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Equity Bank FY 2011 PAT up 45 Percent
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mwekez@ji
#41 Posted : Thursday, March 08, 2012 10:39:11 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
fair results, low dividend yield. the capital call news will take its toll on this counter

Equity targets secondary IPO
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guru267
#42 Posted : Friday, March 09, 2012 1:37:48 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Equity Bank is rated a SELL based on current valuations relative to market conditions.

PRICE TARGET: 15-16bob
Mark 12:29
Deuteronomy 4:16
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jerry
#43 Posted : Friday, March 09, 2012 7:14:34 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
QW25091985 wrote:
i still like equity and i think better days are ahead .as long as those loans book keep growing amn't worried as for co-op . what the heck just happened ?
no wonder the stock is gettin such a serious beating . its a total let down !

what would be the equivalent dividend to the 1:5 bonus for Coop?
The opposite of courage is not cowardice, it's conformity.
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QW25091985
#44 Posted : Friday, March 09, 2012 8:05:24 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
guru267 wrote:
Equity Bank is rated a SELL based on current valuations relative to market conditions.

PRICE TARGET: 15-16bob


they (smart money) could have sold lonnnnnnnnnng time ago .ever heard of factored in the price ...
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limanika
#45 Posted : Friday, March 09, 2012 1:27:59 PM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032
mlennyma wrote:
Member must have decided to hide some profits due to the hostile reception by mps on interest rates and shilling saga...is it posible?

Being an election year, don’t you think some profits would have to be retained to buy allegiance and hence secure strategic interests in the next govt. Sorry but this might be the reality
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mukiha
#46 Posted : Friday, March 09, 2012 2:49:47 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
ngapat wrote:
http://www.equitybank.co.ke/UserFiles/File/.......Somebody break it down into 'swallowable' bits


It's a shame that we are not able to post tables on wazua [it used to be possible in SK days].

It's an even bigger shame to see supposedly knowledgeable people singing praises of KCB for "winning against EQT" with out giving comparative ratios...and as if there was a competition!

Still, here are some comparisons;

TOTAL ASSETS:--KCB=330b;--EQT=196b

NET ASSETS:---KCB=44b;---EQT=34b

OP. INCOME:---KCB=39b;---EQT=28b

PBT:----------KCB=15b;---EQT=13b

EPS:----------KCB=3.72;--EQT=2.79

MKT PRICE:----KCB=21;----EQT=19


Some quick ratios from the above:

OP MARGIN:----KCB=38.5%--EQT=46.4%

RoA:----------KCB=4.54%--EQT=6.63%

RoNA:---------KCB=34.1%--EQT=38.2%

P/E RATIO:----KCB=5.6----EQT=6.8

==================================


Now let's begin to discuss which bank has done better.....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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kyt
#47 Posted : Friday, March 09, 2012 2:52:38 PM
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Joined: 11/7/2007
Posts: 2,182
@mukiha well put not the profit volume but the profit margin. well said
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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jerry
#48 Posted : Friday, March 09, 2012 5:05:52 PM
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Joined: 9/29/2006
Posts: 2,570
kyt wrote:
@mukiha well put not the profit volume but the profit margin. well said

For investors EQ but for speculators KCB.
The opposite of courage is not cowardice, it's conformity.
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cnn
#49 Posted : Friday, March 09, 2012 5:20:46 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
mukiha wrote:
ngapat wrote:
http://www.equitybank.co.ke/UserFiles/File/.......Somebody break it down into 'swallowable' bits


It's a shame that we are not able to post tables on wazua [it used to be possible in SK days].

It's an even bigger shame to see supposedly knowledgeable people singing praises of KCB for "winning against EQT" with out giving comparative ratios...and as if there was a competition!

