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I&M Bank to List at NSE via City Trust.
VituVingiSana
#131 Posted : Tuesday, June 25, 2013 8:45:05 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
the deal wrote:
Paying Sh112 for this thing is madness...FY 2012...Q1 2013 have been mediocre...At 112 there are better banking stocks to pick! Sh75 is the Fair Price!
I'll buy yours at 76. Have your broker offer them ASAP.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#132 Posted: : Tuesday, June 25, 2013 8:55:51 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
the deal wrote:
Paying Sh112 for this thing is madness...FY 2012...Q1 2013 have been mediocre...At 112 there are better banking stocks to pick! Sh75 is the Fair Price!
I'll buy yours at 76. Have your broker offer them ASAP.

At that level, its a VERY STRONG BUY. @the deal, place that offer 1st thing when market open
Aguytrying
#133 Posted : Tuesday, June 25, 2013 9:06:08 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Anyone attending the bell ringing ceremony.
The keyword here is new kid on the block, fair value discussions will occur after the dust settles. the market will decide how much they want to pay for I&M even if it's 150.
which makes it a very bad/risky time to buy for the buyers.
i just love the excitement of a new listing though
The investor's chief problem - and even his worst enemy - is likely to be himself
the deal
#134 Posted : Tuesday, June 25, 2013 9:07:56 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Yes I'm a seller today...I will finally get rid of my megre City Trust shares...it was a good play!
mwekez@ji
#135 Posted : Tuesday, June 25, 2013 9:20:34 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
Yes I'm a seller today...I will finally get rid of my megre City Trust shares...it was a good play!


I&M ticker is on. Waiting for you ...
mukiha
#136 Posted : Tuesday, June 25, 2013 9:29:38 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Dear Mr Mukiha

Thank you for your excellent feedback and I do hope you will also send me your honest criticism if we ever deserve it.

The capital restructuring is only at the shareholder level and will not affect our corporate culture at all. We will remain as customer focused as ever and try to offer quality services so that you will always feel that you are the only customer that we have!! I had decided to send the mail so that all our valued customers were fully informed about the nature of the transaction from us directly.

Incidentally, in order that we can get quick feedback from anyone who is not satisfied at any time we have an email ID : customerservice@imbank.co.ke and even call our call centre at 3221 000. All queries to the call centre are seen by me and monitored by various senior colleagues of mine. With your kind support I am sure we will remain a GREAT bank always at your service.

Best regards, Arun

Arun S. Mathur,
CEO
I & M Bank Ltd., I & M Bank House, 2nd Ngong Avenue, Nairobi, KENYA
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
VituVingiSana
#137 Posted : Tuesday, June 25, 2013 9:30:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
the deal wrote:
Paying Sh112 for this thing is madness...FY 2012...Q1 2013 have been mediocre...At 112 there are better banking stocks to pick! Sh75 is the Fair Price!
I'll buy yours at 76. Have your broker offer them ASAP.

At that level, its a VERY STRONG BUY. @the deal, place that offer 1st thing when market open
@thedeal will not walk the walk. I have a small bid position up to take up his shares ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#138 Posted : Tuesday, June 25, 2013 9:32:46 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I&M Holdings Limited will have 392,362,039
issued shares, let us consider that as we fix the price but I am seeing vast fluctuations today.
some because of those making capital gains in the deal and some fixing the price. we'll k ow in a couple of minutes
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
VituVingiSana
#139 Posted : Tuesday, June 25, 2013 9:33:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
mukiha wrote:
Dear Mr Mukiha

Thank you for your excellent feedback and I do hope you will also send me your honest criticism if we ever deserve it.

The capital restructuring is only at the shareholder level and will not affect our corporate culture at all. We will remain as customer focused as ever and try to offer quality services so that you will always feel that you are the only customer that we have!! I had decided to send the mail so that all our valued customers were fully informed about the nature of the transaction from us directly.

Incidentally, in order that we can get quick feedback from anyone who is not satisfied at any time we have an email ID : customerservice@imbank.co.ke and even call our call centre at 3221 000. All queries to the call centre are seen by me and monitored by various senior colleagues of mine. With your kind support I am sure we will remain a GREAT bank always at your service.

Best regards, Arun

Arun S. Mathur,
CEO
I & M Bank Ltd., I & M Bank House, 2nd Ngong Avenue, Nairobi, KENYA
Nice ;-)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#140 Posted : Tuesday, June 25, 2013 9:38:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
First Trades:

BIDS 86,200
Quantity Price Splits Time
7,200 95.00 3 09:36:38
5,000 93.00 1 09:36:38
5,000 91.00 1 09:36:38
4,000 90.00 3 09:36:38
50,000 76.00 1 09:36:38
ASKS 110,000
Quantity Price Splits Time
10,000 119.00 1 09:36:38
50,000 120.00 1 09:36:38
50,000 200.00 1 09:36:38
- - - -
- - - -
TRADES
Quantity Price Time
2,500 93.00 09:30:01
2,500 93.00 09:30:01
2,500 93.00 09:30:01
2,500 93.00 09:30:01
- - -
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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