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CFC completes integration
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ProverB
#21 Posted : Monday, March 22, 2010 9:29:46 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mukiha wrote:
@proverB; in another thread [http://www.wazua.co.ke/forum.aspx?g=posts&t=5551&p=6] you say you have 500k to put into five counters - and that was just Friday. Now you say you don't have cash. Are you for real?


@mukiha..get my point..i don't understand cfc...thus..it is not a considered buy for me..my question to you is based on fact idon't have cash for something sielewi..
the 5 counters i'm getting in are based on what i confidently understand..going on cfc stanbic is thus based on your word..my choice..
i preferred Diamond trust in my group of 5..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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mukiha
#22 Posted : Monday, March 22, 2010 9:37:19 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@proverB; sorry about that. I got ahead of myself and didn't realise that you were responding to my comment about the money I have in CFC. After reading the previous posts in this thread, now I see what you meant.

Again: pole.
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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sparkly
#23 Posted : Tuesday, March 23, 2010 10:15:48 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
CFC seems to be taking a beating, 40/- trade. whats going on?
Life is short. Live passionately.
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mukiha
#24 Posted : Friday, March 26, 2010 6:26:26 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Now this is weird: they have issued a profit warning....less than a week before the deadline for releasing results! Surely, why not just release the results?
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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stock.enigma
#25 Posted : Friday, March 26, 2010 7:32:15 AM
Rank: Member

Joined: 8/14/2009
Posts: 244
CFC is releasing a profit warning when almost all banks have reported. what is happening to this bank. Was it a surprise? They should already have realized the profit level they expected by Nov. More than 25% dip !!!!! What was the prfit last year?
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guru267
#26 Posted : Friday, March 26, 2010 8:10:18 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@stock.enigma the market must be factoring in this profit warning... the share is currently down 11% from its 3month range bound trading price of 44-45bob
Mark 12:29
Deuteronomy 4:16
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Fundaah
#27 Posted : Friday, March 26, 2010 9:29:23 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
Insider trading rife in this stock.....
.... & NSE...how do you explain a massive price fall before the announcement of profit warning ?

Na kweli NSE inawenyewe
Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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Surealligator
#28 Posted : Friday, March 26, 2010 9:40:49 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
@All

Did I see my own things or CFC stanbic actually had their financial results posted in a local paper two weeks ago showing a profit decline? What is the profit warning for? Is it for next financial year or first quarter? Can somebody help me out on this? They are simply unhinged.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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mukiha
#29 Posted : Friday, March 26, 2010 9:44:05 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@surealligator; those were CFC-Stanbic bank alone; not CFC-Stanbic Holdings which includes CFC Life, Heritage Ins and CFC Financial Services
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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VituVingiSana
#30 Posted : Friday, March 26, 2010 10:33:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
If the most profitable division (CFC-Stanbic Bank) has reduced profits, then the rest will contribute even further losses or reduced profits!

I am sure the old CFC shareholders (like me) wish Stanbic had never come into the picture!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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