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KCB 2018 and Beyond
Ericsson
#601 Posted : Tuesday, March 15, 2022 6:38:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
McGill wrote:
When are FY results expected?


Mid March


17 March 2022


Tomorrow Wednesday 16 March 2022 at 3pm
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#602 Posted : Wednesday, March 16, 2022 3:30:30 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
Ericsson wrote:
Ericsson wrote:
Ericsson wrote:
McGill wrote:
When are FY results expected?


Mid March


17 March 2022


Tomorrow Wednesday 16 March 2022 at 3pm


Any news? Or was this fake news?
cnn
#603 Posted : Wednesday, March 16, 2022 3:44:47 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,616
My 2 cents wrote:
Ericsson wrote:
Ericsson wrote:
Ericsson wrote:
McGill wrote:
When are FY results expected?


Mid March


17 March 2022


Tomorrow Wednesday 16 March 2022 at 3pm


Any news? Or was this fake news?

Or maybe after market closes... Trading hours extended today,the market opened at 2.30pm
Ericsson
#604 Posted : Wednesday, March 16, 2022 4:31:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
cnn wrote:
My 2 cents wrote:
Ericsson wrote:
Ericsson wrote:
Ericsson wrote:
McGill wrote:
When are FY results expected?


Mid March


17 March 2022


Tomorrow Wednesday 16 March 2022 at 3pm


Any news? Or was this fake news?

Or maybe after market closes... Trading hours extended today,the market opened at 2.30pm


-Asset Base Ksh.1.14 trillion
-Revenues increased by 13.5% to KShs.108.6 billion on account of a rise in net interest
income which was up 15.0% to KShs.77.7 billion. -Non funded income grew by 9.9%
to KShs.30.9 billion on increased customer transactions, FX income and income from
accelerated loan growth.
-Costs went up by 11.9% to KShs.47.8 billion from KShs.42.8 billion on account of an
increase in staff and organisational costs, consolidation of Banque Populaire du
Rwanda (BPR) and inflationary adjustments across the group
-Profit before tax ksh.47.8bn
-Profit After tax Ksh.34.17bn
-Earnings per share Ksh.10.64
-Final Dividend Ksh.2

KCB Group FY 2021 Results [KES]:

- Total Assets +15.3% to 1.14T
- Loan book +13.4% to 675.4B
- Customer Deposits +9.1% to 837.1B
- Total Interest Income +15.1% to 102.1B
- Loan loss provision -52.2% to 12.9B
- PAT +74.3% to 34.1B
- EPS 10.64 [2020: 6.10]
- DPS 3.00 [2020: 1.00]
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#605 Posted : Wednesday, March 16, 2022 5:59:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
KCB have also given an earnings calendar for 2022
-26 May----Q1 Financial Results Announcement
-27 May----Annual General Meeting
-August 18---H1 Financial Results Announcement
-17 November---Q3 Financial Results Announcement
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
watesh
#606 Posted : Wednesday, March 16, 2022 9:17:49 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
VituVingiSana
#607 Posted : Thursday, March 17, 2022 7:45:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#608 Posted : Saturday, March 19, 2022 7:02:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#609 Posted : Saturday, March 19, 2022 7:08:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC


KCB's negotiations to buy local bank in DRC may be completed by next quarter:
The deal the bank said will push the regional lender's assets towards the ksh.1.5 trillion mark in the next financial year.
Chief executive Joshua Oigara told the East Africanthat negotiations for a potential buyout are at an advanced stage and the deal should be completed in the next quarter.
The negotiations have taken a bit longer largely because of the December holidays when people were stuck on annual audits and financial statements.
The deal, the bank said, will push the regional lender’s assets towards the Ksh1.5 trillion ($13.15 billion) mark in the next financial year.

We have an ambition to grow our balance sheet to Ksh1.5 trillion ($13.15 billion) which is the key ambition for us this year

https://pbs.twimg.com/me...rmat=png&name=small

https://www.theeastafric...n-expansion-plan-3753412
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
watesh
#610 Posted : Sunday, March 20, 2022 11:29:46 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
Ericsson wrote:
[quote=watesh]With that tiny payout ratio, I hope they are acquiring a major bank in DRC


KCB's negotiations to buy local bank in DRC may be completed by next quarter:
The deal the bank said will push the regional lender's assets towards the ksh.1.5 trillion mark in the next financial year.
Chief executive Joshua Oigara told the East Africanthat negotiations for a potential buyout are at an advanced stage and the deal should be completed in the next quarter.
The negotiations have taken a bit longer largely because of the December holidays when people were stuck on annual audits and financial statements.
The deal, the bank said, will push the regional lender’s assets towards the Ksh1.5 trillion ($13.15 billion) mark in the next financial year.

