4/2009 Posts: 10,654 Location: NAIROBI
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http://www.businessdaily...52/-/6s7sa3/-/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Ericsson wrote:http://www.businessdailyafrica.com/CFC-Stanbic-Q3-earnings-down-34pc/-/539552/2974452/-/6s7sa3/-/index.html Damn! Am F'd! What happened to banks super profits? 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:Ericsson wrote:http://www.businessdailyafrica.com/CFC-Stanbic-Q3-earnings-down-34pc/-/539552/2974452/-/6s7sa3/-/index.html Damn! Am F'd! What happened to banks super profits? Pole sana. Profits for banks will continue, what is happening now is called consolidation where only the large banks will henceforth make real money. Smaller banks will struggle in the next few years since Kenyans have changed tact. Tier II and lower are doomed, since they cant attract account numbers, which implies reduction in every income stream i.e commission, interest income.. Expect layoffs too, to compesate CIR 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: 6/23/2009 Posts: 13,484 Location: nairobi
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obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2 Actual 8.9
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2 Actual 3.2
HFCK 1.1 Actual 1.1
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2 Actual 8.9
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2 Actual 3.2
HFCK 1.1 Actual 1.1 Weka CFC pia....its out. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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Boris Boyka wrote:obiero wrote:obiero wrote:Q3 PBT in KES 'B
KCB 19.8 Actual 19.4
EQTY 18.4 Actual 18.1
COOP 13.5 Actual 12.2
BBK 9.8 Actual 9.1
SCBK 8.2 Actual 8.9
DTB 7.2 Actual 6.9
NIC 4.5 Actual 5.0
CFC 4.4
NBK 3.2 Actual 3.2
HFCK 1.1 Actual 1.1 Weka CFC pia....its out. Iv only seen their net profit. Help me get the PBT and put it up
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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