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Family Bank shares OTC
Rank: Member Joined: 3/26/2012 Posts: 830
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Hello Wazuans. Anyone with a copy of the HY2014 results? What is the current share price at the OTC market? When do they plan on listing? What are the minimum number of shares one can buy? Is the stock liquid in the OTC market? Thanks in advance 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: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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am also following this I find satisfaction in owning great business,not trading them
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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The results were in yesterday's papers. On buying the shares - it tends to be quite difficult to get them, for some reason. Very few people want to sell. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Member Joined: 3/26/2012 Posts: 830
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target1360 wrote:am also following this I just called their HO and they told me that it is currently trading between 48 and 50 per share. In my opinion, despite the extremely high growth rate in profits over the last three years, the counter is still grossly overvalued. It is the best bank one can own in kenya right now but the dividend yield is extremely low and so I am going to let it pass. I expect an EPS of Ksh 4 this year. Dividends play a important role in determining the total return on investment of a stock. It would be a good buy for anyone who doesnt care much about dividends 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: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:target1360 wrote:am also following this I just called their HO and they told me that it is currently trading between 48 and 50 per share. In my opinion, despite the extremely high growth rate in profits over the last three years, the counter is still grossly overvalued. It is the best bank one can own in kenya right now but the dividend yield is extremely low and so I am going to let it pass. I expect an EPS of Ksh 4 this year. Dividends play a important role in determining the total return on investment of a stock. It would be a good buy for anyone who doesnt care much about dividends Incidentally i also made an inquiry but at a Branch office. Was told that it is trading at 45. Life is short. Live passionately.
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Rank: Member Joined: 3/26/2012 Posts: 830
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sparkly wrote:S.Mutaga III wrote:target1360 wrote:am also following this I just called their HO and they told me that it is currently trading between 48 and 50 per share. In my opinion, despite the extremely high growth rate in profits over the last three years, the counter is still grossly overvalued. It is the best bank one can own in kenya right now but the dividend yield is extremely low and so I am going to let it pass. I expect an EPS of Ksh 4 this year. Dividends play a important role in determining the total return on investment of a stock. It would be a good buy for anyone who doesnt care much about dividends Incidentally i also made an inquiry but at a Branch office. Was told that it is trading at 45. I think CFC Stanbic is a better bet for growth stocks. 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: New-farer Joined: 3/1/2014 Posts: 82
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S.Mutaga III wrote:Hello Wazuans. Anyone with a copy of the HY2014 results? What is the current share price at the OTC market? When do they plan on listing? What are the minimum number of shares one can buy? Is the stock liquid in the OTC market? Thanks in advance Listing postponed to 2017/2018 thereabouts “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Member Joined: 4/1/2008 Posts: 141
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@SMutaga111
In order to access the chance of buying OTC from this bank,
I tried before but I was told by them that you have to open a bank account with them first.Well that was 3 years ago when the price of the stock was @Ksh 40.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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wanyina wrote:@SMutaga111
In order to access the chance of buying OTC from this bank,
I tried before but I was told by them that you have to open a bank account with them first.Well that was 3 years ago when the price of the stock was @Ksh 40. You can't buy OTC unless you are already in! The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 4/1/2008 Posts: 141
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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?
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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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.'  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
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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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
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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Anyone with current information of the EPS
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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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
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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.
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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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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