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CFC FY2014 results PBT up 7% (lacklustre)
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lochaz-index
#61 Posted : Friday, May 22, 2015 12:45:12 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
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!


Indeed the decrease in non-interest income did the damage so it may not be indicative of the whole sector but the NPL spike from Q3 2014 yet they reduce loan loss provision might undo any significant profit increase come year end. This is shaping up as a flat or bad year for the financials.
The main purpose of the stock market is to make fools of as many people as possible.
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ike
#62 Posted : Friday, May 22, 2015 3:38:50 PM
Rank: Member

Joined: 7/2/2014
Posts: 123
mwekez@ji wrote:
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


but at the rate at which everybody is in the stock market such news should start being breaking news, or better still we could have a free to air channel dedicated to financials. I.O.N this is why I prefer short term trading to long term investing because less than 2 years ago this was the company to watch
,
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obiero
#63 Posted : Friday, May 22, 2015 9:32:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,228
Location: nairobi
I warned u guys.. Check the kcb buy buy buy thread
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MaichBlack
#64 Posted : Friday, May 22, 2015 9:40:15 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
obiero wrote:
I warned u guys.. Check the kcb buy buy buy thread

Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki wewe wachana na Jamesons ya Kariobangi!!!
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
#65 Posted : Friday, May 22, 2015 9:44:32 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
Na ni warning gani unasema @Obiero?? Aren't you the one who posted this 1st Quarter predictions on April 21st 2015??? Take a look at your prediction for CFC!

obiero wrote:
Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2
SCBK 4.4
COOP 3.9
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35


Link: Post# 652
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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obiero
#66 Posted : Friday, May 22, 2015 9:44:42 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,228
Location: nairobi
MaichBlack wrote:
obiero wrote:
I warned u guys.. Check the kcb buy buy buy thread

Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki we wachana na Jamesons ya Kariobangi!!!

Haha. Jamesons yangu ni triple distilled bwana..
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kryptonite
#67 Posted : Saturday, May 23, 2015 11:09:01 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
obiero wrote:
MaichBlack wrote:
obiero wrote:
I warned u guys.. Check the kcb buy buy buy thread

Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki we wachana na Jamesons ya Kariobangi!!!

Haha. Jamesons yangu ni triple distilled bwana..


Haha! Obiero you're the Mayweather of Wazua.
Bobbing and weaving away skilfully
The harder you work, the luckier you get
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obiero
#68 Posted : Saturday, May 23, 2015 12:33:29 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,228
Location: nairobi
MaichBlack wrote:
Na ni warning gani unasema @Obiero?? Aren't you the one who posted this 1st Quarter predictions on April 21st 2015??? Take a look at your prediction for CFC!

obiero wrote:
Q1 PBT in KES 'B
KCB 6.5
EQTY 6.2
SCBK 4.4
COOP 3.9
BBK 3.6
DTB 2.76
CFC 2.6
NIC 1.86
NBK 0.5
HFCK 0.35


Link: Post# 652

I projected a flat growth, but the real devil has shown up..
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maka
#69 Posted : Saturday, May 23, 2015 8:52:28 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
MaichBlack wrote:
obiero wrote:
I warned u guys.. Check the kcb buy buy buy thread

Last time I checked @Obiero, you knew how to put a link (and state the post#)!!! You expect us to go through a whole buy buy buy thread looking for some warning!! Haki we wachana na Jamesons ya Kariobangi!!!

Haha. Jamesons yangu ni triple distilled bwana..


Boss kunywa Gentleman Jack where do we send it?smile
possunt quia posse videntur
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heri
#70 Posted : Thursday, May 28, 2015 12:57:03 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
My goodness, this haircut is painful!!

With 60% of my investment being in this counter, the pain of watching the price move from 140s to now seemingly below 100s is too much

i bought at kshs 66 2 years ago.

Painful lessons . But i never imagined their performance could turn out so badly so fast
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