he he finally an opportunity beckons. We need more haters lyk TB to get the best prices. Btw,colapse of a bank of equity's magnitude is too gross to contemplate. I dont think any sane govt can allow such a thing,so mahaters,bring it on!

Truest proverb: Mwenda pole hajikwai

The truith is out. Safaricom IPO shares were dished out by Equity bank as unsecured loans. The result is that the more the price goes under,the more Equity offers same for sell to recover the loans. Fquity's core business is not stock exchange. They should therefor only get 10 % commission to cover the paper work. Lesson to JM,never brag to the mice about 30% controll. They will eat a way your legs to size.

Desiderious

People (for now) trust EB more than most brokers.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

Pole but you are screwed. There were almost 1,000,000 shares on OFFER on Thursday with NO buyers at close.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

@Tusker. I agree with you about the Eq being a political bank. But I think they have mitigated this by going regional. As I said before,they don't have political baggage in Ug and SS. I also said the 'Supermarket' market model will be their undoing. Get a niche,excel in it. They have one in banking the unbankable. They have done extremely well. Stick with it and leave the investment banking,stock broking to others.

what does this rule say? what are the impications?

Speak faith,hope and belief.

The shares are already trading post-split so the 10% rule may not be used but the price will drop 10% & continue till it reaches 10/- or so... slowly but surely within the next 1-2 weeks.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

@slygat wewe nachekeza mimi mbavu nabujiga gabisa!

1. Fact -EB is the most expensive and accessible bank -yes?
2. Fact -Mwangi's banking background is Trade bank,yes or no?
3. Fact - Some branches are subsidised by others
4. Fact -EB is mwananchi's bank,not even KCB. Why?Apart from the magical political hand,the business model says make your hay while the sun shines. period.


'I am the master of my fate;
I am the captain of my soul.'-Invictus

Yote yawesekana lakini JM miscalculated this time. It is harder to manupulate 10 fools than 1.

Desiderious

This EB thing is generating massive interest here in SK. It seems like every other post is about EB disregarding the rest of the counters.
- First we have the people hoping that EB will come crashing down and repeating the allegations that EB will soon be collapsing that were in Parliament sometime in 2007.
- Next we have the defenders and one might suspect investors in the counter.

This is not helped by the huge volatility in this counter. Either there's people out there purposefully manipulating the price or the market madness has come to bear on this share

The facts so far are as follows
- Equity is successfully expanding in Uganda & S Sudan - which means that its model is working and that political favors cannot be used to explain its success. In any case I have never seen/heard the President directing Kenyans to open accounts in the bank or telling parastatals to channel their money through the bank in stead of banking in KCB or NBK. So the political favor thing is easily discounted. Or at this rate we will have to imagine that Museveni and Kiir are also in EB's pocket. However I do believe EB has it's own political enemies who would love to see the bank in the dust.
- EB just won an award for transparent financial reporting by Africa Investor. Additionally Helios Fund which has a track record in picking investments owns about 24% of the bank. These guys must have done their homework before expressing confidence in the accounting practice by the bank. So it's hard to believe the accusers especially since they have no concrete proof.
Anyway at the end of the day,EB's stock price will be dependent upon the financial success of the bank. If EB continues to make money the stock will go up.
So let's wait and see!
btw when do 1st Quarter results come out?