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Equity Bank HY 2015 net profit up 12%
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mlennyma
#41 Posted : Tuesday, September 15, 2015 1:17:01 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Sir invest wrote:
I said earlier that 37 was the best entry point and the reason for this rally;
1) i opine there will be massive profit for year 2015 following its cost reduction mechanisms employed recently among them ,going paperless across all branches, staff cost reduction.
2) The planned RIGHT ISSUE which of course will be at a discount will be a plus to the existing shareholder.
3) Remember Divided is "guaranteed".

you will learn about share price movements as we go on.
"Don't let the fear of losing be greater than the excitement of winning."
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ngapat
#42 Posted : Tuesday, September 15, 2015 1:22:50 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
I added a few more shares at 40/- and was hoping to add more at 35/- and 32/- but it seems like its not going there.
“Invest in yourself. Your career is the engine of your wealth.”
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Metasploit
#43 Posted : Tuesday, September 15, 2015 1:52:08 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mlennyma wrote:
Sir invest wrote:
I said earlier that 37 was the best entry point and the reason for this rally;
1) i opine there will be massive profit for year 2015 following its cost reduction mechanisms employed recently among them ,going paperless across all branches, staff cost reduction.
2) The planned RIGHT ISSUE which of course will be at a discount will be a plus to the existing shareholder.
3) Remember Divided is "guaranteed".

you will learn about share price movements as we go on.


RSI at overbought levels even by a bull market standards..Time to cash out...dont always aim to sell at the very peak

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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watesh
#44 Posted : Wednesday, September 16, 2015 9:24:25 PM
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Joined: 8/10/2014
Posts: 977
Location: Kenya
Tomorrow morning Strategic Development Briefing, no wonder share price has been sky rocketing
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Sir invest
#45 Posted : Thursday, September 17, 2015 8:46:50 AM
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Joined: 8/19/2015
Posts: 125
.
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ngapat
#46 Posted : Thursday, September 17, 2015 9:34:24 AM
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Joined: 12/11/2006
Posts: 884
Happening now


“Invest in yourself. Your career is the engine of your wealth.”
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mlennyma
#47 Posted : Thursday, September 17, 2015 10:04:38 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
watesh wrote:
Tomorrow morning Strategic Development Briefing, no wonder share price has been sky rocketing

the rally seems to have cooled down ,i expect it to shift to kcb
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#48 Posted : Thursday, September 17, 2015 11:45:05 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Reverse gear
"Don't let the fear of losing be greater than the excitement of winning."
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Sam_Kibs
#49 Posted : Thursday, September 17, 2015 12:03:09 PM
Rank: New-farer


Joined: 7/1/2015
Posts: 67
mlennyma wrote:
watesh wrote:
Tomorrow morning Strategic Development Briefing, no wonder share price has been sky rocketing

the rally seems to have cooled down ,i expect it to shift to kcb

And the downward trend begins. i see it touching 33
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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MaichBlack
#50 Posted : Thursday, September 17, 2015 12:30:21 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Sam_Kibs wrote:
mlennyma wrote:
watesh wrote:
Tomorrow morning Strategic Development Briefing, no wonder share price has been sky rocketing

the rally seems to have cooled down ,i expect it to shift to kcb

And the downward trend begins. i see it touching 33

That would good news to me. Maybe it is high time I increased my stake in this company. At 33/= I would definitely be a buyer!

Being a net buyer over the next several years, lower prices (without negative fundamentals) are music to my ears!
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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washiku
#51 Posted : Thursday, September 17, 2015 1:04:01 PM
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Joined: 5/9/2007
Posts: 13,095
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Sir invest
#52 Posted : Thursday, September 17, 2015 2:47:54 PM
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Joined: 8/19/2015
Posts: 125
Todays' investors briefing check on: http://equitybankgroup.c...x.php/files/download/876
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watesh
#53 Posted : Thursday, September 17, 2015 5:14:55 PM
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Joined: 8/10/2014
Posts: 977
Location: Kenya
There was nothing significant on that briefing, just lots of talk about Equitel and Agency banking....
In other news DRC acquisition is complete http://www.nation.co.ke/...6/-/9hfhh4z/-/index.html
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Ericsson
#54 Posted : Thursday, September 17, 2015 5:56:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
After the DRC acquisition is complete;prepare for a dilution in shareholding as the purchase is being funded by issuing shares to the sellers or Procredit Holdings.
Procredit Holdings will in turn hold 2.3% stake of equity by being issued new shares equivalent to that
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#55 Posted : Thursday, September 17, 2015 6:28:13 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
After the DRC acquisition is complete;prepare for a dilution in shareholding as the purchase is being funded by issuing shares to the sellers or Procredit Holdings.
Procredit Holdings will in turn hold 2.3% stake of equity by being issued new shares equivalent to that

wacha kaanguke I sold at 48.50 hoping to get in later
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#56 Posted : Thursday, September 17, 2015 8:47:58 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Ericsson wrote:
After the DRC acquisition is complete;prepare for a dilution in shareholding as the purchase is being funded by issuing shares to the sellers or Procredit Holdings.
Procredit Holdings will in turn hold 2.3% stake of equity by being issued new shares equivalent to that

What dilution is this people keep talking about. You "give" me a company worth 10 Billion and I give you new shares worth 10 Billion in my company! Who has been diluted? Though the company has more issued shares now, it's now worth the original value + 10 Billion.

It even gets better. I get a going concern at zero financing cost!

Would you rather own 50% of Buru Buru or 25% of Nairobi!??
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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ngapat
#57 Posted : Thursday, September 17, 2015 9:08:45 PM
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I think this will be a small dilution of little effect
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#58 Posted : Thursday, September 17, 2015 10:12:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
MaichBlack wrote:
Ericsson wrote:
After the DRC acquisition is complete;prepare for a dilution in shareholding as the purchase is being funded by issuing shares to the sellers or Procredit Holdings.
Procredit Holdings will in turn hold 2.3% stake of equity by being issued new shares equivalent to that

What dilution is this people keep talking about. You "give" me a company worth 10 Billion and I give you new shares worth 10 Billion in my company! Who has been diluted? Though the company has more issued shares now, it's now worth the original value + 10 Billion.

It even gets better. I get a going concern at zero financing cost!

Would you rather own 50% of Buru Buru or 25% of Nairobi!??

I agree with @maichblack. There is no 'dilution' coz Equity had a choice either to pay cash [which is real cash] or use its shares [PB of 2] to buy a business.

In this case, Equity learnt its lesson from Uganda by issuing shares [probably with a clawback option] for an asset. If the book is not as good as claimed then Equity [maybe] can clawback some shares. Equity trades at 2x BV so it's a good deal in my view.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#59 Posted : Friday, September 18, 2015 7:49:24 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
ngapat wrote:
I think this will be a small dilution of little effect

they better announce their rights timelines and size to clear the air going forward.rights in bear markets are not a good thing
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#60 Posted : Saturday, September 19, 2015 7:48:08 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
mlennyma wrote:
ngapat wrote:
I think this will be a small dilution of little effect

they better announce their rights timelines and size to clear the air going forward.rights in bear markets are not a good thing
Rights Issues (for solid firms) during bear markets are good for long-term investors.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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