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Co-operative Bank fate.. discuss
Realtreaty
#681 Posted : Friday, May 25, 2018 12:46:15 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,054
First Quarter 2018 Positive
Waiting for the uncapping to see the direction this stock will take
Its an early buy- buy

https://www.nation.co.ke/busines...78766-axbib9z/index.html
mlennyma
#682 Posted : Friday, May 25, 2018 1:40:55 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,936
Location: nairobi
Realtreaty wrote:
First Quarter 2018 Positive
Waiting for the uncapping to see the direction this stock will take
Its an early buy- buy

https://www.nation.co.ke/busines...78766-axbib9z/index.html

Almost all top banks have proved the rate cap was not a death sentence and can do with or without it
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#683 Posted : Friday, May 25, 2018 1:44:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,714
Location: NAIROBI
mlennyma wrote:
Realtreaty wrote:
First Quarter 2018 Positive
Waiting for the uncapping to see the direction this stock will take
Its an early buy- buy

https://www.nation.co.ke/busines...78766-axbib9z/index.html

Almost all top banks have proved the rate cap was not a death sentence and can do with or without it


What about the economy?
Rate cap will be effective if GoK reduces it's domestic borrowing.
The banks are reporting growth as they increased investment in government securities not private sector growth
obiero
#684 Posted : Friday, May 25, 2018 2:27:19 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,671
Location: nairobi
Ericsson wrote:
mlennyma wrote:
Realtreaty wrote:
First Quarter 2018 Positive
Waiting for the uncapping to see the direction this stock will take
Its an early buy- buy

https://www.nation.co.ke/busines...78766-axbib9z/index.html

Almost all top banks have proved the rate cap was not a death sentence and can do with or without it


What about the economy?
Rate cap will be effective if GoK reduces it's domestic borrowing.
The banks are reporting growth as they increased investment in government securities not private sector growth

A sad reality
COOP 5,500; KCB 3,700; KQ 221,100
Ebenyo
#685 Posted : Friday, May 25, 2018 6:49:56 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,629
Location: Kitale
future looks bright though they should try to increase dividend payout.

https://www.standardmedia.co.ke/article/2001281722/co-op-bank-agm-approves-dividend-of-80-cents-per-share
Towards the goal of financial freedom
VituVingiSana
#686 Posted : Saturday, May 26, 2018 12:30:25 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,903
Location: Nairobi
Ericsson wrote:
mlennyma wrote:
Realtreaty wrote:
First Quarter 2018 Positive
Waiting for the uncapping to see the direction this stock will take
Its an early buy- buy

https://www.nation.co.ke/busines...78766-axbib9z/index.html

Almost all top banks have proved the rate cap was not a death sentence and can do with or without it

What about the economy?
Rate cap will be effective if GoK reduces it's domestic borrowing.
The banks are reporting growth as they increased investment in government securities not private sector growth

The reality is that many banks are making more money on a risk-reward basis on high-yielding GoK securities and Non-Interest Income rather than lending to the private sector.
Equity made it clear that it would increase its GoK debt book at the expense of its loan book. 18 months later, we see some banks with 50+% of their assets in GoK paper.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Realtreaty
#687 Posted : Monday, May 28, 2018 9:04:48 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,054
Hope Coop Bank did not COOPerate in NYS cartel fraud.
Let see which banks are greedy
obiero
#688 Posted : Tuesday, August 21, 2018 4:09:33 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,671
Location: nairobi
The cheapest bank stock at the moment
COOP 5,500; KCB 3,700; KQ 221,100
mulla
#689 Posted : Tuesday, August 21, 2018 7:11:57 PM
Rank: Member


Joined: 6/15/2013
Posts: 270
obiero wrote:
The cheapest bank stock at the moment

What's the P/E ratio of Coop Vis a Vis KCB, Equity?
Just asking. ...
obiero
#690 Posted : Tuesday, August 21, 2018 7:17:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,671
Location: nairobi
mulla wrote:
obiero wrote:
The cheapest bank stock at the moment

What's the P/E ratio of Coop Vis a Vis KCB, Equity?
Just asking. ...

Will check on tomorrow's business daily. Sina gazeti hapa
COOP 5,500; KCB 3,700; KQ 221,100
Ericsson
#691 Posted : Tuesday, August 21, 2018 7:48:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,714
Location: NAIROBI
obiero wrote:
mulla wrote:
obiero wrote:
The cheapest bank stock at the moment

What's the P/E ratio of Coop Vis a Vis KCB, Equity?
Just asking. ...

Will check on tomorrow's business daily. Sina gazeti hapa


P/E of Co-op is 8.7
P/E of Equity is 10
P/E of KCB is. 7.477
That is based on FY 2017 results
mulla
#692 Posted : Wednesday, August 22, 2018 11:29:37 AM
Rank: Member


Joined: 6/15/2013
Posts: 270
Ericsson wrote:
obiero wrote:
mulla wrote:
obiero wrote:
The cheapest bank stock at the moment

What's the P/E ratio of Coop Vis a Vis KCB, Equity?
Just asking. ...

