Wazua
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I&M Bank to List at NSE via City Trust.
Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Game Theory Uncertainty is certain.Let go
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Bw @VituVingiSana wajua Vitu Vingi Sana #Wazua_ThumbsUp for your sharing
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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City Trust fair value stands at KES.500-525 
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Up, Up and Away BIDS 1,800 Quantity Price Splits Time 500 465.00 1 10:30:03 1,000 420.00 1 10:30:03 300 410.00 1 10:30:03 - - - - - - - - ASKS 1,700 Quantity Price Splits Time 1,000 475.00 1 10:30:03 700 499.00 1 10:30:03 - - - - - - - - - - - - TRADES Quantity Price Time 2,500 465.00 10:28:43 700 465.00 10:16:58 1,000 465.00 10:14:20 100 464.00 10:11:39 100 464.00 09:59:42 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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VituVingiSana wrote:Up, Up and Away
BIDS 1,800
Quantity Price Splits Time
500 465.00 1 10:30:03
1,000 420.00 1 10:30:03
300 410.00 1 10:30:03
- - - -
- - - -
ASKS 1,700
Quantity Price Splits Time
1,000 475.00 1 10:30:03
700 499.00 1 10:30:03
- - - -
- - - -
- - - -
TRADES
Quantity Price Time
2,500 465.00 10:28:43
700 465.00 10:16:58
1,000 465.00 10:14:20
100 464.00 10:11:39
100 464.00 09:59:42
No point chasing this one. Wait till the deal is done and all the excitement has waned. It remains a good investment, but timing will be essential, just like happened to SCOM - those chasing it now remind me of those chasing it immediately after IPO Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:City Trust fair value stands at KES.500-525 How did u arrive at this and what do u mean by fair value. I ask because at this price the new company will be trading at a p/b of over 2.5 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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More trades in one month than entire 2012! Or so I think. BIDS 1,300 Quantity Price Splits Time 1,000 420.00 1 11:07:34 300 410.00 1 11:07:34 - - - - - - - - - - - - ASKS 1,700 Quantity Price Splits Time 1,000 475.00 1 11:07:34 700 499.00 1 11:07:34 - - - - - - - - - - - - TRADES Quantity Price Time 2,000 465.00 11:07:33 2,000 465.00 11:07:02 3,000 465.00 11:07:02 3,000 465.00 11:07:02 500 465.00 10:32:56 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: 18,121 Location: Nairobi
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Aguytrying wrote:mwekez@ji wrote:City Trust fair value stands at KES.500-525 How did u arrive at this and what do u mean by fair value. I ask because at this price the new company will be trading at a p/b of over 2.5 Dyer & Blair valued it as such in the Circular. I have a feeling there will be Bond Revaluations [I&M marked-to-market some of their Bonds] which will boost the NAV. In readiness for listing, I&M may also revalue their properties which adds to the NAV. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:mwekez@ji wrote:City Trust fair value stands at KES.500-525 How did u arrive at this and what do u mean by fair value. I ask because at this price the new company will be trading at a p/b of over 2.5 Dyer & Blair valued it as such in the Circular. I have a feeling there will be Bond Revaluations [I&M marked-to-market some of their Bonds] which will boost the NAV. In readiness for listing, I&M may also revalue their properties which adds to the NAV. So till then we cant say that what nav is exactly. Point noted though The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Aguy, like @VVS has said. ..... also put into consideration that I&M is a growth stock with huge potential. Valuations could be adjusted upwards as info ticks in
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:mwekez@ji wrote:City Trust fair value stands at KES.500-525 How did u arrive at this and what do u mean by fair value. I ask because at this price the new company will be trading at a p/b of over 2.5 Dyer & Blair valued it as such in the Circular. I have a feeling there will be Bond Revaluations [I&M marked-to-market some of their Bonds] which will boost the NAV. In readiness for listing, I&M may also revalue their properties which adds to the NAV. So till then we cant say that what nav is exactly. Point noted though Everything except death & taxes is speculative  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:@Aguy, like @VVS has said. ..... also put into consideration that I&M is a growth stock with huge potential. Valuations could be adjusted upwards as info ticks in True. But as of now we work with what we have which is a p/b of more than 2. This may come lower accordings to the bonds and real estate. Caution on attaching a premium to a stock because of growth and potential. Because the growth expected if it occurs it is what will justify todays price. Ifand if the growth potential is the same in that future thats what will guarantee the price today, so its very risky to buy an over valued stock no matter how high the prospects. I wish i bought this at 200-300. Now is to wish those on board God speed. @vvs. Pliz never leave us behind again, regards proteges. Lol The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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P.S. Make YOUR own decision. Don't look to someone else to do so... No easy answers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:P.S. Make YOUR own decision. Don't look to someone else to do so... No easy answers. Sawa tu uncle The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 6/26/2008 Posts: 384
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Snapped few shares when it was 90, me is a happy, happy girl 
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Rank: User Joined: 6/18/2009 Posts: 271
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VituVingiSana wrote:P.S. Make YOUR own decision. Don't look to someone else to do so... No easy answers. exonerating yourself from the wrong decisions you make . LOL
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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techboy wrote:VituVingiSana wrote:P.S. Make YOUR own decision. Don't look to someone else to do so... No easy answers. exonerating yourself from the wrong decisions you make . LOL Yes, I made the wrong decision/s in buying City Trust. I wish I had made more mistakes of this sort. 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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VituVingiSana wrote:techboy wrote:VituVingiSana wrote:P.S. Make YOUR own decision. Don't look to someone else to do so... No easy answers. exonerating yourself from the wrong decisions you make . LOL Yes, I made the wrong decision/s in buying City Trust. I wish I had made more mistakes of this sort. Scores: Vituvingisana - 10 ; techboy - Nil
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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5:1 split EGM today. Who is going? 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: 18,121 Location: Nairobi
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xtina wrote:Snapped few shares when it was 90, me is a happy, happy girl And now 90 AFTER the 5:1 split Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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I&M Bank to List at NSE via City Trust.
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