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Co-operative Bank FY14 results earnings -0.8%
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Ericsson
#1 Posted : Wednesday, March 18, 2015 9:49:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Co-operative Bank 2014 FY

Profit Before Tax ksh.11.987bn
Exceptional items-Early Retirement Costs--ksh.1.342bn
Exceptional items-Share of profit of associate--sh.270.976mn
Profit before tax--10.916bn
Profit after Tax---sh.8.014bn
Dividend per share--0.50


Link http://bit.ly/1GVbXdX
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#2 Posted : Wednesday, March 18, 2015 9:50:40 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Lousy results PBT up 0.5%
possunt quia posse videntur
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Bachuma Gate
#3 Posted : Wednesday, March 18, 2015 9:51:54 AM
Rank: Member


Joined: 3/26/2012
Posts: 280
maka wrote:
Lousy results PBT up 0.5%

PBT 10.92B
DOH
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mlennyma
#4 Posted : Wednesday, March 18, 2015 10:18:50 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
New ideas needed, otherwise I think profit growth has topped.
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#5 Posted : Wednesday, March 18, 2015 12:55:17 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Profit for the bank was higher than that for the group.
It seems the subsidiary is yet to break even.
Good growth in loans and advances but however the loan to deposit is thinning out.
Bank needs to grow more customer deposits.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#6 Posted : Wednesday, March 18, 2015 1:03:44 PM
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Joined: 12/7/2012
Posts: 11,908
That is what happens when you have MD retire & moved to contract.... Ideas gone!!!! Past sell by date.
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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madebe
#7 Posted : Wednesday, March 18, 2015 1:06:23 PM
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Joined: 10/7/2010
Posts: 251
Location: nairobi
Hi all,, anybody with the investor presentation???this is the only document that will help....eg has the tax rate for newly listed company expired??
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Boris Boyka
#8 Posted : Wednesday, March 18, 2015 1:32:22 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
PAT DOWN 12%
www.businessdailyafrica....8/-/viywurz/-/index.html
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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murchr
#9 Posted : Wednesday, March 18, 2015 2:04:03 PM
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Joined: 2/26/2012
Posts: 15,980
Expected...........very poor show
"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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joejuma
#10 Posted : Wednesday, March 18, 2015 3:01:27 PM
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Joined: 2/8/2015
Posts: 14
Location: masaku
as predicted
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innovator
#11 Posted : Wednesday, March 18, 2015 8:04:33 PM
Rank: Member


Joined: 7/24/2010
Posts: 236
Location: nairobi
Where has this bank been taking it earnings, meager dividends, exposing the shareholders to dilution by bonus shares and nothing to show when compared to peers. Bure kabisa.
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Angelica _ann
#12 Posted : Wednesday, March 18, 2015 8:17:30 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
One man influence. Cc. Centum.
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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Ericsson
#13 Posted : Wednesday, March 18, 2015 8:31:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Kenya's coop bank sees 30% profit jump in 2015 after job cuts
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#14 Posted : Wednesday, March 18, 2015 8:37:30 PM
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Joined: 11/15/2013
Posts: 1,977
Location: Here
Angelica _ann wrote:
One man influence. Cc. Centum.

Negative...Senility i would say. why is JM and Memba doing well if not better
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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ike
#15 Posted : Wednesday, March 18, 2015 8:55:41 PM
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Joined: 7/2/2014
Posts: 123
Ericsson wrote:
Kenya's coop bank sees 30% profit jump in 2015 after job cuts

Thanks for the insight. They said they expect to save at least 500m due to reduced salary overhead.
,
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The optimist
#16 Posted : Thursday, March 19, 2015 5:42:07 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
Ericsson wrote:
Co-operative Bank 2014 FY

Profit Before Tax ksh.11.987bn
Exceptional items-Early Retirement Costs--ksh.1.342bn
Exceptional items-Share of profit of associate--sh.270.976mn
Profit before tax--10.916bn
Profit after Tax---sh.8.014bn
Dividend per share--0.50


Link http://bit.ly/1GVbXdX


Boris Boyka wrote:
PAT DOWN 12%
www.businessdailyafrica....8/-/viywurz/-/index.html


12% down on PAT it is.
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Ericsson
#17 Posted : Thursday, March 19, 2015 9:57:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Vaell and coop bank sign 1bn deal for police vehicle leasing project
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#18 Posted : Saturday, March 28, 2015 4:10:01 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
the Star wrote:
A freelance journalist has sued the Cooperative Bank of Kenya accusing senior managers of hoarding some of the bank's shares.

In a public interest suit, Kenneth Gitobu says he is a shareholder of the bank but questions why class A shares, which he claims constitute 65 percent of the Bank's shareholding, are never traded at the Nairobi Securities Exchange. The journalist now wants the court to order the class A shares to be traded and the alleged owners compelled to compensate other shareholders for 'losses' incurred since the 2008 initial public offer.

Gitobu has sued the CEO Gideon Muriuki, Stanley Muchiri among others. He says that he sought an explanation from Muriuki on the issue of Class A shares and was allegedly informed that the said shares failed to raise enough capital for the expansion of the bank.



"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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mlennyma
#19 Posted : Saturday, March 28, 2015 10:45:58 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
murchr wrote:
the Star wrote:
A freelance journalist has sued the Cooperative Bank of Kenya accusing senior managers of hoarding some of the bank's shares.

In a public interest suit, Kenneth Gitobu says he is a shareholder of the bank but questions why class A shares, which he claims constitute 65 percent of the Bank's shareholding, are never traded at the Nairobi Securities Exchange. The journalist now wants the court to order the class A shares to be traded and the alleged owners compelled to compensate other shareholders for 'losses' incurred since the 2008 initial public offer.

Gitobu has sued the CEO Gideon Muriuki, Stanley Muchiri among others. He says that he sought an explanation from Muriuki on the issue of Class A shares and was allegedly informed that the said shares failed to raise enough capital for the expansion of the bank.




if the facts are true,there is a case to answerSad
"Don't let the fear of losing be greater than the excitement of winning."
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jerry
#20 Posted : Saturday, March 28, 2015 11:05:11 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Ericsson wrote:
Profit for the bank was higher than that for the group.
It seems the subsidiary is yet to break even.
Good growth in loans and advances but however the loan to deposit is thinning out.
Bank needs to grow more customer deposits.

Does this mean we need more deposits?
The opposite of courage is not cowardice, it's conformity.
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