Still, here are some comparisons;

TOTAL ASSETS:--KCB=330b;--EQT=196b

NET ASSETS:---KCB=44b;---EQT=34b

OP. INCOME:---KCB=39b;---EQT=28b

PBT:----------KCB=15b;---EQT=13b

EPS:----------KCB=3.72;--EQT=2.79

MKT PRICE:----KCB=21;----EQT=19


Some quick ratios from the above:

OP MARGIN:----KCB=38.5%--EQT=46.4%

RoA:----------KCB=4.54%--EQT=6.63%

RoNA:---------KCB=34.1%--EQT=38.2%

P/E RATIO:----KCB=5.6----EQT=6.8

==================================


Now let's begin to discuss which bank has done better.....
KCB has been inefficient,wasteful you could say given its large balance sheet,i will have to look at those quick ratios for both banks relative to the previous year to see how they have changed.If KCB does improve,which they should going forward those earnings will only boom.
However i am sure JM will not be lying down.
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Cde Monomotapa
#50 Posted : Friday, March 09, 2012 5:41:45 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
For the many who seem to have woken up recently, please observe the fruits of the Good-to-Great programme that KCB Group initiated in FY2011 as we ROOAAR!!! forward.
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Cde Monomotapa
#51 Posted : Friday, March 09, 2012 5:50:09 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
And if the bank that you've invested in is still THINKING & not DOING EAC (like KCB Group is DOING) then that my friends is where the rain will continue beating you. ROOAAR!!!
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murchr
#52 Posted : Friday, March 09, 2012 5:57:59 PM
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Joined: 2/26/2012
Posts: 15,980
How long has Equity been in existence? The bank is going places
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Cde Monomotapa
#53 Posted : Friday, March 09, 2012 6:02:32 PM
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Joined: 1/13/2011
Posts: 5,964
An overview of the fortunes of KK Vs. Total KE should be a good enough guide.
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Cde Monomotapa
#54 Posted : Friday, March 09, 2012 7:21:12 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
There must be a good & specific reason for an EAC cross-listed company like KQ to (almost naturally) appoint KCB Group as it recieving bank & Scangroup for PR & Advertising for the upcoming Rights Issue. ~food4thought
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guru267
#55 Posted : Friday, March 09, 2012 9:13:28 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mukiha wrote:
Still, here are some comparisons;

TOTAL ASSETS:--KCB=330b;--EQT=196b

NET ASSETS:---KCB=44b;---EQT=34b

OP. INCOME:---KCB=39b;---EQT=28b

PBT:----------KCB=15b;---EQT=13b


@mukiha thank you for the numbers..

Can anyone tell me why KCB should operate at less efficiency than EQT given the above ratios??

Does anyone here think the 6Billion profit KCB made in Q4 2011 was because of a good loan book?? Its all in the efficiency they are creating with those Mckinsey consultants they hired..

With assets hitting 400billion in 2012 & a plan to be the most efficient bank in Kenya can anyone tell me why KCB shouldn't post 27billion PBT today...

My argument has nothing to do with the growth in the loan book because the amount of improvement in the current loan book will be phenomenal..

15Billion is just the beginning in this efficiency drive so I think JM has to throw in the towel..
Mark 12:29
Deuteronomy 4:16
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mukiha
#56 Posted : Saturday, March 10, 2012 8:02:27 PM
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Joined: 6/27/2008
Posts: 4,114
murchr wrote:
How long has Equity been in existence? The bank is going places


About 25 years. But many people wrongly think it was a Kibaki creation.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mwekez@ji
#57 Posted : Monday, March 12, 2012 11:57:28 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Notable changes in the shareholders list

ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing

…. poor wanjiku
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The Merchant
#58 Posted : Monday, March 12, 2012 12:16:54 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
mukiha wrote:
murchr wrote:
How long has Equity been in existence? The bank is going places


About 25 years. But many people wrongly think it was a Kibaki creation.

But it became a bank 6 years agod'oh!
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The Merchant
#59 Posted : Monday, March 12, 2012 12:22:49 PM
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Joined: 5/24/2010
Posts: 846
Location: KENYA
guru267 wrote:
Equity Bank is rated a SELL based on current valuations relative to market conditions.

PRICE TARGET: 15-16bob

What do you mean current valuation ?
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TAZ
#60 Posted : Monday, March 12, 2012 12:35:02 PM
Rank: Elder


Joined: 11/14/2007
Posts: 4,152
mwekez@ji wrote:
Notable changes in the shareholders list

ESOP shares are increasing
Mwangi has been reducing his holding
BRITAK has been reducing her holding
Other (not in top 10 list) shareholders are increasing

…. poor wanjiku


Prophets of doom......stop hating, they've just had a 45% increase in profits. What's wrong with that.....?
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