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CFC FY2014 results PBT up 7% (lacklustre)
ayushnehra
#51 Posted : Thursday, May 21, 2015 11:58:56 PM
Rank: Member

Joined: 1/4/2015
Posts: 153
BOOKS CLOSURE?
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
kryptonite
#52 Posted : Friday, May 22, 2015 8:39:17 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
Why don't they just announce book closure? What's with the dillydallying?
The harder you work, the luckier you get
Ericsson
#53 Posted : Friday, May 22, 2015 8:41:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
xxxxx
#54 Posted : Friday, May 22, 2015 8:48:21 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015


RINK???
heri
#55 Posted : Friday, May 22, 2015 8:53:59 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015


wow, such a huge drop. They have moved from very high growth in profits to such big drop!

i should have sold this share but i guess its too late to sell now
xxxxx
#56 Posted : Friday, May 22, 2015 11:03:30 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
heri wrote:
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015


wow, such a huge drop. They have moved from very high growth in profits to such big drop!

i should have sold this share but i guess its too late to sell now


DN or standard
hisah
#57 Posted : Friday, May 22, 2015 11:19:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015

Whoa! That's 24.8% down?! If H1 maintains those readings we're talking a likely profit warning alert!?

This financial sector, watch it keenly...
i
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mwekez@ji
#58 Posted : Friday, May 22, 2015 11:23:04 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
xxxxx wrote:
heri wrote:
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015


wow, such a huge drop. They have moved from very high growth in profits to such big drop!

i should have sold this share but i guess its too late to sell now


DN or standard


DN, pg 21
mwekez@ji
#59 Posted : Friday, May 22, 2015 11:29:34 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015

Whoa! That's 24.8% down?! If H1 maintains those readings we're talking a likely profit warning alert!?

This financial sector, watch it keenly...
i


For CFC, blame the plunge in Non Interest Income. They have tried to massage the numbers by cutting loan loss provision significantly yet NPL are on the increase, not good!
heri
#60 Posted : Friday, May 22, 2015 12:44:04 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
mwekez@ji wrote:
hisah wrote:
Ericsson wrote:
In todays newspaper they have published 2015 Q1 results.
profits before tax fell from ksh.2.172bn in Q1 2014 to ksh.1.632bn in Q1 2015

Whoa! That's 24.8% down?! If H1 maintains those readings we're talking a likely profit warning alert!?

This financial sector, watch it keenly...
i


For CFC, blame the plunge in Non Interest Income. They have tried to massage the numbers by cutting loan loss provision significantly yet NPL are on the increase, not good!



so the only thing keeping this share above 110 is the dividend. i cannot believe the paper loss considering it touched 140s
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