Ericsson wrote:VituVingiSana wrote:Ericsson wrote:obiero wrote:The gap at the top is widening. Simba on the prowl
Told you after release of Q1 results when Equity bank was ahead that KCB will outpace them in subsequent quarters
Hare vs Tortoise?
Oigara wants to leave with a huge payday in 2-3 years.
JM ako pale until 2040
As Munger/Buffett said, this is a marathon not a sprint.
Good luck to all.
KCB Bank kenya makes more profits than the whole of Equity group.
100% Irrelevant. IRRELEVANT.
What you are buying are shares e.g 100 shares.
There's a price per share.
It's entirely irrelevant what the firm makes in profit vs what your share(s) makes aka EPS. The higher the growth in EPS the better for your shares.
Then there is the share price. There's Price/Earnings Ratio. And a Price/Book Ratio. The lower the PER and PB when you buy your shares then the better it is. The higher the expansion of the PER and PB of your shares in subsequent years is better for you.
Similar argument for dividends.
The share price in x (5,8,10, etc) years + dividends received (adjusted for inflation) - share price in Nov 2019 = Total Return per Share.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett