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KCB and Equity Dividends Anouncements Are Close By

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ngapat		#21 Posted : Thursday, March 01, 2012 1:35:31 PM
Rank: Veteran Joined: 12/11/2006 Posts: 930		15.1 billion in pre-tax profit. to pay sh 1.85 as dividends “Invest in yourself. Your career is the engine of your wealth.”
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Jamani		#22 Posted : Thursday, March 01, 2012 1:45:11 PM
Rank: Elder Joined: 9/12/2006 Posts: 1,554		Roar!!!!
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GenghisCapitalLtd		#23 Posted : Thursday, March 01, 2012 3:00:21 PM
Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi		mwanahisa wrote: GenghisCapitalLtd wrote: My forecasts are EPS at 3.57 with DPS at 1.65. This EPS forecast is way too high. Given KCB's Q3 earnings, I project an EPS of about Kshs 2.89, however it could fall within a range of Kshs 2.80 - 3.00. DPS will most likely not top Kshs 1.50. In Equity's case EPS will come in at about Kshs 2.63 (range from Kshs 2.50 to 2.70). Given Equity's past dividend payout history, I expect DPS to be between Kshs 1.00 to 1.20. Mwanahisa you were saying? It even outperformed my forecasts with EPS at 3.72 and DPS at 1.85. Fantastic results but got a hunch Equity will blow this out of the water Follow us on Twitter @genghiscapital “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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mwanahisa		#24 Posted : Thursday, March 01, 2012 3:14:56 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		Kudos @GGL, You were certainly a lot closer than my estimate. I stand corrected, but as a shareholder, I will happily eat humble pie as I book my holiday with the expected dividend cheque (on the windfall above my Kshs 1.50 projection). Do you honestly believe Equity can surpass PAT of 10.9B or better yet PBT of 15.1B? GenghisCapitalLtd wrote: mwanahisa wrote: GenghisCapitalLtd wrote: My forecasts are EPS at 3.57 with DPS at 1.65. This EPS forecast is way too high. Given KCB's Q3 earnings, I project an EPS of about Kshs 2.89, however it could fall within a range of Kshs 2.80 - 3.00. DPS will most likely not top Kshs 1.50. In Equity's case EPS will come in at about Kshs 2.63 (range from Kshs 2.50 to 2.70). Given Equity's past dividend payout history, I expect DPS to be between Kshs 1.00 to 1.20. Mwanahisa you were saying? It even outperformed my forecasts with EPS at 3.72 and DPS at 1.85. Fantastic results but got a hunch Equity will blow this out of the water
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earthvoice		#25 Posted : Thursday, March 01, 2012 3:42:26 PM
Rank: Member Joined: 1/29/2011 Posts: 257		KCB out, very impressive . When does Member announce its results? Exciting times, these are! $$$$$ "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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GenghisCapitalLtd		#26 Posted : Thursday, March 01, 2012 4:12:34 PM
Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi		Does anyone else believe that member waits for its biggest rival in KCB to announce first? I think they do cz talking to some of my media friends, member have given them a run around on the exact date! Mwanahisa I have estimates of PBT 15.2Bn and PAT 12Bn or there about. Will wait and c au sio?! Follow us on Twitter @genghiscapital “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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mwanahisa		#27 Posted : Thursday, March 01, 2012 4:36:55 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		GenghisCapitalLtd wrote: Does anyone else believe that member waits for its biggest rival in KCB to announce first? I think they do cz talking to some of my media friends, member have given them a run around on the exact date! Mwanahisa I have estimates of PBT 15.2Bn and PAT 12Bn or there about. Will wait and c au sio?! Over the last 2 or so years, its certainly looked like that. In the days when EBL were sure they were top or had extraordinary growth in their profits they were very quick off the blocks. As for a PBT of 15.2 B, this will be a very big ask for EBL. It implies that Equity will have made 5.8B in Q4 after doing 9.4 for the year to Sep-2011. It is of course possible but will be a tough act. Note that KCB made just about 6B in Q4 but you will have seen the huge spike in KCB's other income in Q4 - upwards of 2B. I am guessing that most of this were writebacks against provisions or Bad Debts previously written off. KCB of course has a far greater stock of Bad Debts/Provisions than Equity. So EBL may not have that kind of ammunition. All the same, let's wait and see what James pulls out of his hat. BTW, I am in both so I earnestly hope he can, but ....
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dunkang		#28 Posted : Thursday, March 01, 2012 4:39:53 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		GenghisCapitalLtd wrote: Does anyone else believe that member waits for its biggest rival in KCB to announce first? I think they do cz talking to some of my media friends, member have given them a run around on the exact date! Mwanahisa I have estimates of PBT 15.2Bn and PAT 12Bn or there about. Will wait and c au sio?! I am a Member, but, the KCB results have just made my membership life painful. I was in South Sudan for 4 months and i concur KCB roars in the region outside Kenya. Otherwise, i see King James declares everything and exposing himself to the parliamentary committee on the USD/KES saga!!!! Receive with simplicity everything that happens to you.” ― Rashi
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jerry		#29 Posted : Thursday, March 01, 2012 5:47:15 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		dunkang wrote: Last year, Equity was meaner, and would try to out do their many rival KCB. So, Equity: Div Yield 6%! (at 19/- share price) It's 1.14 for member you mean? The opposite of courage is not cowardice, it's conformity.
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BGL		#30 Posted : Thursday, March 01, 2012 11:02:01 PM
Rank: Veteran Joined: 10/11/2009 Posts: 1,223		what is equity bank waiting for? it is the first time since they listed that they will be reporting in march! History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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