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I&M Bank to List at NSE via City Trust.
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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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
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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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
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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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
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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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
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Rank: Member Joined: 8/14/2009 Posts: 244
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1Q 2013 EPS Ksh 1.83, Full year 2012 EPS Ksh 10. Doesn't look bad. Plus diversification: Mauritius, Rwanda, TZ, Kenya.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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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
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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.  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
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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??? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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??? 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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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I&M Holding declares interim dividend :) >Interim Dividend; KES 1.90 >Book Closure; 22nd July, 2013 >Payment; 30th July, 2013 https://www.nse.co.ke/listed-com...load=6728%3Aiam-holdings
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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This was expected. I&M Bank announced a Dividend of 26/- (old shares) thus it translates to 1.90 (new shares). What I liked is the announcement as an Interim Dividend (for 2013) so there are no delays pertaining to an EGM/AGM & CMA approvals required. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/26/2012 Posts: 830
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Where can I get the eps of I&M Holdings (The listed entity) for fy 2014 and q1 2015? I have tried to read their financial statements and these guys have a way of confusing investors. Please assist with the exact figures fy 2014 = ____ q1 2015= ______. Assist a wanjiku here A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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S.Mutaga III wrote:Where can I get the eps of I&M Holdings (The listed entity) for fy 2014 and q1 2015? I have tried to read their financial statements and these guys have a way of confusing investors. Please assist with the exact figures fy 2014 = ____ q1 2015= ______. Assist a wanjiku here I&M Holdings does not release Q1 results. You will have to wait for Q2/H1. Based on Q1 2015 of I&M (Kenya) Bank (& a similar Q2) ... I&M Holdings will have a great H1 2015. 2014: https://www.imbank.com/w...5/IM-Holdings-AR2014.pdfGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/14/2009 Posts: 244
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Closing Price: 117.00
Total Shares Issued: 392362035.00
Market Capitalization 45,906,358,095
EPS: 13.56
PE: 8.628
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I&M Bank to List at NSE via City Trust.
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