wazua Wed, Apr 1, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages<1234>
Unga Financial report
Options
Previous Topic · Next Topic
VituVingiSana
#11 Posted : Saturday, September 03, 2011 10:13:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@dunkang - SafCon... yes! Why?

1) They had a sort of monopoly since it was favored [only 2 licensees & both were political]
- SafCon had mobitelea (owners considered to be moi & cronies) which wanted to maximize profits.
- Celtel was 60% owned by merali (a front for moi & friends)
- Many say that mobitelea paid off folks in NARC government too.

2) The 3rd operator was frustrated - Econet - which could have upset the other 2 entities.

Unlike firms which face a lot of competition (or competitors) like: - Unga (which is in the top 5 but I doubt the largest Miller in Kenya)
- KenolKobil (there are numerous competitors including Total, Shell, OilLibya/Mobil, NOCK)

The banks have a unique position. It is a sort of Oligopoly where competition is not on price but on service, offerings & innovation. The price is almost the same everywhere.

Kenyans need to shift from larger banks to smaller banks to break the monopoly BBk, SCBK, etc had.

I like that Equity Bank has gone from a small bank to a large bank.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Jamani
#12 Posted : Saturday, September 03, 2011 10:24:45 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
@dunkang - SafCon... yes! Why?


Kenyans need to shift from larger banks to smaller banks to break the monopoly BBk, SCBK, etc had.

I like that Equity Bank has gone from a small bank to a large bank.


VVS for interest sake would you put your serious money in Equity?
Back to top
  |
VituVingiSana
#13 Posted : Saturday, September 03, 2011 10:34:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Jamani wrote:
VituVingiSana wrote:
@dunkang - SafCon... yes! Why?


Kenyans need to shift from larger banks to smaller banks to break the monopoly BBk, SCBK, etc had.

I like that Equity Bank has gone from a small bank to a large bank.


VVS for interest sake would you put your serious money in Equity?

My 'problem' is lack of cash not opportunities.
1) I think Equity will drop in price coz the NPAs will rise & profit growth will suffer in 2011 BUT I will get in once the price looks enticing.
2) I see constraints in 2012 (elections) but I have seen their growth in EAC. They will expand RAPIDLY outside Kenya. Kenya profits will stop growing (huge) in 2013 but the subsidiaries will take over.
3) In Kenya any (significant) profit growth will be due to cost-cutting.
4) Management is voracious. They use the best technology. Push boundaries. Love it!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Jamani
#14 Posted : Saturday, September 03, 2011 10:39:47 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
Jamani wrote:
VituVingiSana wrote:
@dunkang - SafCon... yes! Why?


Kenyans need to shift from larger banks to smaller banks to break the monopoly BBk, SCBK, etc had.

I like that Equity Bank has gone from a small bank to a large bank.


VVS for interest sake would you put your serious money in Equity?

My 'problem' is lack of cash not opportunities.
1) I think Equity will drop in price coz the NPAs will rise & profit growth will suffer in 2011 BUT I will get in once the price looks enticing.
2) I see constraints in 2012 (elections) but I have seen their growth in EAC. They will expand RAPIDLY outside Kenya. Kenya profits will stop growing (huge) in 2013 but the subsidiaries will take over.
3) In Kenya any (significant) profit growth will be due to cost-cutting.
4) Management is voracious. They use the best technology. Push boundaries. Love it!


Thanks, though my question was different i guess i wasnt clear, i meant would you bank with Equity, but the insight you have shed about investing into it is so good.... i like it
Back to top
  |
VituVingiSana
#15 Posted : Saturday, September 03, 2011 12:07:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@Jamani - Ironically, I do not bank with Equity. Why? Not the bank for me. I need more flexibility & personal service which I think Equity cannot provide at the moment. I may be wrong.

Nevertheless, I know folks who swear by them coz of flexibility. What I have seen are products which I wish my bank had!!! Also the huge number of ATMs & branches... and now agents!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Jamani
#16 Posted : Saturday, September 03, 2011 12:15:06 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
@Jamani - Ironically, I do not bank with Equity. Why? Not the bank for me. I need more flexibility & personal service which I think Equity cannot provide at the moment. I may be wrong.

Nevertheless, I know folks who swear by them coz of flexibility. What I have seen are products which I wish my bank had!!! Also the huge number of ATMs & branches... and now agents!


I thought so..... back to Unga i just hope they pull something out in the next 2 years, i have been stuck in there with over 100k shares
Back to top
  |
Jamani
#17 Posted : Thursday, September 29, 2011 6:54:36 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
Pole... I was sort off offline for the past few days...

I expect the results for FY 2010-11 (Yr End 30 June) by 30th Sep 2011 though bad news is often delayed!

Unfortunately for any firm dealing in 'consumables' reporting good profits is a 'problem' e.g. KPLC, KK, etc

Why? Folks think high profits is a sign of a rip-off even if the profits simply match inflation or ROE matches banks lending rates!

I always try to read further into the results i.e. has the firm 'hidden' profits in other parts of the Balance Sheet?


The D-day is just hours away lets see whats in the books....
Back to top
  |
QW25081985
#18 Posted : Thursday, September 29, 2011 7:07:41 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
who still buys this company ..lol
Back to top
  |
Jamani
#19 Posted : Thursday, September 29, 2011 7:13:02 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
QW25081985 wrote:
who still buys this company ..lol


I do

And am told, that they have reported a surge in profits by 80% and a DPS of 0.75/-( I havent seen the report )
Back to top
  | | Edit by user: Friday, September 30, 2011 8:59 AM | Reason: Not specified
Jamani
#20 Posted : Friday, September 30, 2011 9:05:48 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Jamani wrote:
QW25081985 wrote:
who still buys this company ..lol


I do

And am told, that they have reported a surge in profits by 80% and a DPS of 0.75/-( I havent seen the report )


Anyone seen the report?....please post a link
Back to top
  |
4 Pages<1234>
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.