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EQUITY BANK Results ON 28/02/2011
FUNKY
#1 Posted : Friday, February 25, 2011 11:07:25 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Guys equity bank are announcing their results on Monday and a little birdie told me they might announce a bonus?..how far can it be true..is it worth buying at 29/-?
ProverB
#2 Posted : Friday, February 25, 2011 11:24:29 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
FUNKY wrote:
Guys equity bank are announcing their results on Monday and a little birdie told me they might announce a bonus?..how far can it be true..is it worth buying at 29/-?


Applause Applause Laughing out loudly Laughing out loudly

whoever managed to get all these boards to bite on playing market psychology did a commendable job. seeems they belive higher share price translate to better business smile Kila mtu apeane bonus ama asplit unless results ni totally awesome.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
mlennyma
#3 Posted : Friday, February 25, 2011 12:48:31 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
How about equity's girlfriend hfck?
"Don't let the fear of losing be greater than the excitement of winning."
Burning Spear
#4 Posted : Friday, February 25, 2011 2:59:47 PM
Rank: Veteran


Joined: 7/22/2008
Posts: 1,139
FUNKY wrote:
Guys equity bank are announcing their results on Monday and a little birdie told me they might announce a bonus?..how far can it be true..is it worth buying at 29/-?



with the volume of issued shares 3,702,777,020
,I do not think they would give a bonus or a split at this time in point.
But a divinded would do better considering the volumes though they cant give a divided of more that ksh 0.50.

Its a bank to watch though especially becoz of the loan book,mkesho account.
"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
FUNKY
#5 Posted : Friday, February 25, 2011 3:07:23 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
is it worth buying at 29?..i have placed an order for 5000 shares hope it goes through and we hear blasting news on Monday.
Gordon Gekko
#6 Posted : Friday, February 25, 2011 4:10:15 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
I sold out at 28.75. Hope to get in at a lower price after announcement.
MaichBlack
#7 Posted : Friday, February 25, 2011 8:15:39 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,561
Gordon Gekko wrote:
I sold out at 28.75. Hope to get in at a lower price after announcement.

You see it going lower than 28.75/= any time soon?
I think it will break the 30/= barrier after the announcement. My opinion is that you should have sold AFTER the announcement not BEFORE.

But you might be looking at it from a different angle. Mind sharing? That's the wazua spirit.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
qw25041985
#8 Posted : Friday, February 25, 2011 8:24:20 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
MaichBlack wrote:
Gordon Gekko wrote:
I sold out at 28.75. Hope to get in at a lower price after announcement.

You see it going lower than 28.75/= any time soon?
I think it will break the 30/= barrier after the announcement. My opinion is that you should have sold AFTER the announcement not BEFORE.

But you might be looking at it from a different angle. Mind sharing? That's the wazua spirit.


WOW . you sold even before announcement.That's a bad decision coz at 28.00 all the information about the performance had been factored in.Meaning the price cannot go lower.
After the release and after a thorough scrutiny of the results investors will start factorin in the good performance to come hence the price will shoot up....
Your future depends on your dreams so go to sleep !
Gordon Gekko
#9 Posted : Friday, February 25, 2011 8:44:10 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@MaichBlack, qw25041985 look at the behaviour of KCB and NIC before and after announcement.
mlennyma
#10 Posted : Friday, February 25, 2011 8:48:08 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
Nic announced jana and today lost despite the goodies..who knows?
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#11 Posted : Friday, February 25, 2011 8:51:47 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
Without a good bonus equity might be fully priced.
"Don't let the fear of losing be greater than the excitement of winning."
innovator
#12 Posted : Friday, February 25, 2011 10:49:37 PM
Rank: Member


Joined: 7/24/2010
Posts: 238
Location: nairobi
Equity is a great growth bank to those who are patient. for now the no. of shares and the p.e. may be against the share.
hisah
#13 Posted : Saturday, February 26, 2011 11:03:55 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I maintain my stand that banks are already priced in at the moment. More excitement will come when they report Q1 2011 results. That will be the leading indicator in determining if they will be able to repeat or improve the returns. I would avoid any bank that reports above 60% returns in 2010. Repeating such a growth rate going into 2011 - 2012 will not be a walk in the park.
I have this sneaky feeling that inflation rate will spike higher than that CBR rate of 5.75% and that will prompt big money to head to money market for juicier rates thus suppressing the equities momentum. If the inflation rate hits 7% and sustains, MPC will have to hike CBR which means banks will likely hike their lending rates, money market will demand higher interest rates and worse, we have a treasury budget gap so govt borrowing wont help the situation.
High inflation also hits industrials more. They'll under perform. But from a contrarian view, industrials have more headroom to rally than financials in the next rally cycle.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
qw25041985
#14 Posted : Saturday, February 26, 2011 2:13:51 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
hisah wrote:
I maintain my stand that banks are already priced in at the moment. More excitement will come when they report Q1 2011 results. That will be the leading indicator in determining if they will be able to repeat or improve the returns. I would avoid any bank that reports above 60% returns in 2010. Repeating such a growth rate going into 2011 - 2012 will not be a walk in the park.
I have this sneaky feeling that inflation rate will spike higher than that CBR rate of 5.75% and that will prompt big money to head to money market for juicier rates thus suppressing the equities momentum. If the inflation rate hits 7% and sustains, MPC will have to hike CBR which means banks will likely hike their lending rates, money market will demand higher interest rates and worse, we have a treasury budget gap so govt borrowing wont help the situation.
High inflation also hits industrials more. They'll under perform. But from a contrarian view, industrials have more headroom to rally than financials in the next rally cycle.


