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Equity Bank Q1 2014 results
Rank: Member Joined: 8/3/2007 Posts: 146
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sufficiently Philanga....thropic wrote:mlennyma wrote:40 with very weak supply and substantial demand.kcb not very far now. And finally 40 prints for the 1st time in Equity's history. Can i here bells ringing  This is equivalent to 400 pre split and 1,200 pre bonus.  wow! amazing, ill board this bus in the future, in the next cycle. but with HFCK, im affiliated.... 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: 6,191 Location: nairobi
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The dynamics for hfck have changed,thats why i reduced it significantly,if it cant clock 40 with a 1bob dividend,expect a dip on monday and for this one 40 may take longer than you think..unlike equity "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:The dynamics for hfck have changed,thats why i reduced it significantly,if it cant clock 40 with a 1bob dividend,expect a dip on monday and for this one 40 may take longer than you think..unlike equity True. especially with rights coming up. I'm already looking ahead at the rights, the share prices will no longer be similar after that. Unless HFCK can grow its eps faster The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/14/2009 Posts: 244
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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No body even jm expected this,there is a demand of 2.8m at 41 and no seller ready to take it. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Tick,tock,42 taken,sellers are watching am not sure about tomorrow they might wakeup. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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At the close of business nobody is willing to take 42bob for equity. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 8/3/2007 Posts: 146
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Quote:Equity Bank has doubled service charges for over-the-counter withdrawals in a bid to decongest banking halls and direct customers to alternative channels such as ATMs and mobile banking.
Cash withdrawal charges have shot up to Sh100 from Sh50 in what Equity hopes will significantly reduce the teller-to-customer ratio in Kenya’s largest lender by client numbers. Equity doubles over-the-counter withdrawal fees
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Rank: Elder Joined: 7/22/2009 Posts: 7,589
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sorovi wrote:Quote:Equity Bank has doubled service charges for over-the-counter withdrawals in a bid to decongest banking halls and direct customers to alternative channels such as ATMs and mobile banking.
Cash withdrawal charges have shot up to Sh100 from Sh50 in what Equity hopes will significantly reduce the teller-to-customer ratio in Kenya’s largest lender by client numbers. Equity doubles over-the-counter withdrawal fees Good move! People should not be withdrawing a couple of thousands over the counter while there ATMs outside the bank. It's very expensive for the bank. And still... Quote:The Sh100 over-the-counter withdrawal fee ranks Equity level with Co-operative Bank to make them the cheapest compared to rivals KCB (Sh200), StanChart (Sh200) and Barclays Sh300 charges. 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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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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50 bob may have been the cheapest counter withdrawal charge in the banking sector. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/7/2012 Posts: 11,924
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mlennyma wrote:50 bob may have been the cheapest counter withdrawal charge in the banking sector. At your branch was 50 bob. But at away branch has been 100 bob. though this charge has been there since cant remember when ... ages! 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: 6/14/2010 Posts: 521 Location: Nairobi
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sorovi wrote:Quote:Equity Bank has doubled service charges for over-the-counter withdrawals in a bid to decongest banking halls and direct customers to alternative channels such as ATMs and mobile banking.
Cash withdrawal charges have shot up to Sh100 from Sh50 in what Equity hopes will significantly reduce the teller-to-customer ratio in Kenya’s largest lender by client numbers. Equity doubles over-the-counter withdrawal fees That's a good move to push traffic to Agencies where the Equity SIMcard is heading soon!
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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The adjustment is long overdue comparing with other players. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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1st wave took us to 39.75,2nd wave pushed us to 42.25,a third wave seems to be developing.where is it likely to take us???? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mlennyma wrote:1st wave took us to 39.75,2nd wave pushed us to 42.25,a third wave seems to be developing.where is it likely to take us???? Slight corection. In wave 2, the impulse fades out as the original buyers begin to close trades with profits(which is what we saw when Equity hit 42.25)while others who missed the train stay outside waiting for a new opportunity(37.25 low of Tuesday this week) Wave 3 is usually the longest and strongest wave. Everyone who wanted to buy-those who missed wave 1(akina Hisah,@Aguy) and those who did not(@Mlenny-will start buying now(check out the current price of 38.25) All these will create more momentum-large acceleration to the main trend. @SufficientlyP
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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I hav spotted very fierce exchange blocks of million shares changing hands at 39 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sufficiently Philanga....thropic wrote:mlennyma wrote:1st wave took us to 39.75,2nd wave pushed us to 42.25,a third wave seems to be developing.where is it likely to take us???? Slight corection. In wave 2, the impulse fades out as the original buyers begin to close trades with profits(which is what we saw when Equity hit 42.25)while others who missed the train stay outside waiting for a new opportunity(37.25 low of Tuesday this week) Wave 3 is usually the longest and strongest wave. Everyone who wanted to buy-those who missed wave 1(akina Hisah,@Aguy) and those who did not(@Mlenny-will start buying now(check out the current price of 38.25) All these will create more momentum-large acceleration to the main trend. @SPT congrats on you new acquired cartoon reading skill. You know its true, when it hit 37.xx i started thinking again, if this is the new 30-33 support. What does senior cartoon analyst @HISAH think. Notice they arent cartoons any more, they are that serious. I looked at the volumes at 42 for equity and HFCK and my instinct told me there were exit volumes. Very high volumes after an almighty rally. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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And while we are on volumes. Bamburi has been churning high volumes at what is almost a year low of 170-175. What is this? cause definitely something is happening Im actively buying this blue chip. And today ARM also experiencing high volumes The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Aguytrying wrote:Sufficiently Philanga....thropic wrote:mlennyma wrote:1st wave took us to 39.75,2nd wave pushed us to 42.25,a third wave seems to be developing.where is it likely to take us???? Slight corection. In wave 2, the impulse fades out as the original buyers begin to close trades with profits(which is what we saw when Equity hit 42.25)while others who missed the train stay outside waiting for a new opportunity(37.25 low of Tuesday this week) Wave 3 is usually the longest and strongest wave. Everyone who wanted to buy-those who missed wave 1(akina Hisah,@Aguy) and those who did not(@Mlenny-will start buying now(check out the current price of 38.25) All these will create more momentum-large acceleration to the main trend. @SPT congrats on you new acquired cartoon reading skill. You know its true, when it hit 37.xx i started thinking again, if this is the new 30-33 support. What does senior cartoon analyst @HISAH think. Notice they arent cartoons any more, they are that serious. I looked at the volumes at 42 for equity and HFCK and my instinct told me there were exit volumes. Very high volumes after an almighty rally. They come in handy in fx marts @SufficientlyP
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Equity Bank Q1 2014 results
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