What am I learning from subjectively selected data which is an outlier

You make a generic statement about an industry and then selectively pick data for 3 and ignore data for 7 to prove what exactly??

Equity is now an extremely well oiled machine. It is not dependent on James Mwangi. He is no longer involved in day to day running and is basically the vision carrier.

1. Role Evolution. In November 2024, Dr. James Mwangi stated he has moved from a daily "manager" role to an investor role, operating within a non-operating investment company to identify opportunities for shareholder funds. His role is now focused on high-level regional expansion, strategy, and sustainability rather than day-to-day branch operations. And of course he does not work alone on this!

2. Decentralized Operations. While James Mwangi remains the Group CEO, Equity Bank’s commercial business is now conducted through distinct subsidiaries with their own boards and leadership (such as Moses Nyabanda at Equity Bank Kenya).

3. Governance and Nominations Committee - This committee overseen by the board, is in charge of formal succession planning framework, focusing on nurturing internal talent and grooming next-generation leaders. The plan addresses both board-level and senior management turnover to ensure continuity.

Key Aspects of Equity Bank's Succession Planning:

Board Charter Focus: The Group Board Charter dictates the structured approach to talent identification, board development, and evaluation, ensuring smooth transitions in senior leadership.

Internal Talent Development: The bank utilizes mentorship programs, rotational assignments, and talent identification initiatives to build a sustainable leadership pipeline.

Nurturing Future Leaders: The bank focuses on identifying high-performing employees for "shadow positioning" to train for future roles.

Culture Maintenance: To mitigate the reliance on its charismatic leadership, Equity focuses on embedding its core values and culture deeply within staff, sometimes through "culture ambassadors".

External Focus: While nurturing internally, the group also utilizes external recruitment to bring in new skills as needed for strategic growth. 

Timing is very hard.
Sometimes, just buy if the price is "fair"... and wait.
And diversify to an extent.

I am going to use Equity though one can use others to make the same point.

Equity is 67/- with EPS of 19 and DPS of 5.75
PER 3.5
Gross DY 8.5% ; Net 8%

There are many risks including the Middle East's indirect effects and direct issues in DRC and upcoming elections in KE.

Once things calm down, as they usually do, things could start looking good.

I expect Equity will try to pay a higher DPS YOY. I think JM saw what the lower DPS did to the price and confidence UNLESS it was signaled in good time.

Looking ahead 10 years, without cray shocks, I think Equity will either become of the largest African banks to rival SA banks OR will be taken over.

Equity might choose to invest in growth. It can use cash or shares just as NedBank is using its shares as currency. If cash, it can signal a lower dividend by telling us why. I suspect Equity will look to acquire a bank in resource rich countries like Zambia, Angola and Ethiopia.

OR

Just as Nedbank picked NCBA for exposure to EAC where it is not.
Perhaps we may find a Chinese, Indian or SA bank looking for exposure to EAC does the same with Equity.

Post #655

And @VVS gave a very nice analysis and then someone thinks it is try and error.

This is what we call a track record @Obiero. People like @VVS and @Stocksmaster et. al give detailed analysis, facts, data etc. (not "watch and learn" accompanied by nothing datawise/ fundamentalwise) and after you see what happens 6 months, 1 year or whatever period it tracks the analysis and information shared earlier. Then they do it again and again!!! How do you argue with that?? Respect where respect is due. They have earned it!!!

@Obiero you still don't get it nor understand me despite me explaining to you over and over.

For one, when it comes to investing, I am cold as ice. No emotions. I want to see numbers, fundamentals, projections, trends etc. Not emotions, wait and see, watch and learn, speak in code bla bla bla!! Facts, figures, stuff we can discuss!!

I don't panic neither do I get ober excited. Even now I am just stating facts. It is not excitement! I am not selling. The same way I told you months ago I was not panicking because of price drops! I was not sellng!! Fundamentals excite me though. That's solid!!

When you were busy panicking because prices were dropping while fundamentals were solid obviously because of the America - Iran war, I was in buy mode and I told you as much! I advised you to do the same but you argued.

When thing turn around as I told you they would months ago, you turn around and start talking about luck, bull market making people think bla bla bla...