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33 Pages<12345>»
Coop Bank - Stocksmaster's 1st Play 2013
obiero
#41 Posted : Wednesday, April 03, 2013 7:58:41 PM
Rank: Elder


Joined: 6/23/2009
Posts: 5,245
Location: nairobi
cooperative bank stock fair value for me is KES 17. having left the HFCK bus that was crusing at dangerous speeds, I am now strategically re-invested in the Kingdom Bank for a second time having bought some in 2008 for KES 5.8 and sold in 2010 for KES 18.5.. @wazuans what is your fair value based on your personal assumptions?

COOP 12,000; HF 5,300; KQ 139,500

wilyum
#42 Posted : Monday, April 22, 2013 12:12:04 PM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
how far down is this going?
Mukiri
#43 Posted : Monday, April 22, 2013 12:50:30 PM
Rank: Elder


Joined: 7/11/2012
Posts: 4,380
obiero wrote:
cooperative bank stock fair value for me is KES 17. having left the HFCK bus that was crusing at dangerous speeds, I am now strategically re-invested in the Kingdom Bank for a second time having bought some in 2008 for KES 5.8 and sold in 2010 for KES 18.5.. @wazuans what is your fair value based on your personal assumptions?

What price was this you left HFCK at?
Sometimes when I am bored, I go to the shamba, cover myself in earth and pretend I am a carrot
timuka
#44 Posted : Monday, April 22, 2013 1:19:12 PM
Rank: Member


Joined: 1/21/2013
Posts: 427
wilyum wrote:
how far down is this going?


Pray Pray Pray Pray
Ericsson
#45 Posted : Monday, April 22, 2013 4:21:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 2,648
Location: NAIROBI
Co-op bank will report stellar results this year and might even overtake stanchart in terms of profitability to take the number 4 slot.
The bank has closed on the following deals in the real estate market as the project financier;
--Shujaa Mall along New kangundo rd where Nakumatt is the anchor tenant
---Zuri Center in Thika where Nakumatt Thika has already set shop
---Blue Bells Apartments in Syokimau/Mlolongo;a real estate project by Safaricom Sacco comprising of 180 3 bedroom and 120 2 bedroom apartments
obiero
#46 Posted : Monday, April 22, 2013 4:50:40 PM
Rank: Elder


Joined: 6/23/2009
Posts: 5,245
Location: nairobi
Mukiri wrote:
obiero wrote:
cooperative bank stock fair value for me is KES 17. having left the HFCK bus that was crusing at dangerous speeds, I am now strategically re-invested in the Kingdom Bank for a second time having bought some in 2008 for KES 5.8 and sold in 2010 for KES 18.5.. @wazuans what is your fair value based on your personal assumptions?

What price was this you left HFCK at?

Left HFCK at KES 22.50

COOP 12,000; HF 5,300; KQ 139,500

Cde Monomotapa
#47 Posted : Monday, April 22, 2013 8:02:11 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,898
smile
mwanahisa
#48 Posted : Tuesday, April 23, 2013 10:32:50 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,430
Ericsson, perhaps you might want to give us a range for profit growth thereby elaborating further on what you mean by stellar results.

I think Coop may not manage more than 20-25% (this would still be impressive) growth in PAT this year for the following reasons:
1.The greenfield operation in South Sudan is likely to depress profits in the short run due to the set-up costs for which there will be no immediate return.
2.In 2011, Coop had a disastrous year, hence in 2012, the results were a lot higher than 2011. In 2012 Coop therefore had the benefit of coming off a low base, which flattered their results. It will not be the case this year.
3. The rebate on taxes (5 years from the listing date) that CoopBank has been enjoying will soon come to an end, if not in 2013, then certainly in 2014.


Ericsson wrote:
Co-op bank will report stellar results this year and might even overtake stanchart in terms of profitability to take the number 4 slot.
The bank has closed on the following deals in the real estate market as the project financier;
--Shujaa Mall along New kangundo rd where Nakumatt is the anchor tenant
---Zuri Center in Thika where Nakumatt Thika has already set shop
---Blue Bells Apartments in Syokimau/Mlolongo;a real estate project by Safaricom Sacco comprising of 180 3 bedroom and 120 2 bedroom apartments

Ericsson
#49 Posted : Tuesday, April 23, 2013 11:37:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 2,648
Location: NAIROBI
The projects mentioned constitute the core activity of a bank which is to lend money and make a profit via interest rate charged.
The rebate year begins to take effect in 2014 FY so thats when the 30% takes effect.
A 20% growth in profit means the bank will have clocked 12B Pre-tax profit.
The depressed profits from south sudan operation can be overcome by the share of associate profit from CIC.
A 12b profit is a gain of more than 2B from the previous year
mwanahisa
#50 Posted : Tuesday, April 23, 2013 12:22:09 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,430
It looks like we are generally in agreement that CoopBank will post some growth in their profits. The difference is that I am not bullish with regard to the quantum of growth. While you expect stellar results, I expect moderate growth. I actually think my estimate might actually be on the higher side.

