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KCB buy buy buy
Ebenyo
#961 Posted : Thursday, March 08, 2018 9:00:12 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,220
Location: Kitale
Horton wrote:
2/- dividend that’s disappointing


IFRS9 is to blame for this.I wish they could have factored it earlier like Equity did.
Dont work for money.Let your money work for you.
aemathenge
#962 Posted : Thursday, March 08, 2018 12:18:06 PM
Rank: Elder


Joined: 10/18/2008
Posts: 2,883
Location: Kerugoya
.... anything about being hacked, clients loosing their money and unauthorized account detail changes.....?

oops. Sorry. My bad.

..... anything about technological challenges?
holycow
#963 Posted : Thursday, March 08, 2018 1:03:59 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 957
Location: Home
Horton wrote:
2/- dividend that’s disappointing


They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year.
Ebenyo
#964 Posted : Thursday, March 08, 2018 2:41:44 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,220
Location: Kitale
holycow wrote:
Horton wrote:
2/- dividend that’s disappointing


They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year.



That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017.
In my records,thats how i viewed it.My dividend yield after deductions was 9%.
But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield.
The net amount i will get also will be 12% lower than last year.
I hope they wont change fast again.
I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year.

Dont work for money.Let your money work for you.
Ericsson
#965 Posted : Thursday, March 08, 2018 3:21:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
Ebenyo wrote:
holycow wrote:
Horton wrote:
2/- dividend that’s disappointing


They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year.



That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017.
In my records,thats how i viewed it.My dividend yield after deductions was 9%.
But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield.
The net amount i will get also will be 12% lower than last year.
I hope they wont change fast again.
I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year.



Many shareholders ni wewe,the ones who have been in the game for a while and hold multiple counters in the NSE know.
Ebenyo
#966 Posted : Thursday, March 08, 2018 3:55:29 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,220
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
holycow wrote:
Horton wrote:
2/- dividend that’s disappointing


They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year.



That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017.
In my records,thats how i viewed it.My dividend yield after deductions was 9%.
But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield.
The net amount i will get also will be 12% lower than last year.
I hope they wont change fast again.
I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year.



Many shareholders ni wewe,the ones who have been in the game for a while and hold multiple counters in the NSE know.



Thats true.I get your perception.
But Look at how the share price behaved today! it dropped.
The market is also viewing the resuts negatively.
Dont work for money.Let your money work for you.
obiero
#967 Posted : Thursday, March 08, 2018 5:52:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
holycow wrote:
Horton wrote:
2/- dividend that’s disappointing


They had an interim dividend of 1/= after HY results. So it's 3/= for the whole financial year.



That interim was confusing.It came after we had got ksh 3.So it created an impression of Kshs 4 for the year 2017.
In my records,thats how i viewed it.My dividend yield after deductions was 9%.
But this year will be low.Assuming the hy interim will be ksh 1,it will make 2018 total of kshs 3 which will give me 7% yield.
The net amount i will get also will be 12% lower than last year.
I hope they wont change fast again.
I believe many shareholders will feel the kshs 2 dividend is low based on the abrupt introduction of HY interim last year.



Many shareholders ni wewe,the ones who have been in the game for a while and hold multiple counters in the NSE know.



Thats true.I get your perception.
But Look at how the share price behaved today! it dropped.
The market is also viewing the resuts negatively.

Those were very good results against the circumstances
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#968 Posted : Thursday, March 08, 2018 6:07:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
obiero wrote:
Horton wrote:
They are At the radisson blu. Announcing results today. According to twirra

Announcement has already happened my brother

KES 30.5B PBLOMP sasa ndio IFRS ipi
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#969 Posted : Thursday, April 05, 2018 10:23:30 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Let me leave this here https://www.businessdail...374148-hpmlu3/index.html
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#970 Posted : Wednesday, May 16, 2018 4:31:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Total Assets: Up 7%
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#971 Posted : Wednesday, May 16, 2018 4:36:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Net Loans and Advances: Up 6%
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
murchr
#972 Posted : Wednesday, May 16, 2018 4:37:39 PM
Rank: Elder


Joined: 2/26/2012
Posts: 12,764
obiero wrote:
Total Assets: Up 7%


I trust you on this one, should I buy? Too exposed in the financial sector tho - DTK, NIC, Coop and the trash that is HFCK
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#973 Posted : Wednesday, May 16, 2018 4:44:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
KCB Group Plc net profit up by 14% to Sh5.18 Billion for the 3-month period ending March 2018

The Total Assets were up 7% from Sh605.7B to Sh647.4B with Net Loans and Advances increasing by 6% from Sh395.4B to Sh418.6B

The customer deposits were up 9% from Sh457B to Sh496B with the Long term debt funding down 5% from Sh23.5B to Sh22.5B

The Net Interest Income was up 10% from Sh10.3B to Sh11.4B with the Provisions for bad debts down 37% from Sh958M to Sh600M
mlennyma
#974 Posted : Wednesday, May 16, 2018 4:50:45 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,719
Location: nairobi
Ericsson wrote:
KCB Group Plc net profit up by 14% to Sh5.18 Billion for the 3-month period ending March 2018

The Total Assets were up 7% from Sh605.7B to Sh647.4B with Net Loans and Advances increasing by 6% from Sh395.4B to Sh418.6B

The customer deposits were up 9% from Sh457B to Sh496B with the Long term debt funding down 5% from Sh23.5B to Sh22.5B

The Net Interest Income was up 10% from Sh10.3B to Sh11.4B with the Provisions for bad debts down 37% from Sh958M to Sh600M

the few remaining stocks you can put some money ,interim dividend might come at half year
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#975 Posted : Wednesday, May 16, 2018 5:25:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#976 Posted : Wednesday, May 16, 2018 8:20:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#977 Posted : Wednesday, May 16, 2018 9:16:43 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.

Whatever makes you sleep mzee
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Angelica _ann
#978 Posted : Wednesday, May 16, 2018 9:28:45 PM
Rank: Elder


Joined: 12/7/2012
Posts: 8,635
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#979 Posted : Wednesday, May 16, 2018 9:37:09 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#980 Posted : Wednesday, May 16, 2018 10:26:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
Substance over Form. Yes, it probably reduced the provisions but not because there were recoveries or regularization of the loans. The Capital Ratios took a hit. "Equity" investments in entities like KQLC are not included in critical Capital Ratios calculations.

If all the NPLs for any bank were converted to shares in (bankrupt) firms, would the bank become healthier?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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