ecstacy wrote:(A)- KCB profit after tax was up 76% to KShs. 7.2 Bn.
- Equity profit after tax was up 68% to KSh.7 Billion and customer deposits up 50% to KSh.104 Bn.
(B) - KCB net interest income grew by 36% to stand at KShs. 19.6 Bn (21% increase in the bank’s loan book [KShs.148 Bn] and reduced cost of funds)
- Equity interest income grew by 28% to KSh.13.8 Bn (81% increase in interest income from Government Securities and 20% surge in interest income from loans and advances)
(C) KCB Earnings per Share (diluted & basic ) - Kshs.2.76 whilst Equity's stands at KSh.1.93.
(D) KCB asset base KShs.251B whilst Equity is KSh.143 Bn.
When looking at a growth firm, I'm more interested in capital growth as compared to dividends...looking at the assets and performance above, Equity is doing a lot more with less for it to even be comparable to KCB.
@Ecstasy
I agree with you very much. But that is being theoretical. Lets go down to what matters. Making money. Okay, philosophy does not make money. Money is made by buying low and either getting extra bonanza dividends or selling for capital gains. Anything else wont wash.
In other words, if you get into the stock market because a company is nice but does not put the bacon or a bigger hot dog on the table, it is as good as grinding water.
Speculators, Punters, etc know that if I can wait, I will be able to buy Equity at 25 or less. So, why hold or buy it now when I can make more through capital gains than the 80 cents.
Further, we are on the eve of an election year. Wait you see.
At the end of the day, what are you doing investing without getting to enjoy some of the money today?
What is wrong with buying BBK at 51 last december, sell at 70 two months later. I might hate BBK, I know they made a one off 3.5b etc. The only time BBK matters to me is when it helps me make 20 bob per share in two months.
Explanations, ranting, comparisons etc won't count much if Equity won't give a superior return this time as others are giving their shareholders handsome dividends. Then, we get into Equity when it hits rock bottom. Remember there was a time Equity was trading at 33 (330 b4 split)
All quoted companies will only benefit you if you know how to move around making maximum returns at specific times instead of being a slave to a few which you never sell even when it makes business sense to dispose.
Do you know there are people currently buying
Access Kenya: Ati it is cheap, very cheap. They don't know the company is dying and revival is next to impossible.
Olympia: You want to make money in between the wild fluctuation but the day it will die, all your capital will go with it.
Eveready: From 2.50 to 3 bob is super capital gains. When did you last buy Eveready batteries?
Check this out...
http://www.youtube.com/w...4Gg&feature=related
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own