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EQUITY H1 RESULTS 2010
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mukiha
#31 Posted : Wednesday, July 21, 2010 2:18:13 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
qw25041985 wrote:
Let me calculate the target price when they release their full year results.Remember : target price = Current stock price *{current p/e /forward p/e}

lets first calculate forward p/e : 3.010396b (Profit and Loss after Tax and Exceptional Items) x 2 = 6.020b / 3.702777b = 1.626 eps pers share

so 23.75 / 1.626 = 14.606 Full Year Forward p/e


thus target price will be by subsituting the values in our formula :


23.75 / 1.626 = 14.606 Implied Full Year Forward

23.75 * {20.833 /14.606} = Ksh 33.00

so in essence if you bought htis stock at Ksh 15.00 when it was staggnating at that price you'll just have to wait till end year if you want to double your principal invested.So your target price for end year is Ksh 33.00

@qw; this assumes that the counter will maintain a p/e of 20.8 after FY results. That's quite optimistic, don't you think?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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yekeyeke
#32 Posted : Wednesday, July 21, 2010 2:34:11 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
Now M-Kesho is opening 20,000 accounts a day!!!!!!!!!!!!!!


The introduction of the revolutionary account, M-KESHO in May - where users of the Safaricom money transfer service can transfer funds directly into their Equity Bank account - has seen them register 400,000 accounts with an average of 20,000 accounts opened per day.

http://capitalfm.co.ke/b...-Kenya-Equity-Bank.html
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selah
#33 Posted : Thursday, August 26, 2010 1:58:05 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Equity investment bank limited record a reduced loss.

Daily Nation pg 33

Why hide the result? The way it is published......they were definately hiding the results.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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youcan'tstopusnow
#34 Posted : Thursday, August 26, 2010 2:09:50 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Equity gets 8 million dollar loans from BlueOrchard Finance www.microcapital.org/ken...ary-blueorchard-finance/
GOD BLESS YOUR LIFE
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selah
#35 Posted : Thursday, August 26, 2010 2:18:16 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@ycs
Is that the same dick morris of ODM advertising his book?
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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youcan'tstopusnow
#36 Posted : Thursday, August 26, 2010 2:28:06 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
selah wrote:
@ycs
Is that the same dick morris of ODM advertising his book?

No idea. How much loss did Equity make? I don't think they are trying to hide anything. The real losses are in Uganda, and they show no signs of easing
GOD BLESS YOUR LIFE
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selah
#37 Posted : Thursday, August 26, 2010 2:41:51 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Quote:
How much loss did Equity make?


2009=(16,479,479)
2010=(10,002,860)

But the way it is published in the daily nation, it leaves no doubt they were hiding it.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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qw25041985
#38 Posted : Monday, February 28, 2011 6:47:26 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
qw25041985 wrote:
Let me calculate the target price when they release their full year results.Remember : target price = Current stock price *{current p/e /forward p/e}

lets first calculate forward p/e : 3.010396b (Profit and Loss after Tax and Exceptional Items) x 2 = 6.020b / 3.702777b = 1.626 eps pers share

so 23.75 / 1.626 = 14.606 Full Year Forward p/e


thus target price will be by subsituting the values in our formula :


23.75 / 1.626 = 14.606 Implied Full Year Forward

23.75 * {20.833 /14.606} = Ksh 33.00

so in essence if you bought htis stock at Ksh 15.00 when it was staggnating at that price you'll just have to wait till end year if you want to double your principal invested.So your target price for end year is Ksh 33.00


HHAHAHAHA. i GUESS my calculations were on point ...Equity bank is trading at near 30.00's ..Mind you i calculated this price (full year 2010) using the H1 results ...
The power of mathematics...
Your future depends on your dreams so go to sleep !
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obiero
#39 Posted : Monday, February 28, 2011 8:13:21 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,228
Location: nairobi
Hii bank bandia itaumiza watu wengi kuliko Ngenye Kariuki ama Nyagah. Some sources claim they were about to release a PBT of around 8.4B but when they saw what had happened to BBK and KCB, they had to revise their results last minute!
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jerry
#40 Posted : Monday, February 28, 2011 10:47:13 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
@Obiero. When you compare with last yr, was there a delay in releasing the results? You may also look at H1 for consistency. Don't believe every rumour. Disclaimer:I've never thought of opening an acc with EB.
The opposite of courage is not cowardice, it's conformity.
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  | | Edit by user: Monday, February 28, 2011 10:58 PM | Reason: Not specified
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