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Coop Bank - Stocksmaster's 1st Play 2013
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bartum
#121 Posted : Sunday, June 02, 2013 8:18:48 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
jerry wrote:
bartum wrote:
MoneyMonger wrote:
bartum wrote:
Realtreaty wrote:
Both the Cooperative and Equity bank depend on the lower masses for business. Equity IPO was @70 Kes while Co-op ws at 9 Kes. Equity has expanded almost to 900% while Co-op has touched 100%. The wonder is how did the Equity do it that Co-op has not done? Will it ever hit the 50+ Kes? When?

coop was at 1.00 for soo many yrs,thus compared to today price it is about 2000%


@bartum, really? 1.00/=? I dont remember this

yes from
1995-2007got them

Talking of pe-pre-pre- Yes! pre-IPO. All shares start there ie @1/=.

1 share was costing ksh100.this 1 share was split 100 times whicj now costs 18 bob
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jerry
#122 Posted : Sunday, June 02, 2013 10:45:51 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
bartum wrote:
jerry wrote:
bartum wrote:
MoneyMonger wrote:
bartum wrote:
Realtreaty wrote:
Both the Cooperative and Equity bank depend on the lower masses for business. Equity IPO was @70 Kes while Co-op ws at 9 Kes. Equity has expanded almost to 900% while Co-op has touched 100%. The wonder is how did the Equity do it that Co-op has not done? Will it ever hit the 50+ Kes? When?

coop was at 1.00 for soo many yrs,thus compared to today price it is about 2000%


@bartum, really? 1.00/=? I dont remember this

yes from
1995-2007got them

Talking of pe-pre-pre- Yes! pre-IPO. All shares start there ie @1/=.

1 share was costing ksh100.this 1 share was split 100 times whicj now costs 18 bob

I remember Co-op shares going for 20/= just b4 IPO and were split 20 times. At IPO price of 9/= this was like 800% gain!! At 18/= it's better than EB¡
The opposite of courage is not cowardice, it's conformity.
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mwekez@ji
#123 Posted : Monday, June 03, 2013 10:21:35 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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stocksmaster
#124 Posted : Monday, June 10, 2013 5:54:24 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
stocksmaster wrote:
stocksmaster wrote:
The recent cabinet appointments have brought in two former bank CEOs making it unlikely for radical cabinet policy decisions that may rock the banking sector.

The Executive is also heavily invested in banking and would not create an unfavorable environment for banks. These highlights the banking sector as one of the sectors to watch at least for the next 5 years.

The following Banking stocks are worth a closer focus:

1. COOP BANK

EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.

Its merits as I indicated in post no.1 of this thread support my BUY recommendation on this share.

The share is also trading cum dividend (Dividend of Ksh 0.50) until 23rd of May. It will be interesting to see whether the share can touch the Ksh 18 price before books close next week Thursday.

In the next 3 months and as the Tier 1 banks trailing P/E approaches 11; the share price for Coop Bank should approach the Ksh 20 price especially if the half year earnings are as positive as the Q1 results.

My price target (next 10 months) is a price of Ksh 28.00 (65% upside potential) based on an estimated EPS of Ksh 2.70 for year ending December 2013 (The Q1 2013 EPS OF Ksh 0.62 supports my revised estimated EPS of 2.70 for the full year).

2. EQUITY BANK

The EPS of Ksh 0.87 for Q1 2013 was a 21.9% y/y increase.
The banks’ loan book is expected to rise over the remaining part of the year based on more stable macroeconomic conditions.

The bank has a ROE of 29.5% against a sector average of 26.3% (KCB ROE is 23%)
My price target for Equity Bank over the next 12 months is Ksh 48 (EPS of Ksh 4, at a P/E of 12).

3. CFC STANBIC BANK

Despite the poor ROE of 11%, it is currently trading at a P/E of 7.90 (if you factor in the rights issue shares).

It is a share that am holding purely as a short term speculative play awaiting the Q1 2013 results which if they mirror that of the other tier 1 banks, may easily push the share price to the Ksh 70 levels.

Short term Exit Price: Ksh 70

Happy Hunting.


CFC has wonderfully surprised........a 12 months target price of Ksh 100 is in order based on a 2013 EPS of about Ksh 11 and a P/E of about 9.

Happy Hunting.


The march to Ksh 100 for CFC Stanbic has began. It hit Ksh 70 today with the next short term target being Ksh 80 before the half year results are announced in the next two months.

Happy Hunting.

Twitter:stocksmaster@stocksmaster79
x handle: @stocksmaster79
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  | | Edit by user: Monday, June 10, 2013 5:55 PM | Reason: Not specified
Fyatu
#125 Posted : Tuesday, June 11, 2013 8:50:21 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
stocksmaster wrote:
stocksmaster wrote:
stocksmaster wrote:
The recent cabinet appointments have brought in two former bank CEOs making it unlikely for radical cabinet policy decisions that may rock the banking sector.

The Executive is also heavily invested in banking and would not create an unfavorable environment for banks. These highlights the banking sector as one of the sectors to watch at least for the next 5 years.

The following Banking stocks are worth a closer focus:

1. COOP BANK

EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.

Its merits as I indicated in post no.1 of this thread support my BUY recommendation on this share.

The share is also trading cum dividend (Dividend of Ksh 0.50) until 23rd of May. It will be interesting to see whether the share can touch the Ksh 18 price before books close next week Thursday.

In the next 3 months and as the Tier 1 banks trailing P/E approaches 11; the share price for Coop Bank should approach the Ksh 20 price especially if the half year earnings are as positive as the Q1 results.

My price target (next 10 months) is a price of Ksh 28.00 (65% upside potential) based on an estimated EPS of Ksh 2.70 for year ending December 2013 (The Q1 2013 EPS OF Ksh 0.62 supports my revised estimated EPS of 2.70 for the full year).

