Wazua
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Co-op bank 1H 2014 pretax profit up 15%
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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http://mobile.reuters.co...0QJ0RG20140813?irpc=932 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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http://mobile.reuters.co...N0QJ0V520140813?irpc=932"Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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mlennyma wrote:http://mobile.reuters.com/article/article/idUSL6N0QJ0V520140813?irpc=932 Waiting for PAT.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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No gain in PAT 
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Member Joined: 11/1/2013 Posts: 257
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2014 H1 PAT 0.02%........COOP bank why dont you grow up like your brothers and sisters No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Not good 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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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Results not all that impressive, so the share price may remain suppressed at current levels or just slightly above
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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respectable set of results
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Wazuans... If you read some of my posts you would have figured out why the +15% PBT = +0% PAT Upon listing Coop Bank got a 5 year 'holiday' [well, a rebate] of 20% but now they have to pay 30%... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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VituVingiSana wrote:Wazuans...
If you read some of my posts you would have figured out why the +15% PBT = +0% PAT
Upon listing Coop Bank got a 5 year 'holiday' [well, a rebate] of 20% but now they have to pay 30%... also they bought the temenos realtime system from Switzerland at a cost of 1.2B. in addition to start up of over 10 new branches in last ten months! i repeat, respectable results
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Wazuans...
If you read some of my posts you would have figured out why the +15% PBT = +0% PAT
Upon listing Coop Bank got a 5 year 'holiday' [well, a rebate] of 20% but now they have to pay 30%... also they bought the temenos realtime system from Switzerland at a cost of 1.2B. in addition to start up of over 10 new branches in last ten months! i repeat, respectable results Chief, I am not saying the results are not good but trying to emphasize that the reason for the PAT (vs PBT) being flat has to do with the change in taxation levels not performance of the business. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Wazuans...
If you read some of my posts you would have figured out why the +15% PBT = +0% PAT
Upon listing Coop Bank got a 5 year 'holiday' [well, a rebate] of 20% but now they have to pay 30%... also they bought the temenos realtime system from Switzerland at a cost of 1.2B. in addition to start up of over 10 new branches in last ten months! i repeat, respectable results Chief, I am not saying the results are not good but trying to emphasize that the reason for the PAT (vs PBT) being flat has to do with the change in taxation levels not performance of the business. Can CIC HY performance be computed from this set of results?
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Wazuans...
If you read some of my posts you would have figured out why the +15% PBT = +0% PAT
Upon listing Coop Bank got a 5 year 'holiday' [well, a rebate] of 20% but now they have to pay 30%... also they bought the temenos realtime system from Switzerland at a cost of 1.2B. in addition to start up of over 10 new branches in last ten months! i repeat, respectable results Chief, I am not saying the results are not good but trying to emphasize that the reason for the PAT (vs PBT) being flat has to do with the change in taxation levels not performance of the business. i agree, murume
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/26/2012 Posts: 280
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Its not temenos that they bought. This one was from Misys. DOH
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Rank: Elder Joined: 6/23/2009 Posts: 13,552 Location: nairobi
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Bachuma Gate wrote:Its not temenos that they bought. This one was from Misys. my bad.. had left temenos at the bidding stage as being the leading firm.
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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obiero wrote:Bachuma Gate wrote:Its not temenos that they bought. This one was from Misys. my bad.. had left temenos at the bidding stage as being the leading firm. As per the management brief in Q1, they called the IT system - Bank Fusion Universal Banking-BFUB Well rounded growth in 'what makes a bank' items. Impressed too by the efficient deployment of investment capital without bloating the cost-to-income ratio much. Kudos. Mco-op Cash functionality is quite broad. All networks, saccos etc. Very interesting. As far as CIC is concerned the Q2 share of associate is quite telling. @Akenyan2014 Let's see.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Outlier News. <tutajua mbele> EAC states to formulate cooperatives law The Bill’s objective is to create a harmonised legislative framework that will facilitate co-operative societies to exploit their potential in the EAC region. The public hearings to be conducted in all the region’s member states including Kenya, Uganda, Rwanda, Tanzania and Burundi will later be handed to EALA Committee on Agriculture, Tourism and Natural Resources to compile the report. http://www.capitalfm.co....ulate-cooperatives-law/
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Co-op launches M-Shwari competitor Also, it seems more profitable to run Bancassurance for CIC via COOP. A slice of that 6B in CIC's premiums less claims (pure commissions) is a splendid proposition? 
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Co-op bank 1H 2014 pretax profit up 15%
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