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Equity Bank FY 2018 net profit up 5%
Ericsson
#21 Posted : Thursday, March 28, 2019 9:34:31 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
VituVingiSana wrote:
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better

Equity could need the funds to fund the new and growing businesses eg DRC. I prefer firms pay low dividends to Rights Issues.


Barclays pays high dividends and has never done a rights issue.
Same to Bamburi cement.
VituVingiSana
#22 Posted : Thursday, March 28, 2019 9:46:58 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,051
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better

Equity could need the funds to fund the new and growing businesses eg DRC. I prefer firms pay low dividends to Rights Issues.


Barclays pays high dividends and has never done a rights issue.
Same to Bamburi cement.

How would you compare the growth of Barclays vs Equity since Equity listed?

Bamburi is in a different industry and has a strong parent.
BAT is another high dividend payer but different industry and strong parent.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#23 Posted : Thursday, March 28, 2019 10:14:43 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better

Equity could need the funds to fund the new and growing businesses eg DRC. I prefer firms pay low dividends to Rights Issues.


Barclays pays high dividends and has never done a rights issue.
Same to Bamburi cement.

How would you compare the growth of Barclays vs Equity since Equity listed?

Bamburi is in a different industry and has a strong parent.
BAT is another high dividend payer but different industry and strong parent.


NIC and DTB bank pay peanut dividends.Look at the number of rights issues they have done since listing
VituVingiSana
#24 Posted : Thursday, March 28, 2019 10:19:09 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,051
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better

Equity could need the funds to fund the new and growing businesses eg DRC. I prefer firms pay low dividends to Rights Issues.


Barclays pays high dividends and has never done a rights issue.
Same to Bamburi cement.

How would you compare the growth of Barclays vs Equity since Equity listed?

Bamburi is in a different industry and has a strong parent.
BAT is another high dividend payer but different industry and strong parent.


NIC and DTB bank pay peanut dividends.Look at the number of rights issues they have done since listing


DTB has grown a lot ex-Kenya and the expansion has to be funded.
NIC seems to have stumbled.

Both have reduced the "size" of their Rights Issues. I think the last one DTB did was 1:8
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
wukan
#25 Posted : Thursday, March 28, 2019 12:34:43 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,127
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better

Equity could need the funds to fund the new and growing businesses eg DRC. I prefer firms pay low dividends to Rights Issues.


Barclays pays high dividends and has never done a rights issue.
Same to Bamburi cement.

How would you compare the growth of Barclays vs Equity since Equity listed?

Bamburi is in a different industry and has a strong parent.
BAT is another high dividend payer but different industry and strong parent.


NIC and DTB bank pay peanut dividends.Look at the number of rights issues they have done since listing


Yes they pay peanuts compared to the funds received from shareholders through rights.
Pesa Nane
#26 Posted : Monday, April 15, 2019 4:00:03 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better


AGM 30 April 2019, KICC


Pesa Nane plans to be shilingi when he grows up.
Ericsson
#27 Posted : Monday, April 15, 2019 4:06:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
Pesa Nane wrote:
FUNKY wrote:
since last few years they have maintained their dividend to 2/-...they need to raise to ignite a spark.. Regarding results it's a complete shocker they should have posted better


AGM 30 April 2019, KICC



Shareholders to contend with ksh.2 dividend
Ericsson
#28 Posted : Tuesday, April 30, 2019 10:28:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
Kenya’s leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa focused banking group Atlas Mara to acquire the latter’s banking operations in four African countries.

The transaction, which will be done through a share swap, will see Equity Bank acquire 62% of share of Banque Populaire du Rwanda Limited, 100% of African Banking Corporation (ABC ) in Zambia, Tanzania and Mozambique.

