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Equity Bank Q1 2012 Pre tax profit up 29%

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The Merchant		#21 Posted : Friday, April 27, 2012 10:21:45 AM
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA		dunkang wrote: [quote=accelriskconsult]Where was equity getting cheaper money? Me still thinks that some financial statements are cooked NO! They were given a very cheap loan from an international financier, and i even commented on it here. Remember, KCB, Coop, Faulu etc are busy wooing people to deposit cash with gifts, while equity has cheap international loans. Let me look for the LINK! http://www.standardmedia...14&j=&m=&d=[/quote] Correct. The loan was from IFC. Always remember gentlemen, Equity has a AAA rating. Better than the biggest global banks. Getting money for them takes a simple phone call. Pile up on this one friends.
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GenghisCapitalLtd		#22 Posted : Friday, April 27, 2012 10:30:57 AM
Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi		The Merchant wrote: dunkang wrote: [quote=accelriskconsult]Where was equity getting cheaper money? Me still thinks that some financial statements are cooked NO! They were given a very cheap loan from an international financier, and i even commented on it here. Remember, KCB, Coop, Faulu etc are busy wooing people to deposit cash with gifts, while equity has cheap international loans. Let me look for the LINK! http://www.standardmedia...14&j=&m=&d=[/quote] Correct. The loan was from IFC. Always remember gentlemen, Equity has a AAA rating. Better than the biggest global banks. Getting money for them takes a simple phone call. Pile up on this one friends. To further emphasize on that point Equity Bank was evaluated in November 2011 by Global Credit ratings and they maintained AA- for LT and AAA for ST. They have such a huge customer base that they don't need to incur millions on marketing strategy to woo customers to deposit. The ratings are so GOOD that international financiers are tripping over themselves to give Equity a loan which I don't think they need to be honest but they are in such a strong position that they get really attractive terms on them that they pass on to their customers (well specific customers ie farmers, microbiz, etc)so win-win situation thus the low growth of 4.74% y-o-y on provisions of the group to 728Mn. Follow us on Twitter @genghiscapital “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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GenghisCapitalLtd		#23 Posted : Friday, April 27, 2012 10:50:18 AM
Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi		Cde just remembered something from the briefing yesterday. James Mwangi mentioned that the expenses associated with the staff training from Rwanda and Tanzania subsidiaries for the full year 2011 were all expensed in Q1 2012. That definitely depressed the bottom-line, PBT would have been probably 4Bn if they chose amortisation right?! Will try get the exact figure if possible... Follow us on Twitter @genghiscapital “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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Cde Monomotapa		#24 Posted : Friday, April 27, 2012 11:36:25 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		GenghisCapitalLtd wrote: Cde just remembered something from the briefing yesterday. James Mwangi mentioned that the expenses associated with the staff training from Rwanda and Tanzania subsidiaries for the full year 2011 were all expensed in Q1 2012. That definitely depressed the bottom-line, PBT would have been probably 4Bn if they chose amortisation right?! Will try get the exact figure if possible... OK...KCB? Been there, done that
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QW25091985		#25 Posted : Friday, April 27, 2012 11:55:02 AM
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood		@ Cde Monomotapa . if you keep joking that ROAR of kcb will be a murmur soon
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Cde Monomotapa		#26 Posted : Friday, April 27, 2012 11:59:16 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		QW25091985 wrote: @ Cde Monomotapa . if you keep joking that ROAR of kcb will be a murmur soon Fortunately, that depends on 1.8M+ EAC clients & not U! LoL!!
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QW25091985		#27 Posted : Friday, April 27, 2012 12:05:37 PM
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood		Cde Monomotapa wrote: QW25091985 wrote: @ Cde Monomotapa . if you keep joking that ROAR of kcb will be a murmur soon Fortunately, that depends on 1.8M+ EAC clients & not U! LoL!! if they trail member again am sure you'll be crying a river . i want even expecting you to login till next year . eehehhe! but you can still roar . but do cover your mouth !!!!!!
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GenghisCapitalLtd		#28 Posted : Friday, April 27, 2012 12:13:30 PM
Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi		QW25091985 wrote: Cde Monomotapa wrote: QW25091985 wrote: @ Cde Monomotapa . if you keep joking that ROAR of kcb will be a murmur soon Fortunately, that depends on 1.8M+ EAC clients & not U! LoL!! if they trail member again am sure you'll be crying a river . i want even expecting you to login till next year . eehehhe! but you can still roar . but do cover your mouth !!!!!! Quick question just been reading BD (I know it should be the first thing I do in the morning) and came across a litigation case between SK Macharia and ROAR that will be re-opened. The article mentions "multi-millions" though quotes 56Mn as the figure SK was instructed to pay ROAR. QW,cde, the deal..what do you think the effect of this will be on ROAR? SK was potrayed as the victim in the article and will definitely be fighting to the death with ROAR over this. Thoughts? Follow us on Twitter @genghiscapital “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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Cde Monomotapa		#29 Posted : Friday, April 27, 2012 12:22:18 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Look here QW, it is common sense that a new business is a consumer of costs, thus, it is from that common sense that I say KCB Group has been there & done that as far as EAC expansion is concerned. Go run a tuck shop 1st then invest in stocks or forever rely on cartoons & keep mum about fundamentals.
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QW25091985		#30 Posted : Friday, April 27, 2012 12:31:56 PM
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood		Cde Monomotapa wrote: Look here QW, it is common sense that a new business is a consumer of costs, thus, it is from that common sense that I say KCB Group has been there & done that as far as EAC expansion is concerned. Go run a tuck shop 1st then invest in stocks or forever rely on cartoons & keep mum about fundamentals. fundamentals bore me . whats more easier going through tons and tons of reports trying to analysis them fundamentally or have a quick glance at the charts . anyway ant converting anybody to technical analysis but you go figure there ! @ GenghisCapitalLtd . you were supposed to give us some technical charts what happened . it would be nice to have something different on the forum !
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