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Barclays result FY 2017
Rank: Member Joined: 9/16/2006 Posts: 228
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barclays result 2017 Barclays Bank of Kenya (BBK) has recorded a 6.3 percent decline in net profit to Sh6.9 billion for the full year 2017 compared to the previous year where it posted Sh7.3 billion. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Barclays Africa to to change its name to ABSA across the continent. Operations in Kenya, Uganda, Ghana & others will have to change to a new identity, now ABSA Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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The dividend is sweet but is it sustainable. They are retaining ksh.1bn. Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya. "We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position." A snapshot from the CEO during the press release of full year results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Ericsson wrote:The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.
"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."
A snapshot from the CEO during the press release of full year results The DVD eases the pain of those of us in a loooong bear trap For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:..the Directors have resolved to recommend to
members at the forthcoming Annual General Meeting a final dividend for the year of Shs 0.80 per ordinary share of the Company to be paid on or about May 25 2018 to shareholders registered at the close of business on April 30 2018. Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.
"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."
A snapshot from the CEO during the press release of full year results No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either. The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Up to 323 staff of Barclays Bank Kenya left employment last year, the lender has revealed, as it announced a 6.4 per cent drop in full-year net profit to Sh6.9 billion. Barclays closed last year with 2,268 employees on its payroll, down from 2,591 in 2016. The bank says most of the staff exited as part of a Sh500 million restructuring that saw the business shut down 12 branches to close the year at 89 outlets, most of them in Nairobi. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.
"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."
A snapshot from the CEO during the press release of full year results No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either. The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK. They also aim to double PBT in 4 years Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.
"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."
A snapshot from the CEO during the press release of full year results No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either. The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK. They also aim to double PBT in 4 years Too much ambition can kill
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...28730-li0nwdz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.
"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."
A snapshot from the CEO during the press release of full year results No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either. The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK. They also aim to double PBT in 4 years That is possible starting off from a low base. If they can grow PBT at 20% (compounded) for 4 years. There will be challenges but... Tech helps reduces costs. Fewer (non-performing) staff = lower Opex. Inflation = increases reported profits. Clean books (FY 2017) = fewer provisions in 2018-2021 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Share price heading towards 12 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:The dividend is sweet but is it sustainable.
They are retaining ksh.1bn.
Now that Barclays Plc is out,ABSA should let Barclays Kenya to be renamed ABSA Kenya opportunity to venture out of kenya.
"We aspire to remain No.1 to 3 and to do that, we have a strategic intend to outgrow the market. We are heading back to our rightful market position."
A snapshot from the CEO during the press release of full year results No-one is going to allow that without a fight. Forget #1 #2 #3 [size] for the next 5 years as KCB, Equity and Coop fight it out. Then there are strong contenders for #4 and #5 including DTB. StanChart is no slouch either. The likes of NIC, I&M, etc also want to play in the top 10 and taking market share from them will not be easy for BBK. They also aim to double PBT in 4 years That is possible starting off from a low base. If they can grow PBT at 20% (compounded) for 4 years. There will be challenges but... Tech helps reduces costs. Fewer (non-performing) staff = lower Opex. Inflation = increases reported profits. Clean books (FY 2017) = fewer provisions in 2018-2021 You forgot one key thing. Growth in the loan book. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Ericsson wrote:Share price heading towards 12 I jumped the gun here... jumped off just when the juice was getting sweeter For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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winmak wrote:Ericsson wrote:Share price heading towards 12 I jumped the gun here... jumped off just when the juice was getting sweeter we sometimes enter the market expecting very little thus jumping out for a shilling "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...7262-wqt6e3z/index.html
The Kenya Revenue Authority is demanding Sh225 million from Barclays Bank of Kenya over allegedly withholding tax arrears on royalties paid to card companies. Barclays Bank in a suit filed in court seeking to stop the demand argues that it did not receive any assessment from taxman prior to receiving the demand and that no breakdown or details had been provided. High Court judge George Odunga has temporarily suspended the tax notice pending a hearing of the dispute. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Barclays bank share price woii we are now at 13.3. Biggest gainer so far this year Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Likely to hit 13.80 cum-dividend and come down to 11.30 ex-dividend and later strolling to 10 until name is changed.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Realtreaty wrote:Likely to hit 13.80 cum-dividend and come down to 11.30 ex-dividend and later strolling to 10 until name is changed. Below 10 will be a buy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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