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Equity - a politically risky stock time to sell
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sheep
#111 Posted : Tuesday, July 20, 2010 10:56:43 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
The "promising" growth potential of this stock has already been factored in the price.

If you looked at the P/Es of kenyan companies in 2006 you would laugh yourself silly...every growth story apart from ARM was proved a money pit
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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youcan'tstopusnow
#112 Posted : Tuesday, July 20, 2010 10:58:43 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Pre-tax profit up 46 percent to 3.88 billion
GOD BLESS YOUR LIFE
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Evolve
#113 Posted : Tuesday, July 20, 2010 11:01:06 AM
Rank: Member

Joined: 9/25/2007
Posts: 96
@cnn where did you get those figures from? PAT of Kshs 3.8bn is 90% of 2009 full year PAT. If your numbers are correct, this would qualify it to be a pyramid scheme. Something is just not adding up.
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the deal
#114 Posted : Tuesday, July 20, 2010 11:08:29 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
Pre-tax profit up 46 percent to 3.88 billion


OK but not exceptional..Dr James Mwangi once talked of 50% last month..
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cnn
#115 Posted : Tuesday, July 20, 2010 11:25:06 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@Evolve,my initial source got it wrong and they have rectified the same to PBT of 3.8B. Still from the NSE website,PAT is 3.01B vs 2.097,that is up 43.5%
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obiero
#116 Posted : Tuesday, July 20, 2010 11:30:57 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank

KQ ABP 4.26
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mv_ufanisi
#117 Posted: : Tuesday, July 20, 2010 11:43:46 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
obiero wrote:
@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank


@obiero - it makes sense to be skeptical in the NSE. Blind faith can lead to ruin. Choose your stocks carefully and do your own research. If it doesn't pass the test, don't touch it.
I personally don't know 100% that Equity is "clean" but I think it is given that it has stood the test of time. Plus I look at the people who do business with them who should know better than me like Helios Capital.
There's obviously no stock that is 100% sure hence the importance of diversifying your holdings.
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mukiha
#118 Posted : Tuesday, July 20, 2010 11:58:43 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Let's start a new thread to discuss the results....
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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youcan'tstopusnow
#119 Posted : Tuesday, July 20, 2010 2:24:24 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
obiero wrote:
@ youcantstopusnow nothing personal. i js don have faith in the mgt. ever since i heard Dr Mwangi was the brain behind the failed Trust Bank

obiero, kweli. He was also involved with the failed Eurobank. But personally I think times have changed, and it is nearly imposibble for a bank as big as Equity to fail. But I do agree that James is not exactly 'Mr. Clean'
GOD BLESS YOUR LIFE
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yekeyeke
#120 Posted : Tuesday, July 20, 2010 2:48:07 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
This Obiero person doesnt get it. Does he have a succesful prosecution showing that JM was ever convicted for the failure of whatever muhindi bank that failed during the moi error?

Did the CBK apointed liquidator ever indite JM? Kama you have the evedence give it to us otherwise shot op.

These are the type of people we should call enemies of civilisation. You cant just wake up one day and state that because sos and so worked for so and so, then they are also responsible for this and that.

Was JM a director, chairman or significant shareholder of the bank that Obiero is talking about?

Remember according to the Kenyan companies act, companies are run during AGMs. If you are non of the above, then you cant have any pull during these meetings. (If you havent read this act, pls do so and do so fast).

Ama ni siasa ya domo????? After having lost two by-elections labda mnatafuta bendera ya kufuta uso?
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  | | Edit by user: Tuesday, July 20, 2010 2:51 PM | Reason: Not specified
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