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family bank shares up for sale
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bartum
#1 Posted : Sunday, December 25, 2011 6:10:36 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
a total of 3500 shares-family bank going for ksh,38. Call 0722320106 or 0721299689
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myfundi
#2 Posted : Tuesday, December 27, 2011 11:05:24 AM
Rank: Member

Joined: 7/18/2009
Posts: 21
Not a good buy at this time. The bank's lethargy leaves it with a poor outlook in 2012
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e_kijana
#3 Posted : Tuesday, December 27, 2011 11:07:12 AM
Rank: Member

Joined: 1/17/2009
Posts: 55
Plus they had a decline in net profits by 25% I believe... so even fundamentals just changed. One cannot even speculate seeing as they put of the IPO.
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mlennyma
#4 Posted : Tuesday, December 27, 2011 11:35:59 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Do you guys imply bartum is holding a monkeys tail?
"Don't let the fear of losing be greater than the excitement of winning."
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Sure
#5 Posted : Tuesday, December 27, 2011 3:36:55 PM
Rank: Member

Joined: 9/9/2010
Posts: 546
Location: Garissa
bartum wrote:
a total of 3500 shares-family bank going for ksh,38. Call 0722320106 or 0721299689


Can I buy the shares if am not an existing shareholder of Family Bank? I need a footing in the bank to be able to participate in future activities.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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jerry
#6 Posted : Tuesday, December 27, 2011 8:37:50 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sure wrote:
bartum wrote:
a total of 3500 shares-family bank going for ksh,38. Call 0722320106 or 0721299689


Can I buy the shares if am not an existing shareholder of Family Bank? I need a footing in the bank to be able to participate in future activities.

@sure. I don't think so. Did they do a split? What's the original price of a share being at 38/=? 30/=?
The opposite of courage is not cowardice, it's conformity.
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ekahindi
#7 Posted : Wednesday, December 28, 2011 9:30:54 AM
Rank: New-farer

Joined: 5/8/2011
Posts: 45
The share price was around ksh70 before they did a split of 3:1 bringing it a price of around ksh22-23
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jerry
#8 Posted : Wednesday, December 28, 2011 10:42:00 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
ekahindi wrote:
The share price was around ksh70 before they did a split of 3:1 bringing it a price of around ksh22-23

thanks @ekahindi. I remember the min amount to enter the private placement was 30k. What I don't know is the equivalent in shares.
The opposite of courage is not cowardice, it's conformity.
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myfundi
#9 Posted : Wednesday, December 28, 2011 12:35:49 PM
Rank: Member

Joined: 7/18/2009
Posts: 21
These shares were initially sold at kshs 60.00 in Nov 2006. The split was 2.5:1 in Sep 2009 par value of Kshs 2.00 bringing down the price per share to Kshs 24. It would take about three months for a transfer to be effected.

The following link may also be of assistance

http://www.wazua.co.ke/f...aspx?g=posts&t=8753

Again, this bank has weak management policies I predict 25% lower profit for financial year 2011 compared to 2010
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  | | Edit by user: Wednesday, December 28, 2011 12:37 PM | Reason: Not specified
Gordon Gekko
#10 Posted : Wednesday, December 28, 2011 2:08:54 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
My offer ksh 8/- a share. g.gekkoATymailDOTcom
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