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Coop Bank Q3 2013 PBT up 19%
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murchr
#21 Posted : Thursday, November 21, 2013 4:20:44 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
african coloner wrote:
PKoli wrote:
the deal wrote:
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


@ 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?


This has been my laggard in 2013..it doesn't feel the market at all
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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the deal
#22 Posted : Thursday, November 21, 2013 7:24:17 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Coop Bank is not a leader...rather its a follower...its peers KCB and Equity are always at the front line...the decision to form a JV with the South Sudanese government is just crap...Coop might not feel the impact now but they will when SS starts taking almost half of the profits....GoK is majority owner in NBK look where it is...i mean its position in the Kenyan banking sector food chain?

Those SS chaps recently devalued and then revalued their currency within 24hrs...

We are in a bull market...everything is going up...it can still go to Ksh21....but I highly doubt they will meet my FY estimate....

The IPO tax concessions expires this year...KRA will be taking some of that cash so EPS might not be good next year if the biz doesnt gain some serious traction.
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mufasa
#23 Posted : Thursday, November 21, 2013 8:56:27 AM
Rank: Member


Joined: 4/15/2008
Posts: 206
NBK seems to be gaining momentum, This can only mean that they are now taking back the GoK business from Co-Op. Former regime had favoured Co-Op but the tide has changed.
Given the fact that GoK owns 0% of Co-Op, they cannot behave as though they are Govt. They need to Step up to the likes of KCB, Equity.
As for NBK, the restructuring seems to be paying off. I am not sure the rights issue will work well in early 2014, maybe they should postpone to 3rd quarter of 2014
Do it today! Tomorrow is promise to no-one.
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Hunderwear
#24 Posted : Thursday, November 21, 2013 9:31:11 AM
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Joined: 4/14/2011
Posts: 639
What was the contribution of CIC to the profits?This will enable us calculate their(CIC) Q3 profits.
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mwanahisa
#25 Posted : Thursday, November 21, 2013 11:12:32 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Hunderwear wrote:
What was the contribution of CIC to the profits?This will enable us calculate their(CIC) Q3 profits.


Kshs 166,964K against 143,532K in for the comparable period in 2012.
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PKoli
#26 Posted : Thursday, November 21, 2013 3:45:44 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
mwanahisa wrote:
Hunderwear wrote:
What was the contribution of CIC to the profits?This will enable us calculate their(CIC) Q3 profits.


Kshs 166,964K against 143,532K in for the comparable period in 2012.


Not bad
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Gadaffi
#27 Posted : Thursday, November 21, 2013 6:54:15 PM
Rank: Member


Joined: 2/13/2011
Posts: 284
Location: Nairobi
mufasa wrote:
NBK seems to be gaining momentum, This can only mean that they are now taking back the GoK business from Co-Op. Former regime had favoured Co-Op but the tide has changed.
Given the fact that GoK owns 0% of Co-Op, they cannot behave as though they are Govt. They need to Step up to the likes of KCB, Equity.
As for NBK, the restructuring seems to be paying off. I am not sure the rights issue will work well in early 2014, maybe they should postpone to 3rd quarter of 2014

in total agreement about National Bank. This bank is now in business, its presence is now being felt in both its retal and business banking front.i expect Q4 to grow by at least 150%.
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