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Equity Bank Q1 2016 Results
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snipermnoma
#91 Posted : Wednesday, July 20, 2016 8:27:07 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
hisah wrote:
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.


The way things are moving, there is no rapid capitulation in sight. This is one drawn out fight. Overall trend is down but painfully slow. Patience needed.
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Ebenyo
#92 Posted : Tuesday, July 26, 2016 7:53:52 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
I tried to put an order of 36.75 but my broker said 38.25.Got discouraged as there is no difference from my average buying price of 38.80 plus brokerage fee.
Towards the goal of financial freedom
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Ericsson
#93 Posted : Tuesday, July 26, 2016 11:14:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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streetwise
#94 Posted : Wednesday, July 27, 2016 8:56:18 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
The counting starts after the law is enacted which may mean the guy will have another 10 year, after all it is his bank
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MaichBlack
#95 Posted : Wednesday, July 27, 2016 9:03:46 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
streetwise wrote:
The counting starts after the law is enacted which may mean the guy will have another 10 year, after all it is his bank

Tell them @streetwise. It is illegal to apply laws retroactively!

Bad law when you have a CEO like James Mwangi - whom as a shareholder I would want to stay on for as long as he wants. Good law if you are a Co-op shareholder.
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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MaichBlack
#96 Posted : Wednesday, July 27, 2016 9:25:43 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
streetwise wrote:
The counting starts after the law is enacted which may mean the guy will have another 10 year, after all it is his bank

Tell them @streetwise. It is illegal to apply laws retroactively!

Bad law when you have a CEO like James Mwangi - whom as a shareholder I would want to stay on for as long as he wants. Good law if you are a Co-op shareholder.
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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Impunity
#97 Posted : Wednesday, July 27, 2016 9:48:53 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.


In case of @James Mwangi, will the new law apply retroactively?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ebenyo
#98 Posted : Wednesday, July 27, 2016 10:38:25 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
James Mwangi recently signed a ten year contract extension.The law will not affect him.His successor is the one who will be affected by the change.
Towards the goal of financial freedom
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Othelo
#99 Posted : Wednesday, July 27, 2016 10:41:48 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Impunity wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.


In case of @James Mwangi, will the new law apply retroactively?

Why the focus and concentration on JM, while there are many crooked CEOs out there cc. @Kingdom
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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mkate_nusu
#100 Posted : Wednesday, July 27, 2016 10:49:24 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Othelo wrote:
Impunity wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.


In case of @James Mwangi, will the new law apply retroactively?

Why the focus and concentration on JM, while there are many crooked CEOs out there cc. @Kingdom


In JM we trust. We the shareholders will vote to extend his term if Opus Dei tries to intefere with a competent management. The likes of JM are not manufactured every 10 yrs.
Co-op shareholders and the rest can however breathe a sigh of relief
KEGN, KPLC, KQ, SCOM
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