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coop bank Q1 2012 results
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Fyatu
#31 Posted : Monday, July 09, 2012 2:37:00 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
[quote=the deal]Detailed analysis of the Coop Bank Q1 2012 earnings on this link http://www.contrarianinv...ew-greenshoots-but-dull[/quote]


when will the extra shares start trading??
Dumb money becomes dumb only when it listens to smart money
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King G
#32 Posted : Monday, July 09, 2012 7:01:21 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Fyatu wrote:
[quote=the deal]Detailed analysis of the Coop Bank Q1 2012 earnings on this link http://www.contrarianinv...ew-greenshoots-but-dull[/quote]


when will the extra shares start trading??


Thought they are already in MY CDS account on Wednesday last week, they must be trading now
Thieves
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mlennyma
#33 Posted : Monday, July 09, 2012 7:43:06 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I also got mine but am not selling.the price dip is because of the new shares not books close as at now.
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#34 Posted : Tuesday, July 10, 2012 7:02:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Everytime this counter hits 11s price zone, the volumes pick up. What is the message smile

CFC behaves the same @40 or below as well as KCB @15 and member @16...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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King G
#35 Posted : Tuesday, July 10, 2012 8:50:53 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
hisah wrote:


Everytime this counter hits 11s price zone, the volumes pick up. What is the message smile

CFC behaves the same @40 or below as well as KCB @15 and member @16...


Using fundamentals, what is the best price to acquire more of this thing; my current average is Kshs. 9.30 and i want to add more
Thieves
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mwekez@ji
#36 Posted : Tuesday, July 10, 2012 9:11:35 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:


Everytime this counter hits 11s price zone, the volumes pick up. What is the message smile

CFC behaves the same @40 or below as well as KCB @15 and member @16...


This time round, the drop from KES 14 to KES 11.20 is because of the 20% dilution emanating from the 1:5 bonus issue. Notice book closure for the bonus issue was 15th June
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  | | Edit by user: Tuesday, July 10, 2012 9:14 AM | Reason: Not specified
mwekez@ji
#37 Posted : Tuesday, July 10, 2012 9:56:55 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
King G wrote:

Using fundamentals, what is the best price to acquire more of this thing; my current average is Kshs. 9.30 and i want to add more


Before the bonus issue, SIB gave coop a fair value of KES 12.42. With the 20% dilution, the fair value now comes to KES 9.94. That should give us a trailing PER of 7.76 (9.94/1.28)
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  | | Edit by user: Tuesday, July 10, 2012 10:08 AM | Reason: Not specified
Aguytrying
#38 Posted : Tuesday, July 10, 2012 10:39:29 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Anyone wanting a piece of co-op, now would be the best time. Look at the volumes around this region, numbers dont lie.
The investor's chief problem - and even his worst enemy - is likely to be himself
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the deal
#39 Posted : Tuesday, July 10, 2012 10:53:48 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Coop Bank Fair Value Kes12 based on a projected eps of Ke1.7 and a forward pe of 7 which I think will be hard to match given current market conditions

Link http://www.contrarianinv...ew-greenshoots-but-dull

So if you looking for value go for KCB, Member, BBK...SBK etc...Coop appears to be fully priced thus lack of interest from foreigners!
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King G
#40 Posted : Tuesday, July 10, 2012 10:55:25 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
mwekez@ji wrote:
King G wrote:

Using fundamentals, what is the best price to acquire more of this thing; my current average is Kshs. 9.30 and i want to add more


Before the bonus issue, SIB gave coop a fair value of KES 12.42. With the 20% dilution, the fair value now comes to KES 9.94. That should give us a trailing PER of 7.76 (9.94/1.28)


But the bonus was credited last week thursday and are already being traded.
Thieves
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