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obiero
#81 Posted : Saturday, September 22, 2018 11:26:41 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,507
Location: nairobi
Liv wrote:
Angelica _ann wrote:
maka wrote:
obiero wrote:
VituVingiSana wrote:
the deal wrote:
Ericsson wrote:
Equity bank investment in government securities increased by 37.45% to ksh. 158bn

https://www.businessdail...6500-qv6d6tz/index.html

Eish what if the Kenyan Government defaults on them? 😂😂😂😂

Then it doesn't matter who you have lent to. It's all downhill from there.

The Greek tragedy


If a default occurs it will be crazy....


GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively.


You are right Ann. Not only because of the strength of the economy, but because the debt in question here is in KES. There is no way a government can fail to pay a debt in its currency as it's fiscal policy can be changed or manipulated to raise funds to pay....in the worst situation the government can print it's currency and pay the debt off... though with consequences.

The Debt that can trouble a country is the Forex denominated debt. If Kenya doesn't have the dollar revenues to pay... it would be catastrophic to the KES and economy. That's what affected Greece and Turkey.

Did you just say print more money to solve the debt equation? And you are serious? Plus the Eurobond is in KES? Also the SGR debt is in KES?

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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maka
#82 Posted : Saturday, September 22, 2018 1:39:08 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
Liv wrote:
Angelica _ann wrote:
maka wrote:
obiero wrote:
VituVingiSana wrote:
the deal wrote:
Ericsson wrote:
Equity bank investment in government securities increased by 37.45% to ksh. 158bn

https://www.businessdail...6500-qv6d6tz/index.html

Eish what if the Kenyan Government defaults on them? 😂😂😂😂

Then it doesn't matter who you have lent to. It's all downhill from there.

The Greek tragedy


If a default occurs it will be crazy....


GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively.


You are right Ann. Not only because of the strength of the economy, but because the debt in question here is in KES. There is no way a government can fail to pay a debt in its currency as it's fiscal policy can be changed or manipulated to raise funds to pay....in the worst situation the government can print it's currency and pay the debt off... though with consequences.

The Debt that can trouble a country is the Forex denominated debt. If Kenya doesn't have the dollar revenues to pay... it would be catastrophic to the KES and economy. That's what affected Greece and Turkey.

Did you just say print more money to solve the debt equation? And you are serious? Plus the Eurobond is in KES? Also the SGR debt is in KES?


At times you fail to understand....Sad((

https://sokodirectory.co...lion-shillings-2018-19/

Have you been following the auctions since the start of the financial year? Treasury has missed the mark on all the auctions...unless they issue 2 and 5 year papers that same will continue to happen and the pressure on the short end tenors is crazy...
possunt quia posse videntur
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Ericsson
#83 Posted : Saturday, September 22, 2018 1:44:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Liv wrote:
Angelica _ann wrote:
maka wrote:
obiero wrote:
VituVingiSana wrote:
the deal wrote:
Ericsson wrote:
Equity bank investment in government securities increased by 37.45% to ksh. 158bn

https://www.businessdail...6500-qv6d6tz/index.html

Eish what if the Kenyan Government defaults on them? 😂😂😂😂

Then it doesn't matter who you have lent to. It's all downhill from there.

The Greek tragedy


If a default occurs it will be crazy....


GoK cant default, wont default. We are among the strongest economies in Sub Sahara Africa comparatively.


You are right Ann. Not only because of the strength of the economy, but because the debt in question here is in KES. There is no way a government can fail to pay a debt in its currency as it's fiscal policy can be changed or manipulated to raise funds to pay....in the worst situation the government can print it's currency and pay the debt off... though with consequences.

The Debt that can trouble a country is the Forex denominated debt. If Kenya doesn't have the dollar revenues to pay... it would be catastrophic to the KES and economy. That's what affected Greece and Turkey.

Did you just say print more money to solve the debt equation? And you are serious? Plus the Eurobond is in KES? Also the SGR debt is in KES?

Forgive them for they don't know
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#84 Posted : Saturday, September 22, 2018 1:59:32 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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VituVingiSana
#85 Posted : Saturday, September 22, 2018 9:25:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,101
Location: Nairobi
King James had Equity load up on GoK debt vs lending it out. He saw the mess and took action. EquityKE has 50%+ of its "lending" in GoK bonds.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#86 Posted : Saturday, September 22, 2018 10:00:07 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
VituVingiSana wrote:
King James had Equity load up on GoK debt vs lending it out. He saw the mess and took action. EquityKE has 50%+ of its "lending" in GoK bonds.


What's the apportionment between... AFS, Tradable and HTM...What happens if the rates turn? Offloading those things won't be that easy... Them and KCB hold crazy amounts of IFBs.
possunt quia posse videntur
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VituVingiSana
#87 Posted : Sunday, September 23, 2018 4:03:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,101
Location: Nairobi
maka wrote:
VituVingiSana wrote:
King James had Equity load up on GoK debt vs lending it out. He saw the mess and took action. EquityKE has 50%+ of its "lending" in GoK bonds.


