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CFC-Stanbic 2009
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Much Know
#41 Posted : Thursday, April 15, 2010 11:23:11 AM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
CFC is in competition with other banks making money and reporting profit growth, this one is a mess, what have they been doing? i suspect the rise and easy availability of personal loans has affected its "motor vehicle financing" which is what i knew it for. This is a lost bank running amok looking for direction (BTW Finding this banks branches wherever they are is like looking for a needle in a haystack, so they still need to spend more)maybe it will report good earnings five years from now. My valuation of this share is 18/-
Ras Kienyeji Man
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  | | Edit by user: Thursday, April 15, 2010 11:30 AM | Reason: Not specified
guru267
#42 Posted : Thursday, April 15, 2010 11:27:29 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
woe unto all the doubting Thomases for CFC's time is near...
Mark 12:29
Deuteronomy 4:16
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owenkyima
#43 Posted : Thursday, April 15, 2010 2:17:05 PM
Rank: New-farer

Joined: 1/21/2010
Posts: 11
Location: Africa
K Mbathi is heading CFC Stanbic? then all hope is not lost, this guy put Stanbic Uganda on the right path from a parastatal to profit making machine... that said, Uganda's market dynamics are a tit different from Kenya's. FY09 results showed massive profit margins for Ugandan banks compared to Kenyan counterparts.

Stanbic Uganda bought UCB on the cheap so there was no way to go but up. Not so sure about the CFC-Stanbic merger though.
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Gatheuzi
#44 Posted : Thursday, April 15, 2010 3:56:12 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
ProverB wrote:
guru267 wrote:
mukiha wrote:
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...



..may b its just because nobody really undestands whats goin on with cfc thus choosing to wait and see. I'd be apprehensive about assuming price behaviour as stamp of authority on company's overall performance. just me.


Should the restructuring and listing of the bank and insurance separate sail through, we might see another round of "one off" restructing costs.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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ProverB
#45 Posted : Friday, April 16, 2010 8:01:21 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
there is profitabl diversification..and then there's the stuff Peter Lynch christened Deworsification.. cfc stanbic is part of the later.. as per results so far..
the only prudent reason you have in holding it is by what mukiha is going on.
...bank on the spin off. seperate listing of Liberty...benefit that accrue to current share holder of overall CFC Stanbic
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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mukiha
#46 Posted : Monday, April 19, 2010 2:47:59 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
The insurance business is set for listing [by introduction - as happened to Equity Bank] by mid year.

The stock is holding strong - close up 75cts today @44.75. It appears that there are many people following my way of thinking: there was no sudden drop even with a 95% drop in profits
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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haiyaa
#47 Posted : Monday, April 19, 2010 3:02:20 PM
Rank: Member

Joined: 7/23/2008
Posts: 99
Mukiha , it looks like Fundaah's gut feelings that this share is heading upwards ,may be right.
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mukiha
#48 Posted : Tuesday, April 20, 2010 2:34:39 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Up another 25cts today to close at 45, quite some strong demand....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mukiha
#49 Posted : Wednesday, April 21, 2010 2:00:34 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Touched 46 today then eased back to 45. Demand is still healthy. No foreigners playing here
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Fundaah
#50 Posted : Thursday, April 22, 2010 7:46:08 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
47 today wow!!
Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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