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Co-op Bank Upcoming Rights Issue
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BGL
#41
Posted :
Sunday, February 26, 2012 2:07:03 AM
Rank: Veteran
Joined: 10/11/2009
Posts: 1,223
Ericsson wrote:
When is Co-opertaive Bank announcing the full year results.
Coop bank normally releases their results in mid march...Last yr it was on march 10.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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The Merchant
#42
Posted :
Monday, February 27, 2012 12:02:50 PM
Rank: Veteran
Joined: 5/24/2010
Posts: 846
Location: KENYA
Co-operatives have these guys at the balls. They demand high rates on their deposits and we all know how rates look like. Steer clear of this one. Margins will be tight.Its already tough in banking, much worse for a specialized bank like this one.
You buy
You sell
You buy Equity/KCB instead
You wait till Q3/Q4 to do anything
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