What's the apportionment between... AFS, Tradable and HTM...What happens if the rates turn? Offloading those things won't be that easy... Them and KCB hold crazy amounts of IFBs.

I need to look at the 1H data but given it is 23rd Sep, I will wait for the 3Q results which will be released in October.

For all practical accounting purposes, there are only 2 portfolios i.e. AFS and HTM.
In the HTM, I am not bothered by anything held for less than 1 year.
In the AFS, the hit can be substantial and let's see what they have for 3Q.

Interest Rates - If you look at the past 5 T-Bond auctions the yields have held steady despite the shortfall in net acceptances vs the target.
It's a tough on but given the addiction to borrowing, I expect the KES to depreciate before the rates/yields increase given GoK wants lower rates. We are in uncharted territory.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#88 Posted : Sunday, September 23, 2018 6:29:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
maka wrote:
VituVingiSana wrote:
King James had Equity load up on GoK debt vs lending it out. He saw the mess and took action. EquityKE has 50%+ of its "lending" in GoK bonds.


What's the apportionment between... AFS, Tradable and HTM...What happens if the rates turn? Offloading those things won't be that easy... Them and KCB hold crazy amounts of IFBs.


KCB has been gradually reducing its holdings of IFB.
The banks which hold crazy amounts is Stanchart and Equity. For stanchart its more than loans and advances to customers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#89 Posted : Sunday, September 23, 2018 9:10:42 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
maka wrote:
VituVingiSana wrote:
King James had Equity load up on GoK debt vs lending it out. He saw the mess and took action. EquityKE has 50%+ of its "lending" in GoK bonds.


What's the apportionment between... AFS, Tradable and HTM...What happens if the rates turn? Offloading those things won't be that easy... Them and KCB hold crazy amounts of IFBs.


KCB has been gradually reducing its holdings of IFB.
The banks which hold crazy amounts is Stanchart and Equity. For stanchart its more than loans and advances to customers


Stanchart has always held high bond portfolio, over the years, compared to other banks.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index
#90 Posted : Tuesday, September 25, 2018 11:02:51 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
King James had Equity load up on GoK debt vs lending it out. He saw the mess and took action. EquityKE has 50%+ of its "lending" in GoK bonds.


What's the apportionment between... AFS, Tradable and HTM...What happens if the rates turn? Offloading those things won't be that easy... Them and KCB hold crazy amounts of IFBs.

I need to look at the 1H data but given it is 23rd Sep, I will wait for the 3Q results which will be released in October.

For all practical accounting purposes, there are only 2 portfolios i.e. AFS and HTM.
In the HTM, I am not bothered by anything held for less than 1 year.
In the AFS, the hit can be substantial and let's see what they have for 3Q.

Interest Rates - If you look at the past 5 T-Bond auctions the yields have held steady despite the shortfall in net acceptances vs the target.
It's a tough on but given the addiction to borrowing, I expect the KES to depreciate before the rates/yields increase given GoK wants lower rates. We are in uncharted territory.

Will be interesting to see how the banks play this one out.
The main purpose of the stock market is to make fools of as many people as possible.
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sparkly
#91 Posted : Tuesday, October 16, 2018 5:42:19 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.



Market conditions not that strong to have a smash of 56


I have a chance to re-enter in the mid-30s only six months after exiting at 54. I can't believe it.
Life is short. Live passionately.
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Angelica _ann
#92 Posted : Tuesday, October 16, 2018 6:31:28 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
sparkly wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.



Market conditions not that strong to have a smash of 56


I have a chance to re-enter in the mid-30s only six months after exiting at 54. I can't believe it.


Relax the prices will fall below 30bob, watch this space.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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 Report Abusive | Report SPAM | Edit by user: Tuesday, October 16, 2018 6:43 PM | Reason: Not specified
obiero
#93 Posted : Tuesday, October 16, 2018 6:56:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,507
Location: nairobi
Angelica _ann wrote:
sparkly wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
watesh wrote:
sparkly wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/capital/Equity-Bank-share-hits-38-month-high/4259442-4381798-2oxiyhz/index.html

Equity at the highest price [after accounting for bonuses and splits] it has ever been in 3 years...



Dear ***** the summary of your trades today is as follows. Call 0203638900 for queries EQT SELL Qty **** @ 54.00 KES;

Exited yesterday after a 60% gain.

Good timing now its at 52/53 and book closure is approaching


51 hit


Pull back was expected. 45 Will be tested before the 56 barrier can be smashed convincingly.



Market conditions not that strong to have a smash of 56


I have a chance to re-enter in the mid-30s only six months after exiting at 54. I can't believe it.


Relax the prices will fall below 30bob, watch this space.

Gai fafa

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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