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Coop Bank 2019 and beyond
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Monk
#121 Posted : Friday, August 14, 2020 7:00:44 AM
Rank: Member


Joined: 7/1/2009
Posts: 256
JoeNgugi wrote:
Did they offer any dividend by the way?


Their practice is to pay a single dividend payment in a year. We got Ksh 1 in April.
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mlennyma
#122 Posted : Friday, August 14, 2020 2:06:57 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?
"Don't let the fear of losing be greater than the excitement of winning."
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Queen
#123 Posted : Friday, August 14, 2020 2:22:46 PM
Rank: Member


Joined: 11/21/2018
Posts: 564
Location: Britain
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.
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young
#124 Posted : Friday, August 14, 2020 5:08:02 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Monk
#125 Posted : Friday, August 14, 2020 5:16:19 PM
Rank: Member


Joined: 7/1/2009
Posts: 256
young wrote:
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?


https://www.the-star.co....-h1-profits-drop-by-35/

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Ericsson
#126 Posted : Friday, August 14, 2020 6:13:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
young wrote:
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?

Today's Nation and Standard Newspaper
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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young
#127 Posted : Saturday, August 15, 2020 11:12:31 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
Ericsson wrote:
young wrote:
Queen wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


Stanbic bank's results (in today's papers) compares favourably with those of KCB. One can therefore conclude that there is an anomaly in Co-op bank's results.


Please @Queen, provide link to stanbic Kenya Hy 2020 results ?

Today's Nation and Standard Newspaper


Thanks @monk and bwana @Ericsson.

ABSA results is 24th Aug.
Pending is SCBK , NCBA and I&M, though of the 3 my interest is only in SCBK results
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Ericsson
#128 Posted : Saturday, August 15, 2020 3:52:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
JoeNgugi wrote:
Did they offer any dividend by the way?


Nani alisemaa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kmucheke
#129 Posted : Monday, August 17, 2020 11:48:45 AM
Rank: Member


Joined: 3/16/2019
Posts: 313
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


This article in BD somehow explains your observation.

Quote:
Kenyan banks had restructured aggregate loans of Sh844.4 billion or 29 per cent of the industry’s Sh2.9 trillion loan book as of June, according to the Central Bank of Kenya (CBK).

Co-op Bank has, however, fared relatively better with renegotiated loans worth Sh39.2 billion and equivalent to 14.4 per cent of its Sh272.1 billion loan book in the same period.

Its net earnings also dropped by a lower margin of 3.6 per cent to Sh7.1 billion in the half year ended June when one of its main rivals, KCB Group, reported a 40.4 per cent net profit drop to Sh7.5 billion.

Co-op Bank has nearly half of its loan book in the manufacturing, energy and water sectors and little in tourism and transport, which are the hardest hit in the coronavirus fallout.


Link
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winmak
#130 Posted : Monday, August 17, 2020 12:08:21 PM
Rank: Member


Joined: 12/1/2007
Posts: 539
Location: Nakuru
kmucheke wrote:
mlennyma wrote:
Why does Kcb look more exposed than Co- op?does oigara own any Kcb shares?


This article in BD somehow explains your observation.

Quote:
Kenyan banks had restructured aggregate loans of Sh844.4 billion or 29 per cent of the industry’s Sh2.9 trillion loan book as of June, according to the Central Bank of Kenya (CBK).

Co-op Bank has, however, fared relatively better with renegotiated loans worth Sh39.2 billion and equivalent to 14.4 per cent of its Sh272.1 billion loan book in the same period.

Its net earnings also dropped by a lower margin of 3.6 per cent to Sh7.1 billion in the half year ended June when one of its main rivals, KCB Group, reported a 40.4 per cent net profit drop to Sh7.5 billion.

Co-op Bank has nearly half of its loan book in the manufacturing, energy and water sectors and little in tourism and transport, which are the hardest hit in the coronavirus fallout.


Link



Fair enough
For investors as a whole, returns decrease as motion increases ~ WB
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Ericsson
#131 Posted : Tuesday, August 18, 2020 8:58:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Jamii Bora is being rebranded to Kingdom Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KaunganaDoDo
#132 Posted : Tuesday, August 18, 2020 9:22:21 AM
Rank: Member


Joined: 8/6/2018
Posts: 299
Ericsson wrote:
Jamii Bora is being remanded to Kingdom Bank


REMANDED? OR MARRIED?
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Ericsson
#133 Posted : Tuesday, August 18, 2020 9:45:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
Jamii Bora is being remanded to Kingdom Bank


REMANDED? OR MARRIED?

Rebranded
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KaunganaDoDo
#134 Posted : Tuesday, August 18, 2020 9:58:36 AM
Rank: Member


Joined: 8/6/2018
Posts: 299
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Jamii Bora is being remanded to Kingdom Bank


REMANDED? OR MARRIED?

Rebranded

Haiyaaaaaa...so it will be called COOP BANK..
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Ericsson
#135 Posted : Tuesday, August 18, 2020 10:15:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
Jamii Bora is being remanded to Kingdom Bank


REMANDED? OR MARRIED?

Rebranded

Haiyaaaaaa...so it will be called COOP BANK..


https://pbs.twimg.com/me...rmat=jpg&name=medium
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#136 Posted : Tuesday, August 18, 2020 10:24:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.businessdail...9930-rl7gskz/index.html

Co-op Bank chief executive Gideon Muriuki sold 14.7 million shares of the lender with a current market value of Sh160 million in the five months ended May, according to regulatory filings.

He has been selling and buying the bank’s shares over the years in transactions that have seen his stake oscillate between 1.7 per cent and two per cent.

The latest transactions reduced his holdings from two per cent in December 2019 to 1.75 per cent in May that has a market value of Sh1.1 billion based on the lender’s closing price of Sh10.85 on Friday.

While Mr Muriuki reduced his holdings, a few major investors raised their stake. Billionaire investor Baloobhai Patel, for instance, bought 4.8 million shares currently valued at Sh52 million over the five-month period.

This raised his ownership in the lender from 0.45 per cent in December 2019 to 0.53 per cent in May that has a market value of Sh337 million.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KaunganaDoDo
#137 Posted : Tuesday, August 18, 2020 10:47:33 AM
Rank: Member


Joined: 8/6/2018
Posts: 299
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
[quote=Ericsson]Jamii Bora is being remanded to Kingdom Bank


REMANDED? OR MARRIED?

Rebranded

Haiyaaaaaa...so it will be called COOP BANK..


https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]

This is good. Jamii Bora was an Impaired Brand. KINGDOM BANK
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Ericsson
#138 Posted : Thursday, September 03, 2020 9:43:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Big volumes have been traded on the counter last and this week.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#139 Posted : Monday, September 21, 2020 8:32:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Coop bank is the number 1 shareholder in Uchumi supermarket.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#140 Posted : Monday, September 21, 2020 8:18:53 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,515
Location: nairobi
Ericsson wrote:
Big volumes have been traded on the counter last and this week.

A serious bank

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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