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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: 18,347
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: 14,215
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..

KQ ABP 4.26
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Ericsson
#484 Posted : Friday, January 23, 2015 9:29:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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: 14,215
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 :)

KQ ABP 4.26
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obiero
#486 Posted : Friday, May 29, 2015 10:04:00 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
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..

KQ ABP 4.26
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Ericsson
#487 Posted : Sunday, May 31, 2015 8:17:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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: 14,215
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.


KQ ABP 4.26
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obiero
#489 Posted : Sunday, May 31, 2015 12:38:47 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
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

KQ ABP 4.26
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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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