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Equity HY Results
Rank: Elder Joined: 6/27/2008 Posts: 4,114
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No need for guesswork...only a few hours to go!! Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Does a 'few hours' mean after market closing? They can't announce when the market is in session. It's lost 30 cts so far.....
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@G.G; 3pm is only 3 hours & 15 minutes from now...that is 'a few'!!!!! Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 6/4/2008 Posts: 345
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pls see live stats from richlive on equity bank trading.
total demand
438,500
1,387,000
total supply
EQTY TRADING
time(desc)
prev. close
share. trans
last price
Kshs
percent
12:29:51
16.80
299,800
16.55
-0.25
1.49%
12:06:20
16.80
1,100
16.55
-0.25
1.49%
12:06:20
16.80
1,000
16.50
-0.30
1.79%
12:06:15
16.80
1,000
16.55
-0.25
1.49%
12:06:13
16.80
1,000
16.55
-0.25
1.49%
12:06:08
16.80
0
16.55
-0.25
1.49%
is there somthing that we dont know regarding the results? Could they have made a loss in their half year results? Are we headed for a massacre Mumias style? Hope the 3PM conference has some encouraging news. We will need it. Trust me.
'You can fool all the people some of the time,and some of the people all the time,but you cannot fool all the people all the time.'
Abraham Lincoln.
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Rank: Member Joined: 12/8/2008 Posts: 359
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A loss is unlikely. A drop in profit relative to 1H-08 is almost definite. Only question is by how much. Anything else would be a (pleasant or unpleasant) surprise.
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Rank: Member Joined: 12/13/2006 Posts: 108
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no need to over-analyze the results. 08 was xmasi and so a peak that was completely unexpected. You can't blame them for taking in the super profits.
Other than that the bank has continued to grow well. 1200 new customers per day in Uganda without any advertising. If they keep up the momentum they could pull an Equity Bank Kenya in Uganda and you know how the profits come rolling in at that point.
My advice see the forest for the trees. This is still a very good business with a very special value sell. If it completely conquers Uganda and hopefully moves into another high potential country like Ghana,Nigeria or S. Africa - the value of this bank will go through the roof. This is the kind of stock that if it continues to do well can create a few millionaires in this country. Imagine an Africa-wide EB with HQs in Nairobi,Kenya.
I'm waiting for the results with interest as a pointer to future performance but still focused on the long term.
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Rank: Member Joined: 1/9/2008 Posts: 537
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profits 15% down q on q 2.7bn agst 3.09bn
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Rank: Member Joined: 6/4/2008 Posts: 345
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That would explain the sudden dip in the share price today. Damn this. Would you have a link we can click to read more?
'You can fool all the people some of the time,and some of the people all the time,but you cannot fool all the people all the time.'
Abraham Lincoln.
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Rank: Member Joined: 6/4/2008 Posts: 345
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http://af.reuters.com/ar...s/idAFJOE57C0FX20090813
'You can fool all the people some of the time,and some of the people all the time,but you cannot fool all the people all the time.' Abraham Lincoln.
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Rank: Chief Joined: 1/3/2007 Posts: 18,099 Location: Nairobi
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Good results after you knock off the one-time gain they had last year... Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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This is one of few banks that still excellent momentum going fwd. Compare its entry into Ug with any other Kenyan bank,if u don't believe. Infact,Its diversification from kenya will do it a power of good bcos our economy will grow at a slower rate than of any EA nation. Hence issues with npls in the Kenyan business. Short-term presents an excellent entry point for those who are interested in holding for 2 or more years. www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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@ mainat no doubt about that... EB has persistently demonstrated growth in the banking sector... i am confident that this counter is still a star... you've heard me.. When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Member Joined: 10/26/2007 Posts: 31
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Hi Guys,i would wish to know how other banks performed comparatively with the 'one off event' . Mwangi has separated it but have not seen other CEO's doing it.
Anyone with such an info? Thanks
Smooth
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Rank: Member Joined: 1/13/2009 Posts: 60
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As expected,the cooks did a great job!
May we live in interesting times!
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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this counter is plummeting... hope it will surmount very soon.... you've heard me.. When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Member Joined: 2/8/2007 Posts: 808
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results look ok under the circumstances. Expected worse from the loan book due to the drought. What was impressive is the regional performance. It does look like Equity will be making more than 500m profit from the region this year. Interesting comparison with KCB which could loose much more than that amount this year due to the regional xpnsn
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Hmmm....can anyone project the bank's PAT for the year 2010?? On the side,anyone in the knw when they will sort out their ATM mess? The only reason why some people are still alive is coz its illegal to shoot them!! TULIA.........UFUNZWE!
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Rank: Member Joined: 6/3/2006 Posts: 553
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@ SimonKabz, From management,the comment was 'Overall,the bank has invested over Sh8 billion in the past one year to diversify its business and upgrade its systems. ' The thicker the thigh the sweeter the pie. The thicker the thigh the sweeter the pie.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Thank u general,does it mean the 8 B would hav been part of the profits? In fact,that should b the million dollar question. The only reason why some people are still alive is coz its illegal to shoot them!! TULIA.........UFUNZWE!
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Rank: Member Joined: 6/3/2006 Posts: 553
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@ Simonkabz, Keep in mind there was expansion into UG that must have taken a huge chunk of that 8B. As for the system upgrades... 'Investment was made in shoring up the central ICT platform and an additional 279 ATMs were installed to bring the total to 585 Visa branded ATMs.' The thicker the thigh the sweeter the pie. The thicker the thigh the sweeter the pie.
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