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Is Co-Op good for Long term. If not which is?
Rank: New-farer Joined: 5/26/2010 Posts: 13 Location: Nairobi
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Hello great investors. I'm roger a University student seeking to start off my first real stok trading. I've saved up 20k and was wondering what stock to invest in probably for long term sake. A friend had tipped me on Co-Op. If it were you what would you invest in. . . Advice please Thanx
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Rank: New-farer Joined: 7/19/2010 Posts: 98 Location: Kenya
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This is a quick reply. Yes. Why? Look are their website and read or leand the last qII presentation plus the trend of this stock price since Jan.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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buy today. i just jumped in at 19.20 KES per share. the future is bright. with the Stock market there is no sittting back and gauging because fundamentals change and by the time we make decision it's not viable. just a concern, how long is your long term? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 7/24/2008 Posts: 781
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guys do you know longterm is at least 20yrs! which shares will be going strong 20 yrs to come? of course bluechips like EABL,BAT(but at the current levels you will be overpaying) Most of the other stocks is any ones guess...they have no moat and subject to drastic change of conditions. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Rank: New-farer Joined: 5/26/2010 Posts: 13 Location: Nairobi
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Sober wrote:buy today. i just jumped in at 19.20 KES per share. the future is bright.
with the Stock market there is no sittting back and gauging because fundamentals change and by the time we make decision it's not viable.
just a concern, how long is your long term? Let the money grow. I'm not in a hurry for return. Plus long-term is the advise i got
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@roger for a start Coop aint bad...its low beta also...the cooperative movemnt(strong moat) is strong in Kenya...the only draw back is the high PE but since u r going long term n new to this game u cant go wrong on Coop...
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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rogersha82 wrote:Sober wrote:buy today. i just jumped in at 19.20 KES per share. the future is bright.
with the Stock market there is no sittting back and gauging because fundamentals change and by the time we make decision it's not viable.
just a concern, how long is your long term? Let the money grow. I'm not in a hurry for return. Plus long-term is the advise i got come to the stock market with that mentality, but i can assure you one year down the line you will be having different strategies for the various counters depending on your risk appetite. there are no stone-cast laws here. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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rogersha82 wrote:Hello great investors. I'm roger a University student seeking to start off my first real stok trading. I've saved up 20k and was wondering what stock to invest in probably for long term sake. A friend had tipped me on Co-Op. If it were you what would you invest in. . . Advice please Thanx Roger, I would have wished that being your first investment, that you put your money in an industrial company whose growth is in tandem with the economy. That way you will be assured of steady growth and not get stressed with large swings during the bearish markets. I would therefore suggest that you buy KPLC ex rights or KenGen
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@roger why dont you buy centum. You buy into a portifolio of profitable listed and unlisted firms, property, joint ventures. Btw centum is exempt from corp tax so the shareholder keeps the 30% that would have gone to the taxman. Besides the share is fairly priced. Life is short. Live passionately.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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co-op is a great bank with great future prospects and will likely get my proceeds when i sell KCB thats if it is still under 20bob... But if you're dealing with like 500k diversify into KK or kakuzi Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@sparkly, forgive my ignorance, but I've never heard of Waweru exempting any company from paying corporation tax.
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Rank: New-farer Joined: 9/20/2010 Posts: 79
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In my opinion it is a very gud stock,2yrs since ipo price of ksh 9.50 its share price has doubled to ksh 19,fundamentals are okay,DPS has Doubled from ksh 0.10 to ksh 0.20 even though p/e is a bit high.,gideon muriuki the quiet md is steering the bank to gud perfomance since his arrival, he owns 1%shares,if all goes well end year profits expected to grow by 30% .
