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Banks...catch them if you can in 2010.
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the deal
#1 Posted : Thursday, May 06, 2010 6:03:39 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
2010 is the year for banks at the NSE,there is one thing i like about this burgers...they can perform year in and out unlike agrics who track the wheather...we all know how hard is to predict mother nature...
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youcan'tstopusnow
#2 Posted : Thursday, May 06, 2010 6:22:36 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I totally agree, especially Equity Bank and NIC which both posted 43% increases in profit for the first quarter. Stanchart also looks like its going to be a good bet.
GOD BLESS YOUR LIFE
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slykat
#3 Posted : Thursday, May 06, 2010 6:30:55 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
Watch this space; the newly opened avenue for banks to use 3rd parties will see banking taken to every marketplace in the country! Bad news for Mpesa and for the Equity model?
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youcan'tstopusnow
#4 Posted : Thursday, May 06, 2010 7:22:05 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
slykat, if anything I think Equity is the bank best placed to benefit from allowing the directive to allow banks to use 3rd parties.
Equity is also linking up Mpesa with its banking system. This is going to be HUGE business for them.
GOD BLESS YOUR LIFE
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VituVingiSana
#5 Posted : Thursday, May 06, 2010 7:28:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Equity will probably take/use this system by storm! They are already using the agency-type model in UK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#6 Posted : Thursday, May 06, 2010 7:45:12 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Quick one guys...we all know that property prices in Kenya are ridiculously high...and many of us expect a dubai type correction, what impact would that have on the HFs and S&Ls here....i wonder...
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sparkly
#7 Posted : Thursday, May 06, 2010 8:19:45 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
I totally agree, especially Equity Bank and NIC which both posted 43% increases in profit for the first quarter. Stanchart also looks like its going to be a good bet.

and i agree to your agreement. I would bet my money on NIC... controlled, firmly grounded,ambitious, adaptive and very kenyan.
Life is short. Live passionately.
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the deal
#8 Posted : Thursday, May 06, 2010 8:22:57 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ horton hfck posted a 121% PAT in 2009 Q1 and in 2010 50%..the supernormal growth is flattening out...time to sell themselves to equity...LOL.
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VituVingiSana
#9 Posted : Friday, May 07, 2010 5:24:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@the deal - Sometimes the best deal is one you did not make!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#10 Posted : Friday, May 07, 2010 7:50:36 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hey guys has Nic ventured outside Kenya...i mean regional expansion...
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