@Obiero
You can't compare the aggressiveness and management style of safaricom with coop to justify the same thing was said about safaricom.
Huge number of issued shares is not a problem.Like I mentioned the bank needs to become aggressive in terms of how it does business.
I mentioned in another post that for this bank to achieve its potential;Gideon Muriuki the current CEO needs to retire from it's day to day running.
The bank needs fresh blood and ideas.Gideon has been there since 1998 and right now has no new strategic ideas and there is no succession planning.
If you want to know a good company to invest to;look at the succession planning.If there is none just know there are fishy deals been done by the current CEO and he doesn't want to leave the position for fear of the deals being exposed by his successor;Uchumi style what Kipngetich has exposed the rot that was being conducted and hidden by Jonathan Ciano.
The company also pays measly dividends;the payout is less than 30% of the after tax profit going by the previous year's results.
If they declare 30% payout as dividend on the after tax for FY2015 that will be fantastic news.70% as retained earnings I think that is adequate.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle