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Coop Bank - Stocksmaster's 1st Play 2013
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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jerry wrote:bartum wrote:MoneyMonger wrote:bartum wrote:Realtreaty wrote:Both the Cooperative and Equity bank depend on the lower masses for business. Equity IPO was @70 Kes while Co-op ws at 9 Kes. Equity has expanded almost to 900% while Co-op has touched 100%. The wonder is how did the Equity do it that Co-op has not done? Will it ever hit the 50+ Kes? When? coop was at 1.00 for soo many yrs,thus compared to today price it is about 2000% @bartum, really? 1.00/=? I dont remember this yes from 1995-2007got them Talking of pe-pre-pre- Yes! pre-IPO. All shares start there ie @1/=. 1 share was costing ksh100.this 1 share was split 100 times whicj now costs 18 bob
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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bartum wrote:jerry wrote:bartum wrote:MoneyMonger wrote:bartum wrote:Realtreaty wrote:Both the Cooperative and Equity bank depend on the lower masses for business. Equity IPO was @70 Kes while Co-op ws at 9 Kes. Equity has expanded almost to 900% while Co-op has touched 100%. The wonder is how did the Equity do it that Co-op has not done? Will it ever hit the 50+ Kes? When? coop was at 1.00 for soo many yrs,thus compared to today price it is about 2000% @bartum, really? 1.00/=? I dont remember this yes from 1995-2007got them Talking of pe-pre-pre- Yes! pre-IPO. All shares start there ie @1/=. 1 share was costing ksh100.this 1 share was split 100 times whicj now costs 18 bob I remember Co-op shares going for 20/= just b4 IPO and were split 20 times. At IPO price of 9/= this was like 800% gain!! At 18/= it's better than EB¡ The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 9/26/2006 Posts: 403 Location: CENTRAL PROVINCE
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stocksmaster wrote:stocksmaster wrote:The recent cabinet appointments have brought in two former bank CEOs making it unlikely for radical cabinet policy decisions that may rock the banking sector.
The Executive is also heavily invested in banking and would not create an unfavorable environment for banks. These highlights the banking sector as one of the sectors to watch at least for the next 5 years.
The following Banking stocks are worth a closer focus:
1. COOP BANK
EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.
Its merits as I indicated in post no.1 of this thread support my BUY recommendation on this share.
The share is also trading cum dividend (Dividend of Ksh 0.50) until 23rd of May. It will be interesting to see whether the share can touch the Ksh 18 price before books close next week Thursday.
In the next 3 months and as the Tier 1 banks trailing P/E approaches 11; the share price for Coop Bank should approach the Ksh 20 price especially if the half year earnings are as positive as the Q1 results.
My price target (next 10 months) is a price of Ksh 28.00 (65% upside potential) based on an estimated EPS of Ksh 2.70 for year ending December 2013 (The Q1 2013 EPS OF Ksh 0.62 supports my revised estimated EPS of 2.70 for the full year).
2. EQUITY BANK
The EPS of Ksh 0.87 for Q1 2013 was a 21.9% y/y increase.
The banks’ loan book is expected to rise over the remaining part of the year based on more stable macroeconomic conditions.
The bank has a ROE of 29.5% against a sector average of 26.3% (KCB ROE is 23%)
My price target for Equity Bank over the next 12 months is Ksh 48 (EPS of Ksh 4, at a P/E of 12).
3. CFC STANBIC BANK
Despite the poor ROE of 11%, it is currently trading at a P/E of 7.90 (if you factor in the rights issue shares).
It is a share that am holding purely as a short term speculative play awaiting the Q1 2013 results which if they mirror that of the other tier 1 banks, may easily push the share price to the Ksh 70 levels.
Short term Exit Price: Ksh 70
Happy Hunting.
CFC has wonderfully surprised........a 12 months target price of Ksh 100 is in order based on a 2013 EPS of about Ksh 11 and a P/E of about 9. Happy Hunting. The march to Ksh 100 for CFC Stanbic has began. It hit Ksh 70 today with the next short term target being Ksh 80 before the half year results are announced in the next two months. Happy Hunting. Twitter:stocksmaster@stocksmaster79
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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stocksmaster wrote:stocksmaster wrote:stocksmaster wrote:The recent cabinet appointments have brought in two former bank CEOs making it unlikely for radical cabinet policy decisions that may rock the banking sector.
The Executive is also heavily invested in banking and would not create an unfavorable environment for banks. These highlights the banking sector as one of the sectors to watch at least for the next 5 years.
