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55 Pages«<52535455>
Briatm, Britam, Britam sounds like sweet candy!
actuarywahisa
#1061 Posted : Monday, January 09, 2017 9:59:16 AM
Rank: New-farer


Joined: 5/21/2014
Posts: 66
Pesa Nane wrote:
For records



sparkly wrote:

Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.


Doesn't the notice state that the deal is subject to approval by the shareholders and the regulator?
There are too many opportunities all around. Open your eyes and maybe you'll spot one
Spikes
#1062 Posted : Monday, January 09, 2017 10:03:09 AM
Rank: Veteran


Joined: 9/20/2015
Posts: 1,547
And coming up is corporate action that adds value to Britam....



https://www.standardmedi...-britam-products-in-pact
Ericsson
#1063 Posted : Monday, January 09, 2017 10:42:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 2,584
Location: NAIROBI
[quote=Spikes]And coming up is corporate action that adds value to Britam....



https://www.standardmedi...britam-products-in-pact[/quote]

Has no effect on share price which is still falling
VituVingiSana
#1064 Posted : Monday, January 09, 2017 1:53:57 PM
Rank: Chief


Joined: 1/3/2007
Posts: 12,785
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.


Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#1065 Posted : Monday, January 09, 2017 2:09:39 PM
Rank: Elder


Joined: 9/23/2009
Posts: 5,049
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.


Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.


Yes, lack of cash to buy more is the problem below NAV is the problem.
Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough.
~ Oprah Winfrey
VituVingiSana
#1066 Posted : Monday, January 09, 2017 3:14:30 PM
Rank: Chief


Joined: 1/3/2007
Posts: 12,785
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.


Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.


Yes, lack of cash to buy more is the problem below NAV is the problem.

Then you should have said so instead of trying to blame the "monied shareholder" who paid a huge (50%) premium to the Market Price. What's the NAV of Britam?

Plus why would significant (& wealthy) shareholders like Wairegi, Mwangi, Mbaru, Munga, et al agree to a sale below (published) NAV unless they know something we do not.

Based on the above, I am NOT buying Britam shares until I see the 2016 results and the terms of the IFC purchase. Good luck.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#1067 Posted : Monday, January 09, 2017 8:34:31 PM
Rank: Elder


Joined: 9/23/2009
Posts: 5,049
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.


Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.


Yes, lack of cash to buy more is the problem below NAV is the problem.

Then you should have said so instead of trying to blame the "monied shareholder" who paid a huge (50%) premium to the Market Price. What's the NAV of Britam?

Plus why would significant (& wealthy) shareholders like Wairegi, Mwangi, Mbaru, Munga, et al agree to a sale below (published) NAV unless they know something we do not.

Based on the above, I am NOT buying Britam shares until I see the 2016 results and the terms of the IFC purchase. Good luck.


The minorities are being shafted.
Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough.
~ Oprah Winfrey
hisah
#1068 Posted : Wednesday, January 11, 2017 12:28:01 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,673
IFC excitement wiped out...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
muandiwambeu
#1069 Posted : Wednesday, January 11, 2017 1:06:23 PM
Rank: Member


Joined: 8/28/2015
Posts: 447
hisah wrote:
IFC excitement wiped out...

Wana hisa wamekataa kula IFC laced brits and sukari ndani ya NSE cinema.Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
,Behold, a sower went forth to sow;....
VituVingiSana
#1070 Posted : Wednesday, January 11, 2017 1:12:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 12,785
Location: Nairobi
KenRe vs Britam. I have made my choice. Based on the remarks by the CEO at the 1H briefing, I expect a dividend of 85-100 cents for FY 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
bird_man
#1071 Posted : Saturday, January 14, 2017 2:03:46 PM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,158
Location: Nairobi
Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now.
Formally employed people often live their employers' dream & forget about their own.
sparkly
#1072 Posted : Sunday, January 15, 2017 7:49:59 AM
Rank: Elder


Joined: 9/23/2009
Posts: 5,049
Location: Enk are Nyirobi
bird_man wrote:
Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now.


Hope so and also hope for the mandatory reinsurance to Kenya Re.
Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough.
~ Oprah Winfrey
obiero
#1073 Posted : Sunday, January 15, 2017 8:26:00 AM
Rank: Elder


Joined: 6/23/2009
Posts: 5,054
Location: nairobi
sparkly wrote:
bird_man wrote:
Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now.


Hope so and also hope for the mandatory reinsurance to Kenya Re.

Headed sub 10 by tomorrow https://www.nse.co.ke/ma...tatistics&Itemid=190

COOP 12,000; HF 5,300; KQ 39,500

muandiwambeu
#1074 Posted : Sunday, January 15, 2017 9:21:46 AM
Rank: Member


Joined: 8/28/2015
Posts: 447
bird_man wrote:
Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now.

Leading from the scandals end too. De-ratting the rawats ghosts is not easy for brits. Very suspect for mi.Sad Sad
,Behold, a sower went forth to sow;....
Spikes
#1075 Posted : Thursday, January 19, 2017 2:30:26 PM
Rank: Veteran


Joined: 9/20/2015
Posts: 1,547
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .


Some of us are trapped inside....pray for us...
obiero
#1076 Posted : Thursday, January 19, 2017 3:22:57 PM
Rank: Elder


Joined: 6/23/2009
Posts: 5,054
Location: nairobi
Spikes wrote:
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .


Some of us are trapped inside....pray for us...

Jiraha la kujitakia huambiwi pole

COOP 12,000; HF 5,300; KQ 39,500

murchr
#1077 Posted : Friday, January 20, 2017 5:14:32 AM
Rank: Elder


Joined: 2/26/2012
Posts: 10,341
Spikes wrote:
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .


Some of us are trapped inside....pray for us...


Poleni sana, next time heed to warnings every market has magicians
"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
.
obiero
#1078 Posted : Friday, January 20, 2017 7:39:16 AM
Rank: Elder


Joined: 6/23/2009
Posts: 5,054
Location: nairobi
murchr wrote:
Spikes wrote:
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .


Some of us are trapped inside....pray for us...


Poleni sana, next time heed to warnings every market has magicians

These guys are massive at the exchange, hence the big hit.. Good thing is that Munga is still inside and we all know he can't take a loss lying low

COOP 12,000; HF 5,300; KQ 39,500

muandiwambeu
#1079 Posted : Friday, January 20, 2017 10:20:34 AM
Rank: Member


Joined: 8/28/2015
Posts: 447
obiero wrote:
murchr wrote:
Spikes wrote:
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .


Some of us are trapped inside....pray for us...


Poleni sana, next time heed to warnings every market has magicians

These guys are massive at the exchange, hence the big hit.. Good thing is that Munga is still inside and we all know he can't take a loss lying low

Munga is in a different league from ordinary wanjiku. He can negotiate his stake and his interests are totally not at the same level with the trading wanjiku.
,Behold, a sower went forth to sow;....
mkate_nusu
#1080 Posted : Friday, January 20, 2017 10:45:49 AM
Rank: Member


Joined: 5/30/2016
Posts: 298
Location: Kayole
obiero wrote:
Spikes wrote:
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .


Some of us are trapped inside....pray for us...

Jiraha la kujitakia huambiwi pole

hehe Laughing out loudly Laughing out loudly take it easy on the brother the share price has declined 10 % today
Bill Clinton is not a hypocrite. If a man believes that it is just and moral to redistribute wealth, there is nothing hypocritical in his attempts to redistribute some of that wealth to himself. P. J. O'Rourke
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