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Equity Bank Ltd Q3 2014 results
Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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jwatesh wrote:Equitel marketing budget was Ksh2 billion, Dr James Mwangi says they havn't touched it since Safaricom marketed for them free of charge... So far 200,000 Equitel customers with 6700 new ones per day....thin sim coming by Christmas You have to give him credit on that. The branches simply redeployed extra personnel especially the cute chicks to handle Equitel activations.
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Rank: Member Joined: 9/12/2014 Posts: 120 Location: Nyali
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kollabo wrote:jwatesh wrote:Equitel marketing budget was Ksh2 billion, Dr James Mwangi says they havn't touched it since Safaricom marketed for them free of charge... So far 200,000 Equitel customers with 6700 new ones per day....thin sim coming by Christmas You have to give him credit on that. The branches simply redeployed extra personnel especially the cute chicks to handle Equitel activations. enrolled yesterday @ Kengeleni Mombasa.what surprised me is the fact that there were more customers on the equitel counter than on the other counters.The marketing posters are also conveniently as well as stylishly located.This equitel thing is going to revolutionize the lives of Kenyans than we ever imagined!
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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Mangs wrote:Safaricom certainly still have their dirty tricks up the sleeve; they may have sent "new customers" to buy the EQT thin sims and make it look like the customer base is amazing only for these "new customers" to disappear after the roll-out. Airtel & Yu both learnt this the hard way. Getting a pie from the incumbent is always a tall order but let's grab our popcorn jars, sit on the couch and enjoy the fight. It doesn't have to get that desperate. And NO, Safcom didn't sent us.
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Rank: Member Joined: 11/15/2010 Posts: 454 Location: Nairobi
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I have been watching Member for a while now and he has refused to come down below 50 for me to load more. Question is this Mbus worth riding @51 Bob for short term gain (1 year) or is it profit taking session. ....He who began a good work in you will carry it on to completion..
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Rank: Member Joined: 12/11/2006 Posts: 884
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ION Equity Bank restructuring to form new holding company“Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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It will be a bruising war and Equity will win this game if its customers will support it. There was a time Barclays was the boss and we know where they are right now. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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J M is a real man with many cards on him releasing one at a time. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Quote:In the last two months Equity bank has employed at least 600 new staff. Equity is on an expansion strategy and we have never, over the last 20 years retrenched and I can say it will not happen in the next ten years, he [Dr. James Mwangi] assured. Quote:There is a perception that we were given one year. Central Bank of Kenya (CBK) and Communications Authority of Kenya (CA) gave us unconditional licenses and its CA which said it will require one year to monitor the technology, 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: 7/22/2009 Posts: 7,460
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I told 'you' [everyone] so!!! Friday 28th February 2014 Link Ndio hii. Post #21Never 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: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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You were on point. 
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Rank: Member Joined: 8/19/2014 Posts: 125
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tinker wrote:I have been watching Member for a while now and he has refused to come down below 50 for me to load more. Question is this Mbus worth riding @51 Bob for short term gain (1 year) or is it profit taking session. Am riding this bus till it sets up shop in Nigeria and the Ethiopians open up banking for Member to go in
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@the deal, remember the wager on this counter. Leta Jack Daniels!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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We will reap big from the construction of the standard gauge railway,this project requires banks with a large balance sheet and equity is already in talks with all the contractors for financing agreements we can't wait to see the growth when the projects gains motion...says J.m "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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mlennyma wrote:We will reap big from the construction of the standard gauge railway,this project requires banks with a large balance sheet and equity is already in talks with all the contractors for financing agreements we can't wait to see the growth when the projects gains motion...says J.m 1) The Chinese are financing it and building it so why the need for local financing? What GoK is financing has and will be raised from the Eurobond & Infrastructure Bonds. Whereas ALL banks can/will buy the infrastructure bonds, banks prefer lending at much higher rates/spreads to the private sector. 2) There may be some local financing for some local firms but the Chinese will probably find a way into this market as well. They have trillions of $$$ so why not venture into this sector? It is only a matter of time until a Chinese Bank buys into a local bank. Real value in the short term comes from ancillary industries that can spring up around the SGR construction. Hopefully, this results in skills transfer that leads to long-term benefits. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Chinese are financing but all sub contractor's can only be paid after they have undertaken their work using their finances, you can't imply that the Chinese will lend money to everybody infact most of that chinese money will land in our local banks, even the gvt,'s stake will be paid to contractors who have already spent their own money to deliver their work "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 8/19/2014 Posts: 125
