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obiero
#971 Posted : Wednesday, May 16, 2018 4:36:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Net Loans and Advances: Up 6%

KQ ABP 4.26
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murchr
#972 Posted : Wednesday, May 16, 2018 4:37:39 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
obiero wrote:
Total Assets: Up 7%


I trust you on this one, should I buy? Too exposed in the financial sector tho - DTK, NIC, Coop and the trash that is HFCK
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Ericsson
#973 Posted : Wednesday, May 16, 2018 4:44:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
KCB Group Plc net profit up by 14% to Sh5.18 Billion for the 3-month period ending March 2018

The Total Assets were up 7% from Sh605.7B to Sh647.4B with Net Loans and Advances increasing by 6% from Sh395.4B to Sh418.6B

The customer deposits were up 9% from Sh457B to Sh496B with the Long term debt funding down 5% from Sh23.5B to Sh22.5B

The Net Interest Income was up 10% from Sh10.3B to Sh11.4B with the Provisions for bad debts down 37% from Sh958M to Sh600M
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Wednesday, May 16, 2018 4:46 PM | Reason: Not specified
mlennyma
#974 Posted : Wednesday, May 16, 2018 4:50:45 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
KCB Group Plc net profit up by 14% to Sh5.18 Billion for the 3-month period ending March 2018

The Total Assets were up 7% from Sh605.7B to Sh647.4B with Net Loans and Advances increasing by 6% from Sh395.4B to Sh418.6B

The customer deposits were up 9% from Sh457B to Sh496B with the Long term debt funding down 5% from Sh23.5B to Sh22.5B

The Net Interest Income was up 10% from Sh10.3B to Sh11.4B with the Provisions for bad debts down 37% from Sh958M to Sh600M

the few remaining stocks you can put some money ,interim dividend might come at half year
"Don't let the fear of losing be greater than the excitement of winning."
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  | | Edit by user: Wednesday, May 16, 2018 4:52 PM | Reason: Not specified
obiero
#975 Posted : Wednesday, May 16, 2018 5:25:08 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.

KQ ABP 4.26
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VituVingiSana
#976 Posted : Wednesday, May 16, 2018 8:20:21 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#977 Posted : Wednesday, May 16, 2018 9:16:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.

Whatever makes you sleep mzee

KQ ABP 4.26
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Angelica _ann
#978 Posted : Wednesday, May 16, 2018 9:28:45 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#979 Posted : Wednesday, May 16, 2018 9:37:09 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic

KQ ABP 4.26
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VituVingiSana
#980 Posted : Wednesday, May 16, 2018 10:26:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
obiero wrote:
Angelica _ann wrote:
VituVingiSana wrote:
obiero wrote:
KQ helping its shareholder KCB by narrowing provisions for bad debts: Down 37% from KShs. 958Mn to KShs. 600Mn.
Not true. KCB converted a loan (probably secured) to (unsecured) equity.


Not reverse, asking for a friend?

It's as @vvs has stated but why he believes it would have no impact on provisions defeats logic
Substance over Form. Yes, it probably reduced the provisions but not because there were recoveries or regularization of the loans. The Capital Ratios took a hit. "Equity" investments in entities like KQLC are not included in critical Capital Ratios calculations.

If all the NPLs for any bank were converted to shares in (bankrupt) firms, would the bank become healthier?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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