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I&M Bank FY 2011 results
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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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!!!!  TransCentury? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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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!!!! TransCentury?  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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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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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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Rank: Member Joined: 12/15/2010 Posts: 162
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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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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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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'... 
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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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'... 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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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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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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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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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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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Equity should be posting a growth of above 40 percent atleast.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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FUNKY wrote:Equity should be posting a growth of above 40 percent atleast. that would be superb performance. However, the share price is seriously misbehaving
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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Equity posts great numbers but why are there no complaints against the huge interest margins it makes? Double Standards? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:Equity posts great numbers but why are there no complaints against the huge interest margins it makes? Double Standards? What do you mean? Njuguna Ndung'u and Kibaki have been complaining for years. Thta's why Kibaki is pushing for controls in the bank sector. Ama? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:Now we wait for the 2Q results! I expect Equity to be the first to announce then the others will follow...! Equatorial Commercial Bank has reliesed its HY 2011 numbers and its income and assets have grown by leaps and bounds. Equity should realise great numbers
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Rank: Chief Joined: 1/3/2007 Posts: 18,261 Location: Nairobi
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youcan'tstopusnow wrote:VituVingiSana wrote:Equity posts great numbers but why are there no complaints against the huge interest margins it makes? Double Standards? What do you mean? Njuguna Ndung'u and Kibaki have been complaining for years. Thta's why Kibaki is pushing for controls in the bank sector. Ama? Not the way OMCs (e.g. KK) is attacked. Gripes are mostly against the industry. RoE & RoA are very high in Kenya's banking industry. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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I&M records 40% growth in PBT (to KES 4.95B) after coming from a high growth of 96% in 2010. Performance was boosted by 44% growth in interest from loans and 60% growth in forex income. Efficiency ratio at 33.3% and Net NPA ratio dropped to 0.43% from 1.19%  I&M performance beat its peer DTB hands down http://www.imbank.com/KE/inner.asp?cat=annureptThe 2.4B raised in Nov 2010 could probably be the money they are planning to deploy in making the acquisition in an East African market (which country? @VVS, @The Merchant @all). In Kenya, the Bank is consolidating its business and will open only one more branch in Kisii this year (Read 2012 elections fear factor). And why Kisii?
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Just signed for iclick, their internet platform.
Still in formative stages, but promises to be good. I can buy airtime, pay utility bills (not active yet), look at my credit card, loan and account statements and the sexiest part, can see the images of cheques I have drawn. For ksh 250 a quarter.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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With the sort of excellent services talked about by VVS et. al. right here on wazua, I think this will be the bank to beat come 2030... if they can keep up the momentum on the service front and not become like EQT where queues and delays are the order of the day.
How many customers does I&M have? Surely not millions, but they are still able to make billions out of them...
And when will they list? City Trust is not liquid enough to support the sort of demand I would expect for a direct I&M stock.
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I&M Bank FY 2011 results
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