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Equity - a politically risky stock time to sell
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qw25041985
#101 Posted : Sunday, July 18, 2010 2:47:01 AM
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EQUITY BANK is a classic growth stock. The kind of stock that you want to keep im your portfolio for very many years. And bytheway KCB's branches that hav been 'makin losses' will break even in in the nxt 6 months . Read between the lines and see the explosion in eps. There's value in this company.
Your future depends on your dreams so go to sleep !
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sparkly
#102 Posted : Sunday, July 18, 2010 11:00:30 AM
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Joined: 9/23/2009
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Location: Enk are Nyirobi
qw25041985 wrote:
EQUITY BANK is a classic growth stock. The kind of stock that you want to keep im your portfolio for very many years...

@qw the supernormal growth cannot go on forever. Remember there are no great stocks, just great investments.
Life is short. Live passionately.
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qw25041985
#103 Posted : Sunday, July 18, 2010 5:06:40 PM
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Bytheway the target price for Equity is 27.00 ( i'll laugh my head off if you havnt realised that half year profits are already beign factored in.) So for those wanting to take profits put your sell order at 27.00 for maximum profits.
Your future depends on your dreams so go to sleep !
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the deal
#104 Posted : Monday, July 19, 2010 8:19:21 PM
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James Mwangi's EQTY reports tommorow just before the openning bell...expect PAT 50+%....
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obiero
#105 Posted : Monday, July 19, 2010 11:46:24 PM
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if they report anything above 25% il now be cock sure its a pyramid scheme!

KQ ABP 4.48; MTN ABP 5.20
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youcan'tstopusnow
#106 Posted : Tuesday, July 20, 2010 3:19:41 AM
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the deal wrote:
James Mwangi's EQTY reports tommorow just before the openning bell...expect PAT 50+%....

deal, in my earlier posts I had not considered the fact that equity's half year pre-tax profits took a dip last year. Taking that into account, +50 percent is attainable, but 40-50 is still good.
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#107 Posted : Tuesday, July 20, 2010 3:26:08 AM
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Location: Black Africa
obiero wrote:
if they report anything above 25% il now be cock sure its a pyramid scheme!

obiero, why would equity report anything less than 25 percent growth? In such a bullish economic year and with their 43 percent pre-tax first quarter growth, what has happened in between? Instead of kuteta, you should have gotten in at 13 bob last year and you would be talking of 100 percent capital gains.
GOD BLESS YOUR LIFE
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cnn
#108 Posted : Tuesday, July 20, 2010 10:15:42 AM
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PAT for Equity bank is up 46% to 3.88 billion shillings at half year.
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youcan'tstopusnow
#109 Posted : Tuesday, July 20, 2010 10:29:30 AM
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Great results! We expected nothing less. As the year proceeds, we expect more of the same. For the doubters, it is a bitter pill. But seriously, did they expect anything less? Leave it out of your portfolio at your own peril. Congratulations to Dr. James Mwangi and his team.
GOD BLESS YOUR LIFE
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Ngalaka
#110 Posted : Tuesday, July 20, 2010 10:33:15 AM
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Joined: 10/29/2008
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Equity is surely going places.
I intend to go with it.
Isuni yilu yi maa me muyo - ni Mbisuu
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sheep
#111 Posted : Tuesday, July 20, 2010 10:56:43 AM
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The "promising" growth potential of this stock has already been factored in the price.

If you looked at the P/Es of kenyan companies in 2006 you would laugh yourself silly...every growth story apart from ARM was proved a money pit
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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youcan'tstopusnow
#112 Posted : Tuesday, July 20, 2010 10:58:43 AM
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Pre-tax profit up 46 percent to 3.88 billion
GOD BLESS YOUR LIFE
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Evolve
#113 Posted : Tuesday, July 20, 2010 11:01:06 AM
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@cnn where did you get those figures from? PAT of Kshs 3.8bn is 90% of 2009 full year PAT. If your numbers are correct, this would qualify it to be a pyramid scheme. Something is just not adding up.
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the deal
#114 Posted : Tuesday, July 20, 2010 11:08:29 AM
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youcan'tstopusnow wrote:
Pre-tax profit up 46 percent to 3.88 billion


OK but not exceptional..Dr James Mwangi once talked of 50% last month..
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cnn
#115 Posted : Tuesday, July 20, 2010 11:25:06 AM
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@Evolve,my initial source got it wrong and they have rectified the same to PBT of 3.8B. Still from the NSE website,PAT is 3.01B vs 2.097,that is up 43.5%
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obiero
#116 Posted : Tuesday, July 20, 2010 11:30:57 AM
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@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank

KQ ABP 4.48; MTN ABP 5.20
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mv_ufanisi
#117 Posted : Tuesday, July 20, 2010 11:43:46 AM
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obiero wrote:
@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank


@obiero - it makes sense to be skeptical in the NSE. Blind faith can lead to ruin. Choose your stocks carefully and do your own research. If it doesn't pass the test, don't touch it.
I personally don't know 100% that Equity is "clean" but I think it is given that it has stood the test of time. Plus I look at the people who do business with them who should know better than me like Helios Capital.
There's obviously no stock that is 100% sure hence the importance of diversifying your holdings.
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mukiha
#118 Posted : Tuesday, July 20, 2010 11:58:43 AM
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Let's start a new thread to discuss the results....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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youcan'tstopusnow
#119 Posted : Tuesday, July 20, 2010 2:24:24 PM
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obiero wrote:
@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank

obiero, kweli. He was also involved with the failed Eurobank. But personally I think times have changed, and it is nearly imposibble for a bank as big as Equity to fail. But I do agree that James is not exactly 'Mr. Clean'
GOD BLESS YOUR LIFE
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yekeyeke
#120 Posted : Tuesday, July 20, 2010 2:48:07 PM
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Joined: 6/4/2008
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This Obiero person doesnt get it. Does he have a succesful prosecution showing that JM was ever convicted for the failure of whatever muhindi bank that failed during the moi error?

Did the CBK apointed liquidator ever indite JM? Kama you have the evedence give it to us otherwise shot op.

These are the type of people we should call enemies of civilisation. You cant just wake up one day and state that because sos and so worked for so and so, then they are also responsible for this and that.

Was JM a director, chairman or significant shareholder of the bank that Obiero is talking about?

Remember according to the Kenyan companies act, companies are run during AGMs. If you are non of the above, then you cant have any pull during these meetings. (If you havent read this act, pls do so and do so fast).

Ama ni siasa ya domo????? After having lost two by-elections labda mnatafuta bendera ya kufuta uso?
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