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Rank: Elder Joined: 6/23/2009 Posts: 13,623 Location: nairobi
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lochaz-index wrote:Ericsson wrote:GROUP PROFIT BEFORE TAX & EXCEPTIONAL ITEMS FOR PERIOD ENDED SEPT. 30 2018 WAS 7.72 BILLION SHILLINGS VERSUS 7.71 BILLION SHILLINGS. Any link to the actual results? That spike in NPLs is worth a look considering BBK has never been an aggressive bank even before the rate caps. Ask and you shall receive  
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,623 Location: nairobi
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COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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obiero wrote:lochaz-index wrote:Ericsson wrote:GROUP PROFIT BEFORE TAX & EXCEPTIONAL ITEMS FOR PERIOD ENDED SEPT. 30 2018 WAS 7.72 BILLION SHILLINGS VERSUS 7.71 BILLION SHILLINGS. Any link to the actual results? That spike in NPLs is worth a look considering BBK has never been an aggressive bank even before the rate caps. Ask and you shall receive Additional link;https://www.nse.co.ke/listed-companies/company-announcements.html Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:obiero wrote:lochaz-index wrote:Ericsson wrote:GROUP PROFIT BEFORE TAX & EXCEPTIONAL ITEMS FOR PERIOD ENDED SEPT. 30 2018 WAS 7.72 BILLION SHILLINGS VERSUS 7.71 BILLION SHILLINGS. Any link to the actual results? That spike in NPLs is worth a look considering BBK has never been an aggressive bank even before the rate caps. Ask and you shall receive Additional link;https://www.nse.co.ke/listed-companies/company-announcements.html Thanks. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend. Till today they have never recovered Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,623 Location: nairobi
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Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered A major national event happened in the same year and they didn't grasp it's impact. 27.08.2010 to be precise
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. Life is short. Live passionately.
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Rank: Member Joined: 2/20/2007 Posts: 767
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sparkly wrote:Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. True dat. I am one of those guys they chased away. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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tom_boy wrote:sparkly wrote:Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. True dat. I am one of those guys they chased away. And you are still a boy till today Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,623 Location: nairobi
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Ericsson wrote:tom_boy wrote:sparkly wrote:Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. True dat. I am one of those guys they chased away. And you are still a boy till today @Ericsson you are out of order
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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obiero wrote:Ericsson wrote:tom_boy wrote:sparkly wrote:Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. True dat. I am one of those guys they chased away. And you are still a boy till today @Ericsson you are out of order  Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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Share price is following the mood of the results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:obiero wrote:Ericsson wrote:tom_boy wrote:sparkly wrote:Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. True dat. I am one of those guys they chased away. And you are still a boy till today @Ericsson you are out of order Oh boy Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,623 Location: nairobi
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Compare and contrast the NPL positions 
COOP 255,000 ABP 15.85; KQ 484,100 ABP 7.45; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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Very strong share trading activity today,is it because of the usually good dividend? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,754 Location: NAIROBI
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mlennyma wrote:Very strong share trading activity today,is it because of the usually good dividend? A major investor making a good harvest Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/31/2011 Posts: 251
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sparkly wrote:Ericsson wrote:When did the rains hit this bank.The highest profit they ever made was in FY 2010 and that is the year they paid highest dividend.
Till today they have never recovered Problems started in late 90s/ early 00s when they: 1. Recalled loans on many businesses; 2. Closed branches; 3. Retrenched staff; 4. Invested deposits in Government Securities; 5. Increased minimum balances for all accounts; 6. Imposed monthly ledger fees on savings accounts; They chased away retail clients, Small, Micro and Medium Entreprises. The local banks stepped in. When they tried to win back the people they chased away, it was too late. You are looking at one of them chased guys and since then I despised BBK both as a bank as an investment. You lose money chasing women, but you never lose women chasing money - NAS
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Rank: Chief Joined: 1/3/2007 Posts: 18,155 Location: Nairobi
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Barclays seeks to sell three closed branches at Sh65m https://www.businessdail...83632-md3wvz/index.html
In 2017, the bank had closed Moi Avenue, Haile Selassie, Waiyaki Way, Kawangware, Rahimtulla, Nakummatt Meru and Wundanyi branches. This cut branch network from 96 to 89. Bamburi, Maragua and Supplies branches are now up for sale. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Barclays seeks to sell three closed branches at Sh65m https://www.businessdail...83632-md3wvz/index.html
In 2017, the bank had closed Moi Avenue, Haile Selassie, Waiyaki Way, Kawangware, Rahimtulla, Nakummatt Meru and Wundanyi branches. This cut branch network from 96 to 89. Bamburi, Maragua and Supplies branches are now up for sale. A bank on its deathbed. Life is short. Live passionately.
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