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7 Pages«<4567>
Barclays - 2018 and beyond
cyruskulei
#101 Posted : Tuesday, April 21, 2020 1:20:17 PM
Rank: Member


Joined: 3/9/2010
Posts: 269
Location: kenya
This counter appears to be acceleration mode

Demand building up strongly

Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Ericsson
#102 Posted : Tuesday, April 21, 2020 1:49:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
cyruskulei wrote:
This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#103 Posted : Tuesday, April 21, 2020 2:08:13 PM
Rank: Member


Joined: 7/1/2014
Posts: 800
Location: sky
Ericsson wrote:
cyruskulei wrote:
This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
ARAPCHARLEE
#104 Posted : Tuesday, April 21, 2020 2:59:37 PM
Rank: New-farer


Joined: 4/28/2019
Posts: 79
Location: Talai
littledove wrote:
Ericsson wrote:
cyruskulei wrote:
This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma
Angelica _ann
#105 Posted : Tuesday, April 21, 2020 3:18:17 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
ARAPCHARLEE wrote:
littledove wrote:
Ericsson wrote:
cyruskulei wrote:
This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma


30th April 2020 according to NSE website: https://www.nse.co.ke/li...ts/corporateactions.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
ARAPCHARLEE
#106 Posted : Tuesday, April 21, 2020 3:22:03 PM
Rank: New-farer


Joined: 4/28/2019
Posts: 79
Location: Talai
Angelica _ann wrote:
ARAPCHARLEE wrote:
littledove wrote:
Ericsson wrote:
[quote=cyruskulei]This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma


30th April 2020 according to NSE website: https://www.nse.co.ke/li...s/corporateactions.html[/quote]

Asante ANGELICA ANN.
Ericsson
#107 Posted : Tuesday, April 21, 2020 4:12:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Angelica _ann wrote:
ARAPCHARLEE wrote:
littledove wrote:
Ericsson wrote:
[quote=cyruskulei]This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma


30th April 2020 according to NSE website: https://www.nse.co.ke/li...s/corporateactions.html[/quote]

Link not found
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#108 Posted : Tuesday, April 21, 2020 5:04:03 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
Ericsson wrote:
Angelica _ann wrote:
ARAPCHARLEE wrote:
littledove wrote:
Ericsson wrote:
[quote=cyruskulei]This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma


30th April 2020 according to NSE website: https://www.nse.co.ke/li...s/corporateactions.html[/quote]

Link not found


Read the link at post #105
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
AndyC
#109 Posted : Tuesday, April 21, 2020 6:40:14 PM
Rank: Member


Joined: 4/21/2015
Posts: 134
Angelica _ann wrote:
Ericsson wrote:
Angelica _ann wrote:
ARAPCHARLEE wrote:
littledove wrote:
Ericsson wrote:
[quote=cyruskulei]This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma


30th April 2020 according to NSE website: https://www.nse.co.ke/li...s/corporateactions.html[/quote]

Link not found


Read the link at post #105


Those are last year's dates!
Angelica _ann
#110 Posted : Tuesday, April 21, 2020 7:07:29 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
AndyC wrote:
Angelica _ann wrote:
Ericsson wrote:
Angelica _ann wrote:
ARAPCHARLEE wrote:
littledove wrote:
Ericsson wrote:
[quote=cyruskulei]This counter appears to be acceleration mode

Demand building up strongly



Check dividend book closure is when

when is the book closure, i cant get this information anywhere



Eric unajua date..Nani anajua this piece of information. Tumekwma


30th April 2020 according to NSE website: https://www.nse.co.ke/li...s/corporateactions.html[/quote]

Link not found


Read the link at post #105


Those are last year's dates!


Tho yawa Laughing out loudly Laughing out loudly Laughing out loudly asante!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#111 Posted : Thursday, May 28, 2020 2:21:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Absa Bank Kenya has reported a normalized profit after tax of Ksh2.3 billion for the first three months of 2020, a 13 per cent growth driven by an 8% growth in total income and a 5% drop in operating costs.

