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hisah		#81 Posted : Friday, March 17, 2017 5:52:12 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Ebenyo wrote: Ericsson wrote: hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. Hellios Investments sold their stake in gold (Equity Bank) to buy a telecommunications firm in KE (Telkom Kenya) That was not a good move for them So Helios sold their gold by mistake $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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heri		#82 Posted : Friday, March 17, 2017 5:55:21 PM
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi		hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. I get the message but what has changed to make Simba better. Equity has been more innovative and would think they would stay ahead?
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hisah		#83 Posted : Friday, March 17, 2017 6:19:51 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		heri wrote: hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. I get the message but what has changed to make Simba better. Equity has been more innovative and would think they would stay ahead? Equity should not have ditched the green elephant. That partnership if well nurtured would have been bearing lovely fruits by now. Simba has taken that partnership. Equity now finds itself facing two elephants! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann		#84 Posted : Friday, March 17, 2017 7:36:08 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		hisah wrote: heri wrote: hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. I get the message but what has changed to make Simba better. Equity has been more innovative and would think they would stay ahead? Equity should not have ditched the green elephant. That partnership if well nurtured would have been bearing lovely fruits by now. Simba has taken that partnership. Equity now finds itself facing two elephants! Ukichwa ngumu ya daktari ..... Ego 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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murchr		#85 Posted : Friday, March 17, 2017 7:54:38 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		hisah wrote: heri wrote: hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. I get the message but what has changed to make Simba better. Equity has been more innovative and would think they would stay ahead? Equity should not have ditched the green elephant. That partnership if well nurtured would have been bearing lovely fruits by now. Simba has taken that partnership. Equity now finds itself facing two elephants! Great insight! "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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VituVingiSana		#86 Posted : Friday, March 17, 2017 8:08:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,378 Location: Nairobi		hisah wrote: heri wrote: hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. I get the message but what has changed to make Simba better. Equity has been more innovative and would think they would stay ahead? Equity should not have ditched the green elephant. That partnership if well nurtured would have been bearing lovely fruits by now. Simba has taken that partnership. Equity now finds itself facing two elephants! Mwangi said [2 years ago] that the cost for using Safcom was too high. Only after Equity announced Equitel (or whatever they called it before) did the LCB-MPesa partnership start in earnest. Mwangi learnt his lesson and wanted control over screwing over his customers and not let others do so! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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MadDoc		#87 Posted : Friday, March 17, 2017 10:49:31 PM
Rank: Member Joined: 10/26/2015 Posts: 151		There's something I noticed on the financial statements of both companies. Kcb almost has double the amount of NPLs compared to member. However, it's provision is just about half that of Member. Could there be a sensible explanation for this or is KCB just underprovisioning? Since KCB has taken on more loans in 2016, aren't they more susceptible to defaults if the rate cap is removed? Lastly,with the recent efforts to weaken Safaricom'dominance, doesn't it rock its marriage with KCB?
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obiero		#88 Posted : Saturday, March 18, 2017 7:27:06 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi		MadDoc wrote: There's something I noticed on the financial statements of both companies. Kcb almost has double the amount of NPLs compared to member. However, it's provision is just about half that of Member. Could there be a sensible explanation for this or is KCB just underprovisioning? Since KCB has taken on more loans in 2016, aren't they more susceptible to defaults if the rate cap is removed? Lastly,with the recent efforts to weaken Safaricom'dominance, doesn't it rock its marriage with KCB? Provision is about grading the loans. Portfolio at risk. KCB could be having many grade 10 facilities due to healthy corporate lending while EQTY could be facing the music from a large non performing SME book COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana		#89 Posted : Saturday, March 18, 2017 11:04:31 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,378 Location: Nairobi		obiero wrote: MadDoc wrote: There's something I noticed on the financial statements of both companies. Kcb almost has double the amount of NPLs compared to member. However, it's provision is just about half that of Member. Could there be a sensible explanation for this or is KCB just underprovisioning? Since KCB has taken on more loans in 2016, aren't they more susceptible to defaults if the rate cap is removed? Lastly,with the recent efforts to weaken Safaricom'dominance, doesn't it rock its marriage with KCB? Provision is about grading the loans. Portfolio at risk. KCB could be having many grade 10 facilities due to healthy corporate lending while EQTY could be facing the music from a large non performing SME book Or KCB is cooking the books better than Equity. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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watesh		#90 Posted : Saturday, March 18, 2017 7:36:01 PM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		hisah wrote: heri wrote: hisah wrote: Someone sold their gold to buy a telecommunications firm in KE. That gold that was sold has reported first decline in profits in a decade! That gold is still in my golden handcuffs list! The market talks clearly, but few get the message In the next rotation cycle simba will outperform member unlike in the past decade. I get the message but what has changed to make Simba better. Equity has been more innovative and would think they would stay ahead? Equity should not have ditched the green elephant. That partnership if well nurtured would have been bearing lovely fruits by now. Simba has taken that partnership. Equity now finds itself facing two elephants! Yes yes yes...they should have kept the partnership. They would be like CBA right now. Mshwari was Equity's idea. Equitel is a great channel but it doesnt have the margins and numbers of mshwari.
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