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I&M Bank to List at NSE via City Trust.
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Im flattered that the price we predicted is what is trading right now! Im seeing that the demand is there but so is the selling, 20 million worth of shares traded so far. This means that if the sellers are more and the demand dries up, the sellers may get desperate and sell lower. And thats where we'll be waiting for them. If it comes to pass of course. biased: wants to buy lower 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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hisah wrote:Flat on listing. Holding up well with the current selling mood. Will be hard to rally in this environment. Today online trading platform, or atleast cfc online trading platform, have not put the ticker for buying or selling I&M. Maybe when this is put in place we'll have more people contributing to activity and hence volatility
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:hisah wrote:Flat on listing. Holding up well with the current selling mood. Will be hard to rally in this environment. Today online trading platform, or atleast cfc online trading platform, have not put the ticker for buying or selling I&M. Maybe when this is put in place we'll have more people contributing to activity and hence volatility ... and damn registrar has not updated cds accounts properly (only 4 out of every 5 shares have been allocated). chaps could be fearing that if they sell now they will loose out on the unallocated portion
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:hisah wrote:Flat on listing. Holding up well with the current selling mood. Will be hard to rally in this environment. Today online trading platform, or atleast cfc online trading platform, have not put the ticker for buying or selling I&M. Maybe when this is put in place we'll have more people contributing to activity and hence volatility The same thing is happening at D&B online!! Guess ill wait for tomorrow... I am really hoping q2 results will take us to 75bob  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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@mwekezaji @Aguy - Will you go for the Investor Briefing tomorrow? I might not make it due to other work commitments. Extensive updates. What are 2Q prospects? Why a weak 1Q vs other banks esp DTB? Uganda branch/subsidiary? Any other countries e.g. SS? 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:@mwekezaji @Aguy - Will you go for the Investor Briefing tomorrow? I might not make it due to other work commitments. Extensive updates.
What are 2Q prospects?
Why a weak 1Q vs other banks esp DTB?
Uganda branch/subsidiary?
Any other countries e.g. SS? unfortunately I also cant make it 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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Aguytrying wrote:VituVingiSana wrote:@mwekezaji @Aguy - Will you go for the Investor Briefing tomorrow? I might not make it due to other work commitments. Extensive updates.
What are 2Q prospects?
Why a weak 1Q vs other banks esp DTB?
Uganda branch/subsidiary?
Any other countries e.g. SS? unfortunately I also cant make it
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Closed at 102. If you discount the initial trades at 93 I think the base price is 101 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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Todays NSE corporate announcement read:
I & M Holdings — Please find salient features of I&M Holdings Instrument ID I&M ISIN ke000000125 Sector MIMS Issued shares 363,722,034 Par value Kes 1.00
I wonder what becomes of the 28,640,005 CTL shares which have not been listed together with the I&M Holding shares
Ideally, I&M Holding should be having 392,362,039 (363,722,034 + 28,640,005) shares with Par value of Kes 1.00
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:Aguytrying wrote:VituVingiSana wrote:@mwekezaji @Aguy - Will you go for the Investor Briefing tomorrow? I might not make it due to other work commitments. Extensive updates.
What are 2Q prospects?
Why a weak 1Q vs other banks esp DTB?
Uganda branch/subsidiary?
Any other countries e.g. SS? unfortunately I also cant make it Calling for a livestream of the Investor Briefing cc#MediaHouses cc#I&M
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Aguytrying wrote:Anyone attending the bell ringing ceremony.
The keyword here is new kid on the block, fair value discussions will occur after the dust settles. the market will decide how much they want to pay for I&M even if it's 150.
which makes it a very bad/risky time to buy for the buyers.
i just love the excitement of a new listing though Was at the launch, "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Obi 1 Kanobi wrote:Aguytrying wrote:Anyone attending the bell ringing ceremony.
