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Cooperative Bank versus Mumias.
mwala
#1 Posted : Monday, February 22, 2010 11:45:32 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
What is really driving coop bank, very steady at 9.60-9.90.At the same time i feel mumias is trading at a throw away price.Given that i bought coop at an average price of ksh 1.50,pre-IPO is it wise to move to mumias.or any other good buy u wazuerians think is better for both short term gains.
sparkly
#2 Posted : Monday, February 22, 2010 8:15:12 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@mwala i don't see why you shouldn't some profits on co-op. On what basis is MSC trading at a throw away price?
Life is short. Live passionately.
mwala
#3 Posted : Tuesday, February 23, 2010 5:29:39 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
i firmly believe that mumias is headed for goods year ahead.I expect the share to trade around 16 by the end of the year.The only thing why am in coop is because i am looking for a better stock
guru267
#4 Posted : Tuesday, February 23, 2010 5:36:44 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mwala i dont see why you should leave co-op to go to mumias.. mumias is valued at around 16 bob but you should remember that stocks rarely trade at their true value and mumias faces alot of risks and also that co-op shares are also very undervalued...

i think you should only sell a small amount to move into mumiaso or if you are really bullish on mumias then commit some new money for the transaction
Mark 12:29
Deuteronomy 4:16
2012
#5 Posted : Tuesday, February 23, 2010 6:43:12 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Honestly, I don't know where to even start comparing the two. They are both pushed by very different factors.

BBI will solve it
:)
mwala
#6 Posted : Tuesday, February 23, 2010 6:46:39 AM
Rank: Member

Joined: 9/22/2008
Posts: 79
@guru267,i can bet on my wife that coop is a snake when it comes to movement,the highest it can move is 12 bob by the end of the year,hail mumias
VituVingiSana
#7 Posted : Tuesday, February 23, 2010 7:06:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mwala wrote:
@guru267,i can bet on my wife that coop is a snake when it comes to movement,the highest it can move is 12 bob by the end of the year,hail mumias

That is still 20%... pretty good return...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
wasee
#8 Posted : Tuesday, February 23, 2010 7:49:06 AM
Rank: Member

Joined: 2/5/2010
Posts: 273
Location: NBI
I would proposes you buy both. Mumias for speculative purposes with the hope that there end of year financials will push its price up then buy co-op and keep it since it looks like a stable stock for long-term
mwala
#9 Posted : Tuesday, February 23, 2010 8:09:16 AM
Rank: Member

Joined: 9/22/2008
Posts: 79


That is still 20%... pretty good return...
[/quote]
Both counters are good,but i would have a comparative advantage of 10 to 20 percent yield from mumias by the year end
guru267
#10 Posted : Tuesday, February 23, 2010 9:23:05 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwala wrote:
@guru267,i can bet on my wife that coop is a snake when it comes to movement,the highest it can move is 12 bob by the end of the year,hail mumias



dont bet anything on your wife... co-op is a snake but i ask you one thing how much growth do you envisage for mumias exceept revenue growth from increased prices?????
Mark 12:29
Deuteronomy 4:16
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