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Family Bank listing by introduction soon!
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Cde Monomotapa
#21 Posted : Wednesday, July 13, 2011 12:24:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwanahisa wrote:
Cde Monomotapa wrote:
Let it come so we can shark it to 12 bob like Uchumi.

Don't be too hard on this share. It is not that bad...

Neither is (new) Uchumi. Thanx sellers smile
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Cde Monomotapa
#22 Posted : Wednesday, July 13, 2011 12:43:05 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Did U know that Uchumi makes closely as much profits as Scan and that it has less shares, 265M, 280M respectively yet Uchumi has a mkt cap.of 2.8B and Scan 15B? Tafakari...
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Cde Monomotapa
#23 Posted : Wednesday, July 13, 2011 12:45:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Did U know that Uchumi makes closely as much profits as Scan and that it has less shares, 265M, 280M respectively yet Uchumi has a mkt cap.of 2.8B and Scan 15B? Tafakari...

And this is less those bloody tax credits.
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  | | Edit by user: Wednesday, July 13, 2011 12:46 PM | Reason: Not specified
Mainat
#24 Posted : Wednesday, July 13, 2011 12:45:20 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Mpenzi wrote:
Mainat wrote:
Interesting...

Timing again is questionable.

Hunderwear-its an advert in the Daily Nation.
Btw, an introduction is cheaper to do than an IPO and can get you gains if well priced.



I just dont understand the so-called investors in Wazua. What is the "unquestionable" time for listing on the exchange???? And particularly in the case of a listing by way of introduction - there is a presumption that whoever will buy has an idea of what the exchange is all about!


Mpenzi-hope you woke up feeling well and your day is going well.
Its just a discussion. I'm a so-called investor and obviously I would hope I know a little bit about the NSE. Do you?
In doing an IPO, the practice the world over is to list when the market's mood is either bouyant or foolishly bullish
Sehemu ndio nyumba
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selah
#25 Posted : Wednesday, July 13, 2011 12:47:21 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@Mwanahisa is right this banks performance is lousy take 2010 for instance.

ROE=16.01% majority of other banks had an ROE of over 20%

ROA = 2.48% which is the lowest among its peers.

The bank controls 6.54% of the countries total deposits accounts and 4.7% of the total loan accounts.

In terms of past performance the banks has been performing poorly but it has a potential to outperform the industry's bigwigs if it gets a good management and adequate capitalization.

'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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  | | Edit by user: Wednesday, July 13, 2011 12:49 PM | Reason: Not specified
Genghis Khan
#26 Posted : Wednesday, July 13, 2011 3:13:26 PM
Rank: Member

Joined: 8/5/2010
Posts: 335
Location: Nairobi
mwanahisa wrote:
Lek wrote:
OTC price is now @ 26-27


I love the way guys are suckered into buying high priced shares on the OTC expecting an Equity like performance upon listing without first comparing with shares that are already listed.

Family Bank's 2010 EPS and DPS were Kshs 1.62 and 0.40 respectively with NBV at Kshs 12.92.

At the price of 27 you can therefore see the share is expensive with a PE of 16.7 and a Dividend yield of 1.5%. The PBV is about average at 2.09.

Now tell me where is the upside UNLESS you can show me the GROWTH.

If TKMuya is giving away 1% of the bank worh maybe 40m, what has the MD promised in return?
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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kenyainvestor
#27 Posted : Wednesday, July 13, 2011 6:56:35 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
mwanahisa wrote:


Now tell me where is the upside UNLESS you can show me the GROWTH.


FUNKY wrote:
@ mwanahisa - You can't compare Family Bank with huge banks like CO-OP and Equity. These banks will always be ahead of Family bank. Also note Family bank is not regional even so PAT will obviously differ. let's hope the new CEO become's the JAMES MWANGI of Family Bank.


This bank grew faster than Bank of Kigali last yer. See the very end of my Bank of Kigali Analysis

LINK: CLICK HERE
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Horton
#28 Posted : Wednesday, July 13, 2011 7:02:00 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Cde Monomotapa wrote:
Did U know that Uchumi makes closely as much profits as Scan and that it has less shares, 265M, 280M respectively yet Uchumi has a mkt cap.of 2.8B and Scan 15B? Tafakari...



Is that before or after uchumis tax credit? I think when uchumi starts paying taxes like every other company, eps should come down
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Cde Monomotapa
#29 Posted : Wednesday, July 13, 2011 7:02:57 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Did U know that Uchumi makes closely as much profits as Scan and that it has less shares, 265M, 280M respectively yet Uchumi has a mkt cap.of 2.8B and Scan 15B? Tafakari...

And this is less those bloody tax credits.
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kyt
#30 Posted : Wednesday, July 13, 2011 11:29:42 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Did U know that Uchumi makes closely as much profits as Scan and that it has less shares, 265M, 280M respectively yet Uchumi has a mkt cap.of 2.8B and Scan 15B? Tafakari...

And this is less those bloody tax credits.


@cde why do you havr to quote yourself and write nothing #chenxtype
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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