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Equity Bank Q3 2015 results 12.8bn PAT
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Mainat
#1 Posted : Tuesday, October 27, 2015 6:06:50 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Equity;s 12.8bn PAT

Took a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter.
Good numbers, but I suspect some more provisions will be booked in December
Sehemu ndio nyumba
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  | | Edit by moderator: Thursday, October 29, 2015 10:27 AM | Reason: title clarified
Sir invest
#2 Posted : Tuesday, October 27, 2015 8:53:27 AM
Rank: Member

Joined: 8/19/2015
Posts: 125
Provision for loss is the best practice ever in the banking industry. i like this.
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Sam_Kibs
#3 Posted : Tuesday, October 27, 2015 8:56:39 AM
Rank: New-farer

Joined: 7/1/2015
Posts: 67
Mainat wrote:
Took a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter.
Good numbers, but I suspect some more provisions will be booked in December

Equitel gains?? cant see any
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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watesh
#4 Posted : Tuesday, October 27, 2015 9:14:59 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Sam_Kibs wrote:
Mainat wrote:
Took a Ksh1bn hit for additional loan loss provision in Q3. Will almost certainly do a rights issue before year end or next quarter.
Good numbers, but I suspect some more provisions will be booked in December

Equitel gains?? cant see any

Equitel is still not profitable....I see no rights issue this year or early next year unless Ethiopia opens up its market. It hasn't even been proposed to and approved by the shareholders. Rights issue in a bear market is a bad idea.
I heard they banked a deal with DRC govt to bank civil servants in one region plus it will recover investment in 3 years.
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S.Mutaga III
#5 Posted : Tuesday, October 27, 2015 6:58:13 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30)
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Impunity
#6 Posted : Tuesday, October 27, 2015 7:03:16 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
S.Mutaga III wrote:
This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30)


Me waiting at below 15, at the core of bear!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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S.Mutaga III
#7 Posted : Tuesday, October 27, 2015 7:11:18 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Impunity wrote:
S.Mutaga III wrote:
This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30)


Me waiting at below 15, at the core of bear!

In your dreams Laughing out loudly Laughing out loudly Laughing out loudly
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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MaichBlack
#8 Posted : Tuesday, October 27, 2015 7:44:11 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
Impunity wrote:
S.Mutaga III wrote:
This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30)


Me waiting at below 15, at the core of bear!

What are people smoking???
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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enyands
#9 Posted : Tuesday, October 27, 2015 7:50:18 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
MaichBlack wrote:
Impunity wrote:
S.Mutaga III wrote:
This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30)


Me waiting at below 15, at the core of bear!

What are people smoking???

Refer to mnandii wave equation on human behavior during bear . People will hallucinate alot .
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Boris Boyka
#10 Posted : Tuesday, October 27, 2015 7:54:50 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
MaichBlack wrote:
Impunity wrote:
S.Mutaga III wrote:
This is a company to watch going forward. I predict that in less than five years, Equity bank will be way more profitable than Safaricom...primarily due to the huge contribution by subsidiaries. By then, subsidiaries will contribute more than 50% of the banks profits. I would buy this stock any day at the right price...(below 30)


Me waiting at below 15, at the core of bear!

What are people smoking???

I acknowledge the Bear is real, Bangi si mboga!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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