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KCB Q1 2014 Results
Rank: Member Joined: 12/11/2006 Posts: 884
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ION Equity Bank : scoops best bank in East Africa award“Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@guru, I will side with everyone else on this one. Equity will have no capital costs, they will have a bite of the fees scom currently make on Mpesa, they will have tax breaks on lease charges they will pay to Airtel as these will be legitimate business expenses. They will also make some cash on voice, SMS and data, though these will not be their primary focus.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Equity is NOT starting [Kencell & Yu] nor buying a network [as Celtel, Zain, Airtel] but is going to buy or lease minutes, data and infrastructure from Airtel. The network would be managed by Airtel while Equity gets to keep a larger portion of the transaction fees. It's about mobile money fees [& cheap deposits] NOT selling airtime or data! @VVS If this is the case I change my opinion... That patnership will definitely be good for both Equty and Airtel! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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guru267 wrote:With KCBs cost to income ratio falling Equity will not be catching up any time soon! Equity's adventure into the telco space will be their downfall! Whats all the positivity about?? The level of capital outlay needed will dent earnings for years to come.. Why invest in a sector where for the last 5 years only 1 player is profitable?? Just because telcos are making money in the finance space doesnt mean vice versa will work... What happened to core business focus?? The Kenyan telco market is a company graveyard!  The reason why we [Equity] are successful is because when people are busy asking why, we are busy asking why not. While people are only doing what is expressly allowed, we do anything provided it is not expressly disallowed!!! Those are the words of Dr. James Mwangi. Not mine!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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guru267 wrote:With KCBs cost to income ratio falling Equity will not be catching up any time soon!
Equity's adventure into the telco space will be their downfall! Whats all the positivity about??
Evidently @guru267, you have not understood Equity's plan at all and therefore you should not be commenting. Going into telco is meant to reduce Equity's charges and also gradually reduce the cost/income ratio For starters they are to reduce transaction cost from the 14/= charged by agents (the lowest in the market!) to Kshs. 7/= The cost/income ratio is also projected to reduce from 49.5% in 2013 to 47% FY 2014, 42% by 2019 and 38% in 2024. All courtesy of going telco. guru267 wrote:Equity's adventure into the telco space will be their downfall! Whats all the positivity about?? The level of capital outlay needed will dent earnings for years to come.. Why invest in a sector where for the last 5 years only 1 player is profitable?? Just because telcos are making money in the finance space doesnt mean vice versa will work... What happened to core business focus?? The Kenyan telco market is a company graveyard! Equity has been mean in many 'adventures' over the years. This guys 'had the nerve' to allow every 'Tom, Dick and Harry' open bank accounts. They allowed people with no white collar jobs to open accounts!!! And they didn't even bother to ask for recommendation 'from two customers who had been with the bank for 6 - 12 months' and/or introduction letters from employers. And as if that was not enough, they started giving loans to 'everyone' including mama mbogas, hawkers etc. And they were not demanding for minimum balances like the other 'sensible' banks!!! No charges?? Ledger fees, account maintenance fee etc.!? And they are opening branches in the Estates and Rural areas?? Who are the 'idiots' running this Bank?? They don't know how things work in this industry!! They are definitely going to fail. Yhat is what every 'logical' person said! Guess what! They never failed. They succeeded beyond anyone's expectations!!! And all the other banks slowly started doing exactly what Equity were doing to an extent of banks like Barclays hawking loans on the streets! Dr. James Mwangi is no fool! That is not how he got where he is. Don't for one minute imagine he would sink loads of money into something without due diligence. Watch this space!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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MaichBlack wrote:guru267 wrote:With KCBs cost to income ratio falling Equity will not be catching up any time soon!
Equity's adventure into the telco space will be their downfall! Whats all the positivity about??
