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COOPERATIVE BANK
mwala
#1 Posted : Wednesday, March 10, 2010 6:09:28 AM
Rank: Member


Joined: 9/22/2008
Posts: 79
When is coop bank releasing their results?Any clue on this counter?
FundamentAli
#2 Posted : Wednesday, March 10, 2010 7:41:58 AM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
@Mwala,

All financial instituitions have until 31 March to release their end of year results by law. All financial years must end on 31 December for this instituitions. So between now and end month, Coop must rlease their results before end month
meshaque
#3 Posted : Wednesday, March 10, 2010 11:41:54 AM
Rank: Member


Joined: 6/17/2008
Posts: 36
Location: Nairobi
coop is releasing the results on Friday
B.Timer
#4 Posted : Wednesday, March 10, 2010 3:07:54 PM
Rank: Veteran


Joined: 5/31/2008
Posts: 1,076

This is one development I am awaiting with a bated breath.
Dunia ni msongamano..
sparkly
#5 Posted : Wednesday, March 10, 2010 3:13:03 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Co-op results will be better than average. Unfortunately i will not itching for the good news. I sold for the capital gains
Life is short. Live passionately.
guru267
#6 Posted : Wednesday, March 10, 2010 3:13:44 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i dont expect more than 15% pre tax profit growth on this stock...

i hope i'm not wrong..
Mark 12:29
Deuteronomy 4:16
2012
#7 Posted : Wednesday, March 10, 2010 4:00:25 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I think Coop Bank is way overrated. I know most of you don't agree with me and I respect your opinion so don't bash me.

BBI will solve it
:)
wasee
#8 Posted : Thursday, March 11, 2010 4:52:16 AM
Rank: Member


Joined: 2/5/2010
Posts: 273
Location: NBI
Any bank stock is a good buy at the moment. They are making lots of profits.
Jaguar
#9 Posted : Thursday, March 11, 2010 4:55:06 AM
Rank: Member


Joined: 6/7/2007
Posts: 263
Location: humu humu
investor briefing in progress right now
Jaguar
#10 Posted : Thursday, March 11, 2010 5:18:48 AM
Rank: Member


Joined: 6/7/2007
Posts: 263
Location: humu humu
PBT up 10% From 3.4B to 3.74B. 0.20cents dividend

http://uk.mobile.reuters...le/idUKLDE62916R20100311
wasee
#11 Posted : Thursday, March 11, 2010 5:55:14 AM
Rank: Member


Joined: 2/5/2010
Posts: 273
Location: NBI
Thats Good News.
mwala
#12 Posted : Thursday, March 11, 2010 7:36:01 AM
Rank: Member


Joined: 9/22/2008
Posts: 79
i expect the share to average at 10 for quite some time.The divinded is okay but the rise in profit is small.
Wa_ithaka
#13 Posted : Thursday, March 11, 2010 8:02:25 AM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
When is Co-op going to start dealing with its humungous non-perfoming loans? I assume it has some exposure to KPCU and New KCC...I think the P&L perfomance is okay given economy in 2009.
The Governor of Nyeri - 2017
mwanafunzi
#14 Posted : Thursday, March 11, 2010 10:06:27 AM
Rank: Member


Joined: 12/3/2008
Posts: 113
just been informed they are paying a dividend of 0.2
mwala
#15 Posted : Thursday, March 11, 2010 10:56:16 AM
Rank: Member


Joined: 9/22/2008
Posts: 79
How is their loan book?I expect it to be horrible
guru267
#16 Posted : Thursday, March 11, 2010 1:10:07 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
profit growth is exactly as i expected.. i really dont think that this company's business model can create large profit growth thats why i dont touch it... when the other banks recover they most likely will greatly outperform co-op bank in profit growth....

the dividends paid are low compared other NSE firms like sammeer and that might be the reason for almost no reaction in the price today
Mark 12:29
Deuteronomy 4:16
sparkly
#17 Posted : Thursday, March 11, 2010 3:46:34 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Dissapointing for CO-OP after their IPO. How did they spend the IPO money because they didn't sink much in brick and motor?
Life is short. Live passionately.
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