@mv_ufanisi,
second post I'm making today from leakage in Wazua News Updates at the bottom of the page - quite useful


Mortgage financier, Housing Finance, has said no to a merger or buyout by Equity Bank, in a move that may put on hold what had been viewed as an attempt by the bank to take over the institution.

At an annual general meeting on Wednesday in Nairobi, the board of directors noted that it would rather look at collaboration with the company than a merger or buyout.

“We are looking at areas where we can collaborate with Equity Bank. As far as we are concerned, there is no deal for a merger or buyout,” newly appointed chairman, Mr Steve Mainda, told delegates.

HF rejects Equity Bank's takeover bid
Daily Nation - Apr 28 07:16

Equity can still make a takeover bid... coz then it goes to the shareholders...

Id rather go with Mr Omenge(Chairman HFCK) comment which i think was a bold move since both banks stand to benefit,but HFCK Is afraid it might loose its core functionality as a bank once they merge,so a collaboration between the two would work out,Equity benefits in morgage financing from HFCK and HFCK Benefits in Branch coverage with Equity....

this one looks very risky. If i was a shareholder, i would have taken my profits last friday.

Q1 numbers on the NSE website look depressing. PAT shrunk compared to same period last year.