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Equity Bank Q1 2016 Results
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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: Elder Joined: 2/26/2012 Posts: 15,980
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http://equitybankgroup.c...ty-bank-group-livestream"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: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Livestream was turned off 10 min in
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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watesh wrote:Livestream was turned off 10 min in It's on.
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Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
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Market about to open and these guys are still fooling around. Let them announce
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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PBT is at 7.3B 19% growth while PAT is at 5.1B 20% growth. Muscular results!!!!
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Rank: Member Joined: 7/3/2014 Posts: 245
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watesh wrote:PBT is at 7.3B 19% growth while PAT is at 5.1B 20% growth. Muscular results!!!! NPL ? provisions ? In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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TheGeek wrote:watesh wrote:PBT is at 7.3B 19% growth while PAT is at 5.1B 20% growth. Muscular results!!!! NPL ? provisions ? Kenya NPL at 3.5%. Group at 3.8% Loan Loss provision grew by 104%
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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watesh wrote:TheGeek wrote:watesh wrote:PBT is at 7.3B 19% growth while PAT is at 5.1B 20% growth. Muscular results!!!! NPL ? provisions ? Kenya NPL at 3.5%. Group at 3.8% Loan Loss provision grew by 104% What was the market reaction to the results?
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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No excitement whatsoever on the counter Offering my personal finance knowledge for free
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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The subsidiaries are growing well in terms of assets but profits not so good, 45% drop. In South Sudan subsidiary it looks horrible, just hope this country maintains peace to get businesses there back on track. Kenyan unit held 95% of the group's profits
Tanzanian unit solid asset and loan portfolio growth but deposits are stagnant at 1% from Q12015 and drop of 8% from Q42015.
Rwanda muscular growth in all areas apart from profits, 50% drop. Would love to see their costs
Uganda top performer outside Kenya in terms of profits +2% but drop in loan portfolio.
South Sudan well this a country full of mayhem. No peace, low oil prices (negative revenues once it went below $30) and the currency issues YIKES. Still waiting for the deal with UN agencies to pump in some life.
DRC The new kid on the block is doing double digit growth on all sectors apart from profitability. Must be high cost of expansion and marketing. +71% in loan book, impressive.
Equitel doing Ksh2.5 billion in loans a month even though I still get 0 every month in terms of loan limits. With 97% repayment rate this is solid so far.
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Rank: Member Joined: 12/11/2006 Posts: 884
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Was watching the presentation and thought Dr. Mwangi seemed over exited and overdoing things. Interrupting every one who stood to speak. “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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ngapat wrote:Was watching the presentation and thought Dr. Mwangi seemed over exited and overdoing things. Interrupting every one who stood to speak. Deity. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Impunity wrote:ngapat wrote:Was watching the presentation and thought Dr. Mwangi seemed over exited and overdoing things. Interrupting every one who stood to speak. Deity. Trying to excite investors so as to push the share price up. Bank is planning a large rights issue in future and they need a high price 
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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watesh wrote:Impunity wrote:ngapat wrote:Was watching the presentation and thought Dr. Mwangi seemed over exited and overdoing things. Interrupting every one who stood to speak. Deity. Trying to excite investors so as to push the share price up. Bank is planning a large rights issue in future and they need a high price We know these tricks of fattening the bull before slaughter. Tumeshazoea. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 9/9/2015 Posts: 233
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Spikes wrote:watesh wrote:Impunity wrote:ngapat wrote:Was watching the presentation and thought Dr. Mwangi seemed over exited and overdoing things. Interrupting every one who stood to speak. Deity. Trying to excite investors so as to push the share price up. Bank is planning a large rights issue in future and they need a high price We know these tricks of fattening the bull before slaughter. Tumeshazoea. Dont you think Mr Mbaru knows that and that you know that. Dont you think he knows the market is skeptic. I think he expected a bad report and the outcome pleasantly surprised him. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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About a month ago my eazzy loan limit was 20,000 and eazzy loan plus limit was 25,000. Just checked now to find that the amounts have changed to 67,500 and 652,300 respectively! I only use my bank account for salary processing. How is it that all of a sudden I can borrow hundreds of thousands of shillings? Has anyone else noticed this?Dr. Mwangi did indicate yesterday that they had increased the loan limit by 5 times. Is this good for business? Have they really taken into account one's ability to pay?
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Shak wrote:About a month ago my eazzy loan limit was 20,000 and eazzy loan plus limit was 25,000. Just checked now to find that the amounts have changed to 67,500 and 652,300 respectively! I only use my bank account for salary processing. How is it that all of a sudden I can borrow hundreds of thousands of shillings? Has anyone else noticed this?Dr. Mwangi did indicate yesterday that they had increased the loan limit by 5 times. Is this good for business? Have they really taken into account one's ability to pay? There will be some defaults but overall Equity has looked at your credit-worthiness. Your salary, your CRB report, your balances, etc. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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VituVingiSana wrote:Shak wrote:About a month ago my eazzy loan limit was 20,000 and eazzy loan plus limit was 25,000. Just checked now to find that the amounts have changed to 67,500 and 652,300 respectively! I only use my bank account for salary processing. How is it that all of a sudden I can borrow hundreds of thousands of shillings? Has anyone else noticed this?Dr. Mwangi did indicate yesterday that they had increased the loan limit by 5 times. Is this good for business? Have they really taken into account one's ability to pay? There will be some defaults but overall Equity has looked at your credit-worthiness. Your salary, your CRB report, your balances, etc. What a jump though @VVS. Let's hope they don't get burnt by a high default rate
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Shak wrote:VituVingiSana wrote:Shak wrote:About a month ago my eazzy loan limit was 20,000 and eazzy loan plus limit was 25,000. Just checked now to find that the amounts have changed to 67,500 and 652,300 respectively! I only use my bank account for salary processing. How is it that all of a sudden I can borrow hundreds of thousands of shillings? Has anyone else noticed this?Dr. Mwangi did indicate yesterday that they had increased the loan limit by 5 times. Is this good for business? Have they really taken into account one's ability to pay? There will be some defaults but overall Equity has looked at your credit-worthiness. Your salary, your CRB report, your balances, etc. What a jump though @VVS. Let's hope they don't get burnt by a high default rate What's the difference between Eazzy and Eazzy Plus? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Equity Bank Q1 2016 Results
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