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I & M bank private placement.
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mwanahisa
#21 Posted : Monday, November 22, 2010 9:34:01 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
VituVingiSana wrote:
@Gatheuzi]
EPS = Expected at 74-84/- for FY 2010
Price to Book Value = 2.5
Return on Total Assets = Don't know!


@VVS, might you have the IM/Prospectus? If not where can one get it?
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mwanahisa
#22 Posted : Monday, November 22, 2010 9:40:02 AM
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Posts: 1,438
@VVS, I have just seen your post no. 2. I will check it out with SIB. Shukran for the info.
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VituVingiSana
#23 Posted : Monday, November 22, 2010 10:54:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
mwanahisa 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!


@VVS, might you have the IM/Prospectus? If not where can one get it?

I looked at someone else's... The minimum of 20.6mn was too high for me!

Ask SIB or go to I&M at 2nd Avenue Ngong. BTW, it's by 'invitation only' coz of CMA rules...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#24 Posted : Monday, November 22, 2010 12:15:19 PM
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Joined: 1/7/2010
Posts: 1,279
Location: nbi
VVs- you mean they are doing a placement against cma rules?
The Governor of Nyeri - 2017
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VituVingiSana
#25 Posted : Monday, November 22, 2010 1:13:16 PM
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Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
Wa_ithaka wrote:
VVs- you mean they are doing a placement against cma rules?

They are OK. What happens is that CMA does not control Private Placements but there are restrictions...

1) Max of 99 shareholders (Company Act to be considered a Private Firm) thus I&M wants 2.4bn BUT can only accept LARGE 'investors' who can put a minimum of 20mn each. [Minimum so some will invest KES 200mn, etc]

2) The 'invitation only' means the 'average mwananchi' is not allowed by CMA to invest. I disagree with CMA lakini mta do? [The theory is that you & I with less than 20mn are not as smart as QIIs or HNWIs]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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drake
#26 Posted : Thursday, November 25, 2010 5:29:12 PM
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Joined: 8/8/2009
Posts: 170
Closes in a few minutes...
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Gordon Gekko
#27 Posted : Thursday, November 25, 2010 8:40:58 PM
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Joined: 5/27/2008
Posts: 3,760
drake wrote:
Closes in a few minutes...

I fear for this placement, the guy who could have saved it is cooling his heels at the Kileleshwa Police Station. smile smile smile
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youcan'tstopusnow
#28 Posted : Thursday, November 25, 2010 9:02:05 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Gordon Gekko wrote:
drake wrote:
Closes in a few minutes...

I fear for this placement, the guy who could have saved it is cooling his heels at the Kileleshwa Police Station. smile smile smile

Laughing out loudlyLaughing out loudlyLaughing out loudly
Fear not GG. Wako wengi. Their shopping money which would have been spent in the U.S.A, might find its way to I & M
GOD BLESS YOUR LIFE
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VituVingiSana
#29 Posted : Thursday, November 25, 2010 9:11:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
I thought it closes kesho... Not that it matters to me... I am no sonko...

Considering how many firms have been (easily) able to raise funds, I believe I&M Bank will probably raise the KES 2-2.4bn they want with little hassle...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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