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@TB : K-Rep Bank's 2008 Story
Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Rank: Member Joined: 10/26/2007 Posts: 31
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Since equity was introduced at shs 70 to NSE,it has been the most volatile stock in that it would rise and fall with or without fundamentals . it has been split (Think this to be 2nd time) and at one time issued share bonus .- i suspect this being a trick for it to be attractive hence it has resulted to a good number of persons benefiting from the price cycles and others lossing at wrong entry points .
I would equally wait for it to hit shs 7 to be convinced to buy,those supporting a buy now are actually selling off.
Smooth
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Rank: Member Joined: 12/9/2006 Posts: 186
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Mainat has always been emotional about Equity from the get go. His investment strategy on Equity is: see no evil,hear no evil and say no evil.
My stock pick are boring? How's your Kenya Capital Investment Group portfolio doing? I guess down by 55% since you were so smart as to buy the NSE at its peak.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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General,I thought you had a better understanding of how to analyse a bank’s banking book. Please start with a detailed read of the 2008,7 and 6 annual reports for BBK and Equity. Then we can discuss. Let me know if you need electronic copies. VV-price is perception-based i.e. all about your anticipated return. When I bought at Ksh134,naysers said it was expensive. TB  I see I touched a raw nerve-pole sana. Seriously,weren’t you tribal bigot number 1 on this forum in January 2008? I can see how you debate. Non-factually. Its easy,but I won’t indulge you. My Equity investment policy-see profits and more profits. www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 12/9/2006 Posts: 186
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@Mainat,please spare me the hypocricy,when I critisized the blatant stealing of the 2007 elections by a cabal of Kikuyu mafia I was branded a tribalist. today when Karua resigns coz the same mafia will not reform Kenya,you and your fellow Kikuyus laud her as a heroine. Please spare us your ukumbavu.
We saw in Kibaki the inept,tribalist,corrupt and anti-reform back in 2003,but your tribalism blinded you from seing the same. And today your kinfolk are crying reform and calling Kibaki inept and corrupt,bure kabisa.
Talking about investments,no wonder you eat,sleep and dream Equity coz its the only stock in your portfolio that's not in the red.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Maombi tafadhali. Looks like the tribalist is back. Like I said,you do ignorant too well. You don't nothing about Equity,you spout ignorance,you spout ignorance about Kikuyus. As for MainaT,you don't know nothing about him. Why do you bother with Kenya or NSE anyway? I thought you are an American who trades big on Wall Street? Ama the blue-eyed boys on Wall St don't get your ignorance either? www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 12/9/2006 Posts: 186
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Out of respect for ecstacy,I will not derail this thread to engage you in a slugfest coz I know that's what kumbaffus like you do to distract from the real issue at hand,which is Equity. Obviously this discource on Equity is too intellectual for you being such a sycophantic Mwangi's whore.So concider yourself ignored by me until you have something worthwhile to contribute on this forum other than emotion filled tirade.
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Rank: Member Joined: 6/3/2006 Posts: 553
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okay lets withdraw the cane and get back to class: I think appreciating risk,being aware of it and respecting it,makes you a good trader. It teaches you to be disciplined. Discipline allows you to trade effectively. You can take your ego out of it. You can go wrong 60,70 percent of the time and still make a lot of money. If you ignore the discipline of managing risk,you have to be right 80 percent of the time or more,and I don't know anyone who's that good. - Larry Rosenberg The thicker the thigh the sweeter the pie. The thicker the thigh the sweeter the pie.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Away from unsubstantiated claims or tribal affiliations,reflect:
· Which bank has turned out to be the most innovative bank in Africa,not East Africa,not Kenya..Africa?
· Does one invest with the innovative bank or the local ones copying its model,some woefully?
· Is the bank's target regional market saturated,really? When that ever happens,if it ever did,wouldn't the same if not worse,affect its laggard competitors?
· Doesn't regional expansion of a listed NSE company reduce political risk unlike for most NSE companies?
K-Rep comes nowhere in mind. Anyone in Kenya can attest to all banks going all and out to offer lending,including the 'conservatives' like StanChart,in the loan for payslip fashion condemned by TextBook ‘bankers’. I put my money where my mouth is; hence buying Equity Bank is a no brainer.
Equity Bank has a very long African,not Kenyan,'shelf life'.
Pricing will continue to anticipate and react positively to its strategic moves and past success.
The battle has shifted to beyond borders...Equity Bank has just but started…
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Rank: Member Joined: 12/9/2006 Posts: 186
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@ecstacy
Please tame your enthusiasm,Equity banking the previously unbankable and reducing bank fees is not that innovative,in fact I dare call it reckless in this type of economic environment. Like Buffett says,'when the tide recedes we see who's been swimming naked'. Equity's model rewards them handsomely when the economy is booming,but likewise it will punish them severely when the economy goes south. Its like leveraging,the sword cuts both ways.
You still havent addressed my concerns about the effects of the slowdown in the economy on Equity's defauilt rate,how does their risk management mitigate the added risk of default of the previously unbankable?
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@TB : K-Rep Bank's 2008 Story
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