meme wrote:VituVingiSana wrote:They need to form a Holding Company then put Equity Bank, Britam and HFCK under it. Give shareholders of each entity shares in the 'parent' [Holding Company] so the 3 firms are 100% subsidiaries.
Britam/Equity Holdings will now be a Financial Supermarket but its subsidiaries operate independently [though each will cross-sell products].
HFCK concentrates on mortgages & property development.
Britam provides long-term funds to HFCK and its core insurance business.
Equity does what it does best. Banking.
Equitel can be a subsidiary of Britam/Equity Holdings with very close links to all 3 finance entities.
This has been in pipeline since last year...
@VVS they should have you on the board.
When britam bought the 24% HFCK stake i thought to myself, if i would have known this earlier, i would have been a britam shares buyer from a long time ago.
The investor's chief problem - and even his worst enemy - is likely to be himself