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I&M Holdings FY17
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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@pesanane that’s I&M Holdings. Please post for the bank
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:Dividends
The directors recommend a dividend of KShs. 3.50 per share amounting to KShs.1,446,918,791 for the year ended 31 December 2017. A dividend
of KShs. 3.50 per share amounting to KShs. 1,446,918,791 in respect of the year ended 31 December 2016 was paid on the 25 May 2017.
The dividend will be payable to shareholders registered on the Company’s Register at the close of business on Monday 30 April 2018 and will
be paid on or around Thursday, 24 May 2018. The Register of Members will be closed from Wednesday, 2 May 2018 to Monday, 7 May 2018 (both
days inclusive) for the purpose of processing the dividend. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:
@pesanane that’s I&M Holdings. Please post for the bank
(The Group’s financial statements include I&M Bank (T) Limited and I&M Insurance Agency Limited.)   Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Loan Loan Provisions (P&L) up huge by 1.3bn (Kenya +1.1bn) NPLs are up a massive 10bn (Kenya +9.6bn) The Net NPL Exposure remains zero which means there is sufficient collateral to cover the NPLs but if sufficient recoveries or progress is not made then I&M will have to take a 20% provision annually for the existing NPLs (less recoveries). The reported PAT was better than I expected. The proof in the pudding will be in FY 2018 results with IFRS 9 and provisions from the much larger NPLs reported for FY 2017. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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What's this nonsense? Why buy an insurance broker? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? Deals deals deals Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Buy expensive...the seller then "refunds" the principal shareholders directly...everyone is happy! Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker?  You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'.  I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. Makes sense. All the best with your investment journey @vvs
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. IOW, @vvs is saying that investment is NOT like the KANU siasa of "Baba na Mama"!
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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chiaroscuro wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. IOW, @vvs is saying that investment is NOT like the KANU siasa of "Baba na Mama"! But if one chooses to consistently invest in dubious firms.. Huyo tutamsaidiaje
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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obiero wrote:chiaroscuro wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. IOW, @vvs is saying that investment is NOT like the KANU siasa of "Baba na Mama"! But if one chooses to consistently invest in dubious firms.. Huyo tutamsaidiaje I agree! Do you mean a firm that has consistently made losses for 6 years? Needed a huge bailout from lenders? Can't pay a dividend for at least another 3 years? Can't compete well against its peer from Ethiopia? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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