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Equity Bank Q1 2016 Results
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watesh
#61 Posted : Monday, July 04, 2016 2:23:40 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 955
Location: Kenya
kaka2za wrote:
VituVingiSana wrote:
hisah wrote:
VituVingiSana wrote:
More good news for Equity which will get its money from debt-ridden TransCentury.
http://www.businessdaily...8/-/8c0v4u/-/index.html

Good news indeed in this NPL environment. The other good move was dumping that britam stake in 2014 just when it that counter topped out and has never found its footing to date!

Waiting for H1 results then I decide if to remove it from my golden handcuffs list. Same case applies to Centum H1, but I see britam will remain in that list for a long time.

Equity does not hesitate dumping bad borrowers including County of Nairobi and Transcentury.


But there is a Mainstream church that owes Equity over 2b NPL.

Toboa siri
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watesh
#62 Posted : Monday, July 04, 2016 3:58:26 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 955
Location: Kenya
mkate_nusu wrote:
Ebenyo wrote:
mkate_nusu wrote:
MaichBlack wrote:
Foreign investors loving Equity


I am in this counter for the longterm. Below 36 I scoop up more


Im also in this counter for the long term.Im in simba too but i plan kuachia my daughter.Mi nitabaki na huyu James Mwangi.I heard there is a rights issue next year?


@Ebenyo I highly doubt that. Equity books are looking healthy: working capital, LLPs and NPLs are all good.
If they needed the money they can always retain greater portion of earnings and pay less in dividends

The Grand Plan was a 200bn expansion plan in 10 countries. They got 20bn from the new shares they created and have a 36bn loan agreement signed. The remaining 140bn has to be raised somehow, retained earnings cant do much since they use that to add additional capital to all the subsidiaries except SS for lending.
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moneydust
#63 Posted : Monday, July 04, 2016 5:35:41 PM
Rank: Member


Joined: 1/31/2007
Posts: 303
watesh wrote:
mkate_nusu wrote:
Ebenyo wrote:
mkate_nusu wrote:
MaichBlack wrote:
Foreign investors loving Equity


I am in this counter for the longterm. Below 36 I scoop up more


Im also in this counter for the long term.Im in simba too but i plan kuachia my daughter.Mi nitabaki na huyu James Mwangi.I heard there is a rights issue next year?


@Ebenyo I highly doubt that. Equity books are looking healthy: working capital, LLPs and NPLs are all good.
If they needed the money they can always retain greater portion of earnings and pay less in dividends

The Grand Plan was a 200bn expansion plan in 10 countries. They got 20bn from the new shares they created and have a 36bn loan agreement signed. The remaining 140bn has to be raised somehow, retained earnings cant do much since they use that to add additional capital to all the subsidiaries except SS for lending.


For now the grand expansion has been put on hold in favour of consolidating the existing business.Therefore, the bank might not be in need of additional shareholder capital in form of a rights issue just yet.
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kaimbaga2012
#64 Posted : Monday, July 04, 2016 5:56:10 PM
Rank: New-farer


Joined: 10/25/2011
Posts: 67
@Moneydust. What is the source of your information and how credible is it
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moneydust
#65 Posted : Monday, July 04, 2016 6:11:08 PM
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Joined: 1/31/2007
Posts: 303
kaimbaga2012 wrote:
@Moneydust. What is the source of your information and how credible is it



Equity bank freezes expansion plans
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Plimsoul
#66 Posted : Tuesday, July 05, 2016 2:51:20 PM
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Joined: 3/3/2016
Posts: 132
A bit of heavy trading on EQT today. What gives?
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watesh
#67 Posted : Tuesday, July 05, 2016 6:04:26 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 955
Location: Kenya
Seeing news on Twitter that Equity Bank says they have formed partnerships with telcos in Uganda, Tanzania,Rwanda,South Sudan & DR Congo to roll out Equitel.
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Impunity
#68 Posted : Tuesday, July 05, 2016 6:06:05 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
watesh wrote:
Seeing news on Twotter that Equity Bank says they have formed partnerships with telcos in Uganda, Tanzania,Rwanda,South Sudan & DR Congo to roll out Equitel.


