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Equity Bank - BUY - Good value, strong fundamentals
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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 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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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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mwekez@ji wrote: 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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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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4 million shares already traded today @ 35,99% foreign buyers.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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cnn wrote:4 million shares already traded today @ 35,99% foreign buyers. Am liking the going here
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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mwekez@ji wrote:cnn wrote:4 million shares already traded today @ 35,99% foreign buyers. Am liking the going here 7.8 million shares traded,the last price @35.75
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Member Joined: 8/16/2012 Posts: 660
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mwekez@ji wrote: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. Quote:
A sword cuts both ways.
Quote:Once bitten twice shy. How will the target clients respond ? Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Museveni wrote:mwekez@ji wrote: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. Quote:
A sword cuts both ways.
Quote:Once bitten twice shy. How will the target clients respond ? Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space
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Rank: Member Joined: 8/16/2012 Posts: 660
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mwekez@ji wrote:Museveni wrote:mwekez@ji wrote: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. Quote:
A sword cuts both ways.
Quote:Once bitten twice shy. How will the target clients respond ? Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space Definitely a HUGE move by Equity. But then there is CBA.. which wants to leverage on M-Pesa platform. Two bulls one pen scenario ? Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Museveni wrote:mwekez@ji wrote:Museveni wrote:mwekez@ji wrote: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. Quote:
A sword cuts both ways.
Quote:Once bitten twice shy. How will the target clients respond ? Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space Definitely a HUGE move by Equity. But then there is CBA.. which wants to leverage on M-Pesa platform. Two bulls one pen scenario ? Equity bank has half the number of bank accounts in Kenya … Equity Bank will get all the Wanjiku. …. I believe CBA is going for the high networth clients who are their main clients. ... so, the bull (equity) and the calf (CBA) are not in the same pen
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekez@ji wrote:
Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space
Equity has been acting on behalf of 4 stockbrokers, now, what will happen to us? Will we be transfered to Equity Investment or will we be dealing with our actual brokers henceforth! I always feel safe when my money is been held by an actual bank. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 8/16/2012 Posts: 660
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mwekez@ji wrote:Museveni wrote:mwekez@ji wrote:Museveni wrote:mwekez@ji wrote: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. Quote:
A sword cuts both ways.
Quote:Once bitten twice shy. How will the target clients respond ? Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space Definitely a HUGE move by Equity. But then there is CBA.. which wants to leverage on M-Pesa platform. Two bulls one pen scenario ? Equity bank has half the number of bank accounts in Kenya … Equity Bank will get all the Wanjiku. …. I believe CBA is going for the high networth clients who are their main clients. ... so, the bull (equity) and the calf (CBA) are not in the same pen Quote:“CBA Capital intends to leverage on the M-Shwari customer base to provide local and regional access to Kenya’s capital markets,” Mr Karina said. I would have thought this signals a move to go after 'wanjiku' Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Museveni wrote:mwekez@ji wrote:Museveni wrote:mwekez@ji wrote:Museveni wrote:mwekez@ji wrote: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. Quote:
A sword cuts both ways.
Quote:Once bitten twice shy. How will the target clients respond ? Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space Definitely a HUGE move by Equity. But then there is CBA.. which wants to leverage on M-Pesa platform. Two bulls one pen scenario ? Equity bank has half the number of bank accounts in Kenya … Equity Bank will get all the Wanjiku. …. I believe CBA is going for the high networth clients who are their main clients. ... so, the bull (equity) and the calf (CBA) are not in the same pen Quote:“CBA Capital intends to leverage on the M-Shwari customer base to provide local and regional access to Kenya’s capital markets,” Mr Karina said. I would have thought this signals a move to go after 'wanjiku' ... we'll see. cheers mate
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote:
Other brokers are already terrified by the loss of business to Equity Investment Bank and the new business that Equity Investment Bank will obtain. That tells alot. .... A number of wazuan already use Equity Investment Bank as their broker. Watch the space
Equity has been acting on behalf of 4 stockbrokers, now, what will happen to us? Will we be transfered to Equity Investment or will we be dealing with our actual brokers henceforth! I always feel safe when my money is been held by an actual bank. The CDC Accounts were opened at Equity Investment Bank and they have an Equity code at the start of the CDC Number. Equity was then using the brokers to execute trades which will now cease. The brokers will loose the income they were getting out of Equity Bank executing the trades through them. Equity Bank gains by now getting the brokerage commission from its large clients … In short, clients ni wa Equity Bank. Most of the clients dint even know that Equity Bank was executing the trades via the brokers
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekez@ji wrote:dunkang wrote:
Equity has been acting on behalf of 4 stockbrokers, now, what will happen to us? Will we be transfered to Equity Investment or will we be dealing with our actual brokers henceforth!
I always feel safe when my money is been held by an actual bank.
The CDC Accounts were opened at Equity Investment Bank and they have an Equity code at the start of the CDC Number. Equity was then using the brokers to execute trades which will now cease. The brokers will loose the income they were getting out of Equity Bank executing the trades through them. Equity Bank gains by now getting the brokerage commission from its large clients … In short, clients ni wa Equity Bank. Most of the clients dint even know that Equity Bank was executing the trades via the brokers But according to the following excerpt of the BD, equity has just been an agent of brokers BD wrote: .,said Equity’s acquisition of Francis Thuo had met stiff resistance from rival brokers who felt that Equity Bank’s branch network and customer base would give it unrivalled power in the market.
Equity’s investment arm has been an agent for four or five brokers – a multi-million shilling business that they now stand to lose.
“There was a feeling that the investment bank could become a monopoly in the market... Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote:dunkang wrote:
Equity has been acting on behalf of 4 stockbrokers, now, what will happen to us? Will we be transfered to Equity Investment or will we be dealing with our actual brokers henceforth!
I always feel safe when my money is been held by an actual bank.
The CDC Accounts were opened at Equity Investment Bank and they have an Equity code at the start of the CDC Number. Equity was then using the brokers to execute trades which will now cease. The brokers will loose the income they were getting out of Equity Bank executing the trades through them. Equity Bank gains by now getting the brokerage commission from its large clients … In short, clients ni wa Equity Bank. Most of the clients dint even know that Equity Bank was executing the trades via the brokers But according to the following excerpt of the BD, equity has just been an agent of brokers BD wrote: .,said Equity’s acquisition of Francis Thuo had met stiff resistance from rival brokers who felt that Equity Bank’s branch network and customer base would give it unrivalled power in the market.
Equity’s investment arm has been an agent for four or five brokers – a multi-million shilling business that they now stand to lose.
“There was a feeling that the investment bank could become a monopoly in the market... @dunkang, does your CDS A/C Number start with an Equity Bank code or another brokers code?
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Equity Bank - BUY - Good value, strong fundamentals
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