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Equity - a politically risky stock time to sell
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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EQUITY BANK is a classic growth stock. The kind of stock that you want to keep im your portfolio for very many years. And bytheway KCB's branches that hav been 'makin losses' will break even in in the nxt 6 months . Read between the lines and see the explosion in eps. There's value in this company. 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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qw25041985 wrote:EQUITY BANK is a classic growth stock. The kind of stock that you want to keep im your portfolio for very many years... @qw the supernormal growth cannot go on forever. Remember there are no great stocks, just great investments. Life is short. Live passionately.
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Bytheway the target price for Equity is 27.00 ( i'll laugh my head off if you havnt realised that half year profits are already beign factored in.) So for those wanting to take profits put your sell order at 27.00 for maximum profits. Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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James Mwangi's EQTY reports tommorow just before the openning bell...expect PAT 50+%....
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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if they report anything above 25% il now be cock sure its a pyramid scheme!
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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the deal wrote:James Mwangi's EQTY reports tommorow just before the openning bell...expect PAT 50+%.... deal, in my earlier posts I had not considered the fact that equity's half year pre-tax profits took a dip last year. Taking that into account, +50 percent is attainable, but 40-50 is still good. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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obiero wrote:if they report anything above 25% il now be cock sure its a pyramid scheme! obiero, why would equity report anything less than 25 percent growth? In such a bullish economic year and with their 43 percent pre-tax first quarter growth, what has happened in between? Instead of kuteta, you should have gotten in at 13 bob last year and you would be talking of 100 percent capital gains. GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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PAT for Equity bank is up 46% to 3.88 billion shillings at half year.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Great results! We expected nothing less. As the year proceeds, we expect more of the same. For the doubters, it is a bitter pill. But seriously, did they expect anything less? Leave it out of your portfolio at your own peril. Congratulations to Dr. James Mwangi and his team. GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 10/29/2008 Posts: 1,566
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Equity is surely going places. I intend to go with it. Isuni yilu yi maa me muyo - ni Mbisuu
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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The "promising" growth potential of this stock has already been factored in the price. If you looked at the P/Es of kenyan companies in 2006 you would laugh yourself silly...every growth story apart from ARM was proved a money pit The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Pre-tax profit up 46 percent to 3.88 billion GOD BLESS YOUR LIFE
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Rank: Member Joined: 9/25/2007 Posts: 96
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@cnn where did you get those figures from? PAT of Kshs 3.8bn is 90% of 2009 full year PAT. If your numbers are correct, this would qualify it to be a pyramid scheme. Something is just not adding up.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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youcan'tstopusnow wrote:Pre-tax profit up 46 percent to 3.88 billion OK but not exceptional..Dr James Mwangi once talked of 50% last month..
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@Evolve,my initial source got it wrong and they have rectified the same to PBT of 3.8B. Still from the NSE website,PAT is 3.01B vs 2.097,that is up 43.5%
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank
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: 1/15/2010 Posts: 625
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obiero wrote:@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank @obiero - it makes sense to be skeptical in the NSE. Blind faith can lead to ruin. Choose your stocks carefully and do your own research. If it doesn't pass the test, don't touch it. I personally don't know 100% that Equity is "clean" but I think it is given that it has stood the test of time. Plus I look at the people who do business with them who should know better than me like Helios Capital. There's obviously no stock that is 100% sure hence the importance of diversifying your holdings.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Let's start a new thread to discuss the results.... Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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obiero wrote:@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank obiero, kweli. He was also involved with the failed Eurobank. But personally I think times have changed, and it is nearly imposibble for a bank as big as Equity to fail. But I do agree that James is not exactly 'Mr. Clean' GOD BLESS YOUR LIFE
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Rank: Member Joined: 6/4/2008 Posts: 345
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This Obiero person doesnt get it. Does he have a succesful prosecution showing that JM was ever convicted for the failure of whatever muhindi bank that failed during the moi error?
Did the CBK apointed liquidator ever indite JM? Kama you have the evedence give it to us otherwise shot op.
These are the type of people we should call enemies of civilisation. You cant just wake up one day and state that because sos and so worked for so and so, then they are also responsible for this and that.
Was JM a director, chairman or significant shareholder of the bank that Obiero is talking about?
Remember according to the Kenyan companies act, companies are run during AGMs. If you are non of the above, then you cant have any pull during these meetings. (If you havent read this act, pls do so and do so fast).
Ama ni siasa ya domo????? After having lost two by-elections labda mnatafuta bendera ya kufuta uso?
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Equity - a politically risky stock time to sell
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