Wazua
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Equity Bank Power
Rank: Elder Joined: 8/16/2011 Posts: 2,386
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The books are still too many to be completed. The bank that comes early is yet to give us its best results.
I can't wait to see Equity share price keep rising and expecting FY2017 to come immediately just to see none but price keep going up.
This is the week and I am planning one day to add more
Without capping Equity and its friend KCB will climb to 70
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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They padded the results by decreasing Loan Loss Provision....
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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watesh wrote:They padded the results by decreasing Loan Loss Provision.... I have seen the same thing with NIC...any plausible explanation? The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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lochaz-index wrote:watesh wrote:They padded the results by decreasing Loan Loss Provision.... I have seen the same thing with NIC...any plausible explanation? To make a fool out of us. That explains the reason of delay in releasing the results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:lochaz-index wrote:watesh wrote:They padded the results by decreasing Loan Loss Provision.... I have seen the same thing with NIC...any plausible explanation? To make a fool out of us. That explains the reason of delay in releasing the results Wonder how this will work out for them on IFRS
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote:lochaz-index wrote:watesh wrote:They padded the results by decreasing Loan Loss Provision.... I have seen the same thing with NIC...any plausible explanation? To make a fool out of us. That explains the reason of delay in releasing the results That is fatal short-termism on the banks' part. Will come back to bite them in ass sooner rather than later. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 4/21/2015 Posts: 151
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lochaz-index wrote:Ericsson wrote:lochaz-index wrote:watesh wrote:They padded the results by decreasing Loan Loss Provision.... I have seen the same thing with NIC...any plausible explanation? To make a fool out of us. That explains the reason of delay in releasing the results That is fatal short-termism on the banks' part. Will come back to bite them in ass sooner rather than later. Maybe euro bond 2 will pay all those owed by government and related institutions and they will repay their loans.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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lochaz-index wrote:watesh wrote:They padded the results by decreasing Loan Loss Provision.... I have seen the same thing with NIC...any plausible explanation?  Check again. NIC loan loss provision was increased not decreased Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 12/11/2006 Posts: 930
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What advises on loan loss provision. Should loan loss provision always go up year on year or there is a formular of determining it “Invest in yourself. Your career is the engine of your wealth.”
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Wazua
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Equity Bank Power
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