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VituVingiSana wrote:mlennyma wrote:We will reap big from the construction of the standard gauge railway,this project requires banks with a large balance sheet and equity is already in talks with all the contractors for financing agreements we can't wait to see the growth when the projects gains motion...says J.m 1) The Chinese are financing it and building it so why the need for local financing? What GoK is financing has and will be raised from the Eurobond & Infrastructure Bonds. Whereas ALL banks can/will buy the infrastructure bonds, banks prefer lending at much higher rates/spreads to the private sector. 2) There may be some local financing for some local firms but the Chinese will probably find a way into this market as well. They have trillions of $$$ so why not venture into this sector? It is only a matter of time until a Chinese Bank buys into a local bank. Real value in the short term comes from ancillary industries that can spring up around the SGR construction. Hopefully, this results in skills transfer that leads to long-term benefits. Contractors paid for work done and certified so they have to either use retained earnings or short term loans. The Chinese banks will not handle local lending but just lend to the China based companies which will look for funds in China then come spend it here. China banks already have a HUGE Asian market especially India with a billion people why come to unstable Africa before handling Asian countries next door first
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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jwatesh wrote:VituVingiSana wrote:mlennyma wrote:We will reap big from the construction of the standard gauge railway,this project requires banks with a large balance sheet and equity is already in talks with all the contractors for financing agreements we can't wait to see the growth when the projects gains motion...says J.m 1) The Chinese are financing it and building it so why the need for local financing? What GoK is financing has and will be raised from the Eurobond & Infrastructure Bonds. Whereas ALL banks can/will buy the infrastructure bonds, banks prefer lending at much higher rates/spreads to the private sector. 2) There may be some local financing for some local firms but the Chinese will probably find a way into this market as well. They have trillions of $$$ so why not venture into this sector? It is only a matter of time until a Chinese Bank buys into a local bank. Real value in the short term comes from ancillary industries that can spring up around the SGR construction. Hopefully, this results in skills transfer that leads to long-term benefits. Contractors paid for work done and certified so they have to either use retained earnings or short term loans. The Chinese banks will not handle local lending but just lend to the China based companies which will look for funds in China then come spend it here. China banks already have a HUGE Asian market especially India with a billion people why come to unstable Africa before handling Asian countries next door first Well, China's construction [& many, many others] firms are already in 'unstable' Africa. And through (20%) Stanbic, China's largest bank is already in 'unstable' Africa. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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jwatesh wrote:VituVingiSana wrote:mlennyma wrote:We will reap big from the construction of the standard gauge railway,this project requires banks with a large balance sheet and equity is already in talks with all the contractors for financing agreements we can't wait to see the growth when the projects gains motion...says J.m 1) The Chinese are financing it and building it so why the need for local financing? What GoK is financing has and will be raised from the Eurobond & Infrastructure Bonds. Whereas ALL banks can/will buy the infrastructure bonds, banks prefer lending at much higher rates/spreads to the private sector. 2) There may be some local financing for some local firms but the Chinese will probably find a way into this market as well. They have trillions of $$$ so why not venture into this sector? It is only a matter of time until a Chinese Bank buys into a local bank. Real value in the short term comes from ancillary industries that can spring up around the SGR construction. Hopefully, this results in skills transfer that leads to long-term benefits. Contractors paid for work done and certified so they have to either use retained earnings or short term loans. The Chinese banks will not handle local lending but just lend to the China based companies which will look for funds in China then come spend it here. China banks already have a HUGE Asian market especially India with a billion people why come to unstable Africa before handling Asian countries next door first India is not like black Africa. They ahve their conglomerates which can rival the Chinese,they've got the man power and the government.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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mkeiy wrote:jwatesh wrote:VituVingiSana wrote:mlennyma wrote:We will reap big from the construction of the standard gauge railway,this project requires banks with a large balance sheet and equity is already in talks with all the contractors for financing agreements we can't wait to see the growth when the projects gains motion...says J.m 1) The Chinese are financing it and building it so why the need for local financing? What GoK is financing has and will be raised from the Eurobond & Infrastructure Bonds. Whereas ALL banks can/will buy the infrastructure bonds, banks prefer lending at much higher rates/spreads to the private sector. 2) There may be some local financing for some local firms but the Chinese will probably find a way into this market as well. They have trillions of $$$ so why not venture into this sector? It is only a matter of time until a Chinese Bank buys into a local bank. Real value in the short term comes from ancillary industries that can spring up around the SGR construction. Hopefully, this results in skills transfer that leads to long-term benefits. Contractors paid for work done and certified so they have to either use retained earnings or short term loans. The Chinese banks will not handle local lending but just lend to the China based companies which will look for funds in China then come spend it here. China banks already have a HUGE Asian market especially India with a billion people why come to unstable Africa before handling Asian countries next door first India is not like black Africa. They ahve their conglomerates which can rival the Chinese,they've got the man power and the government. The present black Africa is not similar to the largely unstable ungovernable gvts we had in the 90s. We have a large growing middle class and fairly competitive democracies. For you to leap from upcoming growth, you must invest in Africa now. China knows that. Of course they can add a default risk premium to Africa higher than that charged to US or say India. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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J M www.standardmedia.co.ke/...rity-tax-collection-dealEverybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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