Equity Bank said it expects to allot about 252.5 million new ordinary shares that represent about 6.27% of Equity’s issued shares equivalent to Sh 10.7 Billion.

https://kenyanwallstreet...-in-4-african-countries/
tandich
#29 Posted : Tuesday, April 30, 2019 10:39:38 AM
Rank: Member


Joined: 5/6/2008
Posts: 147
Ebenyo
#30 Posted : Tuesday, April 30, 2019 11:00:05 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,663
Location: Kitale
[quote=Ericsson]Kenya’s leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa focused banking group Atlas Mara to acquire the latter’s banking operations in four African countries.

The transaction, which will be done through a share swap, will see Equity Bank acquire 62% of share of Banque Populaire du Rwanda Limited, 100% of African Banking Corporation (ABC ) in Zambia, Tanzania and Mozambique.

Equity Bank said it expects to allot about 252.5 million new ordinary shares that represent about 6.27% of Equity’s issued shares equivalent to Sh 10.7 Billion.

https://kenyanwallstreet...in-4-african-countries/[/quote]


Great move towards achieving pan African dream.
Towards the goal of financial freedom
Ericsson
#31 Posted : Tuesday, April 30, 2019 1:27:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
From Atlas Mara FY18 Results of its banking business;

Underlying bank operating result sinclude outperformance vs. 2017 in Nigeria and Zimbabwe,in-line performance in Botswana,Mozambique,and Rwanda,and underperformance in Tanzania and Zambia
Angelica _ann
#32 Posted : Tuesday, April 30, 2019 1:32:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,560
Ericsson wrote:
From Atlas Mara FY18 Results of its banking business;

Underlying bank operating result sinclude outperformance vs. 2017 in Nigeria and Zimbabwe,in-line performance in Botswana,Mozambique,and Rwanda,and underperformance in Tanzania and Zambia


Tanzania looks like a very hard economy to invest in for 'outsiders'. I wonder how their won companies perform?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Horton
#33 Posted : Tuesday, April 30, 2019 3:08:47 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,428
Location: Nairobi
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly
Ebenyo
#34 Posted : Tuesday, April 30, 2019 3:20:56 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,663
Location: Kitale
Horton wrote:
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly




They will use money to turn it round.
Towards the goal of financial freedom
VituVingiSana
#35 Posted : Tuesday, April 30, 2019 5:35:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,051
Location: Nairobi
Horton wrote:
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly

Equity was probably just looking for an in using an existing licensee as it did in DRC.
Then invest money and go digital using Equitel. Perhaps use Vodacom/M-Pesa as a partner too.
TZ will be merged.
RW will be merged. BPR is a mass-market bank in RW and Equity has experience with bottom of the pyramid lending.

Equity is going where few KE banks are venturing. No immediate cash impact given it is a share swap.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#36 Posted : Wednesday, May 01, 2019 7:51:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
VituVingiSana wrote:
Horton wrote:
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly

Equity was probably just looking for an in using an existing licensee as it did in DRC.
Then invest money and go digital using Equitel. Perhaps use Vodacom/M-Pesa as a partner too.Is digital succeeding in other countries like it has done in kenya
TZ will be merged.What was the performance in Tz last year.Will the acquisition make any difference or sink it further in losses.
RW will be merged. BPR is a mass-market bank in RW and Equity has experience with bottom of the pyramid lending.What is the market share of BPR in Rwanda.What synergy is equity benefitting

Equity is going where few KE banks are venturing. No immediate cash impact given it is a share swap.
There will be capital injections
Ericsson
#37 Posted : Wednesday, May 01, 2019 10:23:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
..
VituVingiSana
#38 Posted : Wednesday, May 01, 2019 11:57:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,051
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly

