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Is Co-Op good for Long term. If not which is?
Gordon Gekko
#11 Posted : Wednesday, October 20, 2010 10:19:52 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@sparkly, forgive my ignorance, but I've never heard of Waweru exempting any company from paying corporation tax.
Kalameni
#12 Posted : Wednesday, October 20, 2010 10:41:44 PM
Rank: New-farer

Joined: 9/20/2010
Posts: 80
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% .
Surealligator
#13 Posted : Thursday, October 21, 2010 10:54:27 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
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
winston
#14 Posted : Thursday, October 21, 2010 11:24:29 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
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?
bartum
#15 Posted : Thursday, October 21, 2010 11:28:01 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
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
guru267
#16 Posted : Thursday, October 21, 2010 11:48:50 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
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
Surealligator
#17 Posted : Thursday, October 21, 2010 2:05:48 PM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
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
kyt
#18 Posted : Thursday, October 21, 2010 2:10:56 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
any stock is in financial sector is a good stock until they lower their interest rates.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
youcan'tstopusnow
#19 Posted : Thursday, October 21, 2010 2:20:49 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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
Njung'e
#20 Posted : Thursday, October 21, 2010 2:55:26 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
I don't like thisSad ;

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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