Wazua
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COOP, Barclays, NBK, banks HY 2011 result analysis
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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COOP PAT Jumps from 2.3B to 3.3B Barclays PAT jumps from 3.6B to 3.7B compared to last yr interim dividend of 0.20 declared. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Member Joined: 1/29/2007 Posts: 70
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Selah, how do you understand the English word 'jump', looks like I understand it differently!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Poor Beberu bank 
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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Glad to see the inherent momentum our own banks are doing. Barclays has truly stagnated. For how long though? The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:Poor Beberu bank What do u mean poor??? They're doing almost the same PAT with KCB with their Zillion Assets
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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The giant order in the banking industry is..EQUITY,KCB,BBK,STANCHAT,CO-OP E.T.C "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Cde Monomotapa wrote:Poor Beberu bank What do u mean poor??? They're doing almost the same PAT with KCB with their Zillion Assets sorry that u thought they'd be another custodial to be sold, but u can keep waiting
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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Equity is the bomb! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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the deal wrote:Cde Monomotapa wrote:Poor Beberu bank What do u mean poor??? They're doing almost the same PAT with KCB with their Zillion Assets If the once efficient Barclays is being compared with Kcb, truely times have changed. Democracy does not belong to the dead
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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COOP management had promised a PAT target of 7B in full yr results I think its achievable now. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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selah wrote:COOP PAT Jumps from 2.3B to 3.3B
 Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 7/12/2011 Posts: 194
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Cde Monomotapa wrote:the deal wrote:Cde Monomotapa wrote:Poor Beberu bank What do u mean poor??? They're doing almost the same PAT with KCB with their Zillion Assets sorry that u thought they'd be another custodial to be sold, but u can keep waiting THE REIGN IS OVER!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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kenyainvestor wrote:Cde Monomotapa wrote:the deal wrote:Cde Monomotapa wrote:Poor Beberu bank What do u mean poor??? They're doing almost the same PAT with KCB with their Zillion Assets sorry that u thought they'd be another custodial to be sold, but u can keep waiting THE REIGN IS OVER!
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I think The CEO has assured the investors in regards to the speculation of a right Issue. Quote:Muriuki dismissed speculation the bank was looking to raise capital by going to the market.
"We have no plans for a rights issue. We will use retained profits to sustain our balance sheet," he added.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Hello Joined: 5/4/2011 Posts: 4
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An end of year bonus from Coop? that would be so sweet!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,621
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And National Bank becomes the first of the listed banks to report a decline in half year profits,pre-tax down 8% from last year to 1.1 billion.
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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Wazua, please modify title to include another bank - NBK - since they are all in the party together. I got email from broker saying operating income increased by 26%, profit before tax was 1.1b (8% below last year) arising due to revaluation of government securities. No fanfare, No dividend, blah blah, government still in charge. http://af.reuters.com/article/k...ws/idAFN6E7IP00Q20110803
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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Glad l jumped out of NBK quickly and early even though for a loss. It was a bad move to buy. Cut my losses at 2/- per share. I'd be grinding and gnashing teeth now. The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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NBK is so over reliant on loans and GSec, with very little coming from other incomes, this always causes problems when interest rates and inflation rise. The management should diversify its income streams, full yr result will definitely be disappointing if they maintain the same investment strategy. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Wazua
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COOP, Barclays, NBK, banks HY 2011 result analysis
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