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DTB POSTS NEARLY 100% GROWTH IN PAT
bartum
#1 Posted : Thursday, August 12, 2010 11:29:51 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
growth in eps accelerated to 7.12 compared from 3.21 posted last years H1.this gives a forward pe of 7 for a price of kes 100.is a price of 150 possible in the near future
PKoli
#2 Posted : Thursday, August 12, 2010 11:41:26 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
bartum wrote:
growth in eps accelerated to 7.12 compared from 3.21 posted last years H1.this gives a forward pe of 7 for a price of kes 100.is a price of 150 possible in the near future


Those numbers look juicy! This could be a real diamond
sheep
#3 Posted : Thursday, August 12, 2010 11:44:22 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
potential tenbagger here...grab them while still they are being ignored.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
mwanahisa
#4 Posted : Thursday, August 12, 2010 12:00:00 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Bartum - Why are you shortchanging us?! PAT has increased by 108% while Profit attributable to shareholders has gone up by 113%, so your post should have been headed DTB posts MORE than 100% Profit (PBT, PAT etc).

Sheep, I have been a long term DTB shareholder. However, I would hesitate to call it a potential 10 bagger. While the Bank has been performing well, the share price has not done nearly as well. It has always traded below the market PE for banks. I would therefore NOT expect it to trade above a forward PE of 12 in 2010. Still that makes 150 a reality by early next year.
bartum
#5 Posted : Thursday, August 12, 2010 12:06:33 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
mwanahisa wrote:
@Bartum - Why are you shortchanging us?! PAT has increased by 108% while Profit attributable to shareholders has gone up by 113%, so your post should have been headed DTB posts MORE than 100% Profit (PBT, PAT etc).

Sheep, I have been a long term DTB shareholder. However, I would hesitate to call it a potential 10 bagger. While the Bank has been performing well, the share price has not done nearly as well. It has always traded below the market PE for banks. I would therefore NOT expect it to trade above a forward PE of 12 in 2010. Still that makes 150 a reality by early next year.

mwanahisa.
errors and omission accepted, sorry for the math error.
mwanahisa
#6 Posted : Thursday, August 12, 2010 12:42:06 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Hey, Bartum - not to worry. I also kinda got excited when I saw those figures. But as you can see the market doesn't really chase after DTB. I am waiting to see whether I can load up on more at a UNEXCITING price say 105?
the deal
#7 Posted : Thursday, August 12, 2010 1:26:27 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Definitely this Stock is a winner...
the deal
#8 Posted : Thursday, August 12, 2010 1:29:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
This stock is a Winner...i bet 150 is a giveaway...lets hope it stagnates...i get in...
VituVingiSana
#9 Posted : Thursday, August 12, 2010 1:35:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
On a value basis... DTBK is far better KShs for KShs investment vs CFC Stanbic!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#10 Posted : Thursday, August 12, 2010 1:40:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Diamond Trust Bank (Consolidated) is bigger than National Bank of Kenya...

The Top 10 of Kenya's banking scene looks very different since 2002... New kids on the block including Equity Bank & DTBK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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