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BRITAK PROSPECTUS
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mwanahisa
#11 Posted : Tuesday, July 12, 2011 12:07:37 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Pg 40 in the DN (BA's abridged prospectus).

The company projects a whopping 62% drop in the Profit After Tax in 2011 from Kshs 2.7B in 2010 to Kshs 1B. Now that's almost exactly the average PAT for the last 5 years.

Hmmmmh!
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selah
#12 Posted : Tuesday, July 12, 2011 12:10:57 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
mwanahisa wrote:
Pg 40 in the DN (BA's abridged prospectus).

The company projects a whopping 62% drop in the Profit After Tax in 2011 from Kshs 2.7B in 2010 to Kshs 1B. Now that's almost exactly the average PAT for the last 5 years.

Hmmmmh!


I havent read the prospectus but thats some one huge loss have they explained why they project such a huge hit?
'......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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Layman
#13 Posted : Tuesday, July 12, 2011 12:16:32 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
THIS IS WHAT THEY PROJECT FOR 2011 AS PER THE PROSPECTUS

Investments Income will decline from 4.8bln to 1.8 bln

PBT 1,168,670,000
PAT 1,028,138,000
OTHER COMPREHENSIVE INCOME 945,895,000
TOTAL INCOME 1,974,033,000
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  | | Edit by user: Tuesday, July 12, 2011 12:19 PM | Reason: Not specified
FUNKY
#14 Posted : Tuesday, July 12, 2011 12:19:20 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
If the 62 % drop in profits is true i feel pity for those investing in thr IPO.
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Bettertry
#15 Posted : Tuesday, July 12, 2011 12:36:32 PM
Rank: Member

Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
QW25071985 wrote:
I need the hard copies so that i have something to remember the hype that never was ..Laughing out loudly Laughing out loudly Laughing out loudly

Frankly speaking l've seen better IPO marketing hypes than this... it leaves a lot to be desired!!! It's like they didn't want to place all the cards on the table... but then again the reasons for that r beginning to emerge.
We Will Either Find a Way or Create One - HANNIBAL
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Sober
#16 Posted : Tuesday, July 12, 2011 12:46:51 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
FUNKY wrote:
If the 62 % drop in profits is true i feel pity for those investing in thr IPO.


what of those like me who will be speculating in this counter (not investing) i will sell immediately trading starts and when the hype is still on.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#17 Posted : Tuesday, July 12, 2011 12:53:40 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
WHERE IS THE HARD COPY!? any link.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#18 Posted : Tuesday, July 12, 2011 1:00:05 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
QW25071985 wrote:
We want hard copies !!!!!!!!!!!!!! pdf version is too shallow ...


chukua PDF and print it. do you have the authentic PDF, i have read enough blogs mpaka i am now confused.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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ecstacy
#19 Posted : Tuesday, July 12, 2011 1:13:06 PM
Rank: Elder

Joined: 2/26/2008
Posts: 4,449
With an over 60% profit drop projected and a lethargic Wanjiku, who will you be selling to post-IPO?...
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the deal
#20 Posted : Tuesday, July 12, 2011 1:18:56 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
My comparative analysis on Britak are now available in pdf here Laughing out loudly Laughing out loudly Laughing out loudly i once talked of a profit warning here...now you know why the went all the way to meet me....smile
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