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Equity Bank Power
Realtreaty
#21 Posted : Thursday, March 22, 2018 2:27:09 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
The rate capping brought down the prices and those who entered when it came down to between 17-24 are now real rich fellows if they bought at least 20,000 (20000*20 =400,000) and can now sell @ (50*20000 =1,000,000) raking in 600,0000 cool chums!!!

We who trembled are licking our noses!!!
I remember someone saying it was time to buy as Warren buffet did.
mlennyma
#22 Posted : Thursday, March 22, 2018 3:04:09 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,734
Location: nairobi
Realtreaty wrote:
The rate capping brought down the prices and those who entered when it came down to between 17-24 are now real rich fellows if they bought at least 20,000 (20000*20 =400,000) and can now sell @ (50*20000 =1,000,000) raking in 600,0000 cool chums!!!

We who trembled are licking our noses!!!
I remember someone saying it was time to buy as Warren buffet did.

the nse is a place of making serious money but the reverse is also true.
"Don't let the fear of losing be greater than the excitement of winning."
Realtreaty
#23 Posted : Thursday, March 22, 2018 5:07:58 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
sparkly
#24 Posted : Thursday, March 22, 2018 7:49:19 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,027
Location: Enk are Nyirobi
Realtreaty wrote:
The rate capping brought down the prices and those who entered when it came down to between 17-24 are now real rich fellows if they bought at least 20,000 (20000*20 =400,000) and can now sell @ (50*20000 =1,000,000) raking in 600,0000 cool chums!!!

We who trembled are licking our noses!!!
I remember someone saying it was time to buy as Warren buffet did.


Equity didn't drop to 17-24 during rate cap!
Life is short. Live passionately.
lochaz-index
#25 Posted : Thursday, March 22, 2018 8:54:48 PM
Rank: Member


Joined: 9/18/2014
Posts: 805
VituVingiSana wrote:
Horton wrote:
VituVingiSana wrote:
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile


You like digressing 😁😁

Shame on you Shame on you Shame on you Check the thread(s) above... @lochaz, @pesanane, @ericsson were going on and on about NIC

Granted the Equity numbers are much larger but 770mn is 20.5% down yoy which is not insignificant on the back of a flattish TNPL. The only explanation I can piece together is that there was a huge loan that was fully written off in FY 2016 hence not recurring in FY 2017. Then there is a ~196mn difference in the SLR which I can't decipher whether it is a write off or a write back. If it's the former the LLP difference bulges to 966mn.
The main purpose of the stock market is to make fools of as many people as possible.
VituVingiSana
#26 Posted : Thursday, March 22, 2018 9:34:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,293
Location: Nairobi
lochaz-index wrote:
VituVingiSana wrote:
Horton wrote:
VituVingiSana wrote:
NIC
The LLP (Group) under the P&L (Expenses) is down 770mn Y-O-Y.
The Net LLP (Group) under the BS is down 88mn [negligible]

BUT back to Equity... smile


You like digressing 😁😁

Shame on you Shame on you Shame on you Check the thread(s) above... @lochaz, @pesanane, @ericsson were going on and on about NIC

Granted the Equity numbers are much larger but 770mn is 20.5% down yoy which is not insignificant on the back of a flattish TNPL. The only explanation I can piece together is that there was a huge loan that was fully written off in FY 2016 hence not recurring in FY 2017. Then there is a ~196mn difference in the SLR which I can't decipher whether it is a write off or a write back. If it's the former the LLP difference bulges to 966mn.

NIC took huge NPLs 3 years ago [when the current CEO and CFO were appointed] and perhaps those benefits are coming though. I prefer prudence i.e. take as much of a hit as possible so when things get cleared up there are no disappointments.

I will use KK as an example: Provide for the debt KPRL owes KK. If KPRL does pay the money in 5 years, that's a nice write-back.

