Family Bank is a Kenyan Lender which initially started out as a building society in 1984, Family Bank was converted into a fully-fledged commercial bank on 1st May 2007 and today boosts an asset base of more than Sh20 Billion, has more than 600,000 customer’s, an over Sh11 Billion loan book, 63 branches country wide and over 1000 employees. Family Bank plans to list by way of introduction on 31st of October 2011 on the financial segment of the Nairobi Stock Exchange (NSE), the company is more likely to list at an introductory price of Sh30 valuing the bank at Sh7.3 Billion, the stock currently has 242 Million shares. AfricInvest a Mauritius based private equity (PE) firm bought a 25% stake in Family bank worth Sh1.2 Billion, implying that the private equity firm paid Sh19.8 a share to get the 60.5 Million shares which are equivalent to 25% of Family Bank.

Read more http://www.contrarianinv...prehensive-analysis.html

Hear! Hear!

I've been trying to exit over the counter at that price of 30 but in vain. Hope to exit the 1st day it lists at any price above 24 and buy back as soon as it finds its correct price. Obviously downwards! We can take a bet on this. Rem the right issue wasn't taken fully up!

The rationale for the IPO and its timing. Something that I never used to consider as much, but key this year. Doing an IPO this yr implies the anchor shareholders are desperate to get out.

Not sure about FB but most 'new' listings have some sort of restriction on sales by 'insiders'...

Many investment funds prefer 'listed' firms too...

At 30/-... I have many more choices!

If it is banks you are interested in, there is a host of better opportunities than Family Bank at 30 bob. Usual pre-listing rally at play here...

I've been shouting myself hoarse, why the rush by Tranny, Britak & Family to list before year end. As per history of 2007 the Wanjiku's we made fools of. Remember Kenya Re IPO, Mumias split? My opinion is that THIS IS A REPEAT PERFORMANCE only different companies, same cast. Food for Thoughts: Is Dyer & Blair featuring anywhere?

This thread sends shivers down my spine.Got a sizable amount and I have been dreaming big about them.I will look beyond the bear and wait.Anyway the price wil surely go past 30 given they are with few hands.

Or Muramati @ 10. My next big thing

[quote=the deal]Family Bank is a Kenyan Lender which initially started out as a building society in 1984, Family Bank was converted into a fully-fledged commercial bank on 1st May 2007 and today boosts an asset base of more than Sh20 Billion, has more than 600,000 customer’s, an over Sh11 Billion loan book, 63 branches country wide and over 1000 employees. Family Bank plans to list by way of introduction on 31st of October 2011 on the financial segment of the Nairobi Stock Exchange (NSE), the company is more likely to list at an introductory price of Sh30 valuing the bank at Sh7.3 Billion, the stock currently has 242 Million shares. AfricInvest a Mauritius based private equity (PE) firm bought a 25% stake in Family bank worth Sh1.2 Billion, implying that the private equity firm paid Sh19.8 a share to get the 60.5 Million shares which are equivalent to 25% of Family Bank.

Read more http://www.contrarianinv...rehensive-analysis.html[/quote]


Guys arent kiddin when they call you Mr.Media man , lol . u tryin to hype FB up ???? i hope guys learnt from britak ..