When are Equity results being released?

The "inside information" we have been receiving here has been very outside!!!

I want to buy before the release. If they declare a dividend of kshs. 4/= to 5/= it is bye bye discount prices.

On this, patience might become a vice. If Equity announce a dividend of 5/= or thereabout, it is back to 40s and above.

The fact that they have taken forever to announce their FY results points to one thing; the news won't be anything to write home about.

5/= dividend is a tad over the top, not forgetting that a couple of years ago they announced a modest dividend before promptly cancelling it.

I recall with nostalgia when Equity used to be always the first to announce their FY results. Those were the days when Equity was the leader in the banking sector.

Correct.
In 2007, their best set of accounts ever, where they gave a bonus of 2 for every 1 share held, FY2006 results were released on February 13th 2007!
Where is Kibaki?

Remember KCB results were also very good. However, when it came to declaring a decent dividend, that is where they drew the line.

Anyway we shall know the reality in the course of this week but am not sanguine.

Guys, I know Equity Bank has been a market darling but the delay in the release of results has me VERY worried. In their 3rd quarter results, Equity also had a staggering loss of 45 BILLION KSHS in FAIR VALUE CHANGES IN FVOCI assets. This was on investment securities held with a value of Kshs 352 Billion. It looks like they invested big time in govt securities when rates were low. I doubt whether they would have been able to unwind these positions before year-end. If so, then we should even brace ourselves for an actual loss on their P&L, because the PBT in September was 44.2 B, i.e. lower than the mark to market losses on their bond positions! This was pretty scary.

SHORT TERM
If you bought SAFARICOM at 16.50 last week on Thursday, you should consider selling at 19 and wait to get back in at 15-16 levels.
You would be a fool to stare at a 15% gain in 1 week while SITTING ON YOUR HANDS!

My exact sentiments.

Hopefully a two weeks delay, after other banks have released their results, does not imply that Equity has deployed some cooks in their kitchen.

To each, their own. As for me, 10% in 6 days IS EXTREMELY ATTRACTIVE!
As for the direction of the stock, the trend is downwards, has been since November 2021 when for the first time in a decade, they reported reduced profits. Of course, at some point, the trend will reverse, hopefully in May, if the profitability improves when they release FY2022-2023. Until then, what we have now is a retracement.
The order book(offboard bids and offers) also points to a downward trend.

I remember this. Was this huge investment in GOK securities unique to equity? What about KCB , Coop ?