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Which is the next bank up for sale?
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VituVingiSana
#1 Posted : Monday, July 22, 2013 2:35:10 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,126
Location: Nairobi
http://www.businessdaily.../-/3ba7nhz/-/index.html

For a (regional) bank that made KShs 410mn in PAT in 2012, an offer of $100mn (KShs 8.7bn) for 70% of the bank is quite generous! If Fina was expected to make KShs 500mn in 2013, the PER paid is 24...!!!

That said, there is a possible cash injection which will lower to PER to the 16-20 level depending on the final numbers.

I wish someone would pick up Co-op, I&M, HFCK, etc at these PERs!

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#2 Posted : Monday, July 22, 2013 4:40:27 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Which are the remaining non listed regional banks?
GOD BLESS YOUR LIFE
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mwekez@ji
#3 Posted : Monday, July 22, 2013 9:52:59 AM
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Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
Which are the remaining non listed regional banks?


See chapter 5.3 - Kenyan Banks Regional Footprint (page 65)

http://www.centralbank.go.ke/im...%20Reports/bsd2012-r.pdf
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youcan'tstopusnow
#4 Posted : Monday, July 22, 2013 10:07:02 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
youcan'tstopusnow wrote:
Which are the remaining non listed regional banks?


See chapter 5.3 - Kenyan Banks Regional Footprint (page 65)

http://www.centralbank.go.ke/im...%20Reports/bsd2012-r.pdf

Thanks sana.
GOD BLESS YOUR LIFE
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mwekez@ji
#5 Posted : Monday, July 22, 2013 10:17:40 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
youcan'tstopusnow wrote:
Which are the remaining non listed regional banks?


See chapter 5.3 - Kenyan Banks Regional Footprint (page 65)

http://www.centralbank.go.ke/im...%20Reports/bsd2012-r.pdf

Thanks sana.


Karibu chief.
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KulaRaha
#6 Posted : Monday, July 22, 2013 10:19:22 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Nigerians love buying overpriced junk...I think its a way of Directors to eat. Look at Eco and EABS...disaster in the making!
Business opportunities are like buses,there's always another one coming
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mwekez@ji
#7 Posted : Monday, July 22, 2013 10:29:56 AM
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Joined: 5/31/2011
Posts: 5,121
Kenya is becoming a resource country (oil, minerals, ...) and a financial hub. Hizi buyout za sasa wanaona mbali
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Jamani
#8 Posted : Monday, July 22, 2013 10:34:19 AM
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Joined: 9/12/2006
Posts: 1,554
mwekez@ji wrote:
Kenya is becoming a resource country (oil, minerals, ...) and a financial hub. Hizi buyout za sasa wanaona mbali

Kweli kabisa, but look at how we are short sighted and selling at discounts...e.g AK
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