Wazua
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Equity Bank Results FY2010
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Wondering why the price has not SHOT UP at all....
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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ecstacy wrote:
When looking at a growth firm, I'm more interested in capital growth as compared to dividends...looking at the assets and performance above, Equity is doing a lot more with less for it to even be comparable to KCB.
Looks at KCB's three year plan on cost to income and ROA.. If they manage to bring these to industry average Equity will have nothing on them.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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guru267 wrote:ecstacy wrote:
When looking at a growth firm, I'm more interested in capital growth as compared to dividends...looking at the assets and performance above, Equity is doing a lot more with less for it to even be comparable to KCB.
Looks at KCB's three year plan on cost to income and ROA.. If they manage to bring these to industry average Equity will have nothing on them.. KCB is one usually playing catch up unfortunately...not good for me when I'm also looking at innovation as a factor for growth.
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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Evolve wrote:The dividend yield is about 50% that for KCB. KCB should be the counter that should hit the roof tops.  What do you mean by 50%. I thought that at an average price of 23.50 the div yield is around 5.3%. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Thinking of RoA and and KCB, should they rent out part of their premises and use less space as they serve customers faster. EB owns few premises that they operate in I think. The opposite of courage is not cowardice, it's conformity.
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Rank: New-farer Joined: 9/8/2010 Posts: 14 Location: Nairobi
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maybe when m-kesho and agency banking services are completely integrated with the curent services the profits will even go further up, same for share prices... 
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Rank: Member Joined: 9/2/2010 Posts: 845
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EB is miles ahead of KCB in innovation and its speed of responding to the market. However EB is also more vulnerable to the political risks surrounding the 2012 elections than KCB is. But James Mwangi is street-wise and he will probably massage egos if that is what it will take to keep his bank running with no interference post-2012. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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If you claim to be a Buffett fan, you know which one to buy! The undervalued one. We all know which one that is GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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What roof were pple talking about here?its a week to slaughter this share. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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FUNKY wrote:Wondering why the price has not SHOT UP at all.... I hope that the statistics below will be of help. If you look at it carefully, you'll realise that most investors are looking more towards capital retention, higher div yield lower PE rather than the growth prospects as it is a belief that most banks will not be able to maintain the growth they posted the previous period. As one guy said, most investors are awaiting for Q1 results which will create a clear picture of what is really expected in this financial year. KCB: Eps - 2.76, Final Div(To be paid)-1.25, First & Final Div-1.25, MPS-23.50, P/E-8.51, Div Yield-5.32%, Net Cash div yield for new investors-5.32%, Payout ratio-45%, Total Payout after bonus issue-1.25, Final Payout ratio after Div & Bonus-5.32%, Growth since announcement-2.17%. EQUITY:Eps-1.93, Final Div(To be paid)-0.80, First & Final Div-0.80, MPS-28.75, P/E-14.90, Div Yield-2.78%, Net Cash div yield for new investors-2.78%, Payout ratio-41%, Total Payout after bonus issue-0.80, Final Payout ratio after Div & Bonus-2.78%, Growth since announcement-0.00%. BBK:Eps-7.80, Interim Div (Already paid)-0.75, Final Div(To be paid)-4.70, First & Final Div-5.45, MPS-69.00, P/E-8.85, Div Yield-7.90%, Net Cash div yield for new investors-6.81%, Payout ratio-70%, Split 1:04, Total Payout after bonus issue-5.45, Final Payout ratio after Div & Bonus-7.90%, Growth since announcement-10.40%. NIC:Eps-5.06, Interim Div (Already paid)-0.25, Final Div(To be paid)-0.25, First & Final Div-0.50, MPS-50.50, P/E-9.98, Div Yield-0.99%, Net Cash div yield for new investors-0.50%, Payout ratio-10%, Bonus Issue-1:10, Total Payout after bonus issue-5.55, Final Payout ratio after Div & Bonus-10.99%, Growth since announcement-(-1.94%) 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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ecstacy wrote:(A)- KCB profit after tax was up 76% to KShs. 7.2 Bn.
- Equity profit after tax was up 68% to KSh.7 Billion and customer deposits up 50% to KSh.104 Bn.
(B) - KCB net interest income grew by 36% to stand at KShs. 19.6 Bn (21% increase in the bank’s loan book [KShs.148 Bn] and reduced cost of funds)
- Equity interest income grew by 28% to KSh.13.8 Bn (81% increase in interest income from Government Securities and 20% surge in interest income from loans and advances)
(C) KCB Earnings per Share (diluted & basic ) - Kshs.2.76 whilst Equity's stands at KSh.1.93.
(D) KCB asset base KShs.251B whilst Equity is KSh.143 Bn.
