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Wai!! it is a blood bath, kcb, coop, equity down 9%
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hisah
#291 Posted : Tuesday, August 30, 2016 4:02:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sir invest wrote:
Who has the link to the NSE stock demand and supply live.......share.

Rich Live
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Goldilocks Reloaded
#292 Posted : Tuesday, August 30, 2016 5:40:13 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
Impunity wrote:
watesh wrote:
Goldilocks Reloaded wrote:
I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).

On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits?

CREDIT CARDS thats where the margins are. 242 million credit card purchase were made in the UK in just November. 45% of the amount spend incurred interest. Average interest rates are 10.4%.
In the US the most profitable banks Jp Morgan Chase, Wells Fargo, Citigroup have a large portion of income from investment banking.
Lets look at JP Morgan & Chase which owns the Chase brand in the US which big in retail banking and credit cards. Over 60 million households.
45% of their revenue was from retail banking (general mwananchi products like credit cards, loans, mortgages etc)
35% from investment banking
13% from asset management
7% from commercial and corporate banking

Generally in terms of income 46% is from net interest income while 54% is from non interest income (fees)
In Wells Fargo (biggest in retail) 53% net interest income while 47% non interest income
35%


How many Kenyans with bank account have CREDIT cards?

MEAGER!!!!!!!!




@Watesh the analysis is very well received. Our banks still have a lot of learning and business model rethinking to do to get to that level. I spent some time in UK and credit cards were being sent daily through mail packaged with very enticing niceties as if it was the best Christmas gift a bank can give you. This drove and continues to drive uptake of credit cards in those economies. Don't be surprised to see this as a new warfront for the banks. It already started but will intensify. Woe unto those who fall into the credit card trap as it is a pit that only gets deeper unless you have other solid sources of revenue and a vault full of discipline.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Goldilocks Reloaded
#293 Posted : Tuesday, August 30, 2016 5:45:36 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
obiero wrote:
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...

And to imagine that I sold KCB at KES 61


@Obiero i fell into the trap of holding Equity and Simba at post 55 (i became quite passive unintentionally as the prices fell). That is why I am not selling at sub-40. Been accumulating more as the prices have been going down. I would rather write-off (forget) the amount for the next 10 years than sell at these prices. Am accumulating even more.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Aguytrying
#294 Posted : Tuesday, August 30, 2016 6:15:10 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Goldilocks Reloaded wrote:
obiero wrote:
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...

And to imagine that I sold KCB at KES 61


@Obiero i fell into the trap of holding Equity and Simba at post 55 (i became quite passive unintentionally as the prices fell). That is why I am not selling at sub-40. Been accumulating more as the prices have been going down. I would rather write-off (forget) the amount for the next 10 years than sell at these prices. Am accumulating even more.


The big boys have come out to play yesterday and today.
Meanwhile Today I joined member properly! Shoot first ask questions last. Like @Goldilocks. I'm keeping them for a very long time. If it goes lower like say 20.00 I'll buy more. Was too hard to ignore at these prices and has been a target of mine for a long long time.
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Tuesday, August 30, 2016 6:16 PM | Reason: Not specified
obiero
#295 Posted : Tuesday, August 30, 2016 6:49:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Aguytrying wrote:
Goldilocks Reloaded wrote:
obiero wrote:
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...

And to imagine that I sold KCB at KES 61


@Obiero i fell into the trap of holding Equity and Simba at post 55 (i became quite passive unintentionally as the prices fell). That is why I am not selling at sub-40. Been accumulating more as the prices have been going down. I would rather write-off (forget) the amount for the next 10 years than sell at these prices. Am accumulating even more.


The big boys have come out to play yesterday and today.
Meanwhile Today I joined member properly! Shoot first ask questions last. Like @Goldilocks. I'm keeping them for a very long time. If it goes lower like say 20.00 I'll buy more. Was too hard to ignore at these prices and has been a target of mine for a long long time.

@Goldi @aguy it's time to buy

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MaichBlack
#296 Posted : Tuesday, August 30, 2016 7:31:49 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Goldilocks Reloaded wrote:
Impunity wrote:
watesh wrote:
Goldilocks Reloaded wrote:
I am not a prophet like @Obiero but as i said yesterday the bottom is nigh. The banks may still experience selling pressure as the bears especially the foreigners rush to sell to the new bulls but the price should stabilise here before heading up (depending on the results of course).

