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Equity Bank Results FY2010
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guru267
#21 Posted : Monday, February 28, 2011 10:34:38 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
invest0r wrote:

Any idea on when dtb will be announcing?


between now and wednesday...
Mark 12:29
Deuteronomy 4:16
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gathinga
#22 Posted : Monday, February 28, 2011 10:45:50 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
not impressive on the dividend front. market appears negative
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gmg
#23 Posted : Monday, February 28, 2011 10:46:03 AM
Rank: Member

Joined: 3/17/2009
Posts: 201
You cannot compare Equity with KCB reason their asset bases are quite different forexample Equity is able to make profits of 9 billion out of assets of 143 billion whereas KCB is able to make 9 billion out of assets of 256 billion. the basic calculations of EPS do not give a true and fair picture of the company. I WILL ALWAYS GO WITH BUFFET SAYING you dont need computers to calculate and know how good an investment is a good company sells itself just walk to equity and see the number of customers and compare this with the KCB and you will know where to invest your shilling.
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miser
#24 Posted : Monday, February 28, 2011 10:50:53 AM
Rank: Member

Joined: 7/7/2008
Posts: 124
No it will never hit the roof because BBK today is a bob down!And as I always maintain,this is not a normal market!
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MaichBlack
#25 Posted : Monday, February 28, 2011 10:53:19 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,846
guru267 wrote:
mapengo wrote:
dividend is double what was announced in 2009. they have increased their profits two fold 71% increase while their asset base increase by only 30% from 100B to 143B this is a new definition of efficiency.


The dividend is CRAP!!! I dont see how the share price can go up under these conditions...

@vvs can tell you a thing or two about dividend payment.

Guess which two companies don't pay dividends. Microsoft and Berkshire Hathaway

Intereseting reads:

Should Microsoft and Berkshire Hathaway pay dividends?

Reasons for retaining earnings - Warren Buffet

And by the way, if a company make tonnes of money and pays you a very small dividend or nothing at all you can always resort to homemade dividend.
Click here for a definition.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Monday, February 28, 2011 11:09 AM | Reason: Not specified
guru267
#26 Posted : Monday, February 28, 2011 10:53:20 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
gmg wrote:
You cannot compare Equity with KCB reason their asset bases are quite different forexample Equity is able to make profits of 9 billion out of assets of 143 billion whereas KCB is able to make 9 billion out of assets of 256 billion. the basic calculations of EPS do not give a true and fair picture of the company.


@gmg thank you for this because now you know that if KCB lowers there cost to income ratio and other inefficiencies then they would be able to make 16BILLION PROFIT BEFORE TAX as soon as 2012
Mark 12:29
Deuteronomy 4:16
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Kaffir
#27 Posted : Monday, February 28, 2011 10:56:04 AM
Rank: Member

Joined: 5/8/2008
Posts: 77
As a long-ish term investor (2 - 3 years), i would also put my money on KCB. It still has more room for growth, driven on two fronts: Inherent business growth, and cost cutting measures. And, it seems to have laid the ground work to make gains on both fronts. Most of its peers have growth prospects limited primarily to inherent business growth.
But, you need patience. Waiting for it to 'explode' is like watching a snail run the NBO marathon..
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guru267
#28 Posted : Monday, February 28, 2011 10:57:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
MaichBlack wrote:

@vvs can tell you a thing or two about dividend payment.

Guess which two companies don't pay dividends. Microsoft and Berkshire Hathaway


@maichblack the two companies you have mentioned always give bonus issues...

There is no excuse for returning CRAP to shareholders..

Giving a 1:1 bonus would have cost equity less than the crap 80cents they have just given
Mark 12:29
Deuteronomy 4:16
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Genghis Khan
#29 Posted : Monday, February 28, 2011 11:00:56 AM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
guru267 wrote:
gmg wrote:
You cannot compare Equity with KCB reason their asset bases are quite different forexample Equity is able to make profits of 9 billion out of assets of 143 billion whereas KCB is able to make 9 billion out of assets of 256 billion. the basic calculations of EPS do not give a true and fair picture of the company.


@gmg thank you for this because now you know that if KCB lowers there cost to income ratio and other inefficiencies then they would be able to make 16BILLION PROFIT BEFORE TAX as soon as 2012


I think what you mean to say is that KCB would be making 16B if it's ROA was as good as EQBs... but its not... what analysis makes that a good deal?d'oh!
"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
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  | | Edit by user: Monday, February 28, 2011 11:02 AM | Reason: Not specified
guru267
#30 Posted : Monday, February 28, 2011 11:03:07 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Genghis Khan wrote:
guru267 wrote:
gmg wrote:
You cannot compare Equity with KCB reason their asset bases are quite different forexample Equity is able to make profits of 9 billion out of assets of 143 billion whereas KCB is able to make 9 billion out of assets of 256 billion. the basic calculations of EPS do not give a true and fair picture of the company.


@gmg thank you for this because now you know that if KCB lowers there cost to income ratio and other inefficiencies then they would be able to make 16BILLION PROFIT BEFORE TAX as soon as 2012


I think what you mean to say is that KCB would be making 16B if it's ROA was as good as EQBs.


EXACTLY... One of their 3 year plans is to get their ROA, cost to income to the industry average.
Mark 12:29
Deuteronomy 4:16
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