Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Sunday, Jun 16, 2019
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
KenyaRe FY19 - FY23 (Both Inclusive) [199]
Kenya Airways...why ignore.. [12907]
Low End Housing: High Risk, High Return [325]
Bitcoin: Does it have a future ? [1089]
Equity Bank FY 2018 net profit up 5% [45]
KenGen HY 2019 [59]
KCB and NBK material announcement [93]
NBK FY18 [11]
Williamson Tea &, Kapchorua [25]
Kitengela to Rongai Road Construction and Tarmacki... [38]
Centum FY 2019 eps up 69% with div of 1.20/- [37]
Rongai Road Expansion [60]
Briatm, Britam, Britam sounds like sweet candy! [1201]
Safaricom FY 2018/19 [121]
TPS Serena FY16 [26]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

35 Pages123>»
Co-operative Bank fate.. discuss
Realtreaty
#1 Posted : Tuesday, December 09, 2014 2:36:49 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,054
There are 3 Banks that everyone want to bank with due to their regional branch coverage- Co-operative, Equity and KCB. Some people have accounts with either two or three.
Has the maturing of Co-op increase in its effective tax rate tell why it's price has tumbled from best of 26 to now 17.50?
I presummed the bank will not see below 20 Kes again after its steady growth and expansion.
Who is selling and who is buying?
Why the fall in price putting in mind that its a lender to most of the cooperative societies and play a bigger role in other businesses like Agri-business, transport industry,Chamas etc
Please discuss........
mkonomtupu
#2 Posted : Tuesday, December 09, 2014 2:50:41 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,000
Location: River Road
you drive too many buses on wazua

Co-op needs to get rid of its CEO and also trim its top levels. McKinsey will recommend the same thing they did for KCB i.e. a CEO should not stay more than 7 years and get rid of the managers they are too many. But the recommendations will most likely be shelved for being too radical and the market has discounted the price accordingly

Quote:
As part of realising its so-called ‘2015 to 2019 growth strategy’, the Co-op Bank has decided to bring in the expertise of external consultants. Following an internal evaluation of potential candidates the bank’s management choose for the services of McKinsey & Company, the world’s largest and arguably also the most prestigious strategy consultancy. The advisors have been given three months’ time to, based on the growth targets in place, come up with initiatives that will fuel the ambition, including the identification of growth initiatives but also topics aimed at boosting the company’s internal operations.

In a statement, the listed commercial bank says McKinsey’s findings are expected to enhance the bank's growth momentum, improve its organisational structure as well as enhancing operating models and operational efficiency. “The review will benchmark the bank with industry best practice locally and regional,” says Gideon Muriuki, CEO of Co-operative Bank.
Boris Boyka
#3 Posted : Tuesday, December 09, 2014 2:55:48 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,976
Location: Here
Realtreaty wrote:
There are 3 Banks that everyone want to bank with due to their regional branch coverage- Co-operative, Equity and KCB. Some people have accounts with either two or three.
Has the maturing of Co-op increase in its effective tax rate tell why it's price has tumbled from best of 26 to now 17.50?
I presummed the bank will not see below 20 Kes again after its steady growth and expansion.
Who is selling and who is buying?
Why the fall in price putting in mind that its a lender to most of the cooperative societies and play a bigger role in other businesses like Agri-business, transport industry,Chamas etc
Please discuss........

Am also perplexed by this horrible stock. I blame Gideon Muriuki.....his strategy is poor. Give J M this green thing and he will make it an Elephant. Upuuus mtupu.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Boris Boyka
#4 Posted : Tuesday, December 09, 2014 2:59:39 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,976
Location: Here
mkonomtupu wrote:
you drive too many buses on wazua

Co-op needs to get rid of its CEO and also trim its top levels. McKinsey will recommend the same thing they did for KCB i.e. a CEO should not stay more than 7 years and get rid of the managers they are too many. But the recommendations will most likely be shelved for being too radical and the market has discounted the price accordingly

Quote:
As part of realising its so-called ‘2015 to 2019 growth strategy’, the Co-op Bank has decided to bring in the expertise of external consultants. Following an internal evaluation of potential candidates the bank’s management choose for the services of McKinsey & Company, the world’s largest and arguably also the most prestigious strategy consultancy. The advisors have been given three months’ time to, based on the growth targets in place, come up with initiatives that will fuel the ambition, including the identification of growth initiatives but also topics aimed at boosting the company’s internal operations.

