ok.
On that note... i'm glad i stayed out. apart from Mukiha's approach..only hopes seem to justify buying..unfortunately that cannot be quantified into real cash.

Those assets can be put to some good use. Thats my reason period. May be the most undervalued of the medium banks based on the net assets. You are free to disagree.

Interestingly resilient at 43

the market must be pegging this years profit recovery against a recovery at the NSE...

another thing we must remember is that many of the costs were once off cost that wont appear on the P&L this year...

those who dont understand just choose not to... CFC might as well be put in the same bracket as investment banks when it comes to turn over and perfomance of the NSE.. almost all investment banks posted losses..

another thing is that they made it very clear that they had many once off costs that arose from expansion and improvement of banking facilities...

all these are not going to appear anywhere in this years results... couple this with improved economy and NSE... the rest will play itself out