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Equity Bank Q1 2012 Pre tax profit up 29%
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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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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Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi
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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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Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi
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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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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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@ Cde Monomotapa . if you keep joking that ROAR of kcb will be a murmur soon
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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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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Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi
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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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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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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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Rank: Member Joined: 9/27/2011 Posts: 123 Location: Nairobi
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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 !!!!!! Guys its too soon to write off KCB. Last year MEMBA Q1 PBT grew by a whopping 73% to 2.9b while KCB grew by 32% to 2.5b. This year all KCB's income lines grew with drawback being cost of funds and a shrinking loan book. This can be rectified and with KCB cost management becoming better who knows? The race is wide open and its a marathon which cant be judged by one quarter!
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Rank: Member Joined: 9/27/2011 Posts: 123 Location: Nairobi
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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 !!!!!! Guys its too soon to write off KCB. Last year MEMBA Q1 PBT grew by a whopping 73% to 2.9b while KCB grew by 32% to 2.5b. This year all KCB's income lines grew with drawback being cost of funds and a shrinking loan book. This can be rectified and with KCB cost management becoming better who knows? The race is wide open and its a marathon which cant be judged by one quarter!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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Well on their way to cooking the books to the biggest corporate profit in 2012. I believe that was stated somewhere as one of their goals.
Incidentally Lehman Brothers and AIG were given excellent credit ratings right before the 2008 fiasco..........
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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My 2 cents wrote:Well on their way to cooking the books to the biggest corporate profit in 2012. I believe that was stated somewhere as one of their goals.
Incidentally Lehman Brothers and AIG were given excellent credit ratings right before the 2008 fiasco.......... Phd!!! Player Haters Degree!!! Lakini mko wengi. There is comfort in numbers! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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What is the big issue here if member has beaten Roar let it be so . The problem with us Kenyans is that we dispute anything that does not us. Peace be with you
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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My 2 cents wrote:Well on their way to cooking the books to the biggest corporate profit in 2012. I believe that was stated somewhere as one of their goals.
Incidentally Lehman Brothers and AIG were given excellent credit ratings right before the 2008 fiasco.......... come on man !!!!!!!!!!! what kind of thinking is this . the same stock gave you 100% return last year but one bull rally and you cannot say thank you . so i bet you wount be buying eqiuty stocks anytime soon
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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 maligumu wrote:What is the big issue here if member has beaten Roar let it be so . The problem with us Kenyans is that we dispute anything that does not us.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Member Joined: 2/22/2010 Posts: 510 Location: De egg
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..... Suit us . Refer to my earliear post . Peace be with you
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@qw KCB will roar this year with an EPS of 5bob as promised by the chairman.. DPS will come in at 2.75 and NAV per share of 18bob.. At current prices Equity cannot touch KCBs fundamentals with a long pole.. Mark 12:29
Deuteronomy 4:16
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Equity Bank Q1 2012 Pre tax profit up 29%
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