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Equity Afia- Another first from Equity
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. Warren Buffett The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MaichBlack wrote:Let everyone vote with their money. Words are very cheap. This is publicly quoted company. Buy, sell, hold or avoid. A year or two down the line, we will know who made the right choices and hopefully learn from the same. @MaichBlack look at that statement again. Do you realize how absurd it is to suggest that people should buy Equity at KShs 53 and PE of +10 on the basis of "news" that the bank will open clinics Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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sparkly wrote:MaichBlack wrote:Let everyone vote with their money. Words are very cheap. This is publicly quoted company. Buy, sell, hold or avoid. A year or two down the line, we will know who made the right choices and hopefully learn from the same. @MaichBlack look at that statement again. Do you realize how absurd it is to suggest that people should buy Equity at KShs 53 and PE of +10 on the basis of "news" that the bank will open clinics Eish vane!!! Leo iko nini?? I presented four options - which by the way represent ALL possible actions. And did not suggest when they should buy, sell, hold or ignore. I also did NOT direct anyone towards any of the actions! You only saw 'buy'? You guys really have to tell me the brand of goggles you are wearing today! 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: 1/27/2012 Posts: 851 Location: Nairobi
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MaichBlack wrote:sparkly wrote:MaichBlack wrote:Let everyone vote with their money. Words are very cheap. This is publicly quoted company. Buy, sell, hold or avoid. A year or two down the line, we will know who made the right choices and hopefully learn from the same. @MaichBlack look at that statement again. Do you realize how absurd it is to suggest that people should buy Equity at KShs 53 and PE of +10 on the basis of "news" that the bank will open clinics Eish vane!!! Leo iko nini?? I presented four options - which by the way represent ALL possible actions. And did not suggest when they should buy, sell, hold or ignore. I also did NOT direct anyone towards any of the actions! You only saw 'buy'? You guys really have to tell me the brand of goggles you are wearing today! Ni kama Equity ilikula mayai ya mtu and you are here defending it. All in all, there is nothing wrong in diversifying. The same guys against Equity diversifying are the same guys with a long list of stocks in their portfolio. How many sectors is Dangote Group involved in?
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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sparkly wrote:Yeah, he has been hanging out with the first lady and her beyond zero project too much. Now he thinks he can impress using shareholder monies! This guy is under a spell, I tell you.
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Rank: Member Joined: 7/20/2011 Posts: 161 Location: nairobi
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obiero wrote:maybe daktari has gone senile.. this is a worrying time. when KCB is venturing to Mozambique, Ethiopia, Eastern DRC.. Equity is going into a rotten sector, where pay issues abound and skills are scarce. God forbid, but ngoja patients wakose afya njema hapo Equity Afia ndio utajua PR ni mnyama mbaya Obiero uko nyuma sana!!! Saaaaaanna! Equity has hired mckeinsy to direct on entry into DRC, Ethiopia and Nigeria. Congo is a confirmed go in 2015.. Patience. You cannot have a baby in one month by impregnating nine women....
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Rank: Member Joined: 7/20/2011 Posts: 161 Location: nairobi
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Indulge me for a second guys. Assume that equity goes into the Health sector based on a franchise model. Kindly Google Miliki Afya. Have a standard clinics of sorts ran by qualified doctors and BRANDED Equi Afyi. Offer good services, at affordable pricing AND sell cheap affordable insurance policies to your clients at member. You havw created a whole new ecosystem.... members money in bank. Cash goes to clinics. Cash comes back to bank. And insurance penetration goes up! The real battle and reason for Equi afyia is Insurance and you can take that to the bank. Whichever bank! Patience. You cannot have a baby in one month by impregnating nine women....
