:: your online investment channel. :: your online investment channel. :: your online investment channel.
Home | About us | Contact us | Recommend this site | Suggestion Box
Latest Statistics:
NSE Index: 5,320.28 (down by 7.85 points)    |     Athi River Mining - 115.00    |     CMC Holdings - 22.50    |     Jubilee Insurance Co. - 194.00    |     Kenya Airways - 52.00    |     National Bank of Kenya - 64.50    |     AccessKenya Group - 34.00    |     Nation Media Group - 350.00    |     Barclays Bank - 73.00    |     TPS Eastern Africa - 73.00    |     Safaricom - 7.45    |     Kenya Oil Co - 89.00    |     Centum Investment Company 0.50 - 28.75    |     Kenya Commercial Bank - 32.00    |     Housing Finance Co - 34.00    |     British American Tobacco Kenya - 161.00    |     Kenya Re-Insurance Corporation - 17.45    |     Sameer Africa - 10.00    |     Crown Berger - 43.75    |     E.A.Cables - 42.75    |     Mumias Sugar Co. - 12.90    |     Total Kenya - 29.75    |     C.F.C Bank - 118.00    |     Olympia Capital Holdings - 15.10    |     Unga Group - 13.75    |     East African Breweries - 200.00    |     Sasini Tea & Coffee - 14.75    |     Rea Vipingo Plantations - 19.35    |     Kenya Power & Lighting - 222.00    |     Eveready East Africa - 5.80    |     Kakuzi - 37.00    |    
Home Analysis
Discussion forum
All forums | | view top contributors | back to forum
Post new topic | Post reply | Report Abuse!
Topic: Family Bank - nyari  [1,743 views | 10 replies]
Monday, February 11, 2008 07:32

My Source @ FBL tells me they started OTC on 4th February and its average price is about 80 - 85/=

Will be holding and buying more,their September results were quite impressive and I expect their EPS 2007 to be quite good considering they have only 75 Million shares issued.

What do yoy guys think?

How do you rate this topic? You need to be logged in to rate this topic.
Average rating: This topic has not yet been rated
Sort replies by:
Family Bank [Seles83]
Friday, February 15, 2008 20:39

i also made same mistake by buying CMC. Do not sell them until they reach a peak of 17. but we be missing other opportunities

Failure inspires are made not born Seles.Inc
Eddiemundu!! [winmak]
Friday, February 15, 2008 20:23

hey,thanx a lot for that load of info. I just need one more favor,I have been investing for over 2 years but i dont understand this P/E,EPS stuff. could you please spare some minutes and explain in simple english. true what u said about dividends. i went in for CMC(19bob) big time for the dividends,now i am regretting! courtesey to guys we are now learning (but with burnt fingers!).

kusoma sio mwisho wa ujinga!
Family Bank [Seles83]
Thursday, February 14, 2008 21:28


Keep up the good work,you are the voice of reason in my disturbed mind.

By the way what is the minimum ammount of shares that one can buy for family Bank

Failure inspires are made not born Seles.Inc
Family Bank * [Eddiemundu]
Thursday, February 14, 2008 18:17

@ Nyari,

I feel you..Dividends are like TASTING the 1st Chapati to down your salivation as you wait for the whole Hog to cook! But if yu nibble on Every 1st Chapo,you will have nothing to Place on the Dining Table for your Guests!

Familly Bank in this case cannot afford to give out a Cent in my opinion having in mind that CBK has put a Deadline for Banks to Recapilize to a minimum of 1B in a couple of months. Every cent needs to go towards this Goal and that explains why ALL banks want to move further away from this minimum Capital to enable them Loan out More and Take in More Deposits !

The Maximum Ratio for Bank Deposits to Capital is 10:1 .Deposits shouldnt be more than 10 times of Capital . Diamond and others are issuing Rights for this agenda...But FB cannot give out Rights that soon coz it has yet to Prove credence and CBK/CMA cant allow that so far..hence the Need to Freeze Dividends in the meantime !


Siafu Ndume Omundu!
Bonus or Dividend? [nyari]
Thursday, February 14, 2008 08:13

@ Eddie,

I agree with you totally I'd also prefer a bonus anytime. I'd even advise any bank wanting to give dividends to shelve the idea and instead capitalize the retained earning for a generous bonus.