Note that CoopBank's EPS in Q1 2012 was a rather high Kshs 0.56 while the full year's EPS works out to an average of Kshs 0.46. This declines to 43 cents when you take out Q1 results from the equation. To generate 20% growth in EPS in Q1 2013 vis-a-vis 2012, they will need to have made 67 cents in Q1. Methinks, they will not manage it, but we will see. They will probably improve in other quarters, but we will probably start off the year with some disappointments.
Ericsson
#51 Posted : Tuesday, April 23, 2013 12:31:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 2,648
Location: NAIROBI
Most counters will start off with some disappointments in the first quarter extending to the first half due to the general election.
Business was very low due to the cautious approach taken
VituVingiSana
#52 Posted : Wednesday, April 24, 2013 1:34:48 AM
Rank: Chief


Joined: 1/3/2007
Posts: 12,904
Location: Nairobi
Well... Coop Bank might just see another Shs 25,000,000 in income/recoveries!
http://www.businessdaily...6/-/152pfwi/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
jerry
#53 Posted : Wednesday, April 24, 2013 1:38:29 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,558
[quote=VituVingiSana]Well... Coop Bank might just see another Shs 25,000,000 in income/recoveries!
http://www.businessdaily.../-/152pfwi/-/index.html[/quote]
This is welcome payback in a Jubilee year!
The opposite of courage is not cowardice, it's conformity.
Sufficiently Philanga....thropic
#54 Posted : Wednesday, April 24, 2013 1:55:49 PM
Rank: Elder


Joined: 9/23/2010
Posts: 1,998
Location: Sundowner,Amboseli
jerry wrote:
[quote=VituVingiSana]Well... Coop Bank might just see another Shs 25,000,000 in income/recoveries!
http://www.businessdaily.../-/152pfwi/-/index.html[/quote]
This is welcome payback in a Jubilee year!

smile
Markets
wilyum
#55 Posted : Monday, April 29, 2013 9:41:30 AM
Rank: Veteran


Joined: 12/21/2011
Posts: 1,010
THIS

How will it affect the share price?
MoneyMonger
#56 Posted : Monday, April 29, 2013 12:21:53 PM
Rank: Member


Joined: 4/25/2012
Posts: 110
wilyum wrote:
THIS

How will it affect the share price?


This boosts confidence in the value of the share, a similar effect accrued when a company's CEO owns a considerable share in the company. The expected effect of this action is to either move the share price up or support it from dips; it is not the only factor to consider.
There is nothing as dangerous as an Idea, when there is only one Idea
kazee
#57 Posted : Friday, May 10, 2013 10:00:09 AM
Rank: Member


Joined: 9/18/2006
Posts: 130
Well, well, well. @stocksmaster, what is happening here? Should we wait for this bus at 15 or what?
stocksmaster
#58 Posted : Friday, May 10, 2013 11:01:04 AM
Rank: Member


Joined: 9/26/2006
Posts: 374
Location: CENTRAL PROVINCE
kazee wrote:
Well, well, well. @stocksmaster, what is happening here? Should we wait for this bus at 15 or what?


The Q1 2013 results will be indicative of the direction this share will take in the short term. If it can achieve the approx. 20% rise in earnings the rest of the tier 1 banks seem to be doing, then a 10% short term upside potential is possible. However, a flat Q1 2013 may grant your wish of Ksh 15.

Happy hunting.
mibbz
#59 Posted : Friday, May 10, 2013 1:29:27 PM
Rank: Member


Joined: 2/18/2011
Posts: 447
@stocksmaster thanks for the co-op tip, got in but thinking abt getting a second counter.what do you think abt pan Africa insuarance? Do you see price rising in light of sanlam take over?
SittingPretty
#60 Posted : Saturday, May 11, 2013 9:17:34 AM
Rank: Member


Joined: 2/16/2013
Posts: 123
Location: MSA
stocksmaster wrote:
kazee wrote:
SittingPretty wrote:
tuvok wrote:
It appears everyone was reading this...

Indeed, looks like you can take @Stocksmasters word to the bank! Sold KQ on thursday albeit at loss and boarded COOP, no regrets! Whoever the fellow is Applause Applause Applause


The reverse gear on coop and Centum has been as fast as the forward gear was. They are on such a slippery slide today. Lets see what happens from tomorrow after the mad selling is over today


Shares seem to obey Sigmund Freud's theory of Psychosexual development........if u miss a developmental stage in life, you have to revisit it later. The coop bank rally yesterday was too swift and hence the Ksh 17-17.90 range was avoided and is now being revisited.

Happy hunting.

Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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