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Barclays result FY 2017
uchumi
#1 Posted : Wednesday, February 28, 2018 8:36:30 PM
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Joined: 9/16/2006
Posts: 223
barclays result 2017

Barclays Bank of Kenya (BBK) has recorded a 6.3 percent decline in net profit to Sh6.9 billion for the full year 2017 compared to the previous year where it posted Sh7.3 billion.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Pesa Nane
#2 Posted : Wednesday, February 28, 2018 11:12:06 PM
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Joined: 5/25/2012
Posts: 3,938
Location: 08c

Pesa Nane plans to be shilingi when he grows up.
Ericsson
#3 Posted : Thursday, March 01, 2018 12:05:55 PM
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Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
Barclays Africa to to change its name to ABSA across the continent. Operations in Kenya, Uganda, Ghana & others will have to change to a new identity, now ABSA
Ericsson
#4 Posted : Thursday, March 01, 2018 5:52:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results
winmak
#5 Posted : Thursday, March 01, 2018 6:14:51 PM
Rank: Member


Joined: 12/1/2007
Posts: 390
Location: Nakuru
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results


The DVD eases the pain of those of us in a loooong bear trap
For investors as a whole, returns decrease as motion increases ~ WB
Pesa Nane
#6 Posted : Thursday, March 01, 2018 8:10:36 PM
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Joined: 5/25/2012
Posts: 3,938
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Quote:
..the Directors have resolved to recommend to
members at the forthcoming Annual General Meeting a final dividend for the year of Shs 0.80 per ordinary share of the Company to be paid on or about May 25 2018 to shareholders registered at the close of business on April 30 2018.
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#7 Posted : Thursday, March 01, 2018 8:56:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,061
Location: Nairobi
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#8 Posted : Friday, March 02, 2018 12:11:34 PM
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Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
Up to 323 staff of Barclays Bank Kenya left employment last year, the lender has revealed, as it announced a 6.4 per cent drop in full-year net profit to Sh6.9 billion.

Barclays closed last year with 2,268 employees on its payroll, down from 2,591 in 2016.

The bank says most of the staff exited as part of a Sh500 million restructuring that saw the business shut down 12 branches to close the year at 89 outlets, most of them in Nairobi.
Ericsson
#9 Posted : Saturday, March 03, 2018 12:42:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.


They also aim to double PBT in 4 years
obiero
#10 Posted : Saturday, March 03, 2018 7:20:42 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.


They also aim to double PBT in 4 years

Too much ambition can kill
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
Ericsson
#11 Posted : Monday, March 05, 2018 2:57:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
VituVingiSana
#12 Posted : Tuesday, March 06, 2018 7:41:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,061
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.


They also aim to double PBT in 4 years

That is possible starting off from a low base. If they can grow PBT at 20% (compounded) for 4 years.
There will be challenges but...
Tech helps reduces costs.
Fewer (non-performing) staff = lower Opex.
Inflation = increases reported profits.
Clean books (FY 2017) = fewer provisions in 2018-2021
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#13 Posted : Tuesday, March 13, 2018 11:40:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
Share price heading towards 12
Ericsson
#14 Posted : Wednesday, March 14, 2018 8:35:33 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.

"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."

A snapshot from the CEO during the press release of full year results

No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either.

The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK.


They also aim to double PBT in 4 years

That is possible starting off from a low base. If they can grow PBT at 20% (compounded) for 4 years.
There will be challenges but...
Tech helps reduces costs.
Fewer (non-performing) staff = lower Opex.
Inflation = increases reported profits.
Clean books (FY 2017) = fewer provisions in 2018-2021


You forgot one key thing.
Growth in the loan book.
winmak
#15 Posted : Wednesday, March 14, 2018 8:45:42 AM
Rank: Member


Joined: 12/1/2007
Posts: 390
Location: Nakuru
Ericsson wrote:
Share price heading towards 12


I jumped the gun here... jumped off just when the juice was getting sweeter
For investors as a whole, returns decrease as motion increases ~ WB
mlennyma
#16 Posted : Wednesday, March 14, 2018 10:04:07 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,872
Location: nairobi
winmak wrote:
Ericsson wrote:
Share price heading towards 12


I jumped the gun here... jumped off just when the juice was getting sweeter

we sometimes enter the market expecting very little thus jumping out for a shilling
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#17 Posted : Sunday, April 01, 2018 10:33:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
https://www.businessdail...7262-wqt6e3z/index.html

The Kenya Revenue Authority is demanding Sh225 million from Barclays Bank of Kenya over allegedly withholding tax arrears on royalties paid to card companies.

Barclays Bank in a suit filed in court seeking to stop the demand argues that it did not receive any assessment from taxman prior to receiving the demand and that no breakdown or details had been provided.

High Court judge George Odunga has temporarily suspended the tax notice pending a hearing of the dispute.
Ericsson
#18 Posted : Monday, April 16, 2018 12:57:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
Barclays bank share price woii
we are now at 13.3.
Biggest gainer so far this year
Realtreaty
#19 Posted : Tuesday, April 17, 2018 9:25:26 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,025
Likely to hit 13.80 cum-dividend and come down to 11.30 ex-dividend and later strolling to 10 until name is changed.
Ericsson
#20 Posted : Wednesday, April 18, 2018 8:49:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,875
Location: NAIROBI
Realtreaty wrote:
Likely to hit 13.80 cum-dividend and come down to 11.30 ex-dividend and later strolling to 10 until name is changed.


Below 10 will be a buy
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