obiero wrote:I&M has caught my eye.. My measurements tell me that its a steal at current price. with bond issuance for expansion into East Africa, the stock can only go up.. based on previous owners conditioning for super profits, I expect a swing upto high of KES 350 in about 1 year. Thank me later

You wish! If you had said 150 or even 200, I might have been on board lakini 350??? On this, I have to (reluctantly) side with @guru
My estimated EPS, for 2013 (on the higher end) is 13 therefore 130 (10x PER) seems acceptable. With the KES 10bn Bond [but raising only 4bn in 2013] the scope for expansion has increased thus the EPS gains could be higher in 2014. Let's assume the 2014 EPS of 16 with a higher PER of 12 = 192 but not 350.
Never say never. A split like Carbacid could be good for the share price.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett