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Coop Bank 2019 and beyond
Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Half year profit before tax @Ksh.10.436 a growth of 4.62% compared to 2018 Source:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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Profits have been steady since rate cap but stock price has been going down... whats happening?
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? The bonus shares effect. The exchange bar told wazua about it in 2017-2018 http://www.wazua.co.ke/f...spx?g=posts&m=810650
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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obiero wrote:lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB Hiyo ya coop the figure isn't accurate. The growth in PBT for coop was 4.6%. Half year 2018 PBT was ksh.9.98bn while in 2019 it's ksh.10.44bn. This info extracted from the financial statements Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB Watch the trend. Thinning NIM just like operating margins is a harbinger of what lies ahead in terms of the bottom line. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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lochaz-index wrote:obiero wrote:lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB Watch the trend. Thinning NIM just like operating margins is a harbinger of what lies ahead in terms of the bottom line. It could simply mean that they brought in expensive deposits in the short term, since the asset book is not declining
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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obiero wrote:lochaz-index wrote:obiero wrote:lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB Watch the trend. Thinning NIM just like operating margins is a harbinger of what lies ahead in terms of the bottom line. It could simply mean that they brought in expensive deposits in the short term, since the asset book is not declining Then they need to ramp up their lending Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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lochaz-index wrote:obiero wrote:lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB Watch the trend. Thinning NIM just like operating margins is a harbinger of what lies ahead in terms of the bottom line. I learnt that the hard way in KQ. Operating Margins were constantly thinning and I ignored it. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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VituVingiSana wrote:lochaz-index wrote:obiero wrote:lochaz-index wrote:obiero wrote:Ericsson wrote:babashuge wrote:Profits have been steady since rate cap but stock price has been going down... whats happening? Half year they struggled to grow the profits. Watch how things will turn out in Q3 and full year I'm yet to sight the said struggle in profit growth.. NIM trend isn't encouraging. NIM is equal to profit growth? I see the PBT growth rate was higher than KCB Watch the trend. Thinning NIM just like operating margins is a harbinger of what lies ahead in terms of the bottom line. I learnt that the hard way in KQ. Operating Margins were constantly thinning and I ignored it. Yes vvs,we learn from past mistakes and missed opportunities. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Demand is huge on this counter. Any news??  Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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cyruskulei wrote:Demand is huge on this counter. Any news?? Price discovery,should settle around 13 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? Price discovery,should settle around 13 Closing price today as per NSE website 12.10 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:Ericsson wrote:cyruskulei wrote:Demand is huge on this counter. Any news?? https://www.businessdail...70688-gjdrp1/index.html
Co-op Bank is set to open five new branches, taking its total physical outlets to 160 despite the industry’s growing focus on digital banking channels. The new branches will be based in Nairobi, Kapenguria, Maralal and Chogoria as the lender seeks to keep up with competition in cash-rich areas while also reaching out to underserved regions. In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower. Co-op bank Kenyatta Avenue branch is being opened today. Still has too much focus on brick & mortar!!! Evolve to ICT banking too slow. Default rates on digital loans is high Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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