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6 Pages«<3456>
Equity Bank FY 2018 net profit up 5%
Ericsson
#81 Posted : Wednesday, October 02, 2019 8:13:59 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,381
Location: NAIROBI
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-opens-ninth-clinic-in-healthcare-expansion/4003102-5294954-13hmj6g/index.html


Since inception how has this business performed?Has anyone seen the financial results?
Finserve aka Equitel the trading results have never been made public
VituVingiSana
#82 Posted : Wednesday, October 02, 2019 9:26:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,965
Location: Nairobi
Ericsson wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-opens-ninth-clinic-in-healthcare-expansion/4003102-5294954-13hmj6g/index.html


Since inception how has this business performed?Has anyone seen the financial results?
Finserve aka Equitel the trading results have never been made public

This could be a sort of CSR by Equity that allows it to remain in the public eye as well as allow it to test various financial products and services.

"Equity Afia, which is under the Equity Group Foundation..."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#83 Posted : Wednesday, October 02, 2019 11:32:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,381
Location: NAIROBI
littledove
#84 Posted : Wednesday, October 09, 2019 12:18:13 PM
Rank: Member


Joined: 7/1/2014
Posts: 771
Location: sky
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Extraterrestrial
#85 Posted : Wednesday, October 09, 2019 12:32:02 PM
Rank: Member


Joined: 11/17/2018
Posts: 140
Location: Mars
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity


"Some of the subsidiaries are in losses and, in aggregate, the four lenders reported a low return on equity of two percent in 2018, according to previous disclosures by Atlas Mara."

https://www.businessdail...04274-kaa43n/index.html
VituVingiSana
#86 Posted : Wednesday, October 09, 2019 7:13:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,965
Location: Nairobi
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity

It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was.

JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#87 Posted : Wednesday, October 09, 2019 8:17:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,381
Location: NAIROBI
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity

It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was.

JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time.


And their is a disclaimer that Equity bank may pay Atlas mara in future cash money if the businesses turn around
VituVingiSana
#88 Posted : Wednesday, October 09, 2019 9:01:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,965
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity

It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was.

JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time.


And their is a disclaimer that Equity bank may pay Atlas mara in future cash money if the businesses turn around
Yes. A good strategy. If the businesses/banks that Atlas Mara is selling are better than what Equity thinks they are then Atlas gets a payoff. If not then Equity doesn't have to pay anything more.

I am OK, as a shareholder in Equity, to pay Atlas Mara for better performance/value after it is proven out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#89 Posted : Wednesday, October 09, 2019 9:53:52 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,513
Location: Nairobi
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity

It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was.

JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time.


Sounds like you are homies 😬
VituVingiSana
#90 Posted : Thursday, October 10, 2019 5:13:54 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,965
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-gets-Sh13bn-discount-in-deal-to-buy-four-African-banks/4003102-5304274-kaa43n/index.html
Equity Bank Group is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group.

Atlas Mara Limited says through its trading report to the London Stock Exchange (NSE) that it marked down the value of the four banks after the Equity Bank deal prompted a due diligence on their financial health.

Equity Bank will offer 6.72 percent of its shares worth Sh10.9 billion to Atlas Mara, meaning that the valuation of the four banks dropped by more than half. This is a reflection that Atlas had weak earnings.

They must be trying to get out at all cost, 13b discount? hope the market will not be hostile to equity

It's not a discount by any means but an acknowledgement by the seller that the valuation wasn't what they thought/claimed it was.

JM isn't going to pay a penny more than the units are worth. High NPLs,low RoA, etc must have been taken into account. Equity will likely do well in these markets but it will take some time.


Sounds like you are homies 😬
Laughing out loudly Laughing out loudly Laughing out loudly I am a huge fan and have been one for years. He has a lot of skin in the game too.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#91 Posted : Thursday, October 10, 2019 9:57:48 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,525
Location: Windhoek/Nairobbery
JM is right Laughing out loudly Laughing out loudly Laughing out loudly just read this https://www.google.com/a...naire-told-blatant/amp/

Atlas Mara chaps can't be trusted!
Ericsson
#92 Posted : Thursday, October 10, 2019 11:09:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,381
Location: NAIROBI
the deal wrote:
JM is right Laughing out loudly Laughing out loudly Laughing out loudly just read this https://www.google.com/a...naire-told-blatant/amp/

Atlas Mara chaps can't be trusted!

