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COOP Bank FY results 2013 profit BT up 9%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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COOP Bank FY 2013 results The rhetoric begins... cooperative movement in Kenya largest in Africa, accounts for 25% of total business etc. And Nation live feed fails as usual http://www.nation.co.ke/video/-...80/-/25ky4x/-/index.htmlSterlingCapitalLtd @SterlingNairobi @Coopbankenya results kick off at the Hilton with a prayer.
@Coopbankenya account base of 4.1mn. Cross selling opportunities since 76% have only 1 account
@Coopbankenya branch network now has 134 branches, 4 mn customer accounts; Agencies 7099, 1.32mn in MBanking, 631k under saccos.
@Coopbankenya South Sudan subsidiary launched in 2013 with 51% shareholding. 3.2mn dollar loss recorded in 2013.
@Coopbankenya Loan Book +15% to 137.1bn, NPL ratio at 4.3% frm 5%, Liquidity 32.6% frm 35.5%, PBT +9% to 10.87B, PAT +18% to 9.11B, EPS 2.19
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Judging by the 0.50 dividend and 1:6 bonus, share price may have some upward thrust.
Still the cheapest large-tier bank at the moment at a P/E of 8.72
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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So cic and cop bank decided to reward shareholders with bonuses??good gesture "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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I bought Coop shares in Sept & Oct 2013. I'm I eligible for the 0.5sh/share dividend & bonus? Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 1/16/2014 Posts: 114
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bird_man wrote:I bought Coop shares in Sept & Oct 2013.
I'm I eligible for the 0.5sh/share dividend & bonus? The book are still open even if you bought them today you would still be eligible, they will remain open till a certain day when the books will be closed for payments. am still looking for a copy of the results so I don't have the actual dates. fear makes people live a miserable life.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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@muganda,
Do the bonus shares qualify for dividends?
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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PKoli wrote:@muganda,
Do the bonus shares qualify for dividends? not sure ,probably not just as cic
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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No dividend on bonus share bwana,they were not there during the trading period. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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mlennyma wrote:No dividend on bonus share bwana,they were not there during the trading period. Clearly you have not been in this business for long to realise that in some counters, like EABL, bonus shares always qualify for dividends. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Member Joined: 1/14/2014 Posts: 178
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History as for once Coop is on top of the pack. I should have been more patient on this counter but may re-enter later in the year as the price comes down after the bonus issue. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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Talk of double portion..These two babies(CIC&Co-op) are giving me a reason to smile  ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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my baby! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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guru267 wrote:my baby! Its our time to eat. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: New-farer Joined: 2/26/2012 Posts: 25 Location: moscow na muranga
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bird_man wrote:I bought Coop shares in Sept & Oct 2013.
I'm I eligible for the 0.5sh/share dividend & bonus? hehehe,that must be a joke from a veteran, anyway you entitled if your are still holding shares and will not sell before book closure datechasing after the wind
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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The driver of this bus used to be one @obiero. Did he alight prematurely like he did with HF? IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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PKoli wrote:@muganda,
Do the bonus shares qualify for dividends? Book closure date for dividend 29-May-14. Book closure for bonus on 13-Jun-14. Evidently, it will not apply to bonus shares. I see deposits grew about 8% and loans to customers about 15%. Staff costs grew a surprising 31% while Loan loss provision declined 22%. Total comprehensive income wnet down due to negative fair value changes in available-for-sale financial assets. Results http://ge.tt/73wPrwR1
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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muganda wrote:PKoli wrote:@muganda,
Do the bonus shares qualify for dividends? Book closure date for dividend 29-May-14. Book closure for bonus on 13-Jun-14. Evidently, it will not apply to bonus shares. I see deposits grew about 8% and loans to customers about 15%. Staff costs grew a surprising 31% while Loan loss provision declined 22%. Total comprehensive income wnet down due to negative fair value changes in available-for-sale financial assets. Results http://ge.tt/73wPrwR1 Thanks for the info. The results are fair in my opinion. Was the increase in staff costs due to startup costs for South Sudan?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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PKoli wrote:muganda wrote:PKoli wrote:@muganda,
Do the bonus shares qualify for dividends? Book closure date for dividend 29-May-14. Book closure for bonus on 13-Jun-14. Evidently, it will not apply to bonus shares. I see deposits grew about 8% and loans to customers about 15%. Staff costs grew a surprising 31% while Loan loss provision declined 22%. Total comprehensive income wnet down due to negative fair value changes in available-for-sale financial assets. Results http://ge.tt/73wPrwR1 Thanks for the info. The results are fair in my opinion. Was the increase in staff costs due to startup costs for South Sudan? And local expnasion of openning new branches goes with new staff. Fair! where is @obiero with claims of cooking? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I'm waiting for a certain wazuan to come and tell has he has discovered a small crack on his crystal ball...    Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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Angelica _ann wrote:
....where is @obiero with claims of cooking?
He alighted too soon. He now must be counting his forfeited capital gains. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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COOP Bank FY results 2013 profit BT up 9%
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