Equity: It took the hit on SS early on. JM spoke about it. Since then Equity has made a profit in SS. The goal was to salvage what Equity could from the SS business BUT prudently provide for what might not be salvageable. Now Equity/KCB/Coop uses "hyperinflationary" accounting.

IFRS 9 in a sense is about prudence i.e. take the hit (provision) for POTENTIAL bad debts upfront when making loans. If a loan is paid back, reverse the provision. It the loan(ee) defaults, then there a provision that can be utilized.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Realtreaty
#27 Posted : Friday, March 23, 2018 10:37:20 AM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
smile
Could Equity bank be scaling up to build an Equity Tower as a pillar of growth.

This could be true with Tower having a Luxury Hotel rooms, modern offices and parking spaces.
a 50 floor tower could be on a design mode with location identified but under raps.

The design will not take time like the Britam tower

JM is a well known man world over and make concrete agreements and will only let it be known when all shareholders make agreement to financing and project commencement and commissioning time.

Equity was propped from East African Building Society (EABS)

The new technology to build Towers (Dubai and china adopted) could be used to finish the project in under 3 yrs.
Realtreaty
#28 Posted : Thursday, March 29, 2018 9:12:52 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
More power. touches 54 and still going strong.Drool Drool
VituVingiSana
#29 Posted : Friday, April 13, 2018 10:26:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,293
Location: Nairobi
https://www.businessdail...1798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#30 Posted : Wednesday, April 18, 2018 9:01:22 AM
Rank: Elder


Joined: 9/23/2009
Posts: 6,027
Location: Enk are Nyirobi
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.
Life is short. Live passionately.
watesh
#31 Posted : Wednesday, April 18, 2018 9:54:37 AM
Rank: Member


Joined: 8/10/2014
Posts: 669
Location: Kenya
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching
Ericsson
#32 Posted : Wednesday, April 18, 2018 1:50:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit
sparkly
#33 Posted : Wednesday, April 18, 2018 3:08:23 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,027
Location: Enk are Nyirobi
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.
Life is short. Live passionately.
Ericsson
#34 Posted : Wednesday, April 18, 2018 4:13:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.



Market conditions not that strong to have a smash of 56
VituVingiSana
#35 Posted : Monday, April 23, 2018 11:49:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,293
Location: Nairobi
I sold (most) of my Equity at 53 for a private/personal/unlisted investment BUT seeing it at 48.50 makes me wonder if I should have held onto the cash!

I haven't been following the market much of late but there are trades/supply at 48.50

I have been thinking about what Warren Buffett writes/explains/teaches and his lessons hit the mark.
Buffett: "When it's raining gold, put out the bucket not the thimble."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#36 Posted : Monday, April 23, 2018 5:33:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,376
Location: nairobi
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.



Market conditions not that strong to have a smash of 56

Did you really mean to write 'market conditions not that strong' or rather 'market conditions weak'?
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Ericsson
#37 Posted : Monday, April 23, 2018 6:16:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
obiero wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.



Market conditions not that strong to have a smash of 56

Did you really mean to write 'market conditions not that strong' or rather 'market conditions weak'?

Market conditions weak
VituVingiSana
#38 Posted : Thursday, May 10, 2018 4:27:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,293
Location: Nairobi
17th May 2018 ... First off the block. Looking good!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#39 Posted : Thursday, May 10, 2018 4:44:54 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,166
Location: Nairobi
VituVingiSana wrote:
17th May 2018 ... First off the block. Looking good!


Q1?
I own shares in KCB,CYTONN, BRK.B
Pesa Nane
#40 Posted : Thursday, May 10, 2018 5:10:14 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,736
Location: 08c
Horton wrote:
VituVingiSana wrote:
17th May 2018 ... First off the block. Looking good!


Q1?

If it's Q1..... CFC Stanbic released Q1 results on 03 May 2018. And the number were superb! PBT of Ksh. 2.8Bn
Pesa Nane plans to be shilingi when he grows up.
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