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COOP Bank Q3 2017 down by 10%
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Ericsson wrote: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  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 SudanI hope Kenya's economy starts firing on all cylinders after the brutal 2017 election season. All banks should benefit from a better economy. All evidence points to the contrary on that last paragraph. For KE to reboot properly, some hard and painful (in the short term) decisions have to be taken but the feelers from treasury suggests no one is willing to do anything till the proverbial shit hits the fan. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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lochaz-index wrote:Ericsson wrote: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 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 SudanI hope Kenya's economy starts firing on all cylinders after the brutal 2017 election season. All banks should benefit from a better economy. All evidence points to the contrary on that last paragraph. For KE to reboot properly, some hard and painful (in the short term) decisions have to be taken but the feelers from treasury suggests no one is willing to do anything till the proverbial shit hits the fan. You are speaking the truth
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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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. Baloobhai is so much exposed in banking stocks: 1.Barclays 2.Kcb 3.Dtb 4.Coop Towards the goal of financial freedom
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax.... IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change... Flights to Nigeria have now been cancelled... possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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maka wrote:Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax....
IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change...
Flights to Nigeria have now been cancelled... He'll react Uchumi CEO way... I hope minority shareholders are listening to eye witness accounts! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Spikes wrote:maka wrote:Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax....
IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change...
Flights to Nigeria have now been cancelled... He'll react Uchumi CEO way... I hope minority shareholders are listening to eye witness accounts! @maka is quite a sophisticated investor who I take seriously.. So I have read his post with an eye out
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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maka wrote:Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax....
IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change...
Flights to Nigeria have now been cancelled... Angalia sasa,mtu analeta discussion that is totally unrelated to the topic. KQ and sebastian is being discussed in another topic/forum. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:maka wrote:Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax....
IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change...
Flights to Nigeria have now been cancelled... Angalia sasa,mtu analeta discussion that is totally unrelated to the topic. KQ and sebastian is being discussed in another topic/forum. Oops Admin move this... pole @Ericsonn JW asubuhi... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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maka wrote:Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax....
IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change...
Flights to Nigeria have now been cancelled... Everyone but the shareholders made money off KQ. Why don’t the aggrieved KQ staff better quit? Banks, as a partial reaction to the rate caps, have started automating their functions. BBK, I&M, etc have installed ATMs that can accept cash. Soon tellers will be considered “luxuries” and counter transactions will be charged. I think Equity has done so. What’s the status with Coop and automation/outsourcing? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:maka wrote:Am sorry to say this but I dont think Sebastian will do much he is a very combative fellow who looks down upon his directors... One director actually said he was close to punching him last week... Nigerian peeps have given the airline till Tue to sort out their demands... Jana was like a movie... staff in Nigeria refused KQ passengers to board backed by Nigerian police... Rem we still have airport closure at JKIA... the Station manager had to tell the staff to take him hostage as the plane came with 40 pax....
IMHO Sebastian needs to tone down on how he relates with junior workers am seeing him exit in a few months if he doesnt change...
Flights to Nigeria have now been cancelled... Everyone but the shareholders made money off KQ. Why don’t the aggrieved KQ staff better quit? Banks, as a partial reaction to the rate caps, have started automating their functions. BBK, I&M, etc have installed ATMs that can accept cash. Soon tellers will be considered “luxuries” and counter transactions will be charged. I think Equity has done so. What’s the status with Coop and automation/outsourcing? @vvs.The aggrieved will never leave KQ since they know it's a good employer. Meanwhile COOP bank has embraced alternative channels fully.. A solid bank
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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A solid bank but with chinks in its armor.. Systems collapsed today https://www.businessdail...39246-9n19saz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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[quote=obiero]A solid bank but with chinks in its armor.. Systems collapsed today https://www.businessdail...9246-9n19saz/index.html[/quote] This outages occur at times.All banks have experienced it Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Its been a while since I heard of such a major one in a top tier. Nowadays they have offline capability, but as you say, hizi vitu zimejengwa na binadamu.. Kama sisi twaweza kufa sembuse machini
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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120.2 million shares to 110.3 million shares. Redflag really? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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murchr wrote:120.2 million shares to 110.3 million shares. Redflag really? Nothing like a red flag, not even orange.. This was BAU
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 12/1/2007 Posts: 538 Location: Nakuru
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murchr wrote:120.2 million shares to 110.3 million shares. Redflag really? can't ignore it when it is the big man at the top pulling this. And the article says he does this once the wave reaches the top For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 12/1/2007 Posts: 538 Location: Nakuru
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obiero wrote:murchr wrote:120.2 million shares to 110.3 million shares. Redflag really? Nothing like a red flag, not even orange.. This was BAU Sorry what is BAU Sir Obiero? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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winmak wrote:obiero wrote:murchr wrote:120.2 million shares to 110.3 million shares. Redflag really? Nothing like a red flag, not even orange.. This was BAU Sorry what is BAU Sir Obiero? Business as usual Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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No cause of alarm.its profit taking.He buys more when its low and sells when its high. Towards the goal of financial freedom
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COOP Bank Q3 2017 down by 10%
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