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Equity Bank Opening In DRC
VituVingiSana
#11 Posted : Wednesday, May 27, 2015 12:40:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
kawi254 wrote:
Isn't this the same mistake Equity made when getting into Uganda i.e buying a shell micro finance at a premium and would have been better off using the 6 billion starting from scratch.

1) UML was bought from shady characters who took their money and ran.
2) ProCredit has shareholders like DEG & IFC who are solid entities.
3) Equity must have learnt from Uganda & added claw-back provisions that mean Equity gets refunds for bad debts, etc
4) Pro-credit is a German not Greek bank Applause Applause Applause

That said, Equity has to be careful in DRC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#12 Posted : Wednesday, May 27, 2015 3:53:14 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Cautionary Statement
Pesa Nane plans to be shilingi when he grows up.
mlennyma
#13 Posted : Wednesday, May 27, 2015 6:26:24 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
There was once a time when cautions served as rally catalysts,nowadays they appear like normal news even transcentury once issued a cautionary statement.
"Don't let the fear of losing be greater than the excitement of winning."
watesh
#14 Posted : Wednesday, May 27, 2015 6:31:18 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Pesa Nane wrote:
Cautionary Statement

Never seen the CEO that excited when making the announcement....so am still piling up. If it crumbles too bad
dunkang
#15 Posted : Thursday, May 28, 2015 3:57:12 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Social, political and economic stability of some of African nationas are areas that Mr. Mwangi needs to carefully be checking before investing.

A population that has been in war for +10 years tend to have a "haki yetu" mentality which is not good for business. A general may just pop up and decide to nationalise all companies.
Receive with simplicity everything that happens to you.” ― Rashi

watesh
#16 Posted : Thursday, May 28, 2015 6:46:02 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
dunkang wrote:
Social, political and economic stability of some of African nationas are areas that Mr. Mwangi needs to carefully be checking before investing.

A population that has been in war for +10 years tend to have a "haki yetu" mentality which is not good for business. A general may just pop up and decide to nationalise all companies.

18 banks are already operating in the country, watch a documentary and you get to see things are picking up. It more like wazungus think alshabaab are bombing all over kenya yet its majorly some parts. The general part is scary though hahaha
young farmer
#17 Posted : Thursday, May 28, 2015 7:41:10 AM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
dunkang wrote:
Social, political and economic stability of some of African nationas are areas that Mr. Mwangi needs to carefully be checking before investing.

A population that has been in war for +10 years tend to have a "haki yetu" mentality which is not good for business. A general may just pop up and decide to nationalise all companies.


Mzungu can see untapped wealth in DRC all the way from Germany, but "Muafrika" see war.
watesh
#18 Posted : Friday, May 29, 2015 9:35:13 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
young farmer wrote:
dunkang wrote:
Social, political and economic stability of some of African nationas are areas that Mr. Mwangi needs to carefully be checking before investing.

A population that has been in war for +10 years tend to have a "haki yetu" mentality which is not good for business. A general may just pop up and decide to nationalise all companies.


Mzungu can see untapped wealth in DRC all the way from Germany, but "Muafrika" see war.

Applause Applause Applause Applause umesema ukweli
mnandii
#19 Posted : Saturday, May 30, 2015 10:25:52 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
watesh wrote:
young farmer wrote:
dunkang wrote:
Social, political and economic stability of some of African nationas are areas that Mr. Mwangi needs to carefully be checking before investing.

A population that has been in war for +10 years tend to have a "haki yetu" mentality which is not good for business. A general may just pop up and decide to nationalise all companies.


Mzungu can see untapped wealth in DRC all the way from Germany, but "Muafrika" see war.

Applause Applause Applause Applause umesema ukweli


Shame on you

@dunkang's sentiment needs to be taken seriously. You need to ask yourself why the mzungu is leaving now in the first place. Diversification is good at times. But diversification for the sake of it shows that we don't know what we are doing.

Unfortunately for many wazuans in these counters they have fallen in love with the stocks they own! They therefore lack objectivity in assessing the risks and opportunities inherent in the stocks.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
VituVingiSana
#20 Posted : Saturday, May 30, 2015 7:59:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mnandii wrote:
watesh wrote:
young farmer wrote:
dunkang wrote:
Social, political and economic stability of some of African nationas are areas that Mr. Mwangi needs to carefully be checking before investing.

A population that has been in war for +10 years tend to have a "haki yetu" mentality which is not good for business. A general may just pop up and decide to nationalise all companies.


Mzungu can see untapped wealth in DRC all the way from Germany, but "Muafrika" see war.

Applause Applause Applause Applause umesema ukweli


Shame on you

@dunkang's sentiment needs to be taken seriously. You need to ask yourself why the mzungu is leaving now in the first place. Diversification is good at times. But diversification for the sake of it shows that we don't know what we are doing.

Unfortunately for many wazuans in these counters they have fallen in love with the stocks they own! They therefore lack objectivity in assessing the risks and opportunities inherent in the stocks.


I fell in love with KQ at one time. I ignored the signs and warnings. Finally, I sold out.
I fell in love with KK at one time. I ignored the signs and warnings. I am still in but at a HUGE opportunity cost.

Never fall in love with a stock/firm you do not have control of. Ask yourself, do you implicitly trust the management?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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