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EQUITY ON CNN
VituVingiSana
#21 Posted : Thursday, December 03, 2009 5:31:35 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,388
Location: Nairobi
NSSF wants to by NBK... thus EB may be jumping the gun...

Mwangi announced EB buying NBK (maybe EB was 'promised' NBK by the power that be... uhuru, kibaki, ndungu, kinyua) but it was a premature announcement.

Another suitor for NBK may be one of the Nigerian Banks (UBA, etc), Ecobank or Stanbic... Any one of these guys would double/triple their branches by buying out NBK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mukiha
#22 Posted : Thursday, December 03, 2009 6:03:54 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Very-many-Things:

Mwangi never said that EB has any intention of buying NBK!!!

He was misreported. He was responding to a shareholder query as to whether EB would consider buying NBK. He said something like...."we as individual shareholders of EB can buy the Gov. shares in NBK when they are floated..." [Not the exact quote, but something along those lines]

If the shareholders of EB buy NBK, it would not mean that EB has bought NBK.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Kamaa
#23 Posted : Thursday, December 03, 2009 6:27:00 AM
Rank: Veteran

Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
a case of EB advertising on CNN means a lot to the bank and the shareholders...

could be targeting the Kenyans living in the diaspora and the foreign investors...

anyway, how do they get to know EB well, if not thru ads...

only critics will not see that fact...
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
McReggae
#24 Posted : Thursday, December 03, 2009 6:43:47 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
I just hope the management does everything to keep the bank on its feet!!! Equity is a good thing for kenyans, bank kenyan, own kenyan!!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
Mainat
#25 Posted : Thursday, December 03, 2009 7:38:19 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Its a known fact that Kenyans prefer to belive in unverifiable facts than known issues. As an example:
All the top banks are political. KCB (has been respondent bank in all GoK OFS i.e. not a level playing field); NBK takes most GoK salary bills and has been used to fight GoK enemies; you can't get paid for your tea as a farmer unless you have a Co-op Account.
Yet they believe kifaki is a large shareholder of Equity.
Co-op which is owned co-opa and others was allowed to hide its shareholders (allowing akina muriuki to amass a fortune in shares), yet all your hear is about Equity (a full listed counter) and the Hellios deal.
Many continously believe that Equity is under-capitalised, yet the facts are that its most capitalsied of the large 10 banks.
Sehemu ndio nyumba
mwanahisa
#26 Posted : Thursday, December 03, 2009 10:03:27 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Mainat. Good on you. You are telling it as it is. Let's get the naysayers here arguing it out with facts. They can start with some financial ratios in relation to other banks etc. From my experience, betting against Equity is prone to serious risks!
cnn
#27 Posted : Friday, December 04, 2009 4:49:06 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Kestrel capital have upgraded Equity from 'accumulate' to 'buy',branch expansion and investment on ATMS expected to net more income from commisions.They gave a P/e of 6.9 for the bank which make it cheap compared to its peers.
Well,my PE calculations still give a value around 10,not unless these guys have information not in public domain....a share to look out for.
uchumi
#28 Posted : Monday, December 07, 2009 7:47:52 AM
Rank: Member

Joined: 9/16/2006
Posts: 234
good stock
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
obiero
#29 Posted : Tuesday, December 08, 2009 4:37:01 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,345
Location: nairobi
Mukiha do ua hm work. Why place words in quotes if u aint quoting! Baus! Get serious. Anyone who saw him speak at the AGM knows what he said. On other news, im lol @ EB move to advertise intl. Of wat benefit is it nd theyr nt even market leaders!
COOP, IMH, KEGN, MTNU
simonkabz
#30 Posted : Tuesday, December 08, 2009 8:03:28 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
@obiero, be wary of shallow posts. Do you mean only markep leaders should advertise? All the same, iko kitu hapo. Some reasoning behind it, shady or otherwise.
TULIA.........UFUNZWE!
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