The following Banking stocks are worth a closer focus:
1. COOP BANK
EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.
Its merits as I indicated in post no.1 of this thread support my BUY recommendation on this share.
The share is also trading cum dividend (Dividend of Ksh 0.50) until 23rd of May. It will be interesting to see whether the share can touch the Ksh 18 price before books close next week Thursday.
In the next 3 months and as the Tier 1 banks trailing P/E approaches 11; the share price for Coop Bank should approach the Ksh 20 price especially if the half year earnings are as positive as the Q1 results.
My price target (next 10 months) is a price of Ksh 28.00 (65% upside potential) based on an estimated EPS of Ksh 2.70 for year ending December 2013 (The Q1 2013 EPS OF Ksh 0.62 supports my revised estimated EPS of 2.70 for the full year).
2. EQUITY BANK
The EPS of Ksh 0.87 for Q1 2013 was a 21.9% y/y increase.
The banks’ loan book is expected to rise over the remaining part of the year based on more stable macroeconomic conditions.
The bank has a ROE of 29.5% against a sector average of 26.3% (KCB ROE is 23%)
My price target for Equity Bank over the next 12 months is Ksh 48 (EPS of Ksh 4, at a P/E of 12).
3. CFC STANBIC BANK
Despite the poor ROE of 11%, it is currently trading at a P/E of 7.90 (if you factor in the rights issue shares).
It is a share that am holding purely as a short term speculative play awaiting the Q1 2013 results which if they mirror that of the other tier 1 banks, may easily push the share price to the Ksh 70 levels.
Short term Exit Price: Ksh 70
Happy Hunting.
CFC has wonderfully surprised........a 12 months target price of Ksh 100 is in order based on a 2013 EPS of about Ksh 11 and a P/E of about 9. Happy Hunting. The march to Ksh 100 for CFC Stanbic has began. It hit Ksh 70 today with the next short term target being Ksh 80 before the half year results are announced in the next two months. Happy Hunting. Twitter:stocksmaster@stocksmaster79 Waiting for the CO-OP lally kwa hamu na gamu Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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 #Coop at top 3 and eying up
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Co-op Bank to open 30 branches by year endThe bank’s managing director, Mr Gideon Muriuki, said the bank’s model built around the co-operative movement has forced it to open the branches to serve the growing number of co-operatives and tap into the anticipated increase in economic activities at the counties. Saccos have been registering a growth of 20 per cent per year, and reached 12,000 by end of 2012. This will bring the total branch network to 150 branches, he said. The bank expects to have branches in all counties by year-end, having acquired the majority of county bank accounts.
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Rank: Member Joined: 11/21/2007 Posts: 152 Location: Nairobi
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Fyatu wrote:stocksmaster wrote:stocksmaster wrote:stocksmaster wrote:The recent cabinet appointments have brought in two former bank CEOs making it unlikely for radical cabinet policy decisions that may rock the banking sector.
The Executive is also heavily invested in banking and would not create an unfavorable environment for banks. These highlights the banking sector as one of the sectors to watch at least for the next 5 years.
The following Banking stocks are worth a closer focus:
1. COOP BANK
EPS of Ksh 0.62 for Q1 2013 was a 33.5% rise as compared to Q1 2013 and a 29.2% rise as compared to Q4 2012. This was the highest growth in EPS for the Tier 1 banks that have so far reported.
Its merits as I indicated in post no.1 of this thread support my BUY recommendation on this share.
The share is also trading cum dividend (Dividend of Ksh 0.50) until 23rd of May. It will be interesting to see whether the share can touch the Ksh 18 price before books close next week Thursday.
In the next 3 months and as the Tier 1 banks trailing P/E approaches 11; the share price for Coop Bank should approach the Ksh 20 price especially if the half year earnings are as positive as the Q1 results.
My price target (next 10 months) is a price of Ksh 28.00 (65% upside potential) based on an estimated EPS of Ksh 2.70 for year ending December 2013 (The Q1 2013 EPS OF Ksh 0.62 supports my revised estimated EPS of 2.70 for the full year).
2. EQUITY BANK
The EPS of Ksh 0.87 for Q1 2013 was a 21.9% y/y increase.
The banks’ loan book is expected to rise over the remaining part of the year based on more stable macroeconomic conditions.
The bank has a ROE of 29.5% against a sector average of 26.3% (KCB ROE is 23%)
My price target for Equity Bank over the next 12 months is Ksh 48 (EPS of Ksh 4, at a P/E of 12).
