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Equity Bank - BUY - Good value, strong fundamentals
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mwekez@ji
#21 Posted : Friday, July 12, 2013 8:50:30 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Equity CEO puts brakes on further sale of his shares http://www.businessdailyafrica....4/-/10yho2k/-/index.html

... He continues to say “Mine is a perpetual investment not for trading. I am a vision investor; so people should not be expecting me to be trading my shares,”

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mwekez@ji
#22 Posted : Thursday, August 15, 2013 3:16:34 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
smile

BIDS 241,100
Quantity Price Splits Time
50,000 34.25 1 15:10:50
3,900 33.75 3 15:10:50
50,000 33.50 1 15:10:50
200 32.75 1 15:10:50
137,000 31.00 1 15:10:50
ASKS -
Quantity Price Splits Time
- - - -
- - - -
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
11,800 35.00 14:59:40
14,300 35.00 14:59:19
985,700 35.00 14:59:17
1,500 35.00 14:59:16
500 35.00 14:59:16
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cnn
#23 Posted : Thursday, August 15, 2013 3:19:13 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
mwekez@ji wrote:
smile

BIDS 241,100
Quantity Price Splits Time
50,000 34.25 1 15:10:50
3,900 33.75 3 15:10:50
50,000 33.50 1 15:10:50
200 32.75 1 15:10:50
137,000 31.00 1 15:10:50
ASKS -
Quantity Price Splits Time
- - - -
- - - -
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
11,800 35.00 14:59:40
14,300 35.00 14:59:19
985,700 35.00 14:59:17
1,500 35.00 14:59:16
500 35.00 14:59:16

Yap,i read some intent right there.
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cnn
#24 Posted : Friday, August 16, 2013 12:31:58 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
4 million shares already traded today @ 35,99% foreign buyers.
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mwekez@ji
#25 Posted : Friday, August 16, 2013 12:34:13 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
cnn wrote:
4 million shares already traded today @ 35,99% foreign buyers.


Am liking the going here smile
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cnn
#26 Posted : Friday, August 16, 2013 3:03:58 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
mwekez@ji wrote:
cnn wrote:
4 million shares already traded today @ 35,99% foreign buyers.


Am liking the going here smile

7.8 million shares traded,the last price @35.75
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mwekez@ji
#27 Posted : Tuesday, August 20, 2013 9:24:28 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Equity Investment Bank join NSE #The Game Changer smile >>> https://www.nse.co.ke/media-cent...a-capital-eib-19-08-2013
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mwekez@ji
#28 Posted : Tuesday, August 20, 2013 9:35:06 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#29 Posted : Tuesday, August 20, 2013 9:23:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Old Mutual Securities

We initiate coverage on Equity Bank with a BUY recommendation based on a fair value of KES 40.74, implying 21% upside potential from the current market price. Our investment case is informed by the expected 11.09% earnings growth in FY2013E. The Bank is trading on a forward PE of 7.5x, PBV 2.25x and ROE 30.5%. The Country economic outlook is expected to increase over the coming years (Kenya government forecast of 5.6%, World Bank forecast of 5.9% in FY13E), where we believe the banking sector will be a major beneficiary. We believe that the loan book growth (5 year CAGR of 10.39% to 2017F) will drive growth in net interest income; in addition, the increased transactional income from the current 8.3M customers will drive non-funded income.

Agency banking should reduce the cost to income ratio (to 48.12 % in FY13E) and help keep cost of funds low by attracting low cost deposits. For FY13E, we estimate an EPS of KES 4.53 (+38.85% y/y) with lending in the next 2 quarters expected to make up for the modest growth in 1Q13.

The Bank is the largest listed bank in terms of customer numbers, with a customer base of 8.3 Million and second largest in terms of asset base, which stands at KES 261.5B after KCB with an asset base of KES 369.54B.

The pioneer bank in agency banking model is well positioned to take the model regional.

more >>> http://www.oldmutual.co.ke/v5/d...uritiesReportBanking.pdf
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  | | Edit by user: Tuesday, August 20, 2013 9:43 PM | Reason: Not specified
mwekez@ji
#30 Posted : Tuesday, August 20, 2013 10:21:18 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Equity’s buyout of collapsed broker causes a stir at NSE #The Game Changer

Equity Bank’s acquisition of stockbroker Francis Thuo & Partners was concluded amidst stiff resistance by other market intermediaries fearing domination and loss of business from the lender, it has emerged.

Equity, which is Kenya’s largest lender by the number of customer accounts, has been negotiating the acquisition in the past few weeks amid stiff resistance from other brokers with an interest in the bank’s stock market portfolio.

People familiar with the transaction said Equity Investment Bank, a subsidiary of Equity Bank, had acquired Francis at a price of Sh150 million.
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