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Coop Bank 2019 and beyond
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Ericsson
#161 Posted : Tuesday, October 27, 2020 11:34:44 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders.
What was Coop's PAT for 1H 2020?

12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time.

Indeed alot of cash.
With COVID-19 in town and the aftermath it will take to recover like 6 years.
Not unless they do what shareholders are scared of (rights issue)
More than even what KCB will pay for NBK.
Coop PAT 1H for 2020 was ksh.7.1bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#162 Posted : Tuesday, October 27, 2020 4:18:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders.
What was Coop's PAT for 1H 2020?

12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time.


Link
https://www.businessdail...evamp-jamii-bora-2722894
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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babashuge
#163 Posted : Thursday, October 29, 2020 8:52:38 AM
Rank: New-farer

Joined: 1/4/2019
Posts: 69
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders.
What was Coop's PAT for 1H 2020?

12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time.


Link
https://www.businessdail...vamp-jamii-bora-2722894[/quote]


I guess cleaning this mess up is what they mean by "focusing on local business"
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winmak
#164 Posted : Thursday, October 29, 2020 6:22:23 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
babashuge wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders.
What was Coop's PAT for 1H 2020?

12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time.


Link
https://www.businessdail...vamp-jamii-bora-2722894[/quote]


I guess cleaning this mess up is what they mean by "focusing on local business"


Safe to assume we are not seeing any dvd in the near future. Maybe I missed it but have they stated how they're planning to raise the 12.5 b
For investors as a whole, returns decrease as motion increases ~ WB
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Ericsson
#165 Posted : Saturday, October 31, 2020 10:46:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
To get a good view of COVID-19 effects on the financials I will do a Quarter on Quarter profit summary;
Q1--5.1bn
Q2--4.5bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#166 Posted : Saturday, October 31, 2020 10:48:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
winmak wrote:
babashuge wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders.
What was Coop's PAT for 1H 2020?

12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time.


Link
https://www.businessdail...vamp-jamii-bora-2722894[/quote]


I guess cleaning this mess up is what they mean by "focusing on local business"


Safe to assume we are not seeing any dvd in the near future. Maybe I missed it but have they stated how they're planning to raise the 12.5 b


Dividend will be there but probably on a reduced figure.Compensation will be a bonus share issue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#167 Posted : Thursday, November 19, 2020 10:52:58 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
To get a good view of COVID-19 effects on the financials I will do a Quarter on Quarter profit summary;
Q1--5.1bn
Q2--4.5bn

Q3--4.2bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Thursday, November 19, 2020 11:17 AM | Reason: Not specified
Ericsson
#168 Posted : Friday, January 08, 2021 8:55:44 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Profit warning issued
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#169 Posted : Friday, January 08, 2021 3:01:30 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
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.


Post #123 of 14th August, 2020. You can't cook books forever.

There is alot of blood in all banking halls.
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  | | Edit by user: Friday, January 08, 2021 3:04 PM | Reason: Not specified
mlennyma
#170 Posted : Friday, January 08, 2021 3:17:54 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
According to what this guy's reported upto Q3,a warning was not expected unless they made 0 income in Q4
"Don't let the fear of losing be greater than the excitement of winning."
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