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64 Pages«<626364
Briatm, Britam, Britam sounds like sweet candy!
Ericsson
#1261 Posted : Friday, April 30, 2021 9:58:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Michael Turner of Actis appointed as a non-executive director.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
cyruskulei
#1262 Posted : Friday, April 30, 2021 10:49:29 AM
Rank: Member


Joined: 3/9/2010
Posts: 292
Location: kenya
Ericsson wrote:
Michael Turner of Actis appointed as a non-executive director.



Actis is operating in which country and what is their core business?
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

Ericsson
#1263 Posted : Friday, April 30, 2021 10:51:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
cyruskulei wrote:
Ericsson wrote:
Michael Turner of Actis appointed as a non-executive director.



Actis is operating in which country and what is their core business?

Actis are in Kenya.
Core business real estate and they are the owners of Garden City,Junction Mall
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1264 Posted : Friday, April 30, 2021 11:09:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Britam targets acquisitions in Africa growth

https://www.businessdail...-expansion-plans-3382634
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
essyk
#1265 Posted : Friday, April 30, 2021 3:52:40 PM
Rank: Elder


Joined: 11/15/2011
Posts: 4,510
Passing by for updates.
Some of you companies are now doing pyramid business to stay afloat but you keep posting glossy stories in order to lure clients.

Britams 9billion net loss

I am safe with my bank.Keep doing firirinda.




"The true measure of a man is how he treats someone who can do him absolutely no good.
VituVingiSana
#1266 Posted : Friday, April 30, 2021 8:38:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
Ericsson wrote:
Britam targets acquisitions in Africa growth

https://www.businessdail...expansion-plans-3382634

Britam needs to sort out its underperforming KE businesses first. And consolidate/expand in the markets it is already in.

The new CEO has tried to clean up the firm and streamline it.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1267 Posted : Saturday, May 01, 2021 6:44:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

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

Second half loss ksh.7bn
FY2020 loss ksh.9.7bn before tax
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1268 Posted : Monday, May 03, 2021 8:39:44 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Britam targets acquisitions in Africa growth

https://www.businessdail...expansion-plans-3382634

Britam needs to sort out its underperforming KE businesses first. And consolidate/expand in the markets it is already in.

The new CEO has tried to clean up the firm and streamline it.


Their biggest source of Gross Earned premiums is the life business.
Breakdown as follows;
Britam Life ksh.12.372bn
Regional General Insurance ksh.7.87bn
Kenya General Insurance ksh.7.957bn


Profitability before tax
Britam Life loss of ksh.3.437bn
Regional General Insurance profit of ksh.826mn
Kenya General Insurance profit of ksh.374mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1269 Posted : Tuesday, May 04, 2021 10:21:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Notice of AGM to be held virtually on 28 May 2021
Dr Benson Wairegi retires by rotation in accordance with Articles 91 and 92 of the Articles of Association of the company and being eligible does not offer himself for re-election as a director of the company
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#1270 Posted : Tuesday, May 04, 2021 11:22:59 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
Ericsson wrote:
Notice of AGM to be held virtually on 28 May 2021
Dr Benson Wairegi retires by rotation in accordance with Articles 91 and 92 of the Articles of Association of the company and being eligible does not offer himself for re-election as a director of the company

New bossman in town. Having Wairegi on the board while the new CEO dismantles the old structure would have been a distraction.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#1271 Posted : Tuesday, May 04, 2021 4:01:29 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,988
Location: Kitale
Apart from Jubilee,all other listed insurance firms are going through one problem or another.
Towards the goal of financial freedom
Ericsson
#1272 Posted : Tuesday, May 04, 2021 6:17:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Ebenyo wrote:
Apart from Jubilee,all other listed insurance firms are going through one problem or another.


Jubilee has sold it's general insurance business
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1273 Posted : Wednesday, June 02, 2021 9:50:31 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Britam sold 20.1 million Equity bank shares in the course of 2020.
It's stake now reduced to a new low of 6.77%.

https://www.businessdail...-in-equity-bank-3422542
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#1274 Posted : Monday, June 07, 2021 1:51:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
Ericsson wrote:
Ebenyo wrote:
Apart from Jubilee,all other listed insurance firms are going through one problem or another.


Jubilee has sold it's general insurance business

Smart move. It doesn't mean Jubilee has a problem. They got a great deal for their GI businesses.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1275 Posted : Wednesday, June 09, 2021 7:43:38 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Apart from Jubilee,all other listed insurance firms are going through one problem or another.


Jubilee has sold it's general insurance business

Smart move. It doesn't mean Jubilee has a problem. They got a great deal for their GI businesses.


Plus the regional operations which were mostly GI business.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Queen
#1276 Posted : Wednesday, June 09, 2021 12:33:22 PM
Rank: Member


Joined: 11/21/2018
Posts: 477
Location: Britain
Which other Aga Khan listed firm is planning to do a share buy-back? TPSE?
Ericsson
#1277 Posted : Wednesday, June 09, 2021 12:51:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Queen wrote:
Which other Aga Khan listed firm is planning to do a share buy-back? TPSE?


TPSE is heavily indebted,where will they get the cash to do a buy-back
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#1278 Posted : Wednesday, June 09, 2021 2:30:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,584
Location: Nairobi
Ericsson wrote:
Queen wrote:
Which other Aga Khan listed firm is planning to do a share buy-back? TPSE?


TPSE is heavily indebted,where will they get the cash to do a buy-back
Laughing out loudly Laughing out loudly Laughing out loudly TPSE should merge with NMG smile
COVID did a number on TPSEA.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Queen
#1279 Posted : Wednesday, June 09, 2021 2:45:27 PM
Rank: Member


Joined: 11/21/2018
Posts: 477
Location: Britain
VituVingiSana wrote:
Ericsson wrote:
Queen wrote:
Which other Aga Khan listed firm is planning to do a share buy-back? TPSE?


TPSE is heavily indebted,where will they get the cash to do a buy-back
Laughing out loudly Laughing out loudly Laughing out loudly TPSE should merge with NMG smile
COVID did a number on TPSEA.


Long before Covid, TPSE was already a c.a.r.c.a.s.s.
Ericsson
#1280 Posted : Saturday, September 18, 2021 8:28:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,920
Location: NAIROBI
Britam has advertised its land holdings in Kilimani,Upper Hill and Kileleshwa for sale.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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