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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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rogersha82 wrote:Hello great investors. I'm roger a University student seeking to start off my first real stok trading. I've saved up 20k and was wondering what stock to invest in probably for long term sake. A friend had tipped me on Co-Op. If it were you what would you invest in. . . Advice please Thanx @Rogersha82 Basing my argument on fundamentals and on the ground research we have done, I would advice you get into TPS Serena. With 20,000 and at a price of 63, that should secure you at least 300 shares of Serena. Avoid buying shares in odd lots, ie, although you can ask for 310 shares, avoid the 10 as they are an odd lot. An odd lot has shares less than 100 irrespective of whether they are even or odd numbers. For instance, when you will eventually require to sell, it will be easy to sell the 300 shares but very hard to sell the 10 shares on top unless you plan to acquire another 90 to make it 100 shares. Note: odd lots are sold at throw away price. Welcome to the thrill of the stock market. That is where I saw my first 1 million kenya money. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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sparkly wrote:@roger why dont you buy centum. You buy into a portifolio of profitable listed and unlisted firms, property, joint ventures. Btw centum is exempt from corp tax so the shareholder keeps the 30% that would have gone to the taxman. Besides the share is fairly priced. Are you really sure about centum being exempt from 30% corporate tax?
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Surealligator wrote:rogersha82 wrote:Hello great investors. I'm roger a University student seeking to start off my first real stok trading. I've saved up 20k and was wondering what stock to invest in probably for long term sake. A friend had tipped me on Co-Op. If it were you what would you invest in. . . Advice please Thanx @Rogersha82 Basing my argument on fundamentals and on the ground research we have done, I would advice you get into TPS Serena. With 20,000 and at a price of 63, that should secure you at least 300 shares of Serena. Avoid buying shares in odd lots, ie, although you can ask for 310 shares, avoid the 10 as they are an odd lot. An odd lot has shares less than 100 irrespective of whether they are even or odd numbers. For instance, when you will eventually require to sell, it will be easy to sell the 300 shares but very hard to sell the 10 shares on top unless you plan to acquire another 90 to make it 100 shares. Note: odd lots are sold at throw away price. Welcome to the thrill of the stock market. That is where I saw my first 1 million kenya money. yes first million comes from nse
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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sparkly wrote: Btw centum is exempt from corp tax so the shareholder keeps the 30% that would have gone to the taxman. Besides the share is fairly priced. kumbe @sparkly you can also parade lies??? ama you're just trying to hype centum Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 6/27/2008 Posts: 709 Location: Velayat-e Faryab
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Gordon Gekko wrote:@sparkly, forgive my ignorance, but I've never heard of Waweru exempting any company from paying corporation tax. @GG Do you have any idea why IFC and Aga Khan are disposing off a considerable chunk of tps. I added some 20,000 shares of the company on a 10,000 lot I had previously acquired at 43 less than a yr ago. I have made calls to high places but no one seems to know the reason. One funny character suggested Sheraton hotels are taking up the lots and effectively dipping their fingure into the pie {that tourism industry is becoming} but I don't buy that theory. Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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any stock is in financial sector is a good stock until they lower their interest rates. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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kyt wrote:any stock is in financial sector is a good stock until they lower their interest rates. Doesn't this lead to more lending? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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I don't like this  ; Former employees of Co-operative Bank of Kenya have scored against the financial institution after the Retirement Benefits Authority questioned the calculation of their pension benefits.
In a letter to the chairman of the bank’s board of trustees, RBA says it was unable to ascertain the scheme rules relied upon and how benefits of each of the complainants were calculated.
RBA was responding to a complaint filed by 132 former employees who accused the bank of failing to disclose to them the applicable factors and methods used in computing their pension dues.
After moving to RBA, the former employees wanted Co-operative Bank and the trustees to be compelled to recalculate their benefits.
The former employees through lawyer Titus Koceyo further want the review done in accordance with the provision of the Trust deed and rules of the scheme as at their respective dates of leaving service.
According to Mr Koceyo, the retirees were paid slightly above Sh500 million but after a recalculation, the amount due to the employees was about Sh2 billion.
The lawyer says the pension scheme is an irrevocable trust established under a trust deed dated July 1, 1972. Nothing great was ever achieved without enthusiasm.
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