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Equity - a politically risky stock time to sell
PKoli
#71 Posted : Thursday, July 15, 2010 2:44:28 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Equity will certainly continue on its profitability path, although I think the market reaction to its M-Kesho announcement was too optimistic. I would like to see concrete numbers coming in before I make a strategic decision.
VituVingiSana
#72 Posted : Thursday, July 15, 2010 8:05:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Equity Bank is a phenomenon... Share price aside.. the performance/profits have been awesome!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
yekeyeke
#73 Posted : Thursday, July 15, 2010 1:00:21 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
When an investor waits to see the results and these are announced, the share price will zoom to new hights and will be out of reach. If you believe it in, buy now..
cnn
#74 Posted : Thursday, July 15, 2010 1:44:05 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
The swelling demand could be an indicator JM is about to drop the half year numbers.Without any cash i am like a rabbit in the headlights.
wa P
#75 Posted : Thursday, July 15, 2010 6:20:08 PM
Rank: Member

Joined: 5/26/2009
Posts: 326
Location: Nairobi
I find that @yekekeye defense on Equity childish and lame. Are you JM's kin?

Equity is too much smoke. No one can quantify the fire yet. When you look at profitability, please consider:
1. The bank still masquerade as a microfinance institution, and receive grants from donors. Is that usually accounted as profit?
2. Mkesho is benefiting safaricom more than equity. The stock to consider in light of mkesho is safaricom.
3. @yekkeye do you hold an account with equity? Its achille's heel shall be the poor, obstinate customer service. I am/ was amember (now dormant)i know what am talking about.
4. Try doing business with equity. You'll be amazed at the level of indiscretion and concentration of decision making at one person. Ending up with mundane solutions. Again, talking from experience.
5. Look at Equity's top management 2 yrs ago, last year and this year. Constant changes. Either the bank does not know how to recruit, or working there makes one an instant millionaire and after 1 year people retire. Is that a stable bank?
6. @yekekeyee believes what CEO says, what newspapers say. Too gullible for Wazua. WeWE NDIO BURE KABISA
yekeyeke
#76 Posted : Thursday, July 15, 2010 7:16:33 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
Wa P.

Does the P stand for Pumbavu? Kweli ni Pumbavu. Kwani you dont fart if i like JM? Shida yako ni nini? Kama you dont like Equity close your account. Why leave it domant? So that you can go back to using it later?

And you seem to have a problem with the poor. Who form 70% of our population. Kama ni hivio wewe enda ufungue account kwingine. Leave the 8K Kenyans to open accounts bila your vile. They do not need it. If you can afford to pay 1K in bank charges per month others cant.

And since they smell on the lines, wewe go and join the rich ones wasikunukie.

Equity for ever...!!!!



youcan'tstopusnow
#77 Posted : Thursday, July 15, 2010 9:04:11 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
P, what do you mean by Equity is too much smoke? Brilliant results and growth since its listing na bado hauamini? It has been said before and we will not tire of saying it: Majority of kenyans are poor. Maskini hohe! hahe! Mafukara! Have you ever asked yourself why the majority of them bank by Equity. Pure chance? I don't think so. Plus banking the poor is BOOMING BUSINESS. These guys have won accolades all over the world. JM sits on distuingished boards such as The Bill and Melinda Gates Foundation. He also shared an award with the Pakistani Nobel Laureate Mohammed Yunus. So he must be doing something right. Plus your assumption that Safaricom will gain more from M-Kesho is wrong. Equity will get more deposits. And if you say yekeyeke believes everything the papers say, then are we also to start doubting the 21 billion profit that safaricom made? That it was too much?
GOD BLESS YOUR LIFE
youcan'tstopusnow
#78 Posted : Thursday, July 15, 2010 9:08:04 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
yekeyeke wrote:
And since they smell on the lines, wewe go and join the rich ones wasikunukie.Equity for ever...!!!!

yekeyeke, you really know how to put your points across.
Applause
GOD BLESS YOUR LIFE
cnn
#79 Posted : Friday, July 16, 2010 3:22:49 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Equity report on Tuesday,will be robust.I regret it has caught me out.
Gordon Gekko
#80 Posted : Friday, July 16, 2010 4:21:51 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
The marginal cost of running the Mkesho accounts is almost negligible as they will rely on the IT infrastructure (fixed cost) they already have.
Assuming the 8K accounts opened per day (240k accounts opened in a month, and each carries out only one trx a month (30/-) and they keep only 10/-of this, that is 2.4M bottom line per month. that is serious cash.
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