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Equity Bank FY 2018 net profit up 5%
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Ericsson
#1 Posted : Tuesday, March 26, 2019 1:32:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
We will be announcing the 2018 Full Year Financial results for Equity Group Holdings Plc today, Tuesday 26th March, from 2.30 pm. You can join in the conversation on #Equity2018FYResults
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Ericsson
#2 Posted : Tuesday, March 26, 2019 3:50:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Equity profits grow to Kshs. 28.5 billion; a profit growth of 6%

5% increase in net profit to Sh.19.8 billion in 2018 up from Sh.18.9billion in 2017

The total assets have grown by 9% from 524.5B in 2017 to 573.4B in 2018 supported by 26% government securities, 6% net loans
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Balaa
#3 Posted : Tuesday, March 26, 2019 4:01:21 PM
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No sound on the livestreaming!
If it don't make dollars, it don't make sense
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young
#4 Posted : Tuesday, March 26, 2019 5:07:32 PM
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Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Any dividend declared ?
What is the value ?

Thank you.
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xxxxx
#5 Posted : Tuesday, March 26, 2019 5:10:17 PM
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Joined: 3/20/2008
Posts: 503
young wrote:
Any dividend declared ?
What is the value ?

Thank you.


Must be a lousy dividend....otherwise it would have been announced firstLaughing out loudly
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bartum
#6 Posted : Tuesday, March 26, 2019 5:25:08 PM
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Joined: 8/11/2010
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Location: nairobi
xxxxx wrote:
young wrote:
Any dividend declared ?
What is the value ?

Thank you.


Must be a lousy dividend....otherwise it would have been announced firstLaughing out loudly

Lousy results
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BGL
#7 Posted : Tuesday, March 26, 2019 5:26:10 PM
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Joined: 10/11/2009
Posts: 1,223
bartum wrote:
xxxxx wrote:
young wrote:
Any dividend declared ?
What is the value ?

Thank you.


Must be a lousy dividend....otherwise it would have been announced firstLaughing out loudly

Lousy results


2 bob
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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xxxxx
#8 Posted : Tuesday, March 26, 2019 5:31:56 PM
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Joined: 3/20/2008
Posts: 503
BGL wrote:
bartum wrote:
xxxxx wrote:
young wrote:
Any dividend declared ?
What is the value ?

Thank you.


Must be a lousy dividend....otherwise it would have been announced firstLaughing out loudly

Lousy results


2 bob


I knew itLaughing out loudly Laughing out loudly
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Marthegorgeous
#9 Posted : Tuesday, March 26, 2019 5:40:27 PM
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Joined: 12/16/2009
Posts: 34
Location: NAIROBI
The dividend is amazing but lacking grace.
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FUNKY
#10 Posted : Tuesday, March 26, 2019 5:56:12 PM
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Joined: 4/30/2010
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since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better
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Ebenyo
#11 Posted : Tuesday, March 26, 2019 7:15:21 PM
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Location: Kitale
Equity is taking a cautious approach to business which is good.
Towards the goal of financial freedom
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xxxxx
#12 Posted : Tuesday, March 26, 2019 7:22:59 PM
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Joined: 3/20/2008
Posts: 503
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better


It shouldn't be a shocker given the run rate as @Obiero observed. But also the piling up of govt paper as opposed to lending isn't so bad given the uncertain environment
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Angelica _ann
#13 Posted : Tuesday, March 26, 2019 7:24:11 PM
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Joined: 12/7/2012
Posts: 11,908
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ebenyo
#14 Posted : Tuesday, March 26, 2019 8:44:41 PM
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Posts: 1,997
Location: Kitale
Angelica _ann wrote:
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!


@Angelina,they were scared of npls given their core target base.But signs are that cap rate will come to to an end.Then they will return to shiko.
Towards the goal of financial freedom
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cyruskulei
#15 Posted : Wednesday, March 27, 2019 11:28:35 AM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
Ebenyo wrote:
Angelica _ann wrote:
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!


@Angelina,they were scared of npls given their core target base.But signs are that cap rate will come to to an end.Then they will return to shiko.


Igathe might be the next CEO for this bank
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Ericsson
#16 Posted : Wednesday, March 27, 2019 12:18:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
cyruskulei wrote:
Ebenyo wrote:
Angelica _ann wrote:
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!


@Angelina,they were scared of npls given their core target base.But signs are that cap rate will come to to an end.Then they will return to shiko.


Igathe might be the next CEO for this bank


That was already known and predicted here the moment he was appointed
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nairobby
#17 Posted : Wednesday, March 27, 2019 12:48:26 PM
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Joined: 1/18/2019
Posts: 185
Location: kenya
cyruskulei wrote:
Ebenyo wrote:
Angelica _ann wrote:
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!


@Angelina,they were scared of npls given their core target base.But signs are that cap rate will come to to an end.Then they will return to shiko.


Igathe might be the next CEO for this bank


Isn't Igathe the MD for the Kenya operation? King James heads the overall group now.
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watesh
#18 Posted : Wednesday, March 27, 2019 1:58:26 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
cyruskulei wrote:
Ebenyo wrote:
Angelica _ann wrote:
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!


@Angelina,they were scared of npls given their core target base.But signs are that cap rate will come to to an end.Then they will return to shiko.


Igathe might be the next CEO for this bank

Igathe has been let to head the Kenyan subsidiary. From what I see, I think James is grooming Mary Wamae to take over after his final contract is over. She is currently group director overseeing subsidiaries after being a long-serving director of strategy and also appears to be second in command.
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VituVingiSana
#19 Posted : Thursday, March 28, 2019 9:29:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better

Equity could need the funds to fund the new and growing businesses eg DRC. I prefer firms pay low dividends to Rights Issues.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#20 Posted : Thursday, March 28, 2019 9:32:39 AM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Angelica _ann wrote:
Ebenyo wrote:
Equity is taking a cautious approach to business which is good.


Equity abandoned 'us' wananchi to start trading in bills & bonds. Isorite!!!
GoK doesn't default on T-Bonds. Yet. smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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