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7 Pages«<4567>
Coop Bank 2019
Ericsson
#101 Posted : Wednesday, June 17, 2020 6:41:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
https://www.businessdail...77708-blrput/index.html

Transaction to be concluded in July.
Cooperative bank will likely merge/absorb Jamii Bora with coop bank.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
KaunganaDoDo
#102 Posted : Wednesday, June 17, 2020 11:04:46 AM
Rank: Member


Joined: 8/6/2018
Posts: 271
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html

Transaction to be concluded in July.
Cooperative bank will likely merge/absorb Jamii Bora with coop bank.


1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share
BUYOUT OFFER TERMS

Ericsson
#103 Posted : Wednesday, June 17, 2020 2:29:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html

Transaction to be concluded in July.
Cooperative bank will likely merge/absorb Jamii Bora with coop bank.


1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share
BUYOUT OFFER TERMS



Means co-op bank will run Jamii Bora as a subsidiary then later on they will make a decision of whether to absorb its business fully into co-operative bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#104 Posted : Thursday, July 02, 2020 1:32:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Now we wait to hear Spire bank suitor.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#105 Posted : Thursday, July 02, 2020 9:09:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html

Transaction to be concluded in July.
Cooperative bank will likely merge/absorb Jamii Bora with coop bank.


1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share
BUYOUT OFFER TERMS


Cooperative bank will inject ksh.1bn into Jamii Bora and appoint a new board to run the lender.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#106 Posted : Thursday, July 02, 2020 9:18:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,815
Location: nairobi
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html

Transaction to be concluded in July.
Cooperative bank will likely merge/absorb Jamii Bora with coop bank.


1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share
BUYOUT OFFER TERMS


Cooperative bank will inject ksh.1bn into Jamii Bora and appoint a new board to run the lender.

Boss moves by the Kingdom Bank
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#107 Posted : Sunday, July 05, 2020 12:04:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
obiero wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-Bank-finalises-talks-on-Jamii-Bora-acquisition/4003102-5577708-blrput/index.html

Transaction to be concluded in July.
Cooperative bank will likely merge/absorb Jamii Bora with coop bank.


1 Billions shillings for 90% Acquisition, with 100% board seats...Ksh 4.46 per share
BUYOUT OFFER TERMS


Cooperative bank will inject ksh.1bn into Jamii Bora and appoint a new board to run the lender.

Boss moves by the Kingdom Bank

They should bid for Spire bank too,that may propel them to reclaim third spot in terms of assets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#108 Posted : Tuesday, July 07, 2020 11:41:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
https://www.businessdail...588988-h2amu8/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#109 Posted : Thursday, July 16, 2020 12:48:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
https://www.businessdail...3340-uf2wb1z/index.html

Another weak bank that is a target for acquisition
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kmucheke
#110 Posted : Thursday, July 16, 2020 2:06:08 PM
Rank: Member


Joined: 3/16/2019
Posts: 171
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Credit-Bank-Sh1-billion-deal-with-Dutch-PE-fund-stalls/4003102-5593340-uf2wb1z/index.html

Another weak bank that is a target for acquisition


Quote:
We confirm that the fate of the deal is not related to the allegations against the bank’s CEO recently published in Kenyan media,” Oikocredit said in response to media queries.

Last month, Credit Bank chief executive Betty Korir was summoned to the Directorate of Criminal Investigations to provide more information on a financial deal involving Sh200 million after an anonymous whistle-blower associated the deal to money laundering.


I missed the expose on the money laundering claims. Anyone with details?

Small banks are usually susceptible to AML and KYC risks.
Ericsson
#111 Posted : Wednesday, July 22, 2020 4:49:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
https://www.businessdail...040-10qgt2xz/index.html

Figure will exceed the ksh.1 billion
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#112 Posted : Wednesday, July 22, 2020 6:52:56 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Co-op-to-pump-more-capital-into-Jamii-Bora-after-buyout/4003102-5597040-10qgt2xz/index.html

Figure will exceed the ksh.1 billion


https://www.businessdail...596066-mgrgkq/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#113 Posted : Friday, August 07, 2020 3:06:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Coop bank completes acquisition of 90% of Jamii Bora bank after getting approval from CBK and National Treasury Cabinet Secretary

https://kenyanwallstreet...-90-stake-in-jamii-bora/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#114 Posted : Saturday, August 08, 2020 7:31:18 AM
Rank: Elder


Joined: 6/23/2009
Posts: 12,815
Location: nairobi
Ericsson wrote:
Coop bank completes acquisition of 90% of Jamii Bora bank after getting approval from CBK and National Treasury Cabinet Secretary

https://kenyanwallstreet...90-stake-in-jamii-bora/

A solid move by the Kingdom Bank
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Realtreaty
#115 Posted : Saturday, August 08, 2020 1:24:14 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 2,082
[quote=Ericsson]Coop bank completes acquisition of 90% of Jamii Bora bank after getting approval from CBK and National Treasury Cabinet Secretary

https://kenyanwallstreet...90-stake-in-jamii-bora/[/quote]

The Bank does great but wonder why there are no capital gains for this stock for quite a long period.
winmak
#116 Posted : Saturday, August 08, 2020 5:25:01 PM
Rank: Member


Joined: 12/1/2007
Posts: 512
Location: Nakuru
Massive capital loss 🥺
For investors as a whole, returns decrease as motion increases ~ WB
Angelica _ann
#117 Posted : Saturday, August 08, 2020 5:37:18 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
8 bob coming_ by October 2020 smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#118 Posted : Thursday, August 13, 2020 3:00:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,836
Location: NAIROBI
Co-op Bank has restructured loans amounting to Kes 39.2 billion since the country reported its first coronavirus infection case in mid-March and says that it is still actively considering customer applications on a case-by-case basis.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
JoeNgugi
#119 Posted : Thursday, August 13, 2020 10:59:29 PM
Rank: New-farer


Joined: 9/8/2018
Posts: 23
Did they offer any dividend by the way?
Angelica _ann
#120 Posted : Thursday, August 13, 2020 11:52:06 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
JoeNgugi wrote:
Did they offer any dividend by the way?


Based on half year results, no. No interim dividend. Plus that's not their policy & practice.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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