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Coop Bank - Stocksmaster's 1st Play 2013
guru267
#61 Posted : Saturday, May 11, 2013 7:38:48 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mibbz wrote:
@stocksmaster thanks for the co-op tip, got in but thinking abt getting a second counter.what do you think abt pan Africa insuarance? Do you see price rising in light of sanlam take over?


The Sanlam takeover began back when we were at 39bob! Now its almost over since they were only planning to go up to 66% ownership!

Mark 12:29
Deuteronomy 4:16
mibbz
#62 Posted : Saturday, May 11, 2013 8:19:22 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
guru267 wrote:
mibbz wrote:
@stocksmaster thanks for the co-op tip, got in but thinking abt getting a second counter.what do you think abt pan Africa insuarance? Do you see price rising in light of sanlam take over?


The Sanlam takeover began back when we were at 39bob! Now its almost over since they were only planning to go up to 66% ownership!



They only managed to get 54%, they are still in the market for more to reach 60% after closure of books.read that in the business daily some time ago and I believe there is a thread somewhere onthe same
guru267
#63 Posted : Saturday, May 11, 2013 8:50:22 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mibbz wrote:
guru267 wrote:
mibbz wrote:
@stocksmaster thanks for the co-op tip, got in but thinking abt getting a second counter.what do you think abt pan Africa insuarance? Do you see price rising in light of sanlam take over?


The Sanlam takeover began back when we were at 39bob! Now its almost over since they were only planning to go up to 66% ownership!



They only managed to get 54%, they are still in the market for more to reach 60% after closure of books.read that in the business daily some time ago and I believe there is a thread somewhere onthe same


@mibbz the point here is that you are kind of too late to the party!
Mark 12:29
Deuteronomy 4:16
mibbz
#64 Posted : Saturday, May 11, 2013 10:06:48 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
guru267 wrote:
mibbz wrote:
guru267 wrote:
mibbz wrote:
@stocksmaster thanks for the co-op tip, got in but thinking abt getting a second counter.what do you think abt pan Africa insuarance? Do you see price rising in light of sanlam take over?


The Sanlam takeover began back when we were at 39bob! Now its almost over since they were only planning to go up to 66% ownership!



They only managed to get 54%, they are still in the market for more to reach 60% after closure of books.read that in the business daily some time ago and I believe there is a thread somewhere onthe same


@mibbz the point here is that you are kind of too late to the party!


@guru which insurance would you advise I dive in? Trying a mixture of banking and insurance

guru267
#65 Posted : Sunday, May 12, 2013 9:55:53 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mibbz wrote:
guru267 wrote:
mibbz wrote:
guru267 wrote:
mibbz wrote:
@stocksmaster thanks for the co-op tip, got in but thinking abt getting a second counter.what do you think abt pan Africa insuarance? Do you see price rising in light of sanlam take over?


The Sanlam takeover began back when we were at 39bob! Now its almost over since they were only planning to go up to 66% ownership!



They only managed to get 54%, they are still in the market for more to reach 60% after closure of books.read that in the business daily some time ago and I believe there is a thread somewhere onthe same


@mibbz the point here is that you are kind of too late to the party!


@guru which insurance would you advise I dive in? Trying a mixture of banking and insurance



I've said time and again, the insurer offering best long term value on the NSE is still Kenya re!
Mark 12:29
Deuteronomy 4:16
Ericsson
#66 Posted : Monday, May 13, 2013 12:41:29 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Co-op bank will report stellar results this year and might even overtake stanchart in terms of profitability to take the number 4 slot.
The bank has closed on the following deals in the real estate market as the project financier;
--Shujaa Mall along New kangundo rd where Nakumatt is the anchor tenant
---Zuri Center in Thika where Nakumatt Thika has already set shop
---Blue Bells Apartments in Syokimau/Mlolongo;a real estate project by Safaricom Sacco comprising of 180 3 bedroom and 120 2 bedroom apartments

In addition to the above the bank (Co-op Bank)has banked another project;
---Spring Valley Business Park being developed by Suraya properties where the bank will be the project financier
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
guru267
#67 Posted : Monday, May 13, 2013 12:52:57 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
Co-op bank will report stellar results this year and might even overtake stanchart in terms of profitability to take the number 4 slot.
The bank has closed on the following deals in the real estate market as the project financier;
--Shujaa Mall along New kangundo rd where Nakumatt is the anchor tenant
---Zuri Center in Thika where Nakumatt Thika has already set shop
---Blue Bells Apartments in Syokimau/Mlolongo;a real estate project by Safaricom Sacco comprising of 180 3 bedroom and 120 2 bedroom apartments

In addition to the above the bank (Co-op Bank)has banked another project;
---Spring Valley Business Park being developed by Suraya properties where the bank will be the project financier


And how do these deals compare to the deals that the top 3 banks have gotten so far??
Mark 12:29
Deuteronomy 4:16
Ericsson
#68 Posted : Monday, May 13, 2013 7:22:57 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@guru267:I have not heard any big deal in the real estate sector that the top 3 have banked so far.
The topic of discussion was how co-op will perform this year and whether their profit growth is sustainable.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#69 Posted : Monday, May 13, 2013 7:33:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
guru267;I've said time and again, the insurer offering best long term value on the NSE is still Kenya re!

I've said time and again, the insurer offering best long term value on the NSE is still Kenya Re then followed by CIC Insurance
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
guru267
#70 Posted : Monday, May 13, 2013 7:47:01 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
@guru267:I have not heard any big deal in the real estate sector that the top 3 have banked so far.
The topic of discussion was how co-op will perform this year and whether their profit growth is sustainable.


Yes but you made a claim that co op will overtake Stanchart which made me wonder whether or not you were privy to the deals Stanchart had made so as to arrive at this conclusion?
Mark 12:29
Deuteronomy 4:16
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