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Exchange Bar: Results forecast
Rank: Elder Joined: 12/7/2012 Posts: 11,901
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obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! 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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Angelica _ann wrote:obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! ABSA? On SCBK?
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! ABSA? On SCBK? Samehea ni mkongwe Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! ABSA? On SCBK? Samehea ni mkongwe I know what I wrote. BBK presented vert poor results therefore I hope ABSA is cleaning the inherited poor perfourming loans. While other Banks are cooks cc. You know I yourselves. 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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! ABSA? On SCBK? Samehea ni mkongwe I know what I wrote. BBK presented vert poor results therefore I hope ABSA is cleaning the inherited poor perfourming loans. While other Banks are cooks cc. You know I yourselves. Cleaning up of a bank's bad book would involve write off that would reduce the NPL. In this case of BBK, we see a rise in the non performing portion of their loan book to KES 3.2B
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! ABSA? On SCBK? Samehea ni mkongwe I know what I wrote. BBK presented vert poor results therefore I hope ABSA is cleaning the inherited poor perfourming loans. While other Banks are cooks cc. You know I yourselves. That wasn't a book cleaning exercise. Rather they ramped up lending in Q2 and got burned. Macros don't support retail lending. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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lochaz-index wrote:Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:Stanchart Pre-tax profits up 35%.
Interest income from government Securities up 15%
Interest income from loans and advances down 2% Bad loans up 11% Clearly shows ABSA is cleaning books. Great!!! ABSA? On SCBK? Samehea ni mkongwe I know what I wrote. BBK presented vert poor results therefore I hope ABSA is cleaning the inherited poor perfourming loans. While other Banks are cooks cc. You know I yourselves. That wasn't a book cleaning exercise. Rather they ramped up lending in Q2 and got burned. Macros don't support retail lending. My thoughts exactly.. They underrated the impact of layoffs in retail lending..
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: 6/23/2009 Posts: 13,475 Location: nairobi
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The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B: KCB 24.9 Actual 25.6 EQTY 23.7 Actual 22.4 COOP 15.2 Actual 14.65 SCBK 8.9 Actual 9.2 DTB 8.4 Actual 8.208 BBK 7.9 Actual 7.72 STBC 7.7 Actual 6.7 I&M 6.9 NIC 3.9 NBK 0.33 HFCK 0.071
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9
NIC 3.9
NBK 0.33
HFCK 0.071
@Obiero What happened to Stanbic bank. Half year 2018 they made a profit of ksh.5.2bn and Q3 6.7bn Means in the 3 months of Q3 they made a profit of ksh.1.5bn. And this is a vvs holding Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9
NIC 3.9
NBK 0.33
HFCK 0.071
@Obiero What happened to Stanbic bank. Half year 2018 they made a profit of ksh.5.2bn and Q3 6.7bn Means in the 3 months of Q3 they made a profit of ksh.1.5bn. And this is a vvs holding Pure voodoo.. They got hit hard in South Sudan but didn't expect such a result
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9
NIC 3.9
NBK 0.33
HFCK 0.071
@Obiero What happened to Stanbic bank. Half year 2018 they made a profit of ksh.5.2bn and Q3 6.7bn Means in the 3 months of Q3 they made a profit of ksh.1.5bn. And this is a vvs holding Pure voodoo.. They got hit hard in South Sudan but didn't expect such a result And there is still exposure in ARM and Karuturi flowers Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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Ericsson wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9
NIC 3.9
NBK 0.33
HFCK 0.071
@Obiero What happened to Stanbic bank. Half year 2018 they made a profit of ksh.5.2bn and Q3 6.7bn Means in the 3 months of Q3 they made a profit of ksh.1.5bn. And this is a vvs holding Kabisa!  SAHL wants it all for itself. It's a matter of time before they make another bid. 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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Bank of Baroda holding 101B in customer deposits as at Q3 2018
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: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:Bank of Baroda holding 101B in customer deposits as at Q3 2018 That bank is huge;it's a Tier 2 category. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:obiero wrote:Bank of Baroda holding 101B in customer deposits as at Q3 2018 That bank is huge;it's a Tier 2 category. It's very small in branch size, customer count but healthy in pound per punch because it serves the highest Kenya-Asian caste, the Shah family, whose wealth runs a large portion of our economy
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: 6/23/2009 Posts: 13,475 Location: nairobi
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The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B: KCB 24.9 Actual 25.6 EQTY 23.7 Actual 22.4 COOP 15.2 Actual 14.65 SCBK 8.9 Actual 9.2 DTB 8.4 Actual 8.208 BBK 7.9 Actual 7.72 STBC 7.7 Actual 6.7 I&M 6.9 Actual 7.6 NIC 3.9 NBK 0.33 HFCK 0.071
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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obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9 Actual 7.6
NIC 3.9
NBK 0.33
HFCK 0.071 Has Nic joined this bottom 2,by behaviour YEs but by results let me wait. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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mlennyma wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9 Actual 7.6
NIC 3.9
NBK 0.33
HFCK 0.071 Has Nic joined this bottom 2,by behaviour YEs but by results let me wait. Meanwhile, year on year; I&M totally redefines its raise in NPL percentage, outshining BBK in the negative.. 
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: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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obiero wrote:mlennyma wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9 Actual 7.6
NIC 3.9
NBK 0.33
HFCK 0.071 Has Nic joined this bottom 2,by behaviour YEs but by results let me wait. Meanwhile, year on year; I&M totally redefines its raise in NPL percentage, outshining BBK in the negative.. Only problem here is the sharp fall in the core capital /TRWA ratio amid a surge in NPL's... It looks like loan write offs are starting to eat into core capital . I&M bank needs to raise capital soon otherwise trouble is brewing!
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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obiero wrote:mlennyma wrote:obiero wrote:The Exchange Bar Quarterly Forecast for Q3 2018, PBT figures in KES B:
KCB 24.9 Actual 25.6
EQTY 23.7 Actual 22.4
COOP 15.2 Actual 14.65
SCBK 8.9 Actual 9.2
DTB 8.4 Actual 8.208
BBK 7.9 Actual 7.72
STBC 7.7 Actual 6.7
I&M 6.9 Actual 7.6
NIC 3.9
NBK 0.33
HFCK 0.071 Has Nic joined this bottom 2,by behaviour YEs but by results let me wait. Meanwhile, year on year; I&M totally redefines its raise in NPL percentage, outshining BBK in the negative.. The surge in NPLs was done in the 4Q 2017 just before IFRS 9 kicked in. I wonder how much of the increase in NPLs are due to a bone-headed decision to lend to KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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