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Coop Bank 2019 and beyond
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:Big volumes have been traded on the counter last and this week. Maybe Gedion Muriuki is adding more shares Towards the goal of financial freedom
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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Ebenyo wrote:Ericsson wrote:Big volumes have been traded on the counter last and this week. Maybe Gedion Muriuki is adding more shares Adding or reducing? https://www.businessdail...9930-rl7gskz/index.html
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Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi
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Baloobhai at 83 still actively trading
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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https://www.businessdail...who-stole-sh2-6m-2305706Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:https://www.businessdailyafrica.com/bd/economy/slap-on-wrist-for-co-op-bank-teller-who-stole-sh2-6m-2305706 Interesting judgement Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:https://www.businessdailyafrica.com/bd/economy/slap-on-wrist-for-co-op-bank-teller-who-stole-sh2-6m-2305706 He stole 2.6 million and fined 250,000. Won't this encourage other tellers in coop to steal too? Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ebenyo wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/bd/economy/slap-on-wrist-for-co-op-bank-teller-who-stole-sh2-6m-2305706 He stole 2.6 million and fined 250,000. Won't this encourage other tellers in coop to steal too? Not just Coop but other banks too. Other thieves may use this ruling (by an incompetent Chief Magistrate) as precedence. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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VituVingiSana wrote:Ebenyo wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/bd/economy/slap-on-wrist-for-co-op-bank-teller-who-stole-sh2-6m-2305706 He stole 2.6 million and fined 250,000. Won't this encourage other tellers in coop to steal too? Not just Coop but other banks too. Other thieves may use this ruling (by an incompetent Chief Magistrate) as precedence. In corporate business, when you steal, just ensure to steal just a little extra for bribes/bail
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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babashuge wrote:VituVingiSana wrote:Ebenyo wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/bd/economy/slap-on-wrist-for-co-op-bank-teller-who-stole-sh2-6m-2305706 He stole 2.6 million and fined 250,000. Won't this encourage other tellers in coop to steal too? Not just Coop but other banks too. Other thieves may use this ruling (by an incompetent Chief Magistrate) as precedence. In corporate business, when you steal, just ensure to steal just a little extra for bribes/bail He will get a REFUND on his bail. Stole 2.6mn Bail 500k Fine 250k Refund 250k Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Coop bank will regain position 3 in terms of assets by overtaking NCBA. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi
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Ericsson wrote:Coop bank will regain position 3 in terms of assets by overtaking NCBA. A solid bank
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Virtual AGM was today. Anyone who has information on anything interesting that was said. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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https://www.businessdail...oan-default-risk-2719480Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/16/2019 Posts: 313
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VituVingiSana wrote:https://www.businessdailyafrica.com/bd/corporate/companies/co-op-hires-mckinsey-cut-loan-default-risk-2719480 How much will they be paying McKinsey & Company? These guys don't come cheap.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:https://www.businessdailyafrica.com/bd/corporate/companies/co-op-hires-mckinsey-cut-loan-default-risk-2719480 Effects of corona virus pandemic have started hitting their financials. Q3 and Q4 they should disclose the full impact and do the necessary provisions. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/bd/corporate/companies/co-op-hires-mckinsey-cut-loan-default-risk-2719480 Effects of corona virus pandemic have started hitting their financials. Q3 and Q4 they should disclose the full impact and do the necessary provisions. They are stable than most. Just increased caution
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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https://www.businessdail...local-expansion-2721822
Co-op bank to focus on local expansion Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/bd/corporate/companies/co-op-bank-focus-on-local-expansion-2721822
Co-op bank to focus on local expansion Wisdom
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Coop bank requires ksh.12.5 billion to revamp Jamii Bora. A dividend reduction,rights issue may be in the offing for shareholders. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ericsson wrote:Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders. What was Coop's PAT for 1H 2020? 12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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