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Coop Bank 2019 and beyond
Rank: Elder Joined: 7/22/2009 Posts: 7,454
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obiero wrote:obiero wrote:Ericsson wrote:xtina wrote:I see Hustler's Fund has popped up and will be disbursed through saccos. Is Coop worth a look? Nope Hustler fund will be premium tears. What risk does COOP hold in that arrangement. It's the SACCO deposits increase on the line, via GoK largesse KES 1.5 dividend per share dividend incoming.. Watu wamechapwa na butwaa mpaka a 50% dividend increment by Co-op got no mention the whole day!!! That is how you know things are elephant!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: New-farer Joined: 8/1/2019 Posts: 86
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MaichBlack wrote:obiero wrote:obiero wrote:Ericsson wrote:xtina wrote:I see Hustler's Fund has popped up and will be disbursed through saccos. Is Coop worth a look? Nope Hustler fund will be premium tears. What risk does COOP hold in that arrangement. It's the SACCO deposits increase on the line, via GoK largesse KES 1.5 dividend per share dividend incoming.. Watu wamechapwa na butwaa mpaka a 50% dividend increment by Co-op got no mention the whole day!!! That is how you know things are elephant!!! It surprises me too.
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Rank: Member Joined: 8/19/2015 Posts: 125
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Don't be surprised Dividend of Ksh.1.5 (Yield of 12%) is peanut to most Kenyan investors when SACCOs are giving 20% dividend on share capital.
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Rank: Elder Joined: 7/22/2009 Posts: 7,454
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Sir invest wrote:Don't be surprised Dividend of Ksh.1.5 (Yield of 12%) is peanut to most Kenyan investors when SACCOs are giving 20% dividend on share capital. Kwani it is only Co-op's 12% that is a problem. Look at the other threads and see people celebrating similar or even slightly lower dividend yields days before the massacre began. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Sir invest wrote:Don't be surprised Dividend of Ksh.1.5 (Yield of 12%) is peanut to most Kenyan investors when SACCOs are giving 20% dividend on share capital. Is that a good comparison. Share capital in saccos which you cannot withdraw/transfer without some hassle /delays and is not linked to any potential capital gains
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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heri wrote:Sir invest wrote:Don't be surprised Dividend of Ksh.1.5 (Yield of 12%) is peanut to most Kenyan investors when SACCOs are giving 20% dividend on share capital. Is that a good comparison. Share capital in saccos which you cannot withdraw/transfer without some hassle /delays and is not linked to any potential capital gains Besides the hassles you have alluded to , what is 20% of 20K surely? Isn't this the true definition of peanuts?
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Rank: Elder Joined: 7/22/2009 Posts: 7,454
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Queen wrote:heri wrote:Sir invest wrote:Don't be surprised Dividend of Ksh.1.5 (Yield of 12%) is peanut to most Kenyan investors when SACCOs are giving 20% dividend on share capital. Is that a good comparison. Share capital in saccos which you cannot withdraw/transfer without some hassle /delays and is not linked to any potential capital gains Besides the hassles you have alluded to , what is 20% of 20K surely? Isn't this the true definition of peanuts? A whole 4k!!! Till next year. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...-in-co-op-bank--4169060
Billionaire investor Baloobhai Patel has bought an additional 14.6 million shares in Co-operative Bank with a current market value of Sh181.8 million, entrenching his position as the lender’s second-largest individual investor. Filings by the Nairobi Securities Exchange-listed firm show that Mr Patel raised his holdings in Co-op Bank to 55.1 million shares at the end of last month from 40.4 million shares as of December 31, 2022. This led to his stake in the country’s third largest bank rising to 0.94 percent –with a current market value of Sh683.8 million— from 0.69 percent over the same period. Mr Patel is among investors set to benefit from Co-op Bank’s new record dividend of Sh1.5 per share or a total of Sh8.8 billion for the year ended December. This will see Mr Patel receive a payout of Sh78.5 million, net of taxes. The bank raised the dividend by 50 percent from the Sh1 per share distributed for the previous financial year. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/31/2011 Posts: 250
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Been following Coop bank Prices the last few week, and there's price surge. Does it mean the FY results are good and shareholders are anticipating good dividends? You lose money chasing women, but you never lose women chasing money - NAS
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Kenyan Oracle wrote:Been following Coop bank Prices the last few week, and there's price surge. Does it mean the FY results are good and shareholders are anticipating good dividends? The consensus expectation based on q3 eps and precedent of previous year is 1.50 Bob pershare. This is a good dividend yield bearing in mind COOP has not been issuing interim dividend . This is a full fledge dividend quite unlike her counterparts that have already issued interim dividend in previous quarters . Coop bank now becomes the darling of finance sector based on full year dividend momentum . Be aware about 65% of coop shares is owned by Saccos so a good dividend is assured . It should interest you that ONLY COOP paid normal dividend of 1.00 Bob in covid era quite unlike her counterparts that slashed dividends considerably 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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Rank: Member Joined: 2/15/2010 Posts: 128 Location: Kenya
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Co-Op have no known expansion plans outside Kenya, so substantial part of profit will be given as dividend 1.5Kes/share or may be even more.
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Rank: Member Joined: 2/15/2010 Posts: 128 Location: Kenya
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COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased. NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing. The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable. Do they need a new MD with new ideas? The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B. All in all a good dividend play(because where else are they going to take the profits?), great value at current price.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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DtheK wrote:COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased. NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing. The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable. Do they need a new MD with new ideas? The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B. All in all a good dividend play(because where else are they going to take the profits?), great value at current price.
Co-op bank is very cautious in expansion out of Kenya. They were waiting to partner with the Sacco movement in Uganda and Rwanda to open a sacco bank but this is yet to materialise. The gap between them and NCBA in PBT terms is still wide,the main worry for NCBA is ABSA Kenya who are hot on their heels for the 4th position in Kenya.For the second year in a row Absa have managed to keep the gap with NCBA close. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,507 Location: nairobi
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Ericsson wrote:DtheK wrote:COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased. NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing. The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable. Do they need a new MD with new ideas? The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B. All in all a good dividend play(because where else are they going to take the profits?), great value at current price.
Co-op bank is very cautious in expansion out of Kenya. They were waiting to partner with the Sacco movement in Uganda and Rwanda to open a sacco bank but this is yet to materialise. The gap between them and NCBA in PBT terms is still wide,the main worry for NCBA is ABSA Kenya who are hot on their heels for the 4th position in Kenya.For the second year in a row Absa have managed to keep the gap with NCBA close. COOP on Q1 2024 will be the number 2 PBT. I speak in code HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:Ericsson wrote:DtheK wrote:COOP's operating income was flat Vs 2022, they only booked an increase in net profit after reducing provisions, this while gross NPLs increased. NCBA might soon solidly beat them to number 3 bank in Kenya, NCBA already has bigger balance sheet, only remaining metric is profit and gap is closing. The wisdom of their decision not to invest outside KE, save for S. Sudan is debatable. Do they need a new MD with new ideas? The jamii bora takeover went well though after buying it for 1B, it now has PBT of 1B. All in all a good dividend play(because where else are they going to take the profits?), great value at current price.
Co-op bank is very cautious in expansion out of Kenya. They were waiting to partner with the Sacco movement in Uganda and Rwanda to open a sacco bank but this is yet to materialise. The gap between them and NCBA in PBT terms is still wide,the main worry for NCBA is ABSA Kenya who are hot on their heels for the 4th position in Kenya.For the second year in a row Absa have managed to keep the gap with NCBA close. COOP on Q1 2024 will be the number 2 PBT. I speak in code Fresh blood and ideas is yearning in the organization. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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