@guru, I agree with you entirely. In fact, the crappy dividend is only paid once a year. How can a company make 4bn and pay out 0.25m. Something must be very wrong here.

@Ericcson

It is difficult to declare a bank with multinational link like BBK as dead.If it was an indegenous bank without any secondary interest like Govt, multinationals., you would have made a valid point.

It would be hard for barclays HQ in UK to allow BBK die when more opportunities are coming and the economy is opening up.

This is just a down cycle of BBK, it will re-invent itself and move on.

For your info I am looking for 10,000 units of BBK to position for the bright future at 16.00 bob , I have already bought 5,000 units at 16.20 but I will still wait to get the balance at 16.00 bob or blow.

The situation of BBK is not as bad as Uchumi that made losses.
From my point of view , this is the time to key in at the bottom, for long standing shareholders it is better to hold it as the worst will be over in a couple of years with better focus and leadership.

Be aware KCB made a loss in year 2002, but it is a success story today.
My view is from long term perspective.

Give @the deal his props.He called it.

@stocksmaster
Your arguement does not add up in terms of miserly dividend of CFC stanbic.

There is no way that your dividend will be 6 figures when the capital gain is 7 figures !!!

Your defence of 10 cents interim dividend was not typical of you, be factual as before as nobody is perfect.

You should rather emphasize that you are playing for capital gains not income, therefore you do not care about dividend.
That sounds more logical.