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CO-OP BANK HY2017
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obiero
#21 Posted : Thursday, August 31, 2017 7:06:12 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,975
Location: nairobi
sparkly wrote:
alotoftalk wrote:
Angelica _ann wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/markets/Coop-Bank-overtakes-Equity-loans-issued-/539552-4076382-151kjf4/index.html

Cooperative Bank of Kenya has overtaken Equity Bank to hold the second largest gross loan book in the banking sector as at the end of 2016, reflecting the latter’s shift to government securities following the rate cap.

The Central Bank of Kenya (CBK) 2016 banking supervision annual report shows that Co-op Bank had issued gross loans of Sh241.4 billion last year, ahead of Equity’s Sh221.03 billion.


Could it be that as JM gets old, he is becoming more risk averse (from the risk taker of the yester years) and therefore the shift from Equity's aggressiveness to moderate moves we are witnessing of late?


This maybe a strategy to create a new slate. My guess is they may have done their IFRS 9 expected credit loss projections on certain portfolios and impairments required may be huge due to historical loss trends. So the strategy is to shrink those portfolios and reduce required impairments in 2018 and then slowly rebuild a cleaner book with better loan underwriting.


Break it down in English Bw. Auditor.

Lol. The guy simply means that they messed up on the legacy lending

KQ ABP 4.48; MTN ABP 5.20
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VituVingiSana
#22 Posted : Thursday, August 31, 2017 10:35:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Angelica _ann wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/markets/Coop-Bank-overtakes-Equity-loans-issued-/539552-4076382-151kjf4/index.html

Cooperative Bank of Kenya has overtaken Equity Bank to hold the second largest gross loan book in the banking sector as at the end of 2016, reflecting the latter’s shift to government securities following the rate cap.

The Central Bank of Kenya (CBK) 2016 banking supervision annual report shows that Co-op Bank had issued gross loans of Sh241.4 billion last year, ahead of Equity’s Sh221.03 billion.


Could it be that as JM gets old, he is becoming more risk averse (from the risk taker of the yester years) and therefore the shift from Equity's aggressiveness to moderate moves we are witnessing of late?

I don't think he is being less aggressive as much as "prudent" i.e. why not earn easy (default-free) returns from GoK instead of the drama of lending?
If and when the spreads are sufficiently widened, then Equity can jump back in through its mobile platforms.

Waiting will ensure that the ship has sailed.. It won't be easy to bring back the disgruntled leavers

Ease of access [Equitel and Eazzy] will bring them back in droves. Access rather than pricing is key.
Equity wants a higher price [rate] while many customers want easy access.

Think Safaricom which has the priciest calls, data and mobile money charges YET...

Though I will admit that Equity doesn't seem to engender the same loyalty as it did once with competition from KCB and Coop.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#23 Posted : Monday, September 04, 2017 11:31:52 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,975
Location: nairobi
Correct price levels now achieved https://live.mystocks.co.ke/m/stock=COOP

KQ ABP 4.48; MTN ABP 5.20
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Ericsson
#24 Posted : Tuesday, September 05, 2017 1:04:07 PM
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Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
High resistance at 16.Counter now on upward trend again
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#25 Posted : Tuesday, September 05, 2017 3:59:32 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
High resistance at 16.Counter now on upward trend again


opportunity to bring down my abp is not foreseeable.
Towards the goal of financial freedom
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bartum
#26 Posted : Tuesday, September 05, 2017 6:03:51 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
High resistance at 16.Counter now on upward trend again


opportunity to bring down my abp is not foreseeable.

Just hold on, you may get at 14
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Realtreaty
#27 Posted : Tuesday, September 05, 2017 7:33:21 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,362
I still feel Co-op has much more space to move up like its peers KCB and Equity that were from 20s to 40s

Coop should double its fortune /price to 25-35 soon
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obiero
#28 Posted : Tuesday, September 05, 2017 8:10:49 PM
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Joined: 6/23/2009
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Realtreaty wrote:
I still feel Co-op has much more space to move up like its peers KCB and Equity that were from 20s to 40s

Coop should double its fortune /price to 25-35 soon

That's a long shot. With slightly above half the profit of simba and more issued shares, it's unlikely that COOP will hit the 40s anytime soon.. But it has rallied well post rate cap, considering the dividend as well as bonus

