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Equity Bank Ltd Q3 2014 results
Rank: Member Joined: 8/19/2014 Posts: 125
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I like how they getting serious with the Tanzanian business, KCB should borrow ideas....banking penetration is low there, peace is high GET THAT MONEY!!!!
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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Gatheuzi wrote: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. @Gatheuzi, What's your point exactly? My response was to the reason behind China coming black Africa way than going to India. Don't you think your argument [in red] above supports what iam alluding to? Link it with my red.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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mkeiy wrote:Gatheuzi wrote: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. @Gatheuzi, What's your point exactly? My response was to the reason behind China coming black Africa way than going to India. Don't you think your argument [in red] above supports what iam alluding to? Link it with my red. "mkeiy I now see what you meant  . I had thought you were implying that China will prefer India to Africa. 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: Member Joined: 1/25/2010 Posts: 344
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50/= zone seems cleared 
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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Rank: Member Joined: 8/19/2014 Posts: 125
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[quote=innovator]Lets digest this first http://www.businessdaily...8/-/q8efbn/-/index.html[/quote] Well they moved to Wananchi Group, the next big company if Safaricom keeps sleeping on the home internet market
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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NAIROBI Jan 16 (Reuters) - Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank , or 12.22 percent of the bank's shares, to Norway's Norfininvest AS, the lender said on Friday. The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price. Equity's shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day's close of 51 shillings. Norfininvest is jointly owned by Norfund, the Norwegian Investment Fund for Developing Countries, and Norfinance AS. Norfinance was established in 2013 alongside four private Norwegian partners to invest in banks and financial institutions in Africa. Helios bought a 24.45 percent stake in Equity in 2007 for more than 11 billion shillings ($120.2 million). "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: 6,183 Location: nairobi
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mlennyma wrote:NAIROBI Jan 16 (Reuters) - Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank , or 12.22 percent of the bank's shares, to Norway's Norfininvest AS, the lender said on Friday.
The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price.
Equity's shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day's close of 51 shillings.
Norfininvest is jointly owned by Norfund, the Norwegian Investment Fund for Developing Countries, and Norfinance AS. Norfinance was established in 2013 alongside four private Norwegian partners to invest in banks and financial institutions in Africa.
Helios bought a 24.45 percent stake in Equity in 2007 for more than 11 billion shillings ($120.2 million). exercise caution when dealing with the equity stock "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/25/2010 Posts: 344
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Rank: New-farer Joined: 9/25/2012 Posts: 58 Location: kenia
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My broker told me not to sell member yet, i can see why.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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young farmer wrote:My broker told me not to sell member yet, i can see why. the last time I catched the c.e.o's eye,he was still vry optimistic owning more than 12b worth shares "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/14/2014 Posts: 178
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mlennyma wrote:mlennyma wrote:NAIROBI Jan 16 (Reuters) - Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank , or 12.22 percent of the bank's shares, to Norway's Norfininvest AS, the lender said on Friday.
The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price.
Equity's shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day's close of 51 shillings.
Norfininvest is jointly owned by Norfund, the Norwegian Investment Fund for Developing Countries, and Norfinance AS. Norfinance was established in 2013 alongside four private Norwegian partners to invest in banks and financial institutions in Africa.
Helios bought a 24.45 percent stake in Equity in 2007 for more than 11 billion shillings ($120.2 million). exercise caution when dealing with the equity stock @mlennyma fafanua zaidi... You sound almost like one Jimnah Mbaru Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Goldilocks Reloaded wrote:mlennyma wrote:mlennyma wrote:NAIROBI Jan 16 (Reuters) - Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank , or 12.22 percent of the bank's shares, to Norway's Norfininvest AS, the lender said on Friday.
The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price.
Equity's shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day's close of 51 shillings.
Norfininvest is jointly owned by Norfund, the Norwegian Investment Fund for Developing Countries, and Norfinance AS. Norfinance was established in 2013 alongside four private Norwegian partners to invest in banks and financial institutions in Africa.
Helios bought a 24.45 percent stake in Equity in 2007 for more than 11 billion shillings ($120.2 million). exercise caution when dealing with the equity stock @mlennyma fafanua zaidi... You sound almost like one Jimnah Mbaru
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Goldilocks Reloaded wrote:mlennyma wrote:mlennyma wrote:NAIROBI Jan 16 (Reuters) - Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank , or 12.22 percent of the bank's shares, to Norway's Norfininvest AS, the lender said on Friday.
The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price.
Equity's shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day's close of 51 shillings.
Norfininvest is jointly owned by Norfund, the Norwegian Investment Fund for Developing Countries, and Norfinance AS. Norfinance was established in 2013 alongside four private Norwegian partners to invest in banks and financial institutions in Africa.
Helios bought a 24.45 percent stake in Equity in 2007 for more than 11 billion shillings ($120.2 million). exercise caution when dealing with the equity stock @mlennyma fafanua zaidi... You sound almost like one Jimnah Mbaru don't say he didn't warn you! 
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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A shareholder would prefer a Nordic rather than Nigerian owning these shares. It shows that Equity still has significant upside despite the thin simcard fiasco. Sehemu ndio nyumba
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Rank: Member Joined: 1/14/2014 Posts: 178
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whiteowl wrote:Goldilocks Reloaded wrote:mlennyma wrote:mlennyma wrote:NAIROBI Jan 16 (Reuters) - Africa focused investment firm Helios will sell half its stake in Kenyan lender Equity Bank , or 12.22 percent of the bank's shares, to Norway's Norfininvest AS, the lender said on Friday.
The transaction, which requires regulatory approvals, will involve the sale of 452.9 million shares at an undisclosed price.
Equity's shares were trading at 52 Kenyan shillings on Friday, up slightly from the previous day's close of 51 shillings.
Norfininvest is jointly owned by Norfund, the Norwegian Investment Fund for Developing Countries, and Norfinance AS. Norfinance was established in 2013 alongside four private Norwegian partners to invest in banks and financial institutions in Africa.
Helios bought a 24.45 percent stake in Equity in 2007 for more than 11 billion shillings ($120.2 million). exercise caution when dealing with the equity stock @mlennyma fafanua zaidi... You sound almost like one Jimnah Mbaru don't say he didn't warn you! I am warned. Lakini bado najivunia kua Member  Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Member Joined: 1/25/2010 Posts: 344
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Equity move from 45 to now is the best. Slow doesnot bring panic and stress. Pole pole Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 1/14/2014 Posts: 178
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Interest from foreign investors on this counter is returning with a very good impact. Slow but sure. And for the record, I am now officially an Equitel user. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Member Joined: 1/25/2010 Posts: 344
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