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Family Bank shares
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TUPAC
#1 Posted : Saturday, September 18, 2010 10:50:56 PM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
where can i get the family bank shares over the counter? i understand they were sold at 60 bob during the private placement.
and what could be the cost at the moment?
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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PKoli
#2 Posted : Saturday, September 18, 2010 11:34:31 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
TUPAC wrote:
where can i get the family bank shares over the counter? i understand they were sold at 60 bob during the private placement.
and what could be the cost at the moment?


I have also been looking for this share. It looks as rare as CiC. Do you have an account with Family Bank?
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TUPAC
#3 Posted : Sunday, September 19, 2010 12:00:56 AM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
@pkoli
i dont have an account with them. which broker deals in these shares? as for cic am sure we shall get the shares @the saccos.
family could be the next gem @nse.
do i need an account with them to get the shares ama?
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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PKoli
#4 Posted : Sunday, September 19, 2010 12:33:51 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
TUPAC wrote:
@pkoli
i dont have an account with them. which broker deals in these shares? as for cic am sure we shall get the shares @the saccos.
family could be the next gem @nse.
do i need an account with them to get the shares ama?


They do not have any broker dealing in the shares. I am told you can only get them at the Bank. That means you must have an account with them.
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TUPAC
#5 Posted : Sunday, September 19, 2010 12:43:48 AM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
@koli
ok. thats even better. may be you could also do some research on the cost. hve you tried to buy some?
will then open an accout and place an order.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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PKoli
#6 Posted : Sunday, September 19, 2010 1:09:26 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
TUPAC wrote:
@koli
ok. thats even better. may be you could also do some research on the cost. hve you tried to buy some?
will then open an accout and place an order.


I had tried to get them but the brokers said only the bank deals in the shares. I will try to find out from some guys who have them on the cost. All I am looking for is to get in and have a few shares. I can then build them slowly so that by the time of listing I should have like 10000. when they list they will obviously give a bonus or share plit. This is the next gem as you said earlier.
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youcan'tstopusnow
#7 Posted : Sunday, September 19, 2010 2:52:22 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Email for share info. Family Bank Shares: shares@familybank.co.ke
GOD BLESS YOUR LIFE
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PKoli
#8 Posted : Sunday, September 19, 2010 3:02:30 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
Email for share info. Family Bank Shares: shares@familybank.co.ke


@youcan'tstopusnow

Thanks for the info. We will start the hunting
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Pablo
#9 Posted : Monday, September 20, 2010 1:57:57 PM
Rank: Member

Joined: 3/17/2008
Posts: 567
Location: Nairobi
From hwat I know when I tried to purchase them 2 yrs back, they could only sell to those who were already shareholders. There was some legal issue why they could not get new shareholders.

Dont know if this was ever resolved.
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underweight
#10 Posted : Monday, September 20, 2010 4:20:28 PM
Rank: Member

Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
I tried selling my shares two weeks ago and was informed that it was going for between Kshs 22.00-24.00. That equates to 55- 60 before the split that was done last year. Note that The Private placement was at 60.00 and rights issue that I believe as a flop was at 22.00. Its only sold to shareholder. Though you can open a joint account with a shareholder and You'll be eligible to buy them.
"A bad decision made now is beta that a good one made later!!"
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