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Equity Bank unveils its MVNO strategy
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innovator
#161 Posted : Wednesday, July 16, 2014 11:27:09 AM
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Joined: 7/24/2010
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Location: nairobi
Jm's worry is how to secure bank accounts once they are linked to mobile services.
About the net network is airtels business, and by the Bharti which owns airtel is selling its africa masts to helios which also owns 24% equity bank.
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Msa Liti
#162 Posted : Wednesday, July 16, 2014 11:45:03 AM
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Joined: 1/6/2009
Posts: 98
What is the projected max for this stock. I need to get in and the max I can get at the moment is 200k only. Would that be a good start?
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innovator
#163 Posted : Wednesday, July 16, 2014 12:24:05 PM
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The interesting thing is Britam also wants to increase its stake in equity bank.
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bird_man
#164 Posted : Wednesday, July 16, 2014 12:35:49 PM
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Joined: 11/2/2006
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innovator wrote:
The interesting thing is Britam also wants to increase its stake in equity bank.

Britam,Equity & HFCK=James Mwangi,Peter Munga & Benson Wairegi....Is the increased stake a way of giving Equity more cash?Note Equity also bailed out of HFCK to get cash.So is it that more cash is needed for Equitel launch?
Formally employed people often live their employers' dream & forget about their own.
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The optimist
#165 Posted : Wednesday, July 16, 2014 12:40:18 PM
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Joined: 6/14/2010
Posts: 521
Location: Nairobi
bird_man wrote:
innovator wrote:
The interesting thing is Britam also wants to increase its stake in equity bank.

Britam,Equity & HFCK=James Mwangi,Peter Munga & Benson Wairegi....Is the increased stake a way of giving Equity more cash?Note Equity also bailed out of HFCK to get cash.So is it that more cash is needed for Equitel launch?

Why would they need so much cash just for equitel when the infrastructure is already in place and the licences are coming at a throw away price?
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Akenyan2014
#166 Posted : Wednesday, July 16, 2014 1:08:35 PM
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Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
The optimist wrote:
bird_man wrote:
innovator wrote:
The interesting thing is Britam also wants to increase its stake in equity bank.

Britam,Equity & HFCK=James Mwangi,Peter Munga & Benson Wairegi....Is the increased stake a way of giving Equity more cash?Note Equity also bailed out of HFCK to get cash.So is it that more cash is needed for Equitel launch?

Why would they need so much cash just for equitel when the infrastructure is already in place and the licences are coming at a throw away price?


I think it is worth amending the question:
After the transaction, who among the following will grow fatter in the shortest period?

A) Equity
B) Housing Finance
C) Britam

Will Britam investment mix after the acquisition see it command more control in both mortgages business and retail banking business?
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gmg
#167 Posted : Wednesday, July 16, 2014 1:56:53 PM
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Equity owns a stake in Britam and wants to increase it. The catch is insurance sector is not much regulated as the banking sector in kenya so the directors are shifting their wealth to a less regulated sector.
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Akenyan2014
#168 Posted : Wednesday, July 16, 2014 8:24:59 PM
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Location: Nairobi, Kenya
gmg wrote:
Equity owns a stake in Britam and wants to increase it. The catch is insurance sector is not much regulated as the banking sector in kenya so the directors are shifting their wealth to a less regulated sector.


What do you mean, Britam wants to increase stake in Equity and at the same time Equity wants to increase stake in Britam. Is it a case of Cross ownership, Circular ownership or just playing the market like @Stockmaster?

What is the ultimate goal and does it have a chance for minority shareholders of both?
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VituVingiSana
#169 Posted : Thursday, July 17, 2014 12:47:11 AM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
They need to form a Holding Company then put Equity Bank, Britam and HFCK under it. Give shareholders of each entity shares in the 'parent' [Holding Company] so the 3 firms are 100% subsidiaries.

Britam/Equity Holdings will now be a Financial Supermarket but its subsidiaries operate independently [though each will cross-sell products].

HFCK concentrates on mortgages & property development.
Britam provides long-term funds to HFCK and its core insurance business.
Equity does what it does best. Banking.

Equitel can be a subsidiary of Britam/Equity Holdings with very close links to all 3 finance entities.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#170 Posted : Thursday, July 17, 2014 6:32:31 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Akenyan2014 wrote:
gmg wrote:
Equity owns a stake in Britam and wants to increase it. The catch is insurance sector is not much regulated as the banking sector in kenya so the directors are shifting their wealth to a less regulated sector.


What do you mean, Britam wants to increase stake in Equity and at the same time Equity wants to increase stake in Britam. Is it a case of Cross ownership, Circular ownership or just playing the market like @Stockmaster?

What is the ultimate goal and does it have a chance for minority shareholders of both?


