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Exchange Bar: Results forecast
Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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obiero wrote:mibbz wrote:obiero wrote:mibbz wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B
Equity 18.6B
SCBK 13.2
COOP 12.6B
BBK 12.45B @Obiero where is the exchange bar forecast for the insurance sector? Britam,CIC,Liberty,Pan Africa and Jubilee....thanks in advance(hoping you shall get them). @mibbz sorry. i dont have reliable insiders in that financial sub sector.. All the same thanks for the good work on the banks; just wondering what do you think of co-op in 2014 considering they were doing a joint venture with Government of South Sudan and considering the current condition; shall the management retain more earnings to back up existing capital in this venture thus less dividends or? Coop shall weather the South Sudan storm and will actually post highest increase for banks as per results the forecast. Major advantage is that its operations were relatively young Coop had not invested much in SS so it lucked out vs Equity or KCB. Perhaps, when things calm down in SS, Coop can start expanding aggressively with the help of its fellow shareholder... GOSS Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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obiero wrote:mibbz wrote:obiero wrote:mibbz wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B
Equity 18.6B
SCBK 13.2
COOP 12.6B
BBK 12.45B @Obiero where is the exchange bar forecast for the insurance sector? Britam,CIC,Liberty,Pan Africa and Jubilee....thanks in advance(hoping you shall get them). @mibbz sorry. i dont have reliable insiders in that financial sub sector.. All the same thanks for the good work on the banks; just wondering what do you think of co-op in 2014 considering they were doing a joint venture with Government of South Sudan and considering the current condition; shall the management retain more earnings to back up existing capital in this venture thus less dividends or? Coop shall weather the South Sudan storm and will actually post highest increase for banks as per results the forecast. Major advantage is that its operations were relatively young Coop had not invested much in SS so it lucked out vs Equity or KCB. Perhaps, when things calm down in SS, Coop can start expanding aggressively with the help of its fellow shareholder, the Govt of South Sudan! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:obiero wrote:mibbz wrote:obiero wrote:mibbz wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B
Equity 18.6B
SCBK 13.2
COOP 12.6B
BBK 12.45B @Obiero where is the exchange bar forecast for the insurance sector? Britam,CIC,Liberty,Pan Africa and Jubilee....thanks in advance(hoping you shall get them). @mibbz sorry. i dont have reliable insiders in that financial sub sector.. All the same thanks for the good work on the banks; just wondering what do you think of co-op in 2014 considering they were doing a joint venture with Government of South Sudan and considering the current condition; shall the management retain more earnings to back up existing capital in this venture thus less dividends or? Coop shall weather the South Sudan storm and will actually post highest increase for banks as per results the forecast. Major advantage is that its operations were relatively young Coop had not invested much in SS so it lucked out vs Equity or KCB. Perhaps, when things calm down in SS, Coop can start expanding aggressively with the help of its fellow shareholder, the Govt of South Sudan! Amen :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 2/18/2011 Posts: 448
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obiero wrote:VituVingiSana wrote:obiero wrote:mibbz wrote:obiero wrote:mibbz wrote:obiero wrote:Here are the full year 2013 PBT figures:
Roar 18.9B
Equity 18.6B
SCBK 13.2
COOP 12.6B
BBK 12.45B @Obiero where is the exchange bar forecast for the insurance sector? Britam,CIC,Liberty,Pan Africa and Jubilee....thanks in advance(hoping you shall get them). @mibbz sorry. i dont have reliable insiders in that financial sub sector.. All the same thanks for the good work on the banks; just wondering what do you think of co-op in 2014 considering they were doing a joint venture with Government of South Sudan and considering the current condition; shall the management retain more earnings to back up existing capital in this venture thus less dividends or? Coop shall weather the South Sudan storm and will actually post highest increase for banks as per results the forecast. Major advantage is that its operations were relatively young Coop had not invested much in SS so it lucked out vs Equity or KCB. Perhaps, when things calm down in SS, Coop can start expanding aggressively with the help of its fellow shareholder, the Govt of South Sudan! Amen :) whats your view on SCBK;is 400 within sight esp with expected results?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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BBK FY13 results coming up on Thus, 6 February 2014
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Car & General touches 37.5 bob....  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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guru267 wrote:Car & General touches 37.5 bob.... Small quantities. That said, if the firm can get its act together and expand into the rural areas, at a reasonable cost, there is a great future. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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reporting season now in sight.. patiently waiting for coop bank breakout
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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obiero wrote:reporting season now in sight.. patiently waiting for coop bank breakout I noticed you changed your 19bob KQ target date from March 2014 to the results announcement day??  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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guru267 wrote:obiero wrote:reporting season now in sight.. patiently waiting for coop bank breakout I noticed you changed your 19bob KQ target date from March 2014 to the results announcement day?? yes. virtually guaranteed by results announcement, but do not be shocked if it happens earlier
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Dont be surprised if hfck sets the pace this week. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:BBK FY13 results coming up on Thus, 6 February 2014 KCB's coming up on Thus, 27th February 2014
