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BRITAK IPO: The Money Maker
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Aguytrying
#171 Posted : Thursday, June 30, 2011 11:34:59 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
the deal wrote:
I have just received an invite from the MD for some event taking place today...


You dug up too much dung on this thing and the PR for the IPO is now torpedo'd...

They'll hire you to make it bullish again and silence you since it'll be called insider trading smile

fresh
The investor's chief problem - and even his worst enemy - is likely to be himself
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Mainat
#172 Posted : Friday, July 01, 2011 12:28:54 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
the deal wrote:
@mwanahisa read my blogpost again and you will see that Britak as a business is struggling...management has failed to diversify the companies earning streams...its only now that their thinking of taking real estate seriously how??? While buying their IPO pray that the NSE doe as not fun otherwise they will be forced to issue a profit warning in their first year of listing...the IPO might be successful but it will have to do with marketing and the Sh9 bob price so wanjiku will buy in droves thinking its cheap and why ignore the 2.1 bln shares? Are they not coming to the market? Why are you investing in IPO state your reasons? If its Equity you want why not just buy from the market?

To me Britak offers nothing special...CIC is the company to watch.

From this to a long-term buy just from being charmed by Wairegi? Makes me even more suspicious. Why would you sell Equity now when you will positively make another 25-40% by 2013 excluding dividend? How come Britak only has a strategy with new capital being pumped in?
Sehemu ndio nyumba
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VituVingiSana
#173 Posted : Friday, July 01, 2011 10:52:51 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
QW25071985 wrote:
the deal wrote:
I have just received an invite from the MD for some event taking place today...


hahahaha. U are just beign rewarded for the free PR you have done for them through starting this long thread and ur blog. Or you think he loves you. Anyway it shld be interesting for you as you rua shoulders with billionare.if i were you i woudnt throw away this chance.i squeeze every drop of juice out of it.
Amenunuliwa by buying him a few drinks! Laughing out loudly Laughing out loudly Laughing out loudly Lakini, I would rather listen to @thedeal than some other characters waiting for KK at 10/-!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#174 Posted : Friday, July 01, 2011 11:30:31 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I saw the company from an insider perspective although my research on them is correct in many aspects...i must admit its too critical and it seems they are willing to address some of the concerns raised on the blog..i.e Britak is the no1 ordinary life insurer...they have reduced their exposure to Equity which to me was long overdue due to the market risk associated with that stake @mainat..they have prime land banks in upper hill...lavington...they recently finished a development...also its wrong to compare them to Jub because Jub is a composite insurer...the CEO also said the lack of diversification was because of being a private company and their using IPO funds to address that...so for long term you cant go wrong.
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selah
#175 Posted : Friday, July 01, 2011 12:48:11 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
the deal wrote:
It was good to meet the Britak hierachy today..from CEO...to the management...one thing...they all have my report and its quiet something...they showed me inside...the IPO funds are well planned for...also stake in Eqty Bank is now 6.6%...is Britak a Buy? Yes for Long term.


They reduced their shareholding in a very promising bank,I think reducing their stake in HF would have made more sense.

Anyway putting the cocktail hangover aside just tell us why We should buy Britak at a premium Now? and explain to Us why they are land banking instead of selling or developing the idle assets?
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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the deal
#176 Posted : Friday, July 01, 2011 2:32:01 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
selah wrote:
the deal wrote:
It was good to meet the Britak hierachy today..from CEO...to the management...one thing...they all have my report and its quiet something...they showed me inside...the IPO funds are well planned for...also stake in Eqty Bank is now 6.6%...is Britak a Buy? Yes for Long term.


They reduced their shareholding in a very promising bank,I think reducing their stake in HF would have made more sense.

Anyway putting the cocktail hangover aside just tell us why We should buy Britak at a premium Now? and explain to Us why they are land banking instead of selling or developing the idle assets?

