Wazua
»
Investor
»
Stocks
»
Equity Bank FY 2018 net profit up 5%
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
In 2015, the lender partly financed its acquisition of an initial 79 per cent stake in DRC’s ProCredit Bank by issuing 70.8 million of its shares to some of the subsidiary’s owners, who ended up with a 1.8 per cent stake in the Kenyan multinational. The DRC deal has proved to be profitable, with the subsidiary now operating as Equity Bank Congo reporting the largest pre-tax profit outside Kenya of Sh1.35 billion in the year ended December. https://www.businessdail...095574-g33d4e/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
|
Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Horton wrote:It’s a crappy deal. These banks are just average players in their respective markets with some doing badly Equity was probably just looking for an in using an existing licensee as it did in DRC. Then invest money and go digital using Equitel. Perhaps use Vodacom/M-Pesa as a partner too. Is digital succeeding in other countries like it has done in kenyaDigital banking is becoming, at different speeds, the norm the world over.
TZ will be merged. What was the performance in Tz last year.Will the acquisition make any difference or sink it further in losses. It depends on the acquisition price of the TZ business. The fixed costs, after acquisition costs, of the combined entity may not rise much.RW will be merged. BPR is a mass-market bank in RW and Equity has experience with bottom of the pyramid lending. What is the market share of BPR in Rwanda.What synergy is equity benefitting
Google for market share. Equity picks up lot of customers who can be transitioned to the digital platform at a low cost/customer. Low marginal fixed costs given Equity already has platforms eg Equitel, mKey, M-Kesho in place. Equity is going where few KE banks are venturing. No immediate cash impact given it is a share swap. There will be capital injections ATMA may buy more shares in EGH for cash which could be used to bolster the new subsidiaries. Just as Equity did in UG and DRC, there will be a period of consolidation and learning about the new markets. Benefits will show up from 2021 onwards. I don't see ATMA buying more shares in EGH.On the contrary I see when market conditions are right they will dispose off that stake. Wake up mzee Equitel failed,failed and was a big failure. This is why they have decided to partner again with safaricom.It was a very wrong move to take on safaricom in the first place.But they have learnt their lessons. https://kenyanwallstreet...ricom-renew-partnership/ Towards the goal of financial freedom
|
|
|
Rank: New-farer Joined: 9/8/2018 Posts: 24
|
Hearing that Equity Bank has gotten a license to do business in Ethiopia.
KCB has a representative office over there.
Ethiopia is not so volatile....hoping for good stuff.
|
|
|
Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
|
JoeNgugi wrote:Hearing that Equity Bank has gotten a license to do business in Ethiopia.
KCB has a representative office over there.
Ethiopia is not so volatile....hoping for good stuff. what does a commercial representative office mean Okay this is what i get from google A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. What are the prospects of starting operations soon in Ethiopia?
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
heri wrote:JoeNgugi wrote:Hearing that Equity Bank has gotten a license to do business in Ethiopia.
KCB has a representative office over there.
Ethiopia is not so volatile....hoping for good stuff. what does a commercial representative office mean Okay this is what i get from google A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. What are the prospects of starting operations soon in Ethiopia? The Law doesn't allow foreign financial institutions. They have to wait for ammendments Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,455
|
Some fellow is not even hiding demand! Eish bhane!! Wameanza kuharibu soko!! And the way I have been accumulating chini ya maji. And I ain't done yet! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,455
|
MaichBlack wrote:Some fellow is not even hiding demand! Eish bhane!!
Wameanza kuharibu soko!! And the way I have been accumulating chini ya maji. And I ain't done yet! Still buying more of these share over the last couple of months. Been buying at between 38/= and 40/=. I have almost doubled my holding in the stock. Still remaining with more to buy of the next couple of weeks to hit my record. I would have preferred 35/= - 36/= but hey, it is not about timing the market. It is about the time in the market. And I really needed to buy a huge chunk to start playing timing games! Remaining lot hopefully I buy at a lower price. Probably at a higher one given the demand and supply patterns. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
|
In a statement, Vivo Energy CEO stated, ”I am pleased to announce that Polycarp Igathe will rejoin Vivo Energy as the Executive vice president Sales and Marketing, a newly created role that is being added to the Vivo Executive Management (VEM).”
