Equity Bank’s profit, The Other Reason To Buy The British American IPO And Business Success Tips From Kirubi

BY LEON

Like I said last week, there are two companies you should watch out for especially if you are one of the investors  in the British American IPO. They are Housing Finance and Equity Bank. British American Investment Company, the company you are buying at the IPO owns 11.03% of Equity Bank and 16.57% stake in Housing Finance. And in the last quarter, the two companies have declared positive results.

HF made a cool KSh345 million pre-tax profit in the first half of this year. This is a 67% increase from KSh205 million last year. Yesterday, Equity Bank declared a 57% increase in its profit before tax to KSh5.90 billion for the same period.

Like I always say, by buying the IPO, you just don’t buy into one great growing company. You buy into a sector that will not disappoint. Dash there now.

Today being a dull Tuesday esp with news that power rationing is back, I will not write much. However, being  the money Tuesday, I leave you with business success tips from industrialists Chris Kirubi in an interview he did with Forbes magazine. Best part is this tips were in for form of tweets(that sounds like a rap song but heck, he is a DJ!):

“One of the ways I believe you can find meaning of your life is by creating a strategy that you can use through your journey. You need to keep the purpose of your life, front and center as you decide how to spend your time, talents and energy. Remember that without a purpose, life can be hollow.”

“Visualize your past victories while visualizing and anticipating future victories. Planting the seeds of positive expectancy in your mind is the best way to reap.”

“One of the most important lessons that has made me be a better employer and businessman is pointing out people’s strengths. I have come to learn that the praise of others may be of use in teaching us, not what we are, but what we ought to be. Enjoy your afternoon.”

“If you understand an idea, you can express it so others can understand it. However, if you can’t explain it, you don’t really understand it; and you cannot invest in a business you don’t understand. So friends, do your research well and understand the idea or concept you want to execute before investing in it.”

“I arise in the morning torn between a desire to improve the world and a desire to enjoy the world. This makes it hard to plan the day…but because I want to achieve my purpose and make a difference in society, I will stop focusing on the frightful things I see when I take my eyes off my goals and instead fix them there. With that said, I’m off to my meeting.”

“One of the most important lessons I have come to learn over the years is that you can’t do today’s job with yesterday’s methods and be in business tomorrow. You must keep learning new methods and ways of doing things to keep abreast with the world’s ever changing trends.”

“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight. Every winner has scars….The men who succeed are the efficient few. They are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.”

“Whatever opportunity you decide to take should be in line with your vision. When I look at the opportunities that come my way, I often ask myself, will it add value to a business or individual? If I cannot add value or contribute to some sort of growth then I will not take it.”

“To prosper soundly in business, you must satisfy not only your customers, but you must lay yourself out to satisfy also the men who make your product and the men who sell it…So if your not doing too well in business, you should consider the above.”

“One of the most important lessons I have come to learn over the years is that you can’t do today’s job with yesterday’s methods and be in business tomorrow. You must keep learning new methods and ways of doing things to keep abreast with the world’s ever changing trends.”

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