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Law Capping interest rates
Rank: New-farer Joined: 3/12/2014 Posts: 96
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obiero wrote:Impunity wrote:watesh wrote:KulaRaha wrote:Equity announces all loans got to 14.5% including Equitel.
So, who was recommending we buy this stock? So Equitel loans will be 1.2%. That is almost free money. Unless they introduce a fee, that cash cow is gone At 1.2% pm for Equitel-loan, that will be free money. Imagine borrowing 10,000 shillings and pay Kes. 120 as interest? I hope I am dreaming.  There is no link to the Equitel rumor.. Treat it as a hoax meant to fatigue the price of Equity stock no hoax, Dr. mwangi amesema https://www.youtube.com/watch?v=JaTtTmLpc9k
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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penkon wrote:obiero wrote:Impunity wrote:watesh wrote:KulaRaha wrote:Equity announces all loans got to 14.5% including Equitel.
So, who was recommending we buy this stock? So Equitel loans will be 1.2%. That is almost free money. Unless they introduce a fee, that cash cow is gone At 1.2% pm for Equitel-loan, that will be free money. Imagine borrowing 10,000 shillings and pay Kes. 120 as interest? I hope I am dreaming. There is no link to the Equitel rumor.. Treat it as a hoax meant to fatigue the price of Equity stock no hoax, Dr. mwangi amesema https://www.youtube.com/watch?v=JaTtTmLpc9k
Its real, even his Head of Retail has tweeted: Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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penkon wrote:obiero wrote:Impunity wrote:watesh wrote:KulaRaha wrote:Equity announces all loans got to 14.5% including Equitel.
So, who was recommending we buy this stock? So Equitel loans will be 1.2%. That is almost free money. Unless they introduce a fee, that cash cow is gone At 1.2% pm for Equitel-loan, that will be free money. Imagine borrowing 10,000 shillings and pay Kes. 120 as interest? I hope I am dreaming. There is no link to the Equitel rumor.. Treat it as a hoax meant to fatigue the price of Equity stock no hoax, Dr. mwangi amesema https://www.youtube.com/watch?v=JaTtTmLpc9k
actually he has clarified everything including the use of straight line instead of reducing balance. you cant hide and charge 14.5 straight line because 'the law is very clear'. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 10/1/2009 Posts: 2,436
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Further squeezing if bank margins http://www.standardmedia...y-mulls-second-eurobond
But treasury should be very excited they will be free- they can borrow as much as they want without being accused of driving up rates/ crowding out private lending
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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I have a theory on the twists and turns regarding this bill. The bank chiefs and KBA had a gentleman's understanding on how to react if the bill were to be signed.
But co-op bank broke from the herd and announced immediate compliance on new loans. Then stanbic pushed it further by extending the application to existing loans.
Then CBA went crazy to 12.9%.
Each of these guys had a secret card. Co-op had adopted 14.5% flat rate for micro credit loans, and they were insisting credit cards and mobile loans are not affected by the new law. CBA were counting on mshwari to continue earning crazy interest rates.
JM got fed up and decided to spoil the party for everyone.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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FRM2011 wrote:I have a theory on the twists and turns regarding this bill. The bank chiefs and KBA had a gentleman's understanding on how to react if the bill were to be signed.
But co-op bank broke from the herd and announced immediate compliance on new loans. Then stanbic pushed it further by extending the application to existing loans.
Then CBA went crazy to 12.9%.
Each of these guys had a secret card. Co-op had adopted 14.5% flat rate for micro credit loans, and they were insisting credit cards and mobile loans are not affected by the new law. CBA were counting on mshwari to continue earning crazy interest rates.
JM got fed up and decided to spoil the party for everyone. Suicide.. Self inflicted harm. Now that all banks shall have the same rate, speed and customer service in genera shall be key
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/20/2007 Posts: 767
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penkon wrote:obiero wrote:Impunity wrote:watesh wrote:KulaRaha wrote:Equity announces all loans got to 14.5% including Equitel.
