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Equity - a politically risky stock time to sell
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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This argument will in the end be won by one single measure...money! Money that will be made or lost by investors in Equity shares. And the mid term results for pupil 'Equity bin JM' are about to be released...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Demand picked up today. A 40 percent increase in pre-tax profits won't be a surprise GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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this bank could even report 400% profit. for all i care its an Enron type, the kind where even external auditors are blinded..
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/4/2008 Posts: 345
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Obiero
When you type thing like these, mimi najua unatafuta mdomo wangu. Haya wacha tuanze basi.
Are you suggesting that the estimed auditing and accounting firm known as Ernst & Young, one of the big 4 audit and accounting firms on the planet are compromised?
Where is your evidence?
Is this is just hot air, then you should be very ashamed of yourself....for stating what you stated. This is the stuff that could have you slaped with libel...
Lets see if you will have a domo to use on tuesday the 20 July 2010 when half 2010 results are released...
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Rank: Member Joined: 1/20/2009 Posts: 73
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@ all
talk talk n more talk, why not wait 4 that 20th n confirm all this as nonsense or the truth!
anyway kila mtu na reasoning yake depending with the teacher who gave them something btwn the ears. wau
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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After reading @yeke's I'm wondering, which auditor gave Uchumi the clean bill of health for which I'm still paying for today?
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Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
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Gordon Gekko wrote:After reading @yeke's I'm wondering, which auditor gave Uchumi the clean bill of health for which I'm still paying for today? Dont blame the auditor. Auditors are watchdogs not bloodhounds. You should have read the signs. Kirubi was stealing. Expansion was overdone. Read this old article. Difference between Management Styles... http://kumekucha.blogspo...supermarkets-story.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Whoever has a copy of the recent email sent by Sterling Investment Bank to its clients, please send me a copy.thnx. My email address is ericnyamu@yahoo.comYour future depends on your dreams so go to sleep !
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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qw25041985 wrote:Whoever has a copy of the recent email sent by Sterling Investment Bank to its clients, please send me a copy.thnx. My email address is ericnyamu@yahoo.com @Eric Nyamu, Do you ever imagine that the same people you insult here are the same ones who could be of assistance to you? Bloggers here rarely forget. Ask @bird-man who once attempted to sell people's email addresses in his possession only to come later and reveal that he works for a reputable bank. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Who insultd u and where and if its me stop day dreamin. Better still cn u show me the evidence !?? Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Is it possible to discuss equity objectively? I think not, solution is just buy/ sell and show us the return. Am waiting to see how many buy it in the "best analyst" thread. Life is short. Live passionately.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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sparkly wrote:Is it possible to discuss equity objectively? I think not, solution is just buy/ sell and show us the return. Am waiting to see how many buy it in the "best analyst" thread. Sparkly, I decided not to pick it since I think it will rally the most towards announcement of 2010 full results, not now towards half year. But in real life niko nazo kwa wingi which i picked kitambo GOD BLESS YOUR LIFE
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@vvs, if you as a bystander saw the imminent collapse of Uchumi, an auditor with access to books must have seen it too. It is the DUTY of auditors to point out risks facing the organisation. The Uchumi auditors are not innocent. I also assume that you also take the view that the Access auditors were innocent when the Somen MD was in bed with Njoroge?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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James Mwangi is a role model...through Equity Bank he changed the way banking is done in Kenya today..he brought banking to the people...
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Well I recall this year Equity is not gonna open as many branches. Even more the ones earlier opened will start to break even. I may be too optimistic but a 50 - 60% growth may be in the works. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gatheuzi wrote:Well I recall this year Equity is not gonna open as many branches. Even more the ones earlier opened will start to break even. I may be too optimistic but a 50 - 60% growth may be in the works. I only see around 40 to 45 percent(will be happy with much higher  ) because though the Kenyan operations are impressive and Southern Sudan doing well, Uganda is still making huge losses GOD BLESS YOUR LIFE
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@gatheuzi, Equity probably just opened its last and largest branch. Its called MKesho.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gordon Gekko wrote:@gatheuzi, Equity probably just opened its last and largest branch. Its called MKesho. GG, true dat. Who needs to visit branches to deposit or withdraw money when you've got M-Kesho? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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I would like to see how Equity branches perform in Ug.
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Rank: Member Joined: 6/4/2008 Posts: 345
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For those who would like to know, Uchumi's auditors before the colapse were called PwC.
These guys also and still audit a good number of the listed comapanies on the NSE and are the first of the big four global audit and accounting firms.
Enough said. 20th is tuesday. Wacha tuone mbivu and mbuchi.
All those who think JM is useless and also an auditor....chuma chenu chi motoni.
M-kesho's biggest beneficially is Equity and Safaricom as each transcation will most likly benefit both firms. Read the Mkesho broshure very carefully and forcus on the money making points.
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Equity - a politically risky stock time to sell
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