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CFC Stanbic Bank posts blistering 1st Qtr 2010 results
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mukiha
#11 Posted : Wednesday, May 12, 2010 11:35:16 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Got my lot at 54 this morning.

zzzzzzzzzzzzzzzzzzz

Some one please wake me up when it touches 82

zzzzzzzzzzzzzzzzzzzz
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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kyt
#12 Posted : Wednesday, May 12, 2010 12:09:33 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
82 that farin the short time may be 66.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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PKoli
#13 Posted : Wednesday, May 12, 2010 12:21:18 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@kyt

The current price for CFC is equivalent to the price it should have been a month post recovery. Remember when most of the financials eg KCB reached 15, the demand immediately rose it to 20s. Same with BBB from 40 to 50, DTB from 50 to 70s. CFC never recovered. It should be trading currently in 70s and with results coming in after the first quarter we should have seen it go to 80s.

So it is still a bargain in 50s. Catch more before it reaches 100
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mukiha
#14 Posted : Thursday, May 13, 2010 6:15:58 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
mukiha wrote:
Got my lot at 54 this morning.

zzzzzzzzzzzzzzzzzzz

Some one please wake me up when it touches 82

zzzzzzzzzzzzzzzzzzzz


Nkt!!

Ati false alarm!! Damn broker did not manage to pick the shares at 54 jana! I should fire them!!!

Ah well; I still have the old holding bought at an average of 67. I'm now only 15% in the red. It should turn green by end of the month.
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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Scubidu
#15 Posted : Thursday, May 13, 2010 7:39:09 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Why buy a bank that has little capital, this can't be ignored. It's potential to grow is hindered, isn't that why I assume pipo are rushing out KCB. How can CFC grow balance sheet with low capital ratios of 8.8%. In what way is CFC better than KCB?

Their PBV is 0.8x, I think, so it appears discounted, but strip out its goodwill and you'll see KCB and DTBK provide better value on tangible PBV. DTBK profits up 28% today.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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VituVingiSana
#16 Posted : Thursday, May 13, 2010 7:51:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@scubidu nailed it... HUGE 'goodwill' number in the P/B...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#17 Posted : Thursday, May 13, 2010 12:21:07 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
l'm getting richer by the minute @ this rate...i'm the next warren buffet...cfcstanbic the ride has been sweet...scan has a huge goodwill number on its P/B...
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mukiha
#18 Posted : Thursday, May 13, 2010 1:11:56 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
ham....ham...ham....ham....

Is it 80 yet?

z z z z z z z z z z z z z z z z z z z
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
#19 Posted : Monday, May 17, 2010 8:37:44 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Opened at 60.50, then eased to 60. Not bad.... z z z z z z z z z z
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
#20 Posted : Monday, May 24, 2010 1:10:51 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
65 looks so good; the only thing holding it back is the 10% rule.... Did some one call it an empty vessel?
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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