We have an ambition to grow our balance sheet to Ksh1.5 trillion ($13.15 billion) which is the key ambition for us this year

https://pbs.twimg.com/me...rmat=png&name=small

https://www.theeastafric...-expansion-plan-3753412[/quote]


DRC would firmly solidify KCB as the biggest bank by assets in Eastern Africa. Progress in Rwanda is amazing, number 2 already in the market. Tanzania looks very promising, hope they one day break into that top 5 and perform a miracle to break the grip of NMB & CRDB. Uganda, still needs more work.
Ericsson
#611 Posted : Monday, March 21, 2022 11:15:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
KCB 2021
Q1--Ksh.9.1bn
Q2--Ksh.12.8bn

Q3--Ksh.13.9bn

Q4--Ksh.12bn

Total FY2021 Ksh.47.8bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#612 Posted : Monday, March 21, 2022 11:19:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
My 2 cents
#613 Posted : Monday, March 21, 2022 12:27:30 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,059
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


Beware that KCB (like Safaricom) does not become one of your investing 'misses'. At least hedge your anti- KCB position by buying a few.
Ericsson
#614 Posted : Monday, March 21, 2022 2:10:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


The rights issue that KCB has done have borne fruits in terms of investments they did and higher dividends to shareholders compared to equity which is mean with dividends.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#615 Posted : Monday, March 21, 2022 2:12:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


Beware that KCB (like Safaricom) does not become one of your investing 'misses'. At least hedge your anti- KCB position by buying a few.


@vvs prefers buying DTB
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#616 Posted : Monday, March 21, 2022 9:18:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
KCB analyst call;

1. On the new digital lending act:

"We welcome the digital lending acts. Would be net positive for banks and our mobile loans as these are already regulated. It levels the playing field."

On a Green bond:

"Not a priority this year. Maybe 2023"

2. On the low dividend payout ratio of 28% for FY 2021:

"We want to be at the 40-45% ratio, but our focus this year is on growth of our organic and inorganic portfolio. We will be back there soon. "
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#617 Posted : Tuesday, March 22, 2022 10:56:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


Beware that KCB (like Safaricom) does not become one of your investing 'misses'. At least hedge your anti- KCB position by buying a few.
Equity > KCB for years. I see much better prospects for Equity. Did you see/watch the FY21 results and discussion?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#618 Posted : Tuesday, March 22, 2022 11:02:37 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Ericsson wrote:
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


Beware that KCB (like Safaricom) does not become one of your investing 'misses'. At least hedge your anti- KCB position by buying a few.


@vvs prefers buying DTB
I am a Value Investor.
Equity is cheaper than KCB on a (future) growth basis.
DTB needs to pull its socks up.

If I had the cash I would rather buy Equity (low PER and higher growth), SCBK (high DPR, DY) and DTB (low PER/PB) over KCB.

We can compare Total Returns for each in April 2027.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#619 Posted : Tuesday, March 22, 2022 11:54:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
VituVingiSana wrote:
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


Beware that KCB (like Safaricom) does not become one of your investing 'misses'. At least hedge your anti- KCB position by buying a few.
Equity > KCB for years. I see much better prospects for Equity. Did you see/watch the FY21 results and discussion?


KCB reduces Loan Loss provisions by 52.2% from ksh.27bn to ksh.12.9bn
Equity reduces Loan Loss provisions by 78% from ksh.26bn to ksh.5.8bn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#620 Posted : Tuesday, March 22, 2022 12:14:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
My 2 cents wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
With that tiny payout ratio, I hope they are acquiring a major bank in DRC
At 2x what Equity paid.
Mwangi > Oigara

Mwangi: Significant shareholder, salary is lower for the same performance, organic growth (not government supported), looks for bargains.
Oigara: Token, 200-300mn, GoK favoritism, pays more.


Your hatred towards KCB waah.
Equity also got government support during the NARC and Grand coalition regime which propelled it's growth.
How sure are you they will pay 2x what Equity paid.
Meanwhile KCB shareholders continue to enjoy the consistent dividend,Equity is very mean when it comes to dividends and even took shareholders on a two year drought without dividend.
FY2021 results not yet out,might be a third year.

Most banks grew during the Kibaki 1 era.

Equity did very well taking business from Barclays and Stanchart that abandoned Kenyans pale mashinani. I heard that Stanchart is closing the Kiambu branch which had been around for decades!

Equity has NEVER had a Rights Issue since it listed - it only raised money once when it sold 25% to Helios. KCB has had multiple.

KCB has only significantly (as a % of total assets) grown its balance sheet in KE.
Very small business elsewhere (vs Equity) where it doesn't have GoK's support.


Beware that KCB (like Safaricom) does not become one of your investing 'misses'. At least hedge your anti- KCB position by buying a few.


@vvs prefers buying DTB
I am a Value Investor.
Equity is cheaper than KCB on a (future) growth basis.
DTB needs to pull its socks up.

If I had the cash I would rather buy Equity (low PER and higher growth), SCBK (high DPR, DY) and DTB (low PER/PB) over KCB.

We can compare Total Returns for each in April 2027.


Looking at cash returns KCB will give a better return in terms of dividend payout than Equity.
DTB over KCB that is madness,KCB will beat DTB pants down 18 nil.
Let's compare in 2027.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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