KA-INVESTOR

• Resolution Health IPO Coming …..

  Posted: March 7, 2008, 7:20 pm by ka-investor

  
  Resolution health, a health insurance firm, may be coming to the NSE in a few years time. At the moment they are considering a private placement to increase the number of shareholder and value of the company in preparation for listing in the NSE in a few years time. The insurance firm seeks to raise Ksh.600 million through this private placement.
  
  In their financial results for 2007, the company recorded a 63% increase in profit to Ksh.114 million. Their turnover increased to Ksh.591 million a 66% growth over the 2006 figures.
  
  The company projects a Ksh.910 million turnover at the end of this year and Ksh.300 million in net income. The insurer also expects to increase their member by over 175% from the current 19,600 to 54, 000 by year end.
  Resolution now join K-rep and Nakumatt who may be having their IPO's next year.

• Equity Bank 2007 Numbers: Surprise! Surprise!

  Posted: March 7, 2008, 5:19 pm by ka-investor

  Equity Bank 2007 pretax profit jumped 118% to Ksh.2.4 billion, boosted by higher asset growth which was mainly supported by the increase in funding i.e

  • capital injection of Ksh.11 billion (Helios EB)
  • additional long-term debt of Ksh.4 billion
  • growth in customer deposits of Ksh.15 billion (Ksh.31.5 billion from Ksh.16.3 billion 2006)

  Other impresive figure inclide

  • Total operating income grew 73% in to Ksh.5.8 billion
  • Total expenses rose 52% to Ksh.3.5. because of opening 28 additional branches, bringing the network to 98
  • Interest income increased by 83% to Ksh.2.8 billion.
  • Earnings per share rose to Ksh.6.96 from Ksh.2.77 in 2006.
  • A total dividend payment of Ksh.543 million has been proposed compared to ksh.181 million last year.
  • Market capitalization grew by 331% to Ksh.54.3 billion in from Ksh.12.6 billion

Blah blah blah

Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes