Check the operating profit FY09 compared to 3Q2010...

@Vitumob

SCBK paid 3.5 billion for the BBK custodial business. They had raised 2.5 billion by rights issue. Where did the 1 billion difference come from?

In otherwords, SCBK will have to reflect the shortfall of 1 billion in their books for the FY ending Dec, 2010.

This shortfall however has not been captured by 3Q results.

these shares traded. closed ato 271. am not sure of the averages.

I project full year PAT to be about 5.5B against last years 4.7B
This will represent EPS of 19/=, and a value of 285 per share if PE is held constant at 15

NOT GOOD AT ALL...
NAIROBI (Reuters) - Standard Chartered Bank Kenya reported a 19 percent rise in pretax profit for the nine months to September thanks to cost management and new products, and said it was well positioned for the next quarter.

Standard Chartered, the third biggest bank by assets in east Africa's largest economy, predicted a good performance in the fourth quarter, and said it would remain vigilant of any shocks that may affect the banking system globally.

"We have remained disciplined on costs and processes and innovative on products and services," Chief Executive Richard Etemesi said in a statement on Tuesday.

The bank said pretax profit rose to 6.19 billion shillings compared with 5.2 billion shillings last year, while loans and advances increased by 14 percent to 55 billion shillings.

Deposits rose 12 percent to 100 billion shillings, and bad loans fell to 1.6 billion shillings from 1.7 billion shillings.

KCB, Kenya's biggest bank by assets, reported a 23 percent rise in pretax earnings, while Equity Bank posted a 53 percent rise in pretax profits.

Shares in Standard Chartered closed on Monday at 279 shillings. On Tuesday, share price information was unavailable because of technical problems at the stock exchange