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equity bank Q3 results
hisah
#51 Posted : Wednesday, October 27, 2010 4:50:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.businessweek....ng-investment-bank.html

And with that buy broker rating, I expect this share to pause or correct for sometime.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
PKoli
#52 Posted : Wednesday, October 27, 2010 5:29:42 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
hisah wrote:
http://www.businessweek.com/news/2010-10-27/equity-bank-of-kenya-rated-new-buy-at-sterling-investment-bank.html

And with that buy broker rating, I expect this share to pause or correct for sometime.


Mee too thinks so.

Safcom had stellar growth in subscriber numbers and mpesa transactions but this was never reflected in the share price. While Equity announces M-KESHO business and the stock skyrockets!
youcan'tstopusnow
#53 Posted : Wednesday, October 27, 2010 7:50:05 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
As VVS likes to say, you are paid according to your level of productivity. If you feel that you are worth more than you are getting, then by all means, quit and get another job.
GOD BLESS YOUR LIFE
Govmusili
#54 Posted : Thursday, October 28, 2010 9:36:55 AM
Rank: New-farer

Joined: 1/13/2010
Posts: 85
Location: Nairobi
the deal wrote:
Govmusili wrote:
i plan to get in big on a bank, im split btwn equity n bbk. i had coop at 10 offloaded at 13. shuld hav hang on!!!


uhmmm if for long term yes...but why not mid tier banks i.e Nic..HFCK.Dtbk...they have room for growth...or other financial stocks like JHL..i wish u went in big early this year as we approach the 5000 mark things are becoming RISKY...


i agree mostly @deal im leaning towards bbk, but the speculative part of me wants to grab some kq today!!! i may have to toss a coin!!
mwanahisa
#55 Posted : Friday, October 29, 2010 3:37:29 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
The market moves on pretty fast. The 51% increase in PAT is already a forgotten story.

Share is now trading at Kshs 26. Beware the power of supply.

Does anyone have any idea who are the big sellers at 27? Rumours were that it was the Muguku family. Anybody to confirm this?

All the same, my price target for the counter remains above 30 (35+) by March 2011, as long as the bullish environment remains (or better yet bullish sentiment increases).

In the meantime, short-termers should step aside. It looks like there will be no quick money on this one!
youcan'tstopusnow
#56 Posted : Friday, October 29, 2010 9:58:35 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwanahisa, there was already huge selling of Equity at 27 even before Muguku died. Or was that the plan? To sell before he died? But we'll know for sure when we see the top ten list next year when they release the annual report
GOD BLESS YOUR LIFE
PKoli
#57 Posted : Saturday, October 30, 2010 1:01:37 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
mwanahisa, there was already huge selling of Equity at 27 even before Muguku died. Or was that the plan? To sell before he died? But we'll know for sure when we see the top ten list next year when they release the annual report



The selling was basically for profit taking. Guys waited to with anticipation that the price will go to the roof with huge profits, but unfortunately the price seemed to have factored in the results.
mwanahisa
#58 Posted : Wednesday, November 24, 2010 8:08:49 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
This Bank had pretty good results with its growth trajectory expected to continue into 2011. All the news flow regarding the bank (save for its recent IT glitch) has also been positive.

I was suprised to see the price come down to 25.50 yesterday and I was delighted to pick some at such a sweet price. I maintain that this counter is a good buy, but of course I am biased seeing that I have quite a bit of it in my portfolio along with its kid sister HF.
mlennyma
#59 Posted : Wednesday, November 24, 2010 9:06:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Demand/supply...big share holders can really frustrate a shares movement and make it to ignore fundamentals just because they have huge chunks to dispose.
"Don't let the fear of losing be greater than the excitement of winning."
ProverB
#60 Posted : Wednesday, November 24, 2010 9:17:22 AM
Rank: Veteran

You have been a member since:: 3/12/2010
Posts: 1,199
Location: Eastlander
mlennyma wrote:
Demand/supply...big share holders can really frustrate a shares movement and make it to ignore fundamentals just because they have huge chunks to dispose.


i disagree.. unlike retail traders/small shareholders..minority..u and me..
..managers of huge chunks have a "fiduciary" duty to benefactors in investment choices..and must explain action..to stiffer bureaucrats and uninterested stubborn directors..add boardroom politics to the mix...it is mighty difficult to deviate from fundamentals

it is little traders that can go totally technical analysis and ignore fundamentals..

Institutions rarely trade..or rather trades are really spread and far apart.. individuals? well..we still cursing the T+3 waiting period in order to make next decision on the same counter!
..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
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