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Barclays - 2018 and beyond
Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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FUNKY wrote:They recently approved a loan for 300 million shillings to choppies super market. I don't have any link to prove but it's a true fact came out of a senior manager in Barclays The same Choppies which is dying? http://dailyactive.info/...in-choppies-supermarket/
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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obiero wrote:[quote=FUNKY]They recently approved a loan for 300 million shillings to choppies super market. I don't have any link to prove but it's a true fact came out of a senior manager in Barclays The same Choppies which is dying? http://dailyactive.info/...n-choppies-supermarket/[/quote] Choppies is not dying there were some problems which they faced but now everything is sorted in two weeks time all their branches will be fully restocked
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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FUNKY wrote:obiero wrote:FUNKY wrote:They recently approved a loan for 300 million shillings to choppies super market. I don't have any link to prove but it's a true fact came out of a senior manager in Barclays The same Choppies which is dying? http://dailyactive.info/...n-choppies-supermarket/
Choppies is not dying there were some problems which they faced but now everything is sorted in two weeks time all their branches will be fully restocked In wazua we support arguments with links https://sokodirectory.co...losing-down-who-is-next/
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Sorry I do not have a supporting link but it is true the boardroom wrangles in Botswana have been solved and choppies Kenya will rise again to its glory
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ebenyo wrote:babashuge wrote:obiero wrote:Ebenyo wrote:I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%
LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%
INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40% How would interest expense be a percentage Their papers and wallet have been ok for the last few years but what i wonder is whats the deal with all this closing of branches, is it a sign of inability to get new customers, cost cutting to keep the balance sheets pretty, or some part of some moving to digital strategy... Is it a good thing? Based on my statistics,the reason is consolidation.They are trying to preserve their capital.They are no longer the market leaders they used to be and have accepted the reality. They took a more conservative approach thats neither robust(like kcb and equity) nor a mean approach(like co-op). Going forward,i see them stabilising slowly and buoyed by separation from the UK father,they will try to grow slowly. Slow growth in a rapidly expanding sector is as good as death BUT unlike some firms, BBK doesn't have net debt. Doesn't need a Rights Issue. Pays a healthy dividend.  Sounding like a broken record chief.. How's ARM doing? Likely to resume trading? ARM? Dead. Kabisa. No bailout. Nothing. Zero. Hapana. BTW, did BBK make loans to ARM or KQ? Has it ever had recent capacity to lend to any serious Kenyan corporate.. What is their core capital? L:D ratio? I don't follow/have BBK so I don't look at it in detail BUT the the Dividend Yield is attractive. I can't answer your question but perhaps @Ebenyo can. BBK (& SCBK) were among the smart banks that didn't lend to a money pit like KQ. That said, unfortunately my buddy JM of Equity lent 5bn to KQ. I&M lent 800mn. NIC lent 3bn. And I have shares in all 3. I don't know why local banks got sucked in. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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obiero wrote:FUNKY wrote:obiero wrote:FUNKY wrote:They recently approved a loan for 300 million shillings to choppies super market. I don't have any link to prove but it's a true fact came out of a senior manager in Barclays The same Choppies which is dying? http://dailyactive.info/...n-choppies-supermarket/
Choppies is not dying there were some problems which they faced but now everything is sorted in two weeks time all their branches will be fully restocked In wazua we support arguments with links https://sokodirectory.co...osing-down-who-is-next/ 1) Approved does not mean disbursed. Or there may be conditions that allows BBK to ring-fence the loan. 2) "In wazua we support arguments with links" like GoK will definitely buy out KQ's minority shareholders at 10/12/21?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ebenyo wrote:babashuge wrote:obiero wrote:Ebenyo wrote:I did my own analysis of banks and realised Barclays is doing better than most of of the listed lenders;
NON PERFORMING LOANS
Barclays-8%
Kcb-7%
Equity-8%
Co-op-12%
I&M-14%
LOAN LOSS PROVISION
Barclays- 4%
Kcb-3%
Equity-3%
Co-op-4%
I&M-5%
INTEREST EXPENSE
Barclays-24%
Kcb-26%
Equity-22%
Co-op-28%
I&M-40% How would interest expense be a percentage Their papers and wallet have been ok for the last few years but what i wonder is whats the deal with all this closing of branches, is it a sign of inability to get new customers, cost cutting to keep the balance sheets pretty, or some part of some moving to digital strategy... Is it a good thing? Based on my statistics,the reason is consolidation.They are trying to preserve their capital.They are no longer the market leaders they used to be and have accepted the reality. They took a more conservative approach thats neither robust(like kcb and equity) nor a mean approach(like co-op). Going forward,i see them stabilising slowly and buoyed by separation from the UK father,they will try to grow slowly. Slow growth in a rapidly expanding sector is as good as death BUT unlike some firms, BBK doesn't have net debt. Doesn't need a Rights Issue. Pays a healthy dividend. Sounding like a broken record chief.. How's ARM doing? Likely to resume trading? ARM? Dead. Kabisa. No bailout. Nothing. Zero. Hapana. BTW, did BBK make loans to ARM or KQ? Has it ever had recent capacity to lend to any serious Kenyan corporate.. What is their core capital? L:D ratio? 18.4% Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Barclays aggressively marketing its mortgage lending product Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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23 million shares traded so far today. Who is buying/selling? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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I don't know how legit this is, but seeing that Mpesa already works with Wechat pay, is BBK on to something? http://www.xinhuanet.com...9-09/28/c_138431779.htm
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Kenya's Barclays Bank mulls integrating WeChat Pay, Alipay into digital platform Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Kenya's Barclays Bank mulls integrating WeChat Pay, Alipay into digital platform Inconsequential Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Kenya's Barclays Bank mulls integrating WeChat Pay, Alipay into digital platform Inconsequential Haba na haba... 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:Ericsson wrote:VituVingiSana wrote:Kenya's Barclays Bank mulls integrating WeChat Pay, Alipay into digital platform Inconsequential Haba na haba... Barclays hires 1200 new staff, after years of retrenchment and redundanciesLife is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Next year trading name changes to ABSA Kenya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ericsson wrote:Next year trading name changes to ABSA Kenya Barclays to Trade as ABSA on the NSE from Monday.cdsckenya instructed brokers to fast-track the settlement of Thursday’s trades, often known as trade acceleration and the NSE_PLC has Halted Barclays_Kenya from trading in today's session to allow transition to Absa. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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There will be loss of ome customers and corporates who had ties to UK who will most likely shift to Standard Chartered Bank. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.nse.co.ke/ph...ar-ended-31-dec2019.pdf
Final dividend sh.0.9 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:https://www.nse.co.ke/phocadownload/Daily-Downloads/absa-bank-kenya-plc---audited-group-results-for-theyyear-ended-31-dec2019.pdf
Final dividend sh.0.9 At current price of 10 bob net earning (all costs inclusive) of 8.37% even if you missed the interim dividend. Plus likely capital gains after Corona is gone!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Angelica _ann wrote:Ericsson wrote:https://www.nse.co.ke/phocadownload/Daily-Downloads/absa-bank-kenya-plc---audited-group-results-for-theyyear-ended-31-dec2019.pdf
Final dividend sh.0.9 At current price of 10 bob net earning (all costs inclusive) of 8.37% even if you missed the interim dividend. Plus likely capital gains after Corona is gone!!!! Looks like 2020 we'll just eat dividends. NSE was falling without corona. Even after the virus there are the endemic problems that were chocking our economy. Negative market sentiment likely to continue. You could always do a Kirubi and take advantage of the discounts to increase ownerships of the solid firms.
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