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Forces behind the drop of co-op bank share price
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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QW25071985 wrote:niko52 wrote:A man who drives while kissing a beutful girl and doesnot cause an accident is not giving the kiss the attention it deserves. meaning ??????
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing.
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Rank: New-farer Joined: 5/11/2011 Posts: 63
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The lock in period for Directors and all staff was 2 years ending in Feb 2011. Remember most staff had inside information; bought at 9.00 at IPO and at 1.00 OTC (Pre-IPO). They were even given loans to buy these shares. So they are simply offloading. Directors and staff had more 200,000,000 shares with directors having 139m.
S. C. Muchiri, EBS - Chairman 8,000,000 0.23
J. Riungu - Vice Chairman 7,710,000 0.22
G. M. Muriuki, OGW - Managing Director 68,121,000 1.95
J. Sitienei 5,000,000 0.14
P. K. Githendu 5,073,700 0.15
G. Mburia 5,051,000 0.14
R. L. Kimanthi 2,310,000 0.07
E.K. Mbogo 5,010,000 0.14
G.J.S. Wakasyaka, Rtd Major 2,300,000 0.07
M. Malonza 5,110,000 0.15
S. Odhiambo (Mrs) 5,080,000 0.15
Dr. J. Kahunyo 5,000,000 0.14
C. Kabira 5,000,000 0.14
W. Ongoro 1,400,000 0.04
F. Odhiambo - Commissioner of Co-operatives 2,750,000 0.08
J. Murugu - Representing PS Ministry of Finance 1,000,000 0.03
R.Githaiga (Mrs) - Company Secretary 5,290,000 0.15
TOTAL 139,205,700 4.00
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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I think that as usual, Mwanahisa is spot on.
I am watching the fall in price with glee! This is one stock I want to get my hands on but it has to be at the right price.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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the deal wrote:Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing. How did you come up with this finding? KCB,Barclays,Equity,stanchart and cfcstanbic are its peers and only KCB and Barclays seem to be cheaper if you were to look at their PE. COOP is the 4th largest bank In the country [according to a recent CBK report]with an 8.73% market share,KCB with the largest market share controls 13.98%. I agree with you on one thing though,among its peers COOP ROI and ROE are among the lowest, unless they shock us this yr, I dont see them replicating last yrs results. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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selah wrote:the deal wrote:Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing. How did you come up with this finding? KCB,Barclays,Equity,stanchart and cfcstanbic are its peers and only KCB and Barclays seem to be cheaper if you were to look at their PE. COOP is the 4th largest bank In the country [according to a recent CBK report]with an 8.73% market share,KCB with the largest market share controls 13.98%. I agree with you on one thing though,among its peers COOP ROI and ROE are among the lowest, unless they shock us this yr, I dont see them replicating last yrs results. Book Value per share vs its peers.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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the deal wrote:Book Value per share vs its peers. Still doesn't cut it. Of the top 5 banks i.e. KCB, Equity, BBK, Coop & Stanchart, only KCB has a lower PBV than Coop. This is based on 30.06.11 prices.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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the deal wrote:selah wrote:the deal wrote:Well Coop is expensive compared to its peers, what i see is just a normal price correction after the stock really overheated late last year...with the economy expected to slowdown...it will be hard form them to grow their bottom-line by more than 30% unless they keep firing. How did you come up with this finding? KCB,Barclays,Equity,stanchart and cfcstanbic are its peers and only KCB and Barclays seem to be cheaper if you were to look at their PE. COOP is the 4th largest bank In the country [according to a recent CBK report]with an 8.73% market share,KCB with the largest market share controls 13.98%. I agree with you on one thing though,among its peers COOP ROI and ROE are among the lowest, unless they shock us this yr, I dont see them replicating last yrs results. Book Value per share vs its peers. BV is average if you were to compare with all its peers in some instances even better,the game changer is the unissued shares this makes the share so unpredictable. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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@Wazuans, there also people playing games with my TOTAL KENYA LIMITED. Hoping its none of you Wazuans. Kama ni michezo mnataka, chezeni na Co-op, not TKL. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: New-farer Joined: 4/5/2011 Posts: 14
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i just hope it drops to a low of 9 then i will be back in for now lets wait and see
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Forces behind the drop of co-op bank share price
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