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Equity Bank Q1 2015 earnings up 11%
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana 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 At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions. Precisely. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:VituVingiSana 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 At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions. Precisely. Endeleeni kujipondoa pondoa tu, bora mpunguze mbus politics kwa ndege. @Aguy bado Alcoblow @TPS KE, you should be more concerned about that. @VVS tukitoboa KQ we'll let you know. Keep looking for good businesses, we'll look for good investments. That should be in order.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Cde Monomotapa wrote:Aguytrying wrote:VituVingiSana 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 At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions. Precisely. Endeleeni kujipondoa pondoa tu, bora mpunguze mbus politics kwa ndege. @Aguy bado Alcoblow @TPS KE, you should be more concerned about that. @VVS tukitoboa KQ we'll let you know. Keep looking for good businesses, we'll look for good investments. That should be in order. comrade you've found you voice again. TPS is facing serious headwinds, This government imeshindwa na kazi The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:Cde Monomotapa wrote:Aguytrying wrote:VituVingiSana 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 At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions. Precisely. Endeleeni kujipondoa pondoa tu, bora mpunguze mbus politics kwa ndege. @Aguy bado Alcoblow @TPS KE, you should be more concerned about that. @VVS tukitoboa KQ we'll let you know. Keep looking for good businesses, we'll look for good investments. That should be in order. comrade you've found you voice again. TPS is facing serious headwinds, This government imeshindwa na kazi My voice is very much intact brother only less for incessant griping. This country needs solutions and more people who can generate them. Politicizing every darn thing doesn't help. Politicizing sensitive issues like security doesn't help, we're all affected. Now, that being the position we're in we here have to navigate and come out tops. That's the best we can do.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Cde Monomotapa wrote:Aguytrying wrote:Cde Monomotapa wrote:Aguytrying wrote:VituVingiSana 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 At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions. Precisely. Endeleeni kujipondoa pondoa tu, bora mpunguze mbus politics kwa ndege. @Aguy bado Alcoblow @TPS KE, you should be more concerned about that. @VVS tukitoboa KQ we'll let you know. Keep looking for good businesses, we'll look for good investments. That should be in order. comrade you've found you voice again. TPS is facing serious headwinds, This government imeshindwa na kazi My voice is very much intact brother only less for incessant griping. This country needs solutions and more people who can generate them. Politicizing every darn thing doesn't help. Politicizing sensitive issues like security doesn't help, we're all affected. Now, that being the position we're in we here have to navigate and come out tops. That's the best we can do. Take all these chaps who stole from the public purse out to a field. One shot in the face. A 2nd shot in the back of the head. Then let the others know that this shall be their fate if... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder You have been a member since:: 12/4/2009 Posts: 10,703 Location: NAIROBI
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Equity bank and African Development Bank sign sh.15bn loan deal for small and micro enterprises. Equity Bank is of late taking aloat of these type of loans. Now nearly 20% of their asset base Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Ericsson wrote:Equity bank and African Development Bank sign sh.15bn loan deal for small and micro enterprises.
Equity Bank is of late taking aloat of these type of loans.
Now nearly 20% of their asset base Well borrow at low interest and give out of higher interests...am betting net interest margin is over 10% here and the demand for SME loans is so high. An area they have perfected in.
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Rank: Elder You have been a member since:: 12/4/2009 Posts: 10,703 Location: NAIROBI
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@watesh what happened to customer deposits Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Ericsson wrote:@watesh
what happened to customer deposits Currently growing at 35% but these guy actually use more than 90% of the deposits in lending. Big companies demand higher interest for their deposits so sometimes a loan is more logical since it may have a higher interest margin than the expensive deposits. Remember Equity is in 6 countries, each of them needs capital, from the books last year Tz was growing so fast so more money for lending may be needed
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Rank: Veteran Joined: 7/1/2014 Posts: 906 Location: sky
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Looks like Helios cannot take up its rights in a rights issue hence the exit
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Rank: Elder Joined: 7/22/2009 Posts: 7,467
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watesh wrote:Looks like Helios cannot take up its rights in a rights issue hence the exit Twende kazi! I am one of the investors with a long term view of this (our) bank! I will provide additional capital etc. etc. etc. I am sure going forward I will reap even more handsome dividends and one day probably leave the shares to my kids! Have never seen the need to sell. The usual ups and downs of the price don't bother me. I am not a trader! Nothing against traders. 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: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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MaichBlack wrote:watesh wrote:Looks like Helios cannot take up its rights in a rights issue hence the exit Twende kazi! I am one of the investors with a long term view of this (our) bank! I will provide additional capital etc. etc. etc. I am sure going forward I will reap even more handsome dividends and one day probably leave the shares to my kids! Have never seen the need to sell. The usual ups and downs of the price don't bother me. I am not a trader! Nothing against traders. True . I'm on same boat as you
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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enyands wrote:MaichBlack wrote:watesh wrote:Looks like Helios cannot take up its rights in a rights issue hence the exit Twende kazi! I am one of the investors with a long term view of this (our) bank! I will provide additional capital etc. etc. etc. I am sure going forward I will reap even more handsome dividends and one day probably leave the shares to my kids! Have never seen the need to sell. The usual ups and downs of the price don't bother me. I am not a trader! Nothing against traders. True . I'm on same boat as you Am piling more shares for the rights issue so as to get a bigger allocation...These guys will need the 140bn as soon as Ethiopia decides to open up.
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Rank: Member Joined: 1/31/2007 Posts: 304
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What is not happening with Equity shares today?
It has touched a low of 37.
Is there a shocker in the offing??
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Rank: Member Joined: 1/31/2007 Posts: 304
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moneydust wrote:What is not happening with Equity shares today?
It has touched a low of 37.
Is there a shocker in the offing??
Heavy volume trading...
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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moneydust wrote:moneydust wrote:What is not happening with Equity shares today?
It has touched a low of 37.
Is there a shocker in the offing??
Heavy volume trading... I guess nothing, equity share is just allergic to kcb share price dropping near it. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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moneydust wrote:moneydust wrote:What is not happening with Equity shares today?
It has touched a low of 37.
Is there a shocker in the offing??
Heavy volume trading... Haven't you heard the bear is in town? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/31/2007 Posts: 304
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Aguytrying wrote:moneydust wrote:moneydust wrote:What is not happening with Equity shares today?
It has touched a low of 37.
Is there a shocker in the offing??
Heavy volume trading... Haven't you heard the bear is in town? Even with the bear,the rate at which it is sliding is alarming,and with the heavy volume you got to wonder what do these big investors know that we dont know??
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Rank: Member Joined: 1/31/2007 Posts: 304
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mlennyma wrote:moneydust wrote:moneydust wrote:What is not happening with Equity shares today?
It has touched a low of 37.
Is there a shocker in the offing??
Heavy volume trading... I guess nothing, equity share is just allergic to kcb share price dropping near it. At some point in this slide you would expect some fundamental analysis to kick in or are we in panic central??
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