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Eye on I&M ...
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mwekez@ji
#1 Posted : Thursday, October 24, 2013 5:42:44 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Moved a whopping Kes. 1.5B today
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  | | Edit by user: Thursday, October 24, 2013 5:53 PM | Reason: Not specified
hisah
#2 Posted : Thursday, October 24, 2013 5:46:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Yep. Spotted that jumbo trade.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#3 Posted : Thursday, October 24, 2013 6:10:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
^Indeed a jumbo trade. Its 3.7% of the company shares. Prime Securities (top 7 shareholder) has such shareholding. Must be them
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Aguytrying
#4 Posted : Thursday, October 24, 2013 8:04:35 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
^Indeed a jumbo trade. Its 3.7% of the company shares. Prime Securities (top 7 shareholder) has such shareholding. Must be them


ive had my eye on I&m from a far, but nothing I can sell to buy.

could be that company that gave its shareholders back their shares involved. over the last 2 months, the top ten shareholders must have shifted
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Thursday, October 24, 2013 8:20 PM | Reason: Not specified
guru267
#5 Posted : Friday, October 25, 2013 7:02:48 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Hot money is becoming synonymous with Kenya!
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#6 Posted : Sunday, October 27, 2013 11:31:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
I hope the price of I&M falls...

http://www.businessdaily...40/-/fr4h4/-/index.html

Of course, I think the MPigs are just blowing hot air and looking for scapegoats instead of trying to figure out which of their colleagues [among others] were bribed by jacob juma.

http://www.businessdaily...4/-/j87t6c/-/index.html

I doubt I&M Bank will end up paying anything more than lawyer's fees BUT if this causes a 10% price drop, so be it!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#7 Posted : Monday, October 28, 2013 7:47:42 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
curious. i haven't quite followed the I&M listing etc....what i understand is that Citytrust became I&M holdings....who's sole earner is I&M Bank. its earnings are only dividends from I&M and that the p/e is quite astronomical 54......am i even close?
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VituVingiSana
#8 Posted : Monday, October 28, 2013 9:40:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Horton wrote:
curious. i haven't quite followed the I&M listing etc....what i understand is that Citytrust became I&M holdings....who's sole earner is I&M Bank. its earnings are only dividends from I&M and that the p/e is quite astronomical 54......am i even close?
Yes & no. After the 'consolidation' the EPS will be more or less equivalent to the bank's EPS
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#9 Posted : Monday, October 28, 2013 9:49:46 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
great....much obliged...still running thru the p&Ls
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VituVingiSana
#10 Posted : Monday, October 28, 2013 11:55:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Horton wrote:
great....much obliged...still running thru the p&Ls
It was a Reverse Takeover meaning I&M Bank (shareholders) took over City Trust aka I&M Holdings.

IMH owns 100% of IMB so all the earnings of IMB will flow 'up' to IMH which means the PAT of IMH is IMB less IMH's expenses [audit, directors]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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