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mkeiy wrote:MaichBlack wrote:sparkly wrote:MaichBlack wrote:Let everyone vote with their money. Words are very cheap. This is publicly quoted company. Buy, sell, hold or avoid. A year or two down the line, we will know who made the right choices and hopefully learn from the same. @MaichBlack look at that statement again. Do you realize how absurd it is to suggest that people should buy Equity at KShs 53 and PE of +10 on the basis of "news" that the bank will open clinics Eish vane!!! Leo iko nini?? I presented four options - which by the way represent ALL possible actions. And did not suggest when they should buy, sell, hold or ignore. I also did NOT direct anyone towards any of the actions! You only saw 'buy'? You guys really have to tell me the brand of goggles you are wearing today! Ni kama Equity ilikula mayai ya mtu and you are here defending it. All in all, there is nothing wrong in diversifying. The same guys against Equity diversifying are the same guys with a long list of stocks in their portfolio. How many sectors is Dangote Group involved in? Foundation=Non Profit Making =Donor. The test is how Equity will indirectly make money from charges at the clinics considering that the clinics are to be run by a foundation, a PBO entity. Again I am guessing that they will make money by selling HEALTH INSURANCE covers that will be accepted at the clinics. Big question is whether to start with clinics or the insurance cover? Starting with clinics is attempting to run crawling, puttting CSR and personal ambition before shareholder interests. Life is short. Live passionately.
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Rank: Member Joined: 8/19/2014 Posts: 125
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This is one product am not very excited about as a shareholder
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Rank: New-farer Joined: 3/6/2014 Posts: 21
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ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi.
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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Amani254 wrote:ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi. Dude, that's what is revolutionary about Equity. They filled that gap. Why didn't the "mwananchi banks" of the Family/Post bank ilk fill that gap?
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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meme wrote:obiero wrote:maybe daktari has gone senile.. this is a worrying time. when KCB is venturing to Mozambique, Ethiopia, Eastern DRC.. Equity is going into a rotten sector, where pay issues abound and skills are scarce. God forbid, but ngoja patients wakose afya njema hapo Equity Afia ndio utajua PR ni mnyama mbaya Obiero uko nyuma sana!!! Saaaaaanna! Equity has hired mckeinsy to direct on entry into DRC, Ethiopia and Nigeria. Congo is a confirmed go in 2015.. Didn't Coop also hire some consultants for their management restructuring in their recent past? How well did that turn out? Firms like McKinsey have been known to produce excellent-sounding paper product, only for the "wisdom" or "advice" offered to go off the rails within the first 5 minutes during real world implementation.
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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The ultimate judge is the market. As we speak, the stock is getting some beating at the market, trading at a low of 50 at some point. With the exit of Baks and the Prof, King James will have to think hard and work smart to maintain momentum. Luckily,the people are with him.Question is, for how long. @SufficientlyP
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Rank: Veteran Joined: 7/22/2008 Posts: 1,139
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Amani254 wrote:ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi. @Amani254 Pole for lack of salary raise after working for over 8 years. However, maybe its because you were not able to convert what you read in school to practice. Please note, when you say Equity did not revolutionize the banking in Kenya but took advantage of the gaps, I wonder what then you call innovation or what entrepreneurship is all about. What would you say of Safaricom Vs Kencell, Nakumatt/ Tuskys/ Naivas Vs Uchumi. "You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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Rank: Member Joined: 7/2/2014 Posts: 123
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mkeiy wrote:Amani254 wrote:ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi. Dude, that's what is revolutionary about Equity. They filled that gap. Why didn't the "mwananchi banks" of the Family/Post bank ilk fill that gap? In the corporate world that in blue is the easiest and most cost effective form of innovation. introducing a new product altogether is usually accompanied by teething problems, such as the MVNO, beba pay and now this. ,
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Rank: Member Joined: 8/29/2008 Posts: 571
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ike wrote:mkeiy wrote:Amani254 wrote:ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi. Dude, that's what is revolutionary about Equity. They filled that gap. Why didn't the "mwananchi banks" of the Family/Post bank ilk fill that gap? In the corporate world that in blue is the easiest and most cost effective form of innovation. introducing a new product altogether is usually accompanied by teething problems, such as the MVNO, beba pay and now this. Show me your list of banks and companies with unions and I'll tell you where not to invest.Know about KQ?? EAPC??
