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62 Pages«<59606162>
Briatm, Britam, Britam sounds like sweet candy!
nairobby
#1201 Posted : Thursday, June 13, 2019 1:19:41 PM
Rank: Member


Joined: 1/18/2019
Posts: 184
Location: kenya
babashuge wrote:
[quote=Ericsson]Dear Sir,

RE:AGENCY TO SELL VARIOUS LAND PARCELS ON BEHALF OF BRITAM
We are pleased to engage you to sell 3 parcels of land on behalf of Britam as follows;
1.LR NO 209/6267 located in Upper Hill.The land measures approx. 2.3 acres and the reserve price is Kes.600mn per acre

2.LR NO 12648/93 located in Lukenya along Mombasa Rd.The land measures approx. 172 acres and the reserve price is Kes.11 million per acre

3.LR 18048/49/50 located in Mlolongo,along Mombasa rd.The land measures approx. 25 acres and reserve price is Kes.46 million per acre

4.Britam Center LR NO 209/10520 located in Upper Hill Nairobi.Land size approx. 1.6 acre,fully developed with an office block,the reserve price is kes.2.24bn

5.Olive Garden Plot LR NO 209/380/8 located in Hurlingham,Rose Avenue off Arwings Kodhek Rd.Land approx. 0.6 acres,reserve price kes.280m

6.Ngong Land LR NO Ngong/Ngong/46 located in Ngong town measuring approximately 21 acres.The reserve price is kes.1 billion

NB/The commission payable will be 3% of the sale value.

Kindly confirm your acceptance of this appointment by responding to this letter.We look forward to hearing from you soonest.

Yours faithfully
Britam properties Ltd

Raphael Mwito
AG. General Manager

https://i0.wp.com/www.ka...tam.png?w=560&ssl=1[/quote]



They say 3 parcels for sale but have 6 listed... hoping this isn't how they do their accounts..


Laughing out loudly Laughing out loudly Laughing out loudly
Beler
#1202 Posted : Thursday, June 27, 2019 12:02:31 PM
Rank: New-farer


Joined: 1/15/2019
Posts: 31
I dont see a problem for potential buyer when company is listed. Actually, stock market is a good place to raise money for business. However, if you are buying company which is in deep trouble, then this might be really huge problem, regardless if company is listed or not
rwitre
#1203 Posted : Monday, May 18, 2020 10:30:05 AM
Rank: Member


Joined: 3/8/2018
Posts: 444
Location: Nairobi
I remember chasing this candy at 30 bob a piece a while back

Then deep pockets sinking in billions for a huge chunk at 15

Today morning it's at 6.6

Markets can be brutal
nairobby
#1204 Posted : Monday, May 18, 2020 7:47:31 PM
Rank: Member


Joined: 1/18/2019
Posts: 184
Location: kenya
mawinder wrote:
Even if the share takes a beating I am in this bus till 2019.I have missed many buses due to carelessness but I will not alight from this one!!!!!!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Angelica _ann
#1205 Posted : Monday, May 18, 2020 8:04:36 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
rwitre wrote:
I remember chasing this candy at 30 bob a piece a while back

Then deep pockets sinking in billions for a huge chunk at 15

Today morning it's at 6.6

Markets can be brutal


Na bado, wait for Jubilee to be through with us Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#1206 Posted : Monday, May 18, 2020 9:26:05 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,819
Location: nairobi
Angelica _ann wrote:
rwitre wrote:
I remember chasing this candy at 30 bob a piece a while back

Then deep pockets sinking in billions for a huge chunk at 15

Today morning it's at 6.6

Markets can be brutal


Na bado, wait for Jubilee to be through with us Laughing out loudly Laughing out loudly Laughing out loudly

This was a trap
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
kmucheke
#1207 Posted : Thursday, May 28, 2020 5:29:06 PM
Rank: Member


Joined: 3/16/2019
Posts: 172
Dear Shareholder, The Britam Holdings Plc AGM will be held on 29th June 2020 at 11.00am. Please register to participate in the AGM by dialing *483*802# and following the various prompts. Please note that registration will close on 26th June 2020 at 11.00 am.
Kusadikika
#1208 Posted : Thursday, May 28, 2020 7:43:05 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,681
What is the occupancy rate of the tower?