However my question still stands,most companies feel the need to reward their investors after an IPO (private placement in the case of FBL) particularly if the investors were mostly retail as it generates a feeling of goodwill and attachement to the particular stock. A good example would be NBK just as you said retail investors just don't understand about capital gains. That's why I felt they might just go for the dividend option.

A combination of the two would be a better option.

Family Bank [MADE]
Wednesday, February 13, 2008 12:34


Keep up with the 'civic education' Quite informative

People don't care how much you know until they know how much you care.
Family Bank [Eddiemundu]
Tuesday, February 12, 2008 18:03


Real Investing Focuses on Capital Gains and not on Dividends.

As much as EPS is a Crucial parameter to watch when investing,Bonuses (Capital gain) is the Real Deal.

When you do the seasons without Dividends dont feel Shortchanged because all the Reserves are still your Wealth in waiting ( ShareHolders' equity ),as long as yu hold on your Stocks.

Putting your Eyes on Dividends is a Myopic Attribute that is very common with the Uninformed Poor folks who believe in PEANUT DIVIDENDS and they dont Understand  what Investing in Stocks entails.

They Hold on Redundant Stocks for Ages (Total Kenya) only because of the "Healthy" DPS,and they lose out on other Capital Gaining stocks like KPL/JUBILEE/NATION/EQITY etc,only because the Latter pay "little" Dividends!

Last year i was in the Midst of these folks at the  NBK steamy AGM and they were all too Ready to Vote for their Shares to be Reduced in NBK's Capital Base for the sake of Receiving Dividends!..remember NBK's saga of Negative Capital..?? They couldnt understand how NBK was Paid 20B by the govt and not pay them a cent.

Family Bank is a Growth Company ,Keep buying them.

Siafu Ndume Omundu!
OTC / SOP? [nyari]
Tuesday, February 12, 2008 12:45

@ Eddie,

Oh yeah that's true. It's only available to existing shareholders who also happen to be their customers. It's definately a way of rewarding their customers who have supported them over the years. Though I joined them during the placement,they've been good to me.

Was wondering about the bonus. Wouldn't it be prudent for a company that has held shareholder funds for an year to opt for dividends. This would set a bench mark for future dividends and market itself to potenial shareholders (once they list) i.e. EPS & DPS.

Will definately be buying some more

Family Bank * [Eddiemundu]
Tuesday, February 12, 2008 11:08

I mentioned here last year -2007 that guys should get these shares but i was snobbed badly !

Family Bank will definitely give out a Bonus of 1:1 so as to Capitalize all their Reserves before they Hit the NSE in early 2009. So in the meantime its about Capital gains and No dividends.

Their 2007 results were Super...2008  may be good though at a lower increment due to the elections Chaos.

I understand the OTC is yet to commence and what is now possible is Inhouse Trading only!

Only EXISTING SHARE HOLDERS can buy from EXISTING share Holders..Call it a RIGHTS TRADING..

Too bad if you didnt buy in the "IPO"..but definitely one will eventually get them at a PREMIUM (120+) and upwards of 200 bob in 2009 if God preserves this Country !


Siafu Ndume Omundu!

Family Bank [Mwenyekiti]
Tuesday, February 12, 2008 10:07

How can one access the shares? do you have more details?

The right time to buy a share is when nobody wants it.
Discussion forum
Post new topic | More discussions
budget (General - Stocks)[25]
"corrupted" names (BOC)[80]
Stocks Discussions
im planning to sell all my cable?any advice (EACABL)[1]
100 k to invest [5]
please advise:safcom refund problems[15]
co-op bank ipo[25]
bbk corporate bond[7]
equity bank analysis[24]
bbk is overpriced[1]
rights issue[2]
Other Discussions
sk trip to the mara[4]
sk user names[25]
dsl forcing clients to open account in chase bank to get refund[9]
burn out![1]
SK Discussion RSS  SK Discussion Forum RSS Feed | Learn more
Post new topic | More discussions
click here for more details
My Watch List
Please login in order to view/ update your watch list. If you don't have a login account, you may register for free! Once you login, click here to view your watch list.

(c) 2007 | Disclaimer | Privacy Policy | Terms of Use | Make this your homepage

NOTE: Website best viewed with a resolution of at least 800*600 (using Internet Explorer 6.0 or later/ Mozilla Firefox)