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Rank: Member Joined: 8/29/2008 Posts: 571
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Ali Baba wrote:ike wrote:mkeiy wrote:Amani254 wrote:ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi. Dude, that's what is revolutionary about Equity. They filled that gap. Why didn't the "mwananchi banks" of the Family/Post bank ilk fill that gap? In the corporate world that in blue is the easiest and most cost effective form of innovation. introducing a new product altogether is usually accompanied by teething problems, such as the MVNO, beba pay and now this. Show me your list of banks and companies with unions and I'll tell you where not to invest.Know about KQ?? EAPC?? How many of you want Atwoli to be near Equity??JM,please don't unionize anybody.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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FOR @Maichblack AND @Rollout NYTimes wrote:For decades, General Electric was happy to reap the enormous profits that arose from its finance arm as it swelled into one of the country’s biggest lenders.
But as banking has become a less profitable and riskier business, G.E. will complete a transformation it began amid the tumult of the financial crisis: selling off most of that division over the next two years.
Beginning by selling $26.5 billion worth of real estate assets, G.E. is hastening to return to its roots as one of the mightiest industrial companies in the world, whose operations include jet engines, oil drilling equipment and medical devices. What it will mostly shed is GE Capital, a lender with hundreds of billions of dollars’ worth of assets.
The move announced Friday reflects the shifting landscape of the financial world, especially for the largest players. They face greater regulatory scrutiny and calls from analysts and investors to slim their operations or break up. Some are shifting their focus to areas like wealth management as traditional activities like trading prove less profitable. It is no surprise that G.E. decided to re-evaluate its role in this ecosystem.
The divestiture campaign, code-named Hubble within G.E. and put together in about six weeks, will erase one of the main legacies of the conglomerate’s vaunted former chief executive, John F. Welch Jr. But it is also a recognition that manufacturing, not finance, represents the company’s future.
“We’re not sentimentalists,” Jeffrey R. Immelt, the multinational’s current chairman and chief executive, said in an interview.
Aye....Hiyo ingine msome kwa gazeti. "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: 1/25/2010 Posts: 344
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Ali Baba wrote:Ali Baba wrote:ike wrote:mkeiy wrote:Amani254 wrote:ike wrote:Amani254 wrote:We have always given Equity the Benefit of the doubt and it never delivers...always high hopes and expectations but little to show on the ground. There is actually nothing more than political patronage/connections and the right timing that is revolutionary in Equity story. Nothing genius other than a sustained narrative that Equity took banking to the unbanked. Total misrepresentation - Post Bank was doing that for years as well as many other saccos and micro-finance providers. Before diversifying into 'business-masquerading - charity' health care under the so called EG Foundation, could Mwangi try and not take advantage of Form 4 leavers under 'wings to fly'? Can he start by at least paying cashiers better or at least allowing them to join a union? This is clearly a disgruntled young cashier who wasn't there before equity , when the minimum amount in your bank had to be 10,000 or you're fined 200 till your account is dry. Equity are also innovative only that their thin sim has had bottlenenecks. And then providing voluntary paying jobs to young people instead of having them waste themselves in drugs at that vulnerable age is really looking for fault where there isn't. Dude you are wrong. Never a cashier at any bank and old enough in the 90's not to swallow the Equity narrative - because that is what it is - a well packaged narrative. Equity did not invent/revolutionalise banking for the masses. They took advantage of a gap in the big banks and rode on that to this day, ironically they are now more expensive in some areas than those big banks it arose to fight. Yes there were other banks for Mwananchi like Family, Postbank and Co-op but the narrative gripped kenyans like a spell. That is how Kenya works. A well marketed narrative, regardless whether it is true will always carry the day. Exploitation of needy people will never be justified on the fact they are willing or have no alternatives - otherwise most of slavery in history would be right. And when I say staff are not allowed to be unionisable I mean long-serving 8+ years graduates in service who still earn less than 50K from the charitable Mwangi. Dude, that's what is revolutionary about Equity. They filled that gap. Why didn't the "mwananchi banks" of the Family/Post bank ilk fill that gap? In the corporate world that in blue is the easiest and most cost effective form of innovation. introducing a new product altogether is usually accompanied by teething problems, such as the MVNO, beba pay and now this. Show me your list of banks and companies with unions and I'll tell you where not to invest.Know about KQ?? EAPC?? How many of you want Atwoli to be near Equity??JM,please don't unionize anybody. kcb staff r unionisable yet they still make mbirrions
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Rank: Member Joined: 2/8/2007 Posts: 808
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