Follow the money and you will not be dissapointed. Put your long term funds in HF and your riskier portfolio in EB.
Life is short. Live passionately.
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meme
#171 Posted : Thursday, July 17, 2014 6:57:54 AM
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Joined: 7/20/2011
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Location: nairobi
VituVingiSana wrote:
They need to form a Holding Company then put Equity Bank, Britam and HFCK under it. Give shareholders of each entity shares in the 'parent' [Holding Company] so the 3 firms are 100% subsidiaries.

Britam/Equity Holdings will now be a Financial Supermarket but its subsidiaries operate independently [though each will cross-sell products].

HFCK concentrates on mortgages & property development.
Britam provides long-term funds to HFCK and its core insurance business.
Equity does what it does best. Banking.

Equitel can be a subsidiary of Britam/Equity Holdings with very close links to all 3 finance entities.


This has been in pipeline since last year...
Patience. You cannot have a baby in one month by impregnating nine women....
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Aguytrying
#172 Posted : Thursday, July 17, 2014 11:43:27 AM
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Joined: 7/11/2010
Posts: 5,040
meme wrote:
VituVingiSana wrote:
They need to form a Holding Company then put Equity Bank, Britam and HFCK under it. Give shareholders of each entity shares in the 'parent' [Holding Company] so the 3 firms are 100% subsidiaries.

Britam/Equity Holdings will now be a Financial Supermarket but its subsidiaries operate independently [though each will cross-sell products].

HFCK concentrates on mortgages & property development.
Britam provides long-term funds to HFCK and its core insurance business.
Equity does what it does best. Banking.

Equitel can be a subsidiary of Britam/Equity Holdings with very close links to all 3 finance entities.


This has been in pipeline since last year...


@VVS they should have you on the board.

When britam bought the 24% HFCK stake i thought to myself, if i would have known this earlier, i would have been a britam shares buyer from a long time ago.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#173 Posted : Thursday, July 17, 2014 12:08:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Aguytrying wrote:
meme wrote:
VituVingiSana wrote:
They need to form a Holding Company then put Equity Bank, Britam and HFCK under it. Give shareholders of each entity shares in the 'parent' [Holding Company] so the 3 firms are 100% subsidiaries.

Britam/Equity Holdings will now be a Financial Supermarket but its subsidiaries operate independently [though each will cross-sell products].

HFCK concentrates on mortgages & property development.
Britam provides long-term funds to HFCK and its core insurance business.
Equity does what it does best. Banking.

Equitel can be a subsidiary of Britam/Equity Holdings with very close links to all 3 finance entities.


This has been in pipeline since last year...


@VVS they should have you at the board.

When britam bought the 24% HFCK stake i thought to myself, if i would have known this earlier, i would have been a britam shares buyer from a long time ago.
As an analyst, I met & listened to the Britam guys. I like Benson Wairegi & his team. And they are significant shareholders. Skin in the Game. This gave me extra confidence. I sold out coz the price has overtaken the value per my calculations and I have limited funds so re-deployed them.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Boris Boyka
#174 Posted : Monday, July 21, 2014 6:11:47 AM
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Joined: 11/15/2013
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A witinessi Finserve ngives his side of the story. They've done it in many nations www.standardmedia.co.ke/...to-safaricom-equity-tiff
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Tall Order
#175 Posted : Monday, July 21, 2014 9:28:39 AM
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Joined: 5/9/2014
Posts: 130
Location: Nairobi
That analysis clears the air on the side of Member but Safcom are quite unhappy with all these happenings and of course guarding Mpesa is a priority here. Which way next, for the two?
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VituVingiSana
#176 Posted : Monday, July 21, 2014 1:23:45 PM
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Joined: 1/3/2007
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Location: Nairobi
Tall Order wrote:
That analysis clears the air on the side of Member but Safcom are quite unhappy with all these happenings and of course guarding Mpesa is a priority here. Which way next, for the two?

Let them fight it out in the market. May the best provider win.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#177 Posted : Wednesday, July 30, 2014 8:17:33 PM
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Joined: 9/15/2006
Posts: 3,905
'We democratized banking, we will level telecommunication sector once and for all' Dr. James Mwangi



Did not know MPesa is so expensive, at a reported 15% according to Equity - they say they want to charge 1%. Good propaganda though, must irk the green hill...
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AE
#178 Posted : Thursday, July 31, 2014 8:13:05 AM
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Joined: 7/28/2014
Posts: 14
The thin sim card was the game changer.I hope CAK will give us the much needed alternative, else we will be suffocating under the better option!
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mlennyma
#179 Posted : Thursday, July 31, 2014 9:32:42 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Even if equity uses normal sim,it can be by far better than all other money transfers in affordability,their fortune is agents,atms and bank coverage.
"Don't let the fear of losing be greater than the excitement of winning."
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bird_man
#180 Posted : Thursday, July 31, 2014 3:08:22 PM
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AE wrote:
The thin sim card was the game changer.I hope CAK will give us the much needed alternative, else we will be suffocating under the better option!

Safaricom will then present a court case which will drag on forever forcing Equity to launch on normal SIM for the moment.
Formally employed people often live their employers' dream & forget about their own.
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