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What is happening to CFC
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hisah
#11 Posted : Wednesday, April 13, 2011 4:50:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I hope it gets back to 40/- like it did in March 2010. That's where the big boyz are...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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invest0r
#12 Posted : Wednesday, April 13, 2011 11:13:53 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
hisah wrote:
I hope it gets back to 40/- like it did in March 2010. That's where the big boyz are...

... and some big boyz also bought it at 38 in the same month
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VituVingiSana
#13 Posted : Thursday, April 14, 2011 1:33:08 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
When you compare CFCStanbic [the Bank] vs its peers e.g. NIC, DTBK, I&M, CBA... it has flunked in most measures!

The Balance Sheet may be larger due to various 'large' customers but it ends there. The other mid-market banks are growing much faster!

DTB - Kenya, Uganda, Tanzania, Burundi [& expects to grow regionally]
NIC - Kenya, Tanzania
I&M - Kenya, Tanzania, Mauritius [Raised 2.4bn in Nov 2010]
CBA - Kenya but has connections due to kenyatta family

These mid-tier [& smaller] banks are eating away at CFCStanbic. I expect DTBK, NIC + I&M to be bigger than CFCStanbic [assets] by 2015. Already they make more PAT than CFCStanbic!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#14 Posted : Thursday, April 14, 2011 2:09:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
When you compare CFCStanbic [the Bank] vs its peers e.g. NIC, DTBK, I&M, CBA... it has flunked in most measures!

The Balance Sheet may be larger due to various 'large' customers but it ends there. The other mid-market banks are growing much faster!

DTB - Kenya, Uganda, Tanzania, Burundi [& expects to grow regionally]
NIC - Kenya, Tanzania
I&M - Kenya, Tanzania, Mauritius (Raised 2.4bn in Nov 2010)
CBA - Kenya but has connections due to kenyatta family

These mid-tier [& smaller] banks are eating away at CFCStanbic. I expect DTBK, NIC + I&M to be bigger than CFCStanbic [assets] by 2015. Already they make more PAT than CFCStanbic!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#15 Posted : Thursday, April 14, 2011 7:55:45 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Mukiha can you please send me the info memo @ youngvet07@gmail.com those numbers you have put there are quite good...thanks in advance.
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jkmaich
#16 Posted : Thursday, April 14, 2011 8:14:34 AM
Rank: New-farer

Joined: 4/5/2011
Posts: 14
Considering everything I think the best bank to invest in on long-term basis is NIC its price and ability to grow is good
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erifloss
#17 Posted : Thursday, April 14, 2011 8:38:56 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Guys this share might still go low coz its not the bank that will remain as listed but its parent company & the CFCIH. So while speculating don't use the bank's numbers directly coz you might be misled...
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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MaichBlack
#18 Posted : Thursday, April 14, 2011 1:43:45 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,851
hisah wrote:
I hope it gets back to 40/- like it did in March 2010. That's where the big boyz are...

Seriously!? Keep waiting.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mukiha
#19 Posted : Thursday, April 14, 2011 2:53:24 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
As at 2:50pm...
DEMAND 16,800
SUPPLY 4,000

LAST DEAL @ 63.50; 1,000 shares

Do you expect it to go to 40?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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PKoli
#20 Posted : Thursday, April 14, 2011 3:35:21 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
I do not expect the share to go below 60. I know a few shares were traded below 60, but this was exepcted after demaerger. A number of people expected the share to behave like 1;1 split. I think the bank should show some upsurge after underperforming for a while.I believe the price will soon return to the 80s and above. No fundamentals to qualofy my feelings though.
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