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EQUITY H1 RESULTS 2010
Rank: Member Joined: 6/4/2008 Posts: 345
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This is to tbe Obieros', Mukihas' and Waithakas of this world. Read below link and weep!!!!!!!!. Kenya's Equity Bank H1 profit up 46 pct,sees growth http://www.reuters.com/a...le/idUSLDE66J04F20100720
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Rank: Member Joined: 8/18/2009 Posts: 303
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Hongera Equity Bank....Equity Bank is great inspirational for many Kenyans who have seeing the Bank growing by moving against the tides(not doing what other Banks do).We are inspired that Its Possible to grow....and maintain the growth....
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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PAT = 3.01b [2009= 2.10b] Therefore, EPS = 0.81, Forward P/E@24 =14.8 Shareholder's funds = 25.7b [2009 21.1b] Therefore, NAV = 6.95, P/B@24 = 3.55 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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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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[quote=yekeyeke]This is to tbe Obieros', Mukihas' and Waithakas of this world. Read below link and weep!!!!!!!!. Kenya's Equity Bank H1 profit up 46 pct,sees growth http://www.reuters.com/a...e/idUSLDE66J04F20100720[/quote] @yekeyeke; what have @Obiero, @Wa_ithaka and I got in common? FYI: I have Equity shares, 15% of my stocks portfolio, so I am quite happy with the results. I will weep tears of joy!!!! 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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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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Very strong Q2. Interest income seems to have short up. Good to see the bank is moving into treasuries in a big way (its free money). F&C not as strong, but hopefully we'll see mkesho bounce in Q3 going forward. I am a happy shareholder. Hope referendum doesn't spoil the party. The Governor of Nyeri - 2017
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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Good results,but would you buy Equity at CURRENT prices?
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Rank: Member Joined: 6/4/2008 Posts: 345
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@mukiha and @ waithaka.
Now that is the spirit. Sio kupiga banki yenu bila sababu. Equity haina makosa.
Sasa, lets see you piga a bank like Equatorial....
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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yekeyeke wrote:@mukiha and @ waithaka.
Now that is the spirit. Sio kupiga banki yenu bila sababu. Equity haina makosa.
Sasa, lets see you piga a bank like Equatorial.... @yekeyeke; you are mistaken. Please remind me when it was that I "pigad" Equity "bila sababu" You seem to have a grudge against me and I can't figure out why. 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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Rank: Member Joined: 6/4/2008 Posts: 345
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@ mukiha
Pls refer to your previous posts on Equity Bank.
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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yekeyeke wrote:@mukiha and @ waithaka.
Now that is the spirit. Sio kupiga banki yenu bila sababu. Equity haina makosa.
Sasa, lets see you piga a bank like Equatorial.... LOLest... Why Equatorial (except for the kenyatta & merali link? BTW, it is not a public bank...] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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nice work from eqty pity that results dont reflect on price movement. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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kyt wrote:nice work from eqty pity that results dont reflect on price movement. been factored in...now only if the referendum passes smothly, then this things should do well...30ish (guess work)
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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@Yekeyeke..
If you are referring to the thread about whether Equity is considered a tribal bank or not.. then that was me and Waithaka not Mukiha..
Not that it changes anything. 40% of my portfolio is Equity, but I still account for the risk that some people still consider it a 'kyuk' bank. The only reason I've invested so much in it is that I think that management's efforts at eradicating that negative image is working. That's why the bank was never under serious threat during the PEV.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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yekeyeke wrote:@ mukiha
Pls refer to your previous posts on Equity Bank. Which ones? I cannot recalling making any comment about equity that would make me weep when they perform so well; unless you are talking about weeping tears of joy! Nevertheless, I did indicate some concern after talking to a former GM at the bank regarding they way JM runs the show. It left me wondering whether the bank can outlive him [JM, I mean]. Factoring that risk, I cooled off my bullish attitude and retained my holding at 15%. I had intention to take it up to 20%. 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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Rank: Member Joined: 6/4/2008 Posts: 345
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Lets try and weep for joy.....
Today, i am a happy person. Equity is going places. Two months gone and they have managed to open 400K M-kesho accounts. Thats and average of 9K account a day.
So the newspaper reports (the east Africa) were right.
Wow.
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Rank: Veteran Joined: 10/25/2007 Posts: 1,574
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mukiha wrote:Nevertheless, I did indicate some concern after talking to a former GM at the bank regarding they way JM runs the show. It left me wondering whether the bank can outlive him [JM, I mean]. Same thing can be said of Safaricom, Bidco, Kenya Airways etc. Can these companies continue to prosper once the CEOs retire?  Set out to correct the world's wrongs and you will most certainly wind up adding to them.
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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jguru wrote:mukiha wrote:Nevertheless, I did indicate some concern after talking to a former GM at the bank regarding they way JM runs the show. It left me wondering whether the bank can outlive him [JM, I mean]. Same thing can be said of Safaricom, Bidco, Kenya Airways etc. Can these companies continue to prosper once the CEOs retire? KQ will survive and prosper after titus naikuni leaves... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:jguru wrote:mukiha wrote:Nevertheless, I did indicate some concern after talking to a former GM at the bank regarding they way JM runs the show. It left me wondering whether the bank can outlive him [JM, I mean]. Same thing can be said of Safaricom, Bidco, Kenya Airways etc. Can these companies continue to prosper once the CEOs retire? KQ will survive and prosper after titus naikuni leaves... Definitey KQ will prosper after Naikuni leaves...i think if he announces that he is stepping down...the stock will shoot to 60 bob...LOL...
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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What the target price with tha 1H results. ? Your future depends on your dreams so go to sleep !
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Rank: Member Joined: 6/4/2008 Posts: 345
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EQUITY H1 RESULTS 2010
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