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KCB 2018 and Beyond
Horton
#81 Posted : Thursday, November 08, 2018 1:58:56 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,266
Location: Nairobi
Ebenyo wrote:
Horton wrote:
Ericsson wrote:
mwekez@ji wrote:
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)


Nothing good to look into;
The market is on a bear run so the results will have no impact on share price.
There will be no announcement of a dividend.



That’s ok just curious.

Still buying these so don’t really want any price changing announcement.


whats your current ABP?



It’s increased now with my latest purchases. Probably around 34.80 but still buying so this may increase.
I own shares in KCB,CYTONN, BRK.B and a few other unlisted companies
Ericsson
#82 Posted : Wednesday, November 14, 2018 10:43:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,670
Location: NAIROBI
mwekez@ji wrote:
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)


Cometh the day,now waiting for the timeth
Horton
#83 Posted : Wednesday, November 14, 2018 12:37:17 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,266
Location: Nairobi
Ericsson wrote:
mwekez@ji wrote:
Horton wrote:
Anyone know when Q3 will be announced?

After COB on 14th November(Source:Kestrel Capital)


Cometh the day,now waiting for the timeth


Yep I’m looking at an EPS of 7.60 for annualized FY. We will see how Q3 looks
I own shares in KCB,CYTONN, BRK.B and a few other unlisted companies
Ericsson
#84 Posted : Wednesday, November 14, 2018 4:50:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,670
Location: NAIROBI
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year
obiero
#85 Posted : Wednesday, November 14, 2018 5:04:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson
COOP 5,500; KCB 2,500; KQ 95,000
Angelica _ann
#86 Posted : Wednesday, November 14, 2018 5:59:33 PM
Rank: Elder


Joined: 12/7/2012
Posts: 9,529
On the naked eye, it seems like KCB the Lion is doing well, better thank Equity the member. my BBK iko hapo in the chasing pack.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#87 Posted : Wednesday, November 14, 2018 6:19:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Angelica _ann wrote:
On the naked eye, it seems like KCB the Lion is doing well, better thank Equity the member. my BBK iko hapo in the chasing pack.

BBK ni bure kabisa. Even CBA is doing better than them.. Try COOP instead for assured business growth. What BBK did to Kenyans in the 90s seems like an unforgiven
COOP 5,500; KCB 2,500; KQ 95,000
Muthawamunene
#88 Posted : Wednesday, November 14, 2018 6:31:59 PM
Rank: Member


Joined: 1/3/2011
Posts: 238
Location: Nairobi
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson



Subjective profit here. Subjective in that it is derived from the subjective assessment of loan loss provision.

If one was to compare with equity, it would have to be done on the basis of interest income and not profit.


Otherwise, we cross fingers for a good dividend this year and pray that the provision will not be subjectively revised upwards in the future.
shocks
#89 Posted : Wednesday, November 14, 2018 6:32:05 PM
Rank: Member


Joined: 3/15/2009
Posts: 324
obiero wrote:
Angelica _ann wrote:
On the naked eye, it seems like KCB the Lion is doing well, better thank Equity the member. my BBK iko hapo in the chasing pack.

BBK ni bure kabisa. Even CBA is doing better than them.. Try COOP instead for assured business growth. What BBK did to Kenyans in the 90s seems like an unforgiven

It appears the grudge continues with 2nd generation
obiero
#90 Posted : Wednesday, November 14, 2018 6:46:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
shocks wrote:
obiero wrote:
Angelica _ann wrote:
On the naked eye, it seems like KCB the Lion is doing well, better thank Equity the member. my BBK iko hapo in the chasing pack.

BBK ni bure kabisa. Even CBA is doing better than them.. Try COOP instead for assured business growth. What BBK did to Kenyans in the 90s seems like an unforgiven

It appears the grudge continues with 2nd generation

And it may go to the third.. Actually ABSA may cleanse the spirit. Only EQTY lacks a formidable child account package.. Both COOP and KCB have vibrant entry points for children thro relevant account types. Once you accompany a parent weekend to weekend over formative years to a specific bank, chances are as an adult you will bank at that institution. It's proven scientifically
COOP 5,500; KCB 2,500; KQ 95,000
the deal
#91 Posted : Wednesday, November 14, 2018 7:57:16 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,389
Location: Windhoek/Nairobbery
Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling!
Ericsson
#92 Posted : Wednesday, November 14, 2018 8:19:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,670
Location: NAIROBI
the deal wrote:
Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling!


Kcb normally picks speed and momentum when most government payment to suppliers and contractors is done.
Equity did their calculations wrongly by piling money in government Securities and denying individuals and companies loans basing their reason on interest rates cap law
Gadaffi
#93 Posted : Wednesday, November 14, 2018 8:26:45 PM
Rank: Member


Joined: 2/13/2011
Posts: 275
Location: Nairobi
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson

What comprises 'Other Income'. That's a significant figure.

mlennyma
#94 Posted : Wednesday, November 14, 2018 8:28:05 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,864
Location: nairobi
Ericsson wrote:
the deal wrote:
Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling!


