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family bank shares up for sale
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bartum
#1 Posted : Sunday, December 25, 2011 6:10:36 PM
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Joined: 8/11/2010
Posts: 1,011
Location: nairobi
a total of 3500 shares-family bank going for ksh,38. Call 0722320106 or 0721299689
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myfundi
#2 Posted : Tuesday, December 27, 2011 11:05:24 AM
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Joined: 7/18/2009
Posts: 21
Not a good buy at this time. The bank's lethargy leaves it with a poor outlook in 2012
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e_kijana
#3 Posted : Tuesday, December 27, 2011 11:07:12 AM
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Joined: 1/17/2009
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Plus they had a decline in net profits by 25% I believe... so even fundamentals just changed. One cannot even speculate seeing as they put of the IPO.
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mlennyma
#4 Posted : Tuesday, December 27, 2011 11:35:59 AM
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Joined: 7/21/2010
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Location: nairobi
Do you guys imply bartum is holding a monkeys tail?
"Don't let the fear of losing be greater than the excitement of winning."
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Sure
#5 Posted : Tuesday, December 27, 2011 3:36:55 PM
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Joined: 9/9/2010
Posts: 546
Location: Garissa
bartum wrote:
a total of 3500 shares-family bank going for ksh,38. Call 0722320106 or 0721299689


Can I buy the shares if am not an existing shareholder of Family Bank? I need a footing in the bank to be able to participate in future activities.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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jerry
#6 Posted : Tuesday, December 27, 2011 8:37:50 PM
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Joined: 9/29/2006
Posts: 2,570
Sure wrote:
bartum wrote:
a total of 3500 shares-family bank going for ksh,38. Call 0722320106 or 0721299689


Can I buy the shares if am not an existing shareholder of Family Bank? I need a footing in the bank to be able to participate in future activities.

@sure. I don't think so. Did they do a split? What's the original price of a share being at 38/=? 30/=?
The opposite of courage is not cowardice, it's conformity.
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ekahindi
#7 Posted : Wednesday, December 28, 2011 9:30:54 AM
Rank: New-farer


Joined: 5/8/2011
Posts: 45
The share price was around ksh70 before they did a split of 3:1 bringing it a price of around ksh22-23
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jerry
#8 Posted : Wednesday, December 28, 2011 10:42:00 AM
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Joined: 9/29/2006
Posts: 2,570
ekahindi wrote:
The share price was around ksh70 before they did a split of 3:1 bringing it a price of around ksh22-23

thanks @ekahindi. I remember the min amount to enter the private placement was 30k. What I don't know is the equivalent in shares.
The opposite of courage is not cowardice, it's conformity.
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myfundi
#9 Posted : Wednesday, December 28, 2011 12:35:49 PM
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Joined: 7/18/2009
Posts: 21
These shares were initially sold at kshs 60.00 in Nov 2006. The split was 2.5:1 in Sep 2009 par value of Kshs 2.00 bringing down the price per share to Kshs 24. It would take about three months for a transfer to be effected.

The following link may also be of assistance

http://www.wazua.co.ke/f...aspx?g=posts&t=8753

Again, this bank has weak management policies I predict 25% lower profit for financial year 2011 compared to 2010
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Gordon Gekko
#10 Posted : Wednesday, December 28, 2011 2:08:54 PM
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Joined: 5/27/2008
Posts: 3,760
My offer ksh 8/- a share. g.gekkoATymailDOTcom
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gathinga
#11 Posted : Wednesday, December 28, 2011 3:52:28 PM
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Joined: 11/30/2006
Posts: 635
The new MD appears not to have changed much as yet;
1. System downtime appears to have increased. Like the case of 27th and 28th
2. There appears to be no improvement in skills and capacity at the bank to deal with issues more complex than retail banking e.g. Trade finance, corporate lending
In view of this, Family bank is likely to remain a laggard in the near future
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jerry
#12 Posted : Wednesday, December 28, 2011 4:27:48 PM
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Joined: 9/29/2006
Posts: 2,570
gathinga wrote:
The new MD appears not to have changed much as yet;
1. System downtime appears to have increased. Like the case of 27th and 28th
2. There appears to be no improvement in skills and capacity at the bank to deal with issues more complex than retail banking e.g. Trade finance, corporate lending
In view of this, Family bank is likely to remain a laggard in the near future

Depends on how he qualified as an MD!
The opposite of courage is not cowardice, it's conformity.
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Cde Monomotapa
#13 Posted : Wednesday, December 28, 2011 4:53:17 PM
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Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
Do you guys imply bartum is holding a monkeys tail?

The euphoria was cool though smile
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gathinga
#14 Posted : Wednesday, December 28, 2011 5:30:09 PM
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Joined: 11/30/2006
Posts: 635
jerry wrote:
gathinga wrote:
The new MD appears not to have changed much as yet;
1. System downtime appears to have increased. Like the case of 27th and 28th
2. There appears to be no improvement in skills and capacity at the bank to deal with issues more complex than retail banking e.g. Trade finance, corporate lending
In view of this, Family bank is likely to remain a laggard in the near future

Depends on how he qualified as an MD!


so how did he qualify?
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the deal
#15 Posted : Wednesday, December 28, 2011 5:34:29 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Bartum The same Family Bank which was hawking around loans for the Britak IPO? Shame on you Shame on you
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youcan'tstopusnow
#16 Posted : Wednesday, December 28, 2011 6:03:34 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
mlennyma wrote:
Do you guys imply bartum is holding a monkeys tail?

The euphoria was cool though smile

Can't knock a brother for trying to make an exit;-)
GOD BLESS YOUR LIFE
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VituVingiSana
#17 Posted : Wednesday, December 28, 2011 7:50:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
What is the EPS?
What's the NAV?

Where can I get the Annual Report or 3Q 2011 results?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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