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DTB FY15 earnings up 11.4%
Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:@VVS, arc. Nice input. I'm in that dilemma for a long time. What draws me to the 3 is the management and as @VVS put it conservative growth. I had put a peg of 150 for DTB that did not materialise. After the bonus and rally from 180, I should probably have pulled the trigger like @arc. It was starting to tempt me at 180.
I&M in my mind is so similar to DTB in the the good qualities.. Which makes it hard to separate the 2. I M has also become very visible of late and is clearly going for the retail market.
Nic is the most fairly valued on a pe and p/b using current market price and is where I have dived in. There's only drawback being less regional footprint.
It's only a matter of time for these 3 to be become highly profitable as financial penetration deepens. I think Dtb currently has the x factor. Very confusing @VVS, Nice piece. I have never looked at I&M. I have been following DTB and NIC. Dived into NIC lately. Will consolidate NIC. I have been to their branches in Uganda and like their service. I am in KCB for long haul and in Equity following James Mwangi's passion.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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PKoli wrote:Aguytrying wrote:@VVS, arc. Nice input. I'm in that dilemma for a long time. What draws me to the 3 is the management and as @VVS put it conservative growth. I had put a peg of 150 for DTB that did not materialise. After the bonus and rally from 180, I should probably have pulled the trigger like @arc. It was starting to tempt me at 180.
I&M in my mind is so similar to DTB in the the good qualities.. Which makes it hard to separate the 2. I M has also become very visible of late and is clearly going for the retail market.
Nic is the most fairly valued on a pe and p/b using current market price and is where I have dived in. There's only drawback being less regional footprint.
It's only a matter of time for these 3 to be become highly profitable as financial penetration deepens. I think Dtb currently has the x factor. Very confusing @VVS, Nice piece. I have never looked at I&M. I have been following DTB and NIC. Dived into NIC lately. Will consolidate NIC. I have been to their branches in Uganda and like their service. I am in KCB for long haul and in Equity following James Mwangi's passion. I'm conflicted as follows. I want to hold 3 banking counters. Two tier 1. Kcb, equity. And one tier 2. Nic or Dtb or I M. Or one tier 1 and two tier 2. But this seems abit risky. Equity is a no brainer in both cases. Between kcb, nic, Dtb, I M. Which 2 should I pick?? I've already started buying nic and kcb below 40. But I'm still undecided. It's really confusing The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Aguytrying wrote:PKoli wrote:Aguytrying wrote:@VVS, arc. Nice input. I'm in that dilemma for a long time. What draws me to the 3 is the management and as @VVS put it conservative growth. I had put a peg of 150 for DTB that did not materialise. After the bonus and rally from 180, I should probably have pulled the trigger like @arc. It was starting to tempt me at 180.
I&M in my mind is so similar to DTB in the the good qualities.. Which makes it hard to separate the 2. I M has also become very visible of late and is clearly going for the retail market.
Nic is the most fairly valued on a pe and p/b using current market price and is where I have dived in. There's only drawback being less regional footprint.
It's only a matter of time for these 3 to be become highly profitable as financial penetration deepens. I think Dtb currently has the x factor. Very confusing @VVS, Nice piece. I have never looked at I&M. I have been following DTB and NIC. Dived into NIC lately. Will consolidate NIC. I have been to their branches in Uganda and like their service. I am in KCB for long haul and in Equity following James Mwangi's passion. I'm conflicted as follows. I want to hold 3 banking counters. Two tier 1. Kcb, equity. And one tier 2. Nic or Dtb or I M. Or one tier 1 and two tier 2. But this seems abit risky. Equity is a no brainer in both cases. Between kcb, nic, Dtb, I M. Which 2 should I pick?? I've already started buying nic and kcb below 40. But I'm still undecided. It's really confusing After FY 2015, and after the accounting treatment of NPLs, I am leery of KCB. It remains a favorite of foreign investors but I'd rather be in a firm that foreign investors have not discovered. Equity - Mwangi & the x-factor. I remain a fan. DRC. Mobile Banking. NIC - The NPLs are SCARY. Have a look. They doubled from 7 to 14bn. If these NPLs aren't restructured or start performing then the Provisions [a low Provisions to NPLs ratio] will need to be bumped up by a huge margin. DTB - What more is there to say? [I don't see it as an acquisition target due to the Aga Khan ownership & community ties] I&M - A core holding for me. Profits have performed. Price has not. I am a-OK with that. My gut feeling is that of all the Tier 2 banks, I&M is one that could be acquired for its 'smallish but wealthy' client base, geographic footprint and clean loan book. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:PKoli wrote:Aguytrying wrote:@VVS, arc. Nice input. I'm in that dilemma for a long time. What draws me to the 3 is the management and as @VVS put it conservative growth. I had put a peg of 150 for DTB that did not materialise. After the bonus and rally from 180, I should probably have pulled the trigger like @arc. It was starting to tempt me at 180.
