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DTB FY17
Pesa Nane
#1 Posted : Saturday, March 24, 2018 7:48:16 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,616
Location: 08c

Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Saturday, March 24, 2018 8:09:22 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,616
Location: 08c
Div. Ksh. 2.60 ONLY

Payable 25 June 2018
Closure 25 May 2018
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#3 Posted : Saturday, March 24, 2018 8:11:08 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,616
Location: 08c
Horton
#4 Posted : Saturday, March 24, 2018 8:44:05 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,120
Location: Nairobi
Wow these guys are stingy 220/- per share 2.60 per share SMH!
I own shares in KCB,CYTONN, BRK.B
Ericsson
#5 Posted : Saturday, March 24, 2018 11:04:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,518
Location: NAIROBI
Horton wrote:
Wow these guys are stingy 220/- per share 2.60 per share SMH!


DTB historically has never being generous on dividend
murchr
#6 Posted : Sunday, March 25, 2018 6:31:06 AM
Rank: Elder


Joined: 2/26/2012
Posts: 12,418
Very good set of results given the environment.
"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
.
VituVingiSana
#7 Posted : Sunday, March 25, 2018 8:48:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,875
Location: Nairobi
Horton wrote:
Wow these guys are stingy 220/- per share 2.60 per share SMH!

Berkshire Hathaway doesn't pay a dividend.
Apple didn't pay a dividend until recently.
DTB is unlikely to ask shareholders to fund a large Rights Issue [perhaps a "small" Rights Issue e.g. 1:10] despite its growth in deposits. The "retained income" adds to the Tier 1 Shareholders Capital which allows DTB to continue growing its balance sheet.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#8 Posted : Sunday, March 25, 2018 5:32:17 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,120
Location: Nairobi
VituVingiSana wrote:
Horton wrote:
Wow these guys are stingy 220/- per share 2.60 per share SMH!

Berkshire Hathaway doesn't pay a dividend.
Apple didn't pay a dividend until recently.
DTB is unlikely to ask shareholders to fund a large Rights Issue [perhaps a "small" Rights Issue e.g. 1:10] despite its growth in deposits. The "retained income" adds to the Tier 1 Shareholders Capital which allows DTB to continue growing its balance sheet.


DTB aint BRK or APPL. Like comparing chips to hay.

Speaking of DTB, not sure if there is a solid strategy they seem to be opening up branches ovyo ovyo. Anyone been around Parklands of late?

They have sooo many unnecesary branches in such a small area!
- a branch at Westgate, then less than 100m away at 9west, a mini branch at the oval, at general mathenge and etc. feels like that’s abit much! That’s not even to mention Aga khan hospital, diamond plaza branches and etc.
I own shares in KCB,CYTONN, BRK.B
Horton
#9 Posted : Sunday, March 25, 2018 5:35:14 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,120
Location: Nairobi
Ericsson wrote:
Horton wrote:
Wow these guys are stingy 220/- per share 2.60 per share SMH!


DTB historically has never being generous on dividend



Yeah none of Aga khan companies. Same story at tps and Jubilee. Well perhaps NMG as the exception
I own shares in KCB,CYTONN, BRK.B
VituVingiSana
#10 Posted : Monday, March 26, 2018 2:46:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,875
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Horton wrote:
Wow these guys are stingy 220/- per share 2.60 per share SMH!

Berkshire Hathaway doesn't pay a dividend.
Apple didn't pay a dividend until recently.
DTB is unlikely to ask shareholders to fund a large Rights Issue [perhaps a "small" Rights Issue e.g. 1:10] despite its growth in deposits. The "retained income" adds to the Tier 1 Shareholders Capital which allows DTB to continue growing its balance sheet.


DTB aint BRK or APPL. Like comparing chips to hay.

Speaking of DTB, not sure if there is a solid strategy they seem to be opening up branches ovyo ovyo. Anyone been around Parklands of late?

They have sooo many unnecesary branches in such a small area!
- a branch at Westgate, then less than 100m away at 9west, a mini branch at the oval, at general mathenge and etc. feels like that’s abit much! That’s not even to mention Aga khan hospital, diamond plaza branches and etc.

DTB is DTB.
APPL and APPL.
BH is BH.

