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Surealligator		#31 Posted : Friday, March 26, 2010 10:43:48 AM
Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab		@Mukiha Thanks men. That now makes sense. All in all, this South Africans seem doomed wherever they put up shop in Kenya. 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		#32 Posted : Friday, March 26, 2010 11:09:39 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		VituVingiSana wrote: ....I am sure the old CFC shareholders (like me) wish Stanbic had never come into the picture! Amen to that! I hope they don't go the way of East African Magazines 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		#33 Posted : Friday, March 26, 2010 11:33:17 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@mukiha - Well, I hope we beat them in the IRB HongKong match for Pool F Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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mukiha		#34 Posted : Friday, March 26, 2010 12:05:25 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		I once made a kill on this CFC thing - when it changed from Credit Finance Corporation to CFC Bank. I believe it still has some magic and I will continue increasing my holding despite the short term dismal performance. 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		#35 Posted : Sunday, March 28, 2010 6:40:34 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		mukiha wrote: VituVingiSana wrote: ....I am sure the old CFC shareholders (like me) wish Stanbic had never come into the picture! Amen to that! I hope they don't go the way of East African Magazines The chief culprit must be cfc financial services, paying fat salaries to the management and financial analysts, terminal dues to the released staff, share of T24 costs amidst minimal revenue. They need to simplify that corporate structure fast otherwise you can't tell where the hits are coming from. For now i buy in pole pole watching how far the price can go. Life is short. Live passionately.
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VituVingiSana		#36 Posted : Sunday, March 28, 2010 10:00:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		sparkly wrote: mukiha wrote: VituVingiSana wrote: ....I am sure the old CFC shareholders (like me) wish Stanbic had never come into the picture! Amen to that! I hope they don't go the way of East African Magazines The chief culprit must be cfc financial services, paying fat salaries to the management and financial analysts, terminal dues to the released staff, share of T24 costs amidst minimal revenue. They need to simplify that corporate structure fast otherwise you can't tell where the hits are coming from. For now i buy in pole pole watching how far the price can go. Financial Services is a small piece of the CFC Stanbic puzzle. The stunted growth seems to be from the insurance firms... but we need to wait for the results. They have to release by 31 March 2010. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#37 Posted : Monday, March 29, 2010 5:16:02 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		@ vvs well atleast the south africans managed to beat kenya twice in the irb sevens in hong kong that shows u r not yet st their level yet...yep i agree i think the problem is the insurance division no wonder they want to list it as a separate entity...
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VituVingiSana		#38 Posted : Monday, March 29, 2010 9:42:31 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@thedeal - On rugby sevens, I have to concede to the Springboks... They whacked us twice in as many days... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#39 Posted : Monday, March 29, 2010 10:08:05 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		CFC stanbic have issued a profit warning expecting a 25% decline in profits... if this isnt old news then that cant be good for the share price!!! Mark 12:29 Deuteronomy 4:16
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the deal		#40 Posted : Monday, March 29, 2010 11:43:12 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		cfc financial services made a loss of approx 60% last year...i saw their results in the daily nation...
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