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9 Pages«<6789>
Coop Bank 2019
Ebenyo
#141 Posted : Tuesday, September 22, 2020 7:27:12 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,876
Location: Kitale
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
babashuge
#142 Posted : Tuesday, September 22, 2020 3:28:53 PM
Rank: New-farer


Joined: 1/4/2019
Posts: 57
Location: Nairobi
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
obiero
#143 Posted : Wednesday, September 23, 2020 6:39:49 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,839
Location: nairobi
babashuge wrote:
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

Baloobhai at 83 still actively trading
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
VituVingiSana
#144 Posted : Wednesday, September 23, 2020 8:18:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,262
Location: Nairobi
https://www.businessdail...who-stole-sh2-6m-2305706
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#145 Posted : Wednesday, September 23, 2020 8:38:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,983
Location: NAIROBI
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
Ebenyo
#146 Posted : Wednesday, September 23, 2020 8:50:30 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,876
Location: Kitale
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
VituVingiSana
#147 Posted : Wednesday, September 23, 2020 9:02:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,262
Location: Nairobi
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
babashuge
#148 Posted : Thursday, September 24, 2020 4:50:10 AM
Rank: New-farer


Joined: 1/4/2019
Posts: 57
Location: Nairobi
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
VituVingiSana
#149 Posted : Thursday, September 24, 2020 5:07:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,262
Location: Nairobi
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
Ericsson
#150 Posted : Sunday, September 27, 2020 8:21:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,983
Location: NAIROBI
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
obiero
#151 Posted : Sunday, September 27, 2020 1:58:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,839
Location: nairobi
Ericsson wrote:
Coop bank will regain position 3 in terms of assets by overtaking NCBA.

A solid bank
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#152 Posted : Thursday, October 22, 2020 4:48:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,983
Location: NAIROBI
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
VituVingiSana
#153 Posted : Friday, October 23, 2020 7:20:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,262
Location: Nairobi
https://www.businessdail...oan-default-risk-2719480
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kmucheke
#154 Posted : Friday, October 23, 2020 9:04:47 AM
Rank: Member


Joined: 3/16/2019
Posts: 196
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.
Ericsson
#155 Posted : Friday, October 23, 2020 9:46:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,983
Location: NAIROBI
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
obiero
#156 Posted : Sunday, October 25, 2020 8:53:10 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,839
Location: nairobi
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
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#157 Posted : Monday, October 26, 2020 12:39:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,983
Location: NAIROBI
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
obiero
#158 Posted : Monday, October 26, 2020 1:35:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,839
Location: nairobi
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
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#159 Posted : Tuesday, October 27, 2020 7:18:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,983
Location: NAIROBI
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
VituVingiSana
#160 Posted : Tuesday, October 27, 2020 8:09:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,262
Location: Nairobi
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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