wazua Tue, Mar 31, 2026
Welcome Guest Search | Active Topics | Log In

16 Pages«<910111213>»
Equity Bank HY 2011 results
Options
Previous Topic · Next Topic
mwekez@ji
#101 Posted : Tuesday, July 26, 2011 9:17:40 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
UG and SS made Sh510M in 1H 2011 http://www.businessdaily...0/-/2sr9sa/-/index.html


... and Equity Bank keeps going

Quote:
The bank is set to invest Sh1 billion and Sh1.5 billion to set up operations in Rwanda and Tanzania respectively, with plans to open 15 branches in the two markets by the end of September.
Back to top
  | | Edit by user: Tuesday, July 26, 2011 9:18 AM | Reason: Not specified
Iborian
#102 Posted : Tuesday, July 26, 2011 9:52:44 AM
Rank: Member

Joined: 4/17/2009
Posts: 194
the deal wrote:
Equity Bank became the first Kenyan Bank to announce its 1H 2011 earnings;


So what does that make my Housing Finance who announce last week. A piggy bankLaughing out loudly Laughing out loudly Laughing out loudly ?
Back to top
  |
VituVingiSana
#103 Posted : Tuesday, July 26, 2011 10:18:02 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Iborian wrote:
the deal wrote:
Equity Bank became the first Kenyan Bank to announce its 1H 2011 earnings;


So what does that make my Housing Finance who announce last week. A piggy bankLaughing out loudly Laughing out loudly Laughing out loudly ?

Is HFCK a 'bank'? [Forgive my ignorance on its license]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
selah
#104 Posted : Tuesday, July 26, 2011 1:35:14 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
VituVingiSana wrote:
Iborian wrote:
the deal wrote:
Equity Bank became the first Kenyan Bank to announce its 1H 2011 earnings;


So what does that make my Housing Finance who announce last week. A piggy bankLaughing out loudly Laughing out loudly Laughing out loudly ?

Is HFCK a 'bank'? [Forgive my ignorance on its license]


HFCK is not a bank....its a mortgage lender.Even CBK classifies it differently.
'......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
Back to top
  |
muganda
#105 Posted : Tuesday, July 26, 2011 2:20:55 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
kenyainvestor wrote:
selah wrote:
will this company dislodge safaricom as the most profitable company...I kind of believe it now..its possible.

selah, Safaricom had a Profit Before Tax of Kshs. 18.36 Billion. Equity will need at least 2 years to upstage them...


Safaricom HY 2010 net income was 7.63b with a 16.2% net income margin.
Safaricom second half of last year, 27% down, net income was 5.53b with a 11.6% net income margin

Aaah my brazen forecast:
Safaricom income for first-half HY2011 will struggle to match HY2010. Inflation has also almost doubled. In the rare circumstance it does, Safaricom will have made 5.53b after tax.

Equity came in strong with first-half 4.7b after tax. The margin is nary 800m yet the elephant is ailing. James Mwangi's EQTY-H2 will likely outperform Bob Collymore's SCOM-H1; and a new king of the hill reign soon afterwards.
Back to top
  | | Edit by user: Tuesday, July 26, 2011 2:23 PM | Reason: Not specified
kenyainvestor
#106 Posted : Tuesday, July 26, 2011 2:34:24 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
muganda wrote:
kenyainvestor wrote:
selah wrote:
will this company dislodge safaricom as the most profitable company...I kind of believe it now..its possible.

selah, Safaricom had a Profit Before Tax of Kshs. 18.36 Billion. Equity will need at least 2 years to upstage them...


Safaricom HY 2010 net income was 7.63b with a 16.2% net income margin.
Safaricom second half of last year, 27% down, net income was 5.53b with a 11.6% net income margin

Aaah my brazen forecast:
Safaricom income for first-half HY2011 will struggle to match HY2010. Inflation has also almost doubled. In the rare circumstance it does, Safaricom will have made 5.53b after tax.

Equity came in strong with first-half 4.7b after tax. The margin is nary 800m yet the elephant is ailing. James Mwangi's EQTY-H2 will likely outperform Bob Collymore's SCOM-H1; and a new king of the hill reign soon afterwards.



And so the transition begins...

I had earlier written a post on how KCB will turn out in 2 years IF they managed to bring their cost to income ratio below 50%

LINK: KENYA COMMERCIAL BANK: 2 YEARS DOWN THE LINE
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
FACEBOOK: Kenya Investing
TWITTER HANDLE: @kenyainvestor
Back to top
WWW
  |
selah
#107 Posted : Tuesday, July 26, 2011 3:05:49 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
muganda wrote:
kenyainvestor wrote:
selah wrote:
will this company dislodge safaricom as the most profitable company...I kind of believe it now..its possible.

selah, Safaricom had a Profit Before Tax of Kshs. 18.36 Billion. Equity will need at least 2 years to upstage them...


Safaricom HY 2010 net income was 7.63b with a 16.2% net income margin.
Safaricom second half of last year, 27% down, net income was 5.53b with a 11.6% net income margin

Aaah my brazen forecast:
Safaricom income for first-half HY2011 will struggle to match HY2010. Inflation has also almost doubled. In the rare circumstance it does, Safaricom will have made 5.53b after tax.

Equity came in strong with first-half 4.7b after tax. The margin is nary 800m yet the elephant is ailing. James Mwangi's EQTY-H2 will likely outperform Bob Collymore's SCOM-H1; and a new king of the hill reign soon afterwards.



I totally agree with you Equity will be the next King in a few months time.
'......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
Back to top
  |
Magnetic Touch
#108 Posted : Tuesday, July 26, 2011 5:04:14 PM
Rank: Member

Joined: 12/31/2008
Posts: 90
Which may then be overtaken by the lion once the lion wakes up from his slumber but that may not be until 2013. 2012 FY results will reflect this position is my take.
Back to top
  |
Genghis Khan
#109 Posted : Wednesday, July 27, 2011 11:40:09 AM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
selah wrote:
kenyainvestor wrote:
selah, Safaricom had a Profit Before Tax of Kshs. 18.36 Billion. Equity will need at least 2 years to upstage them...

And, if you so much admire the bank, why don't you have it in your portfolio? Just wondering...


The reason I dont have it in my portfolio is because Its risk exposure compared to my current investments is too high(its target market is too risky in my opinion)

I was observing this segment during the PEV aftermath and although Equity survived its peers in the segment wrote off a lot of bad debts and registered losses that made me wary of any bank that primarily targets this market.

My observation does not mainly look at election violence but also any considerable shock in the SME can really affect the performance of Equity.

My thought is that Financials will take the least beating when compared to Industrial / Services / Agricultural.

The impact to a financial is through the customer.

The rest suffer directly when property is damaged, logistics are impaired or market vanishes.

What do you hold?
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
Back to top
  |
Genghis Khan
#110 Posted : Wednesday, July 27, 2011 12:02:08 PM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
Jamani wrote:
However in my opinion it will not be that easy for Equity to march Safcom, the assumption of 2.5 to 3 years means that safcom will stagnate at the same levels or competition will eat into it, well what if one operator closes shop and this could also happen within the same period....

Equity is growing by expanding market (going regional and selling established products / services) AND by developing new products...

Far as I know, Safaricom can only come up with new products to sell to the existing market... very tough

2yrs is feasible... 3yrs max!

If one operator closes shop (most likely not airtel, maybe YU), Safcom market share goes from say 70% to 72.5%... so what?
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
Back to top
  | | Edit by user: Wednesday, July 27, 2011 12:09 PM | Reason: Not specified
16 Pages«<910111213>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.