Just because banks are hitting over 100% returns doesnt mean that they cannot out-perform again.
The opposite is actually true.Those stocks that hit 100% returns tend to be huge gainers in the years too come as by hitting that >100% investors are shouting w/ a very big voice that they see potential in the stock and thats y they are pushing the price up.
If fundies ( fundamentals) play accordingly they it would be the bests decision to add to a stock that has already hit > 80% return.
Your future depends on your dreams so go to sleep !
jerry
#15 Posted : Saturday, February 26, 2011 5:07:24 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
hisah wrote:
I maintain my stand that banks are already priced in at the moment. More excitement will come when they report Q1 2011 results. ....

KCB remains undervalued at a PE of 6.91. I'll not sell at below 30/=.
The opposite of courage is not cowardice, it's conformity.
VituVingiSana
#16 Posted : Saturday, February 26, 2011 8:14:09 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
jerry wrote:
hisah wrote:
I maintain my stand that banks are already priced in at the moment. More excitement will come when they report Q1 2011 results. ....

KCB remains undervalued at a PE of 6.91. I'll not sell at below 30/=.

Please show me the calculations that indicate a PE of 6.91 for KCB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Gordon Gekko
#17 Posted : Sunday, February 27, 2011 6:35:48 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
You get that PE with the banks earnings of 3.40. With the groups earning of 2.76, the reality is different.
VituVingiSana
#18 Posted : Sunday, February 27, 2011 9:59:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
Gordon Gekko wrote:
You get that PE with the banks earnings of 3.40. With the groups earning of 2.76, the reality is different.
You have to use Group Earnings. After all, these are investments of KCB. Unless, KCB plans to sell these subsidiaries OR close them down...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
For Sport
#19 Posted : Sunday, February 27, 2011 10:50:55 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
VituVingiSana wrote:
jerry wrote:
hisah wrote:
I maintain my stand that banks are already priced in at the moment. More excitement will come when they report Q1 2011 results. ....

KCB remains undervalued at a PE of 6.91. I'll not sell at below 30/=.

Please show me the calculations that indicate a PE of 6.91 for KCB


Check the P/E indicated on the wazua stock profiler. How accurate is the information on this stock profiler??
qw25041985
#20 Posted : Sunday, February 27, 2011 11:28:24 AM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
VituVingiSana wrote:
jerry wrote:
hisah wrote:
I maintain my stand that banks are already priced in at the moment. More excitement will come when they report Q1 2011 results. ....

KCB remains undervalued at a PE of 6.91. I'll not sell at below 30/=.

Please show me the calculations that indicate a PE of 6.91 for KCB


The price-to-earnings ratio (P/E) is probably the most widely used -- and thus misused -- investing metric. It's easy to calculate, which explains its popularity. The two most common ways to calculate it are:
P/E = share price divided by earnings per share
P/E = market capitalization divided by net income


The share price is the market capitalization divided by the number of shares, so the results should be identical. Share price and the market cap are easy to find in the quote section of any financial website. The earnings are usually taken from the trailing 12 months (TTM) and can be found by checking the income statement for the past four quarters. A P/E using TTM figures is often called the current P/E.

Another variation is the forward P/E, which is calculated using analyst future earnings estimates, rather than actual historical earnings. Most financial websites give both the current and forward P/E. I find forward P/E a useful guide for cyclical companies, companies coming out of negative earnings, and those that have significant one-time charges embedded in current earnings. You may also encounter the dilutedP/E, which accounts for a company's diluted shares.

i am sure @ VVS you passed your nursery maths lessons. If you didnt get anything just note that

P/E = share price divided by earnings per share

OR

P/E = market capitalization divided by net income

NO rocket science.
Your future depends on your dreams so go to sleep !
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