3. CFC STANBIC BANK
Despite the poor ROE of 11%, it is currently trading at a P/E of 7.90 (if you factor in the rights issue shares).
It is a share that am holding purely as a short term speculative play awaiting the Q1 2013 results which if they mirror that of the other tier 1 banks, may easily push the share price to the Ksh 70 levels.
Short term Exit Price: Ksh 70
Happy Hunting.
CFC has wonderfully surprised........a 12 months target price of Ksh 100 is in order based on a 2013 EPS of about Ksh 11 and a P/E of about 9. Happy Hunting. The march to Ksh 100 for CFC Stanbic has began. It hit Ksh 70 today with the next short term target being Ksh 80 before the half year results are announced in the next two months. Happy Hunting. Twitter:stocksmaster@stocksmaster79 Waiting for the CO-OP lally kwa hamu na gamu Iam comfortably on board Co-op bank. When did u say is the start of the rally. I hope it will follow it peers and hit Sh.28 as per @stockmaster technical analysis.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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will this deal ever materialize???http://www.coastweek.com/3623_20.htm Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 4/25/2012 Posts: 110
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Fyatu wrote:will this deal ever materialize???http://www.coastweek.com/3623_20.htm
It is in place already. There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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MoneyMonger wrote:Fyatu wrote:will this deal ever materialize???http://www.coastweek.com/3623_20.htm
It is in place already. How is the share price going to be affected if GOSS takes up majority shareholding after 5 years?? Will this be equated to a buy-out?? Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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The cartoon is looking favorable to buyers.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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WHERE IS THE CARTOON??? mkeiyd wrote:
The cartoon is looking favorable to buyers.
Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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Fyatu wrote:WHERE IS THE CARTOON??? mkeiyd wrote:
The cartoon is looking favorable to buyers.
@Fyatu, I'm one of those who don't know how to post pics and charts. RSI is @34 and the price is below the Bollinger bands.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Looks like the slaughter house is open for business... There is too much blood everywhere  Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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mkeiyd wrote:Fyatu wrote:WHERE IS THE CARTOON??? mkeiyd wrote:
The cartoon is looking favorable to buyers.
@Fyatu, I'm one of those who don't know how to post pics and charts. RSI is @34 and the price is below the Bollinger bands. Requesting any wazuan out there who has the Know-how to assist @mkeiyd to put up this chart Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mkeiyd wrote: The cartoon is looking favorable to buyers. guru267 wrote:Looks like the slaughter house is open for business... There is too much blood everywhere Fed meeting coming up.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Fyatu wrote:mkeiyd wrote:Fyatu wrote:WHERE IS THE CARTOON??? mkeiyd wrote:
The cartoon is looking favorable to buyers.
@Fyatu, I'm one of those who don't know how to post pics and charts. RSI is @34 and the price is below the Bollinger bands. Requesting any wazuan out there who has the Know-how to assist @mkeiyd to put up this chart @mkeiyd, to post the chart, right click it, choose properties, then copy the address (URL), click the wazua icon for insert image >  , then paste the address (URL) ... waiting to see that image with Bollinger Bands
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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guru267 wrote:Looks like the slaughter house is open for business... There is too much blood everywhere Investors scared by capital gains tax? Money in the bank might be a good idea by the time it is implemented. If the implementation is immediate no matter when you bought the shares it might be very painful! Assuming you have shares that have appreciated by 300%+ and you try to sell them the day after the implementation and you are told, "Wait a minute, you bought this shares at Kshs. x years ago and now you are selling them at Kshs. 4x. Washa ujiga! reta hiyo pesa tugawane!!! Hii ni system ya majambazi!". And the fellow who sold days earlier keeps all his money! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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MaichBlack wrote:guru267 wrote:Looks like the slaughter house is open for business... There is too much blood everywhere Investors scared by capital gains tax? Money in the bank might be a good idea by the time it is implemented. If the implementation is immediate no matter when you bought the shares it might be very painful! Assuming you have shares that have appreciated by 300%+ and you try to sell them the day after the implementation and you are told, "Wait a minute, you bought this shares at Kshs. x years ago and now you are selling them at Kshs. 4x. Washa ujiga! reta hiyo pesa tugawane!!! Hii ni system ya majambazi!". And the fellow who sold days earlier keeps all his money! imagination galore  Pesa Nane plans to be shilingi when he grows up.
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Coop Bank - Stocksmaster's 1st Play 2013
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