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I&M Bank to List at NSE via City Trust.
VituVingiSana
#181 Posted : Wednesday, June 26, 2013 12:18:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
mwekez@ji wrote:
@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
No idea but I think we are stuck with the 1 share in CTL until the Registrar/CDSC sorts it out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#182 Posted : Wednesday, June 26, 2013 12:28:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
Hearing from brokers. 2Q is expected to be very good after 1Q was affected by low lending [elections], low uptake, high T-Bill positions, Mark-To-Market loss in Mauritius.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
King G
#183 Posted : Wednesday, June 26, 2013 1:16:59 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
VituVingiSana wrote:
Hearing from brokers. 2Q is expected to be very good after 1Q was affected by low lending [elections], low uptake, high T-Bill positions, Mark-To-Market loss in Mauritius.


VVS - what was the deal here?
Thieves
VituVingiSana
#184 Posted : Wednesday, June 26, 2013 1:28:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,354
Location: Nairobi
King G wrote:
VituVingiSana wrote:
Hearing from brokers. 2Q is expected to be very good after 1Q was affected by low lending [elections], low uptake, high T-Bill positions, Mark-To-Market loss in Mauritius.


VVS - what was the deal here?
Foreign currency products. Probably hedges like KK or KQ had/have? Mauritius deals in multiple currencies so it may be something for a client or a naked position. No details given but it is under control and apparently some gains may be made in 2Q.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
stock.enigma
#185 Posted : Wednesday, June 26, 2013 1:41:59 PM
Rank: Member

Joined: 8/14/2009
Posts: 244
1Q 2013 EPS Ksh 1.83, Full year 2012 EPS Ksh 10. Doesn't look bad. Plus diversification: Mauritius, Rwanda, TZ, Kenya.
Obi 1 Kanobi
#186 Posted : Wednesday, June 26, 2013 2:14:49 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
mwekez@ji wrote:
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?


It was more of a ceremonial function. There were no detailed information given on the bank operations
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
guru267
#187 Posted : Wednesday, June 26, 2013 2:24:01 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
King G wrote:
VituVingiSana wrote:
Hearing from brokers. 2Q is expected to be very good after 1Q was affected by low lending [elections], low uptake, high T-Bill positions, Mark-To-Market loss in Mauritius.


VVS - what was the deal here?


Bonds...
Mark 12:29
Deuteronomy 4:16
mwekez@ji
#188 Posted : Tuesday, July 02, 2013 1:05:46 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
@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
No idea but I think we are stuck with the 1 share in CTL until the Registrar/CDSC sorts it out.


smile The matter is now sorted out. The 1 share in CTL has now been transfered to I&M Holding. .... May the online share trading platforms introduce the I&M ticker for chaps to be able to trade this share online. We need to move from the current state of illiquidity in this counter
guru267
#189 Posted : Tuesday, July 02, 2013 4:00:01 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
May the online share trading platforms introduce the I&M ticker for chaps to be able to trade this share online. We need to move from the current state of illiquidity in this counter


@Mwekez@ji D&B included the I&M ticker to its online platform the day after the listing!

Utahama lini??? smile
Mark 12:29
Deuteronomy 4:16
mwekez@ji
#190 Posted : Tuesday, July 02, 2013 4:28:45 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
mwekez@ji wrote:
May the online share trading platforms introduce the I&M ticker for chaps to be able to trade this share online. We need to move from the current state of illiquidity in this counter


@Mwekez@ji D&B included the I&M ticker to its online platform the day after the listing!

Utahama lini??? smile


smile My bad. Just noted that CFC also have the I&M ticker. I've added it to my market watch list
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