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BRITAK PROSPECTUS
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tkzee
#51 Posted : Thursday, July 14, 2011 12:35:27 PM
Rank: Member

Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
I have checked on the prospectus and something i have noticed is that they are heavily invested in equities.Also n part of the profits they declared last year(about 3.56b)in investment income is realized gains in equities(this could be the strategic stake they hold in EQT & HF).Their comprehensive income also includes about 2.5b from revaluation of equities.Growth in premiums was about 17% as at last year and most of it came from the general insurance business not from life insurance where they control the largest market share.(Their main business is not doing so well).

May be it could make a good long term investment given that they are getting into the property market.
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Aguytrying
#52 Posted : Thursday, July 14, 2011 12:56:16 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
TCL had the cabl profits up their sleeve, i wonder what britak have. 62% drop in profits. Yikes! But its an ipo, you never know. Mwanahisa, do you think it will tank or not, still worth a play? I've got cold feet due to the forementioned.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwanahisa
#53 Posted : Thursday, July 14, 2011 1:22:18 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@AGT, I have still not read the prospectus as yet. I don't think this will be a hot IPO and I will not be surprised if it tanks soon after listing.

I am looking at a number of other options in the market and have started deploying my reserve.

I have not completely discounted putting in some money into BA, but If I do, it will be fairly limited and a fly by night operation - out the first day of trading like I would have done on TCL today!

Aguytrying wrote:
TCL had the cabl profits up their sleeve, i wonder what britak have. 62% drop in profits. Yikes! But its an ipo, you never know. Mwanahisa, do you think it will tank or not, still worth a play? I've got cold feet due to the forementioned.
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Impunity
#54 Posted : Thursday, July 14, 2011 1:23:22 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Aguytrying wrote:
TCL had the cabl profits up their sleeve, i wonder what britak have. 62% drop in profits. Yikes! But its an ipo, you never know. Mwanahisa, do you think it will tank or not, still worth a play? I've got cold feet due to the forementioned.


Tafakari, usiogope...
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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dunkang
#55 Posted : Monday, July 18, 2011 4:21:22 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
WASTE YOUR MONEY HERE!
Receive with simplicity everything that happens to you.” ― Rashi

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mwanahisa
#56 Posted : Monday, July 18, 2011 4:24:24 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
mwanahisa wrote:
I have not completely discounted putting in some money into BA, but If I do, it will be fairly limited and a fly by night operation - out the first day of trading like I would have done on TCL today!


Now, wouldn't that have been nice. Pity, I didn't have any TCL shares.
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