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Barclays - 2018 and beyond
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Ericsson
#121 Posted : Wednesday, August 26, 2020 8:15:15 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
young wrote:
Ericsson wrote:
heri wrote:
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL


93% drop,no interim dividend.



12 branded African countries subsidiaries of ABSA contributes 26% of ABSA SA earnings.
ABSA Kenya contributes ONLY less than 3.5% of ABSA SA earnings.

So that means recorded 82% drop in earnings in SA HQ does not imply same margin of drop in absa kenya. ABSA Kenya performance will not be so dysmal factoring in negative impact of covid19 on her earnings.


https://www.biznews.com/...vesting/2020/08/24/absa



ABSA Kenya is the largest and most profitable of it's regional operations.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#122 Posted : Wednesday, August 26, 2020 10:52:05 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Ericsson wrote:
young wrote:
Ericsson wrote:
heri wrote:
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL


93% drop,no interim dividend.



12 branded African countries subsidiaries of ABSA contributes 26% of ABSA SA earnings.
ABSA Kenya contributes ONLY less than 3.5% of ABSA SA earnings.

So that means recorded 82% drop in earnings in SA HQ does not imply same margin of drop in absa kenya. ABSA Kenya performance will not be so dysmal factoring in negative impact of covid19 on her earnings.


https://www.biznews.com/...vesting/2020/08/24/absa



ABSA Kenya is the largest and most profitable of it's regional operations.




My comments below

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Thursday, August 27, 2020 12:26 AM | Reason: Not specified
young
#123 Posted : Wednesday, August 26, 2020 10:53:47 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Ericsson wrote:
young wrote:
Ericsson wrote:
heri wrote:
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL


93% drop,no interim dividend.



12 branded African countries subsidiaries of ABSA contributes 26% of ABSA SA earnings.
ABSA Kenya contributes ONLY less than 3.5% of ABSA SA earnings.

So that means recorded 82% drop in earnings in SA HQ does not imply same margin of drop in absa kenya. ABSA Kenya performance will not be so dysmal factoring in negative impact of covid19 on her earnings.


https://www.biznews.com/...vesting/2020/08/24/absa



ABSA Kenya is the largest and most profitable of it's regional operations.




Please confirm with link if you have ?
ABSA Kenya has lost some grounds in recent years , it is no longer among the top 3 banks in Kenya quite unlike yesteryears wheras ABSA Ghana still maintains NO 2 position after GCB (Ghana commercial bank)
There is ABSA here in Nigeria but not listed in our bourse, so information about them is scanty .

ABSA has strong presence (in terms of market cap) in the following countries. They rank among the top 3 banks.
- Ghana
- Botswana
- Namibia
- Zambia

The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Thursday, August 27, 2020 12:22 AM | Reason: Not specified
young
#124 Posted : Wednesday, August 26, 2020 11:03:56 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Ericsson wrote:
Rallying to the ksh.10 mark.
Will they break break the trend and not issue an interim dividend for the first time in as many years?


Very unlikely to issue interim dividends .
The trivial thing is to make provision for deferred loans and NPL occasioned by covid. This will eat into their HY earnings. They just have to retain cash like other banks to issue "covid19" miserly FY dividends next year .

If they decide to issue interim dividend from their reserves , that will be a strange "greek gift" which is not sustenable.

I do not understand the reason behind her rally. Time and events will unfold.

I am actually waiting for it at pre rally 9.00 Bob or slightly below to accumulate more .



The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Wednesday, August 26, 2020 11:14 PM | Reason: Not specified
Ericsson
#125 Posted : Thursday, August 27, 2020 7:26:53 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
young wrote:
Ericsson wrote:
young wrote:
Ericsson wrote:
heri wrote:
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL


93% drop,no interim dividend.



12 branded African countries subsidiaries of ABSA contributes 26% of ABSA SA earnings.
ABSA Kenya contributes ONLY less than 3.5% of ABSA SA earnings.

So that means recorded 82% drop in earnings in SA HQ does not imply same margin of drop in absa kenya. ABSA Kenya performance will not be so dysmal factoring in negative impact of covid19 on her earnings.


https://www.biznews.com/...vesting/2020/08/24/absa



ABSA Kenya is the largest and most profitable of it's regional operations.




Please confirm with link if you have ?
ABSA Kenya has lost some grounds in recent years , it is no longer among the top 3 banks in Kenya quite unlike yesteryears wheras ABSA Ghana still maintains NO 2 position after GCB (Ghana commercial bank)
There is ABSA here in Nigeria but not listed in our bourse, so information about them is scanty .

