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Coop Bank 2019 and beyond
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Ericsson
#201 Posted : Monday, March 22, 2021 9:35:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Monk wrote:
Ericsson wrote:
Monk wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
young wrote:
Ericsson wrote:
King of dividend in the financial sector for FY2020.
Ksh.1 per share which is a total of Ksh
5.86bn


Yes indeed.
But results of SCBK , ABSA, EQTY, and NIC still outstanding .
Any of them can pull a surprise in terms of dividend or bonus issue.


None of those you have mentioned can match that figure.
NIC would have to give a dividend of ksh.4.20 minimum to surpass the figure.
ABSA expect no dividend.
SCBK issued a profit warning and would have to give a dividend of ksh.18.30 to beat the figure.
Please show us the mathematics behind your numbers. Thank you.


The mathematics is based on the issued number of shares for the respectively

NCBA issued shares is 1,497,745,029 so dividend per share has to be about 4 to surpass Co-op
SCBK issued shares is 343510571 so dividend per share has to be 17.2 to surpass coop.

Coop bank issued shares is 5,869,179,554 and they are giving dividend per share of ksh.1.

Multiply the number of issued shares by dividend per share to get the dividend payout.

Fair enough but this (total dividend payout) is irrelevant when comparing (apples to apples) returns to shareholders like us.
What matters to me (& @young) is the DY or dividend we get NOT the total dividend the firm pays out.


In the NSE and other stock markets such as Dow Jones,Nikkei and NASDAQ companies with the highest dividend yield have the lowest returns to shareholders while companies with the lowest dividend yield have the highest returns to shareholders.


In all the years I've been on the NSE, I've only observed and benefited from that trend with KK (decent buyout price) and Safaricom (capital gains). I would be happy to learn which other NSE counters you've observed with similar correlation.

PS: KCB has both good DY and capital gains, so it doesn't fall in the category you mention.


Low DY and very good share price appreciation/capital gains.
Equity DY for the longest time has been below 5
EABL DY has mostly been below 5
Jubilee Holdings
CIC when the price skyrocketed to 11 yet dividend was 10 cents
Centum share price 48-60 with dividend of ksh.1.20



I'm in EABL, and regrettably in the red from capital loss. Perhaps those who've held it much much longer than I share your fortune on this one.

I'm not in any of the others... I'll check them out, except Centum. Thanks.



I once bought EABL and within 18 months, share price had doubled excluding dividends.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#202 Posted : Monday, April 19, 2021 1:22:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Ericsson wrote:
Monk wrote:
Ericsson wrote:
Monk wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
young wrote:
Ericsson wrote:
King of dividend in the financial sector for FY2020.
Ksh.1 per share which is a total of Ksh
5.86bn


Yes indeed.
But results of SCBK , ABSA, EQTY, and NIC still outstanding .
Any of them can pull a surprise in terms of dividend or bonus issue.


None of those you have mentioned can match that figure.
NIC would have to give a dividend of ksh.4.20 minimum to surpass the figure.
ABSA expect no dividend.
SCBK issued a profit warning and would have to give a dividend of ksh.18.30 to beat the figure.
Please show us the mathematics behind your numbers. Thank you.


The mathematics is based on the issued number of shares for the respectively

NCBA issued shares is 1,497,745,029 so dividend per share has to be about 4 to surpass Co-op
SCBK issued shares is 343510571 so dividend per share has to be 17.2 to surpass coop.

Coop bank issued shares is 5,869,179,554 and they are giving dividend per share of ksh.1.

Multiply the number of issued shares by dividend per share to get the dividend payout.

Fair enough but this (total dividend payout) is irrelevant when comparing (apples to apples) returns to shareholders like us.
What matters to me (& @young) is the DY or dividend we get NOT the total dividend the firm pays out.


In the NSE and other stock markets such as Dow Jones,Nikkei and NASDAQ companies with the highest dividend yield have the lowest returns to shareholders while companies with the lowest dividend yield have the highest returns to shareholders.


In all the years I've been on the NSE, I've only observed and benefited from that trend with KK (decent buyout price) and Safaricom (capital gains). I would be happy to learn which other NSE counters you've observed with similar correlation.

PS: KCB has both good DY and capital gains, so it doesn't fall in the category you mention.


Low DY and very good share price appreciation/capital gains.
Equity DY for the longest time has been below 5
EABL DY has mostly been below 5
Jubilee Holdings
CIC when the price skyrocketed to 11 yet dividend was 10 cents
Centum share price 48-60 with dividend of ksh.1.20



I'm in EABL, and regrettably in the red from capital loss. Perhaps those who've held it much much longer than I share your fortune on this one.

