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Equity Bank - Founders stealthly reducing their stakes
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My 2 cents
#1 Posted : Monday, March 14, 2011 10:27:18 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
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Papa Investor
#2 Posted : Monday, March 14, 2011 10:38:00 AM
Rank: New-farer

Joined: 6/3/2010
Posts: 96
cash is king....
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youcan'tstopusnow
#3 Posted : Monday, March 14, 2011 11:29:55 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kwani hamtaki ainvest IPO za BRITAK na Transcentury?Laughing out loudly He needs cash to do this. I believe James Mwangi still has big plans for Equity. Ati maturity? Haha. Bado hata growth. Watch this space...
GOD BLESS YOUR LIFE
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My 2 cents
#4 Posted : Monday, March 14, 2011 11:31:37 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
youcan'tstopusnow wrote:
Kwani hamtaki ainvest IPO za BRITAK na Transcentury?Laughing out loudly He needs cash to do this. I believe James Mwangi still has big plans for Equity. Ati maturity? Haha. Bado hata growth. Watch this space...


The IPOs you mention are also exit strategies for founder members of those companies.ABK!!!
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Burning Spear
#5 Posted : Monday, March 14, 2011 11:31:53 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
they are taking profits but the same big boys will re-enter the markets through proxy (though to be phased out soon by CMA) or by registering companies in Guernsey and other islands and re-enter the market as foreign investors.
Equity is expanding to Tanzania and the future remains bright and cannot be ignored.
"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
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innairobi
#6 Posted : Monday, March 14, 2011 11:45:22 AM
Rank: Member

Joined: 9/2/2010
Posts: 845
Nothing unusual here. You would have to be crazy to continue to hold all your wealth in a single stock. Even Bill Gates has been gradually exiting Microsoft stock which now comprises about 30% of his holdings.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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My 2 cents
#7 Posted : Monday, March 14, 2011 12:53:33 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
When it comes to EB; it amazes me how many people are willing to stick their heads in the sand. WB is totally invested in HB, if you are minding the basket and are totally aware and confident in the prospects of your business why would you want to diversify?

People do things in their self interest. The only reason why the CEO would want to divest is because he believes the stock is overvalued and he is better off cashing out. If he still believed in further growth, he'd continue to hold!!!
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Wendz
#8 Posted : Monday, March 14, 2011 1:11:38 PM
Rank: Elder

Joined: 6/19/2008
Posts: 4,268
My 2 cents wrote:
When it comes to EB; it amazes me how many people are willing to stick their heads in the sand. WB is totally invested in HB, if you are minding the basket and are totally aware and confident in the prospects of your business why would you want to diversify?

People do things in their self interest. The only reason why the CEO would want to divest is because he believes the stock is overvalued and he is better off cashing out. If he still believed in further growth, he'd continue to hold!!!


That would be one reason, but not the only reason. For example, why would you want to hold up billions in one company when you can diversify to other companies... Its the same way we do..... Equity still has growth unless you are confident that everyone in kenya is fully banked and totally loaned out... which is far from truth... but there are other vehicles you want to board. Why? because you see a higher growth prospect than what you are holding or for diversification in an equally potential industry........

So in my view, some people are just pressing panic buttons on just a natural process of investments.....
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innairobi
#9 Posted : Monday, March 14, 2011 1:18:00 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
Two points to note in your surprisingly ignorant outburst:

1. What is HB? I only know of Berkshire Hathaway (BH).

2. Berkshire Hathaway is a diversified conglomerate that is in everything from financial services, steel and apparel, to energy, furniture and the media. It is completely different from homogeneous entities like Microsoft and Equity Bank. http://www.berkshirehath...com/subs/sublinks.html.


My 2 cents wrote:
When it comes to EB; it amazes me how many people are willing to stick their heads in the sand. WB is totally invested in HB, if you are minding the basket and are totally aware and confident in the prospects of your business why would you want to diversify?

People do things in their self interest. The only reason why the CEO would want to divest is because he believes the stock is overvalued and he is better off cashing out. If he still believed in further growth, he'd continue to hold!!!

All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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For Sport
#10 Posted : Monday, March 14, 2011 1:41:59 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Does equity have a succession plan? i.e. the bank after Mwangi? Heard those stories where a woman asks another to please hold her baby and she’ll be back shortly – and then disappears? What I’m sure about is:
1. I’m not going to be left holding anyone’s baby
2. If the owner is getting out, I should also think about it. Seriously. Mercifully, my shares are so few there’ll barely be a blip when I sell.
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