Wazua
»
Investor
»
Stocks
»
Equity Bank 2020
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Equity group ends discussion with Atlas Mara group on acquisition of Atlas businesses in Rwanda,Tanzania, Zambia and Mozambique. https://mobile.twitter.c...5310542861799424/photo/1Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
|
Where do we go from here.. There’s a reason I stay away
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:Where do we go from here.. There’s a reason I stay away They will be back to acquire assets ravaged and distressed by Covid19. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
sparkly wrote:obiero wrote:Where do we go from here.. There’s a reason I stay away They will be back to acquire assets ravaged and distressed by Covid19. At 1/2 the price. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
sparkly wrote:obiero wrote:Where do we go from here.. There’s a reason I stay away They will be back to acquire assets ravaged and distressed by Covid19. Atlas Mara has moved on and started negotiations with other potential suitors. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
[quote=Ericsson]Equity group ends discussion with Atlas Mara group on acquisition of Atlas businesses in Rwanda,Tanzania, Zambia and Mozambique. https://mobile.twitter.c...310542861799424/photo/1[/quote] There must be something fishy with those assets that Equity has been so hesitant to buy ever since last year as compared to BCDC bank in DRC which was a done deal really fast...... My take is that Equity should first make their TZ subsidiary bigger and more profitable before going further down south. KCB and DTB are profitable in TZ so it's not impossible.
|
|
|
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
|
VituVingiSana wrote:sparkly wrote:obiero wrote:Where do we go from here.. There’s a reason I stay away They will be back to acquire assets ravaged and distressed by Covid19. At 1/2 the price. That's why we love King James. This was a sober decision esp because those banks were already loss-making, now with covid..imagine paying the same price. Nah
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
watesh wrote:There must be something fishy with those assets that Equity has been so hesitant to buy ever since last year as compared to BCDC bank in DRC which was a done deal really fast...... My take is that Equity should first make their TZ subsidiary bigger and more profitable before going further down south. KCB and DTB are profitable in TZ so it's not impossible. I think the DRC deal was easier since it was a single bank in a single market and will be integrated into Equity DRC vs buying several small banks in new markets. The latter takes more work, injecting capital, integration, etc. Perhaps not the time to do so but certainly something to think about in the future to become a pan-african bank. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
VituVingiSana wrote:watesh wrote:There must be something fishy with those assets that Equity has been so hesitant to buy ever since last year as compared to BCDC bank in DRC which was a done deal really fast...... My take is that Equity should first make their TZ subsidiary bigger and more profitable before going further down south. KCB and DTB are profitable in TZ so it's not impossible. I think the DRC deal was easier since it was a single bank in a single market and will be integrated into Equity DRC vs buying several small banks in new markets. The latter takes more work, injecting capital, integration, etc. Perhaps not the time to do so but certainly something to think about in the future to become a pan-african bank. It has been been almost 7 years in Tanzania and barely any growth over the past 4 years. It has been in losses in 2018, 2019 and start 2020 with a fat decline (-30%) in the top line revenue. KCB with an equally sized footprint in Tanzania was bringing in close to Ksh1 billion PBT from TZ unit. Equity need to rethink strategy and overhaul management there.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
watesh wrote:VituVingiSana wrote:watesh wrote:There must be something fishy with those assets that Equity has been so hesitant to buy ever since last year as compared to BCDC bank in DRC which was a done deal really fast...... My take is that Equity should first make their TZ subsidiary bigger and more profitable before going further down south. KCB and DTB are profitable in TZ so it's not impossible. I think the DRC deal was easier since it was a single bank in a single market and will be integrated into Equity DRC vs buying several small banks in new markets. The latter takes more work, injecting capital, integration, etc. Perhaps not the time to do so but certainly something to think about in the future to become a pan-african bank. It has been been almost 7 years in Tanzania and barely any growth over the past 4 years. It has been in losses in 2018, 2019 and start 2020 with a fat decline (-30%) in the top line revenue. KCB with an equally sized footprint in Tanzania was bringing in close to Ksh1 billion PBT from TZ unit. Equity need to rethink strategy and overhaul management there. Is there any management there. James Mwangi calls the shots Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Wazua
»
Investor
»
Stocks
»
Equity Bank 2020
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.
|