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Where Is Equity Bank results ?
young
#1 Posted : Monday, March 05, 2012 3:37:06 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,067
Location: Lagos, Nigeria
I am wondering, why does it take so long for member to release her result.

Is there anything fishy ?
Are they "re-packaging" their results in line with generous dividends from Barclays and KCB ?

It will not be a suprsise if equity returns a whooping 1.50 bob dividend far above the 1.20 dividend I projected. This might be a combination of basic dividend and "special" dividend.


It is more like a rat race.
I am really bothered about the sustenability of dividend largese from the banking sector. Other sectors except Williamson /Bat are more realistic, or better still more reasonable in their dividend declaration.

It should be recalled Equity released her FY 2010 result last year by mid february and they declared a 0.80 bob dividend .

I still maintain, do not be over exposed to the banking sector, as the euphoria may be temporary. Reduce and spread to more solid companies so as not to regret when the ill wind blows across the banking sector. It is not a matter of whether it will happen, it is more of when is it going to happen ?
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. .
guru267
#2 Posted : Monday, March 05, 2012 6:22:54 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
young wrote:
I am really bothered about the sustenability of dividend largese from the banking sector. Other sectors except Williamson /Bat are more realistic, or better still more reasonable in their dividend declaration.


@young What exactly worries you about the dividend paid by banks??

Except BBK I dont see any other bank with excessive dividends.. Even the huge dividend from KCB is only about 50% of EPS..
young wrote:
I still maintain, do not be over exposed to the banking sector, as the euphoria may be temporary. Reduce and spread to more solid companies so as not to regret when the ill wind blows across the banking sector. It is not a matter of whether it will happen, it is more of when is it going to happen ?


@young I sense that you may still be wounded or bitter about what took place in the Nigerian banking sector.. But I am in doubt that your worries will manifest in Kenya
Mark 12:29
Deuteronomy 4:16
QW25091985
#3 Posted : Monday, March 05, 2012 6:36:54 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Equity bank is just saving the best for last !! Hope so smile
Jamani
#4 Posted : Monday, March 05, 2012 7:49:28 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
I expect their report after tuesday....
http://www.standardmedia...%20banks%20shared%20CBK’s%20billion%20pie
mlennyma
#5 Posted : Monday, March 05, 2012 8:28:55 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Its a bad sign for equity to take a kalonzo style of first waiting to hear what other banks announce...who thought eqty can become the last banks to give results.
"Don't let the fear of losing be greater than the excitement of winning."
ngapat
#6 Posted : Monday, March 05, 2012 10:42:25 AM
Rank: Veteran


Joined: 12/11/2006
Posts: 903
Seems nobody gives a s**** about co-op bank. Whether they announce or not
“Invest in yourself. Your career is the engine of your wealth.”
jerry
#7 Posted : Monday, March 05, 2012 11:16:13 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@young. I'm more worried about BBK's share not appreciating after that generous dividend than why they give the dividend. I think for bbk it's not sustainable/fake. This means at least for KCB and NIC the dividends/bonus are genuine.
The opposite of courage is not cowardice, it's conformity.
Aguytrying
#8 Posted : Monday, March 05, 2012 12:07:11 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
ngapat wrote:
Seems nobody gives a s**** about co-op bank. Whether they announce or not


smile thats funny. QW is always drumming up co-op, but he's also silent. Its a good bank, i bank there, i even like it, but i never invest in it, there's always a slighlty better opportunity. it has a bright future for sure.
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#9 Posted : Monday, March 05, 2012 12:09:45 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@ young. I think its similar to KCB. They delayed by one or two weeks after BBK. But in truth, this is very unlike equity. I concur with your divident theory.
The investor's chief problem - and even his worst enemy - is likely to be himself
dunkang
#10 Posted : Monday, March 05, 2012 12:14:54 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
ngapat wrote:
Seems nobody gives a s**** about co-op bank. Whether they announce or not


Co-op what? in which country do they trade their stocks? Sorry, never heard about them!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Receive with simplicity everything that happens to you.” ― Rashi

Kihangeri
#11 Posted : Monday, March 05, 2012 12:29:19 PM
Rank: User


Joined: 11/10/2010
Posts: 550
Location: Junction
ngapat wrote:
Seems nobody gives a s**** about co-op bank. Whether they announce or not


I do give them attention but silently. Albertross , I mean Njung'e is to Mumias what I am to Co-op but his is loud while mine is soundless but lethal.
By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...
Gaitho dialogues.


Impunity
#12 Posted : Monday, March 05, 2012 5:33:45 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Kihangeri wrote:
ngapat wrote:
Seems nobody gives a s**** about co-op bank. Whether they announce or not


I do give them attention but silently. Albertross , I mean Njung'e is to Mumias what I am to Co-op but his is loud while mine is soundless but lethal.


Same @VVS is to KK, @CDE is to KCB while Lovely2010 is to paka.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Impunity
#13 Posted : Monday, March 05, 2012 5:45:17 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Kihangeri wrote:
ngapat wrote:
Seems nobody gives a s**** about co-op bank. Whether they announce or not


I do give them attention but silently. Albertross , I mean Njung'e is to Mumias what I am to Co-op but his is loud while mine is soundless but lethal.


Same @VVS is to KK, @CDE is to KCB while @Lovely2010 is to paka.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

the deal
#14 Posted : Monday, March 05, 2012 8:00:26 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Sale the bonds took them to the cleaners.
The Merchant
#15 Posted : Tuesday, March 06, 2012 8:12:10 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
the deal wrote:
Sale the bonds took them to the cleaners.

Pray Pray
FUNKY
#16 Posted : Tuesday, March 06, 2012 9:38:57 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Just got information that Equity Results have been delayed this time because King James is abroad to attend a conference and as soon as he lands back the results will be announced.
xxxxx
#17 Posted : Tuesday, March 06, 2012 10:05:37 AM
Rank: Member


Joined: 3/20/2008
Posts: 503
FUNKY wrote:
Just got information that Equity Results have been delayed this time because King James is abroad to attend a conference and as soon as he lands back the results will be announced.


This would have been more informative if you/your source mentioned when JM is returning.d'oh!
QW25091985
#18 Posted : Tuesday, March 06, 2012 10:59:42 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Impunity wrote:
Kihangeri wrote:
ngapat wrote:
Seems nobody gives a s**** about co-op bank. Whether they announce or not


I do give them attention but silently. Albertross , I mean Njung'e is to Mumias what I am to Co-op but his is loud while mine is soundless but lethal.


Same @VVS is to KK, @CDE is to KCB while @Lovely2010 is to paka.


hahahahhaahha. be gentle to the lady ! Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Gordon Gekko
#19 Posted : Tuesday, March 06, 2012 11:15:05 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
FUNKY wrote:
Just got information that Equity Results have been delayed this time because King James is abroad to attend a conference and as soon as he lands back the results will be announced.


You've just confirmed the succession risk at Ekuete - there's no deputy to run the mundane administrative task of announcing results.
FUNKY
#20 Posted : Tuesday, March 06, 2012 11:28:14 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
HUGE demand for Equity shares today.
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