I remember sometime back I read somewhere a Britam official was quoted as saying with a lot of maringo that they did not want just any kind of tenant. The place was high class and they were looking for for sophisticated tenants. As economic times get worse itafika wakati someone will say bora tenant like the desperate bora bwana when a lady gets to 35.
Queen
#1209 Posted : Thursday, May 28, 2020 8:35:35 PM
Rank: Member


Joined: 11/21/2018
Posts: 391
Location: Britain
rwitre wrote:
Deep pockets taking advantage of bear to mop up and increae their holdings.

a.k.a averaging down kamikaze style Laughing out loudly

Quote:
AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.

Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.

The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion.


Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation.


#Post 1186 of 10th January, 2019.

Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt.
winmak
#1210 Posted : Thursday, May 28, 2020 8:42:24 PM
Rank: Member


Joined: 12/1/2007
Posts: 512
Location: Nakuru
Queen wrote:
rwitre wrote:
Deep pockets taking advantage of bear to mop up and increae their holdings.

a.k.a averaging down kamikaze style Laughing out loudly

Quote:
AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.

Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.

The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion.


Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation.


Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt.


But Africinvest are large faceless corporations that don’t feel pain of loss paper or otherwise
For investors as a whole, returns decrease as motion increases ~ WB
Queen
#1211 Posted : Thursday, May 28, 2020 9:14:58 PM
Rank: Member


Joined: 11/21/2018
Posts: 391
Location: Britain
winmak wrote:
Queen wrote:
rwitre wrote:
Deep pockets taking advantage of bear to mop up and increae their holdings.

a.k.a averaging down kamikaze style Laughing out loudly

Quote:
AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.

Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.

The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion.


Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation.


Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt.


But Africinvest are large faceless corporations that don’t feel pain of loss paper or otherwise


They are not so faceless.
kmucheke
#1212 Posted : Wednesday, July 15, 2020 5:37:21 PM
Rank: Member


Joined: 3/16/2019
Posts: 172
Quote:
Payment of KES 0.25 first and final dividend Jul 03 2020


Britam dividend,anybody?
Ericsson
#1213 Posted : Thursday, August 20, 2020 9:49:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,839
Location: NAIROBI
Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
KaunganaDoDo
#1214 Posted : Thursday, August 20, 2020 10:06:08 AM
Rank: Member


Joined: 8/6/2018
Posts: 271
Ericsson wrote:
Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html


They are so embarrassed by the results that they have blurred them...so that they are not legible
Queen
#1215 Posted : Friday, August 21, 2020 9:20:37 AM
Rank: Member


Joined: 11/21/2018
Posts: 391
Location: Britain
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html[/quote]

This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.
Ericsson
#1216 Posted : Friday, August 21, 2020 9:50:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,839
Location: NAIROBI
Queen wrote:
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html[/quote]

This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.


And a big property portfolio with low occupancy.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#1217 Posted : Friday, August 21, 2020 10:47:06 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,700
What happened to the sweet candy smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Queen
#1218 Posted : Friday, August 21, 2020 10:58:06 AM
Rank: Member


Joined: 11/21/2018
Posts: 391
Location: Britain
Ericsson wrote:
Queen wrote:
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html[/quote]

This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.


And a big property portfolio with low occupancy.


Yes that one is a white elephant.
Ericsson
#1219 Posted : Friday, August 21, 2020 11:03:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,839
Location: NAIROBI
Angelica _ann wrote:
What happened to the sweet candy smile


Sweet became bitterLaughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Queen
#1220 Posted : Friday, August 21, 2020 11:47:41 AM
Rank: Member


Joined: 11/21/2018
Posts: 391
Location: Britain
Ericsson wrote:
Angelica _ann wrote:
What happened to the sweet candy smile


Sweet became bitterLaughing out loudly


There was a time it was being referred to as Britank in these streets.
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