CFC STANBIC - Stocks - Wazua

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mwala		#1 Posted : Wednesday, June 02, 2010 7:10:31 AM
Rank: Member Joined: 9/22/2008 Posts: 79		Currently trading at P/E of 13.6,do you guys think it is a good buy!Especially now that they have reduced their lending rates to 14.25%,and that they have a new chairman,Fred Ojiambo.Should i buy or just drift my eyes elsewhere.
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The Merchant		#2 Posted : Wednesday, June 02, 2010 7:17:24 AM
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA		I owuld say buy. The new guys on the board are giving everybody hope that the company will improve and that hope will see the share price go up. Plus the deal with Liberty may streamline the business for the better. I would price CFC at around 110 - 115 so I still think that the price of 68 is a discount although it is the current resistance price. If the stock breaks through the 70 barrier next time you'll catch it at 80. So, BUY or HOLD
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Gatheuzi		#3 Posted : Wednesday, June 02, 2010 12:47:28 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		I am also likely to buy should I conclude some sales I am contemplating. I remember during the good old days, most banks PEs were around 20. Should this situation revert back, we are in for a big harvest. 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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VituVingiSana		#4 Posted : Wednesday, June 02, 2010 3:49:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Isnt the base rate still very, very high? Do they charge extra on top of this? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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qw25041985		#5 Posted : Wednesday, June 02, 2010 4:39:54 PM
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai		I think stanbic is a gud buy now puttin in mind the next round of results is around tha corner. For saftey purposes its good to buy early.u never know some investors may be thinking ahead. I just think at todays price show the bulls and bears really fightin 2 control the price. The same situatiön is being played out at co-op bank. I know the bulls will win. Thats y i got in early. Your future depends on your dreams so go to sleep !
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mukiha		#6 Posted : Thursday, June 03, 2010 5:57:19 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Whereas reducing the base rate reduces the interest charged, the base rate alone cannot tell you which bank is cheaper! What you need to compare is the effective rate. These published in the "Money" magazine in the Daily Nation every Thursday. Today; the lowest on personal loans is 18% [KCB, EQT, ECO, NBK, BOA]; the highest is 23.25% [CFC!!!] 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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makmende		#7 Posted : Thursday, June 03, 2010 12:53:36 PM
Rank: New-farer Joined: 5/14/2010 Posts: 26 Location: kenya		mukiha. DN never updates that list of effective bank rates.am still so much in on this bus and am even contemplating adding more though kplc also looks like a good counter. whats your take on fhe 2 Roho Juu
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VituVingiSana		#8 Posted : Thursday, June 03, 2010 4:21:03 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		makmende wrote: mukiha. DN never updates that list of effective bank rates.am still so much in on this bus and am even contemplating adding more though kplc also looks like a good counter. whats your take on fhe 2 I think most banks dont release/provide the TRUE cost of borrowing... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#9 Posted : Friday, June 18, 2010 3:16:33 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		I have offloaded all my CFC shares on Thursday...i will take a cool 60% profit...@Mukiha father chrismas does not come twice...KQ has taught me a lesoon...LOL...
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qw25041985		#10 Posted : Friday, June 18, 2010 5:40:37 PM
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai		@vvs its investors like that never want to FULLY maximise ur investments. U cld hav offloaded when they start speculatin on the banks results. Does anybody know when CO-OP BANK will release their results. Your future depends on your dreams so go to sleep !
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