That wife is beautiful
VituVingiSana
#93 Posted : Friday, October 11, 2019 6:55:09 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,965
Location: Nairobi
the deal wrote:
JM is right Laughing out loudly Laughing out loudly Laughing out loudly just read this https://www.google.com/a...naire-told-blatant/amp/

Atlas Mara chaps can't be trusted!
Why would he want to give her $millions?
Let's discuss businesses and investments not people's personal lives on Wazua.
I am sure there is a Namibian WhatsApp/FB group you can join for such nonsense.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
FUNKY
#94 Posted : Friday, October 11, 2019 9:39:06 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,603
Ericsson
#95 Posted : Friday, October 11, 2019 10:20:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,381
Location: NAIROBI
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/Equity-targets-youth-in-new-growth-drive/4003102-5306600-83fl6xz/index.html


Is the management youthful
MaichBlack
#96 Posted : Friday, November 01, 2019 10:38:28 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
Some fellow is not even hiding demand! Eish bhane!!

Wameanza kuharibu soko!! And the way I have been accumulating chini ya maji. And I ain't done yet!

Still buying more of these share over the last couple of months. Been buying at between 38/= and 40/=. I have almost doubled my holding in the stock. Still remaining with more to buy of the next couple of weeks to hit my record.

I would have preferred 35/= - 36/= but hey, it is not about timing the market. It is about the time in the market. And I really needed to buy a huge chunk to start playing timing games!

Remaining lot hopefully I buy at a lower price. Probably at a higher one given the demand and supply patterns.

I have have bought so much of Equity Bank shares, I feel like I literally own the Bank!!! Not as a shareholder. As the dude who owns this sh!t!!Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

The buying spree almost coming to an end.

I am soooooo glad I went all in. I threw everything at this stock!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
FUNKY
#97 Posted : Friday, November 01, 2019 10:41:09 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,603
There is a bid of million shares at 51/- and no supply
MaichBlack
#98 Posted : Friday, November 01, 2019 10:44:35 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
MaichBlack wrote:
Sufficiently Philanga....thropic wrote:
MaichBlack wrote:
Spikes wrote:
MaichBlack wrote:
MaichBlack wrote:
MaichBlack wrote:
Some fellow is not even hiding demand! Eish bhane!!

Wameanza kuharibu soko!! And the way I have been accumulating chini ya maji. And I ain't done yet!

Still buying more of these share over the last couple of months. Been buying at between 38/= and 40/=. I have almost doubled my holding in the stock. Still remaining with more to buy of the next couple of weeks to hit my record.

I would have preferred 35/= - 36/= but hey, it is not about timing the market. It is about the time in the market. And I really needed to buy a huge chunk to start playing timing games!

Remaining lot hopefully I buy at a lower price. Probably at a higher one given the demand and supply patterns.

I have have bought so much of Equity Bank shares, I feel like I literally own the Bank!!! Not as a shareholder. As the dude who owns this sh!t!!Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

The buying spree almost coming to an end.

All the best in your investment endevours.

Thanks fellow investor.

I now have significant skin (as @vvs would put it) in this stock. It is receiving bad press and for good reason, but I am a veeeery long term investor. The future is bright! @vvs should lend me a pair of sunglasses!! smile smile smile

I have also gone heavy on Kenya Re.


You will receive a tongue lashing from the All Knowing MugundaMansmile

Wachana na @MugundaMan. He thinks there is only one investment avenue.

We are also in real estate others are in import - export, others are in farming, others are traders, some in forex etc. You get money where get it.

@MugudaMan is the kind of fellow who imagines everyone should open a butchery just because he has a series of butcheries!!! Woe unto you if you open a hardware!!! You are in the hardware casino and you need to close it ASAP and open a butchery!!!

Where is this @Mugundamn!!!??? I am more than 32% up in a few weeks and the ride is just beginning!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#99 Posted : Friday, November 01, 2019 10:55:15 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,321
FUNKY wrote:
There is a bid of million shares at 51/- and no supply

I could help them out but I am not in the mood!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
mlennyma
#100 Posted : Friday, November 01, 2019 11:25:43 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,034
Location: nairobi
MaichBlack wrote:
FUNKY wrote:
There is a bid of million shares at 51/- and no supply

I could help them out but I am not in the mood!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

only equity and co op are changing others are losing steam
"Don't let the fear of losing be greater than the excitement of winning."
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