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Coop Bank - Stocksmaster's 1st Play 2013
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VituVingiSana
#481 Posted : Tuesday, November 25, 2014 6:48:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
VituVingiSana wrote:
@obiero ... When were City Trust shares ever manipulated? There was value not recognized by many. Did you know City Trust was a major owner of I&M Bank shares? Buying City Trust was similar to buying I&M Bank shares? And City Trust told the shareholders that every year [back as far as I remember] and those who were patient, harvested. BTW, the chairman of City Trust was a 50% owner of City Trust shares. He never sold his shares as long as City Trust was City Trust.

Now compare that to my travails with KQ. Useless buggers [board and management] who had few shares [0.01% or less] were playing with fire to expand the airline [debt] and failing miserably. Losses in 2012-13 and 2013-14 (& wait for 2014-15 HY] wiped out profits made since Titus [zero shares in KQ] took over.

Give me another City Trust any day!

I am no prophet but... this did not require great forecasting skills on my part either!

Retrieve the cartoon for City Trust from the year 2006 upto its change to I&M, post it here and then lets discuss

Why? What's the point?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#482 Posted : Wednesday, November 26, 2014 9:43:20 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Is there a worse 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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obiero
#483 Posted : Thursday, January 22, 2015 6:33:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,909
Location: nairobi
obiero wrote:
Goldilocks Reloaded wrote:
Goldilocks Reloaded wrote:
obiero wrote:
await the results and sell immediately after


@Obiero what makes you put Britam in the same basket as MSC, Express, Olympia etc.? However i agree on selling off Coop soon after results. One can get serious ulcers waiting for it to crawl up


Oh and i forgot to say... helllooo. Admired Wazua for a lil while decided to dig in

hello. Britam is on the list for same reason as transcentury

Mumias sugar was blacklisted by the prophet, long ago..

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#484 Posted : Friday, January 23, 2015 9:29:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
Rwanda is in search for an investor to setup a cooperative bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#485 Posted : Wednesday, April 29, 2015 8:51:14 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,909
Location: nairobi
the deal wrote:
mwekez@ji wrote:
the deal wrote:

Whats the point then of posting Q1 2013 figures instead of the latest ones?


My bad ... Coop ranking retained in 1H13. ... As said by @obiero, time is coming when COOP will be at top 2, only after Equity

The question is not retaining number 3...its passing KCB....

Bank. H1 2013 PAT

1. KCB----------------> Ksh7.2Bn
2. Equity Bank-----> Ksh6.3Bn
3. Coop--------------> Ksh4.7Bn


A Ksh2.5Bn gap between no1 and no 3!!!! If anything Coop is more closer to catching EB than KCB....men lie...numbers dont lie!

In terms of net profit Equity is already number one. King of the jungle is bleeding from wounds in South Sudan and now Burundi.. The prophet spoke in 2013 and said in three years we shall see EQTY, COOP & KCB as top three. 2016 net profit beckons. Soaring Eagle :)

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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obiero
#486 Posted : Friday, May 29, 2015 10:04:00 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,909
Location: nairobi
obiero wrote:
the deal wrote:
mwekez@ji wrote:
the deal wrote:

Whats the point then of posting Q1 2013 figures instead of the latest ones?


My bad ... Coop ranking retained in 1H13. ... As said by @obiero, time is coming when COOP will be at top 2, only after Equity

The question is not retaining number 3...its passing KCB....

Bank. H1 2013 PAT

1. KCB----------------> Ksh7.2Bn
2. Equity Bank-----> Ksh6.3Bn
3. Coop--------------> Ksh4.7Bn


A Ksh2.5Bn gap between no1 and no 3!!!! If anything Coop is more closer to catching EB than KCB....men lie...numbers dont lie!

In terms of net profit Equity is already number one. King of the jungle is bleeding from wounds in South Sudan and now Burundi.. The prophet spoke in 2013 and said in three years we shall see EQTY, COOP & KCB as top three. 2016 net profit beckons. Soaring Eagle :)

At the bar, just been informed that Coop Bank inked as main lender in 60billion two river project by Centum.. Do they even have such capacity for as set by single borrower limits.. Anyway, im happy as a shareholder..

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Ericsson
#487 Posted : Sunday, May 31, 2015 8:17:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
@Obiero;
The lending is in tranches and at different levels of the project.
So far coop has lent out ksh.10bn to centum in total but at a particular time the loan is about sh.6-7bn if you exclude repayments centum has made so far.
Centum also would not be in a position to repay ksh.60bn at a single time.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#488 Posted : Sunday, May 31, 2015 11:46:37 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,909
Location: nairobi
Ericsson wrote:
@Obiero;
The lending is in tranches and at different levels of the project.
So far coop has lent out ksh.10bn to centum in total but at a particular time the loan is about sh.6-7bn if you exclude repayments centum has made so far.
Centum also would not be in a position to repay ksh.60bn at a single time.


COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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obiero
#489 Posted : Sunday, May 31, 2015 12:38:47 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,909
Location: nairobi
Ericsson wrote:
@Obiero;
The lending is in tranches and at different levels of the project.
So far coop has lent out ksh.10bn to centum in total but at a particular time the loan is about sh.6-7bn if you exclude repayments centum has made so far.
Centum also would not be in a position to repay ksh.60bn at a single time.

