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Equity Bank Q1 2015 earnings up 11%
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mlennyma
#11 Posted : Friday, May 08, 2015 1:41:29 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Study and see there is a repeated pattern between 45 and 50.50 on this share which can make a good hit and run play
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#12 Posted : Friday, May 08, 2015 5:00:24 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
Study and see there is a repeated pattern between 45 and 50.50 on this share which can make a good hit and run play

The EQTY chart is showing a classic waterfall selloff. The next low will break 45/- support. Watchout!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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MaichBlack
#13 Posted : Monday, May 11, 2015 2:54:23 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,848
Best Bank in Kenya
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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ngapat
#14 Posted : Tuesday, May 12, 2015 6:55:34 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Part of the agreement between Equity and airtel was to share voice and data revenue from Equitell in a certain percentage(airtel taking the lions share). Airtel would not allow a competitor to use its network without conditions. Thats why Safaricom and Orange refused to allow Equitel to use their networks.

I predict Equitel will want to acquire a full mobile operator licence in future through finserve once they achieve a certain customer base and probably by forming a partnership
“Invest in yourself. Your career is the engine of your wealth.”
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watesh
#15 Posted : Tuesday, May 12, 2015 9:33:24 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
ngapat wrote:
Part of the agreement between Equity and airtel was to share voice and data revenue from Equitell in a certain percentage(airtel taking the lions share). Airtel would not allow a competitor to use its network without conditions. Thats why Safaricom and Orange refused to allow Equitel to use their networks.

I predict Equitel will want to acquire a full mobile operator licence in future through finserve once they achieve a certain customer base and probably by forming a partnership

Becoming a full telecom can be expensive. You need quite a huge number of active customers to pay maintenance fees of the infrastructure involved
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murchr
#16 Posted : Wednesday, July 01, 2015 11:10:33 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
IN SUMMARY

An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft.

David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court.

He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment.

http://www.businessdaily.../-/11srejfz/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Aguytrying
#17 Posted : Thursday, July 02, 2015 11:11:04 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
[quote=murchr]IN SUMMARY

An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft.

David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court.

He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment.

http://www.businessdaily...-/11srejfz/-/index.html[/quote]

If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks
The investor's chief problem - and even his worst enemy - is likely to be himself
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iris
#18 Posted : Thursday, July 02, 2015 1:54:58 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
Aguytrying wrote:
[quote=murchr]IN SUMMARY

An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft.

David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court.

He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment.

http://www.businessdaily...-/11srejfz/-/index.html[/quote]

If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks


I don't see anywhere in the article that Equity was keen to report this or even that it was responsible for exposing the fraud. This happened over a month ago. If they are on the side of angels, how come we are finding out now? Unless it is just me who had my head in the wrong place.
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VituVingiSana
#19 Posted : Thursday, July 02, 2015 2:40:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Aguytrying wrote:
[quote=murchr]IN SUMMARY

An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft.

David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court.

He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment.

http://www.businessdaily...-/11srejfz/-/index.html[/quote]

If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks

At KQ, Mumias or NBK... KES 274mn is pocket change. They eat in the billions.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#20 Posted : Thursday, July 02, 2015 5:24:49 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
iris wrote:
Aguytrying wrote:
[quote=murchr]IN SUMMARY

An Equity Bank Uganda executive has allegedly swindled the lender of $2.8 million (Sh274 million), adding the Kenyan firm to the growing list of companies that have been hit by internal theft.

David Serwamba Musoke was on Tuesday charged with stealing $1.4 million (Sh137 million) through money laundering, according to the charge sheet in a Kampala court.

He is facing two other charges of embezzlement, in which he is accused of stealing $700,000 and $750,000 (or a total of Sh142.1 million) which prosecutors say went into his possession by virtue of his employment.

http://www.businessdaily...-/11srejfz/-/index.html[/quote]

If this was KQ, MUMIAS, NBK this story would have never been released and nothing would have been done to the criminals. Thats the difference folks


I don't see anywhere in the article that Equity was keen to report this or even that it was responsible for exposing the fraud. This happened over a month ago. If they are on the side of angels, how come we are finding out now? Unless it is just me who had my head in the wrong place.


Who do you think is suing the UG CEO?
The investor's chief problem - and even his worst enemy - is likely to be himself
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