KQ ABP 4.48; MTN ABP 5.20
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Ericsson
#29 Posted : Wednesday, September 06, 2017 9:09:40 AM
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Joined: 12/4/2009
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obiero wrote:
Realtreaty wrote:
I still feel Co-op has much more space to move up like its peers KCB and Equity that were from 20s to 40s

Coop should double its fortune /price to 25-35 soon

That's a long shot. With slightly above half the profit of simba and more issued shares, it's unlikely that COOP will hit the 40s anytime soon.. But it has rallied well post rate cap, considering the dividend as well as bonus


Coop has twice as many shares as simba and makes half the profits of simba.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Sir invest
#30 Posted : Wednesday, September 06, 2017 12:10:17 PM
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Joined: 8/19/2015
Posts: 125
When COOP will be hitting 25-35, KCB n EQ will be in 60-70 and this is not happening tomorrow. You have to be patient!!!
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Ebenyo
#31 Posted : Wednesday, September 06, 2017 1:40:20 PM
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Joined: 4/4/2016
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Location: Kitale
Sir invest wrote:
When COOP will be hitting 25-35, KCB n EQ will be in 60-70 and this is not happening tomorrow. You have to be patient!!!


Kcb and Equity are aiming to be pan african banks.When the goal is achieved,thats when those prices will be attained.
Towards the goal of financial freedom
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Ericsson
#32 Posted : Wednesday, September 06, 2017 2:10:50 PM
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Posts: 10,798
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Journey to 60-70 for KCB and equity will also happen if you hear interest rates cap law is repealed.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#33 Posted : Wednesday, September 06, 2017 2:19:40 PM
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Joined: 6/23/2009
Posts: 13,975
Location: nairobi
Ericsson wrote:
Journey to 60-70 for KCB and equity will also happen if you hear interest rates cap law is repealed.

That's not gonna happen.. At best, expect a 1% revision to make CBR+5% and deposit rate minimum 60% of CBR

KQ ABP 4.48; MTN ABP 5.20
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Ebenyo
#34 Posted : Thursday, September 07, 2017 3:33:20 PM
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Joined: 4/4/2016
Posts: 1,997
Location: Kitale
bartum wrote:
Ebenyo wrote:
Ericsson wrote:
High resistance at 16.Counter now on upward trend again


opportunity to bring down my abp is not foreseeable.

Just hold on, you may get at 14


my abp is 14.30.Price below 14 will be good but i dont see it coming soon.
Towards the goal of financial freedom
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Ericsson
#35 Posted : Friday, September 08, 2017 10:11:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
The bonus shares issue is what is depressing the price hence 25-35 will be quite hard for coop bank.
Since listing they have done 3 bonus issues.
Had they not done any bonus issue share price would be now at the ranges 27-29.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#36 Posted : Saturday, September 09, 2017 12:20:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,975
Location: nairobi
Ericsson wrote:
The bonus shares issue is what is depressing the price hence 25-35 will be quite hard for coop bank.
Since listing they have done 3 bonus issues.
Had they not done any bonus issue share price would be now at the ranges 27-29.

People who have been inside and enjoyed the bonus are not complaining.. Johnny come latelies are the ones depressed about the current share price

KQ ABP 4.48; MTN ABP 5.20
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Pesa Nane
#37 Posted : Thursday, September 14, 2017 1:17:09 PM
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Joined: 5/25/2012
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Pesa Nane plans to be shilingi when he grows up.
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enyands
#38 Posted : Thursday, September 14, 2017 5:38:32 PM
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Joined: 12/25/2014
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Pesa Nane wrote:



Yeah Applause Applause Applause Applause it's time . Gideon should be next .I'm a happy man .
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obiero
#39 Posted : Thursday, September 14, 2017 8:14:36 PM
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Joined: 6/23/2009
Posts: 13,975
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enyands wrote:
Pesa Nane wrote:



Yeah Applause Applause Applause Applause it's time . Gideon should be next .I'm a happy man .

We will miss you Mr Muchiri

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obiero
#40 Posted : Friday, September 15, 2017 5:27:59 PM
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Joined: 6/23/2009
Posts: 13,975
Location: nairobi
I would not personally purchase at this moment but for those with risk appetite, I recommend COOP http://live.mystocks.co.ke/m/stock=COOP

KQ ABP 4.48; MTN ABP 5.20
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