However, Absa notes that the normalized profit excludes an exceptional item of Ksh600 million, which relates to costs incurred in the transition to Absa.

Total Income increased to Ksh8.6 billion on the back of growth in non-interest income and interest income. Non-interest income was up 16 per cent year on year (YoY) due to growth in risk fees, fixed income trading, and risk-managed products. On the other hand, Absa attributes the 5 per cent YoY growth in interest income to growth in the lending book partially offset by the margin compression as a result of a drop in Central bank reference rate (CBR).

Absa costs for the quarter reduced 5 per cent YoY to Ksh4.1 billion largely due to cost-saving initiatives such as automation of the processing centres, investment in alternative channels, and branch rationalization programs.

Operating profit growth of 24% to Kes 4.5billion.

Total Assets recorded a 10% YoY growth to Ksh382 billion driven by growth in customer loans and investments in government securities. In this case, net customer loans and advances for the quarter were up 12 per cent to Ksh203 billion compared to a similar period last year. Loan categories recording growth include; general lending, trade loans, mortgage, and scheme loans.

In the period under review, customer deposits were Ksh239 billion, up 7% YoY.

Impairment increased by 75% compared to a similar period last year largely attributable to a few specific client names. The Bank’s average loan loss ratio increased to 2.2% (1.4% in 2019) and Net NPL ratio increased to 3.0% from 2.8% in 2019.

Capital & Liquidity– The total capital adequacy ratio was at 16.5% and liquidity reserve position at 37.9% against the regulatory limits of 14.5% and 20% respectively.

Normalized earnings are adjusted to remove one-time revenue and expenses and help business owners and financial analysts to understand a company’s true earnings from its normal operations.

https://kenyanwallstreet...tax-to-kshs-2-3-billion/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
ARAPCHARLEE
#112 Posted : Thursday, May 28, 2020 2:34:22 PM
Rank: New-farer


Joined: 4/28/2019
Posts: 79
Location: Talai
[quote=Ericsson]Absa Bank Kenya has reported a normalized profit after tax of Ksh2.3 billion for the first three months of 2020, a 13 per cent growth driven by an 8% growth in total income and a 5% drop in operating costs.

However, Absa notes that the normalized profit excludes an exceptional item of Ksh600 million, which relates to costs incurred in the transition to Absa.

Total Income increased to Ksh8.6 billion on the back of growth in non-interest income and interest income. Non-interest income was up 16 per cent year on year (YoY) due to growth in risk fees, fixed income trading, and risk-managed products. On the other hand, Absa attributes the 5 per cent YoY growth in interest income to growth in the lending book partially offset by the margin compression as a result of a drop in Central bank reference rate (CBR).

Absa costs for the quarter reduced 5 per cent YoY to Ksh4.1 billion largely due to cost-saving initiatives such as automation of the processing centres, investment in alternative channels, and branch rationalization programs.

Operating profit growth of 24% to Kes 4.5billion.

Total Assets recorded a 10% YoY growth to Ksh382 billion driven by growth in customer loans and investments in government securities. In this case, net customer loans and advances for the quarter were up 12 per cent to Ksh203 billion compared to a similar period last year. Loan categories recording growth include; general lending, trade loans, mortgage, and scheme loans.

Very Decent results... It was ready to Jump...but COVID messed the jump of a lifetime

In the period under review, customer deposits were Ksh239 billion, up 7% YoY.

Impairment increased by 75% compared to a similar period last year largely attributable to a few specific client names. The Bank’s average loan loss ratio increased to 2.2% (1.4% in 2019) and Net NPL ratio increased to 3.0% from 2.8% in 2019.

Capital & Liquidity– The total capital adequacy ratio was at 16.5% and liquidity reserve position at 37.9% against the regulatory limits of 14.5% and 20% respectively.

Normalized earnings are adjusted to remove one-time revenue and expenses and help business owners and financial analysts to understand a company’s true earnings from its normal operations.

https://kenyanwallstreet...ax-to-kshs-2-3-billion/[/quote]
Ericsson
#113 Posted : Thursday, May 28, 2020 5:07:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
ARAPCHARLEE wrote:
[quote=Ericsson]Absa Bank Kenya has reported a normalized profit after tax of Ksh2.3 billion for the first three months of 2020, a 13 per cent growth driven by an 8% growth in total income and a 5% drop in operating costs.

However, Absa notes that the normalized profit excludes an exceptional item of Ksh600 million, which relates to costs incurred in the transition to Absa.

Total Income increased to Ksh8.6 billion on the back of growth in non-interest income and interest income. Non-interest income was up 16 per cent year on year (YoY) due to growth in risk fees, fixed income trading, and risk-managed products. On the other hand, Absa attributes the 5 per cent YoY growth in interest income to growth in the lending book partially offset by the margin compression as a result of a drop in Central bank reference rate (CBR).

Absa costs for the quarter reduced 5 per cent YoY to Ksh4.1 billion largely due to cost-saving initiatives such as automation of the processing centres, investment in alternative channels, and branch rationalization programs.

Operating profit growth of 24% to Kes 4.5billion.

Total Assets recorded a 10% YoY growth to Ksh382 billion driven by growth in customer loans and investments in government securities. In this case, net customer loans and advances for the quarter were up 12 per cent to Ksh203 billion compared to a similar period last year. Loan categories recording growth include; general lending, trade loans, mortgage, and scheme loans.

Very Decent results... It was ready to Jump...but COVID messed the jump of a lifetime

In the period under review, customer deposits were Ksh239 billion, up 7% YoY.

Impairment increased by 75% compared to a similar period last year largely attributable to a few specific client names. The Bank’s average loan loss ratio increased to 2.2% (1.4% in 2019) and Net NPL ratio increased to 3.0% from 2.8% in 2019.

Capital & Liquidity– The total capital adequacy ratio was at 16.5% and liquidity reserve position at 37.9% against the regulatory limits of 14.5% and 20% respectively.

Normalized earnings are adjusted to remove one-time revenue and expenses and help business owners and financial analysts to understand a company’s true earnings from its normal operations.

https://kenyanwallstreet...ax-to-kshs-2-3-billion/[/quote]


On course to overtake DTB as number 5 in terms of assets ranking in the banking sector.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#114 Posted : Friday, May 29, 2020 7:16:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
ABSA Kenya plc rental charge fell from ksh.156mn in March 2019 to 23.7mn in March 2020.
In 2019 the figure has been dropping on a Quarter on quarter basis.
Probable reason is the bank bought the building where the HQ stands
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#115 Posted : Wednesday, June 10, 2020 9:29:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Dividend book closure was on Jun 3.
No wonder the big drop in share price.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#116 Posted : Wednesday, June 10, 2020 10:08:14 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
Ericsson wrote:
Dividend book closure was on Jun 3.
No wonder the big drop in share price.


Communication has become an issue with this bank since it become ABSA!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
heri
#117 Posted : Thursday, August 13, 2020 9:00:05 AM
Rank: Member


Joined: 9/14/2011
Posts: 776
Location: nairobi
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL

Ericsson
#118 Posted : Monday, August 24, 2020 2:49:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Rallying to the ksh.10 mark.
Will they break break the trend and not issue an interim dividend for the first time in as many years?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#119 Posted : Monday, August 24, 2020 9:34:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
heri wrote:
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL


93% drop,no interim dividend.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
young
#120 Posted : Tuesday, August 25, 2020 12:10:45 AM
Rank: Elder


Joined: 6/20/2007
Posts: 1,959
Location: Lagos, Nigeria
Ericsson wrote:
heri wrote:
S.Africa's Absa warns half-year profits could fall by close to 100%

https://af.reuters.com/a...fricaNews/idAFL8N2FE5HL


93% drop,no interim dividend.



12 branded African countries subsidiaries of ABSA contributes 26% of ABSA SA earnings.
ABSA Kenya contributes ONLY less than 3.5% of ABSA SA earnings.

So that means recorded 82% drop in earnings in SA HQ does not imply same margin of drop in absa kenya. ABSA Kenya performance will not be so dysmal factoring in negative impact of covid19 on her earnings.


https://www.biznews.com/...vesting/2020/08/24/absa


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