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Equity Bank - BUY - Good value, strong fundamentals
Rank: Member Joined: 8/16/2012 Posts: 661
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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: 661
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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: 4,824 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: 661
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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: 4,824 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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