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Exchange Bar: Results forecast
obiero
#1161 Posted : Saturday, November 26, 2016 5:29:45 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Ebenyo wrote:
murchr wrote:
@Obiero I see you are taking coop very seriously.


He wants to become a pastor just like md Gedion Muriuki who received a christian award yesterday!

Watch the issued share, dividend yield and year to year growth rate in KPIs

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Kausha
#1162 Posted : Sunday, November 27, 2016 9:36:55 AM
Rank: Member


Joined: 2/8/2007
Posts: 808
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.
lochaz-index
#1163 Posted : Monday, November 28, 2016 6:43:16 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.
The main purpose of the stock market is to make fools of as many people as possible.
Mainat
#1164 Posted : Monday, November 28, 2016 6:58:18 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
I thought basic accounting is that since you consolidate a subsidiary, any writedowns in the balance sheet i.e. in form of fx devalaution et al will show up in your equity?

lochaz-index wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.

Sehemu ndio nyumba
guru267
#1165 Posted : Monday, November 28, 2016 8:06:29 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
lochaz-index wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.



I thought banks wrote down over half of SS assets in 2015.

Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets.
Mark 12:29
Deuteronomy 4:16
obiero
#1166 Posted : Monday, November 28, 2016 8:19:50 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
guru267 wrote:
lochaz-index wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.



I thought banks wrote down over half of SS assets in 2015.

Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets.

@guru has spoken the truth

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#1167 Posted : Monday, November 28, 2016 1:34:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Q3 2016,figures in KES B:
Equity 21.6 Actual 21.5
KCB 21.4 Actual 22.9
COOP 15.1 Actual 15.2
SCBK 11.3
BBK 8.9 Actual 8.7
DTB 7.9 Actual 7.8
I&M 7.2 Actual 7.3
CFC 5.2 Actual 4.8
NIC 5.1 Actual 4.7
HFCK 1.4 Actual 1.2
NBK 0.67 Actual 0.74
The exchange bar remains true to form. Ever guiding the keen trader to greener pastures. Even as we await SCBK, it's clear that the smaller banks are in a race to the bottom, while the big 3 are putting daylight between them and the others

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
mlennyma
#1168 Posted : Monday, November 28, 2016 7:28:08 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
I will believe you if you get the Q1 and H1 2017 results
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#1169 Posted : Monday, November 28, 2016 7:30:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
mlennyma wrote:
I will believe you if you get the Q1 and H1 2017 results

It's not me you need to trust, but the exchange bar

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
Angelica _ann
#1170 Posted : Monday, November 28, 2016 7:35:17 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
obiero wrote:
mlennyma wrote:
I will believe you if you get the Q1 and H1 2017 results

It's not me you need to trust, but the exchange bar

This bit @obiero has done well.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Kausha
#1171 Posted : Monday, November 28, 2016 7:36:21 PM
Rank: Member


Joined: 2/8/2007
Posts: 808
obiero wrote:
guru267 wrote:
lochaz-index wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.



I thought banks wrote down over half of SS assets in 2015.

Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets.

@guru has spoken the truth

There are two sets of write downs.the first is the operations related the fx losses and damaged assets. the next is the money they have at Boss. none of them has impaired this.
lochaz-index
#1172 Posted : Monday, November 28, 2016 8:22:06 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Mainat wrote:
I thought basic accounting is that since you consolidate a subsidiary, any writedowns in the balance sheet i.e. in form of fx devalaution et al will show up in your equity?

lochaz-index wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.


Yes, they will show up in the bottom line. The problem for fx losses is the rate used by KE banks (carrying rate) vs the market determined one at the time of reporting. They were all off the mark and by quite some distance. This suppressed the actual losses.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#1173 Posted : Monday, November 28, 2016 8:59:33 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
guru267 wrote:
lochaz-index wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

Agreed. None of KE's banks is forthright when it comes to valuation of their SS holding. It should be a complete write down in most if not all cases. Is the regulator complicit by turning a blind eye? Banks should not be allowed to carry dullard subsidiaries at such a high premium relative to fair value.



I thought banks wrote down over half of SS assets in 2015.

Plus in terms of materiality guys like Co op would not be hurt in the slightest if they wrote off SS assets.

