Wazua
»
Investor
»
Stocks
»
Co-operative Bank fate.. discuss
Rank: Elder Joined: 8/16/2011 Posts: 2,386
|
There are 3 Banks that everyone want to bank with due to their regional branch coverage- Co-operative, Equity and KCB. Some people have accounts with either two or three.
Has the maturing of Co-op increase in its effective tax rate tell why it's price has tumbled from best of 26 to now 17.50?
I presummed the bank will not see below 20 Kes again after its steady growth and expansion.
Who is selling and who is buying?
Why the fall in price putting in mind that its a lender to most of the cooperative societies and play a bigger role in other businesses like Agri-business, transport industry,Chamas etc
Please discuss........
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
you drive too many buses on wazua Co-op needs to get rid of its CEO and also trim its top levels. McKinsey will recommend the same thing they did for KCB i.e. a CEO should not stay more than 7 years and get rid of the managers they are too many. But the recommendations will most likely be shelved for being too radical and the market has discounted the price accordingly Quote:As part of realising its so-called ‘2015 to 2019 growth strategy’, the Co-op Bank has decided to bring in the expertise of external consultants. Following an internal evaluation of potential candidates the bank’s management choose for the services of McKinsey & Company, the world’s largest and arguably also the most prestigious strategy consultancy. The advisors have been given three months’ time to, based on the growth targets in place, come up with initiatives that will fuel the ambition, including the identification of growth initiatives but also topics aimed at boosting the company’s internal operations.
In a statement, the listed commercial bank says McKinsey’s findings are expected to enhance the bank's growth momentum, improve its organisational structure as well as enhancing operating models and operational efficiency. “The review will benchmark the bank with industry best practice locally and regional,” says Gideon Muriuki, CEO of Co-operative Bank.
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
Realtreaty wrote:There are 3 Banks that everyone want to bank with due to their regional branch coverage- Co-operative, Equity and KCB. Some people have accounts with either two or three.
Has the maturing of Co-op increase in its effective tax rate tell why it's price has tumbled from best of 26 to now 17.50?
I presummed the bank will not see below 20 Kes again after its steady growth and expansion.
Who is selling and who is buying?
Why the fall in price putting in mind that its a lender to most of the cooperative societies and play a bigger role in other businesses like Agri-business, transport industry,Chamas etc
Please discuss........ Am also perplexed by this horrible stock. I blame Gideon Muriuki.....his strategy is poor. Give J M this green thing and he will make it an Elephant. Upuuus mtupu. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
mkonomtupu wrote:you drive too many buses on wazua Co-op needs to get rid of its CEO and also trim its top levels. McKinsey will recommend the same thing they did for KCB i.e. a CEO should not stay more than 7 years and get rid of the managers they are too many. But the recommendations will most likely be shelved for being too radical and the market has discounted the price accordingly Quote:As part of realising its so-called ‘2015 to 2019 growth strategy’, the Co-op Bank has decided to bring in the expertise of external consultants. Following an internal evaluation of potential candidates the bank’s management choose for the services of McKinsey & Company, the world’s largest and arguably also the most prestigious strategy consultancy. The advisors have been given three months’ time to, based on the growth targets in place, come up with initiatives that will fuel the ambition, including the identification of growth initiatives but also topics aimed at boosting the company’s internal operations.
In a statement, the listed commercial bank says McKinsey’s findings are expected to enhance the bank's growth momentum, improve its organisational structure as well as enhancing operating models and operational efficiency. “The review will benchmark the bank with industry best practice locally and regional,” says Gideon Muriuki, CEO of Co-operative Bank.  the C E O, he wants to be "good boy" braaaari him. just like Nai KUNI, Kidero.... Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Its high time he should step down and let somebody else take the mantle and shepherd the bank. If he is still talking of the strategy 2015-2019 that he wants to implement mr.market will slap the bank. I had mentioned this before that the only way for the bank is a change in mgt.Somebody who was born when he was becoming ceo is now finishing form four. woiii Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
Ericsson wrote:Its high time he should step down and let somebody else take the mantle and shepherd the bank.
If he is still talking of the strategy 2015-2019 that he wants to implement mr.market will slap the bank.
I had mentioned this before that the only way for the bank is a change in mgt.Somebody who was born when he was becoming ceo is now finishing form four. woiii Hapana yawa, guy took over around 2001 thereabout!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
Angelica _ann wrote:Ericsson wrote:Its high time he should step down and let somebody else take the mantle and shepherd the bank.
If he is still talking of the strategy 2015-2019 that he wants to implement mr.market will slap the bank.
I had mentioned this before that the only way for the bank is a change in mgt.Somebody who was born when he was becoming ceo is now finishing form four. woiii Hapana yawa, guy took over around 2001 thereabout!!! that is 15 yrs,huoni siku hizi WATOTO wanamaliza ni at most 16yrs. @Angelica this is true kumbuka tuko dec so watu wako form four already.....  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 7/11/2012 Posts: 5,222
|
Boris Boyka wrote:mkonomtupu wrote:you drive too many buses on wazua Co-op needs to get rid of its CEO and also trim its top levels. McKinsey will recommend the same thing they did for KCB i.e. a CEO should not stay more than 7 years and get rid of the managers they are too many. But the recommendations will most likely be shelved for being too radical and the market has discounted the price accordingly Quote:As part of realising its so-called ‘2015 to 2019 growth strategy’, the Co-op Bank has decided to bring in the expertise of external consultants. Following an internal evaluation of potential candidates the bank’s management choose for the services of McKinsey & Company, the world’s largest and arguably also the most prestigious strategy consultancy. The advisors have been given three months’ time to, based on the growth targets in place, come up with initiatives that will fuel the ambition, including the identification of growth initiatives but also topics aimed at boosting the company’s internal operations.
In a statement, the listed commercial bank says McKinsey’s findings are expected to enhance the bank's growth momentum, improve its organisational structure as well as enhancing operating models and operational efficiency. “The review will benchmark the bank with industry best practice locally and regional,” says Gideon Muriuki, CEO of Co-operative Bank. the C E O, he wants to be "good boy" braaaari him. just like Nai KUNI, Kidero.... Gidi is not going anywhere. I know him personally and he plays to win, all being fair in love and war. If Taito stayed as long as he did, in KQ... Kidero went as far as he did with Mumias, don't hold your breath here.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
After kelele mingi the counter took an about turn today and is back to 18. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
|
Someone was doing a pump and dump.Now the counter is on a recovery mode to where it was before. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Wazua
»
Investor
»
Stocks
»
Co-operative Bank fate.. discuss
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.
|