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Equity Group FY 2015 profit before tax up 7%
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Impunity
#21 Posted : Tuesday, March 08, 2016 11:54:11 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
HAS THE PHEN-OMENA-L GROWTH OF BANKS REACHED THE FINAL PLATEAU?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ericsson
#22 Posted : Tuesday, March 08, 2016 11:57:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Banks and financial institutions follow economic growth.
Growth is not that vibrant;high interest rates,companies issuing profit warnings thereby dimming prospects of salary hikes to employees,high inflation etc are some of the reasons causing sluggish growth in banks profitability
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#23 Posted : Tuesday, March 08, 2016 12:09:12 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Impunity wrote:
HAS THE PHEN-OMENA-L GROWTH OF BANKS REACHED THE FINAL PLATEAU?

Have you seen how many listed companies have issued profit warnings???

Banks are doing very well under the circumstances!!!
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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Robinhood
#24 Posted : Tuesday, March 08, 2016 12:11:15 PM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
mlennyma wrote:
mulla wrote:
Fetero wrote:
James Mwangi is 1st pouring praises to the ONLY BEST asset owned by equity that never gets an entry in balance sheet. #His Employees!!!

Most of his employees don't share the same sentiments...at least the ones I have interacted with.
Still KCB rules with PBT up 12%

unfortunately the praises don't translate to money in their pockets which is any employees happiness


Perhaps the huge praises are to cover for something? I also have the same sentiment from talking to guys who work for meba. They just dont feel these praises very much.
Great men are not always wise, neither do the aged understand judgement...
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Realtreaty
#25 Posted : Tuesday, March 08, 2016 12:19:31 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
madebe wrote:
where can i get the presentation?

Wewe Madebe nawewe, si uende Equitybank kenya site and read?
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MaichBlack
#26 Posted : Tuesday, March 08, 2016 12:36:08 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Robinhood wrote:
mlennyma wrote:
mulla wrote:
Fetero wrote:
James Mwangi is 1st pouring praises to the ONLY BEST asset owned by equity that never gets an entry in balance sheet. #His Employees!!!

Most of his employees don't share the same sentiments...at least the ones I have interacted with.
Still KCB rules with PBT up 12%

unfortunately the praises don't translate to money in their pockets which is any employees happiness


Perhaps the huge praises are to cover for something? I also have the same sentiment from talking to guys who work for meba. They just dont feel these praises very much.

Equity Bank employees have to work. No Facebook and such at work. Your output is measured and tracked just as it is done in the US and some European countries.

Funny enough, National Bank employees have to work just as hard and keep long hours at times leaving the office at 9:00 pm - with some branches like the Kenyatta Avenue one being notorious - but no one ever talks about NBK. All talk is always about Memba! Is it the usual Memba bashing or am I missing something??
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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Fetero
#27 Posted : Tuesday, March 08, 2016 12:38:14 PM
Rank: New-farer


Joined: 1/21/2015
Posts: 31
Robinhood wrote:
mlennyma wrote:
mulla wrote:
Fetero wrote:
James Mwangi is 1st pouring praises to the ONLY BEST asset owned by equity that never gets an entry in balance sheet. #His Employees!!!

Most of his employees don't share the same sentiments...at least the ones I have interacted with.
Still KCB rules with PBT up 12%

unfortunately the praises don't translate to money in their pockets which is any employees happiness


Perhaps the huge praises are to cover for something? I also have the same sentiment from talking to guys who work for meba. They just dont feel these praises very much.

James mwangi is reincarnating himself into Richard brandson.."The most important person to your business is not the customer, its your employee!" But he is holding his pockets while saying these empty nice words! South sudan has undoubtedly claimed much of the sunk costs. This is not only in equity bank but 90% of Kenyan Firms in africa's newest country. read these earlier post here;http://allafrica.com/stories/201508101542.html
Ask & it'll be given to you,seek & you shall find..Mathew:7:7
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MaichBlack
#28 Posted : Tuesday, March 08, 2016 1:06:00 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
An almost 6 Billion hit from South Sudan!!!

