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Stanchart Q3 2017 profit falls 38%
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Ericsson
#1 Posted : Tuesday, November 14, 2017 8:41:29 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Profit before tax falls 38% to ksh.6.87bn
Net profit falls 38% to sh.4.7bn
Earnings from loans drop to sh.10bn down from 11.4bn
Loan book dropped from sh.122.7bn in December to sh.114.2bn
Dividend payout dropped to 4.50 from sh.6
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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washiku
#2 Posted : Tuesday, November 14, 2017 9:17:13 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
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obiero
#3 Posted : Tuesday, November 14, 2017 9:19:09 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
Profit before tax falls 38% to ksh.6.87bn
Net profit falls 38% to sh.4.7bn
Earnings from loans drop to sh.10bn down from 11.4bn
Loan book dropped from sh.122.7bn in December to sh.114.2bn
Dividend payout dropped to 4.50 from sh.6

Tragic set of results

KQ ABP 4.26
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Angelica _ann
#4 Posted : Tuesday, November 14, 2017 10:32:04 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!!
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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obiero
#5 Posted : Tuesday, November 14, 2017 10:57:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Angelica _ann wrote:
KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!!

I told you guys that only the tier 1, big three would fair best

KQ ABP 4.26
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peep
#6 Posted : Tuesday, November 14, 2017 11:08:48 PM
Rank: Member

Joined: 3/30/2009
Posts: 56
Ericsson wrote:
Profit before tax falls 38% to ksh.6.87bn
Net profit falls 38% to sh.4.7bn
Earnings from loans drop to sh.10bn down from 11.4bn
Loan book dropped from sh.122.7bn in December to sh.114.2bn
Dividend payout dropped to 4.50 from sh.6

Q3 has dividend payout?Sad
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wukan
#7 Posted : Wednesday, November 15, 2017 10:08:54 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
obiero wrote:
Angelica _ann wrote:
KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!!

I told you guys that only the tier 1, big three would fair best


Looks more of a case of 'fake it till you make it'. Wait for IFRS 9
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VituVingiSana
#8 Posted : Wednesday, November 15, 2017 10:58:12 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
wukan wrote:
obiero wrote:
Angelica _ann wrote:
KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!!

I told you guys that only the tier 1, big three would fair best


Looks more of a case of 'fake it till you make it'. Wait for IFRS 9

Laughing out loudly Laughing out loudly Laughing out loudly Some folks are in denial. SCBK is they type that would take the hit early on. Others are postponing the inevitable. Let's wait for 1Q 2018 results and then the audited FY 2018 results.

I expect a Rights Issue and/or Bond Issue and/or Secondary Capital Raise and/or dividend reduction will be in the pipeline in 2018 for some banks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#9 Posted : Wednesday, November 15, 2017 11:00:16 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
wukan wrote:
obiero wrote:
Angelica _ann wrote:
KCB, Equity & Coop Bank seems to be on the right track, rest are struggling!!!

I told you guys that only the tier 1, big three would fair best


Looks more of a case of 'fake it till you make it'. Wait for IFRS 9

Laughing out loudly Laughing out loudly Laughing out loudly Some folks are in denial. SCBK is they type that would take the hit early on. Others are postponing the inevitable. Let's wait for 1Q 2018 results and then the audited FY 2018 results.

I expect a Rights Issue and/or Bond Issue and/or Secondary Capital Raise and/or dividend reduction will be in the pipeline in 2018 for some banks.


You have spoken about this for long and we have seen nothing happening.
Banking in kenya shifted from the beberu banks to the local ones
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#10 Posted : Wednesday, November 15, 2017 11:16:46 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
SCBK must be taking the Nakumatt bad loan hit.

But how does a bank like Standard Chartered loan to Nakumatt without security/tangible assets?
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