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Coop Bank Q3 2010 results review
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mwanahisa
#1 Posted : Thursday, November 11, 2010 11:37:55 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Best performance among the big banks in terms of Net Profit growth at 74.76%.

PBT - Kshs 4,382,822,000
PAT - Kshs 3,731,031,000

EPS - Kshs 1.07

Qtr on Qtr growth - 7.27%.
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Much Know
#2 Posted : Thursday, November 11, 2010 12:13:46 PM
Rank: Elder

Joined: 12/6/2008
Posts: 3,579
If possible give link to financial report, DTK is appearing on its place at NSE.CO.KE. thanks
Ras Kienyeji Man
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Sufficiently Philanga....thropic
#3 Posted : Thursday, November 11, 2010 12:18:30 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
No doubt GReat results for Q3. But contributing to the high EPS growth of 75.4% is the tax savings.
Q3PBT 2010 vs Q3PBT 2009 - 53.6% Growth
Q3PAT 2010 vs Q3PAT 2009 - 74.76% Growth

Could they have understated tax or is it prudent tax planning?
@SufficientlyP
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mwanahisa
#4 Posted : Thursday, November 11, 2010 12:37:53 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Sufficiently Philanga....thropic wrote:
No doubt GReat results for Q3. But contributing to the high EPS growth of 75.4% is the tax savings.
Q3PBT 2010 vs Q3PBT 2009 - 53.6% Growth
Q3PAT 2010 vs Q3PAT 2009 - 74.76% Growth

Could they have understated tax or is it prudent tax planning?


Coop and Equity have both been enjoying a tax rebate which they got on listing. (I wonder why my favourite bank I & M does not list, so that they can enjoy the same).

Therefore an increase in PBT results in a more than proportionate increase in PAT. The PAT is LEVERAGED.
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wangugi
#5 Posted : Thursday, November 11, 2010 1:35:16 PM
Rank: New-farer

Joined: 10/5/2010
Posts: 23
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Sober
#6 Posted : Thursday, November 11, 2010 2:01:09 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
wangugi wrote:


http://www.nse.co.ke/new...nts/CO_OP%20RESULTS.pdf





Applause Applause Applause Applause thanks.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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wangugi
#7 Posted : Thursday, November 11, 2010 2:26:16 PM
Rank: New-farer

Joined: 10/5/2010
Posts: 23
impressive results, especially the growth in deposits (53.64%) thus profit growth looks sustainable
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Sufficiently Philanga....thropic
#8 Posted : Thursday, November 11, 2010 3:15:14 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
mwanahisa wrote:
Sufficiently Philanga....thropic wrote:
No doubt GReat results for Q3. But contributing to the high EPS growth of 75.4% is the tax savings.
Q3PBT 2010 vs Q3PBT 2009 - 53.6% Growth
Q3PAT 2010 vs Q3PAT 2009 - 74.76% Growth

Could they have understated tax or is it prudent tax planning?


Coop and Equity have both been enjoying a tax rebate which they got on listing. (I wonder why my favourite bank I & M does not list, so that they can enjoy the same).

Therefore an increase in PBT results in a more than proportionate increase in PAT. The PAT is LEVERAGED.

Many Thanks!
@SufficientlyP
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VituVingiSana
#9 Posted : Thursday, November 11, 2010 8:06:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mwanahisa wrote:
I wonder why my favourite bank I & M does not list, so that they can enjoy the same)
There is something going on here. Kuna kitu...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gatoho
#10 Posted : Friday, November 12, 2010 5:47:14 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
VituVingiSana wrote:
mwanahisa wrote:
I wonder why my favourite bank I & M does not list, so that they can enjoy the same)
There is something going on here. Kuna kitu...



@ VVs been following your comments and you seem like quite an astute investor. Followed you bout Kenol and can't quite complain.. Would you have time for this villager who wants to be your protege? Thats when am in Nairobi!
Foresight..
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