Wazua
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Equity Bank 2020
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Angelica _ann wrote:obiero wrote:Wakanyugi wrote:obiero wrote:Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud  possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign Et tu Obiero? Surely, how is preserving cash in order to survive hard, uncertain, times a negative sign? Shows lack of depth in reserves. How come its peers are paying? They should have paid reduced dividend amount, not nothing/nil - kwanza after initially declaring a good juicy amount of Kshs. 2.5 bob. My bet is KCB will pay. Gava has already budgeted for this chapaa 😀😀
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:obiero wrote:Wakanyugi wrote:obiero wrote:Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign Et tu Obiero? Surely, how is preserving cash in order to survive hard, uncertain, times a negative sign? Shows lack of depth in reserves. How come its peers are paying? They should have paid reduced dividend amount, not nothing/nil - kwanza after initially declaring a good juicy amount of Kshs. 2.5 bob. Only the middle class is being f***ed by Covid19! The rich are secure in their needs, they can even afford to give some of their money e.g. James Mwangi's personal donation of kshs 300m. The poor are getting donations from NGOs and cash transfers from GOK. The middle class are losing their jobs, being denied minority dividends and getting nil assistance from NGOs and GOK. Cry the middle class Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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This is very bad precedent by Equity, very very bad. Disclaimer, i hold no member shares, sold all in the recent rally and i said as much here. 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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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Angelica _ann wrote:This is very bad precedent by Equity, very very bad.
Disclaimer, i hold no member shares, sold all in the recent rally and i said as much here. The fact is that they hold very little in tangible assets or reserves.. Most of their assets aren't in property unlike it's peers
KQ ABP 4.26
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Rank: Veteran Joined: 11/13/2015 Posts: 1,653
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sparkly wrote:
Only the middle class is being f***ed by Covid19!
The rich are secure in their needs, they can even afford to give some of their money e.g. James Mwangi's personal donation of kshs 300m.
The poor are getting donations from NGOs and cash transfers from GOK.
The middle class are losing their jobs, being denied minority dividends and getting nil assistance from NGOs and GOK.
Cry the middle class
This will be the narrative of the 2020's decade. covid19 stress test is going to shake middle class good and proper. Already in 2 months they are hawking vegetables from the back of BMWs and Subarus. Middle class will have to trim the fat both financially and physically or retire into penury. I see everyone is now out running in the morning(same folks that were driving to the gym to walk on the treadmill). They are now removing parking lots in CBD and installing bike lanes. Middle class will have to move back near the inner city or within walking distance to work, bike to work, carry packed lunch and start going for the old fashioned entertainment. The poor need to be kept busy with bread and circus(political entertainment). Middle class can go hang
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Angelica _ann wrote:This is very bad precedent by Equity, very very bad.
Disclaimer, i hold no member shares, sold all in the recent rally and i said as much here. The fact is that they hold very little in tangible assets or reserves.. Most of their assets aren't in property unlike it's peers True 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:obiero wrote:Angelica _ann wrote:This is very bad precedent by Equity, very very bad.
Disclaimer, i hold no member shares, sold all in the recent rally and i said as much here. The fact is that they hold very little in tangible assets or reserves.. Most of their assets aren't in property unlike it's peers True As one of the media houses speculated.....perhaps it’s to save money for an acquisition possibly in DRC
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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obiero wrote:Wakanyugi wrote:obiero wrote:Sufficiently Philanga....thropic wrote:littledove wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Equity-halts-Sh9-billion-dividend-on-Corona-fears/539546-5563718-qsnb18/index.html
Equity Group has cancelled its proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion, citing the need to conserve cash in the wake of the global Covid-19 pandemic.
“Accordingly, the board has passed a resolution withdrawing the proposed dividend recommendation and instead will be recommending to the shareholders that no dividend is paid for the financial year ended 31st December, 2019,” Equity said in a statement. “Therefore, the shareholders of the company and other investors are advised to exercise caution when dealing in the company’s ordinary shares on the Nairobi Securities Exchange, the Uganda Securities Exchange and the Rwanda Stock Exchange.” This is fraud possibly true, somebody want in at a low price, the heavy local demand for the last one month which pushed price to 42 shows somebody desperately purchasing below 40 That was a fund buying. They will seize this golden opportunity to load up some more. Nothing like a golden opportunity. Failure to pay a dividend isn't a positive sign Et tu Obiero? Surely, how is preserving cash in order to survive hard, uncertain, times a negative sign? Shows lack of depth in reserves. How come its peers are paying? It shows prudent management in times of crisis. I believe I have seen you argue exactly this point about another company (I wish I could find the link). Sad to see you have gone to the dark side. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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wukan wrote:sparkly wrote:
Only the middle class is being f***ed by Covid19!
The rich are secure in their needs, they can even afford to give some of their money e.g. James Mwangi's personal donation of kshs 300m.
The poor are getting donations from NGOs and cash transfers from GOK.
The middle class are losing their jobs, being denied minority dividends and getting nil assistance from NGOs and GOK.
Cry the middle class
This will be the narrative of the 2020's decade. covid19 stress test is going to shake middle class good and proper. Already in 2 months they are hawking vegetables from the back of BMWs and Subarus. Middle class will have to trim the fat both financially and physically or retire into penury. I see everyone is now out running in the morning(same folks that were driving to the gym to walk on the treadmill). They are now removing parking lots in CBD and installing bike lanes. Middle class will have to move back near the inner city or within walking distance to work, bike to work, carry packed lunch and start going for the old fashioned entertainment. The poor need to be kept busy with bread and circus(political entertainment). Middle class can go hang Poor rich, spoiled, pampered, privileged midro class. Nyef, nyef. Uhuru recently gave you an undeserved tax cut and you are about to become the beneficiary of most stimulus funds, as always. Very oppressed indeed. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Wakanyugi wrote:wukan wrote:sparkly wrote:
Only the middle class is being f***ed by Covid19!
The rich are secure in their needs, they can even afford to give some of their money e.g. James Mwangi's personal donation of kshs 300m.
The poor are getting donations from NGOs and cash transfers from GOK.
The middle class are losing their jobs, being denied minority dividends and getting nil assistance from NGOs and GOK.
Cry the middle class
This will be the narrative of the 2020's decade. covid19 stress test is going to shake middle class good and proper. Already in 2 months they are hawking vegetables from the back of BMWs and Subarus. Middle class will have to trim the fat both financially and physically or retire into penury. I see everyone is now out running in the morning(same folks that were driving to the gym to walk on the treadmill). They are now removing parking lots in CBD and installing bike lanes. Middle class will have to move back near the inner city or within walking distance to work, bike to work, carry packed lunch and start going for the old fashioned entertainment. The poor need to be kept busy with bread and circus(political entertainment). Middle class can go hang Poor rich, spoiled, pampered, privileged midro class. Nyef, nyef. Uhuru recently gave you an undeserved tax cut and you are about to become the beneficiary of most stimulus funds, as always. Very oppressed indeed. Midro class is better off earning 1m pa and paying PAYE at 30% than earning 500k pa and paying PAYE at 25%. Focus! Life is short. Live passionately.
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