We are also seeing that.

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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murchr
#69 Posted : Tuesday, July 05, 2016 6:15:17 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Some serious volume i must say
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Aguytrying
#70 Posted : Tuesday, July 05, 2016 6:36:10 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
murchr wrote:
Some serious volume i must say


True even the last few sessions. So hard getting this share at good price . It's a blue chip more than kcb
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#71 Posted : Tuesday, July 05, 2016 7:02:05 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Aguytrying wrote:
murchr wrote:
Some serious volume i must say


True even the last few sessions. So hard getting this share at good price . It's a blue chip more than kcb

true but the Hunter must stay awake to spot the best shooting chance
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#72 Posted : Tuesday, July 19, 2016 12:02:14 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
Aguytrying wrote:
murchr wrote:
Some serious volume i must say


True even the last few sessions. So hard getting this share at good price . It's a blue chip more than kcb

true but the Hunter must stay awake to spot the best shooting chance


Equity at 37.00. I see 35 opening up. I know you see it too elder
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#73 Posted : Tuesday, July 19, 2016 12:19:22 PM
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Joined: 12/4/2009
Posts: 10,640
Location: NAIROBI
It was next in line for the shafting after KCB and Coop
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#74 Posted : Tuesday, July 19, 2016 12:21:46 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Aguytrying wrote:
mlennyma wrote:
Aguytrying wrote:
murchr wrote:
Some serious volume i must say


True even the last few sessions. So hard getting this share at good price . It's a blue chip more than kcb

true but the Hunter must stay awake to spot the best shooting chance


Equity at 37.00. I see 35 opening up. I know you see it too elder

the market bottom isn't necessarily your dream stocks bottom I repeat. better shooting in bits than being left timing a bottom
"Don't let the fear of losing be greater than the excitement of winning."
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Ebenyo
#75 Posted : Tuesday, July 19, 2016 1:20:34 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
mlennyma wrote:
Aguytrying wrote:
mlennyma wrote:
Aguytrying wrote:
murchr wrote:
Some serious volume i must say


True even the last few sessions. So hard getting this share at good price . It's a blue chip more than kcb

true but the Hunter must stay awake to spot the best shooting chance


Equity at 37.00. I see 35 opening up. I know you see it too elder

the market bottom isn't necessarily your dream stocks bottom I repeat. better shooting in bits than being left timing a bottom


im waiting at 36.50 to add my stake.
Towards the goal of financial freedom
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hisah
#76 Posted : Tuesday, July 19, 2016 1:39:20 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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sparkly
#77 Posted : Tuesday, July 19, 2016 1:51:28 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
KCB lost the support level at 38-40 zone and has crashed towards 30. If member loses the 36-38 support zone, 30 will be tested. For member it may be swift since the sell pressure is showing up after a volume spike. Was that distribution?


People have lost faith in stocks. Yes, I belief that we will see 30 soon
Life is short. Live passionately.
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Ericsson
#78 Posted : Tuesday, July 19, 2016 2:41:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,640
Location: NAIROBI
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#79 Posted : Tuesday, July 19, 2016 2:48:07 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.


from that 60 billion,7bilion itapunguza NPLs ya kcb from 30 billion to 23bilion.
Towards the goal of financial freedom
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Metasploit
#80 Posted : Tuesday, July 19, 2016 4:29:22 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Ebenyo wrote:
Ericsson wrote:
@Sparkly
That's true couple that with a struggling economy where we had to borrow sh.60bn from China to pay contractors.
Heavy volumes on equity bank today 10.29mn shares traded so far.
Apart from it and safaricom no other counter has traded more that a million shares.


from that 60 billion,7bilion itapunguza NPLs ya kcb from 30 billion to 23bilion.


Ebenyo..whatyu talking bout

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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