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Family Bank shares OTC
littledove
#11 Posted : Thursday, October 16, 2014 12:39:01 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
wanyina wrote:
Iguess may be now is a good chance to acquire these shares with a good price after Ksh 32 split and may be lower.Though i heard you have to open the bank account with them to access the opportunity any opinion?

http://www.businessdailyafrica.com/Corporate-News/Family-Bank-stock-now-settles-at-Sh32/-/539550/2487618/-/sg5ny8z/-/index.html
'The bank’s price-to-earnings (PE) ratio, however, shows that the stock is either over-valued compared to its peers, or investors are bullish about the lender’s future earning prospects.

Family Bank has a trailing earnings multiple of 22.3 based on a share price of Sh50 and earnings per share (EPS) of Sh2.24 as at December last year.'
smile if they list this one will receive a serious beating

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
jerry
#12 Posted : Thursday, October 16, 2014 3:24:14 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
wanyina wrote:
FAMILY BANK SHARES Split, Rights issue

Iguess may be now is a good chance to acquire these shares with a good price after Ksh 32 split and may be lower.Though i heard you have to open the bank account with them to access the opportunity any opinion?

@wanyina, Why don't you believe/get my opinion?
The opposite of courage is not cowardice, it's conformity.
heri
#13 Posted : Wednesday, November 05, 2014 6:30:13 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
There is now an opportunity to buy Family bank shares by buying the rights but have to become a member of Chai Sacco.

At sh 25.50 per share, is it a good investment

Anyone who has more information on the valuation of the shares please share
heri
#14 Posted : Wednesday, November 05, 2014 6:40:16 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Anyone with current information of the EPS
jerry
#15 Posted : Wednesday, November 05, 2014 7:03:31 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
heri wrote:
Anyone with current information of the EPS

2014: 2.21, 8 months to Aug
2013: 2.24,
2012: 1.16,
2011: 0.73,
2010: 0.73,
This is readily available on page 86 of IM which is on their (Family Bank) web-site.

Here are the corresponding assets;
2014: 52,100,084,000 for 8 months to Aug
2013: 43,513,903,000;
2012: 30,989,337,000;
2011: 26,001,753,000;
2010: 20,092,120,000.
The opposite of courage is not cowardice, it's conformity.
heri
#16 Posted : Wednesday, November 05, 2014 7:20:30 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Thanks

so the rights share price of sh 25.50 is not a deal as such

Probably the only good thing if it is a good thing is the fact that the share is not held by many people
jerry
#17 Posted : Wednesday, November 05, 2014 7:36:36 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
heri wrote:
Thanks

so the rights share price of sh 25.50 is not a deal as such

Probably the only good thing if it is a good thing is the fact that the share is not held by many people

True that it's like a "members club". At the moment I would personally rather add more cash to UNAITAS.
The opposite of courage is not cowardice, it's conformity.
jerry
#18 Posted : Wednesday, November 05, 2014 7:48:32 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
In 2010, the bank increased its share capital by 115,966,000 through the issue of 57,982,726 ordinary shares of Sh 2
each at a premium of Sh. 861,682,000 or Sh. 14.86 per share. The total capital raised was Sh. 977,648,000.
In 2012, the group increased its capital by Sh 1,092,319 through the issue of 36,405,192 ordinary shares of Sh 2
each at a premium of Sh 28.16 per share. The amounts received from the rights issue were capitalised after
deducting the rights issue costs of Sh 14,453,442. The total capital raised was Sh. 1,092,319,000.
In 2013, the group increased its capital by Sh 557,051,461 through the issue 278,511,682 ordinary shares of Sh 2
each by issuing one bonus share for every one share held from the share premium.
* Rights issue costs relate to the costs incurred to issue rights in 2012 that have been paid in 2013.
The opposite of courage is not cowardice, it's conformity.
jerry
#19 Posted : Wednesday, November 05, 2014 7:49:36 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Policy: ‘The Directors may from time to time pay to the Shareholders dividends,
including bonus shares, based on the financial performance of the Company in
each financial year’.
The opposite of courage is not cowardice, it's conformity.
heri
#20 Posted : Wednesday, November 05, 2014 9:09:16 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Thanks

i have put some little cash in UNAITAS and plan to add more starting Jan 2015

But do you know how they are doing on their 5 year strategy - new branches, and performance

quality of management etc

any info on the capital restructuring project
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