In a statement, the listed commercial bank says McKinsey’s findings are expected to enhance the bank's growth momentum, improve its organisational structure as well as enhancing operating models and operational efficiency. “The review will benchmark the bank with industry best practice locally and regional,” says Gideon Muriuki, CEO of Co-operative Bank.

Applause Applause Applause the C E O, he wants to be "good boy" braaaari him. just like Nai KUNI, Kidero....
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Ericsson
#5 Posted : Tuesday, December 09, 2014 3:20:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,689
Location: NAIROBI
Its high time he should step down and let somebody else take the mantle and shepherd the bank.
If he is still talking of the strategy 2015-2019 that he wants to implement mr.market will slap the bank.
I had mentioned this before that the only way for the bank is a change in mgt.Somebody who was born when he was becoming ceo is now finishing form four. woiii
Angelica _ann
#6 Posted : Tuesday, December 09, 2014 6:33:01 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,416
Ericsson wrote:
Its high time he should step down and let somebody else take the mantle and shepherd the bank.
If he is still talking of the strategy 2015-2019 that he wants to implement mr.market will slap the bank.
I had mentioned this before that the only way for the bank is a change in mgt.Somebody who was born when he was becoming ceo is now finishing form four. woiii

Hapana yawa, guy took over around 2001 thereabout!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Boris Boyka
#7 Posted : Tuesday, December 09, 2014 7:30:08 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,976
Location: Here
Angelica _ann wrote:
Ericsson wrote:
Its high time he should step down and let somebody else take the mantle and shepherd the bank.
If he is still talking of the strategy 2015-2019 that he wants to implement mr.market will slap the bank.
I had mentioned this before that the only way for the bank is a change in mgt.Somebody who was born when he was becoming ceo is now finishing form four. woiii

Hapana yawa, guy took over around 2001 thereabout!!!

that is 15 yrs,huoni siku hizi WATOTO wanamaliza ni at most 16yrs. @Angelica this is true kumbuka tuko dec so watu wako form four already.....Laughing out loudly Laughing out loudly
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Mukiri
#8 Posted : Tuesday, December 09, 2014 9:34:44 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,202
Boris Boyka wrote:
mkonomtupu wrote:
you drive too many buses on wazua

Co-op needs to get rid of its CEO and also trim its top levels. McKinsey will recommend the same thing they did for KCB i.e. a CEO should not stay more than 7 years and get rid of the managers they are too many. But the recommendations will most likely be shelved for being too radical and the market has discounted the price accordingly

Quote:
As part of realising its so-called ‘2015 to 2019 growth strategy’, the Co-op Bank has decided to bring in the expertise of external consultants. Following an internal evaluation of potential candidates the bank’s management choose for the services of McKinsey & Company, the world’s largest and arguably also the most prestigious strategy consultancy. The advisors have been given three months’ time to, based on the growth targets in place, come up with initiatives that will fuel the ambition, including the identification of growth initiatives but also topics aimed at boosting the company’s internal operations.

In a statement, the listed commercial bank says McKinsey’s findings are expected to enhance the bank's growth momentum, improve its organisational structure as well as enhancing operating models and operational efficiency. “The review will benchmark the bank with industry best practice locally and regional,” says Gideon Muriuki, CEO of Co-operative Bank.

Applause Applause Applause the C E O, he wants to be "good boy" braaaari him. just like Nai KUNI, Kidero....

Gidi is not going anywhere. I know him personally and he plays to win, all being fair in love and war. If Taito stayed as long as he did, in KQ... Kidero went as far as he did with Mumias, don't hold your breath here.

Proverbs 19:21
Ericsson
#9 Posted : Wednesday, December 10, 2014 10:26:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,689
Location: NAIROBI
After kelele mingi the counter took an about turn today and is back to 18.
Ericsson
#10 Posted : Wednesday, December 10, 2014 11:01:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,689
Location: NAIROBI
Someone was doing a pump and dump.Now the counter is on a recovery mode to where it was before.
Bachuma Gate
#11 Posted : Wednesday, December 10, 2014 8:05:50 PM
Rank: Member


Joined: 3/26/2012
Posts: 280
COOP offloads 160 staff

Mckinsey output. stock exchange can influence decisions at times. price at 17.60
DOH
streetwise
#12 Posted : Thursday, December 11, 2014 10:02:02 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,739
Location: Nairobi
I think this bank can go further but radicall change is necessary ..they may try start by changing the name
Angelica _ann
#13 Posted : Thursday, December 11, 2014 10:11:40 AM
Rank: Elder


Joined: 12/7/2012
Posts: 10,416
Bachuma Gate wrote:
COOP offloads 160 staff

Mckinsey output. stock exchange can influence decisions at times. price at 17.60

Karink????
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Boris Boyka
#14 Posted : Thursday, December 11, 2014 10:39:15 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,976
Location: Here
Angelica _ann wrote:
Bachuma Gate wrote:
COOP offloads 160 staff

Mckinsey output. stock exchange can influence decisions at times. price at 17.60

Karink????

@Ann huyu @Machuma is a coop insider maybe yee ndio amewafuta smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Mainat
#15 Posted : Thursday, December 11, 2014 10:44:40 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,583
Name change is radical? Are you a consultant per chance?
Refreshing the leadership is always the key step if you want to do something radical...

However, Muriuki is I believe co-ops largest individual shareholder. He'll only go home if he has committed fraud.

streetwise wrote:
I think this bank can go further but radicall change is necessary ..they may try start by changing the name

Sehemu ndio nyumba
Cde Monomotapa
#16 Posted : Thursday, December 11, 2014 11:42:13 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,962
I can see a lot of scoreboard watching here. We should spend more time on what makes the scoreboard.

Era of super profits for banks is almost over. Hapa watu watashangazwa sana. With the inflation outlook and KBRR as effective as the fuel pricing formula, better be holding banks for other reasons than mega profits.

Even the banks with regional Ops have like 70% of earnings from KE.

i also wonder why people are risking with MSC.
Realtreaty
#17 Posted : Thursday, December 11, 2014 4:14:48 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,054
160 MANAGERS......what were they doing?
How much gonna be saved?
Will the laydown be an expense this year as it reads this December....ati tumelipa managers who were cut-off....!
Now back to drawing board....were these managers who learnt they must go the ones pulling the price down to damage the image of the Bank?
There are alot of spaces in Banking Industry for them after gaining good experience at CO-OP.
The McKinsey broom is strong.
K-Rep, Family, Eco-bnk need these Managers if they can deliver.
The Agency Banking has rubbed Bank workers hard!!!....Co-opa kwa jamii will not need a Manager, only structures
The optimist
#18 Posted : Thursday, December 11, 2014 4:27:06 PM
Rank: Member


Joined: 6/14/2010
Posts: 519
Location: Nairobi
Angelica _ann wrote:
Bachuma Gate wrote:
COOP offloads 160 staff

Mckinsey output. stock exchange can influence decisions at times. price at 17.60

Karink????

Here is the rink
TAZ
#19 Posted : Thursday, December 11, 2014 4:35:06 PM
Rank: Elder


Joined: 11/14/2007
Posts: 4,152
Boris Boyka wrote:
Angelica _ann wrote:
Bachuma Gate wrote:
COOP offloads 160 staff

Mckinsey output. stock exchange can influence decisions at times. price at 17.60

Karink????

@Ann huyu @Machuma is a coop insider maybe yee ndio amewafuta smile


http://www.standardmedia...nk-lays-off-160-managers
Impunity
#20 Posted : Thursday, December 11, 2014 6:05:39 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,003
Location: Masada
Realtreaty wrote:
160 MANAGERS......what were they doing?
How much gonna be saved?
Will the laydown be an expense this year as it reads this December....ati tumelipa managers who were cut-off....!
Now back to drawing board....were these managers who learnt they must go the ones pulling the price down to damage the image of the Bank?
There are alot of spaces in Banking Industry for them after gaining good experience at CO-OP.
The McKinsey broom is strong.
K-Rep, Family, Eco-bnk need these Managers if they can deliver.
The Agency Banking has rubbed Bank workers hard!!!....Co-opa kwa jamii will not need a Manager, only structures


What are 160 managers managing?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Users browsing this topic
Guest
35 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2019 Wazua.co.ke. All Rights Reserved.