Hiyo Sudan!!!!

KCB - 6 Billion.

CFC - 7 Billion.

......

And counting....
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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mlennyma
#29 Posted : Tuesday, March 08, 2016 1:24:06 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
MaichBlack wrote:
An almost 6 Billion hit from South Sudan!!!

Hiyo Sudan!!!!

KCB - 6 Billion.

CFC - 7 Billion.

......

And counting....

So far its clear that entering s sudan for all banks was disastrous and wrong timed but may be in future they will recoup their investments,
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#30 Posted : Tuesday, March 08, 2016 2:53:08 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
mlennyma wrote:
MaichBlack wrote:
An almost 6 Billion hit from South Sudan!!!

Hiyo Sudan!!!!

KCB - 6 Billion.

CFC - 7 Billion.

......

And counting....

So far its clear that entering s sudan for all banks was disastrous and wrong timed but may be in future they will recoup their investments,

The was only one problem - forex losses due to a huge currency devaluation!!!
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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mlennyma
#31 Posted : Tuesday, March 08, 2016 3:05:43 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
MaichBlack wrote:
mlennyma wrote:
MaichBlack wrote:
An almost 6 Billion hit from South Sudan!!!

Hiyo Sudan!!!!

KCB - 6 Billion.

CFC - 7 Billion.

......

And counting....

So far its clear that entering s sudan for all banks was disastrous and wrong timed but may be in future they will recoup their investments,

The was only one problem - forex losses due to a huge currency devaluation!!!

are you not factoring the loss of business due to the political unrest?
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#32 Posted : Tuesday, March 08, 2016 3:06:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#33 Posted : Tuesday, March 08, 2016 3:22:58 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown


Link? Wise move if true
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#34 Posted : Tuesday, March 08, 2016 3:27:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
It was on the twitter handle for the full year 2015 results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#35 Posted : Tuesday, March 08, 2016 3:30:55 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
Ericsson wrote:
Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown

CEO said no exit plans. They are now bagging a huge deal with UN and other NGOs to handle all the funds they send. Plus they handle embassy funds...retail banking though isnt vibrant
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hisah
#36 Posted : Tuesday, March 08, 2016 3:35:10 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I remain short the banks!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#37 Posted : Tuesday, March 08, 2016 3:38:06 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Nothing on Equitel's impact

@hisah what's your view?
"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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Ericsson
#38 Posted : Tuesday, March 08, 2016 3:58:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
'Since the South Sudan Currency devaluation started, we adopted an exit strategy' Says Equity Bank CEO J Mwangi
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#39 Posted : Tuesday, March 08, 2016 4:20:04 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
watesh wrote:
Ericsson wrote:
Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown

CEO said no exit plans. They are now bagging a huge deal with UN and other NGOs to handle all the funds they send. Plus they handle embassy funds...retail banking though isnt vibrant

ask cfc the risk of relying on that kind of business without sustainable retail business
"Don't let the fear of losing be greater than the excitement of winning."
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Fetero
#40 Posted : Tuesday, March 08, 2016 4:26:52 PM
Rank: New-farer


Joined: 1/21/2015
Posts: 31
mlennyma wrote:
watesh wrote:
Ericsson wrote:
Equity Bank has put South Sudan subsidiary in exit position meaning the subsidiary is on the verge of shutdown

CEO said no exit plans. They are now bagging a huge deal with UN and other NGOs to handle all the funds they send. Plus they handle embassy funds...retail banking though isnt vibrant

ask cfc the risk of relying on that kind of business without sustainable retail business

cfc have a story to tell to future generations of upcoming banks.Laughing out loudly Shame on you Shame on you
Ask & it'll be given to you,seek & you shall find..Mathew:7:7
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