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Sober		#1 Posted : Sunday, August 28, 2011 9:25:47 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		The price per share has soared to 30 bob per share up from 22 as per the OTC market valuation in 2009. With the 242 million listed shres this places the value of the bank at over 7 billion. Would you buy? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Mainat		#2 Posted : Monday, August 29, 2011 12:10:19 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Given 1st quarter profit was Ksh85m, this implies forward P/E of 30/1.75 (4.2/2.4)=17 compared to say 15 for Ekweity. Sehemu ndio nyumba
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youcan'tstopusnow		#3 Posted : Monday, August 29, 2011 12:46:26 AM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Mainat wrote: Given 1st quarter profit was Ksh85m, this implies forward P/E of 30/1.75 (4.2/2.4)=17 compared to say 15 for Ekweity. Even Stanchart with their reduced profits have a lower forward PE. But as usual, the euphoria of listing will push the share higher on the OTC. Whether that will be replicated once the shares hit the NSE, is another thing. I also think Equity is trading at a much lower forward PE than 15... GOD BLESS YOUR LIFE
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youcan'tstopusnow		#4 Posted : Monday, August 29, 2011 12:50:19 AM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Sober, when is the listing? Also, I'm eager to see which companies will list at the SMEX (Kudos Stella! You managed to give it a cool name like those foreign bourses) GOD BLESS YOUR LIFE
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VituVingiSana		#5 Posted : Monday, August 29, 2011 12:54:37 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi		LOL... a forward PER of 18+? I will stay out & rather buy proven Equity or a host of other banks at much lower PERs! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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FUNKY		#6 Posted : Monday, August 29, 2011 8:13:34 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		http://www.businessdaily...4/-/hihi49/-/index.html The current shareholders are the ones who are going to make money here.
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Sober		#7 Posted : Monday, August 29, 2011 8:42:48 AM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		@Youcantstopusnow. I pray that they list in october as per the rumours going round. With that the share will receive a beating so that we can buy it at 12 bob where the PE will be single digit. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Impunity		#8 Posted : Monday, August 29, 2011 9:56:01 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada		Another "Mbritak, the money loser" Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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