ABSA has strong presence (in terms of market cap) in the following countries. They rank among the top 3 banks.
- Ghana
- Botswana
- Namibia
- Zambia


In Nigeria ABSA doesn't have a full banking operation, it has a representative office.
ABSA kenya profits exceeds that of ABSA in each of the countries you have mentioned even though it's not top 3 in Kenya.
ABSA kenya total assets is bigger than that that of ABSA in the other countries except South Africa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#126 Posted : Thursday, August 27, 2020 8:44:25 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
young wrote:
Ericsson wrote:
Rallying to the ksh.10 mark.
Will they break break the trend and not issue an interim dividend for the first time in as many years?


Very unlikely to issue interim dividends .
The trivial thing is to make provision for deferred loans and NPL occasioned by covid. This will eat into their HY earnings. They just have to retain cash like other banks to issue "covid19" miserly FY dividends next year .

If they decide to issue interim dividend from their reserves , that will be a strange "greek gift" which is not sustenable.

I do not understand the reason behind her rally. Time and events will unfold.

I am actually waiting for it at pre rally 9.00 Bob or slightly below to accumulate more .






@All

ABSA is not worth a buy for now if you are looking for income(dividend) . This is based on her dysmal HY 2020 performance.

With PBT of 3.3bn and extremely low PAT of 0.5 bn please forget it for now. There was 1.7 BN exceptional which reduced her net earnings considerably . This is in addition to deferred interest income occasioned by covid.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Ericsson
#127 Posted : Thursday, August 27, 2020 10:11:32 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Restructured loans at ksh.57 billion as at 30 June
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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obiero
#128 Posted : Thursday, August 27, 2020 10:12:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
young wrote:
young wrote:
Ericsson wrote:
Rallying to the ksh.10 mark.
Will they break break the trend and not issue an interim dividend for the first time in as many years?


Very unlikely to issue interim dividends .
The trivial thing is to make provision for deferred loans and NPL occasioned by covid. This will eat into their HY earnings. They just have to retain cash like other banks to issue "covid19" miserly FY dividends next year .

If they decide to issue interim dividend from their reserves , that will be a strange "greek gift" which is not sustenable.

I do not understand the reason behind her rally. Time and events will unfold.

I am actually waiting for it at pre rally 9.00 Bob or slightly below to accumulate more .






@All

ABSA is not worth a buy for now if you are looking for income(dividend) . This is based on her dysmal HY 2020 performance.

With PBT of 3.3bn and extremely low PAT of 0.5 bn please forget it for now. There was 1.7 BN exceptional which reduced her net earnings considerably . This is in addition to deferred interest income occasioned by covid.

Very unattractive

KQ ABP 4.26
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young
#129 Posted : Thursday, August 27, 2020 10:30:10 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
https://www.absabank.co.ke/investor-relations/

Note: Click Financial Reports and proceed
from there .


Just wondering :-

1. What was the motivation for steep rise of ABSA from 8.50 to 10+ bob in the past 1 week with LARGE volumes ?

2 Why is the rebranding cost of 1.7bn after full migration introduced in HY 2020? Was the cost element not broken to tranches since the begining 2018?


https://www.businessdail...15278-drkoty/index.html
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Friday, August 28, 2020 1:08 AM | Reason: Not specified
Ericsson
#130 Posted : Friday, August 28, 2020 9:55:03 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
young wrote:
young wrote:
Ericsson wrote:
Rallying to the ksh.10 mark.
Will they break break the trend and not issue an interim dividend for the first time in as many years?


Very unlikely to issue interim dividends .
The trivial thing is to make provision for deferred loans and NPL occasioned by covid. This will eat into their HY earnings. They just have to retain cash like other banks to issue "covid19" miserly FY dividends next year .

If they decide to issue interim dividend from their reserves , that will be a strange "greek gift" which is not sustenable.

I do not understand the reason behind her rally. Time and events will unfold.

I am actually waiting for it at pre rally 9.00 Bob or slightly below to accumulate more .






@All

ABSA is not worth a buy for now if you are looking for income(dividend) . This is based on her dysmal HY 2020 performance.

With PBT of 3.3bn and extremely low PAT of 0.5 bn please forget it for now. There was 1.7 BN exceptional which reduced her net earnings considerably . This is in addition to deferred interest income occasioned by covid.

Very unattractive


At ksh.6 to 7 per share it will be attractive
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
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