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co op bank Q3 2011 pretax profit up 26%
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GGK
#11 Posted : Thursday, November 10, 2011 5:28:49 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Solid performance... Was it one of those hoarding the dollars?
"..I am because we are. "― Ubuntu, Umtu,
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Ericsson
#12 Posted : Thursday, November 10, 2011 6:29:16 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
If you look at the statutory ratios Co-operative Bank is at the edge of breaching them.Expect a rights Issue next year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Fyatu
#13 Posted : Friday, November 11, 2011 8:54:59 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
The noun is.......PROFIT!!!Applause
Dumb money becomes dumb only when it listens to smart money
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maligumu
#14 Posted : Friday, November 11, 2011 11:07:29 AM
Rank: Member

Joined: 2/22/2010
Posts: 510
Location: De egg
With the recent results what is expected of this bank . Is there a looming rights issue in not the so far future ?
Peace be with you
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the deal
#15 Posted : Friday, November 11, 2011 2:27:39 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
My belated Analysis of 3Q results and Yes there is a bullish case for rights issue read more http://www.contrarianinv...l-call-on-the-cards.html
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Realtreaty
#16 Posted : Friday, November 11, 2011 6:09:04 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
maligumu wrote:
With the recent results what is expected of this bank . Is there a looming rights issue in not the so far future ?

smile Rights issue will not be the right thing to do for the bank for thge coming 2 years. A Bonus at this time of Crisis will be better and a Rights issue at 2014.
Rights are good for Projects or expansion that has already happened. since CO-OP is in need to reward its investors for the profits it will most likely go for 1 for every 10 which means approx 1.42 Kes for every share at current price of Kes 14.8 or 1 for every 15 shares held to make it 1 kes per share . This increases the shares with less dilution and also a big reward as more investors will prospect growth!
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the deal
#17 Posted : Saturday, November 12, 2011 2:02:19 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
CAR at this bank are pathetic...I think they're on CBK's watch list.
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Cde Monomotapa
#18 Posted : Saturday, November 12, 2011 2:49:39 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Ericsson wrote:
If you look at the statutory ratios Co-operative Bank is at the edge of breaching them.Expect a rights Issue next year
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GGK
#19 Posted : Saturday, November 12, 2011 5:27:55 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Sasa hapa mashinani... tununue au la? Analysis here dont seem to be conclusive
"..I am because we are. "― Ubuntu, Umtu,
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guru267
#20 Posted : Saturday, November 12, 2011 6:08:39 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
GGK wrote:
Sasa hapa mashinani... tununue au la?


LA!!!
There are better performing banks in the market. Please review KCB au NIC. smile
Mark 12:29
Deuteronomy 4:16
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