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Exchange Bar: Results forecast
Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! 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: 10,678 Location: NAIROBI
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Kenya Re FInal dividend Ksh.0.1 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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VituVingiSana wrote:Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:Kenya Re
FInal dividend Ksh.0.1 K-RE has a very inconsistent dividend policy. (Earlier years adjusted the the 4 - 1 split) Dividend K-RE 2008 − 0.13 2009 − 0.13 2010 − 0.09 2011 − 0.09 2012 − 0.10 2013 − 0.15 2014 − 0.18 2015 − 0.19 2016 − 0.20 2017 − 0.21 2018 − 0.11 2019 − 0.10 2020 − 0.20 2021 − 0.10
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Exchange Bar Q4 2021, PBT in KES B: KCB 49.1 Actual 47.8 EQTY 48.3 Actual 51.8 COOP 22.4 Actual 22.6 ABSA 16.1 Actual 15.5 NCBA 15.1 Actual 15.03 SCBK 11.7 Actual 12.6 I&M 11.6 Actual 12.4 DTB 9.8 Actual 6.6 STBC 9.3 Actual 9.75 HFCK -0.46 Actual -0.664 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives. Then what would you recommend one uses for comparison? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 Actual -0.664 DTB is sickly
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 8/19/2015 Posts: 125
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Use Total Interest Income Vs Total Assets.............you will know which bank is cooking books to minimize Tax liability and dividend payout.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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VituVingiSana wrote:My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives. Then what would you recommend one uses for comparison? For future growth prospects, I look at growth in customer deposits.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Sir invest wrote:Use Total Interest Income Vs Total Assets.............you will know which bank is cooking books to minimize Tax liability and dividend payout. Thanks for the tip.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Sir invest wrote:Use Total Interest Income Vs Total Assets.............you will know which bank is cooking books to minimize Tax liability and dividend payout. Please post the list for us. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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VituVingiSana wrote:Sir invest wrote:Use Total Interest Income Vs Total Assets.............you will know which bank is cooking books to minimize Tax liability and dividend payout. Please post the list for us. Why minimize profit? Most of the banks are in a profit race!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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My 2 cents wrote:VituVingiSana wrote:My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives. Then what would you recommend one uses for comparison? For future growth prospects, I look at growth in customer deposits. Not a bad measure but deposits fly between banks on a whim
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Q1 is over "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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obiero wrote:My 2 cents wrote:VituVingiSana wrote:My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives. Then what would you recommend one uses for comparison? For future growth prospects, I look at growth in customer deposits. Not a bad measure but deposits fly between banks on a whim Total customer deposits in tier 1 banks are not volatile, most move up between 5 - 10% every year. I focus on the % growth. So it was alarming that in 2021, Stanbic had negative growth. This is not common with tier 1s.
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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My 2 cents wrote:obiero wrote:My 2 cents wrote:VituVingiSana wrote:My 2 cents wrote:VituVingiSana wrote:Ericsson wrote:Exchange Bar Q4 2021, PBT in KES B:
KCB 49.1 Actual 47.8
EQTY 48.3 Actual 51.8
COOP 22.4 Actual 22.6
ABSA 16.1 Actual 15.5
NCBA 15.1 Actual 15.03
SCBK 11.7 Actual 12.6
I&M 11.6 Actual 12.4
DTB 9.8 Actual 6.6
STBC 9.3 Actual 9.75
HFCK -0.46 I&M 2x DTB when not so long ago DTB>I&M Similarly KCB used to make multiples of Equity but now Equity > KCB I&M is posting similar PBT as SCBK! Comparisons of PBT are problematic when banks have extremely different provisioning for bad loans. They use this to adjust PBT figures up and down depending on their motives. Then what would you recommend one uses for comparison? For future growth prospects, I look at growth in customer deposits. Not a bad measure but deposits fly between banks on a whim Total customer deposits in tier 1 banks are not volatile, most move up between 5 - 10% every year. I focus on the % growth. So it was alarming that in 2021, Stanbic had negative growth. This is not common with tier 1s. Increasing deposits is easy - even at Tier 1 banks - if you do not care about the cost of deposits. I don't know if it is still the case but there was a time when you could shop around large deposits amongst banks at the EOQ/EOY. Stanbic may have taken a view that it didn't want expensive deposits aka "hot money" or there were large withdrawals. Trends over years > one-time events. 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: 10,678 Location: NAIROBI
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Q1 2022 PBT in KES.Bn NCBA---4.9bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Ericsson wrote:Q1 2022 PBT in KES.Bn
NCBA---4.848bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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HFCK Ksh.0.039bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Equity Group ksh.15.3bn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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