When looking at a growth firm, I'm more interested in capital growth as compared to dividends...looking at the assets and performance above, Equity is doing a lot more with less for it to even be comparable to KCB. @Ecstasy I agree with you very much. But that is being theoretical. Lets go down to what matters. Making money. Okay, philosophy does not make money. Money is made by buying low and either getting extra bonanza dividends or selling for capital gains. Anything else wont wash. In other words, if you get into the stock market because a company is nice but does not put the bacon or a bigger hot dog on the table, it is as good as grinding water. Speculators, Punters, etc know that if I can wait, I will be able to buy Equity at 25 or less. So, why hold or buy it now when I can make more through capital gains than the 80 cents. Further, we are on the eve of an election year. Wait you see. At the end of the day, what are you doing investing without getting to enjoy some of the money today? What is wrong with buying BBK at 51 last december, sell at 70 two months later. I might hate BBK, I know they made a one off 3.5b etc. The only time BBK matters to me is when it helps me make 20 bob per share in two months. Explanations, ranting, comparisons etc won't count much if Equity won't give a superior return this time as others are giving their shareholders handsome dividends. Then, we get into Equity when it hits rock bottom. Remember there was a time Equity was trading at 33 (330 b4 split) All quoted companies will only benefit you if you know how to move around making maximum returns at specific times instead of being a slave to a few which you never sell even when it makes business sense to dispose. Do you know there are people currently buying Access Kenya: Ati it is cheap, very cheap. They don't know the company is dying and revival is next to impossible. Olympia: You want to make money in between the wild fluctuation but the day it will die, all your capital will go with it. Eveready: From 2.50 to 3 bob is super capital gains. When did you last buy Eveready batteries? Check this out... http://www.youtube.com/w...4Gg&feature=related
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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jerry wrote:Thinking of RoA and and KCB, should they rent out part of their premises and use less space as they serve customers faster. EB owns few premises that they operate in I think. As compared to most banks, due to the rapid expansion Equity operates more on leased property and does not own lots of property as compared to the other banks. Apart from their headquarters at Upperhill, i don't know of any other building they own. IMHO, Equity is good at 'nursing' businesses but when they mature they never know how to take care of them. This will be their own undoing as most businesses that are able to take and repay huge loans move on to banks that can take care of their 'needs' when they are at points of being able to sustain their growths. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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youcan'tstopusnow wrote:If you claim to be a Buffett fan, you know which one to buy! The undervalued one. We all know which one that is I like these quotes, they also reveal something else  ...for most growth stocks, expectations already assume a high degree of future growth and high expectations tend to correlate with high price-to-book ratios, high price-earnings ratios and low dividend yields. These metrics are merely coincidental indicators and not a measure of investment fitness.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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When are BBK and Equity expected to issue their dividend check?Some of us want to go inside and take the minimum time and come out faster a modest loot! Which month do we expect the cheques? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 6/25/2010 Posts: 176
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this year's financials rally will happen during books closure Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi
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youcan'tstopusnow wrote:If you claim to be a Buffett fan, you know which one to buy! The undervalued one. We all know which one that is Which? The one doing poorly with lots of room for improvement or the one with a megalomaniac out to conquer the world?  "I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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Rank: Member Joined: 12/11/2006 Posts: 896
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watch out for agency banking. This will be efficiency redefined. Huge profits increase with less asset base “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 7/7/2008 Posts: 34
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erifloss wrote:jerry wrote:Thinking of RoA and and KCB, should they rent out part of their premises and use less space as they serve customers faster. EB owns few premises that they operate in I think. As compared to most banks, due to the rapid expansion Equity operates more on leased property and does not own lots of property as compared to the other banks. Apart from their headquarters at Upperhill, i don't know of any other building they own. IMHO, Equity is good at 'nursing' businesses but when they mature they never know how to take care of them. This will be their own undoing as most businesses that are able to take and repay huge loans move on to banks that can take care of their 'needs' when they are at points of being able to sustain their growths. FYI equity dont even own the upperhill building its on leasehold from some guyz "names witheld".
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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synergia wrote:erifloss wrote:jerry wrote:Thinking of RoA and and KCB, should they rent out part of their premises and use less space as they serve customers faster. EB owns few premises that they operate in I think. As compared to most banks, due to the rapid expansion Equity operates more on leased property and does not own lots of property as compared to the other banks. Apart from their headquarters at Upperhill, i don't know of any other building they own. IMHO, Equity is good at 'nursing' businesses but when they mature they never know how to take care of them. This will be their own undoing as most businesses that are able to take and repay huge loans move on to banks that can take care of their 'needs' when they are at points of being able to sustain their growths. FYI equity dont even own the upperhill building its on leasehold from some guyz "names witheld". I'd love to see a break up schedule of the different FA headers in their books. I'm completely surprised, I've always thought all along that the building at upperhill belongs to them. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Member Joined: 8/5/2010 Posts: 335 Location: Nairobi
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I've reconsidered my earlier position on KCB... anything below 24 seems like a good deal. I wish to take EQB @26, 26.5 max if i can get in. Any advice / comments on my prices? "I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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