Ever since the NSE started to rally back, the financials seem to be abit hestant to jump onto the bandwagon. What could they be waiting for? Are they a safe bet?

@kizee - Why not KCB?
In 2008, they had the triton debacle... not so (I hope) in 2009.

And they might even recover their loans in Uchumi as it emerges from receivership...

I have a black spot on my portfolio in the name of CFC. Not a bad company fundamentally, but very sluggish since the Stanbic buy-out. I entered at 115, have reduced that to the low 70s so far, but the stock is trading in the low 40s.

I'm looking out for EQTY to touch 18.50 at which point I will take some 15% or so profit and put it into CFC.

I'm also taking other profits from KENRE and KENGEN [order is with the broker] and planting it into CFC.

If all goes to plan, I'm looking at averaging CFC down to below 65. This is assuming it doesn't suddenly start rising....

After that, I sit and wait for the de-merger of the banking and insurance businesses

agree with mufasa

too many write offs triton uchumi kpcu and the list goes on...bad customer service leading to drop in customer base, their admin costs are outrageously high leading one to question theyr effeiciency...subsidiaries are all in the red but south sudan..which cud blow up and day...kcb is way too inefficient a bank and the slowdown in 09 exposed them for waht they are

Triton was provisioned in 2008. KCB might even get something back as Triton's assets (including the building in Westlands) are sold off.

Uchumi is recovering & might be listed. I expect KCB will eventually get its money back. At least the Principal. I am not sure if this loan was provisioned.

KPCU - This does not look good coz it is under receivership... Who knows the loan KCB made to KPCU?