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Coop Bank - Stocksmaster's 1st Play 2013
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Ericsson wrote: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 @ericsson have you ever heard of the term pool interest income.. banks can survive on deposits based on large customer base. they can lend excess cash to other banks or even the government. large client base and deposits are all a Kenyan bank needs, lending will thereafter come naturally. plus the other banks that you mention, what are the NPLs. Coop in my view has its house in order and the profit gap shall be reduced over time. Remember BBK was once the most profitable bank in Kenya followed closely by SCBK
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote:mlennyma wrote:obiero wrote:Boris Boyka wrote:VituVingiSana wrote:obiero wrote:Boris Boyka wrote:obiero wrote:hold on tight. KES 21 is coming in next few days. I shall sell at that price @ Obiero don't you see it go higher than that by end yr or you're leaving it for "better faster" ROI elsewhere @boris it may go higher but i am comfortable with my exit point. actually, im headed out of financials in kenya because of the imminent fall in interest rates that may lead to reduced profitability if non interest income is not well managed/grown When interest rates decrease, many banks will decrease the interest rates paid to depositors as well thus maintaining the NIM as well as increasing the loan volumes. All that said, banks need to reduce their Cost-Income Ratio further by reducing the expensive channels. It will not be easy for banks in 2014. This is a village indigenous cow which you call all villagers to assist you tie tightly to the crush for hours for you to milk "2cups". when coop was at 16 KK was 8,CIC 4,Unga 16,NBK 19 calculating %. Patience indeed. Feb 24.2014.. That is when I asked to be excused from bank stocks, I then sold all I could including HFCK, KCB and some COOP. Like it always occurs with addiction, I was scuked back in by COOP & HFCK, albeit in reduced holdings. However, on keen evaluation I re-recommend a sale on all Kenyan bank stocks. Thank me later with the current economic situation a slowdown in bank profits is a must with some already in the decline zone,I also feel there will be a good entry to bank stocks later not now. To all that managed to lessen exposure to bank stocks. U can thank me now! You advocated to sell banks, buy KQ. What's to be thankful about? Feb 24.2014 and then Sep 05.2015; this same message I reiterate today to @vvs and other hardheads, Kenyan bank stocks are officially risky. Trade at own peril
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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2016 Half year results expected to be announced on Thursday this week Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote:Boris Boyka wrote:obiero wrote:hold on tight. KES 21 is coming in next few days. I shall sell at that price @ Obiero don't you see it go higher than that by end yr or you're leaving it for "better faster" ROI elsewhere @boris it may go higher but i am comfortable with my exit point. actually, im headed out of financials in kenya because of the imminent fall in interest rates that may lead to reduced profitability if non interest income is not well managed/grown When interest rates decrease, many banks will decrease the interest rates paid to depositors as well thus maintaining the NIM as well as increasing the loan volumes. All that said, banks need to reduce their Cost-Income Ratio further by reducing the expensive channels. It will not be easy for banks in 2014. On February 24th, 2014 I issued a warning.. Let us see whether @vvs is good at further forecasts
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Boris Boyka wrote:obiero wrote:hold on tight. KES 21 is coming in next few days. I shall sell at that price @ Obiero don't you see it go higher than that by end yr or you're leaving it for "better faster" ROI elsewhere @boris it may go higher but i am comfortable with my exit point. actually, im headed out of financials in kenya because of the imminent fall in interest rates that may lead to reduced profitability if non interest income is not well managed/grown When interest rates decrease, many banks will decrease the interest rates paid to depositors as well thus maintaining the NIM as well as increasing the loan volumes. All that said, banks need to reduce their Cost-Income Ratio further by reducing the expensive channels. It will not be easy for banks in 2014. On February 24th, 2014 I issued a warning.. Let us see whether @vvs is good at further forecasts I have I&M as a "Core Holding" [as most Wazuans who follow me know] and some Equity. Am I worried about I&M under interest capping? Not really. Equity may be hurt more in the short term but JM is quick about making decisions and I am watching. Coop? Sina. So Coop at 20 or 6 makes no difference to my portfolio. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Boris Boyka wrote:obiero wrote:hold on tight. KES 21 is coming in next few days. I shall sell at that price @ Obiero don't you see it go higher than that by end yr or you're leaving it for "better faster" ROI elsewhere @boris it may go higher but i am comfortable with my exit point. actually, im headed out of financials in kenya because of the imminent fall in interest rates that may lead to reduced profitability if non interest income is not well managed/grown When interest rates decrease, many banks will decrease the interest rates paid to depositors as well thus maintaining the NIM as well as increasing the loan volumes. All that said, banks need to reduce their Cost-Income Ratio further by reducing the expensive channels. It will not be easy for banks in 2014. On February 24th, 2014 I issued a warning.. Let us see whether @vvs is good at further forecasts I have I&M as a "Core Holding" [as most Wazuans who follow me know] and some Equity. Am I worried about I&M under interest capping? Not really. Equity may be hurt more in the short term but JM is quick about making decisions and I am watching. Coop? Sina. So Coop at 20 or 6 makes no difference to my portfolio. I&M may close shop let alone slide in share price
KQ ABP 4.26
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Single digit price from tomorrow "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Quick question does CBA deal with corporate clients ama wanjikus
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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mlennyma wrote:Single digit price from tomorrow Traders will have a field day, but some of us can watch a stock go down by over 80% and still live on. Even at KES 17 COOP is cheap. The current price can only be equated to the biblical manna
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Boris Boyka wrote:obiero wrote:hold on tight. KES 21 is coming in next few days. I shall sell at that price @ Obiero don't you see it go higher than that by end yr or you're leaving it for "better faster" ROI elsewhere @boris it may go higher but i am comfortable with my exit point. actually, im headed out of financials in kenya because of the imminent fall in interest rates that may lead to reduced profitability if non interest income is not well managed/grown When interest rates decrease, many banks will decrease the interest rates paid to depositors as well thus maintaining the NIM as well as increasing the loan volumes. All that said, banks need to reduce their Cost-Income Ratio further by reducing the expensive channels. It will not be easy for banks in 2014. On February 24th, 2014 I issued a warning.. Let us see whether @vvs is good at further forecasts I have I&M as a "Core Holding" [as most Wazuans who follow me know] and some Equity. Am I worried about I&M under interest capping? Not really. Equity may be hurt more in the short term but JM is quick about making decisions and I am watching. Coop? Sina. So Coop at 20 or 6 makes no difference to my portfolio. I&M may close shop let alone slide in share price  We will ask GoK for a bailout. I want the price to fall further. I am lining up chapaa. Another 10% slide kesho and I am in for more shares. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Coop Bank - Stocksmaster's 1st Play 2013
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