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guru267		#11 Posted : Tuesday, October 05, 2010 7:46:51 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		luxel wrote: This will be achieved in a year. Around feb.-mar 2010when they announce the full year result with profits above kshs.4.5B,coupled with the fact that the stock market will have done a lot of recovery with the index around 4,500 points. man guys are real gurus... i think at this time the market was still at 2,980 points Mark 12:29 Deuteronomy 4:16
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hisah		#12 Posted : Tuesday, October 05, 2010 8:27:29 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		One JMbaru during the Dyer Coop IPO sale stated "buy now. It'll be 20 in 2yrs time"... Mboy talk And indeed the market forgot very fast where it had come from as Wanguyu stated "by Feb or Mar 2009" - Mboy talk http://www.youtube.com/watch?v=1oNKVHnKi9M $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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e_kijana		#13 Posted : Tuesday, October 05, 2010 11:39:38 PM
Rank: Member Joined: 1/17/2009 Posts: 55		The time will come within a year when Co-op will be at the same price as Equity bank... I have a feeling we will have a more interactive debate now that I have compared the two banks with die hard EB supporters coming through
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mjuaji wa stocks		#14 Posted : Wednesday, October 06, 2010 10:03:37 AM
Rank: Member Joined: 1/16/2010 Posts: 672 Location: nairobi		I am buying co-op bank @19/- ….to exit @30/- ….targeting march 2011. I am buying equity @ 26….to exit @ 41…….targeting march 2011 The more they come down…the better for me… God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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mlennyma		#15 Posted : Wednesday, October 06, 2010 10:08:22 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		I hope it works for you,the more interest rates drop the faster your dream matures. "Don't let the fear of losing be greater than the excitement of winning."
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mwanahisa		#16 Posted : Wednesday, October 06, 2010 11:34:17 AM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		e_kijana wrote: The time will come within a year when Co-op will be at the same price as Equity bank... I have a feeling we will have a more interactive debate now that I have compared the two banks with die hard EB supporters coming through Kindly support your assertion with some well reasoned arguments if you want us to take you seriously.
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mlennyma		#17 Posted : Wednesday, October 06, 2010 11:47:52 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Personally i think the share ownership structure of co-op bank gives it more advantage... having few speculative investors makes it posible to even overtake equity. "Don't let the fear of losing be greater than the excitement of winning."
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guru267		#18 Posted : Wednesday, October 06, 2010 1:17:30 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mjuaji wa stocks wrote: I am buying co-op bank @19/- ….to exit @30/- ….targeting march 2011. I am buying equity @ 26….to exit @ 41…….targeting march 2011 The more they come down…the better for me… Equity at 41?? Wa!!! This is starting to look like 2007 all over again where stock prices were crazy... Mark 12:29 Deuteronomy 4:16
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mwanahisa		#19 Posted : Wednesday, October 06, 2010 1:35:26 PM
Rank: Elder Joined: 6/2/2008 Posts: 1,438		I am projecting an (optimistic) EPS of 1.34 for Co-op Bank and at a very generous trailing PE of 20 in March 2011, that would take its price to 26.80. I would be surprised if it went beyond a PE of 17 by March 2011, so I am placing a limit on my expectations to Kshs 22.75. As for Equity, my expected EPS (projection, based on H1 2010 performance) is Kshs 1.63. Again a trailing PE of 20 would take its price to Kshs 32.60 by March 2011. I however expect Equity's growth to accelerate in the 3rd Quarter (2nd Qtr EPS was 48 cents against 34 cents in Q1).Hence EPS could actually come in higher at about Kshs 1.8. If it achieves this and trades at a more "realistic" PE of 17, then we will be looking at a price of 30.50. I believe the above scenarios are rather optimistic and are based on rather simplistic assumptions on EPS and PE ratios. But I would happy if they came to pass.
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sheep		#20 Posted : Wednesday, October 06, 2010 2:05:02 PM
Rank: Veteran Joined: 7/24/2008 Posts: 781		guru267 wrote: mjuaji wa stocks wrote: I am buying co-op bank @19/- ….to exit @30/- ….targeting march 2011. I am buying equity @ 26….to exit @ 41…….targeting march 2011 The more they come down…the better for me… Equity at 41?? Wa!!! This is starting to look like 2007 all over again where stock prices were crazy... its very possible...we are still in a cyclical bull...but we can be sure a few years from now you will still be able to buy the said stocks @20. 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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