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Equity Bank FY 2016 results

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lochaz-index		#11 Posted : Wednesday, March 15, 2017 10:37:21 AM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		muganda wrote: Loan loss provisions up X2.73 times Gross non-performing loans up X2 times #EquityFY2016Results I could be mistaken but the NSE may have delayed market open to 10am to cater for the James Mwangi and co. show Good call by Equity on the LLP's. So far, it has the highest spike @173%,BBK and Stanbic are @ ~100% whereas Kcb posted a 62% increase. Chances are that good results now for most banks will end up being bad results at the end of the current year and vice versa. The main purpose of the stock market is to make fools of as many people as possible.
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bird_man		#12 Posted : Wednesday, March 15, 2017 10:49:44 AM
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi		muganda wrote: Book closure & payout date? Anyone? Formally employed people often live their employers' dream & forget about their own.
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mlennyma		#13 Posted : Wednesday, March 15, 2017 11:27:23 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		bird_man wrote: muganda wrote: Book closure & payout date? Anyone? reality should strike in Q1 "Don't let the fear of losing be greater than the excitement of winning."
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Spikes		#14 Posted : Wednesday, March 15, 2017 11:58:19 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		mlennyma wrote: bird_man wrote: muganda wrote: Book closure & payout date? Anyone? reality should strike in Q1 A time this stock will be moving closer to10/- John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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maka		#15 Posted : Wednesday, March 15, 2017 12:28:41 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Spikes wrote: mlennyma wrote: bird_man wrote: muganda wrote: Book closure & payout date? Anyone? reality should strike in Q1 A time this stock will be moving closer to10/- Never ever... possunt quia posse videntur
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Ericsson		#16 Posted : Wednesday, March 15, 2017 1:09:17 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Equity Bank Earnings Fall for First Time in a Decade, Bad Loans Up 100% The Group’s Non Performing Loans (NPLs) doubled from the previous year’s Ksh 9.0 Billion to Ksh 18 Billion while NPLs from its Kenyan Business more than doubled to Ksh 15 Billion from 2015’s Ksh 6.8 Billion. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#17 Posted : Wednesday, March 15, 2017 1:14:24 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Ericsson wrote: Equity Bank Earnings Fall for First Time in a Decade, Bad Loans Up 100% The Group’s Non Performing Loans (NPLs) doubled from the previous year’s Ksh 9.0 Billion to Ksh 18 Billion while NPLs from its Kenyan Business more than doubled to Ksh 15 Billion from 2015’s Ksh 6.8 Billion. Kenyans are in shit and unable to repay loans...uhuruto tena "Don't let the fear of losing be greater than the excitement of winning."
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Angelica _ann		#18 Posted : Wednesday, March 15, 2017 1:31:09 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		mlennyma wrote: Ericsson wrote: Equity Bank Earnings Fall for First Time in a Decade, Bad Loans Up 100% The Group’s Non Performing Loans (NPLs) doubled from the previous year’s Ksh 9.0 Billion to Ksh 18 Billion while NPLs from its Kenyan Business more than doubled to Ksh 15 Billion from 2015’s Ksh 6.8 Billion. Kenyans are in shit and unable to repay loans...uhuruto tena When you say, you are told the sky is not falling. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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wukan		#19 Posted : Wednesday, March 15, 2017 1:31:28 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		maka wrote: Spikes wrote: mlennyma wrote: bird_man wrote: muganda wrote: Book closure & payout date? Anyone? reality should strike in Q1 A time this stock will be moving closer to10/- Never ever... Even with EPS down more than 50% QtoQ
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mlennyma		#20 Posted : Wednesday, March 15, 2017 1:36:35 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Angelica _ann wrote: mlennyma wrote: Ericsson wrote: Equity Bank Earnings Fall for First Time in a Decade, Bad Loans Up 100% The Group’s Non Performing Loans (NPLs) doubled from the previous year’s Ksh 9.0 Billion to Ksh 18 Billion while NPLs from its Kenyan Business more than doubled to Ksh 15 Billion from 2015’s Ksh 6.8 Billion. Kenyans are in shit and unable to repay loans...uhuruto tena When you say, you are told the sky is not falling. Lessons will be learned the hard way when the business collapsing stage comes,right now kibakis solid foundation is yet to be completely depleted "Don't let the fear of losing be greater than the excitement of winning."
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