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KCB Q1 2017
Horton
#11 Posted : Friday, May 12, 2017 1:16:24 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Spikes wrote:
ARAP CHARLES wrote:
mlennyma wrote:
obiero wrote:
mlennyma wrote:
Sufficiently Philanga....thropic wrote:
Very minimal bruises here,Q12017 vs Q12016 down only 3%.
As can be seen at the NSE, investors are happy and have looked beyond this as they expected worse results.

the next bull will be triggered by banks

The rally began 3 weeks ago. Plus none of the top five tier 1 lenders were expected to take any kind of massive hit. It's the tier 3 that are closing shop

and many may have missed the banks bottoming unless we misbehave in August


I like this Mlennyma.. only if we misbehave we will never see any 20s for this banks...


Banks are still a buy at current prices.. ......There will come a time in a few months where foreigner buyers will jump in with bullish force.......Even at current prices banks have a potential of rallying like 70% up......Assuming rate cap reality has been somewhat subdued.


Agreed. Im gonna add to my stake. Seems like upto the 40/- mark there is significant amount of cash still to be made as long as we behave ourselves in August as someone already mentioned
Ericsson
#12 Posted : Friday, May 12, 2017 2:08:57 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@Horton
It should rise to 55
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#13 Posted : Friday, May 12, 2017 4:08:57 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
πŸ‘πŸΌπŸ‘πŸΌπŸ‘πŸΌ
VituVingiSana
#14 Posted : Friday, May 12, 2017 10:05:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Horton wrote:
πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½

Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago.

Before you dismiss what Kestrel has written... pls try to answer these questions.
1) What are Statutory Loan Reserves?
2) Compare SLRs for KCB vs Equity vs BBK vs StanChart
3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017
4) What's Net NPL exposure? Compare KCB vs peers
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Metasploit
#15 Posted : Friday, May 12, 2017 11:17:00 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Testing the post rate cap high (35.25) to aim at next target 37

β€œThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
nzalela
#16 Posted : Friday, May 12, 2017 12:28:47 PM
Rank: New-farer

Joined: 4/11/2016
Posts: 30
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½

Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago.

Before you dismiss what Kestrel has written... pls try to answer these questions.
1) What are Statutory Loan Reserves?
2) Compare SLRs for KCB vs Equity vs BBK vs StanChart
3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017
4) What's Net NPL exposure? Compare KCB vs peers



Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there.
Horton
#17 Posted : Friday, May 12, 2017 12:57:11 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
nzalela wrote:
VituVingiSana wrote:
Horton wrote:
πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½

Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago.

Before you dismiss what Kestrel has written... pls try to answer these questions.
1) What are Statutory Loan Reserves?
2) Compare SLRs for KCB vs Equity vs BBK vs StanChart
3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017
4) What's Net NPL exposure? Compare KCB vs peers



Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there.


Dear VVS. Most of us spend days, weeks and even months doing our research. We do this homework for ourselves, so Im not going to post the details u require which can be found through a brief search.

Also understand that KCB had lots of corporate accounts which earn the highest interest and also used to pay the lowest interest for loans....pre rate cap. As u can see interest expense has fallen comensurate to that. LLP would naturally fall in the post cap as the quality is improving. I suggest you go and check out NIC and CFCs results too
Ericsson
#18 Posted : Friday, May 12, 2017 1:24:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Horton wrote:
nzalela wrote:
VituVingiSana wrote:
Horton wrote:
πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½

Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago.

Before you dismiss what Kestrel has written... pls try to answer these questions.
1) What are Statutory Loan Reserves?
2) Compare SLRs for KCB vs Equity vs BBK vs StanChart
3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017
4) What's Net NPL exposure? Compare KCB vs peers



Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there.


Dear VVS. Most of us spend days, weeks and even months doing our research. We do this homework for ourselves, so Im not going to post the details u require which can be found through a brief search.

Also understand that KCB had lots of corporate accounts which earn the highest interest and also used to pay the lowest interest for loans....pre rate cap. As u can see interest expense has fallen comensurate to that. LLP would naturally fall in the post cap as the quality is improving. I suggest you go and check out NIC and CFCs results too


@Horton
VVS hates KCB and will look for something negative about it whether it's there or not.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
guru267
#19 Posted : Friday, May 12, 2017 2:44:55 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Looks like 40bob is around the corner. Applause Applause
Mark 12:29
Deuteronomy 4:16
Ericsson
#20 Posted : Friday, May 12, 2017 3:20:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
JUBA May 12 (Reuters) - South Sudan's largest bank is shutting more branches as hyperinflation and a shortage of dollars eat into the group's profits, the managing director said, underscoring country's worsening financial woes amid a civil war.

Harun Kibogong told Reuters that Kenya-based KCB Group Plc , East Africa's biggest bank by assets, will temporarily close five branches, leaving ten operational.

http://af.reuters.com/ar...mp;virtualBrandChannel=0
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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