Equity Bank HY 2011 results - Page 9 - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » Equity Bank HY 2011 results

Equity Bank HY 2011 results

Options

Previous Topic · Next Topic

Sober		#81 Posted : Monday, July 25, 2011 2:03:29 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		26 is not doable considering the current market conditions. If the good results has only triggered 3% gain is any record to go buy. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Back to top		\|
User Profile

cnn		#82 Posted : Monday, July 25, 2011 2:12:18 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		Sober wrote: 26 is not doable considering the current market conditions. If the good results has only triggered 3% gain is any record to go buy. I dont have any holding in Equity,but if there is a share which can defy all, this it.At 23.75 now and demand seven times supply let us see.
Back to top		\|
User Profile

selah		#83 Posted : Monday, July 25, 2011 2:32:29 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		will this company dislodge safaricom as the most profitable company...I kind of believe it now..its possible. The agency banking is taking shape and once it fully takes off EB staff should prepare themselves for a serious downsizing giving way for a new crop of risk managers. The only thing that may affect the growth of this bank might be as many of wazuan are saying inflation and the uncertainties of 2012 elections. One thing I like about this bank(although I dont have any of its shares) is the brand loyalty and its simplified business. The CEO had indicated sometime back they are only utilizing about 20% of its IT capacity...Now imagine if the company could get partners who would pay to utilize the other 80% the potential for growth is limitless. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top		\|
User Profile

hisah		#84 Posted : Monday, July 25, 2011 2:47:02 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		@mukiha and @ renegade, I will show u what I mean when it heads sub 20. For now my math will remain senseless... Algo forecasting trading. That's the method $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top		\|
User Profile

kenyainvestor		#85 Posted : Monday, July 25, 2011 2:47:47 PM
Rank: Member Joined: 7/12/2011 Posts: 194		selah, Safaricom had a Profit Before Tax of Kshs. 18.36 Billion. Equity will need at least 2 years to upstage them... And, if you so much admire the bank, why don't you have it in your portfolio? Just wondering... LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
Back to top		WWW \|
User Profile

kenyainvestor		#86 Posted : Monday, July 25, 2011 2:50:23 PM
Rank: Member Joined: 7/12/2011 Posts: 194		Upstaging them in Market Capitalisation is a whole different ball game however LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
Back to top		WWW \|
User Profile

kenyainvestor		#87 Posted : Monday, July 25, 2011 2:53:02 PM
Rank: Member Joined: 7/12/2011 Posts: 194		cnn wrote: Sober wrote: 26 is not doable considering the current market conditions. If the good results has only triggered 3% gain is any record to go buy. I dont have any holding in Equity,but if there is a share which can defy all, this it.At 23.75 now and demand seven times supply let us see. It did react positively to results. We haven't seen that a lot recently, apart from Kenol Kobil maybe LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
Back to top		WWW \|
User Profile

the deal		#88 Posted : Monday, July 25, 2011 3:08:10 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Equity Bank became the first Kenyan Bank to announce its 1H 2011 earnings; KCB is expected to report its earnings tomorrow. Equity Bank's 1H 2011 earnings missed my estimate by many miles, i expected 1H growth in PAT to be in 70-84% range as per the CEO's bullish sentiments earlier this year never the less Equity Bank’s growth momentum slowed in the 2Q of 2011, this is mainly due to high inflation which slowed down lending to consumers. Non interest income just like in the 1Q contributed 44% of total operating income. If Equity Bank is able to maintain this performance in the second half full year 2011 PAT will come in at around Sh9.4 Billion versus Sh7.1 Billion for 2010. I expect the 2H to be more challenging than the 1H mainly due to high inflation which is projected to hit 22% by year end, I expect interest rates to go up as CBK battles to contain the run away inflation, the two factors might further slowdown lending in the 2H and thus slow down growth in terms of EPS and PAT, my price target on the stock is now Sh26. Read more here http://www.contrarianinv...momentum-slows-down.html
Back to top		\|
User Profile

selah		#89 Posted : Monday, July 25, 2011 3:21:13 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		kenyainvestor wrote: selah, Safaricom had a Profit Before Tax of Kshs. 18.36 Billion. Equity will need at least 2 years to upstage them... And, if you so much admire the bank, why don't you have it in your portfolio? Just wondering... The reason I dont have it in my portfolio is because Its risk exposure compared to my current investments is too high(its target market is too risky in my opinion) I was observing this segment during the PEV aftermath and although Equity survived its peers in the segment wrote off a lot of bad debts and registered losses that made me wary of any bank that primarily targets this market. My observation does not mainly look at election violence but also any considerable shock in the SME can really affect the performance of Equity. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top		\|
User Profile

Barrywhite		#90 Posted : Monday, July 25, 2011 3:50:10 PM
Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi		Why do some guys here believe Raila would frustrate equity? If l remember correctly, Raila himself was the guest of honour in opening Equity Bank branches in Bondo, Siaya & Homa Bay. He himsefl encouraged locals to get loans from Equity to develop their businesses. Jetlink in which Raila has considerable shares banks with 3 banks, including Equity. Where does this perception that he would frustrate Equity is coming from? Separately, Equity needs a few years to reach Safaricom. Granted Safaricom has come under pressure due to tariff pricing and market regulation, but at this rate, Equity need 2.5 - 3 years to reach safaricom's profitability. The laudable is more often than not rendered laughable by overclaim
Back to top		WWW \|
User Profile

16 Pages«<7891011>»

Wazua » Investor » Stocks » Equity Bank HY 2011 results

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded