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Coop Bank - Stocksmaster's 1st Play 2013
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mibbz wrote:guru267 wrote:mibbz wrote:Lastly what do you think about diamond trust bank?Been gathering info on it and it looks like a ripe takeover target by a larger panafrican bank, or am I being too ambitious? Can agakhan sell out? @mibbz agakhan is going nowhere! Allow me to ask, what percentage does aga khan hold in DTB?....I forsee a smooth takeover by one of the west african banks looking for presence in the east african side.hydrocarbon game shall see the giants flexing their muscle.... AgaKhan percentage holding in DTB is as follows: 1. Aga Khan Fund for Economic Development S.A. - 17.32% 2. The Jubilee Insurance Company of Kenya Limited - 10.50% 3. The Diamond Jubilee Investment Trust (U) Limited - 1.87% >Also notable is that is that Mr. Amin Nanji Juma has 0.92% shareholding. ..... Qs to you 1. Is 'Guaranty Trust Bank Plc' the west african bank your are talking about? 2. Why do you think DTB is specifically the target?
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Rank: Member Joined: 2/18/2011 Posts: 448
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mwekez@ji wrote:mibbz wrote:guru267 wrote:mibbz wrote:Lastly what do you think about diamond trust bank?Been gathering info on it and it looks like a ripe takeover target by a larger panafrican bank, or am I being too ambitious? Can agakhan sell out? @mibbz agakhan is going nowhere! Allow me to ask, what percentage does aga khan hold in DTB?....I forsee a smooth takeover by one of the west african banks looking for presence in the east african side.hydrocarbon game shall see the giants flexing their muscle.... AgaKhan percentage holding in DTB is as follows: 1. Aga Khan Fund for Economic Development S.A. - 17.32% 2. The Jubilee Insurance Company of Kenya Limited - 10.50% 3. The Diamond Jubilee Investment Trust (U) Limited - 1.87% >Also notable is that is that Mr. Amin Nanji Juma has 0.92% shareholding. @mwekez@ji for quesgion 1 I do believe its the mentioned bank as you had earlier mentioned in 2012 BANIKING valuation thread., I decided to visit the three possible targets and found DTB to be the best all rounded as per my criteria of customer treatment, staff chemistry and I found it to be a well jelled organisation, as in pretty organised..NIC impressed but not as much as DTB Looking forwards while NIC is reporting stellar figures I believe DTB has more growth potential as evidenced by Q1 figures plus they are in burundi offering more coverage to the east african region and management seems to have their act right Lastly, its gut feeling...I asked myself if I were the board of a large bank looking for prescence in EA and numbers are right and settled on between NIC and DTB,which one would I vote for? Have to mention other suitors might come by, not necessarily Guaranty bank; trying to look at which would be a better target to get presence in EA region......I believe this is how speculation works. ..... Qs to you 1. Is 'Guaranty Trust Bank Plc' the west african bank your are talking about? 2. Why do you think DTB is specifically the target?
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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stocksmaster wrote:
1. COOP BANK EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.
I think you meant "Q1 2012" not "Q1 2013" & even though the PAT was +33.5% the EPS was +10% (comparing apples to apples) ... either coz of a bonus (issued after Q1 2012) or higher taxes. I need to research this. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mibbz wrote:guru267 wrote:mibbz wrote:Lastly what do you think about diamond trust bank?Been gathering info on it and it looks like a ripe takeover target by a larger panafrican bank, or am I being too ambitious? Can agakhan sell out? @mibbz agakhan is going nowhere! Allow me to ask, what percentage does aga khan hold in DTB?....I forsee a smooth takeover by one of the west african banks looking for presence in the east african side.hydrocarbon game shall see the giants flexing their muscle.... @mibbz its all about strategy... why would I decide to buy out a company where the current shareholders have absolutely no intention of selling?? Wouldnt one end up paying a ridiculously high premium trying to appease these shareholders at the expense of the company's attractiveness?? Don't you think the agakhan wants to participate fully in the potential of DTB?? DTB has a fully Asian board of directors and an Asian ceo, and even an Asian chairman.. In fact the only Kenyan on the DTB board is the company secretary  The agakhan is definitely here to stay Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 2/18/2011 Posts: 448