The land banks will be developed using IPO funds...Britak is debt free I.e 0% gearing...like have stated above the Eqty stake has alot of market risk through FVGL...they also have the Manpower...
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Aguytrying
#177 Posted : Friday, July 01, 2011 6:28:53 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
ha. Yeah. But these guys are sharp they run multi billionaire institutions. The deal had no chance by just arriving.
VituVingiSana wrote:
QW25071985 wrote:
[quote=the deal]I have just received an invite from the MD for some event taking place today...


hahahaha. U are just beign rewarded for the free PR you have done for them through starting this long thread and ur blog. Or you think he loves you. Anyway it shld be interesting for you as you rua shoulders with billionare.if i were you i woudnt throw away this chance.i squeeze every drop of juice out of it.
Amenunuliwa by buying him a few drinks! Laughing out loudly Laughing out loudly
The investor's chief problem - and even his worst enemy - is likely to be himself
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holycow
#178 Posted : Friday, July 01, 2011 7:55:55 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
@ The Deal, you have the potential to be a politician. You've blown hot, cold and hot on this one.


#176 Posted : Friday, July 01, 2011 2:32:01 PM

the deal wrote:
selah wrote:
the deal wrote:
It was good to meet the Britak hierachy today..from CEO...to the management...one thing...they all have my report and its quiet something...they showed me inside...the IPO funds are well planned for...also stake in Eqty Bank is now 6.6%...is Britak a Buy? Yes for Long term.


They reduced their shareholding in a very promising bank,I think reducing their stake in HF would have made more sense.

Anyway putting the cocktail hangover aside just tell us why We should buy Britak at a premium Now? and explain to Us why they are land banking instead of selling or developing the idle assets?

The land banks will be developed using IPO funds...Britak is debt free I.e 0% gearing...like have stated above the Eqty stake has alot of market risk through FVGL...they also have the Manpower...


#146 Posted : Wednesday, June 29, 2011 1:35:46 PM
the deal wrote:
@mwanahisa read my blogpost again and you will see that Britak as a business is struggling...management has failed to diversify the companies earning streams...its only now that their thinking of taking real estate seriously how??? While buying their IPO pray that the NSE doe as not fun otherwise they will be forced to issue a profit warning in their first year of listing...the IPO might be successful but it will have to do with marketing and the Sh9 bob price so wanjiku will buy in droves thinking its cheap and why ignore the 2.1 bln shares? Are they not coming to the market? Why are you investing in IPO state your reasons? If its Equity you want why not just buy from the market?

To me Britak offers nothing special...CIC is the company to watch.


#139 Posted : Wednesday, June 29, 2011 12:06:02 PM
the deal wrote:
Update we rate the company EXPENSIVE compared to its peers check here


#95 Posted : Tuesday, June 28, 2011 3:07:24 PM

the deal wrote:
Cheap IPO Weak Fundamentals thats all I can say....if I'm taking part I will be speculating.


#77 Posted : Thursday, June 02, 2011 7:00:41 AM

the deal wrote:

True true btwn they have too much debt ( Bank loan Ksh 743 Million) on their balance sheet...apart from their investment in Eqty and HF i dont see any good asset there...



#1 Posted : Thursday, May 05, 2011 11:10:57 AM
the deal wrote:
I plan to liquidate half of my holdings in anticipation of this IPO's...i have been looking at their numbers...been chatting to the folks on twitter...12% in JM's Equity and Sister HF...2.7B profit even JUB will envy them...overall 6B is too small for an IPO likely to be superly OverSubscribed...
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youcan'tstopusnow
#179 Posted : Friday, July 01, 2011 8:07:43 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
...and what makes Britak a better investment even for what yo term "the long term" than say Equity, KCB, KenolKobil?

"for the long term" many many many companies are a BUY as the economy surely expans during "the long term". Managers are very cunning. I bet if I you met the Olympia C.E.O.....
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#180 Posted : Friday, July 01, 2011 8:09:02 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
holycow, ask Cde! The media is always right!
GOD BLESS YOUR LIFE
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