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Family Bank shares OTC
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S.Mutaga III
#1 Posted : Wednesday, August 06, 2014 12:02:30 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
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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  | | Edit by moderator: Thursday, October 16, 2014 1:06 PM | Reason: topics merged
target1360
#2 Posted : Wednesday, August 06, 2014 1:21:32 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
am also following this
I find satisfaction in owning great business,not trading them
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DBLyon
#3 Posted : Wednesday, August 06, 2014 1:31:55 PM
Rank: Member

Joined: 5/28/2014
Posts: 149
Location: Nairobi
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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S.Mutaga III
#4 Posted : Wednesday, August 06, 2014 1:32:17 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
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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sparkly
#5 Posted : Wednesday, August 06, 2014 6:25:30 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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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S.Mutaga III
#6 Posted : Wednesday, August 06, 2014 7:43:01 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
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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Kastone
#7 Posted : Thursday, August 07, 2014 2:51:14 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
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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wanyina
#8 Posted : Thursday, August 07, 2014 4:43:43 PM
Rank: Member

Joined: 4/1/2008
Posts: 141
@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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jerry
#9 Posted : Thursday, August 07, 2014 8:07:44 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
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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wanyina
#10 Posted : Thursday, October 16, 2014 12:27:15 PM
Rank: Member

Joined: 4/1/2008
Posts: 141
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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  | | Edit by moderator: Thursday, October 16, 2014 12:46 PM | Reason: topics merged
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