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