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Equity Bank Results FY2010
FUNKY
#41 Posted : Monday, February 28, 2011 12:12:12 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Wondering why the price has not SHOT UP at all....
guru267
#42 Posted : Monday, February 28, 2011 12:14:20 PM
Rank: Elder

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


When looking at a growth firm, I'm more interested in capital growth as compared to dividends...looking at the assets and performance above, Equity is doing a lot more with less for it to even be comparable to KCB.


Looks at KCB's three year plan on cost to income and ROA..

If they manage to bring these to industry average Equity will have nothing on them..
Mark 12:29
Deuteronomy 4:16
ecstacy
#43 Posted : Monday, February 28, 2011 12:24:13 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
guru267 wrote:
ecstacy wrote:


When looking at a growth firm, I'm more interested in capital growth as compared to dividends...looking at the assets and performance above, Equity is doing a lot more with less for it to even be comparable to KCB.


Looks at KCB's three year plan on cost to income and ROA..

If they manage to bring these to industry average Equity will have nothing on them..


KCB is one usually playing catch up unfortunately...not good for me when I'm also looking at innovation as a factor for growth.
erifloss
#44 Posted : Monday, February 28, 2011 12:31:15 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Evolve wrote:
The dividend yield is about 50% that for KCB. KCB should be the counter that should hit the roof tops.

Shame on you What do you mean by 50%. I thought that at an average price of 23.50 the div yield is around 5.3%.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
jerry
#45 Posted : Monday, February 28, 2011 12:36:38 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Thinking of RoA and and KCB, should they rent out part of their premises and use less space as they serve customers faster. EB owns few premises that they operate in I think.
The opposite of courage is not cowardice, it's conformity.
ernesto
#46 Posted : Monday, February 28, 2011 12:38:33 PM
Rank: New-farer

Joined: 9/8/2010
Posts: 14
Location: Nairobi
maybe when m-kesho and agency banking services are completely integrated with the curent services the profits will even go further up, same for share prices...Pray
innairobi
#47 Posted : Monday, February 28, 2011 1:22:24 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
EB is miles ahead of KCB in innovation and its speed of responding to the market. However EB is also more vulnerable to the political risks surrounding the 2012 elections than KCB is. But James Mwangi is street-wise and he will probably massage egos if that is what it will take to keep his bank running with no interference post-2012.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
youcan'tstopusnow
#48 Posted : Monday, February 28, 2011 1:48:52 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
If you claim to be a Buffett fan, you know which one to buy! The undervalued one. We all know which one that is
GOD BLESS YOUR LIFE
mlennyma
#49 Posted : Monday, February 28, 2011 2:03:46 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
What roof were pple talking about here?its a week to slaughter this share.
"Don't let the fear of losing be greater than the excitement of winning."
erifloss
#50 Posted : Monday, February 28, 2011 2:09:56 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
FUNKY wrote:
Wondering why the price has not SHOT UP at all....

I hope that the statistics below will be of help. If you look at it carefully, you'll realise that most investors are looking more towards capital retention, higher div yield lower PE rather than the growth prospects as it is a belief that most banks will not be able to maintain the growth they posted the previous period. As one guy said, most investors are awaiting for Q1 results which will create a clear picture of what is really expected in this financial year.
KCB: Eps - 2.76,
Final Div(To be paid)-1.25,
First & Final Div-1.25,
MPS-23.50,
P/E-8.51,
Div Yield-5.32%,
Net Cash div yield for new investors-5.32%,
Payout ratio-45%,
Total Payout after bonus issue-1.25,
Final Payout ratio after Div & Bonus-5.32%, Growth since announcement-2.17%.
EQUITY:
Eps-1.93,
Final Div(To be paid)-0.80,
First & Final Div-0.80,
MPS-28.75, P/E-14.90,
Div Yield-2.78%,
Net Cash div yield for new investors-2.78%, Payout ratio-41%,
Total Payout after bonus issue-0.80,
Final Payout ratio after Div & Bonus-2.78%, Growth since announcement-0.00%.
BBK:
Eps-7.80,
Interim Div (Already paid)-0.75,
Final Div(To be paid)-4.70,
First & Final Div-5.45,
MPS-69.00,
P/E-8.85,
Div Yield-7.90%,
Net Cash div yield for new investors-6.81%, Payout ratio-70%,
Split 1:04,
Total Payout after bonus issue-5.45,
Final Payout ratio after Div & Bonus-7.90%,
Growth since announcement-10.40%.
NIC:
Eps-5.06,
Interim Div (Already paid)-0.25,
Final Div(To be paid)-0.25,
First & Final Div-0.50,
MPS-50.50,
P/E-9.98,
Div Yield-0.99%,
Net Cash div yield for new investors-0.50%, Payout ratio-10%,
Bonus Issue-1:10,
Total Payout after bonus issue-5.55,
Final Payout ratio after Div & Bonus-10.99%, Growth since announcement-(-1.94%)






'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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