Will check on tomorrow's business daily. Sina gazeti hapa


P/E of Co-op is 8.7
P/E of Equity is 10
P/E of KCB is. 7.477
That is based on FY 2017 results

Going by FY17 and the good results Simba posted half YR18 then KCB should be the cheapest and Equity the most expensive amongst the Tier 1.....smile
obiero
#693 Posted : Sunday, October 07, 2018 8:37:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,671
Location: nairobi
COOP 5,500; KCB 3,700; KQ 221,100
Realtreaty
#694 Posted : Friday, October 19, 2018 5:12:44 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,054
At its current price this stock is cheap owing to the strength it has.
Though I had sold a large chunk I am again moving at top speed to buy it cheap and prop my portfolio again.
How about Barclay bank? A good buy under ABSA?
Banks do not disappoint
obiero
#695 Posted : Friday, October 19, 2018 7:06:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,671
Location: nairobi
Realtreaty wrote:
At its current price this stock is cheap owing to the strength it has.
Though I had sold a large chunk I am again moving at top speed to buy it cheap and prop my portfolio again.
How about Barclay bank? A good buy under ABSA?
Banks do not disappoint

Dirt cheap.. Wish I had higher liquidity for more COOP
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#696 Posted : Monday, November 12, 2018 11:06:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,903
Location: Nairobi
Loan recoveries for Coop Bank assuming Coop made the loans?
https://www.businessdailyafrica.com/news/Former-Co-op-Bank-MD-Mureithi-loses-more-property-/539546-4848748-8afaihz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#697 Posted : Monday, November 12, 2018 11:14:11 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,429
VituVingiSana wrote:
Loan recoveries for Coop Bank assuming Coop made the loans?
https://www.businessdailyafrica.com/news/Former-Co-op-Bank-MD-Mureithi-loses-more-property-/539546-4848748-8afaihz/index.html


Should be CFC Stanbic.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#698 Posted : Monday, November 12, 2018 11:30:15 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,903
Location: Nairobi
Angelica _ann wrote:
VituVingiSana wrote:
Loan recoveries for Coop Bank assuming Coop made the loans?
https://www.businessdailyafrica.com/news/Former-Co-op-Bank-MD-Mureithi-loses-more-property-/539546-4848748-8afaihz/index.html


Should be CFC Stanbic.
Stanbic is on a roll with collecting NPLs. It has ARM on the hook. Now this guy.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#699 Posted : Sunday, June 09, 2019 11:26:11 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,671
Location: nairobi
obiero wrote:
ombaalbt wrote:
obiero wrote:
obiero wrote:
Realtreaty wrote:
obiero wrote:
winmak wrote:
obiero wrote:
Horton wrote:
Gatheuzi wrote:
ARAP CHARLES wrote:
Ebenyo wrote:
Realtreaty wrote:
Applause Applause
Going ex-DVD this Friday after having gone up to 17.50 high
Will it maintain the tempo of atleast 15 and move up to its original level 20-25 like its mates @Equity
How much will the new to be created shares dilute the Pombe?
and could dilution increase activity as we saw in safaricom thereby helping tap investors to fund
M-coop cash as a line to make money through Mobile money?


The price will come down ex-dvd due to dillution.not everyone will like to be dilluted.


Ebenyo... BONUS DEADLINE IS JUNE 30TH. It seems big dillution will come after then for now i forsee a shorter ride from where we are today..

Bonus shares don't lead to dilution per se. Every investor will be allocated prorata number of shares based on their holdings at the closing date. Price will take the direction south, but is compensated by a much bigger float leading to a similar market cap nontheless and of course assuming efficient market dynamics.



Im not so sure about that. There are more shares in the market willth demand remaining about the same all other things being equal

I am sure @gatheuzi may be wrong on this aspect.. The share will need to go down ex bonus.. By how much? Ideally, it should be the equivalent of one's holding i.e if one's portfolio was KES 17,000 cum bonus it should remain at the same KES 17,000 ex bonus but with a lower price per share


By approximately 20%

Yes. That sounds about right.. The current price is fully baked in.. All the dividend plus bonus news has been factored in.. I will be truly surprised if the share does not dip tomorrow


Liar Liar Liar Liar Liar
This Man Obiero is out and is scouting for a drop to go back in.
Obiero is gunning for 12 again after moving out at 17 raking in 5 sh per share. So if I can remember his holding @ 21500 before the dvd then he has (21500*5 = 107500 ) but I do not know his actual buying price.That price @12 he want back will deny him any other money.
May be he bought when price was @IPO range of 9 many years back. Wishing him all best....sisi bado tuko Ndaaaaaaaaaaaaaaaaaniii!!!

Lol. I don't wish COOP ill.. I like its consistency and as a tier I bank it will definitely thrive, but right now im uneasy by the way our economy is being handled

Now at KES 16.65.. http://live.mystocks.co.ke/m/stock=COOP


Is this still cut bonus even when it's ex dividend? I read somewhere that books closure for bonus issue is 30th June. Someone kindly con firm.

You are right. It's trading ex div but cum bonus. The charts were against a continued rally. Tomorrow we go to the 15s http://live.mystocks.co.ke/m/stock=COOP

A buyer's stock right now.. Just touched its fair value. Will have to suspend KQ purchases and concentrate on COOP
COOP 5,500; KCB 3,700; KQ 221,100
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