obiero wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:I'm a buyer.
Share your analysis Mr. thedeal
This thing is trading on a trailling PE Ratio of 5.3...Dividend Yield is around 6.7%...Q3 2016 profit was still double digits..capital adequancy ratio look good...I expect them to freeze FY2016 dividend or even cut it to preserve capital..they might opt for a bonus...my fear is 2017...those saccos have this bank by the balls...thus its a speculative BUY for me.
Impact of rate caps?
The rate cap did not significantly affect any of the big 5 banks
5.1m COOP shares traded today
Obiero u used to own 52,200 Co-op bank shares and now you have reduced to 12,000
Then now hyping for coop bank shares.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle