In a way its good because those that disappoint are being compensated by those that surprise. NIC disappointed because KCB had a very good half (I tend to look at the base from which the company has coming from). Lakini when you look at the recent steps, you realise that a smaller branch network will hurt a bank when there is a liquidity crunch.
KRe, I expected worse results because of having to cover-off Jan/Feb claims, but it looks like its come away unscathed. Fundamentally, it looks like a business that was just looking for solid management. At current price, the share is clearly good value.