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Coop Bank - Stocksmaster's 1st Play 2013
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Ericsson
#71 Posted : Monday, May 13, 2013 10:01:07 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@guru267;There is a difference between will and might.
Check my comment I said might.
The comment I stated was as below;

Co-op bank will report stellar results this year and might even overtake stanchart in terms of profitability to take the number 4 slot.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#72 Posted : Monday, May 13, 2013 12:48:16 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
What would be the target price by Dec 2013. I bought some at 17.50 and have seen the share come down and wondering whether to wait before buying more as my plan was to buy more
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Ericsson
#73 Posted : Monday, May 13, 2013 1:59:48 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Co-op bank will also have a branch at Spring Valley Business Park
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MaichBlack
#74 Posted : Wednesday, May 15, 2013 1:29:00 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
VituVingiSana wrote:
Well... Coop Bank might just see another Shs 25,000,000 in income/recoveries!
http://www.businessdailyafrica.com/Corporate-News/Court-orders-Erastus-Mureithi-to-refund-untaxed-pay/-/539550/1756386/-/152pfwi/-/index.html

This is what the wahenga meant when they said "usishindane na ndovu [ku-download]"

Mureithi pissed off the bank when he appeared on a Stanbic Advert!!! How does a sane former CEO of organization A appear on an advert for organization B which is in exactly the same business??? That has huge implications on what you are insinuating about organization A. Even without consulting you law books you should consult you common sense!!!

Some links from the past:

We are After You!!!

It's War!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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obiero
#75 Posted : Wednesday, May 15, 2013 8:57:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
heri wrote:
What would be the target price by Dec 2013. I bought some at 17.50 and have seen the share come down and wondering whether to wait before buying more as my plan was to buy more

@heri. relax. be a bit patient. KES 20 itafika without doubt by release of H1. their q on q run rates are enviable. all things held constant, this bank will soon topple both SCBK and BBK in profitability and in mid term even KCB will lag behind COOP! please note I hold both KCB and COOP in my portfolio..

KQ ABP 4.26
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obiero
#76 Posted : Wednesday, May 15, 2013 9:03:51 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
stocksmaster wrote:
With the market seeming to have divorced politics from its activities, it is high time i jumped back to this market.

My predictions about KCB hitting Ksh 40 before April 2013 (predicted about 7 months ago:(> 10 % Dividend Yield........my new yard stick in NSE stock picking) seem to have been spot on. I had however exited earlier, based on my cautionary approach regarding the elections. No regrets...... sometimes you have to forgo potential gains in order to preserve capital.

My 1st play for this year is Coop Bank. I have been accumulating it since the beginning of the week at about Ksh 15.

Coop Bank at todays price (Ksh 16.30) is trading at a P/E 8.86 (Compared to Equity - 10.2; KCB - 9.92).

It is also trading at a P/B of about 2.3 which is also lower than the two banks above. It is trading at cum dividend (Dividend of Ksh 0.50 for year ending Dec 2012 which was a 25% rise as compared to dividend for 2011)

Its ROE of about 26% is higher than the sector average of about 23%.

Its Profit after tax (PAT) for year ending Dec 2012 versus Dec 2011 was a rise of 43.7% (compared to Equity PAT 17%; KCB PAT 11%).

It has set a target of doubling its agency network in 2013 from 5,000 to 10,000 agents in Kenya.It is also set to start its South Sudan operations in April 2013 via a joint partnership with the Government of South Sudan. This is a very interesting partnership that should give coop bank a serious competitive advantage in that market.

My price target is a minimum of Ksh 20 once this elections are dusted (a 22% upside potential); and a 12 months target price of Ksh 27.50 based on an estimated EPS of Ksh 2.30 for year ending December 2013.

Happy Hunting.

Twitter:stocksmaster@stocksmaster79


KQ ABP 4.26
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mwekez@ji
#77 Posted : Wednesday, May 15, 2013 10:50:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@stocksmaster, calling for you comment on the Q1 2013 results released today
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guru267
#78 Posted : Wednesday, May 15, 2013 11:19:38 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
please note I hold both KCB and COOP in my portfolio..


@obiero if you wish to diversify... it may be better to keep off companies with similar risk factors! IMHO
Mark 12:29
Deuteronomy 4:16
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Ericsson
#79 Posted : Thursday, May 16, 2013 12:11:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@mwanahisa do u now see Co-op bank posting stellar results greater than 25%.Already comments are coming out that Co-op will overtake Stanchart and Barclays in terms of profitability.
The bank is now in the number five position in the mortgage sector after KCB,Housing Finance,CFCStanbic and Stanchart.
Its synergy with CIC will also yield it alot of benefits
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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stocksmaster
#80 Posted : Thursday, May 16, 2013 3:49:07 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
mwekez@ji wrote:
@stocksmaster, calling for you comment on the Q1 2013 results released today


Will post my analysis on the Coop share (and other banking stocks of interest)tomorrow.

Happy Hunting.
x handle: @stocksmaster79
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