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Equity - a politically risky stock time to sell
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VituVingiSana
#121 Posted : Tuesday, July 20, 2010 4:11:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
youcan'tstopusnow wrote:
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'
Huh? Trust Bank? When? Are you sure? Or you mean Trade Bank? Lakini I do not know the full story...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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callaspade
#122 Posted : Tuesday, July 20, 2010 5:26:24 PM
Rank: Veteran

Joined: 11/12/2009
Posts: 925
..it was trade bank(current integrity centre building),we used to to withdraw money at midnight from Visions discotheque...the bank was operating 24 hours in 1990 !!!!
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VituVingiSana
#123 Posted : Tuesday, July 20, 2010 5:46:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
callaspade wrote:
..it was trade bank(current integrity centre building),we used to to withdraw money at midnight from Visions discotheque...the bank was operating 24 hours in 1990 !!!!
I dont know what happened to Trade Bank. There were some articles from Alnoor Kassam in the papers who claimed biwott was behind the collapse/problems.

I have to say... Trade Bank & Diners Finance were the bomb! I was barely an adult at the time but I recall the accounts were like Equity Bank. They wanted your business unlike the other banks!

Who remembers those good-looking gals in the branded small cars [suzuki starlets or starlings?] zooming all over town?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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yekeyeke
#124 Posted : Tuesday, July 20, 2010 6:10:09 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
@Vitu

How many Kenyans had opened accounts in this trade bank? Of those Kenyans, who many were from the bottom of the pyramid?

If you cant answer, then dont compare this midnight withdrawal capable bank with Equity. Kwani which bank cant you withdraw your money from at night, with ATM technology which existed even then?.

And what sort of bank was this that had a branch in a heng joint? No wonder they went down.
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  | | Edit by user: Tuesday, July 20, 2010 6:12 PM | Reason: Not specified
VituVingiSana
#125 Posted : Tuesday, July 20, 2010 6:27:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@yekeyeke - Take a chill pill... LOL...

In 1990, ATMs were far & in between... actually, I do not remember an ATM back then... Anyway, I was a broke barely adult...

Lakini, I am curious... about the ATMs in 1990... Please tell me more... Which banks had them? I do not think most had ATMs in 1990... lakini I await your answer...

Considering how few Kenyans had bank accounts perhaps Trade Bank did OK. I do not know. Lakini, they had ZERO balance accounts back then!

If JM cut his teeth at Trade Bank, then at least some good came out of it!

Kwani, can you tell me for certain how many accounts at Equity are from the 'bottom of the pyramid'... Oh & what is the 'botp' in Kenya?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#126 Posted : Tuesday, July 20, 2010 6:32:49 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
yekeyeke wrote:
If you cant answer, then dont compare this midnight withdrawal capable bank with Equity. Kwani which bank cant you withdraw your money from at night, with ATM technology which existed even then?.


I think you misunderstood callaspade point. He meant the actual bank was open 24hrs not that they had ATMs.

BBI will solve it :)
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VituVingiSana
#127 Posted : Tuesday, July 20, 2010 6:35:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
2012 wrote:
yekeyeke wrote:
If you cant answer, then dont compare this midnight withdrawal capable bank with Equity. Kwani which bank cant you withdraw your money from at night, with ATM technology which existed even then?.

I think you misunderstood callaspade point. He meant the actual bank was open 24hrs not that they had ATMs.
Nevertheless, please let him tell us coz it seems he claims all Kenyan banks had ATMs in 1990. I really wanna know.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkonomtupu
#128 Posted : Tuesday, July 20, 2010 7:03:37 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
I have just seen the unaudited results for the half year 2010. They need to watch on the operating expenses otherwise the results look good
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youcan'tstopusnow
#129 Posted : Thursday, August 05, 2010 12:21:27 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I just had to pull this thread out. The risk that never was
GOD BLESS YOUR LIFE
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yekeyeke
#130 Posted : Thursday, August 05, 2010 12:31:30 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
As i had mentioned earlier, this thread was started makusudi kupiga equity bank. banki yetu.

Good ridance... Lets see how far the price will react upwards. Sofar today up to KEs 26 per share...
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