There is one thing that wazuans get wrong and they repeat over and over without being challenged. The assumption that some companies (And especially Banks in the case of Wazuans) have reached maturity level. Just the other day I saw someone being advised to avoid Equity and KCB because "...they have reached maturity and there is little growth/upward movement (something like that)...".

Nothing can be further from the truth!!! If you want to know if a company has reached maturity, ask yourself (or the people managing the company), where (according to long term plans) was the company headed? Has it reached there? If so, what is the next plan (in terms of growth). If not, how far of are they??

For Equity bank, the long term plan is to become a Pan African bank. James Mwangi will tell you this any day of the week free of charge!!! How much of Africa has Equity Bank covered? Less than 5%!!! You get my drift??? The journey has just began. We have 95% of the journey to cover.

As people are busy saying "Tanzanians will always be hostile to Kenyan business", "It will be impossible for a Kenya bank to compete in Nigeria", "The South African financial system is too developed and mature bla bla bla", the companies are busy growing!!!

If Equity and other companies are serious about their "Afican Agenda", they can grow at the current rates (or even more) for decades - not years!!

Multinationals - Like Barclays Bank - Don't hold your breath. Barclays Bank Kenya - the one whose shares you own, will be limited to Kenya. If they want to grow, they must grow within Kenya!!! And that is the disadvantage of Vodafone owning a huge percentage of Safaricom. They will not allow Safaricom to compete with them in other African (or World) countries. But that is a story for another day.

Allow me to once again tell you, I told you so.

I did so Thursday April 2014. Here is the link: Post #9

And Now to the Good News (One year later)...

Africa Here We Come!!!!

We are going places!!!

#StayInvested

This share has been bashed so much in Wazua and the "bashers" never learn.

There was a time during SK days people use to start a new thread every day to bash Equity. Oh, it is collapsing, Oh, it is a 'political' bank, oh, bla bla bla....

If those fellows just invested instead of peddling rumours, they would have made tonnes of money by now. As it is, ni porojo tu, waiting to label you an Illuminati some time in the future. "Watesh alitoa wapi hiyo pesa yote na tulikuwa tunafanya kampuni moja? I even used to earn more than him. bla bla bla...".

From the AGM on expansion:
Plans to set up in 15 countries within 10 years. First 5 Malawi, Zambia, Zimbabwe, Mozambique, DRC and Ethiopia...Last 5 years, Ghana, Nigeria....plans 100million customers by 2025. Will spend sh200b within the 10 years, 20b shareswaps, 40b debt and IPO or rights issue for sh140b.....AMBITIOUS

[quote=watesh]Citibank declares Equity stocks as high risk and SELL...hahaha am never selling. The price has been over 48 since October 2014, I dont see any crisis that is affecting the bank RINK>>> http://www.businessdaily.../-/er2mubz/-/index.html[/quote]
they also declared kenya airways a buy at 14bob,so what??

Although Citi analysts were bearish about the stock’s price, those at local market intermediary Dyer and Blair Investment Bank were more bullish expecting accelerated growth in non-interest income while the loan book and deposits grow, though they did not declare a target price.