Kcb normally picks speed and momentum when most government payment to suppliers and contractors is done.
Equity did their calculations wrongly by piling money in government Securities and denying individuals and companies loans basing their reason on interest rates cap law

Rate cap didn't affect tier 1 so the shedding of share value was more euphoric than factual,i expect the prices to re visit where they were kitu 65 in a year's time
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#95 Posted : Wednesday, November 14, 2018 8:28:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Ericsson wrote:
the deal wrote:
Profits boosted by huge reduction in loan loss provisions... If you look at the core metrics... They're struggling!


Kcb normally picks speed and momentum when most government payment to suppliers and contractors is done.
Equity did their calculations wrongly by piling money in government Securities and denying individuals and companies loans basing their reason on interest rates cap law

That increase in deposit doesn't seem like any form of struggle. Assets too headed to 0.7trillion Kenya Shillings. CIR below 50% for the first time since the year 1896
COOP 5,500; KCB 2,500; KQ 95,000
obiero
#96 Posted : Wednesday, November 14, 2018 8:30:42 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Gadaffi wrote:
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson

What comprises 'Other Income'. That's a significant figure.


Other income refers to income other than that listed on the other income Iines.. Usikasirike with the repetition
COOP 5,500; KCB 2,500; KQ 95,000
Gadaffi
#97 Posted : Wednesday, November 14, 2018 8:52:09 PM
Rank: Member


Joined: 2/13/2011
Posts: 275
Location: Nairobi
obiero wrote:
Gadaffi wrote:
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson

What comprises 'Other Income'. That's a significant figure.


Other income refers to income other than that listed on the other income Iines.. Usikasirike with the repetition

Thanks. This line has a 24% growth with income of 3.3 billion. Considering that the main lines are already indicated, what can be a contributor to this income..
obiero
#98 Posted : Wednesday, November 14, 2018 9:16:23 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Gadaffi wrote:
obiero wrote:
Gadaffi wrote:
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson

What comprises 'Other Income'. That's a significant figure.


Other income refers to income other than that listed on the other income Iines.. Usikasirike with the repetition

Thanks. This line has a 24% growth with income of 3.3 billion. Considering that the main lines are already indicated, what can be a contributor to this income..

Insurance, brokerage, custodial service, investment income from treasury dealing
COOP 5,500; KCB 2,500; KQ 95,000
obiero
#99 Posted : Wednesday, November 14, 2018 9:25:06 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,658
Location: nairobi
Muthawamunene wrote:
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson



Subjective profit here. Subjective in that it is derived from the subjective assessment of loan loss provision.

If one was to compare with equity, it would have to be done on the basis of interest income and not profit.


Otherwise, we cross fingers for a good dividend this year and pray that the provision will not be subjectively revised upwards in the future.

IFRS 9 used as the measure in provision determination.. If massive recoveries have been effected through auctions, why would simba not reduce its provisions
COOP 5,500; KCB 2,500; KQ 95,000
Horton
#100 Posted : Wednesday, November 14, 2018 9:41:28 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,266
Location: Nairobi
obiero wrote:
Muthawamunene wrote:
obiero wrote:
Ericsson wrote:
KCB Q3 2018;
Profit before tax at ksh.25.6bn 14% growth compared to previous year
Profit After Tax at ksh.18.04bn;20% growth compared to previous year

The Group’s balance sheet improved by 6% to Sh684.2B from Sh643.8B in 2017, with deposits growing by a similar margin to Sh526.8B from Sh496.3Bn.
Net loans and advances were up 4% to Sh435.3B from Sh419.5B while long term funding stood at Sh20.7B from the previous period’s Sh14.4B.

Investment in Government and other securities grew to ksh.119.7bn compared to 103.6bn in a similar period last year

Great news @ericsson



Subjective profit here. Subjective in that it is derived from the subjective assessment of loan loss provision.

If one was to compare with equity, it would have to be done on the basis of interest income and not profit.


Otherwise, we cross fingers for a good dividend this year and pray that the provision will not be subjectively revised upwards in the future.

IFRS 9 used as the measure in provision determination.. If massive recoveries have been effected through auctions, why would simba not reduce its provisions


Apples to apples KCB LLP in H1 = 18.2B
Equity= 5.9B


I am yet to see KCBs Q3 but one of the reasons I sold EQTY was their profit increased as the NET NPL exposure from H2 to Q3 increased from 267m to 2.4B. I felt this was just to spruce up the numbers.

Also annualized EPS KCB 7.9 vs 5.3 for EQTY yet EQUITY trades at a higher price.

Simba is going strong! Solid numbers these are
I own shares in KCB,CYTONN, BRK.B and a few other unlisted companies
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