Wazua
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Equity Bank FY 2013 results PBT up 9%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Here we go again, their livestream seems to be working better...
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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EPS up 10.12% to 3.59 DPS up 20% to 1.5 @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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PAT = 13.277B vs KCB's 14.341B @SufficientlyP
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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PBT=Ksh.19.1 billion Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Cost to Income Ratio declined from 49 to 48% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/9/2010 Posts: 132
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 Not good at all. No-wonder the stock has been declining of late. This week, foreign investors have been net seller in the counter, I guess its time to keenly watch this smart money guys, although sometime they dont appear to be smart, just insider info
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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http://equitybankgroup.c...x.php/files/download/785Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn
EPS 3.59
Dividend 1.50
- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?
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Rank: Member Joined: 11/9/2010 Posts: 132
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muganda wrote:Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn
EPS 3.59
Dividend 1.50
- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?
Mwangi et al didnt see this coming, wait for revenge in the next battle
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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muganda wrote:Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn
EPS 3.59
Dividend 1.50
- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?
Compare this E.P.S ---- 3.59 vs 4.82 D.P.S ---- 1.50 vs 2.00 Who is "fouling" who? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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vestor wrote:muganda wrote:Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn
EPS 3.59
Dividend 1.50
- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?
Mwangi et al didnt see this coming, wait for revenge in the next battle So Oigira has learnt fast though he has been in Finance long enough to know the corners.... I am moving from financials, disaster looming soon 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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Rank: Member Joined: 11/9/2010 Posts: 132
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May tier II banks are a safe bet. For the big banks, the headroom is small and a totally new game needs to be discovered to break the ceiling, while tier II banks have an oversized room for growth Angelica _ann wrote:vestor wrote:muganda wrote:Total Assets up 14% to 277bn
Customer Deposits up 16% to 194bn
Loan Potfolio up 26% to 171 bn
Profit before tax up 9% to 19bn
EPS 3.59
Dividend 1.50
- Equity Cost Income ratio at 48% compared to KCB 54%
- Equity P/E ratio at 8.9 compared to KCB P/E of 9.3
- Loan portfolio just three-quarter's of KCB's
- Net provision for bad loans Equity at 2.4bn (up 50%) compared to KCB's 996m (down 53%) - who's fooling who?
Mwangi et al didnt see this coming, wait for revenge in the next battle So Oigira has learnt fast though he has been in Finance long enough to know the corners.... I am moving from financials, disaster looming soon
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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This is scaring..if Equity goes then Kenya economy will be in trouble...critically discuss
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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dunking wrote:Compare this
E.P.S ---- 3.59 vs 4.82
D.P.S ---- 1.50 vs 2.00
Who is "fouling" who? Ahem @dunkang Not much value in comparing EPS and DPS figures, what is comparable is price/earnings and dividend yield respectively. Price/Earnings - Equity 8.9 vs KCB 9.3 Dividend yield - Equity 4.7% vs KCB 4.5%
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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muganda wrote:dunking wrote:Compare this
E.P.S ---- 3.59 vs 4.82
D.P.S ---- 1.50 vs 2.00
Who is "fouling" who? Ahem @dunkang Not much value in comparing EPS and DPS figures, what is comparable is price/earnings and dividend yield respectively. Price/Earnings - Equity 8.9 vs KCB 9.3 Dividend yield - Equity 4.7% vs KCB 4.5% A P/E of 12 is acceptable to me, so both banks have some gaps to cover. As for Div. Yield, if they increase the dividend payout ratio, growth funding takes a hit. A 5% Div yield is good for me though. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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why the doom and gloom these are good results and equity will eventually overtake KCB as most profitable bank. id buy equity over KCB at current prices. plus equity's innovation will keep its growth faster over the long term. but they are both great investments and KCB"s regional growth could keep it no. 1 for a while The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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When is books close and payment date? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Equity bank CEO has confirmed that they are interested in acquiring YU Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
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Ericsson wrote:Equity bank CEO has confirmed that they are interested in acquiring YU Equity has its sights on the Safaricom-CBA partnership with Mshwari making CBA a real threat to Equity bank's market niche. But don't put it past Equity to jump in full throttle and even target safaricom's pay tv plans by developing similar business lines. Its however always risky when a company greatly diverges from its core competencies as it may loose focus of its corporate objectives. Time will tell. Happy hunting.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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stocksmaster wrote:Ericsson wrote:Equity bank CEO has confirmed that they are interested in acquiring YU Equity has its sights on the Safaricom-CBA partnership with Mshwari making CBA a real threat to Equity bank's market niche. But don't put it past Equity to jump in full throttle and even target safaricom's pay tv plans by developing similar business lines. Its however always risky when a company greatly diverges from its core competencies as it may loose focus of its corporate objectives.Time will tell. Happy hunting. One word - SUBSIDIARIES! No one looses focus! 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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Equity Bank FY 2013 results PBT up 9%
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