News just in from the grapevine has it that following disastrous EB half year results,Mwangi has given notice of intent to CLOSE all loss making branches before year end........ I see rough times ahead.....the bubble has gone bust!


May we live in interesting times!

This donedeal fellow has nothing + to say about equity. Its obviously ua great joy if anything bad befalls this bank. Therefore,my conclusion points at an employee of another bank,probably a multinational,threatened by EB success. Maybe ua allegations could b true,but prove ua worth by asserting ua neutrality on EB modo...Remember ua loud mouth wen the counter was trading at an all time low of 90 bob? Today?

The only reason why some people are still alive is coz its illegal to shoot them!!

Of course this is not entirely impossible.

However,if true,it would go against the very thing EB has stood for during its growth years. Obviously EB is in business and not charity. But it would be interesting to see how that kind of decision is communicated to customers in a way that does not look like the BBK and Stanchart of yesteryears. That is,in a way that preserves/grows their market share.

As @simonkabz has alluded,the multinationals would definitely go gaga if that were to happen.

U forget to mention that Equity now has 30 branches in Uganda and will be getting into Rwanda this year. Equity executives already met Paul Kagame in Kigali to lay the groundwork and he wants them there asap. There's no way that M-PESA can replace a bank. (Can you decide to close your bank account just coz of M-PESA?)
The truth is that these EB guys know how to make a buck. In stead of wasting energy trying to 'shout them down' learn a thing or two from them and this will help you to make cash. If you can't learn anything then just buy their shares and ride on their success. In 5 years this counter will be in the triple digits.
Otherwise you'll end up experiencing what many disgruntled but diehard MAN-U haters have had to put up with over so many years.

my fellow sk members,how are you? i am disturbed by the news about eqiuty very much,the closure of this bank will be catastrophic to all,that aside i am led to believe that there is a truth in this matter,i remember i was in nyanga stock brokers when the news of its misrule started. u all know what happened. those who were in discount were defending it in this forum unitl the last minutes and then they went silence. MY fello sk members,as much as you as defend a company,remember that there is a stint of truth even in the worse of lies. its better to be safe than sorry. nyanga and discount turned true..... will this be third prediction to come true in this forum? only time will tell,in the meantime,THINK.

hasta la vista