Wazua
»
Investor
»
Stocks
»
Coop Bank - Stocksmaster's 1st Play 2013
Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
|
Coop Bank behaving well today :) COOP, IMH, KEGN, KQ, MTNU
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Cde Monomotapa wrote:obiero wrote:Cde Monomotapa wrote:^We lead, others follow - ROOOARR!! (KCB - At consolidation stage)  KCB has underutilised strength and unlockin that has proved futile across change in management.. Meanwhile, banks with much lower asset base are angling for a kill! The lion is a CORPORATE bank that needed a connected captain, unfortunately the current one has shown no signs of being a master of these turbulent waters. There is a shift in the market where Coop will emerge second after Equity in next three years Well and good the competition and as I have said before, I invest in these companies, I don't work in them so business/investment reasoning & the numbers will continue to drive judgement. As for expansion, unless you're very lucky, you can't bake a cake & eat it at the same time simply because Capex is Capex, not revenue. On the retail side, I have the privilege of following KCB on twitter and every so often clients are happy with the new queue system, e-banking. mobile-banking and such like ICT driven initiatives/investments - KCB eating the cake. Need we talk of it being the true regional partner? I guess not as even the regional govts continue to agree. Watch what happens as a result of berth 19 and the 3 govts situated there...Lastly, by virtue of KCB's balance sheet, there are certain business that will naturally be drawn to KCB simply because it has the capacity. If I am correct not many banks can lend one client 5B but KCB can without a sweat. http://www.newtimes.co.r...php?i=15595&a=73505
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
|
@cde I believe the top 7 banks [Equity, SCBK, etc] can lend upto KES 5bn without being in default of CBK guidelines. Perhaps even the likes of DTB and I&M [within the top 10] can do so on a regional basis. The problem, as I see it, with KCB is the NPLs & the net exposure to NPLs Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
"We lead, others follow.." ROOAARR!! English Point Marina and KCB Unveil English Point Marina https://www.facebook.com...618962271930&type=3
Englishpoint Marina puts Mombasa on property map http://www.businessdaily...6/-/5ms129z/-/index.html
|
|
|
Rank: Member Joined: 9/16/2006 Posts: 234
|
well managed bank.heading to 50 “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
|
VituVingiSana wrote:@cde I believe the top 7 banks [Equity, SCBK, etc] can lend upto KES 5bn without being in default of CBK guidelines. Perhaps even the likes of DTB and I&M [within the top 10] can do so on a regional basis.
The problem, as I see it, with KCB is the NPLs & the net exposure to NPLs Equity is also regional and can lend upto 5B to a single client, which they did in 2012 www.businessdailyafrica....6/-/4govolz/-/index.html COOP, IMH, KEGN, KQ, MTNU
|
|
|
Rank: Member Joined: 8/14/2007 Posts: 111
|
Coop has to break the ever elusive 19bob by tomorrow friday . Each time it goes 18+ it hits a dead wall n heads south again Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
|
mypesa wrote:Coop has to break the ever elusive 19bob by tomorrow friday . Each time it goes 18+ it hits a dead wall n heads south again Let the results come out. They will have to write-down some, if not all, of the South Sudan investment! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 8/16/2011 Posts: 2,389
|
VituVingiSana wrote:mypesa wrote:Coop has to break the ever elusive 19bob by tomorrow friday . Each time it goes 18+ it hits a dead wall n heads south again Let the results come out. They will have to rite-down some, if not all, of the South Sudan investment! Coop Bank may jump quickly from 18 to an average of 22 and may be at 26 before FY. What property is owned by Coop bank apart from banking services will determine its strength. land has become a key asset and Coop may show its muscle through the properties it holds.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
|
Realtreaty wrote:VituVingiSana wrote:mypesa wrote:Coop has to break the ever elusive 19bob by tomorrow friday . Each time it goes 18+ it hits a dead wall n heads south again Let the results come out. They will have to rite-down some, if not all, of the South Sudan investment! Coop Bank may jump quickly from 18 to an average of 22 and may be at 26 before FY. What property is owned by Coop bank apart from banking services will determine its strength. land has become a key asset and Coop may show its muscle through the properties it holds. I am not bearish on Co-op but it is good to be cautious especially when there was a lot of 'expansion' riding on South Sudan. The good news is that unlike KCB or Equity, the loss may be mitigated since it was a new operation. Prudence, however, dictates a write-off of the substantial investment in South Sudan. Furthermore, an audit of the SS operation may be difficult thus a write-off (or provision) is a prudent measure. That said, I believe the Kenya business should have grown substantially post-election. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Coop Bank - Stocksmaster's 1st Play 2013
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|