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Equity Bank FY 2014 results profit after tax 29%
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maka
#71 Posted : Tuesday, March 31, 2015 1:17:43 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
watesh wrote:
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


Achievable...
possunt quia posse videntur
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Mainat
#72 Posted : Tuesday, March 31, 2015 1:30:49 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Interesting.
Would want to understand a little bit more about the approach in each of these diverse countries. Especially west where naijas are very competitive
watesh wrote:
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

Sehemu ndio nyumba
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watesh
#73 Posted : Tuesday, March 31, 2015 1:50:50 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Mainat wrote:
Interesting.
Would want to understand a little bit more about the approach in each of these diverse countries. Especially west where naijas are very competitive
watesh wrote:
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


In 3 of the countries it will do an acquisition of a mid tier bank, most probably in Nigeria and Ghana....in others it will start from scratch
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innovator
#74 Posted : Tuesday, March 31, 2015 5:37:58 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
dividends paid for those in their eft, i've got mine.
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VituVingiSana
#75 Posted : Tuesday, March 31, 2015 8:37:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Malawi, Zambia - Small economies & easy to get in there for Equity whether via an acquisition or greenfield.

Zimbabwe - A vibrant & competitive banking sector. Easy to set up. Not so easy to grow PROFITABLE market share.

Mozambique - Small economy. I expect DTB to open up there before EB.

DRC - The same model as South Sudan. Take deposits, do not make loans except to firms with assets/guarantees in Kenya. And be very profitable.

Ethiopia - That's a long way away. No foreign banks are allowed to provide full banking facilities.

Ghana - A vibrant & competitive banking sector. Easy to set up. Not so easy to grow PROFITABLE market share.

NIgeria - A vibrant & competitive banking sector. Need heft or a local partner to set up. Not so easy to grow PROFITABLE market share. Even Stanbic bought into IBTC rather than going it alone.

I see another Helios-like deal where the Shareholders Equity comes in together with a strategic (non-interfering) partner.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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watesh
#76 Posted : Thursday, April 02, 2015 8:47:05 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
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...0/-/er2mubz/-/index.html
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mlennyma
#77 Posted : Thursday, April 02, 2015 9:53:11 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
[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??Shame on you Shame on you
"Don't let the fear of losing be greater than the excitement of winning."
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Angelica _ann
#78 Posted : Thursday, April 02, 2015 9:58:57 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
mlennyma wrote:
[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??Shame on you Shame on you

That time they were part of eating on the rights issue. Citibank have been KQ bankers since IPO if 1996 and are part of institutions milking it dry kwanza during the hedging business. Wakoloni!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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watesh
#79 Posted : Thursday, April 02, 2015 10:48:07 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Angelica _ann wrote:
mlennyma wrote:
[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??Shame on you Shame on you

That time they were part of eating on the rights issue. Citibank have been KQ bankers since IPO if 1996 and are part of institutions milking it dry kwanza during the hedging business. Wakoloni!!!

They just want to downgrade the stock price and affect the shareswap acquisition plans that Equity is planning. This is very much dependent on the share price. Wakoloni kabisa!!! Dont want Kenyan companies expanding
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hisah
#80 Posted : Thursday, April 02, 2015 12:16:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Quote:
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.


Two devils trying to convince the masses smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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