It's not unusual for (profitable) firms not to pay a dividend e.g. Centum until recently.
It's not unusual for profitable growth oriented firms to have a low dividend payout ratio. [Retain cash to fund growth]. DTB has grown quite substantially over the past 3 years and there was talk of (listed) DTB buying more shares in the regional subsidiaries and entering a new market.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#11 Posted : Monday, March 26, 2018 3:06:10 AM
Rank: Chief


Joined: 1/3/2007
Posts: 13,875
Location: Nairobi
On @Horton's observation on branches

Duplicate branches [after taking over Habib] may be closed once the leases run out e.g. KAM Place in favor of Westgate.
I like (mini)branches that serve captive customers e.g. Aga Khan Hospital [100s of employees/doctors/nurses + 1000s of patients/visitors + residents of the area]
I am no fan of lines/queues [though with technology there are other avenues] and IMHO some sensitive transactions still need to be done at branches. This will change.

Questions:
From what you have described, the branches are easily accessible for customers. Do they need to be?
Are these branches profitable?
Do their customers demand/require easy accessibility including longer hours?
Do these branches serve different types of customers?
[The Gen Mathenge branch seems "corporate oriented" to me.]

Equity bank has a "wananchi" branch on Woodvale Grove and a "corporate/wadosi" branch near Uchumi in Westlands.
NIC is also opening up branches though they are more restrained than DTB.
KCB has 2 branches within Sarit Center.
I&M closed an ex-Giro branch on Banda St as well as Woodvale Grove, Mombasa CBD and Kisumu.

JM mentioned in a briefing that Equity will downsize some branches since more transactions are taking place using phones and agents.

Ovyo ovyo? Or strategic?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#12 Posted : Monday, March 26, 2018 9:14:44 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,653
Location: nairobi
Horton wrote:
Wow these guys are stingy 220/- per share 2.60 per share SMH!

Mhindi is naturally greedy
"Don't let the fear of losing be greater than the excitement of winning."
Horton
#13 Posted : Monday, March 26, 2018 11:35:17 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,120
Location: Nairobi
VituVingiSana wrote:
On @Horton's observation on branches

Duplicate branches [after taking over Habib] may be closed once the leases run out e.g. KAM Place in favor of Westgate.
I like (mini)branches that serve captive customers e.g. Aga Khan Hospital [100s of employees/doctors/nurses + 1000s of patients/visitors + residents of the area]
I am no fan of lines/queues [though with technology there are other avenues] and IMHO some sensitive transactions still need to be done at branches. This will change.

Questions:
From what you have described, the branches are easily accessible for customers. Do they need to be?
Are these branches profitable?
Do their customers demand/require easy accessibility including longer hours?
Do these branches serve different types of customers?
[The Gen Mathenge branch seems "corporate oriented" to me.]

Equity bank has a "wananchi" branch on Woodvale Grove and a "corporate/wadosi" branch near Uchumi in Westlands.
NIC is also opening up branches though they are more restrained than DTB.
KCB has 2 branches within Sarit Center.
I&M closed an ex-Giro branch on Banda St as well as Woodvale Grove, Mombasa CBD and Kisumu.

JM mentioned in a briefing that Equity will downsize some branches since more transactions are taking place using phones and agents.

Ovyo ovyo? Or strategic?


The Kenyan market is different. I’m sure you understand this?!

U cant compare DTB to KCB or Equity. KCBs wananchi branch at sarit centre is always packed to the brim. So execs “don’t feel special” therefore a new branch to deal with these folks was created. Whereas DTB branches , you will probably be first in line for the teller usually or at worst a couple of people ahead.

This segment is overbanked. There is I&M, Guardian, Prime, Bank of Baroda and India and add like 4 branches of DTB in the small area.

As you said easily accessible. Are you a Dtb customer btw? Do you know how not so straight forward their online banking is for companies?


I own shares in KCB,CYTONN, BRK.B
murchr
#14 Posted : Friday, March 30, 2018 4:14:48 PM
Rank: Elder


Joined: 2/26/2012
Posts: 12,418
"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
.
tandich
#15 Posted : Friday, April 13, 2018 4:22:08 PM
Rank: Member


Joined: 5/6/2008
Posts: 73
Pesa Nane
#16 Posted : Friday, April 13, 2018 11:56:26 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,616
Location: 08c


d'oh!

Pesa Nane plans to be shilingi when he grows up.
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