Wazua
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Equity Bank HY 2017
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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--PBT drops 7% to 13.3b --After Tax Profit drops by 7.4% to Sh 9.33 billion from Sh 10.07 billion in June 2016 --Net interest income down by 15.5% to Sh17.9 billion from Sh21.2 billion in the same period last year --Regional subsidiaries contribution to Profit Before Tax grew from 5% to 10% --Balance sheet now at Sh504bn. 14% growth http://equitybankgroup.c...mentasat30thjune2017.pdfWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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Ericsson wrote:--PBT drops 7% to 13.3b
--After Tax Profit drops by 7.4% to Sh 9.33 billion from Sh 10.07 billion in June 2016
--Net interest income down by 15.5% to Sh17.9 billion from Sh21.2 billion in the same period last year
--Regional subsidiaries contribution to Profit Before Tax grew from 5% to 10%
--Balance sheet now at Sh504bn. 14% growth Which was the most profitable subsidiary? I see opportunity here.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Results look good, better than Coop!!! JM knows his thing even during tough times..... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Angelica _ann wrote:Results look good, better than Coop!!! JM knows his thing even during tough times..... My thoughts too. Coop results were a tad disappointing and it looks like they have altogether missed their chance to overhaul Equity in the banking pecking order. That said, there is a massive spike in Equity's NPLs...almost threefold. Though still below the industry's average, if the trend maintains that trajectory it will be a big worry going forward. Also noted that in the post rate cap period, DTB's share price has performed the best and HF is the worst. Prudence being rewarded. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Angelica _ann wrote:Results look good, better than Coop!!! JM knows his thing even during tough times..... JM has tried but this was as expected http://www.winda.co.ke/forecast.php
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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lochaz-index wrote:Angelica _ann wrote:Results look good, better than Coop!!! JM knows his thing even during tough times..... My thoughts too. Coop results were a tad disappointing and it looks like they have altogether missed their chance to overhaul Equity in the banking pecking order. That said, there is a massive spike in Equity's NPLs...almost threefold. Though still below the industry's average, if the trend maintains that trajectory it will be a big worry going forward. Also noted that in the post rate cap period, DTB's share price has performed the best and HF is the worst. Prudence being rewarded. Coop results were commendable.They do not have many subsidiaries like Equity bank which provided a cushion to the slow down being experienced in Kenya. Co-op bread and butter is kenya and a little bit in South Sudan Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Ericsson wrote:lochaz-index wrote:Angelica _ann wrote:Results look good, better than Coop!!! JM knows his thing even during tough times..... My thoughts too. Coop results were a tad disappointing and it looks like they have altogether missed their chance to overhaul Equity in the banking pecking order. That said, there is a massive spike in Equity's NPLs...almost threefold. Though still below the industry's average, if the trend maintains that trajectory it will be a big worry going forward. Also noted that in the post rate cap period, DTB's share price has performed the best and HF is the worst. Prudence being rewarded. Coop results were commendable.They do not have many subsidiaries like Equity bank which provided a cushion to the slow down being experienced in Kenya. Co-op bread and butter is kenya and a little bit in South Sudan True. But what stops COOP from going to DRC, Uganda, Tanzania or Burundi
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Today Equity said they are not going to give unsecured loans. Link - Citizen news at 9 Life is short. Live passionately.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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VituVingiSana wrote:obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Yes. Please read the Project Safari circular
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Yes. Please read the Project Safari circular This KQ will come up with how many projects, Mawingu, now Safari, next .... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,509 Location: nairobi
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Angelica _ann wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Yes. Please read the Project Safari circular This KQ will come up with how many projects, Mawingu, now Safari, next .... Mbinguni 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Angelica _ann wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Yes. Please read the Project Safari circular This KQ will come up with how many projects, Mawingu, now Safari, next .... Mbinguni Maombi  Life is short. Live passionately.
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline they have not been flying well with airlines,recalling Jetlink episode
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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sparkly wrote:obiero wrote:Angelica _ann wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Yes. Please read the Project Safari circular This KQ will come up with how many projects, Mawingu, now Safari, next .... Mbinguni Maombi Project Maombi will come before Mbinguni In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:KulaRaha wrote:13% of the unsecured loan book is bad...until Kenyans learn to repay loans, the credit crunch will continue. True what James Mwangi gave was a sideshow. Things are thick at Equity bank with non-performing loans and shrinking loan book. kq sh.5.2bn RVR 1.7bn Transcentury 3bn Just a few examples of non-performing loans A queer situation indeed. Plus when given an option to cash out the KQ loan, Equity sees it fit to liquidate the national airline Huh? Did KQ offer to pay off the amount owed to Equity Bank? Can KQ also make the same offer to I&M and NIC? Yes. Please read the Project Safari circular Please guide me to the section. The payment [as I understand it was not in cash but in shares which is a poor substitute considering KQ isn't a profitable or cash-flowing firm, like KenolKobil, in the near term. Time value of money. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/17/2016 Posts: 225
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Equity to stop salary based loans/unsecured loans from next year. Mwangi is crazy. I hope he is not attributing this to rate cap http://www.businessdaily...67168-865wa3/index.html
Reflection Eternal
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