[quote=Bugatti]StocksMaster and Mjuaji wa stocks find the link for your info on increase of Co-Op Bank shareholding in CIC from 2% to 21%
http://af.reuters.com/ar...s/idAFKPO62634420101026[/quote]

Many thanks Bugatti. This is good news as I plan to pick up my CIC rights and apply for more

Based on the information, CIC becomes an associate. Hence as per IAS 28/IFRS 9 Cooperative Bank should show investments in associate in their P&L.

BUT Assuming a 30% gain in CIC profit over last year, this would be an annual 236m x 1.3 * 0.2 = 61m included for COOP as profit after tax

Not too much to write home about. So perhaps the fortune tellers are looking on favourable BankAssurance prospects...