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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mwekez@ji wrote:mwekez@ji wrote:BBK FY13 results coming up on Thus, 6 February 2014 KCB's coming up on Thus, 27th February 2014 cheers for the head's up
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Wikileaks; Kenyan Banking Sector Performance For the year 2013, the Kenyan Banking Sector recorded continued growth. Some of the sector’s performance indicators are as follows: • The aggregate balance sheet increased by 16.17 percent from Kshs 2.35 trillion in December 2012 to Kshs 2.73 trillion in December 2013. • Gross loans expanded by 17.65 percent from Kshs 1.36 trillion in December 2012 to Kshs 1.60 trillion in December 2013. • Deposits grew by 12.50 percent from Kshs 1.76 trillion in December 2012 to Kshs 1.98 trillion in December 2013. • Total shareholders’ funds increased by 18.91 percent from Kshs 362.86 billion in December 2012 to Kshs 431.49 billion in December 2013. • Total income increased by 1.53 percent from Kshs 352.52 billion in December 2012 to Kshs 357.90 billion in December 2013 while total expenses decreased by 4.71 percent from Kshs 244.84 billion in December 2012 to Kshs 233.32 billion in December 2013. • Interest income on loans fell by 3.57% in 2013 to Kshs 211.19 billion down from Kshs 219.01 billion in 2012. This is a reflection of declining lending rates in 2013. • Interest expenses on deposits fell by 27.38 % to Kshs 72.13 billion in 2013 down from Kshs 99.32 billion in 2012. This is attributable to a decline in the cost of deposits in 2013. • Unaudited pre-tax profits stood at Kshs 107.68 billion for 31st December 2012 compared to Kshs 124.57 billion for 31st December 2013 recording an increase of 16.89 per cent. The growth in banking sector was accompanied by an upsurge in credit risk with the gross non-performing loans increasing by 30.91 percent from Kshs 61.56 billion in December 2012 to Kshs 80.59 billion in December 2013. https://www.centralbank.go.ke/im..._THE_YEAR_ENDED_2013.pdf
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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Not even 20% growth in PBT... Some banks are going to report a rough 2013. And so in 2014, expect some 'consolidation' i.e. reduction in staff, slowdown in new branch openings, slower EAC expansion... and some Capital Raising... including Rights Issues & Bonds. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Wikileaks; Kenyan Banking Sector Performance For the year 2013, the Kenyan Banking Sector recorded continued growth. Some of the sector’s performance indicators are as follows: • The aggregate balance sheet increased by 16.17 percent from Kshs 2.35 trillion in December 2012 to Kshs 2.73 trillion in December 2013. • Gross loans expanded by 17.65 percent from Kshs 1.36 trillion in December 2012 to Kshs 1.60 trillion in December 2013. • Deposits grew by 12.50 percent from Kshs 1.76 trillion in December 2012 to Kshs 1.98 trillion in December 2013. • Total shareholders’ funds increased by 18.91 percent from Kshs 362.86 billion in December 2012 to Kshs 431.49 billion in December 2013. • Total income increased by 1.53 percent from Kshs 352.52 billion in December 2012 to Kshs 357.90 billion in December 2013 while total expenses decreased by 4.71 percent from Kshs 244.84 billion in December 2012 to Kshs 233.32 billion in December 2013. • Interest income on loans fell by 3.57% in 2013 to Kshs 211.19 billion down from Kshs 219.01 billion in 2012. This is a reflection of declining lending rates in 2013. • Interest expenses on deposits fell by 27.38 % to Kshs 72.13 billion in 2013 down from Kshs 99.32 billion in 2012. This is attributable to a decline in the cost of deposits in 2013. • Unaudited pre-tax profits stood at Kshs 107.68 billion for 31st December 2012 compared to Kshs 124.57 billion for 31st December 2013 recording an increase of 16.89 per cent. The growth in banking sector was accompanied by an upsurge in credit risk with the gross non-performing loans increasing by 30.91 percent from Kshs 61.56 billion in December 2012 to Kshs 80.59 billion in December 2013. https://www.centralbank.go.ke/im..._THE_YEAR_ENDED_2013.pdf Ma bad..  (previous post).
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Cde Monomotapa wrote:mwekez@ji wrote:Wikileaks; Kenyan Banking Sector Performance For the year 2013, the Kenyan Banking Sector recorded continued growth. Some of the sector’s performance indicators are as follows: • The aggregate balance sheet increased by 16.17 percent from Kshs 2.35 trillion in December 2012 to Kshs 2.73 trillion in December 2013. • Gross loans expanded by 17.65 percent from Kshs 1.36 trillion in December 2012 to Kshs 1.60 trillion in December 2013. • Deposits grew by 12.50 percent from Kshs 1.76 trillion in December 2012 to Kshs 1.98 trillion in December 2013. • Total shareholders’ funds increased by 18.91 percent from Kshs 362.86 billion in December 2012 to Kshs 431.49 billion in December 2013. • Total income increased by 1.53 percent from Kshs 352.52 billion in December 2012 to Kshs 357.90 billion in December 2013 while total expenses decreased by 4.71 percent from Kshs 244.84 billion in December 2012 to Kshs 233.32 billion in December 2013. • Interest income on loans fell by 3.57% in 2013 to Kshs 211.19 billion down from Kshs 219.01 billion in 2012. This is a reflection of declining lending rates in 2013. • Interest expenses on deposits fell by 27.38 % to Kshs 72.13 billion in 2013 down from Kshs 99.32 billion in 2012. This is attributable to a decline in the cost of deposits in 2013. • Unaudited pre-tax profits stood at Kshs 107.68 billion for 31st December 2012 compared to Kshs 124.57 billion for 31st December 2013 recording an increase of 16.89 per cent. The growth in banking sector was accompanied by an upsurge in credit risk with the gross non-performing loans increasing by 30.91 percent from Kshs 61.56 billion in December 2012 to Kshs 80.59 billion in December 2013. https://www.centralbank.go.ke/im..._THE_YEAR_ENDED_2013.pdf Ma bad.. (previous post). thanks comrade
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@VVS, +17% is good run rate. May the market tell ;)
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Rank: Chief Joined: 1/3/2007 Posts: 18,060 Location: Nairobi
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mwekez@ji wrote:@VVS, +17% is good run rate. May the market tell ;) We have been spoilt by +30% in the recent past Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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