I'm not in any of the others... I'll check them out, except Centum. Thanks.



I once bought EABL and within 18 months, share price had doubled excluding dividends.

Well received today. At current share price, that yield is almost 10%

KQ ABP 4.26
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Ericsson
#203 Posted : Wednesday, May 19, 2021 9:29:43 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
2021 Q1 Profit before tax at ksh.4.98bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#204 Posted : Thursday, May 20, 2021 4:57:45 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
2021 Q1 Profit before tax at ksh.4.98bn


https://www.nse.co.ke/ph...od-ended-31-mar-2021.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#205 Posted : Thursday, June 10, 2021 1:33:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...ull-year-profit-3431994

Kingdom Bank’s management is projecting at least Sh300 million pre-tax profit this financial year, riding on a confidence boost after being acquired by Co-operative Bank.
If realised, this will be the first profit— also the best performance in over a decade — ending a streak of five years in losses.
Kingdom Bank has already posted a net profit of Sh126 million in the three months ended March and wants to carry this momentum into the full year.
The improving performance has seen Cooperative Bank retain in its books the Sh3.2 billion it booked as goodwill when acquiring the small lender.

Firms that book goodwill on acquisition usually perform impairment tests to determine which level of goodwill to retain in their books in line with the performance of the acquired entity.

Kingdom is now compliant with all CBK capital and liquidity ratios. It had Sh1.15 billion core capital and a liquidity ratio of 387 percent in March.

The bank last year received Sh20.96 billion liquidity support financing from the Central Bank of Kenya. The loan is interest-free and repayable in 10 years but has a grace period of three years.
Kingdom Bank has a footprint 17 branches and three agencies serving over 136,000 customers.

Co-op Bank wants to use the acquired lender to create a niche bank to offer specialised credit offerings such as micro small and medium-sized enterprise banking, asset finance and leasing.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#206 Posted : Thursday, June 10, 2021 8:11:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kingdom-bank-projects-sh300m-full-year-profit-3431994

Kingdom Bank’s management is projecting at least Sh300 million pre-tax profit this financial year, riding on a confidence boost after being acquired by Co-operative Bank.
If realised, this will be the first profit— also the best performance in over a decade — ending a streak of five years in losses.
Kingdom Bank has already posted a net profit of Sh126 million in the three months ended March and wants to carry this momentum into the full year.
The improving performance has seen Cooperative Bank retain in its books the Sh3.2 billion it booked as goodwill when acquiring the small lender.

Firms that book goodwill on acquisition usually perform impairment tests to determine which level of goodwill to retain in their books in line with the performance of the acquired entity.

Kingdom is now compliant with all CBK capital and liquidity ratios. It had Sh1.15 billion core capital and a liquidity ratio of 387 percent in March.

The bank last year received Sh20.96 billion liquidity support financing from the Central Bank of Kenya. The loan is interest-free and repayable in 10 years but has a grace period of three years.
Kingdom Bank has a footprint 17 branches and three agencies serving over 136,000 customers.

Co-op Bank wants to use the acquired lender to create a niche bank to offer specialised credit offerings such as micro small and medium-sized enterprise banking, asset finance and leasing.
After getting 21bn in interest-free loans then how can it not make a profit?
All it needs to do is reinvest the same 21bn in government paper at 10-12%!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#207 Posted : Friday, July 23, 2021 7:28:03 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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Ericsson
#208 Posted : Saturday, July 24, 2021 11:27:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=obiero]The Kingdom Bank https://www.businessdail...ed-sh260m-bonus-3481554[/quote]

Corporate governance is very weak at the bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#209 Posted : Sunday, July 25, 2021 8:38:38 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
[quote=obiero]The Kingdom Bank https://www.businessdail...ed-sh260m-bonus-3481554[/quote]

Corporate governance is very weak at the bank


Obscene for one employee to be getting a quarter a billion bonus during a pandemic.
Life is short. Live passionately.
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mlennyma
#210 Posted : Monday, July 26, 2021 9:40:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
sparkly wrote:
Ericsson wrote:
[quote=obiero]The Kingdom Bank https://www.businessdail...ed-sh260m-bonus-3481554[/quote]

Corporate governance is very weak at the bank


Obscene for one employee to be getting a quarter a billion bonus during a pandemic.


another equity like CEO
"Don't let the fear of losing be greater than the excitement of winning."
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