wazua Fri, Mar 20, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages<1234>»
COOP Bank Q3 2017 down by 10%
Options
Previous Topic · Next Topic
VituVingiSana
#11 Posted : Friday, November 10, 2017 9:29:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
watesh wrote:
Angelica _ann wrote:
obiero wrote:
MadDoc wrote:
Ericsson wrote:
Coop bank loan book size has overtaken overtake equity bank's

However, on PBT 13 vs 20B.

Soon, EQTY will be toppled if they don't react more aggressively to the environment.. KCB though appears untouchable.. It's recent decisions have appeared inspired by the gods


Equity is regrouping, let the political dust settle you will see serious moves early next year. Watch this space!!!

Equity reduced its loan book to lend to the govt at a bigger margin.
They saw it was more profitable to do so.

Why lend to Wanjiku (at 14%) with all the drama [courts, IFRS9] if Wanjiku defaults when GoK is paying default-free 12%?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Ebenyo
#12 Posted : Wednesday, November 15, 2017 8:25:20 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
jawgey wrote:
Ericsson wrote:
Co-operative Bank of South Sudan that has a partnership with Government of South Sudan (Co-op Bank 51 percent and GOSS 49 percent) made a profit of Sh30 Million in the period.


Not bad considering the circumstances. Better days lie ahead.



it was a very good move to partner with SS govt.Other kenyan banks which went their solo,have really suffered.
Towards the goal of financial freedom
Back to top
  |
Ericsson
#13 Posted : Wednesday, December 13, 2017 9:41:35 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...5936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
obiero
#14 Posted : Wednesday, December 13, 2017 1:25:16 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
http://www.businessdailyafrica.com/news/Billionaire-Baloobhai-raises-Co-op-Bank-stake/539546-4225936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.

A bold move by a top KQ investor

KQ ABP 4.26
Back to top
WWW
  |
VituVingiSana
#15 Posted : Wednesday, December 13, 2017 3:32:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/news/Billionaire-Baloobhai-raises-Co-op-Bank-stake/539546-4225936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.

A bold move by a top KQ investor
Who probably regrets buying KQ instead of Co-op in 2012 Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
obiero
#16 Posted : Wednesday, December 13, 2017 4:12:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/news/Billionaire-Baloobhai-raises-Co-op-Bank-stake/539546-4225936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.

A bold move by a top KQ investor
Who probably regrets buying KQ instead of Co-op in 2012 Laughing out loudly Laughing out loudly Laughing out loudly

Remember I was once in COOP.. A solid bank with good prospects. But wait for the Open Offer ratio before you laugh too hard at KQ investors. The joke may be on you

KQ ABP 4.26
Back to top
WWW
  | | Edit by user: Wednesday, December 13, 2017 4:13 PM | Reason: Not specified
VituVingiSana
#17 Posted : Wednesday, December 13, 2017 4:20:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/news/Billionaire-Baloobhai-raises-Co-op-Bank-stake/539546-4225936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.

A bold move by a top KQ investor
Who probably regrets buying KQ instead of Co-op in 2012 Laughing out loudly Laughing out loudly Laughing out loudly

Remember I was once in COOP.. A solid bank with good prospects. But wait for the Open Offer ratio before you laugh too hard at KQ investors. The joke may be on you
I feel sorry for KQ shareholders who bought shares in the Rights Issue coz they were lied to... 14/- to the current price (divided by 4) without any dividends. Good luck to those who still believe in KQ.

I hope KQ will thrive under Mikosz and Joseph but the rapacious staff are waiting to suck KQ dry. In the meantime, the likes of Naikuni and Mbugua are laughing at the KQ shareholders.

On Coop, I want it to do well but I prefer the mid-tier banks which seem to be more innovative and nimble. I am quite impressed with how DTB and its shares have performed.

Can Coop be as nimble?
Where/how will Coop grow?

I hope Kenya's economy starts firing on all cylinders after the brutal 2017 election season. All banks should benefit from a better economy.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Wednesday, December 13, 2017 4:23 PM | Reason: Not specified
obiero
#18 Posted : Wednesday, December 13, 2017 4:24:36 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/news/Billionaire-Baloobhai-raises-Co-op-Bank-stake/539546-4225936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.

A bold move by a top KQ investor
Who probably regrets buying KQ instead of Co-op in 2012 Laughing out loudly Laughing out loudly Laughing out loudly

Remember I was once in COOP.. A solid bank with good prospects. But wait for the Open Offer ratio before you laugh too hard at KQ investors. The joke may be on you
I feel sorry for KQ shareholders who bought shares in the Rights Issue coz they were lied to... 14/- to the current price (divided by 4) without any dividends. Good luck to those who still believe in KQ.

I hope KQ will thrive under Mikosz and Joseph but the rapacious staff are waiting to suck KQ dry. In the meantime, the likes of Naikuni and Mbugua are laughing at the KQ shareholders.

On Coop, I want it to do well but I prefer the mid-tier banks which seem to be more innovative and nimble. I am quite impressed with how DTB and its shares have performed.

Can Coop be as nimble?
Where/how will Coop grow?

I hope Kenya's economy starts firing on all cylinders after the brutal 2017 election season. All banks should benefit from a better economy.

That KQ rights issue was a con job

KQ ABP 4.26
Back to top
WWW
  |
Ericsson
#19 Posted : Wednesday, December 13, 2017 4:43:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/news/Billionaire-Baloobhai-raises-Co-op-Bank-stake/539546-4225936-awf8cvz/index.html

Billionaire investor Baloobhai Patel has more than quadrupled his stake in Co-op Bank to Sh403 million, becoming the second-largest individual investor in the Nairobi Securities Exchange-listed firm.
Co-op Bank said in regulatory filings that Mr Patel raised his ownership from 5.8 million shares in February to 25.2 million in September, boosting his stake in the lender from 0.12 per cent to 0.43 per cent.
The value of his shareholding jumped from Sh93.8 million to Sh403 million over the same period based on the bank’s share price of Sh16 on Monday.

A bold move by a top KQ investor
Who probably regrets buying KQ instead of Co-op in 2012 Laughing out loudly Laughing out loudly Laughing out loudly

Remember I was once in COOP.. A solid bank with good prospects. But wait for the Open Offer ratio before you laugh too hard at KQ investors. The joke may be on you
I feel sorry for KQ shareholders who bought shares in the Rights Issue coz they were lied to... 14/- to the current price (divided by 4) without any dividends. Good luck to those who still believe in KQ.

I hope KQ will thrive under Mikosz and Joseph but the rapacious staff are waiting to suck KQ dry. In the meantime, the likes of Naikuni and Mbugua are laughing at the KQ shareholders.

On Coop, I want it to do well but I prefer the mid-tier banks which seem to be more innovative and nimble. I am quite impressed with how DTB and its shares have performed.

Can Coop be as nimble?
Where/how will Coop grow?

DTB is more widespread than Coop regionally.DTB is in Uganda,Burundi,Tanzania,Kenya.
Coop is only in Kenya and South Sudan

I hope Kenya's economy starts firing on all cylinders after the brutal 2017 election season. All banks should benefit from a better economy.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
VituVingiSana
#20 Posted : Wednesday, December 13, 2017 5:32:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@Ericsson - And SS is nothing to talk about. There may be some profits from SS but until the war is truly over, it's going to be hard to grow in SS.

DTB is in all EAC countries except Rwanda [which surprises me]...

Could Coop's model of JVs with coop movements or govts be a limiting factor as it tries to expand into EAC?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
5 Pages<1234>»
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.