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Coop Bank - Stocksmaster's 1st Play 2013
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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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..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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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 :)
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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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..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@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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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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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.
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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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
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@StocksMaster what is your strategy in this bleeding market? Talk to your disciples. Life is short. Live passionately.
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Rank: Member Joined: 3/26/2012 Posts: 830
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@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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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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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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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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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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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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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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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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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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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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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Coop Bank - Stocksmaster's 1st Play 2013
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