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I&M Bank FY 2011 results
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The Merchant
#41 Posted : Wednesday, May 25, 2011 12:02:23 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Check this out wazua folk...

P/E MULTIPLE COMPARISON, I&M and other banks;

To 31.12.2010
I&M =11
NIC =9.09
DTB =9.85
CFC =6.24

TO 31.03.2011
I&M=8.6
NIC=7.94
DTB=10.66
CFC=UNAVAILABLE

PRICE TO BOOK MULTIPLE
TO 31.12.2010
I&M=2.01
NIC=2.08
DTB=2.52
CFC=2.06

TO 31.03.2011
I&M=1.98
NIC=1.97
DTB=2.33
CFC=UNAVAILABLE

Comparatively I&M looks good if you ask me.



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VituVingiSana
#42 Posted : Wednesday, May 25, 2011 12:12:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
The Merchant wrote:
VituVingiSana wrote:
The Merchant wrote:
Investors, however, seem to love this company including the wazua folk. We should have formed a co. ASAP and bought the minimum shares on offer. Hmmmm...
That is an excellent idea! 20mn is a lot of cash for one person but not for 20 joined together!

Apparently the CMA (Company Act) wanted less than 100 shareholders thus to raise 2.4bn I&M Bank needed to sell large chunks to each investor. Even then it was 26% oversubscribed without widespread advertising.


Yup! 20 of us put in a million each and there we are, we can start discussing a company we own part of. Just sacrifice a few tuskers each!!!!Laughing out loudly
TransCentury?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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The Merchant
#43 Posted : Wednesday, May 25, 2011 12:34:36 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
VituVingiSana wrote:
The Merchant wrote:
VituVingiSana wrote:
The Merchant wrote:
Investors, however, seem to love this company including the wazua folk. We should have formed a co. ASAP and bought the minimum shares on offer. Hmmmm...
That is an excellent idea! 20mn is a lot of cash for one person but not for 20 joined together!

Apparently the CMA (Company Act) wanted less than 100 shareholders thus to raise 2.4bn I&M Bank needed to sell large chunks to each investor. Even then it was 26% oversubscribed without widespread advertising.


Yup! 20 of us put in a million each and there we are, we can start discussing a company we own part of. Just sacrifice a few tuskers each!!!!Laughing out loudly
TransCentury?

smile Why not? Plenty of opportunities out there where like minded people can achieve significant success and massive wealth if only they plan and work together. I&M is one such opportunity. im guessing from the 85 investors listed some were companies, no?
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The Merchant
#44 Posted : Wednesday, May 25, 2011 9:07:03 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
I&M opening a premier branch in riverside. More 'corporates' coming in. BTW I love this bank because it has the best customer service I know of in banking. I would love to own this stock. They have 300,000 shares under the green shoe option. Maybe its not too late @vvs?
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invest0r
#45 Posted : Thursday, May 26, 2011 9:23:38 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
The Merchant wrote:
I&M opening a premier branch in riverside. More 'corporates' coming in. BTW I love this bank because it has the best customer service I know of in banking. I would love to own this stock. They have 300,000 shares under the green shoe option. Maybe its not too late @vvs?


There are no shares available under the green shoe option. I& M was to raise KES2.4Billion (Including the green shoe option) and the private placement was oversubscribed by 26%. They receied over KES3Billion and they had to process refunds after exhausting the green shoe option.

Without a doubt, this bank is a good investment and informed investors have confidence in the bank. Is there any other way of getting the banks shares?
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  | | Edit by user: Thursday, May 26, 2011 9:24 AM | Reason: Not specified
The Merchant
#46 Posted : Thursday, May 26, 2011 10:18:36 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
invest0r wrote:
The Merchant wrote:
I&M opening a premier branch in riverside. More 'corporates' coming in. BTW I love this bank because it has the best customer service I know of in banking. I would love to own this stock. They have 300,000 shares under the green shoe option. Maybe its not too late @vvs?


There are no shares available under the green shoe option. I& M was to raise KES2.4Billion (Including the green shoe option) and the private placement was oversubscribed by 26%. They receied over KES3Billion and they had to process refunds after exhausting the green shoe option.

Without a doubt, this bank is a good investment and informed investors have confidence in the bank. Is there any other way of getting the banks shares?

None that I,or anybody else here for that matter, know of. Maybe we should approach the board and make them 'an offer they can't refuse'...smile Sad smile
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VituVingiSana
#47 Posted : Thursday, May 26, 2011 11:52:45 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
The Merchant wrote:
invest0r wrote:
The Merchant wrote:
I&M opening a premier branch in riverside. More 'corporates' coming in. BTW I love this bank because it has the best customer service I know of in banking. I would love to own this stock. They have 300,000 shares under the green shoe option. Maybe its not too late @vvs?


There are no shares available under the green shoe option. I& M was to raise KES2.4Billion (Including the green shoe option) and the private placement was oversubscribed by 26%. They receied over KES3Billion and they had to process refunds after exhausting the green shoe option.

Without a doubt, this bank is a good investment and informed investors have confidence in the bank. Is there any other way of getting the banks shares?

None that I,or anybody else here for that matter, know of. Maybe we should approach the board and make them 'an offer they can't refuse'...smile Sad smile
The next move is either 1) buy them from existing shareholders 2) wait for another (assignable) Rights or Private Placement
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#48 Posted : Wednesday, July 13, 2011 4:36:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Now we wait for the 2Q results! I expect Equity to be the first to announce then the others will follow...!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#49 Posted : Wednesday, July 13, 2011 4:44:01 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
VituVingiSana wrote:
Now we wait for the 2Q results! I expect Equity to be the first to announce then the others will follow...!


Do you think Equity's results will be great?

BBI will solve it :)
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FUNKY
#50 Posted : Wednesday, July 13, 2011 4:51:01 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Equity should be posting a growth of above 40 percent atleast.
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