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I&M activates capitalisation strategy
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mwekez@ji
#1 Posted : Monday, November 18, 2013 9:05:25 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
•I&M Bank is seeking to raise Sh10 billion by selling a corporate bond

•The listed bank has got approval from the industry regulator, the Capital Markets Authority (CMA), to raise part of the amount in the first tranche of the offer

•I&M Bank, similar to Housing Finance, is raising additional funds for expansion through the issue of a bond

http://www.businessdailyafrica....8/-/mvexocz/-/index.html
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VituVingiSana
#2 Posted : Monday, November 18, 2013 9:24:40 AM
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Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
Pricing will be key!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#3 Posted : Monday, November 25, 2013 11:33:06 AM
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Joined: 5/31/2011
Posts: 5,121
Offer open from today for the next 2 weeks. ... A private placement and participation is by invitation. ... Dont understand why they've decided to make it so yet it'll be listed at NSE
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VituVingiSana
#4 Posted : Monday, November 25, 2013 12:00:19 PM
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Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
@mwekezaji - I read the notice in the paper. It did not indicate a "Private Placement" not "By Invitation" ... if so it also means they probably have it all sold!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#5 Posted : Monday, November 25, 2013 12:52:48 PM
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Joined: 5/31/2011
Posts: 5,121
@VVS, think of it, the information memorandum and pricing supplement is out but is made available to the few. I agree, this issue could already have recieved full subscription or a lot of support from a given people
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obiero
#6 Posted : Wednesday, November 27, 2013 7:03:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
mwekez@ji wrote:
@VVS, think of it, the information memorandum and pricing supplement is out but is made available to the few. I agree, this issue could already have recieved full subscription or a lot of support from a given people

This is a stock to watch
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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mwekez@ji
#7 Posted : Wednesday, December 11, 2013 6:33:33 PM
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Joined: 5/31/2011
Posts: 5,121
Bond oversubscribed. Hii bond ilikuwa na wenyewe. ... Good show of confidence in the bank.
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mwekez@ji
#8 Posted : Monday, December 23, 2013 9:16:17 AM
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Joined: 5/31/2011
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georgenelson
#9 Posted : Monday, December 23, 2013 4:13:41 PM
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Joined: 12/23/2013
Posts: 2
The link you shared was really help me to understand the I&M activates capitalization strategies.
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murchr
#10 Posted : Sunday, March 23, 2014 3:13:49 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
At a price of 125/- the trailing PE is 73/- Really?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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