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Equity Bank Q3 2015 results 12.8bn PAT
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Equity;s 12.8bn PATTook a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter. Good numbers, but I suspect some more provisions will be booked in December Sehemu ndio nyumba
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Rank: Member Joined: 8/19/2015 Posts: 125
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Provision for loss is the best practice ever in the banking industry. i like this.
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Rank: New-farer Joined: 7/1/2015 Posts: 67
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Mainat wrote:Took a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter.
Good numbers, but I suspect some more provisions will be booked in December Equitel gains?? cant see any “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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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Sam_Kibs wrote:Mainat wrote:Took a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter.
Good numbers, but I suspect some more provisions will be booked in December Equitel gains?? cant see any Equitel is still not profitable....I see no rights issue this year or early next year unless Ethiopia opens up its market. It hasn't even been proposed to and approved by the shareholders. Rights issue in a bear market is a bad idea. I heard they banked a deal with DRC govt to bank civil servants in one region plus it will recover investment in 3 years.
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Rank: Member Joined: 3/26/2012 Posts: 830
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This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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S.Mutaga III wrote:This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) Me waiting at below 15, at the core of bear! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 3/26/2012 Posts: 830
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Impunity wrote:S.Mutaga III wrote:This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) Me waiting at below 15, at the core of bear! In your dreams  A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Impunity wrote:S.Mutaga III wrote:This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) Me waiting at below 15, at the core of bear! What are people smoking??? 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:Impunity wrote:S.Mutaga III wrote:This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) Me waiting at below 15, at the core of bear! What are people smoking??? Refer to mnandii wave equation on human behavior during bear . People will hallucinate alot .
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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MaichBlack wrote:Impunity wrote:S.Mutaga III wrote:This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) Me waiting at below 15, at the core of bear! What are people smoking??? I acknowledge the Bear is real, Bangi si mboga! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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enyands wrote:MaichBlack wrote:Impunity wrote:S.Mutaga III wrote:This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30) Me waiting at below 15, at the core of bear! What are people smoking??? Refer to mnandii wave equation on human behavior during bear . People will hallucinate alot . Yeah some have become too extreme, the prices been quoted. It's one of the symptoms of a bear where the negative sediment is overstretched The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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watesh wrote:Sam_Kibs wrote:Mainat wrote:Took a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter.
Good numbers, but I suspect some more provisions will be booked in December Equitel gains?? cant see any Equitel is still not profitable....I see no rights issue this year or early next year unless Ethiopia opens up its market. It hasn't even been proposed to and approved by the shareholders. Rights issue in a bear market is a bad idea. I heard they banked a deal with DRC govt to bank civil servants in one region plus it will recover investment in 3 years. Facts about equitelNever 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: New-farer Joined: 12/27/2013 Posts: 87
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Between equity and Carbacid which better to buy. GOOD TO GREAT. KINGOTORE
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Kingotore wrote:Between equity and Carbacid which better to buy. Not comparable. But forced to reply, I would chose Equity
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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obiero wrote:Kingotore wrote:Between equity and Carbacid which better to buy. Not comparable. But forced to reply, I would chose Equity Surely @kingotore. One makes over 20 times profit of the other The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Aguytrying wrote:obiero wrote:Kingotore wrote:Between equity and Carbacid which better to buy. Not comparable. But forced to reply, I would chose Equity Surely @kingotore. One makes over 20 times profit of the other Equity all day
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:obiero wrote:Kingotore wrote:Between equity and Carbacid which better to buy. Not comparable. But forced to reply, I would chose Equity Surely @kingotore. One makes over 20 times profit of the other EPS, not PAT, is the criterion to use. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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73 million shares worth 3.2 billion shillings traded at the days maximum limit.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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I think soon and very soon the bear will be locked out temporary before it starts its perilous strong tide to the south. I a range of a month investors will make mediocre gains but they smile all the way to the bank. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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I think soon and very soon the bear will be locked out temporary before it starts its perilous strong tide to the south. I a range of a month investors will make mediocre gains but they smile all the way to the bank. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Equity Bank Q3 2015 results 12.8bn PAT
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