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Forces behind the drop of co-op bank share price
Rank: New-farer Joined: 4/5/2011 Posts: 14
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I am looking at co-op bank share for the past 6 months and its dropping, its supply in the market is more than its demand but I can’t find any news that is causing this. Does any body know something about this.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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what period did CMA lock in the class A shares?
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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I guess i amnt the only one noticing.There's the theory that managers who were sackd recently are selling their holdings in the bank.
Frm the charts a fall frm 16 bob support will be chaotic for the stock.
I am watching it with allot of suspence.
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Rank: Hello Joined: 6/24/2011 Posts: 1 Location: nairobi
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A man who drives while kissing a beutful girl and doesnot cause an accident is not giving the kiss the attention it deserves.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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The rumours of a rights issue sparked off by the increase in authorised share capital also did not do the share any favours.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Am out but keeping an eagle eye. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I think the increase in the No.of shares must have scared some investors although its not a factor since the management were categorical the unissued shares were not for a right issue,but for any future use which will be passed by shareholders in an AGM. The most logical explanation will be Managers who were retrenched offloading their shares which I think are mostly options.This will also explain why KCB has been on the downward spiral during their restructuring period. Equity Bank might be the reason behind this rationale given that some managers took it to court with claims that Equity undervalued their share options hence giving them peanuts after they were retrenched. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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@Niko, the point being? May be wazua admin should ban you for posting something irrelevant. This isnt Twitter or Facebook! "..I am because we are. "― Ubuntu, Umtu,
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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niko52 wrote:A man who drives while kissing a beutful girl and doesnot cause an accident is not giving the kiss the attention it deserves. meaning ??????
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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QW25071985 wrote:niko52 wrote:A man who drives while kissing a beutful girl and doesnot cause an accident is not giving the kiss the attention it deserves. meaning ??????
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing.
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Rank: New-farer Joined: 5/11/2011 Posts: 63
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The lock in period for Directors and all staff was 2 years ending in Feb 2011. Remember most staff had inside information; bought at 9.00 at IPO and at 1.00 OTC (Pre-IPO). They were even given loans to buy these shares. So they are simply offloading. Directors and staff had more 200,000,000 shares with directors having 139m.
S. C. Muchiri, EBS - Chairman 8,000,000 0.23
J. Riungu - Vice Chairman 7,710,000 0.22
G. M. Muriuki, OGW - Managing Director 68,121,000 1.95
J. Sitienei 5,000,000 0.14
P. K. Githendu 5,073,700 0.15
G. Mburia 5,051,000 0.14
R. L. Kimanthi 2,310,000 0.07
E.K. Mbogo 5,010,000 0.14
G.J.S. Wakasyaka, Rtd Major 2,300,000 0.07
M. Malonza 5,110,000 0.15
S. Odhiambo (Mrs) 5,080,000 0.15
Dr. J. Kahunyo 5,000,000 0.14
C. Kabira 5,000,000 0.14
W. Ongoro 1,400,000 0.04
F. Odhiambo - Commissioner of Co-operatives 2,750,000 0.08
J. Murugu - Representing PS Ministry of Finance 1,000,000 0.03
R.Githaiga (Mrs) - Company Secretary 5,290,000 0.15
TOTAL 139,205,700 4.00
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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I think that as usual, Mwanahisa is spot on.
I am watching the fall in price with glee! This is one stock I want to get my hands on but it has to be at the right price.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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the deal wrote:Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing. How did you come up with this finding? KCB,Barclays,Equity,stanchart and cfcstanbic are its peers and only KCB and Barclays seem to be cheaper if you were to look at their PE. COOP is the 4th largest bank In the country [according to a recent CBK report]with an 8.73% market share,KCB with the largest market share controls 13.98%. I agree with you on one thing though,among its peers COOP ROI and ROE are among the lowest, unless they shock us this yr, I dont see them replicating last yrs results. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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selah wrote:the deal wrote:Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing. How did you come up with this finding? KCB,Barclays,Equity,stanchart and cfcstanbic are its peers and only KCB and Barclays seem to be cheaper if you were to look at their PE. COOP is the 4th largest bank In the country [according to a recent CBK report]with an 8.73% market share,KCB with the largest market share controls 13.98%. I agree with you on one thing though,among its peers COOP ROI and ROE are among the lowest, unless they shock us this yr, I dont see them replicating last yrs results. Book Value per share vs its peers.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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the deal wrote:Book Value per share vs its peers. Still doesn't cut it. Of the top 5 banks i.e. KCB, Equity, BBK, Coop & Stanchart, only KCB has a lower PBV than Coop. This is based on 30.06.11 prices.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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the deal wrote:selah wrote:the deal wrote:Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing. How did you come up with this finding? KCB,Barclays,Equity,stanchart and cfcstanbic are its peers and only KCB and Barclays seem to be cheaper if you were to look at their PE. COOP is the 4th largest bank In the country [according to a recent CBK report]with an 8.73% market share,KCB with the largest market share controls 13.98%. I agree with you on one thing though,among its peers COOP ROI and ROE are among the lowest, unless they shock us this yr, I dont see them replicating last yrs results. Book Value per share vs its peers. BV is average if you were to compare with all its peers in some instances even better,the game changer is the unissued shares this makes the share so unpredictable. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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@Wazuans, there also people playing games with my TOTAL KENYA LIMITED. Hoping its none of you Wazuans. Kama ni michezo mnataka, chezeni na Co-op, not TKL. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: New-farer Joined: 4/5/2011 Posts: 14
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i just hope it drops to a low of 9 then i will be back in for now lets wait and see
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Forces behind the drop of co-op bank share price
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