They did but it didn't reflect fair value at the time vis a vis the SSP rate used in preparation of the books.

Even assuming that they correctly accounted for the losses back then, the SSP is still on a nosedive to date and for all practical purposes it maybe useless, meaning more fx write downs for the current accounting period.

If Coop's losses in SS were immaterial they shouldn't have hesitated to account for them fully. After all the damage would have been negligible.

Looking at it realistically(after the initial write downs), can any of the banks manage to recoup the carrying value (as indicated in their books) of their SS holdings? I very much doubt it. They still have some write offs to book from that end.
The main purpose of the stock market is to make fools of as many people as possible.
watesh
#1174 Posted : Tuesday, November 29, 2016 8:45:30 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 955
Location: Kenya
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

I thought they all stopped lending and whoever controls the UN & others dollars still makes money.
The oil crash has really crippled SS, its barely making any money from oil since the vast majority goes to Sudan.
VituVingiSana
#1175 Posted : Tuesday, November 29, 2016 9:35:50 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,056
Location: Nairobi
watesh wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

I thought they all stopped lending and whoever controls the UN & others dollars still makes money.
The oil crash has really crippled SS, its barely making any money from oil since the vast majority goes to Sudan.

After seeing the stupidity in SS, the less that goes to GOSS to buy weapons used to kill its own people, the better!

There was so much hope when SS became independent. All washed away. 1000s dead. Millions displaced.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#1176 Posted : Tuesday, November 29, 2016 9:51:40 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
VituVingiSana wrote:
watesh wrote:
Kausha wrote:
South Sudan yet to be written off. Until that happens I wouldn't touch Coop simba and muiganania.

I thought they all stopped lending and whoever controls the UN & others dollars still makes money.
The oil crash has really crippled SS, its barely making any money from oil since the vast majority goes to Sudan.

After seeing the stupidity in SS, the less that goes to GOSS to buy weapons used to kill its own people, the better!

There was so much hope when SS became independent. All washed away. 1000s dead. Millions displaced.

I have said it here before, Africa is cursed.. But with prayer, we can be delivered

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
obiero
#1177 Posted : Tuesday, November 29, 2016 9:57:39 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Q3 2016,figures in KES B:
Equity 21.6 Actual 21.5
KCB 21.4 Actual 22.9
COOP 15.1 Actual 15.2
SCBK 11.3 Actual 11.1
BBK 8.9 Actual 8.7
DTB 7.9 Actual 7.8
I&M 7.2 Actual 7.3
CFC 5.2 Actual 4.8
NIC 5.1 Actual 4.7
HFCK 1.4 Actual 1.2
NBK 0.67 Actual 0.74
Q4 coming up in a few weeks.. The exchange bar will as usual have it right here, even before the board signs off on the financials

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
VituVingiSana
#1178 Posted : Tuesday, November 29, 2016 11:08:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,056
Location: Nairobi
Will Equity have to NPL $10mn lent to Shelter Afrique?
http://www.theeastafrica...67564-6b9q39/index.html

"Documents seen by The EastAfrican show that Shelter Afrique borrowed $10 million from Equity Bank in August this year for a one-year tenor pegged at 15 per cent."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#1179 Posted : Tuesday, November 29, 2016 11:29:48 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
VituVingiSana wrote:
Will Equity have to NPL $10mn lent to Shelter Afrique?
http://www.theeastafrica...67564-6b9q39/index.html

"Documents seen by The EastAfrican show that Shelter Afrique borrowed $10 million from Equity Bank in August this year for a one-year tenor pegged at 15 per cent."

So these IM for sourcing money from the public are doctored / fake yet approving authorities don't realise the same!!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ebenyo
#1180 Posted : Wednesday, November 30, 2016 5:56:54 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
VituVingiSana wrote:
Will Equity have to NPL $10mn lent to Shelter Afrique?
http://www.theeastafrica...67564-6b9q39/index.html

"Documents seen by The EastAfrican show that Shelter Afrique borrowed $10 million from Equity Bank in August this year for a one-year tenor pegged at 15 per cent."


Equity will have to study their books first and do due delligence.
Towards the goal of financial freedom
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