Evidently @guru267, you have not understood Equity's plan at all and therefore you should not be commenting. Going into telco is meant to reduce Equity's charges and also gradually reduce the cost/income ratio For starters they are to reduce transaction cost from the 14/= charged by agents (the lowest in the market!) to Kshs. 7/= The cost/income ratio is also projected to reduce from 49.5% in 2013 to 47% FY 2014, 42% by 2019 and 38% in 2024. All courtesy of going telco. guru267 wrote:Equity's adventure into the telco space will be their downfall! Whats all the positivity about?? The level of capital outlay needed will dent earnings for years to come.. Why invest in a sector where for the last 5 years only 1 player is profitable?? Just because telcos are making money in the finance space doesnt mean vice versa will work... What happened to core business focus?? The Kenyan telco market is a company graveyard! Equity has been mean in many 'adventures' over the years. This guys 'had the nerve' to allow every 'Tom, Dick and Harry' open bank accounts. They allowed people with no white collar jobs to open accounts!!! And they didn't even bother to ask for recommendation 'from two customers who had been with the bank for 6 - 12 months' and/or introduction letters from employers. And as if that was not enough, they started giving loans to 'everyone' including mama mbogas, hawkers etc. And they were not demanding for minimum balances like the other 'sensible' banks!!! No charges?? Ledger fees, account maintenance fee etc.!? And they are opening branches in the Estates and Rural areas?? Who are the 'idiots' running this Bank?? They don't know how things work in this industry!! They are definitely going to fail. Yhat is what every 'logical' person said! Guess what! They never failed. They succeeded beyond anyone's expectations!!! And all the other banks slowly started doing exactly what Equity were doing to an extent of banks like Barclays hawking loans on the streets! Dr. James Mwangi is no fool! That is not how he got where he is. Don't for one minute imagine he would sink loads of money into something without due diligence. Watch this space!!! . Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:guru267 wrote:Boris Boyka wrote:Yousaid it will collapse,when it started operating agents you said it will collapse(other banks followed including KCB). If you feel like accusing me of something at least have the decency to quote me! Boris Byoka wrote:@guru247 of late you're misleadingus financially
GET THIS STRAIGHT... I am neither your spouse, nor your broker, nor your advisor, nor your parent, nor your sibling, nor your politician, nor your preacher! admin yuko wapi. kuna mtu hapa anaongea kama malava.. btw, kencell, zain, celtel did not die.. walihamishwa tu kwa ward ya wanyonge wakabaatizwa airtel, yenye bado iko.. anywho, for sure; hio graveyard pia tutapata Home Afrika :) this is a good move by Equity the first mover. emotions tuache. even kcb the laggard has announced intent to apply for a similar mobile license @obiero mkuki Kwa nguruwe tamu Kwa binadamu chungu @admin Isorait I thought the information shared here helps(helps/guides /advises ) all of us in decision making Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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guru267 wrote:Boris Boyka wrote:Yousaid it will collapse,when it started operating agents you said it will collapse(other banks followed including KCB). If you feel like accusing me of something at least have the decency to quote me! Boris Byoka wrote:@guru247 of late you're misleadingus financially
GET THIS STRAIGHT... I am neither your spouse, nor your broker, nor your advisor, nor your parent, nor your sibling, nor your politician, nor your preacher! He he he. Raw nerve was touched!!! But @Boris is correct. Anyone who has been taking you advice/opinion seriously must be in depression - assuming they have not committed suicide!! Home Africa from 25/= to <5 takes the cake! 80% loss in how long? 1,000,000 to 200,000; 5,000,000 to 1,000,000. And all along the drive [or is it flight] down you never stopped advocating for the stock. Even now!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 4/12/2014 Posts: 56
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Guys, this thread says KCB Q1 2014 results. Discussing Equity but and Safcom is okay. Discussing @guru267 is NOT APPROPRIATE!
Having said that, what is all this beef about?
Those who want to buy Equity Bank shares are free to do so.
Let us meet at the end of the year and we will be telling the Equity Bank nay-sayers who have been there since time immemorial, "we told you so".
Equity Bank has fought many battles and it has got itself into another one because it knows it can succeed. I will buy the shares while others argue!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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INTERESTING! wrote:Guys, this thread says KCB Q1 2014 results. Discussing Equity but and Safcom is okay. Discussing @guru267 is NOT APPROPRIATE!
Having said that, what is all this beef about?
Those who want to buy Equity Bank shares are free to do so.
Let us meet at the end of the year and we will be telling the Equity Bank nay-sayers who have been there since time immemorial, "we told you so".
Equity Bank has fought many battles and it has got itself into another one because it knows it can succeed. I will buy the shares while others argue!
Welcome to wazua "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 8/29/2008 Posts: 571
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murchr wrote:INTERESTING! wrote:Guys, this thread says KCB Q1 2014 results. Discussing Equity but and Safcom is okay. Discussing @guru267 is NOT APPROPRIATE!