I&M in my mind is so similar to DTB in the the good qualities.. Which makes it hard to separate the 2. I M has also become very visible of late and is clearly going for the retail market.
Nic is the most fairly valued on a pe and p/b using current market price and is where I have dived in. There's only drawback being less regional footprint.
It's only a matter of time for these 3 to be become highly profitable as financial penetration deepens. I think Dtb currently has the x factor. Very confusing @VVS, Nice piece. I have never looked at I&M. I have been following DTB and NIC. Dived into NIC lately. Will consolidate NIC. I have been to their branches in Uganda and like their service. I am in KCB for long haul and in Equity following James Mwangi's passion. I'm conflicted as follows. I want to hold 3 banking counters. Two tier 1. Kcb, equity. And one tier 2. Nic or Dtb or I M. Or one tier 1 and two tier 2. But this seems abit risky. Equity is a no brainer in both cases. Between kcb, nic, Dtb, I M. Which 2 should I pick?? I've already started buying nic and kcb below 40. But I'm still undecided. It's really confusing After FY 2015, and after the accounting treatment of NPLs, I am leery of KCB. It remains a favorite of foreign investors but I'd rather be in a firm that foreign investors have not discovered. Equity - Mwangi & the x-factor. I remain a fan. DRC. Mobile Banking. NIC - The NPLs are SCARY. Have a look. They doubled from 7 to 14bn. If these NPLs aren't restructured or start performing then the Provisions [a low Provisions to NPLs ratio] will need to be bumped up by a huge margin. DTB - What more is there to say? [I don't see it as an acquisition target due to the Aga Khan ownership & community ties] I&M - A core holding for me. Profits have performed. Price has not. I am a-OK with that. My gut feeling is that of all the Tier 2 banks, I&M is one that could be acquired for its 'smallish but wealthy' client base, geographic footprint and clean loan book. Brilliant. That will certainly help. Let me dig into the results of all of them. DTB and I M, ticks more boxes than kcb, nic. Though I consider all good future investments. Thanks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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@Vvs do you see Equity having a better day in regional expansion through mobile banking cooperation with Airtel given airtel has more foot in other African countries? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 6/23/2009 Posts: 14,223 Location: nairobi
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Boris Boyka wrote:@Vvs do you see Equity having a better day in regional expansion through mobile banking cooperation with Airtel given airtel has more foot in other African countries? @vvs knows very little about banking so I will take the liberty of answering on his behalf! Equity can only achieve massive mobile success in Kenya. Even UG and TZ have refused to catch the 'mpesa' buzz.. Its a Kenyan thing for now. And to make matters worse, the tie up between KCB &SCOM has left the brown bank naked.. They will survive though.. But KCB will be head and shoulders above
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:Boris Boyka wrote:@Vvs do you see Equity having a better day in regional expansion through mobile banking cooperation with Airtel given airtel has more foot in other African countries? @vvs knows very little about banking so I will take the liberty of answering on his behalf! Equity can only achieve massive mobile success in Kenya. Even UG and TZ have refused to catch the 'mpesa' buzz.. Its a Kenyan thing for now. And to make matters worse, the tie up between KCB &SCOM has left the brown bank naked.. They will survive though.. But KCB will be head and shoulders above Memba has thrown regional expansion into the deep freezer Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Pesa Nane wrote:obiero wrote:Boris Boyka wrote:@Vvs do you see Equity having a better day in regional expansion through mobile banking cooperation with Airtel given airtel has more foot in other African countries? @vvs knows very little about banking so I will take the liberty of answering on his behalf! Equity can only achieve massive mobile success in Kenya. Even UG and TZ have refused to catch the 'mpesa' buzz.. Its a Kenyan thing for now. And to make matters worse, the tie up between KCB &SCOM has left the brown bank naked.. They will survive though.. But KCB will be head and shoulders above Memba has thrown regional expansion into the deep freezer Same thing with kk.expansion should be handled with extreme caution .
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Boris Boyka wrote:@Vvs do you see Equity having a better day in regional expansion through mobile banking cooperation with Airtel given airtel has more foot in other African countries? Yes. Equity released a 'roadmap' called Equity 3.0 2-3 years ago. And "Mobile" was the CORE of 3.0 that provided a cheaper channel for MOST of their customers. Mwangi said that not all [Corporate] customers can migrate to Mobile but most of the retail customers can move most of their banking needs online/mobile [supplemented by agents/ATMs] and the branches become 'Sales Centers' for cross-selling, etc. Airtel - It can be used to piggyback Equitel into different markets. Airtel is present in UG, TZ, RW where Equity has a presence. All Equity needs to do is tweak the menu for each market. Of course, it is not as easy as that but Equity is up to the task. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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