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Equity Bank FY 2014 results profit after tax 29%
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Boris Boyka wrote:mlennyma wrote:mlennyma wrote:jwatesh wrote:Just bought a huge bulk of equity stock at 52 at market open, I dont think we will be seeing that price ever again equity will still trade at 47 range bwana having gone ex-div next week is a tough week for equity, iam watching for the above prophecy going forward. The prophesy is okay! we won't be seeing 52 soon. He didn't specify. whether we shall see a higher or lower figure. We surely don't know what we shall see. you can read the mind of this man,you can't buy a share in bulk anticipating a price fall. "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: 6,194 Location: nairobi
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47.50 is how low it came before up turn "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Member has decided to do a meg a expansion!!!!! DRC,Somalia,Ethiopia here we come!!!! http://www.businessdaily.../0/-/mkagc1/-/index.html
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Rank: Elder Joined: 7/22/2009 Posts: 7,858
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MaichBlack wrote:mlennyma wrote:I thought banks hav reached growth pick but seems the sky will be the limit. dunkang wrote:WOLOLO!
Yaani this Tier 1 banks are still making double digit profits growth???? And the way i had written them off!
Mid-tier banks must make us much more! Lets just hope so! 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 #9And Now to the Good News (One year later)... Africa Here We Come!!!!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: Veteran Joined: 9/18/2014 Posts: 1,127
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MaichBlack wrote:MaichBlack wrote:mlennyma wrote:I thought banks hav reached growth pick but seems the sky will be the limit. dunkang wrote:WOLOLO!
Yaani this Tier 1 banks are still making double digit profits growth???? And the way i had written them off!
Mid-tier banks must make us much more! Lets just hope so! 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 #9And Now to the Good News (One year later)... Africa Here We Come!!!! @maich I agree with you 100% the management team at equity bank is nimble and agile enough to respond to changing market dynamics if not reinvent them all together. #stayinvested. Agency banking provided the quantum leap for indigineous banks over bbk and scbk. Check the mobile money and thin sim plays(if it comes to fruition) for further widening of the gap. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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MaichBlack wrote:MaichBlack wrote:mlennyma wrote:I thought banks hav reached growth pick but seems the sky will be the limit. dunkang wrote:WOLOLO!
Yaani this Tier 1 banks are still making double digit profits growth???? And the way i had written them off!
Mid-tier banks must make us much more! Lets just hope so! 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 #9And Now to the Good News (One year later)... Africa Here We Come!!!! Ksh20 billion in stocks plus ksh7.2 billion loan from the IFC, all for growth...wow how much does KCB have?
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Rank: Elder Joined: 7/22/2009 Posts: 7,858
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watesh wrote:Ksh20 billion in stocks plus ksh7.2 billion loan from the IFC, all for growth...wow how much does KCB have? 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 used 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...". 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: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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MaichBlack wrote:watesh wrote:Ksh20 billion in stocks plus ksh7.2 billion loan from the IFC, all for growth...wow how much does KCB have? 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...". SPOT ON!!!!
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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watesh wrote:MaichBlack wrote:watesh wrote:Ksh20 billion in stocks plus ksh7.2 billion loan from the IFC, all for growth...wow how much does KCB have? 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...". SPOT ON!!!! If only they knew!! Wacha they bash... Great men are not always wise, neither do the aged understand judgement...
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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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
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