Equity was probably just looking for an in using an existing licensee as it did in DRC.
Then invest money and go digital using Equitel. Perhaps use Vodacom/M-Pesa as a partner too.Is digital succeeding in other countries like it has done in kenya
Digital banking is becoming, at different speeds, the norm the world over.
TZ will be merged.What was the performance in Tz last year.Will the acquisition make any difference or sink it further in losses. It depends on the acquisition price of the TZ business. The fixed costs, after acquisition costs, of the combined entity may not rise much.
RW will be merged. BPR is a mass-market bank in RW and Equity has experience with bottom of the pyramid lending.What is the market share of BPR in Rwanda.What synergy is equity benefitting
Google for market share. Equity picks up lot of customers who can be transitioned to the digital platform at a low cost/customer. Low marginal fixed costs given Equity already has platforms eg Equitel, mKey, M-Kesho in place.
Equity is going where few KE banks are venturing. No immediate cash impact given it is a share swap.
There will be capital injections ATMA may buy more shares in EGH for cash which could be used to bolster the new subsidiaries. Just as Equity did in UG and DRC, there will be a period of consolidation and learning about the new markets. Benefits will show up from 2021 onwards.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#39 Posted : Thursday, May 02, 2019 12:24:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,893
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly

Equity was probably just looking for an in using an existing licensee as it did in DRC.
Then invest money and go digital using Equitel. Perhaps use Vodacom/M-Pesa as a partner too.Is digital succeeding in other countries like it has done in kenya
Digital banking is becoming, at different speeds, the norm the world over.
TZ will be merged.What was the performance in Tz last year.Will the acquisition make any difference or sink it further in losses. It depends on the acquisition price of the TZ business. The fixed costs, after acquisition costs, of the combined entity may not rise much.
RW will be merged. BPR is a mass-market bank in RW and Equity has experience with bottom of the pyramid lending.What is the market share of BPR in Rwanda.What synergy is equity benefitting
Google for market share. Equity picks up lot of customers who can be transitioned to the digital platform at a low cost/customer. Low marginal fixed costs given Equity already has platforms eg Equitel, mKey, M-Kesho in place.
Equity is going where few KE banks are venturing. No immediate cash impact given it is a share swap.
There will be capital injections ATMA may buy more shares in EGH for cash which could be used to bolster the new subsidiaries. Just as Equity did in UG and DRC, there will be a period of consolidation and learning about the new markets. Benefits will show up from 2021 onwards.


I don't see ATMA buying more shares in EGH.On the contrary I see when market conditions are right they will dispose off that stake.

Wake up mzee
Equitel failed,failed and was a big failure.
VituVingiSana
#40 Posted : Thursday, May 02, 2019 12:28:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,051
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
It’s a crappy deal. These banks are just average players in their respective markets with some doing badly

Equity was probably just looking for an in using an existing licensee as it did in DRC.
Then invest money and go digital using Equitel. Perhaps use Vodacom/M-Pesa as a partner too.Is digital succeeding in other countries like it has done in kenya
Digital banking is becoming, at different speeds, the norm the world over.
TZ will be merged.What was the performance in Tz last year.Will the acquisition make any difference or sink it further in losses. It depends on the acquisition price of the TZ business. The fixed costs, after acquisition costs, of the combined entity may not rise much.
RW will be merged. BPR is a mass-market bank in RW and Equity has experience with bottom of the pyramid lending.What is the market share of BPR in Rwanda.What synergy is equity benefitting
Google for market share. Equity picks up lot of customers who can be transitioned to the digital platform at a low cost/customer. Low marginal fixed costs given Equity already has platforms eg Equitel, mKey, M-Kesho in place.
Equity is going where few KE banks are venturing. No immediate cash impact given it is a share swap.
There will be capital injections ATMA may buy more shares in EGH for cash which could be used to bolster the new subsidiaries. Just as Equity did in UG and DRC, there will be a period of consolidation and learning about the new markets. Benefits will show up from 2021 onwards.



Wake up mzee
Equitel failed,failed and was a big failure.

Well, then there is still mKey, M-Kesho and the tie-up with M-Pesa that could be rolled out in the new markets.
Or they can buy/license/adopt a platform that is successful in other regions and adapt it to their customers' needs. Innovation as required.
I'd like to see what Equity has done in DRC and if that is a model for other countries ex-Kenya.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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