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Coop Bank Q3 2010 results review
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Best performance among the big banks in terms of Net Profit growth at 74.76%.
PBT - Kshs 4,382,822,000
PAT - Kshs 3,731,031,000
EPS - Kshs 1.07
Qtr on Qtr growth - 7.27%.
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Rank: Elder Joined: 12/6/2008 Posts: 3,558
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If possible give link to financial report, DTK is appearing on its place at NSE.CO.KE. thanks Meru Holiness
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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No doubt GReat results for Q3. But contributing to the high EPS growth of 75.4% is the tax savings. Q3PBT 2010 vs Q3PBT 2009 - 53.6% Growth Q3PAT 2010 vs Q3PAT 2009 - 74.76% Growth Could they have understated tax or is it prudent tax planning? @SufficientlyP
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Sufficiently Philanga....thropic wrote:No doubt GReat results for Q3. But contributing to the high EPS growth of 75.4% is the tax savings.
Q3PBT 2010 vs Q3PBT 2009 - 53.6% Growth
Q3PAT 2010 vs Q3PAT 2009 - 74.76% Growth
Could they have understated tax or is it prudent tax planning? Coop and Equity have both been enjoying a tax rebate which they got on listing. (I wonder why my favourite bank I & M does not list, so that they can enjoy the same). Therefore an increase in PBT results in a more than proportionate increase in PAT. The PAT is LEVERAGED.
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Rank: New-farer Joined: 10/5/2010 Posts: 23
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Rank: New-farer Joined: 10/5/2010 Posts: 23
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impressive results, especially the growth in deposits (53.64%) thus profit growth looks sustainable
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mwanahisa wrote:Sufficiently Philanga....thropic wrote:No doubt GReat results for Q3. But contributing to the high EPS growth of 75.4% is the tax savings.
Q3PBT 2010 vs Q3PBT 2009 - 53.6% Growth
Q3PAT 2010 vs Q3PAT 2009 - 74.76% Growth
Could they have understated tax or is it prudent tax planning? Coop and Equity have both been enjoying a tax rebate which they got on listing. (I wonder why my favourite bank I & M does not list, so that they can enjoy the same). Therefore an increase in PBT results in a more than proportionate increase in PAT. The PAT is LEVERAGED. Many Thanks! @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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mwanahisa wrote:I wonder why my favourite bank I & M does not list, so that they can enjoy the same) There is something going on here. Kuna kitu... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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VituVingiSana wrote:mwanahisa wrote:I wonder why my favourite bank I & M does not list, so that they can enjoy the same) There is something going on here. Kuna kitu... @ VVs been following your comments and you seem like quite an astute investor. Followed you bout Kenol and can't quite complain.. Would you have time for this villager who wants to be your protege? Thats when am in Nairobi! Foresight..
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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53% in deposit is applausable. Commendable job indeed. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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gatoho wrote:VituVingiSana wrote:mwanahisa wrote:I wonder why my favourite bank I & M does not list, so that they can enjoy the same) There is something going on here. Kuna kitu... @ VVs been following your comments and you seem like quite an astute investor. Followed you bout Kenol and can't quite complain.. Would you have time for this villager who wants to be your protege? Thats when am in Nairobi! I keep anonymous for a reason. It lets me critic or praise without hurting people's feelings... [Well, I don't always succeed there!] One day I shall 'reveal' myself... not now! BTW, you should follow @stocksmaster. He runs a real portfolio & shares his trades with everyone... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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@all I do not have the current numbers but at an historic P/E of 23 the market seems to have priced in the good results. Anyone worked out the forward P/E on this counter to shed some light here. When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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shauriyako wrote:
Anyone worked out the forward P/E on this counter to shed some light here.
@shauriyako I have calculated a forward P/E of 13-15 Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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VituVingiSana wrote:gatoho wrote:VituVingiSana wrote:mwanahisa wrote:I wonder why my favourite bank I & M does not list, so that they can enjoy the same) There is something going on here. Kuna kitu... @ VVs been following your comments and you seem like quite an astute investor. Followed you bout Kenol and can't quite complain.. Would you have time for this villager who wants to be your protege? Thats when am in Nairobi! I keep anonymous for a reason. It lets me critic or praise without hurting people's feelings... [Well, I don't always succeed there!] One day I shall 'reveal' myself... not now! BTW, you should follow @stocksmaster. He runs a real portfolio & shares his trades with everyone... Haisuru.. Somehow stockmaster has escaped my attention.. I will keep looking and Am sure you'll still offer your advice when asked. How do Coop give 20 cents div with EPS of sh 1+? retaining kila kitu or it their secret ya good results? Foresight..
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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gatoho, I have coop with an EPS of 0.85. A dividend of 0.2 will give it a divend payout of 23.5%. They maybe see a need for a lot of capital in future as they continue expanding across boarders, in order to maximise shareholder returns. Visit the stock profiler page on Wazua. www.wazua.co.ke/investor/stockssummary.aspxGOD BLESS YOUR LIFE
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Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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guru267 wrote:shauriyako wrote:
Anyone worked out the forward P/E on this counter to shed some light here.
@shauriyako I have calculated a forward P/E of 13-15 @guru for a growth stock that is ok. We might just see the stock trading at a P/E of 23 again come next year. That will put the share price at kshs. 30 (23/15*20). That said btn DTB and Coop which one would rather load on at current figures? When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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shauriyako, iyo ni NGUMU. Both are showing phenomenal growth. COOP is definitely going to ride on the strong cooperative movement in the country for some time to come. DTB on the other hand is riding on the SME's which are also driving the economy. Could DTB give a bonus this year? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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youcan'tstopusnow wrote:shauriyako, iyo ni NGUMU. Both are showing phenomenal growth. COOP is definitely going to ride on the strong cooperative movement in the country for some time to come. DTB on the other hand is riding on the SME's which are also driving the economy. Could DTB give a bonus this year? i have a 90% believe that DTB will issue bonus next year.but then the 10% may come to pass.
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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@gatoho - Coop is still in a growth phase. They plan to expand their South Sudan operations plus ramping up the Kenya operations... This means if they pay a higher dividend [I expect more than 20cents for FY 2010] then they will be forced to 'slow down' growth OR do a Rights Issue... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Coop Bank Q3 2010 results review
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