https://kenyanwallstreet.com/polycarp-igathe-leaves-equity-to-rejoin-vivo-energy/
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
|
kimanimsc wrote:In a statement, Vivo Energy CEO stated, ”I am pleased to announce that Polycarp Igathe will rejoin Vivo Energy as the Executive vice president Sales and Marketing, a newly created role that is being added to the Vivo Executive Management (VEM).”
https://kenyanwallstreet.com/polycarp-igathe-leaves-equity-to-rejoin-vivo-energy/ So it's not Polycarp Igathe that will succeed JM but Mary Wamae? Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
Ebenyo wrote:kimanimsc wrote:In a statement, Vivo Energy CEO stated, ”I am pleased to announce that Polycarp Igathe will rejoin Vivo Energy as the Executive vice president Sales and Marketing, a newly created role that is being added to the Vivo Executive Management (VEM).”
https://kenyanwallstreet.com/polycarp-igathe-leaves-equity-to-rejoin-vivo-energy/ So it's not Polycarp Igathe that will succeed JM but Mary Wamae? JM won't leave in the near future - 5+++ years In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Ebenyo wrote:kimanimsc wrote:In a statement, Vivo Energy CEO stated, ”I am pleased to announce that Polycarp Igathe will rejoin Vivo Energy as the Executive vice president Sales and Marketing, a newly created role that is being added to the Vivo Executive Management (VEM).”
https://kenyanwallstreet.com/polycarp-igathe-leaves-equity-to-rejoin-vivo-energy/ So it's not Polycarp Igathe that will succeed JM but Mary Wamae? Huyu Igathe ni tangatanga sana Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Share price on free fall Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,455
|
Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Veteran Joined: 6/8/2010 Posts: 1,729
|
MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? Less than 3%, some people are just there to look at KQ and Equity shares waiting for them to fall so that they comment. Incidentally all shares are falling including safcom Life is an endless adventure
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? I look at the value in ksh. of the fall e.g ksh.1,5,10.10 cents,3 cents. From thursday close of business and today a ksh.2 fall. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
Ericsson wrote:MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? I look at the value in ksh. of the fall e.g ksh.1,5,10.10 cents,3 cents. From thursday close of business and today a ksh.2 fall. Bure kabisa! From today onwards check the percentage bro
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
|
obiero wrote:Ericsson wrote:MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? I look at the value in ksh. of the fall e.g ksh.1,5,10.10 cents,3 cents. From thursday close of business and today a ksh.2 fall. Bure kabisa! From today onwards check the percentage bro just waiting at 33-34 to board again for another 25% gain by in the next 7 months There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
obiero wrote:Ericsson wrote:MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? I look at the value in ksh. of the fall e.g ksh.1,5,10.10 cents,3 cents. From thursday close of business and today a ksh.2 fall. Bure kabisa! From today onwards check the percentage bro Wewe kaa KQ na open offer and rally of a lifetime yenye imekuwa mirage. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
littledove wrote:obiero wrote:Ericsson wrote:MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? I look at the value in ksh. of the fall e.g ksh.1,5,10.10 cents,3 cents. From thursday close of business and today a ksh.2 fall. Bure kabisa! From today onwards check the percentage bro just waiting at 33-34 to board again for another 25% gain by in the next 7 months  Equity is the bank with the best potential of growth outside of Kenya. The DRC + Atlas Mara acquisition will allow for Pan-Southern-African coverage. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
VituVingiSana wrote:littledove wrote:obiero wrote:Ericsson wrote:MaichBlack wrote:Ericsson wrote:Share price on free fall Define free fall. What percentage has it fallen by from last week??? I look at the value in ksh. of the fall e.g ksh.1,5,10.10 cents,3 cents. From thursday close of business and today a ksh.2 fall. Bure kabisa! From today onwards check the percentage bro just waiting at 33-34 to board again for another 25% gain by in the next 7 months Equity is the bank with the best potential of growth outside of Kenya. The DRC + Atlas Mara acquisition will allow for Pan-Southern-African coverage. True
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Wazua
»
Investor
»
Stocks
»
Equity Bank FY 2018 net profit up 5%
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|