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I & M bank private placement.
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kyt
#11 Posted : Friday, November 19, 2010 7:51:49 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
mike sonko indeed!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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young
#12 Posted : Friday, November 19, 2010 8:00:35 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Please enlighten the forum with facts about the bank ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Gatheuzi
#13 Posted : Sunday, November 21, 2010 7:22:36 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Who has information on;
EPS
Price to Book Value
Return on Total Assets

Not that I have the 20M but it doesn't harm to dream.

On other news guys without the cash can use City Trust but IMHO City T is expensive.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Gordon Gekko
#14 Posted : Sunday, November 21, 2010 8:34:44 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
I bank with I&M and it is frankly the 2nd best bank I've ever used. The collapsed Meridien Biao was the best. Small, personal, friendly. I bank at Kenyatta and one day happened to walk into their Ngong Road Branch. Shock upon me, the lady at the counter remembered me from Kenyatta and I was pleasantly surprised. Not that I have a face one remember, I'm colourless. Can you imagine that happening to you at say SCB? Just hope that the new shareholders will not change the strategy - it is working and I love it.
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VituVingiSana
#15 Posted : Sunday, November 21, 2010 9:15:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@Gatheuzi]
EPS = Expected at 74-84/- for FY 2010
Price to Book Value = 2.5
Return on Total Assets = Don't know!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#16 Posted : Sunday, November 21, 2010 9:18:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Gordon Gekko wrote:
I bank with I&M and it is frankly the 2nd best bank I've ever used. The collapsed Meridien Biao was the best. Small, personal, friendly. I bank at Kenyatta and one day happened to walk into their Ngong Road Branch. Shock upon me, the lady at the counter remembered me from Kenyatta and I was pleasantly surprised. Not that I have a face one remember, I'm colourless. Can you imagine that happening to you at say SCB? Just hope that the new shareholders will not change the strategy - it is working and I love it.

The staff are friendly & SMILE... Not the cheapest but you can get stuff done! They even 'know' you such that when they see unusual activity on your account, they call you!!!

*** If you have 20.6mn or can be part of a chama that can pool the cash to buy the shares... do it...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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bartum
#17 Posted : Sunday, November 21, 2010 9:45:05 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
VituVingiSana wrote:
@Gatheuzi]
EPS = Expected at 74-84/- for FY 2010
Price to Book Value = 2.5
Return on Total Assets = Don't know!

that gives a P.E of above 10. I better buy a listed bank DTB.
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VituVingiSana
#18 Posted : Sunday, November 21, 2010 9:49:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
bartum wrote:
VituVingiSana wrote:
@Gatheuzi]
EPS = Expected at 74-84/- for FY 2010
Price to Book Value = 2.5
Return on Total Assets = Don't know!

that gives a P.E of above 10. I better buy a listed bank DTB.

True expect the Bond Trading gains are 480-600mn [from what I was told] for 3Qs 2010 whereas DTBK [an excellent bank] has KES 1bn.

The PER based on 1H 2010 was 12.5 [though lower if you include 3Q 2010]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#19 Posted : Sunday, November 21, 2010 10:34:47 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Hmmm, slightly miffed with these recent placements which don't seem to offer much of a discount off the normal market. To commit or not?

A quick walk down memory lane shows Equity Bank did list at an almost equivalent P/E in 2006. Considering they only had branches in Nairobi and Central, the answer as to whether it was a good buy is growth company http://bankelele.blogspo...nk-listing-to-z_27.html

Feels like if I relook with these perspective - already demonstrated and clear future growth potential - everything a little less hazy.
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bartum
#20 Posted : Monday, November 22, 2010 9:06:41 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@muganda not all placements are grab. CiC has historic eps of 6 for a 3 yr growth of conservative 30% gives eps of 13. For a price of 27 the pe will be 1. Just like coop before the listed.
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