Having said that, what is all this beef about?
Those who want to buy Equity Bank shares are free to do so.
Let us meet at the end of the year and we will be telling the Equity Bank nay-sayers who have been there since time immemorial, "we told you so".
Equity Bank has fought many battles and it has got itself into another one because it knows it can succeed. I will buy the shares while others argue!
Welcome to wazua Just like King Solomon and the baby saga,the best way is buy both Equity and KCB.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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MaichBlack wrote:guru267 wrote:Boris Boyka wrote:Yousaid it will collapse,when it started operating agents you said it will collapse(other banks followed including KCB). If you feel like accusing me of something at least have the decency to quote me! Boris Byoka wrote:@guru247 of late you're misleadingus financially
GET THIS STRAIGHT... I am neither your spouse, nor your broker, nor your advisor, nor your parent, nor your sibling, nor your politician, nor your preacher! He he he. Raw nerve was touched!!! But @Boris is correct. Anyone who has been taking you advice/opinion serious must be in depression - assuming they have not committed suicide!! Home Africa from 25/= to <5 takes the cake! 80% loss in how long? 1,000,000 to 200,000; 5,000,000 to 1,000,000. And all along the drive [or is it flight] down you never stopped advocating for the stock. Even now!!! I also don't take @guru247 opinion seriously. Some of her recos (Home africa & EverReady) have been way off the mark. Either something is wrong with her TA or she is deliberately misleading. Oops i used the M word but that's besides the point. As for your respose to @Boris, i think you need to re-read the Wazua welcome page. You have a right to drum support/opposition for any stock but Wazuans also deserves a 2nd & 3rd opinion. Shutting down anyone who opposes you isn't the way to go 
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Equity has taken the right step towards more prosperity,they have a very good starting point with over 11000 agents,and thousands of mpesa transactions which they will just channel to their network,you. will rarely need to go to the banks branches one you have their sim card.. any good step will meet criticism but jm must have thought more than guru because when he started equity we were not there "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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To all people can we stick to the topic KCB Q1 2014 Results; Comparison between KCB and Equity was in another topic and also Equity results and the comparison of Equity MVNO and safaricom Mpesa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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As a spectator, i would say the results presented are very good. Since the comparison done was most probably on year on year, i.e "Q1 2013" vs "Q1 2014", how are the numbers on quarter on quarter basis, i.e. "Q4 2013" vs "Q1 2014". P.S. Since i sold my Equity Bank stake sometimes last year, I no longer follow Tier 1 banks results, so, if you find my question ignorant, forgive me! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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All Equity needs to do is give every customer a smartphone [EquityPhone] locked to their Mobile Money platform. I am sure Equity can spare KES 5bn [initially 1,000,000 EquityPhones at 5,000 each for its most active customers]... And the complete payoff [from transaction fees and airtime sales] will take less than 2 years! Or simply sell each customer an EquityPhone with a 1 year payment plan (500/- per month to be deducted from the EquityMoney]... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/3/2014 Posts: 131
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mlennyma wrote:Equity has taken the right step towards more prosperity,they have a very good starting point with over 11000 agents,and thousands of mpesa transactions which they will just channel to their network,you. will rarely need to go to the banks branches one you have their sim card..
any good step will meet criticism but jm must have thought more than guru because when he started equity we were not there  IMITATION IS LIMITATION
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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VituVingiSana wrote:All Equity needs to do is give every customer a smartphone [EquityPhone] locked to their Mobile Money platform. I am sure Equity can spare KES 5bn [initially 1,000,000 EquityPhones at 5,000 each for its most active customers]... And the complete payoff [from transaction fees and airtime sales] will take less than 2 years!
Or simply sell each customer an EquityPhone with a 1 year payment plan (500/- per month to be deducted from the EquityMoney]... Good thinking @vvs. They can even work with a handset maker to reduce the cost further and probably transfer the delayed payment to the handset maker. Win win situation for both. The handset maker gets 1m ready customers - no marketing, distribution taken care of etc. etc. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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KCB touches new high as banks shineDon't Work for Money, Let Money Work for You..
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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Just wondering, how further up can KCB go?? Don't Work for Money, Let Money Work for You..
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