Ericsson wrote:obiero wrote:VituVingiSana wrote:Angelica _ann wrote:obiero wrote:Ericsson wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q1 2020, PBT figures in KES B:
KCB 9.2
EQTY 7.8
COOP 5.2
I&M 3.6
NCBA 3.3
SCBK 3.1
ABSA 3.0
DTB 2.8
STANB 1.9
HFCK -0.034
Equity, SCBK and Stanbic fairing worse off than the others.. HF should be bought out, preferably by COOP
Coop has decided to grow locally instead of regional
Often, it is better to practice trade in known territory.. Expansion can be rewarding but has its own risks. I wish COOP well
Initial experience in SS was nasty, i support local expansion and deepening.
Limited and competitive market. The region has many risks but there's more opportunity. It takes guts, money and patience.
Nationalism in the other states doesn't help. Remember the green one took 11 years to break even in TZ. 11 YEARS!
Tell them,Equity,NIC and CBA in Tanzania are still in loss making territory
It takes guts, money and patience.
1) Is Equity losing money in TZ? Please tell me what Equity has lost in TZ in 2017, 2018 and 2019. Not every year can be profitable but good firms make up for bad years. I await your answer.
2) Is Equity losing money in UG? Please tell me what Equity has lost in UG in 2017, 2018 and 2019. I await your answer.
3) Is Equity losing money in RW? Please tell me what Equity has lost in RW in 2017, 2018 and 2019. I await your answer.
4) DTB has been in UG and TZ for many, many years and is generally profitable. Patience and guts.
5) I&M is also (overall) profitable in TZ, RW and Mauritius. Patience and guts.
KCB doesn't have the benefits of GoK favoring it in TZ. No special treatment. In the markets where KCB doesn't have the implicit and explicit support of GoK, Equity is kicking KCB to the kerb.
NIC has performed poorly compared to its peers in Kenya. I used to be a fan but I admit I was overly optimistic vs peers like I&M, DTB and even CBA.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett