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Banking Sector Valuation and Recommendation - Year 2013
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Aguytrying
#11 Posted : Wednesday, June 05, 2013 6:30:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
in my own ka-valuation id pick cfc attention current prices and yet to be listed i&m bank at 90.
wondering how to get cfc in.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#12 Posted : Wednesday, June 05, 2013 6:35:50 PM
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Joined: 7/11/2010
Posts: 5,040
@mweke .what will be listing price for i&m holding or estimate.
i figure 90.00.
muchas gracious for wtk nse link btw
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#13 Posted : Wednesday, June 05, 2013 7:02:41 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I've always been wary about CFCs constant near 0% dividend yield and limited ability to expand into the region!

My play here would be HFCK with a target of 35 in 2013 and this company has got a superb CAGR over 3-5years!!




Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#14 Posted : Wednesday, June 05, 2013 7:24:26 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
@mweke .what will be listing price for i&m holding or estimate.
i figure 90.00.
muchas gracious for wtk nse link btw


going by CT closing price, you have it right to estimate a listing price of 90. On the listing date, with 10% rule waived, mr. market will tell the actual ;-) ... karibu on WTK
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VituVingiSana
#15 Posted : Thursday, June 06, 2013 2:03:30 AM
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Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
@Aguy @Mweke

Closing price of CTL was 450 = 90 for I&M but that was before 1Q 2013 results were announced. The 2Q & 3Q 2012 numbers were weak for I&M Bank but now they can consolidate gains in 2013. 1Q 2013 was weaker than 1Q 2012 since Bank One has a very bad 1Q 2013.

It is likely that 2Q 2013 will be stronger than 2Q 2012 with the bleeding at Bank One (Mauritius) stopped, Bond gains since the yields have dropped & post-election lending increased.

Based on 10x PER (as is common with other banks) it could easily be 110/- (Forward EPS of 11 x 10 PER)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#16 Posted : Thursday, June 06, 2013 9:58:30 AM
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Joined: 5/31/2011
Posts: 5,121
@VVS, i liked the balance sheet performance of I&M Q1 2013. It stood out over the other banks and it positioned I&M well for the coming days. What we saw in the income statement has been described as a temporary hiccup and mbele iko sawa ... ditto on the 110. It also tallies with the sib one
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mwekez@ji
#17 Posted : Thursday, June 06, 2013 6:10:01 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Good move >>> Equity Bank has tapped into internal talent for the CFO and other positions in an internal reorganisations >>> https://www.nse.co.ke/listed-com...-internal-reorganization
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VituVingiSana
#18 Posted : Thursday, June 06, 2013 7:27:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
mwekez@ji wrote:
Good move >>> Equity Bank has tapped into internal talent for the CFO and other positions in an internal reorganisations >>> https://www.nse.co.ke/listed-com...-internal-reorganization
LOL... not those who have a different idea of how things should be done? Or do not question how things have been done in the past?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#19 Posted : Friday, June 07, 2013 10:14:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
Good move >>> Equity Bank has tapped into internal talent for the CFO and other positions in an internal reorganisations >>> https://www.nse.co.ke/listed-com...-internal-reorganization
LOL... not those who have a different idea of how things should be done? Or do not question how things have been done in the past?


Equity has developed internal talent which has contributed to the growth of the bank to where it is today. Good move that the bank has now opted to utilize this talent at higher levels ... but oops, the market seems to think otherwise <may time prove the haters wrong like it has done in the past on matters equity>
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guru267
#20 Posted : Friday, June 07, 2013 10:27:13 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
mwekez@ji wrote:
Good move >>> Equity Bank has tapped into internal talent for the CFO and other positions in an internal reorganisations >>> https://www.nse.co.ke/listed-com...-internal-reorganization
LOL... not those who have a different idea of how things should be done? Or do not question how things have been done in the past?


Equity has developed internal talent which has contributed to the growth of the bank to where it is today. Good move that the bank has now opted to utilize this talent at higher levels ... but oops, the market seems to think otherwise <may time prove the haters wrong like it has done in the past on matters equity>


He's brought on the master chef who he trained himself!! Now those books can be cooked really well without any hiccups..
Mark 12:29
Deuteronomy 4:16
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