The keyword here is new kid on the block, fair value discussions will occur after the dust settles. the market will decide how much they want to pay for I&M even if it's 150.
which makes it a very bad/risky time to buy for the buyers.
i just love the excitement of a new listing though Was at the launch, Anything new, interesting? Body language of the CEO? 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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mwekez@ji wrote:Todays NSE corporate announcement read:
I & M Holdings — Please find salient features of I&M Holdings Instrument ID I&M ISIN ke000000125 Sector MIMS Issued shares 363,722,034 Par value Kes 1.00
I wonder what becomes of the 28,640,005 CTL shares which have not been listed together with the I&M Holding shares
Ideally, I&M Holding should be having 392,362,039 (363,722,034 + 28,640,005) shares with Par value of Kes 1.00 I&M website talks listing of 392,362,039 ordinary shares with a par value of KES 1/- Quote:Following a reverse acquisition between City Trust Limited (CTL) and I&M Bank Limited, CTL changed its name to I&M Holdings Limited. This new entity was listed on the MIMS on June 25, 2013, with 392,362,039 ordinary shares with a par value of KES 1/- http://www.imbank.com/about-us/investors/ So, its the registrar messing this up. Who is the registrar here?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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“We are excited about this transaction which has enabled the shareholders of the bank to list on the NSE thus providing liquidity for our institutional, corporate and individual shareholders. The listing also provides us with the platform to raise additional capital in the future to facilitate the achievement of our long term growth and expansion strategy and to improve on our capacities to successfully manage the growth we have achieved in the past few years,” said the executive director, Sarit Raja-Shah, at the Stanley Hotel in a ceremony to mark the listing >>> http://www.businessdailyafrica....52/-/6cqm9g/-/index.html
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:Obi 1 Kanobi wrote:Aguytrying wrote:Anyone attending the bell ringing ceremony.
The keyword here is new kid on the block, fair value discussions will occur after the dust settles. the market will decide how much they want to pay for I&M even if it's 150.
which makes it a very bad/risky time to buy for the buyers.
i just love the excitement of a new listing though Was at the launch, Anything new, interesting? Body language of the CEO?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Brothers enter billionaires club after I&M listing  • I&M Bank opened trading at a price of Sh93 but later rose to close the day at Sh100, leaving the Shah brothers with a combined wealth of Sh2.69 billion. • The brothers, who are the sons of I&M Bank founder S.B.R Shah, have a combined stake of 6.88 per cent in the newly listed company, translating to 26.93 million shares. • Tuesday’s trading left Sarit’s stake at Sh1.35 billion while Sachit closed with a Sh1.33 billion stake in a move that effectively transformed a tightly-held family business founded by their father into a public company. http://www.businessdailyafrica....0/-/o42c4dz/-/index.html
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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VituVingiSana wrote:Obi 1 Kanobi wrote:Aguytrying wrote:Anyone attending the bell ringing ceremony.
The keyword here is new kid on the block, fair value discussions will occur after the dust settles. the market will decide how much they want to pay for I&M even if it's 150.
which makes it a very bad/risky time to buy for the buyers.
i just love the excitement of a new listing though Was at the launch, Anything new, interesting? Body language of the CEO? The CEO; Arun is just a manager, the real power is with one of the brothers, Sarit. He retains the title executive Director and basically runs the bank from behind the scenes. It was an ok function, unfortunately Kidero stood them up and didn't even have the decency to excuse himself in good time. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Obi 1 Kanobi wrote:VituVingiSana wrote:Obi 1 Kanobi wrote:Aguytrying wrote:Anyone attending the bell ringing ceremony.
The keyword here is new kid on the block, fair value discussions will occur after the dust settles. the market will decide how much they want to pay for I&M even if it's 150.
which makes it a very bad/risky time to buy for the buyers.
i just love the excitement of a new listing though Was at the launch, Anything new, interesting? Body language of the CEO? The CEO; Arun is just a manager, the real power is with one of the brothers, Sarit. He retains the title executive Director and basically runs the bank from behind the scenes. It was an ok function, unfortunately Kidero stood them up and didn't even have the decency to excuse himself in good time. >What was the reason Kidero stood them up? >Was there an indication of what we should expect for H1 and FY 2013 earnings? >Were the questions by CBS @VVS in post no. 165 addressed?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@the deal @VVS, @all, has any of you been able to get the yet to be allocated 1 share out of the every 5 shares that one should have been allocated. My broker is taking me round and round. Worse i cant get who is the registrar of I&M Holding so that i can contact the registrar directly
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