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EQUITY vs KCB
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holycow
#81 Posted : Thursday, February 28, 2013 2:07:07 PM
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Joined: 11/11/2006
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Time to revive the thread!
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hisah
#82 Posted : Thursday, February 28, 2013 2:21:44 PM
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Joined: 8/4/2010
Posts: 8,977
KCB Group reports 14% increase in PBT to KShs 17.2 Billion while Equity bank posts PBT of 17.42B.

Simba has been knocked out by member! d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#83 Posted : Thursday, February 28, 2013 2:29:07 PM
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Now we wait to see if Mpesa bank can better that 17B PBT hurdle since EABL won't make it after the dull H1 2012 results announced a few weeks back.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#84 Posted : Thursday, February 28, 2013 2:58:22 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
Yeeeeeaaah Member fans have the last laugh....
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Cde Monomotapa
#85 Posted : Thursday, February 28, 2013 3:22:36 PM
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Joined: 1/13/2011
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OK. Now it's official. Cost of Funds at 11B v 3.9B i.e 3.72/share v 1.32/share. Happy FY '13 but that dividend Sad
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murchr
#86 Posted : Thursday, February 28, 2013 6:19:43 PM
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Joined: 2/26/2012
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the deal wrote:
Yeeeeeaaah Member fans have the last laugh....


Its been a loooooong wait for you smile
"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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iMANI
#87 Posted : Thursday, February 28, 2013 6:42:50 PM
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Joined: 2/20/2008
Posts: 84
Just noticed that the letter accompanying the results for KCB and Co-Operative Banks are signed by their Company Secretaries while that of Equity Bank is signed by the MD/CEO...
Life and beer are very similar........chill for best results.
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mwekez@ji
#88 Posted : Thursday, February 28, 2013 9:45:37 PM
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Joined: 5/31/2011
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Will equity funds be rotated from KCB to Equity Bank counter¿ The 2 counter compare well. Equity Bank now trades at a P/B and P/E of 2.4x and 8.7x respectively compared to KCB Bank’s P/B and P/E of 2.1x and 9.3x. However, Equity Bank’s ROE of 30.2% is higher than KCB Bank’s ROE of 22.9% Think
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youcan'tstopusnow
#89 Posted : Thursday, February 28, 2013 10:31:30 PM
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Joined: 3/24/2010
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mwekez@ji wrote:
Will equity funds be rotated from KCB to Equity Bank counter¿ The 2 counter compare well. Equity Bank now trades at a P/B and P/E of 2.4x and 8.7x respectively compared to KCB Bank’s P/B and P/E of 2.1x and 9.3x. However, Equity Bank’s ROE of 30.2% is higher than KCB Bank’s ROE of 22.9% Think


I have ROA for Member as 5% and that of KCB as 3.3% with the two banks showing a 23.88% and 11.09% growth respectively in Total Assets. Quality of the loan book also heavily skewed in favour of Equity. Concur?

GOD BLESS YOUR LIFE
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WWW
 Report Abusive | Report SPAM | Edit by user: Thursday, February 28, 2013 10:44 PM | Reason: Not specified
mwekez@ji
#90 Posted : Thursday, February 28, 2013 11:27:58 PM
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Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
Will equity funds be rotated from KCB to Equity Bank counter¿ The 2 counter compare well. Equity Bank now trades at a P/B and P/E of 2.4x and 8.7x respectively compared to KCB Bank’s P/B and P/E of 2.1x and 9.3x. However, Equity Bank’s ROE of 30.2% is higher than KCB Bank’s ROE of 22.9% Think


I have ROA for Member as 5% and that of KCB as 3.3% with the two banks showing a 23.88% and 11.09% growth respectively in Total Assets. Quality of the loan book also heavily skewed in favour of Equity. Concur?



Concurred. Equity Bank is a money making machine. And indeed its quality of loan book is better than KCB, Gross NPL/Loans (Equity Bank - 3.2% Vs KCB - 7.0%)
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mwekez@ji
#91 Posted : Thursday, February 28, 2013 11:52:17 PM
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#Noted, Equity Bank Loan loss provision declined 1.3% y/y on higher lending to SMEs: The Banks loan loss provision fell as a result of decreased lending to the micro sector (NPL ratio of 8.4%) and increased lending to Small and Medium sized enterprises (NPL ratio of 1.8%). Overall NPL ratio stood at 3.2%. The bank believes that it could continue to see an improvement in NPLs as it grows its SME loan book (currently 45.5% of the total loan book)
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hisah
#92 Posted : Friday, March 01, 2013 8:30:25 AM
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Joined: 8/4/2010
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Meanwhile I've set a counter on how long it takes for member's share price to surpass simba. Target is before Q1 2013 results (April 2013) assuming no post election chaos.

Is member still planing that Africa expansion? That CAPEX could slow it down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kyt
#93 Posted : Friday, March 01, 2013 8:47:45 AM
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Joined: 11/7/2007
Posts: 2,182
in a very unrelated or related matter, what do you do when your divident check gets lost? can you get another one ama immenda na maji?
kindly help.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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mnandii
#94 Posted : Friday, March 01, 2013 9:43:17 AM
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Joined: 10/11/2006
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youcan'tstopusnow wrote:
mwekez@ji wrote:
Will equity funds be rotated from KCB to Equity Bank counter¿ The 2 counter compare well. Equity Bank now trades at a P/B and P/E of 2.4x and 8.7x respectively compared to KCB Bank’s P/B and P/E of 2.1x and 9.3x. However, Equity Bank’s ROE of 30.2% is higher than KCB Bank’s ROE of 22.9% Think


I have ROA for Member as 5% and that of KCB as 3.3% with the two banks showing a 23.88% and 11.09% growth respectively in Total Assets. Quality of the loan book also heavily skewed in favour of Equity. Concur?


Very good analysis guys. Thanks to all. Applause Applause Applause
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Simplified
#95 Posted : Saturday, March 09, 2013 11:29:50 AM
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Joined: 11/26/2009
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Location: Pare pare
May member now hit 34.
Hug the bear....ride the bull.....di$mount!!!
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Cde Monomotapa
#96 Posted : Sunday, March 10, 2013 5:05:18 PM
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Joined: 1/13/2011
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When you think of a earnest KCB already working toward Equity's stellar Stats then you might want to consider KCB more. As Buffett qouted Gretsky*, "I skate to where the puck is going to be, not where it has been." #Tafakari
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hisah
#97 Posted : Monday, March 11, 2013 11:14:07 AM
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Joined: 8/4/2010
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Last chance for KCB to regain 39 handle. Failure will form a triple top and this counter will skid down very badly for those that got in at 35... Take note.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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holycow
#98 Posted : Monday, March 11, 2013 11:30:28 AM
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hisah wrote:
Last chance for KCB to regain 39 handle. Failure will form a triple top and this counter will skid down very badly for those that got in at 35... Take note.


40/= Just printed.
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kaimbaga2014
#99 Posted : Wednesday, March 05, 2014 10:26:38 AM
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Joined: 2/17/2014
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Greetings to you all.
Considering the 2013 Full year results, Which is the better buy between Equity and KCB.
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Angelica _ann
#100 Posted : Wednesday, March 05, 2014 10:28:40 AM
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Joined: 12/7/2012
Posts: 11,908
kaimbaga2014 wrote:
Greetings to you all.
Considering the 2013 Full year results, Which is the better buy between Equity and KCB.

None for now!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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