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EQUITY BANK Q1 2011 ANTICIPATION
madebe
#31 Posted : Friday, April 29, 2011 12:19:02 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
did equity earnings surpass KC earnings?
Equity 2.5 b kcb 1.7 b? and is even coop catching up on kcb?
Cde Monomotapa
#32 Posted : Friday, April 29, 2011 12:48:15 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Wah! Nimekubali. Terrific results..the efficiency of this bank is exemplary! The more reason I am sticking to KCB who are earnestly solving previous in-efficiencies. This strategy is reffered to us as "buying weakness" - thereafter it is a strength to strength affair. This race is not for the swift!!
ngapat
#33 Posted : Friday, April 29, 2011 12:59:48 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
what..!! and the share price just stagnates as if nothing happened!!
NKT
“Invest in yourself. Your career is the engine of your wealth.”
youcan'tstopusnow
#34 Posted : Friday, April 29, 2011 1:31:34 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
Wah! Nimekubali. Terrific results..the efficiency of this bank is exemplary!

The genius that is JM! M.O.O should study at this guys feet. Cde, I would recommend both. Equity already has what you are looking for in KCB: Efficiency! And it will continue growing over the years. Over 6 million customers. Cde, why overlook it?
GOD BLESS YOUR LIFE
youcan'tstopusnow
#35 Posted : Friday, April 29, 2011 1:34:46 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwanahisa, will Equity be at the top of the perch for the 1st quarter results or do you expect Barclays and Standard Chartered to grow over 50 percent and top the 3 billion PBT mark?
GOD BLESS YOUR LIFE
mwanahisa
#36 Posted : Friday, April 29, 2011 1:57:46 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
youcan'tstopusnow wrote:
mwanahisa, will Equity be at the top of the perch for the 1st quarter results or do you expect Barclays and Standard Chartered to grow over 50 percent and top the 3 billion PBT mark?


It's possible for BBK to pip Equity to 1st place in Q1 2011 PBT. BBK had a strong 4th Quarter in 2010 with PAT growing by about 30% relative to Q3 and 69.5% vis-a-vis Q1 2010. If they have maintained the momentum then BBK's PBT would indeed be above Equity. But I expected the same of KCB and it dissapointed. So this is by no means assured. NOTE - I ADJUSTED THE FIGURES FOR BBK TO TAKE THE SALE OF CUSTODIAL BUSINESS INTO ACCOUNT.

As for SCBK, it will be a cold day in y'know where for them to ever be ahead of Equity again in the profitability stakes. They would have to sell their recently acquired Custodial business or...
Cde Monomotapa
#37 Posted : Friday, April 29, 2011 1:58:11 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@YCSUN..."Buying Weakness" is the strategy I have come to adopt..ID companies with internal challenges which are within their control and have a solid plan of how to solve them.the rider is that their service/product MUST have sufficient continous demand in the market. For example, KCB still attracts business i.e growing depo.s, loans, fee/commish.so it fits in well into my strategy & gaurantees me that I will reap my gains. Furthermore, at my stage/age in life I am more interested in increasing my net-worth organically 1st, then the returns later. So when KCB & KGN or whatever stagnates for a yr+ I am actually very happy at that smile "At the bottom..the only way is up"
the deal
#38 Posted : Friday, April 29, 2011 2:40:32 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
As long as inflation remains double digit...its a Sellers market esp from the retail side.
erifloss
#39 Posted : Friday, April 29, 2011 3:05:36 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
erifloss wrote:

32% growth is a good performance. Q2 is when we'll know the Chief executive paid his worth. With equity i'm 50-50 on their expected performance as they held a substantial amount of repo bills and i'm hoping that some were disposed before the interest rate hikes as we had enough time to be ready for the hikes when fuel prices shot up & kes weakened.

JM is brilliant. As i thought this guy seemed to have disposed off the govt securities in time, looking at the figures securities held for dealing in Dec-10 was at 26.8B & the figure now stands at 13.1B. 44% rise in non interest income speaks volumes.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
hisah
#40 Posted : Friday, April 29, 2011 3:47:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
ngapat wrote:
what..!! and the share price just stagnates as if nothing happened!!
NKT


This will be the year when most stocks especially bank stocks will behave as stated in this post - http://www.wazua.co.ke/f...spx?g=posts&t=11912


Their results were brilliant last year and the market has tanked. I expected Q1 to show the same brilliant results to emphasize the tanking analogy. I know it won't make sense at all, but that is market psychology. Mr Market never has and never will be logical. The bull always runs away unnoticed and the bear always shows up unnoticed!

Coop has just announced brilliant Q1 results, the stock price jumps and days later it is back to where it came from...

This will be the likely trend that the bank stocks will follow. However, KCB might remain bullish after breaking the 24/- 3yr resistance even if they perform poorly or brilliantly than their peers!?

update - forgot to mention the inflation rate story and its double digit bull strength...


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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