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.

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.

The rumours of a rights issue sparked off by the increase in authorised share capital also did not do the share any favours.

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.

@Niko, the point being?

May be wazua admin should ban you for posting something irrelevant. This isnt Twitter or Facebook!