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Coop Bank - Stocksmaster's 1st Play 2013
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maka
#571 Posted : Sunday, July 24, 2016 11:36:53 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ebenyo wrote:
obiero wrote:
Anyone knows why the share is misfiring soo badly


in a desperate attempt to play as a big brother,co-op bank booked its sister,CIC huge losses.They covered it so secretly they thought no one will know.But it became news.


Interesting....Sad
possunt quia posse videntur
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Ericsson
#572 Posted : Sunday, July 24, 2016 3:57:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
CIC made a loss of about sh.340mn in Quarter 1 2016.
I mention earlier that coop bank needs to come up with tangible ways of how to grow.
Those cost cutting measures are not sustainable.
Otherwise Gideon Muriuki needs to relinquish his post as CEO of the bank.
He has run out of ideas
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#573 Posted : Sunday, July 24, 2016 5:14:03 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
CIC made a loss of about sh.340mn in Quarter 1 2016.
I mention earlier that coop bank needs to come up with tangible ways of how to grow.
Those cost cutting measures are not sustainable.
Otherwise Gideon Muriuki needs to relinquish his post as CEO of the bank.
He has run out of ideas


Fresh bloods and new ideas desperately needed for this bank.
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Ericsson
#574 Posted : Sunday, July 24, 2016 5:18:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
I said here earlier the share price will reach sh.13.
Afro sinema continues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#575 Posted : Sunday, July 24, 2016 9:28:22 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
I said here earlier the share price will reach sh.13.
Afro sinema continues



5 shillings more than ipo price . This stock never went beyond 21 . Others like equity have gone up from offer price to 100 .shares doubled after split and came down to 29 and up again.meanwhile this stock oscillates on 10's to 20's.fresh blood needed
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gatoho
#576 Posted : Sunday, July 24, 2016 10:24:30 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
enyands wrote:
Ericsson wrote:
I said here earlier the share price will reach sh.13.
Afro sinema continues



5 shillings more than ipo price . This stock never went beyond 21 . Others like equity have gone up from offer price to 100 .shares doubled after split and came down to 29 and up again.meanwhile this stock oscillates on 10's to 20's.fresh blood needed



Discounting 1:5 and 1:6 bonus
Foresight..
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  | | Edit by user: Sunday, July 24, 2016 10:33 PM | Reason: Not specified
Ericsson
#577 Posted : Monday, July 25, 2016 7:21:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@gatoho
Discounting the 1:5 and 1:6 bonus the price comes to 6.78 per share
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#578 Posted : Tuesday, August 09, 2016 9:07:16 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
obiero wrote:
enyands wrote:
obiero wrote:
obiero wrote:
the deal wrote:
obiero wrote:
Mr. Sulu wrote:
obiero wrote:
Cde Monomotapa wrote:
^We lead, others follow - ROOOARR!! (KCB - At consolidation stage) smile

Simba has underutilised strength.. Meanwhile, banks with much lower asset base are angling for a kill! There is a shift in the market where Coop will emerge second after Equity in next three years

Do you have evidence to back it up or is it a hunch?

The writing is on the wall

Fact: Coop Bank will never overtake KCB in terms of profitability in the next 3yrs...@obiero take that to the bank or your nearest hospital...cos it aint happening...if you think it will...then buy some antiacids...

Coop already at number 3. Musical chairs, watch this space. Well maybe 3 yrs is on the shorter side as @deal said, but who else has analysed the NII, asset book, customer numbers.. The writing is on the wall.. www.businessdailyafrica....52/-/qne942/-/index.html

Veni, vedi, veci..




@@Obiero I realize you are good at the banking area. You know how and when to get info. Beside the point coop is slowly crawling up top banks in kenya.though it's a solid company their shares have only doubled since they floated the shares in 2008. Hope it will rally one day


KCB market share 14.1%, Coop second at 9.83%.. Source CBK.. http://www.nation.co.ke/...37186-1q1bbnz/index.html

KQ ABP 4.26
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  | | Edit by user: Tuesday, August 09, 2016 9:26 AM | Reason: Not specified
Ericsson
#579 Posted : Tuesday, August 09, 2016 4:00:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Coop yes has the second largest market share but what is revenue they get from the customers/products.
Are the majority of the customers who just receive income at the end of the month and do withdrawals
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#580 Posted : Tuesday, August 09, 2016 4:21:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
KCB outshines Equity on all metrics but ROE/ROA. So Coop can have all the numbers but profits?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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