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Equity Bank FY 2018 net profit up 5%
Rank: New-farer Joined: 8/1/2018 Posts: 60 Location: Nairobi
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Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon.  even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022.
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience. If it don't make dollars, it don't make sense
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Rank: New-farer Joined: 8/1/2018 Posts: 60 Location: Nairobi
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Balaa wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience. Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10. I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice?
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Kibe21 wrote:Balaa wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience. Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10. I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice? 10 years is an extreme overstatement. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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MaichBlack wrote:Kibe21 wrote:Balaa wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience. Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10. I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice? 10 years is an extreme overstatement. 3 years is good, though 6 months is a bit tight. 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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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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MaichBlack wrote:Kibe21 wrote:Balaa wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience. Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10. I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice? 10 years is an extreme overstatement. Not necessarily though I understand the impatience. Warren Buffett has held Coca Cola, AMEX, etc for 10+ years. Imagine having bought Apple in 2010! I am not saying one should buy and not monitor the firm's performance though! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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MaichBlack wrote:Kibe21 wrote:Balaa wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. As you strategize remember that ordinarily, stock market price falls take a lift on the way down whereas price rallies take the elevator on the way up. Just don't sink in money you would be needing in the next 10 years. That's my strategy, and it's enabled me sleep easy. Granted some stock price rallies may occasionally take a lift on the way up once in a while, but I don't do luck. I speak from a position of many years' experience. Balaa advice is much appreciated. My predicament, I don't have the kind of money that I won't need in 5years let alone 10. I'm looking for a short term investment that I can easily liquidate to meet other obligations in 6months to one year. Your advice? 10 years is an extreme overstatement. It's more realistic.5 years is also good.Below that not advisable.Let this guy take a money market unit trust.thats for short term goals. Towards the goal of financial freedom
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Rank: Member Joined: 6/15/2013 Posts: 301
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Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. I think current corona prices have already factored in PAT -40% for KCB. There wasn't much blood bath on Friday post announcement. I don't think prices will drop much further down. Recovery of share price will be a long road. I may be wrong but that's my take.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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mulla wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. I think current corona prices have already factored in PAT -40% for KCB. There wasn't much blood bath on Friday post announcement. I don't think prices will drop much further down. Recovery of share price will be a long road. I may be wrong but that's my take. I think even Wanjiku now has some knowledge on how to interpret results. They understood that the drop on profits is because of increased provisioning due to the current business/health/economic situation. This will not be a permanent phenomenon. You don't sell your matatu in the middle of the day just because the fares are down by 40% you know the rush hour will definitely be back!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years and the share trades consistently at more than 10 times the buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. I can give you two or three other stocks but Safaricom is by far the biggest gaffe in Wazua history. There were almost no opposing voice to the popular wisdom that "Safaricom had no future and there was no way it would make money going forward". The few who thought otherwise were either afraid to comment or had their voices drowned! Given the giant Safaricom has become including in financial terms, this has to be the one that goes down in Wazua history. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years and the share trades consistently at more than 10 times the buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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MaichBlack wrote:MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!! Like I said, it was a good time to jump in. Bought a large supply at 28.75. Equity trading at 0.8x BV was a no brainer for me.
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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MaichBlack wrote:MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!! True @MaishBlack, easy 20% in less than 2 weeks @SufficientlyP
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Sufficiently Philanga....thropic wrote:MaichBlack wrote:MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!! True @MaishBlack, easy 20% in less than 2 weeks Hindsight is 20/20. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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sqft wrote:Sufficiently Philanga....thropic wrote:MaichBlack wrote:MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!! True @MaishBlack, easy 20% in less than 2 weeks Hindsight is 20/20. Hindsight??? This was real time. Look at the dates. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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MaichBlack wrote:sqft wrote:Sufficiently Philanga....thropic wrote:MaichBlack wrote:MaichBlack wrote:nairobby wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? It's a good time to jump in Make your own decision. If you listen to people so much, you might get misled. Especially with something that elicits emotions (like the uncertainties brought about by COVID-19) I am NOT saying you should not listen to people. Wazua has very great minds and experienced people and they will give great advice. But once in a very long while "we are all" wrong on something. Okay, most people. Example: Safaricom. When it was going for 2.xy 97% of Wazuans wrote its obituary. And everyone had facts - Bruising price wars, voice is dead, it has too many shares - they would have to be consolidated etc. The collective wisdom was DON'T TOUCH SAFARICOM. It has no hope. Search for old Safaricom threads here you will see (there were many). Oh how wrong (almost) everyone was!! Those who didn't listen can NEVER be in the red. They make more than the purchase price ever two years in dividends and the share trades consistently at more than 10 times their buying price. Personally I have bought Equity heavily. Waiting to make my last two purchases in the next couple of days/weeks then sit pretty. See what I was telling you @nairobby. If you bought Equity, you would be 20%+ in the money in two weeks. Depending on how you invest/trade, you could sell, wait for prices to go back south if you feel they might or keep your 20% and sing hallelujah!!! Either way, it would be a win! And something had already told you to jump in!! True @MaishBlack, easy 20% in less than 2 weeks Hindsight is 20/20. Hindsight??? This was real time. Look at the dates. if you depend on people to make a decision you accomplish nothing "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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MaichBlack wrote:mulla wrote:Kibe21 wrote:Angelica _ann wrote:Kibe21 wrote: KCB @30/= EQT @28/= is it the right time to jump in? Nope don't try catching a hot sharp knife, you know the consequences and result. Relax, you will buy them sub 20 soon. even juicier. My guess is pre-election jitters will be a hurdle in 21/22 safe bet is KCB/Equity will be back to +50/= post 2022. I think current corona prices have already factored in PAT -40% for KCB. There wasn't much blood bath on Friday post announcement. I don't think prices will drop much further down. Recovery of share price will be a long road. I may be wrong but that's my take. I think even Wanjiku now has some knowledge on how to interpret results. They understood that the drop on profits is because of increased provisioning due to the current business/health/economic situation. This will not be a permanent phenomenon.
You don't sell your matatu in the middle of the day just because the fares are down by 40% you know the rush hour will definitely be back!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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KCB 36/=, Equity 36/= 29% gain in two weeks. Talk about steroids. @Kibe21 I hope you are enjoying the ride. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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