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KCB HY 2016 results
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researchfirst
#1 Posted : Thursday, August 04, 2016 8:48:55 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."
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hisah
#2 Posted : Thursday, August 04, 2016 9:14:11 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Interesting.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#3 Posted : Thursday, August 04, 2016 9:21:02 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Rights issue rescheduling - playing a wait and see game on the interest regulation act.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#4 Posted : Thursday, August 04, 2016 9:26:02 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,223
Location: nairobi
Angelica _ann wrote:
Rights issue rescheduling - playing a wait and see game on the interest regulation act.

What is certain sweetie is that full year will be impacted whether HE Uhuru accents or not
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sparkly
#5 Posted : Thursday, August 04, 2016 9:37:45 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
researchfirst wrote:
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."


Stock is grossly undervalued.
Life is short. Live passionately.
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obiero
#6 Posted : Thursday, August 04, 2016 9:43:35 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,223
Location: nairobi
sparkly wrote:
researchfirst wrote:
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."


Stock is grossly undervalued.

Under or over?
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mlennyma
#7 Posted : Thursday, August 04, 2016 10:01:40 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Upward move to factor the postponed rights expected
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#8 Posted : Thursday, August 04, 2016 10:11:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
NPLs up. And these are unaudited so who knows what hasn't been included.
Net NPL Exposure is also up QoQ +350mn
Didn't Oigara say payments were to be made to reduce the NPLs?

I am staying away from KCB until the NPLs are brought back into line. Now we wait for Equity.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#9 Posted : Thursday, August 04, 2016 10:13:02 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
researchfirst wrote:
Profit before tax up 14% from KShs 13.2 B to 15.1 B. Net loans and advances up 8% from Shs 321 B to 347 B. NPL's stood at 8.9%. "Strong cash flow expected for the FY 2016 leading to the rescheduling of the Rights Issue."




NPLs stood at 8.9%????? Which means they have plateau-ed!!! This item NPLs to me sounds doctored ie under reported .
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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researchfirst
#10 Posted : Thursday, August 04, 2016 10:17:19 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
mlennyma wrote:
Upward move to factor the postponed rights expected


You would think so, but the bloody thing keeps falling.
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