Centum is a sound firm.. I like their aggressiveness. The share may return to KES 500 per share at some point

COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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sparkly
#490 Posted : Sunday, May 31, 2015 5:38:59 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@StocksMaster what is your strategy in this bleeding market?

Talk to your disciples.
Life is short. Live passionately.
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S.Mutaga III
#491 Posted : Sunday, May 31, 2015 7:52:25 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
sparkly wrote:
@StocksMaster what is your strategy in this bleeding market?

Talk to your disciples.


You remind me of the lost sheep
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Ericsson
#492 Posted : Monday, June 01, 2015 11:56:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
@Obiero
Centum at 500 per share not anytime soon in the next 5 years.That will be giving it a market cap of ksh.335bn.
Aii
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#493 Posted : Tuesday, June 02, 2015 12:29:18 PM
Rank: Member


Joined: 2/20/2015
Posts: 467
Location: Nairobi
Walked into a Coop bank to deposit cash this morning and they have gotten rid of deposit tellers. You fill in a deposit slip and put the money + deposit slip in a sealed paper bag and drop them into a box.

Looks like a McKinsey cost cutting reform but not sure how it will work out.
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Chaka
#494 Posted : Tuesday, June 02, 2015 1:17:20 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
kawi254 wrote:
Walked into a Coop bank to deposit cash this morning and they have gotten rid of deposit tellers. You fill in a deposit slip and put the money + deposit slip in a sealed paper bag and drop them into a box.

Looks like a McKinsey cost cutting reform but not sure how it will work out.

What do you get as proof of deposit or you trust the bank to post the deposit slip later?
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MaichBlack
#495 Posted : Tuesday, June 02, 2015 1:24:00 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,644
kawi254 wrote:
Walked into a Coop bank to deposit cash this morning and they have gotten rid of deposit tellers. You fill in a deposit slip and put the money + deposit slip in a sealed paper bag and drop them into a box.

Looks like a McKinsey cost cutting reform but not sure how it will work out.

I understand they have implemented that in some branches, not all. Apparently they later send you a confirmation sms.

My question is, what if I am depositing something like school fees and I need the deposit slip for onward forwarding to the school?? Some schools don't have interlinked systems with the bank. You have to take the deposit slip to the school as proof of payment. Utafanya nini???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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streetwise
#496 Posted : Tuesday, June 02, 2015 1:32:32 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Find another bank
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Ericsson
#497 Posted : Tuesday, June 02, 2015 1:34:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,790
Location: NAIROBI
That is what we call lack of ideas in growing profits.
Maichblack has raised a very valid point.
A bank should grow profits through loaning out more money or products to its customers.
This bank needs visionary management to let customers enjoy more and more of their products.
And that's where KCB and Equity Bank beat coop;loans too pricey.
Last year co-op lost a lot of customers because of poor service;what is Gideon doing to bring them back.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#498 Posted : Tuesday, June 02, 2015 1:46:31 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
I posted that long ago. seems many haven't used it. It began at Tomboya branch..After some weeks,staff from other branches came in understudy from where they were sent to respective regions/branches to teach to their colleagues. slip worry? Dont worry.
While depositing cash or cheque you fill deposit slip in duplicate first. Include your Mobile no. and email on slip
Write acc no on back if cheque.
Take deposit slip and pass through a machine thats just adjacent to drop box. The slip is stamped.
Tear off original slip,wrap in the cash/cheque,put in.the envelope and seal.
Drop the envelope in box.
Retail duplicate slip as your copy.( contains stamp)
After 1-2 hrs you receive sms on the mobile no you left indicating details if transaction.
I have those slips i did with.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Chaka
#499 Posted : Tuesday, June 02, 2015 2:26:43 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Boris Boyka wrote:

Take deposit slip and pass through a machine thats just adjacent to drop box. The slip is stamped.
Tear off original slip,wrap in the cash/cheque,put in.the envelope and seal.
Drop the envelope in box.
Retail duplicate slip as your copy.( contains stamp)
After 1-2 hrs you receive sms on the mobile no you left indicating details if transaction.
I have those slips i did with.

So who confirms that you have actually deposited cash before the deposit slip is stamped?
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Boris Boyka
#500 Posted : Tuesday, June 02, 2015 2:55:57 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Chaka wrote:
Boris Boyka wrote:

Take deposit slip and pass through a machine thats just adjacent to drop box. The slip is stamped.
Tear off original slip,wrap in the cash/cheque,put in.the envelope and seal.
Drop the envelope in box.
Retail duplicate slip as your copy.( contains stamp)
After 1-2 hrs you receive sms on the mobile no you left indicating details if transaction.
I have those slips i did with.

So who confirms that you have actually deposited cash before the deposit slip is stamped?

The box is opened every hour by 2/3 individuals under cctv. If there are anormalies you're notified in sms. The cctv gives evidence. Ever done deposit at ATM? Anyway it doesn't mean there couldn't be colluding but its higher % secure. Colluding could mean a lot of effort. Inserting less cash and filling more cash would inconvinience one. Simply i think its based on morality.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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