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Equity Bank Q1 2016 Results
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Aguytrying
#81 Posted : Tuesday, July 19, 2016 7:04:36 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sparkly wrote:
hisah wrote:
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?


People have lost faith in stocks. Yes, I belief that we will see 30 soon


When Kcb Bat plummeted from 40 to 32. I knew it was only a matter of time before equity joins. Eventually saf should join the party
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#82 Posted : Tuesday, July 19, 2016 7:09:52 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
sparkly wrote:
hisah wrote:
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?


People have lost faith in stocks. Yes, I belief that we will see 30 soon


When Kcb Bat plummeted from 40 to 32. I knew it was only a matter of time before equity joins. Eventually saf should join the party


perhaps EABL another overpriced stock.
Life is short. Live passionately.
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lochaz-index
#83 Posted : Tuesday, July 19, 2016 7:17:57 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.

The economy is in dire straits. The fact that banks are some of the stocks that have tanked the hardest yet their numbers and books still appear rosy says a lot.

The interbank market is dead or not as vibrant as it used to be. If the banks are cautious/hesitant in lending to each other what happens to liquidity and credit expansion?

Those loan books have been on an ever rising trajectory since 2002, what happens when the charge-offs start to be administered? I don't think the reset is complete.

The govt will on the other hand choke the life out of the private sector since external borrowing is becoming pricier and unsustainable. It is possible we will end up with another bout of a weakening KES and rising interest rates.


The main purpose of the stock market is to make fools of as many people as possible.
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MaichBlack
#84 Posted : Tuesday, July 19, 2016 7:19:33 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
Aguytrying wrote:
sparkly wrote:
hisah wrote:
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?


People have lost faith in stocks. Yes, I belief that we will see 30 soon


When Kcb Bat plummeted from 40 to 32. I knew it was only a matter of time before equity joins. Eventually saf should join the party

I remember you NOT mentioning it.
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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Ebenyo
#85 Posted : Tuesday, July 19, 2016 8:53:12 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Metasploit wrote:
Ebenyo wrote:
Ericsson wrote:
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.


from that 60 billion,7bilion itapunguza NPLs ya kcb from 30 billion to 23bilion.


Ebenyo..whatyu talking bout


@metasploiti,what i meant was that the 60 bilion that the treasury borrowed from china,7bilion will reduce the kcb npl.
Towards the goal of financial freedom
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mkate_nusu
#86 Posted : Wednesday, July 20, 2016 12:08:01 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
Metasploit wrote:
Ebenyo wrote:
Ericsson wrote:
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.


from that 60 billion,7bilion itapunguza NPLs ya kcb from 30 billion to 23bilion.


Ebenyo..whatyu talking bout


@metasploiti,what i meant was that the 60 bilion that the treasury borrowed from china,7bilion will reduce the kcb npl.


that 60 bn is for paying contractors not repaying debts. KCB is a gvt entity those NPLs will keep rising especially with elections approaching as mps take out loans for campaign
KEGN, KPLC, KQ, SCOM
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muandiwambeu
#87 Posted : Wednesday, July 20, 2016 6:30:41 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
lochaz-index wrote:
Ericsson wrote:
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.

The economy is in dire straits. The fact that banks are some of the stocks that have tanked the hardest yet their numbers and books still appear rosy says a lot.

The interbank market is dead or not as vibrant as it used to be. If the banks are cautious/hesitant in lending to each other what happens to liquidity and credit expansion?

Those loan books have been on an ever rising trajectory since 2002, what happens when the charge-offs start to be administered? I don't think the reset is complete.

The govt will on the other hand choke the life out of the private sector since external borrowing is becoming pricier and unsustainable. It is possible we will end up with another bout of a weakening KES and rising interest rates.



add some Molotov concotion by erc and see petro tail wiggle waggle do some more magic. will petrodollar spicing spoke it more? the market has its magicians busy with spanners.
,Behold, a sower went forth to sow;....
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Ericsson
#88 Posted : Wednesday, July 20, 2016 12:29:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@mkate_nusu
The contractor took a loan from KCB to undertake the project with a promise that he will repay when the gava pays him.
MPs don't take bank loans as campaign nears.They either steal from taxpayers money through giving themselves hefty one-off packages or get bribes to defect from one party to another Ababu style
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metasploit
#89 Posted : Wednesday, July 20, 2016 1:34:56 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
hisah wrote:
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?


11M changed hands again with a price dip to a low of 36.25..Confirmation of distribution

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#90 Posted : Wednesday, July 20, 2016 1:50:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
hisah wrote:
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?


11M changed hands again with a price dip to a low of 36.25..Confirmation of distribution

36.25 tested intraday. I expect 36 handle to be defended. Losing that support will send the price reeling towards 30.

But as volatility increases so does the end come sooner smile The market needs this rapid capitulation to run out of town all the weak holders before the trend shifts the other way.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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