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CFC Stanbic vs I and M
tom_boy
#1 Posted : Tuesday, January 01, 2019 2:18:52 PM
Rank: Member


Joined: 2/20/2007
Posts: 707
Similarly valued
Similar earnings
Similar price to book
Similar cash flows
Similar asset sizes
Similar Equity

Which will out perform the other?
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
young
#2 Posted : Tuesday, January 01, 2019 10:06:40 PM
Rank: Elder


Joined: 6/20/2007
Posts: 1,869
Location: Lagos, Nigeria
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Horton
#3 Posted : Wednesday, January 02, 2019 8:02:25 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,448
Location: Nairobi
tom_boy wrote:
Similarly valued
Similar earnings
Similar price to book
Similar cash flows
Similar asset sizes
Similar Equity

Which will out perform the other?

=Similar performance 😆
Ericsson
#4 Posted : Wednesday, January 02, 2019 9:14:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.




What are the respective issued shares of both of them
tom_boy
#5 Posted : Thursday, January 24, 2019 11:44:55 AM
Rank: Member


Joined: 2/20/2007
Posts: 707
And I&M is pulling ahead.....
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
jmbada
#6 Posted : Friday, January 25, 2019 10:36:23 AM
Rank: Member


Joined: 1/1/2011
Posts: 366
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.



Agree. CFC needs to repatriate more earnings to S.A. whereas I&M key shareholders are here so less worried about keeping more profits in the business. The question always remains whether or not it is better to return some funds to shareholders or re-invest in the business if you, as the Manager, believe you can give a better return than any other publicly-comparable benchmark. For instance, Warren Buffet has thus always benchmarked his performance against the S&P 500. So, if I&M or Stanbic management can provide better returns than the NSE, they actually should retain the funds in the business and minimize the dividends. IMHO....
Pesa Nane
#7 Posted : Thursday, February 28, 2019 12:46:41 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC
also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.




Expected end of day today
Pesa Nane plans to be shilingi when he grows up.
Superprime1
#8 Posted : Thursday, February 28, 2019 1:42:12 PM
Rank: Member


Joined: 5/2/2018
Posts: 220
Pesa Nane wrote:
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC
also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.




Expected end of day today

What's expected end of day today @PesaNane?
Mastermind
#9 Posted : Thursday, February 28, 2019 3:29:31 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,595
Location: Langley
Superprime1 wrote:
Pesa Nane wrote:
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC
also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.




Expected end of day today

What's expected end of day today @PesaNane?


FY2018
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
tom_boy
#10 Posted : Friday, March 01, 2019 8:57:53 AM
Rank: Member


Joined: 2/20/2007
Posts: 707
Mastermind wrote:
Superprime1 wrote:
Pesa Nane wrote:
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC
also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.




Expected end of day today

What's expected end of day today @PesaNane?


FY2018

?
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Pesa Nane
#11 Posted : Friday, March 01, 2019 10:12:01 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
tom_boy wrote:
Mastermind wrote:
Superprime1 wrote:
Pesa Nane wrote:
young wrote:
CFC stanbic from dividend yield angle.

FY 17

I&M 3.00 Bob

CFC 5.25 Bob


FY 18
Not out but CFC
also paid 2.25 interim dividend. Projected final is 5.00 Bob

I&M projected at most 4.00 Bob in total.




Expected end of day today

What's expected end of day today @PesaNane?


FY2018

?


CLICK HERE
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#12 Posted : Thursday, May 02, 2019 11:12:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
From the perspective of a "Per Share" basis given the shares were priced almost the same on 1 Jan 2019, I&M is ahead at 125/- vs Stanbic at 100/-

I&M is more profitable than Stanbic KE on a PAT basis with a higher EPS too.
Also better positioned for regional growth with a JV in Mauritius and subsidiaries in RW and TZ.

The DPS for I&M remains lower than Stanbic KE but I&M may need more funds for expansion and recapitalization of its subsidiaries.
Like other KE banks e.g. Equity, I&M also shored up its capital in the TZ subsidiary.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
xtina
#13 Posted : Sunday, September 08, 2019 9:44:41 PM
Rank: Member


Joined: 6/26/2008
Posts: 259
VituVingiSana wrote:
From the perspective of a "Per Share" basis given the shares were priced almost the same on 1 Jan 2019, I&M is ahead at 125/- vs Stanbic at 100/-

I&M is more profitable than Stanbic KE on a PAT basis with a higher EPS too.
Also better positioned for regional growth with a JV in Mauritius and subsidiaries in RW and TZ.

The DPS for I&M remains lower than Stanbic KE but I&M may need more funds for expansion and recapitalization of its subsidiaries.
Like other KE banks e.g. Equity, I&M also shored up its capital in the TZ subsidiary.



Does this opinion still hold? I see very attractive prices for both and still deciding which share to buy. Stanbic at 96.5 and I&M at 46.5
VituVingiSana
#14 Posted : Monday, September 09, 2019 2:46:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
xtina wrote:
VituVingiSana wrote:
From the perspective of a "Per Share" basis given the shares were priced almost the same on 1 Jan 2019, I&M is ahead at 125/- vs Stanbic at 100/-

I&M is more profitable than Stanbic KE on a PAT basis with a higher EPS too.
Also better positioned for regional growth with a JV in Mauritius and subsidiaries in RW and TZ.

The DPS for I&M remains lower than Stanbic KE but I&M may need more funds for expansion and recapitalization of its subsidiaries.
Like other KE banks e.g. Equity, I&M also shored up its capital in the TZ subsidiary.


Does this opinion still hold? I see very attractive prices for both and still deciding which share to buy. Stanbic at 96.5 and I&M at 46.5
You should update both using 1H numbers and expected growth.
I&M has become substantially cheaper since May 2019.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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