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Equity Bank Q3 2016
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watesh
#1 Posted : Wednesday, November 02, 2016 9:25:01 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya

Q3 results Thursday morning
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  | | Edit by moderator: Monday, October 30, 2017 3:58 PM | Reason: 2016
murchr
#2 Posted : Thursday, November 03, 2016 7:27:46 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
EQT has a tendancy of lying about their livestream...bure kabisa
"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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obiero
#3 Posted : Thursday, November 03, 2016 7:33:21 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
murchr wrote:
EQT has a tendancy of lying about their livestream...bure kabisa

The results will be the best ever

KQ ABP 4.26
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KulaRaha
#4 Posted : Thursday, November 03, 2016 9:12:38 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Q12017 is going to be a rude shock for everyone.
Business opportunities are like buses,there's always another one coming
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watesh
#5 Posted : Thursday, November 03, 2016 9:20:37 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Biggest joke i heard on the livestream, Equitel will overtake Mpesa in two years in terms of volume. In one quarter (Q2) Equitel moves 140bn while Safaricom 807bn, still A LOOOONG WAY TO GO
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muganda
#6 Posted : Thursday, November 03, 2016 9:40:03 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Trend maintained from HY. Profit before/after tax up 18%.
Many stories but the secret came down to cost income ratio in Q3 now at 49.2% down from 53%
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  | | Edit by user: Thursday, November 03, 2016 9:42 AM | Reason: Not specified
Shak
#7 Posted : Thursday, November 03, 2016 10:12:22 AM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
watesh wrote:
Biggest joke i heard on the livestream, Equitel will overtake Mpesa in two years in terms of volume. In one quarter (Q2) Equitel moves 140bn while Safaricom 807bn, still A LOOOONG WAY TO GO

I love their determination. It is possible. Let them aim high
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TheGeek
#8 Posted : Thursday, November 03, 2016 10:44:27 AM
Rank: Member

Joined: 7/3/2014
Posts: 245
watesh wrote:
Biggest joke i heard on the livestream, Equitel will overtake Mpesa in two years in terms of volume. In one quarter (Q2) Equitel moves 140bn while Safaricom 807bn, still A LOOOONG WAY TO GO



This is possible if if they manage the transaction eccosystem to keep the money inside equity. if you notice they released the EASSy API targeting merchants.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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watesh
#9 Posted : Thursday, November 03, 2016 11:15:35 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Shak wrote:
watesh wrote:
Biggest joke i heard on the livestream, Equitel will overtake Mpesa in two years in terms of volume. In one quarter (Q2) Equitel moves 140bn while Safaricom 807bn, still A LOOOONG WAY TO GO

I love their determination. It is possible. Let them aim high

It is possible to grow to that number but not realistic to overtake safaricom in such a short time, unless something catastrophic happens to mpesa. The growth of Equitel transaction numbers was through a large influx of customers into the platform. However, its already slowing down June +124k, July +92k, August +79k, September +59k. Mpesa monthly active customers average +250k a month.
Unless Equity's average transaction per user grows tremendously, there wont be any overtaking in two years.
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mlennyma
#10 Posted : Thursday, November 03, 2016 11:25:18 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
As everyone puts it let's wait for Q1 2017 to judge banks but Q4 will also send clearer signals
"Don't let the fear of losing be greater than the excitement of winning."
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