Wazua
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Coop Bank Q3 2013 PBT up 19%
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 3/20/2008 Posts: 503
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mwekez@ji wrote:PAT up 17.3% This is less than Obiero's 9.6BN guesstimate. Still a PAT of 7bn isn't so bad
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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Customer deposits up 15% to 180b Loans and advances to Customers up 13% to 134b Loan loss provision up 6% to 800m
Net Interest Income +23% Non Funded Income +16%
Operating Expenses +23% Profit before tax +19%
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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muganda wrote:Customer deposits up 15% to 180b Loans and advances to Customers up 13% to 134b Loan loss provision up 6% to 800m
Net Interest Income +23% Non Funded Income +16%
Operating Expenses +23% Profit before tax +19%
That is good results for Coop. Any exceptional capex expenditure?
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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PKoli wrote:That is good results for Coop. Any exceptional capex expenditure? Between 30-Sep-12 and 31-Dec-2012, there was an extra 1.6bn on intangible assets, was this explained FY 2012 results?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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muganda wrote:Customer deposits up 15% to 180b Loans and advances to Customers up 13% to 134b Loan loss provision up 6% to 800m
Net Interest Income +23% Non Funded Income +16%
Operating Expenses +23% Profit before tax +19%
Market seeps unsatisfied with Coop's Q3 results. I was expecting the share to reach 19 today
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Rank: Elder Joined: 12/4/2009 Posts: 10,777 Location: NAIROBI
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Copy of the results anyone with them Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Ericsson wrote:Copy of the results anyone with them I got them through my email.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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PKoli wrote:muganda wrote:Customer deposits up 15% to 180b Loans and advances to Customers up 13% to 134b Loan loss provision up 6% to 800m
Net Interest Income +23% Non Funded Income +16%
Operating Expenses +23% Profit before tax +19%
Market seeps unsatisfied with Coop's Q3 results. I was expecting the share to reach 19 today @PKoli i also thought so. nway vision 2015 Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Ericsson wrote:Copy of the results anyone with them I got them through my email.
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Rank: Member Joined: 1/21/2013 Posts: 427
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Wapi Obiero?? or he is still in shock
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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Results http://www.filedropper.com/co-o...bank-thirdquarterresultsIn way of explaining the 1.6bn increase in Intangible assets year on year from their last annual report: (a) Computer software licences Software has a maximum expected useful life of 5 years. (b) Other intangible assets Other intangible assets consist of Nairobi Stock Exchange (NSE) seat. Also Capital work-in-progress represents on-going construction work at the various branches of the Bank.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I must say the result are impressive especially when you factor in Sudan which they started operating just last month.The partnership with the government will make it a powerhouse in Sudan. '......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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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Q3 2013 PBT before exceptional items of Ksh8.7Bn is just inline with my estimate of Ksh8.6Bn so no surprise really read more here http://www.contrarianinv...-but-is-it-out-of-sight
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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A lot of optimism in the market... but then again, optimism takes you further than pessimism in the high tide. Not sure between optimism and realism which one wins out in the end.
Verdict from Kestrel Capital:
The bank trades at a trailing P/E, P/B and Div Yield of 10.7x, 2.2x and 2.8% compared to an average of 10.6x, 2.4x and 3.4% respectively for Equity Bank and KCB Bank. We maintain our BUY recommendation on the counter with a target price of KES 21.50 representing a 19.8% upside to current market price of KES 17.95.
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Rank: Elder Joined: 6/23/2009 Posts: 13,754 Location: nairobi
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timuka wrote:Wapi Obiero?? or he is still in shock Haha. No shock. Obiero yupo! I still retain my shares. Results some way below my estimates but still respectable COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 8/16/2011 Posts: 2,353
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Its on the deck and going up. We still have time before March Next year when final results will be tangible at 18% push the capital gain and dividend up. A dividend of 60 cts at a price of 25 coming soon.
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Rank: Elder Joined: 6/23/2009 Posts: 13,754 Location: nairobi
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www.businessdailyafrica....70/-/18b58h/-/index.html COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@ the Deal, Great analysis. With SS and improved CTI, I see growing at double digits in the short term. Reasonable p/e of 12 implies a price target of about 25 should be archived soon.
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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PKoli wrote:@ the Deal, Great analysis. With SS and improved CTI, I see growing at double digits in the short term. Reasonable p/e of 12 implies a price target of about 25 should be archived soon. why the share price never rice even after that huge profit? Does it means its overpriced?
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Coop Bank Q3 2013 PBT up 19%
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