2. EQUITY BANK

The EPS of Ksh 0.87 for Q1 2013 was a 21.9% y/y increase.
The banks’ loan book is expected to rise over the remaining part of the year based on more stable macroeconomic conditions.

The bank has a ROE of 29.5% against a sector average of 26.3% (KCB ROE is 23%)
My price target for Equity Bank over the next 12 months is Ksh 48 (EPS of Ksh 4, at a P/E of 12).

3. CFC STANBIC BANK

Despite the poor ROE of 11%, it is currently trading at a P/E of 7.90 (if you factor in the rights issue shares).

It is a share that am holding purely as a short term speculative play awaiting the Q1 2013 results which if they mirror that of the other tier 1 banks, may easily push the share price to the Ksh 70 levels.

Short term Exit Price: Ksh 70

Happy Hunting.


CFC has wonderfully surprised........a 12 months target price of Ksh 100 is in order based on a 2013 EPS of about Ksh 11 and a P/E of about 9.

Happy Hunting.


The march to Ksh 100 for CFC Stanbic has began. It hit Ksh 70 today with the next short term target being Ksh 80 before the half year results are announced in the next two months.

Happy Hunting.

Twitter:stocksmaster@stocksmaster79


Waiting for the CO-OP lally kwa hamu na gamu
Dumb money becomes dumb only when it listens to smart money
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mwekez@ji
#126 Posted : Tuesday, June 11, 2013 11:09:33 AM
Rank: Chief

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


#Coop at top 3 and eying up
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  | | Edit by user: Tuesday, June 11, 2013 11:35 AM | Reason: Not specified
mwekez@ji
#127 Posted : Tuesday, June 11, 2013 11:13:37 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Co-op Bank to open 30 branches by year end

The bank’s managing director, Mr Gideon Muriuki, said the bank’s model built around the co-operative movement has forced it to open the branches to serve the growing number of co-operatives and tap into the anticipated increase in economic activities at the counties.

Saccos have been registering a growth of 20 per cent per year, and reached 12,000 by end of 2012. This will bring the total branch network to 150 branches, he said.

The bank expects to have branches in all counties by year-end, having acquired the majority of county bank accounts.
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  | | Edit by user: Tuesday, June 11, 2013 11:36 AM | Reason: Not specified
Ilikeyou
#128 Posted : Tuesday, June 11, 2013 4:37:18 PM
Rank: Member

Joined: 11/21/2007
Posts: 152
Location: Nairobi
Fyatu wrote:
stocksmaster wrote:
stocksmaster wrote:
stocksmaster wrote:
The recent cabinet appointments have brought in two former bank CEOs making it unlikely for radical cabinet policy decisions that may rock the banking sector.

The Executive is also heavily invested in banking and would not create an unfavorable environment for banks. These highlights the banking sector as one of the sectors to watch at least for the next 5 years.

The following Banking stocks are worth a closer focus:

1. COOP BANK

EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.

Its merits as I indicated in post no.1 of this thread support my BUY recommendation on this share.

The share is also trading cum dividend (Dividend of Ksh 0.50) until 23rd of May. It will be interesting to see whether the share can touch the Ksh 18 price before books close next week Thursday.

In the next 3 months and as the Tier 1 banks trailing P/E approaches 11; the share price for Coop Bank should approach the Ksh 20 price especially if the half year earnings are as positive as the Q1 results.

My price target (next 10 months) is a price of Ksh 28.00 (65% upside potential) based on an estimated EPS of Ksh 2.70 for year ending December 2013 (The Q1 2013 EPS OF Ksh 0.62 supports my revised estimated EPS of 2.70 for the full year).

2. EQUITY BANK

The EPS of Ksh 0.87 for Q1 2013 was a 21.9% y/y increase.
The banks’ loan book is expected to rise over the remaining part of the year based on more stable macroeconomic conditions.

The bank has a ROE of 29.5% against a sector average of 26.3% (KCB ROE is 23%)
My price target for Equity Bank over the next 12 months is Ksh 48 (EPS of Ksh 4, at a P/E of 12).

3. CFC STANBIC BANK

Despite the poor ROE of 11%, it is currently trading at a P/E of 7.90 (if you factor in the rights issue shares).

It is a share that am holding purely as a short term speculative play awaiting the Q1 2013 results which if they mirror that of the other tier 1 banks, may easily push the share price to the Ksh 70 levels.

Short term Exit Price: Ksh 70

Happy Hunting.


CFC has wonderfully surprised........a 12 months target price of Ksh 100 is in order based on a 2013 EPS of about Ksh 11 and a P/E of about 9.

Happy Hunting.


The march to Ksh 100 for CFC Stanbic has began. It hit Ksh 70 today with the next short term target being Ksh 80 before the half year results are announced in the next two months.

Happy Hunting.

Twitter:stocksmaster@stocksmaster79


Waiting for the CO-OP lally kwa hamu na gamu

Iam comfortably on board Co-op bank.
When did u say is the start of the rally.
I hope it will follow it peers and hit Sh.28 as per @stockmaster technical analysis.
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Fyatu
#129 Posted : Wednesday, June 12, 2013 11:05:31 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
will this deal ever materialize???http://www.coastweek.com/3623_20.htm
Dumb money becomes dumb only when it listens to smart money
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MoneyMonger
#130 Posted : Wednesday, June 12, 2013 11:08:45 AM
Rank: Member

Joined: 4/25/2012
Posts: 110
Fyatu wrote:
will this deal ever materialize???http://www.coastweek.com/3623_20.htm



It is in place already.
There is nothing as dangerous as an Idea, when there is only one Idea
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