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co op bank Q3 2011 pretax profit up 26%
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Realtreaty
#1 Posted : Saturday, October 01, 2011 10:22:01 PM
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Joined: 8/16/2011
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smile CO-OP bank may be a very good future bet that remains very stong. Though it has fallen to low of 14 from high 21, it still coping better than others. With its base on co-operative movements it may easily replace old banks like Barclays. The Agri-business, IT,Transport and import-export businesses may boost this share very well.
I hope the connections this bank may make with chinese investors are doing great and giving it an edge!smile smile
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QW25081985
#2 Posted : Saturday, October 01, 2011 10:55:05 PM
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Joined: 8/29/2011
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want to know where this bank its going . look at where the sister a.k.a is going ...lol
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cnn
#3 Posted : Thursday, November 10, 2011 10:12:33 AM
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http://af.reuters.com/ar...s/idAFL6E7MA0GR20111110
At half year they had more than 50% growth,they couldn't maintain it at 3rd quarter.
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ngapat
#4 Posted : Thursday, November 10, 2011 10:14:46 AM
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Below expectation
http://af.reuters.com/ar...ws/idAFJOE7A903Z20111110
“Invest in yourself. Your career is the engine of your wealth.”
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mlennyma
#5 Posted : Thursday, November 10, 2011 10:17:19 AM
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The way this topic is posted is malicious and misleading...simply say co op bank records 26% jump in profits.
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#6 Posted : Thursday, November 10, 2011 10:20:15 AM
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@thanks ngapat for putting the thread straight.
"Don't let the fear of losing be greater than the excitement of winning."
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cnn
#7 Posted : Thursday, November 10, 2011 10:23:43 AM
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mlennyma wrote:
The way this topic is posted is malicious and misleading...simply say co op bank records 26% jump in profits.

No apologies.
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Sober
#8 Posted : Thursday, November 10, 2011 10:47:30 AM
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not bad....
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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selah
#9 Posted : Thursday, November 10, 2011 1:48:35 PM
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COOP has hidden its profits in the loan provision it has an excess of 1B The 26% jump is very Conservative, if all that excess provision was to be turned into profit ,then COOP has outperformed most banks.

Cash and cash equivalent has jumped from 25.7B to 27.9B. Liquidity ratio is at 40.9% the highest I have seen in the major banks.

Borrowed funds is among the lowest in the industry in this Q
'......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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Realtreaty
#10 Posted : Thursday, November 10, 2011 5:11:37 PM
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Applause Applause Applause Back to Ishirini(20).That was a marvellous perfomance and i think with the Co-op movement this share should read 50 KesLaughing out loudly Laughing out loudly Laughing out loudly Pray
mlennyma wrote:
@thanks ngapat for putting the thread straight.

Applause
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GGK
#11 Posted : Thursday, November 10, 2011 5:28:49 PM
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Solid performance... Was it one of those hoarding the dollars?
"..I am because we are. "― Ubuntu, Umtu,
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Ericsson
#12 Posted : Thursday, November 10, 2011 6:29:16 PM
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If you look at the statutory ratios Co-operative Bank is at the edge of breaching them.Expect a rights Issue next year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Fyatu
#13 Posted : Friday, November 11, 2011 8:54:59 AM
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The noun is.......PROFIT!!!Applause
Dumb money becomes dumb only when it listens to smart money
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maligumu
#14 Posted : Friday, November 11, 2011 11:07:29 AM
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With the recent results what is expected of this bank . Is there a looming rights issue in not the so far future ?
Peace be with you
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the deal
#15 Posted : Friday, November 11, 2011 2:27:39 PM
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My belated Analysis of 3Q results and Yes there is a bullish case for rights issue read more http://www.contrarianinv...l-call-on-the-cards.html
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Realtreaty
#16 Posted : Friday, November 11, 2011 6:09:04 PM
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maligumu wrote:
With the recent results what is expected of this bank . Is there a looming rights issue in not the so far future ?

smile Rights issue will not be the right thing to do for the bank for thge coming 2 years. A Bonus at this time of Crisis will be better and a Rights issue at 2014.
Rights are good for Projects or expansion that has already happened. since CO-OP is in need to reward its investors for the profits it will most likely go for 1 for every 10 which means approx 1.42 Kes for every share at current price of Kes 14.8 or 1 for every 15 shares held to make it 1 kes per share . This increases the shares with less dilution and also a big reward as more investors will prospect growth!
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the deal
#17 Posted : Saturday, November 12, 2011 2:02:19 PM
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CAR at this bank are pathetic...I think they're on CBK's watch list.
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Cde Monomotapa
#18 Posted : Saturday, November 12, 2011 2:49:39 PM
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Ericsson wrote:
If you look at the statutory ratios Co-operative Bank is at the edge of breaching them.Expect a rights Issue next year
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GGK
#19 Posted : Saturday, November 12, 2011 5:27:55 PM
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Sasa hapa mashinani... tununue au la? Analysis here dont seem to be conclusive
"..I am because we are. "― Ubuntu, Umtu,
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guru267
#20 Posted : Saturday, November 12, 2011 6:08:39 PM
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GGK wrote:
Sasa hapa mashinani... tununue au la?


LA!!!
There are better performing banks in the market. Please review KCB au NIC. smile
Mark 12:29
Deuteronomy 4:16
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