I am anticipating a PAT of about Kshs 378 million. This is roughly 4 times the share of associate profit that Equity reported in its accounts for 2010. Note, EB owns 24.99% of HF.

If this turns out right, this will be a 61% increase in the PAT with an EPS of 1.64 and a PE of 17.8 or thereabouts at a share price of 29.25. I would also not expect much in the way of a final dividend as they already paid 35 cents interim div.

Based on this analysis and considering the way the market has reacted to release of even better bank results, I have taken the precaution of disposing of my stake into the current strength in the share price (@ 29.50 & 29.75). My last block of shares is on offer at Kshs 30. I intend to buy in later when the results are released and inevitably the price falls. If it doesn't well, I have already made my profits.

Just got confirmation that the lot I was selling at 30 was picked up. Now let's see which way the wind will blow when the results are released.

Results are out, Any one with a clue of how they are

Results out, @mwanahisa was spot on on his prediction:
EPS up 61.8%from 1.02 to 1.65
DPS up 40% from 0.5 to 0.7

Interim Div was 0.35 cents, so final is the same to make 0.7 total divs.
Though nothing to write home about,i'll keep this stock until they release their Q2 results. I have a feeling they will post double digit profits this year.
I'll also keep an eye on its sister company Equity with a view to keep buying as it drops in anticipation of goodies last seen when they released FY06 results in Feb 2007!