So, who was recommending we buy this stock? So Equitel loans will be 1.2%. That is almost free money. Unless they introduce a fee, that cash cow is gone At 1.2% pm for Equitel-loan, that will be free money. Imagine borrowing 10,000 shillings and pay Kes. 120 as interest? I hope I am dreaming. There is no link to the Equitel rumor.. Treat it as a hoax meant to fatigue the price of Equity stock no hoax, Dr. mwangi amesema https://www.youtube.com/watch?v=JaTtTmLpc9k
This Mwangi is a genius. This is the leadership we require in this country. Now, we wait for that 50% cut in EPS for FY16, then doubling in eps in FY17. He has hedged in all his competitors and left them gasping for oxygen . A new wave of tier 3 banks folding is about to beginning. As he says, Equity has the agility and capacity to lend at 14.5%. Any bank setting up road blocks to borrowing at 14.5% will experience instant flight of deposits. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place! Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law! 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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Rank: Member Joined: 2/20/2007 Posts: 767
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I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 2/20/2007 Posts: 767
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MaichBlack wrote:This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place!
Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law! A few weak banks folding is very welcome. We need to weed out those weaklings that survive on my blood and sweat rather than on their innovations and capital. I doubt our mpigs will repeal this one any time soon. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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tom_boy wrote:I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month. There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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MaichBlack wrote:This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place!
Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law! This law is here to stay. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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tom_boy wrote:MaichBlack wrote:This might be genius!!! The sooner all banks get squeezed, the sooner things stop working (credit squeeze, doing away with mobile based loans etc.) and the sooner this communist law gets repealed - of course that will be after election given that the decision was political in the first place!
Two or so banks might collapse in the mean time and that will be one of the reasons cited for repealing the law! A few weak banks folding is very welcome. We need to weed out those weaklings that survive on my blood and sweat rather than on their innovations and capital. I doubt our mpigs will repeal this one any time soon. Spot on punda amecheka
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Shouldn't safaricom price also take a haircut if they will adjust their rates downwards The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Why would anyone take mshwari loan7.5% when he can get 1.2% next door? punda amecheka
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Spikes wrote:tom_boy wrote:I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month. There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku. chicken getting home to roost finally? is it green monster n celltell ollover again. but this tym it so clouded. foggy indeed ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 2/20/2007 Posts: 767
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muandiwambeu wrote:Spikes wrote:tom_boy wrote:I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month. There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku. chicken getting home to roost finally? is it green monster n celltell ollover again. but this tym it so clouded. foggy indeed They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Member Joined: 2/20/2007 Posts: 767
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muandiwambeu wrote:Spikes wrote:tom_boy wrote:I am loving this drama. There will be a stampede to acquire equitel lines starting tomorrow. Soon, all mshwari loans will migrate to equitel loans. Ha ha, Mwangi ameshika Bob na Awouri manyege sasa. Those who doubted Mwangi's insistence on having his own mobile platform can now eat dust. I wonder if CBA - Safcon can match Mwangi's offer seeing that they have to split profits. Also, expect some smart guy to go to court and challenge the CBA decision to loan mshwari at 7.5% per month. There is nothing like JM being genius. CBA will also respond with the same Mshwari rates rivaling Equitel. Equity has opened floodgates of price wars on mobile money. This is good for Wanjiku. chicken getting home to roost finally? is it green monster n celltell ollover again. but this tym it so clouded. foggy indeed @Spikes, not so fast. Remember, Mwangi could not do business with Safcon due to high Safcon charges imposed on the bank customers. I believe Safcon somehow takes a chunk of the 7.5% that CBA charges for Mshwari. If they are to march Mwangi, it means CBA will take less of the interest spread but still have to pay the full interest on deposits. That will be a really bitter pill for CBA. They may be better off quitting the whole mobile loan business. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Read my posts on this forum about Safcom..Tech companies who can't innovate and instead milk their clientele always end up with unforeseeable competition. its been repeated so many times worldwide I find it surprising that kenyan "analysts" have no clue. Equitel shall win this game. With safcom money maker being the shylock industry, I want to see those "analysts" who insist that it shall be a buy for the next 5 years. By the way as all this was going on, Equity is now the bank of choice for those doing online business. They just set up the first direct transfers to their accounts. I know every geek in Kenya now has an equity account. Next is those guys who will learn next week that they are paying 200% more with msuruari than equitel. Thieves are not good people. Tumeelewana?
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