On another note; someone educate me (not a guru in this), in UK and other such countries where interest rate margins are very small, how do the likes of BBK and SCBK make their profits?

CREDIT CARDS thats where the margins are. 242 million credit card purchase were made in the UK in just November. 45% of the amount spend incurred interest. Average interest rates are 10.4%.
In the US the most profitable banks Jp Morgan Chase, Wells Fargo, Citigroup have a large portion of income from investment banking.
Lets look at JP Morgan & Chase which owns the Chase brand in the US which big in retail banking and credit cards. Over 60 million households.
45% of their revenue was from retail banking (general mwananchi products like credit cards, loans, mortgages etc)
35% from investment banking
13% from asset management
7% from commercial and corporate banking

Generally in terms of income 46% is from net interest income while 54% is from non interest income (fees)
In Wells Fargo (biggest in retail) 53% net interest income while 47% non interest income
35%


How many Kenyans with bank account have CREDIT cards?

MEAGER!!!!!!!!




@Watesh the analysis is very well received. Our banks still have a lot of learning and business model rethinking to do to get to that level. I spent some time in UK and credit cards were being sent daily through mail packaged with very enticing niceties as if it was the best Christmas gift a bank can give you. This drove and continues to drive uptake of credit cards in those economies. Don't be surprised to see this as a new warfront for the banks. It already started but will intensify. Woe unto those who fall into the credit card trap as it is a pit that only gets deeper unless you have other solid sources of revenue and a vault full of discipline.

Barclays Bank had started hawking credit cards some years back. I found one of their "marketing executives" trying to sign up our watchman. And the guy was almost signing up. He had been fed with lofty bullsh!t that he had totally bought. Selling points - He doesn't have to apply for advance anymore. He can simply go to an ATM and withdraw (to be deducted from the salary). He doesn't have to stress about school fees. He can simply use the card. Bla bla bla. The guy couldn't wait to sign. Wacha I explained to the watchman what he was about to get himself into!!! The Barclays Bank fellow felt like killing me!
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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MaichBlack
#297 Posted : Tuesday, August 30, 2016 7:41:40 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
obiero wrote:
Aguytrying wrote:
Goldilocks Reloaded wrote:
obiero wrote:
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...

And to imagine that I sold KCB at KES 61


@Obiero i fell into the trap of holding Equity and Simba at post 55 (i became quite passive unintentionally as the prices fell). That is why I am not selling at sub-40. Been accumulating more as the prices have been going down. I would rather write-off (forget) the amount for the next 10 years than sell at these prices. Am accumulating even more.


The big boys have come out to play yesterday and today.
Meanwhile Today I joined member properly! Shoot first ask questions last. Like @Goldilocks. I'm keeping them for a very long time. If it goes lower like say 20.00 I'll buy more. Was too hard to ignore at these prices and has been a target of mine for a long long time.

@Goldi @aguy it's time to buy

Loading my account kesho. I hope the take off is not as crazy as the slide. I want to add Member and HF. Na Co-op pia.

I have been eyeing KCB too but I might not buy in this first round. I want to throw stupid money at Equity. HF I should also add substantially given that at one point I was waiting for 20/=.

Luckily, just like you guys, I am not investing grocery money!!!
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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muandiwambeu
#298 Posted : Tuesday, August 30, 2016 11:46:12 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Goldilocks Reloaded wrote:
obiero wrote:
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...
ilocks
And to imagine that I sold KCB at KES 61


@Obiero i fell into the trap of holding Equity and Simba at post 55 (i became quite passive unintentionally as the prices fell). That is why I am not selling at sub-40. Been accumulating more as the prices have been going down. I would rather write-off (forget) the amount for the next 10 years than sell at these prices. Am accumulating even more.

@goldilocksz why not just hold till dust settles than chase the demon to hell.
,Behold, a sower went forth to sow;....
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PKoli
#299 Posted : Tuesday, August 30, 2016 11:46:27 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...

I think kcb and equity will be comfortably in the 30s zone by end of Friday this week.
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PKoli
#300 Posted : Tuesday, August 30, 2016 11:48:13 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
instinct wrote:
watesh wrote:
KCB supply has dried up at the moment just around 150k shares up for grabs



any move towards 30 will be violently resisted...

I think kcb and equity will be comfortably in the 30s zone by end of Friday this week.
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