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guru267 wrote:mibbz wrote:guru267 wrote:mibbz wrote:Lastly what do you think about diamond trust bank?Been gathering info on it and it looks like a ripe takeover target by a larger panafrican bank, or am I being too ambitious? Can agakhan sell out? @mibbz agakhan is going nowhere! Allow me to ask, what percentage does aga khan hold in DTB?....I forsee a smooth takeover by one of the west african banks looking for presence in the east african side.hydrocarbon game shall see the giants flexing their muscle.... @mibbz its all about strategy... why would I decide to buy out a company where the current shareholders have absolutely no intention of selling?? Wouldnt one end up paying a ridiculously high premium trying to appease these shareholders at the expense of the company's attractiveness?? Don't you think the agakhan wants to participate fully in the potential of DTB?? DTB has a fully Asian board of directors and an Asian ceo, and even an Asian chairman.. In fact the only Kenyan on the DTB board is the company secretary The agakhan is definitely here to stay @guru267, infact its easier to change or convince minds thats are all thinking alike or perhaps look alike.....the hydrocarbon game shall change a lot and premiums shall be paid.....do you know africa oil is starting drilling in Kenya and has a whooping 44 blocks in the region......the best is yet to come
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mibbz wrote:.....do you know africa oil is starting drilling in Kenya and has a whooping 44 blocks in the region......the best is yet to come They started some years back and they do not have 44 blocks as you say. I side with guru. It would be very surprising, to me, were AKFED to part with their stake. They have a nice diversified portfolio which I imagine they would be keen to maintain - banking, tourism, media, etc. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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@  mibbz "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mibbz wrote:guru267 wrote:mibbz wrote:guru267 wrote:mibbz wrote:Lastly what do you think about diamond trust bank?Been gathering info on it and it looks like a ripe takeover target by a larger panafrican bank, or am I being too ambitious? Can agakhan sell out? @mibbz agakhan is going nowhere! Allow me to ask, what percentage does aga khan hold in DTB?....I forsee a smooth takeover by one of the west african banks looking for presence in the east african side.hydrocarbon game shall see the giants flexing their muscle.... @mibbz its all about strategy... why would I decide to buy out a company where the current shareholders have absolutely no intention of selling?? Wouldnt one end up paying a ridiculously high premium trying to appease these shareholders at the expense of the company's attractiveness?? Don't you think the agakhan wants to participate fully in the potential of DTB?? DTB has a fully Asian board of directors and an Asian ceo, and even an Asian chairman.. In fact the only Kenyan on the DTB board is the company secretary The agakhan is definitely here to stay @guru267, infact its easier to change or convince minds thats are all thinking alike or perhaps look alike.....the hydrocarbon game shall change a lot and premiums shall be paid.....do you know africa oil is starting drilling in Kenya and has a whooping 44 blocks in the region...... the best is yet to come If the best is yet to come why would they sell?? Agakhan is really savvy... I'm sure he would sell out if someone paid him 700bob per share for DTB!  Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 2/18/2011 Posts: 448
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youcan'tstopusnow wrote:mibbz wrote:.....do you know africa oil is starting drilling in Kenya and has a whooping 44 blocks in the region......the best is yet to come They started some years back and they do not have 44 blocks as you say. I side with guru. It would be very surprising, to me, were AKFED to part with their stake. They have a nice diversified portfolio which I imagine they would be keen to maintain - banking, tourism, media, etc. They are starting the 1st of 2 sites this half, really big difference between owning and start of drilling in Kenya
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Rank: Member Joined: 2/18/2011 Posts: 448
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guru267 wrote:mibbz wrote:guru267 wrote:mibbz wrote:guru267 wrote:mibbz wrote:Lastly what do you think about diamond trust bank?Been gathering info on it and it looks like a ripe takeover target by a larger panafrican bank, or am I being too ambitious? Can agakhan sell out? @mibbz agakhan is going nowhere! Allow me to ask, what percentage does aga khan hold in DTB?....I forsee a smooth takeover by one of the west african banks looking for presence in the east african side.hydrocarbon game shall see the giants flexing their muscle.... @mibbz its all about strategy... why would I decide to buy out a company where the current shareholders have absolutely no intention of selling?? Wouldnt one end up paying a ridiculously high premium trying to appease these shareholders at the expense of the company's attractiveness?? Don't you think the agakhan wants to participate fully in the potential of DTB?? DTB has a fully Asian board of directors and an Asian ceo, and even an Asian chairman.. In fact the only Kenyan on the DTB board is the company secretary The agakhan is definitely here to stay @guru267, infact its easier to change or convince minds thats are all thinking alike or perhaps look alike.....the hydrocarbon game shall change a lot and premiums shall be paid.....do you know africa oil is starting drilling in Kenya and has a whooping 44 blocks in the region...... the best is yet to come If the best is yet to come why would they sell?? Agakhan is really savvy... I'm sure he would sell out if someone paid him 700bob per share for DTB! Thats my point, a serious premium shall be paid, its good to be prepared in advance.....@guru267 allow me to ask, what would be a decent take over price for NIC?
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