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Equity Bank Q1 2015 earnings up 11%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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What is this that's just popped up... I see they've activated 700,000 Equitel sims.
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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I love the high deposit growth. Shows so much room for growth when it comes to loans. Will for sure buy more shares
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Rank: Elder Joined: 12/4/2009 Posts: 10,703 Location: NAIROBI
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Equity Group's PBT has grown by 13% to Kshs. 6.1B in Q1-2015 from Kshs. 5.4B in Q1-2014 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/14/2014 Posts: 178
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Very high upside potential. I like the large young clientele base as these, if treated well, will grow with the bank for quite some decades. 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: 3/15/2009 Posts: 360
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Ericsson wrote:Equity Group's PBT has grown by 13% to Kshs. 6.1B in Q1-2015 from Kshs. 5.4B in Q1-2014 hapa prophet owuor aligonga ndipo
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Who got membas dividend? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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mlennyma wrote:Who got membas dividend? I got mine today (may 4th) via EFT. 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: Member Joined: 1/31/2007 Posts: 304
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BGL wrote:mlennyma wrote:Who got membas dividend? I got mine today (may 4th) via EFT. Anyone via snail mail
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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moneydust wrote:BGL wrote:mlennyma wrote:Who got membas dividend? I got mine today (may 4th) via EFT. Anyone via snail mail Got mine a day before Easter....EFT. Formally employed people often live their employers' dream & forget about their own.
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Rank: New-farer Joined: 9/25/2012 Posts: 58 Location: kenia
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Got both Barclays and Equity dividends last week.
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Study and see there is a repeated pattern between 45 and 50.50 on this share which can make a good hit and run play "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:Study and see there is a repeated pattern between 45 and 50.50 on this share which can make a good hit and run play The EQTY chart is showing a classic waterfall selloff. The next low will break 45/- support. Watchout!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/22/2009 Posts: 7,467
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Best Bank in KenyaNever 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: 12/11/2006 Posts: 884
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Part of the agreement between Equity and airtel was to share voice and data revenue from Equitell in a certain percentage(airtel taking the lions share). Airtel would not allow a competitor to use its network without conditions. Thats why Safaricom and Orange refused to allow Equitel to use their networks. I predict Equitel will want to acquire a full mobile operator licence in future through finserve once they achieve a certain customer base and probably by forming a partnership “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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ngapat wrote:Part of the agreement between Equity and airtel was to share voice and data revenue from Equitell in a certain percentage(airtel taking the lions share). Airtel would not allow a competitor to use its network without conditions. Thats why Safaricom and Orange refused to allow Equitel to use their networks.
I predict Equitel will want to acquire a full mobile operator licence in future through finserve once they achieve a certain customer base and probably by forming a partnership Becoming a full telecom can be expensive. You need quite a huge number of active customers to pay maintenance fees of the infrastructure involved
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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IN SUMMARY An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft. David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court. He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment. http://www.businessdaily.../-/11srejfz/-/index.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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[quote=murchr]IN SUMMARY An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft. David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court. He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment. http://www.businessdaily...-/11srejfz/-/index.html[/quote] If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Aguytrying wrote:[quote=murchr]IN SUMMARY An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft. David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court. He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment. http://www.businessdaily...-/11srejfz/-/index.html[/quote] If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks I don't see anywhere in the article that Equity was keen to report this or even that it was responsible for exposing the fraud. This happened over a month ago. If they are on the side of angels, how come we are finding out now? Unless it is just me who had my head in the wrong place.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Aguytrying wrote:[quote=murchr]IN SUMMARY An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft. David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court. He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment. http://www.businessdaily...-/11srejfz/-/index.html[/quote] If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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iris wrote:Aguytrying wrote:[quote=murchr]IN SUMMARY An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft. David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court. He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment. http://www.businessdaily...-/11srejfz/-/index.html[/quote] If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks I don't see anywhere in the article that Equity was keen to report this or even that it was responsible for exposing the fraud. This happened over a month ago. If they are on the side of angels, how come we are finding out now? Unless it is just me who had my head in the wrong place. Who do you think is suing the UG CEO? The investor's chief problem - and even his worst enemy - is likely to be himself
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Equity Bank Q1 2015 earnings up 11%
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