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Equity Bank FY 2018 net profit up 5%
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-opens-ninth-clinic-in-healthcare-expansion/4003102-5294954-13hmj6g/index.html Since inception how has this business performed?Has anyone seen the financial results? Finserve aka Equitel the trading results have never been made public Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ericsson wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-opens-ninth-clinic-in-healthcare-expansion/4003102-5294954-13hmj6g/index.html Since inception how has this business performed?Has anyone seen the financial results? Finserve aka Equitel the trading results have never been made public This could be a sort of CSR by Equity that allows it to remain in the public eye as well as allow it to test various financial products and services. "Equity Afia, which is under the Equity Group Foundation..." Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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https://www.youtube.com/...FWw&feature=youtu.beWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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littledove wrote: https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity "Some of the subsidiaries are in losses and, in aggregate, the four lenders reported a low return on equity of two percent in 2018, according to previous disclosures by Atlas Mara." https://www.businessdail...04274-kaa43n/index.html
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was. JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was. JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time. And their is a disclaimer that Equity bank may pay Atlas mara in future cash money if the businesses turn around Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was. JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time. And their is a disclaimer that Equity bank may pay Atlas mara in future cash money if the businesses turn around Yes. A good strategy. If the businesses/banks that Atlas Mara is selling are better than what Equity thinks they are then Atlas gets a payoff. If not then Equity doesn't have to pay anything more. I am OK, as a shareholder in Equity, to pay Atlas Mara for better performance/value after it is proven out. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was. JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time. Sounds like you are homies 😬
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Horton wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.htmlEquity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health. Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings. They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was. JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time. Sounds like you are homies 😬  I am a huge fan and have been one for years. He has a lot of skin in the game too. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Equity Bank FY 2018 net profit up 5%
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