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Britam FY 2014 PAT grows by 22.7%
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watesh
#41 Posted : Saturday, April 25, 2015 10:42:23 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
murchr wrote:
Boris Boyka wrote:
murchr wrote:
Pesa Nane wrote:
Tihihi Laughing out loudly Laughing out loudly Laughing out loudly
Quote:
The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million...




Hii ni mchezo.

So PAT grew a mere 7.86% smile Enyewe business in 2014 haikuwa ya m*** ya NSE firms.


Toa 342m kwanza

Haha now not regretting selling all my shares in this company at 35. Bad news all over, will stock up a pile of cash and speculate the right entry point once it takes a huge hit
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ike
#42 Posted : Saturday, April 25, 2015 11:39:27 AM
Rank: Member

Joined: 7/2/2014
Posts: 123
murchr wrote:
Boris Boyka wrote:
murchr wrote:
Pesa Nane wrote:
Tihihi Laughing out loudly Laughing out loudly Laughing out loudly
Quote:
The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million...




Hii ni mchezo.

So PAT grew a mere 7.86% smile Enyewe business in 2014 haikuwa ya m*** ya NSE firms.


Toa 342m kwanza


and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air
,
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murchr
#43 Posted : Saturday, April 25, 2015 3:34:43 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself.

Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present.

@pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear.

This britam saga is just beginning!



Atleast Rawat has resigned. @ike...companies never buy back overvalued shares.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Angelica _ann
#44 Posted : Saturday, April 25, 2015 3:54:25 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Cyton story has not been resolved yet....
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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hisah
#45 Posted : Sunday, April 26, 2015 10:11:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
hisah wrote:
Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself.

Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present.

@pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear.

This britam saga is just beginning!



Atleast Rawat has resigned. @ike...companies never buy back overvalued shares.

Who resigned? The big fish Rawat or small fish Rawat?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#46 Posted : Sunday, April 26, 2015 11:34:25 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
hisah wrote:
murchr wrote:
hisah wrote:
Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself.

Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present.

@pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear.

This britam saga is just beginning!



Atleast Rawat has resigned. @ike...companies never buy back overvalued shares.

Who resigned? The big fish Rawat or small fish Rawat?

The nephew. Small-fish Rawat. Big-fish bado but he will have no choice.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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whiteowl
#47 Posted : Monday, April 27, 2015 12:07:58 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
ike wrote:
murchr wrote:
Boris Boyka wrote:
murchr wrote:
Pesa Nane wrote:
Tihihi Laughing out loudly Laughing out loudly Laughing out loudly
Quote:
The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million...




Hii ni mchezo.

So PAT grew a mere 7.86% smile Enyewe business in 2014 haikuwa ya m*** ya NSE firms.


Toa 342m kwanza


and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air

This restatement is a pace setter.Soon companies will be restating by 1 billion or more!
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enyands
#48 Posted : Monday, April 27, 2015 1:47:20 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
whiteowl wrote:
ike wrote:
murchr wrote:
Boris Boyka wrote:
murchr wrote:
Pesa Nane wrote:
Tihihi Laughing out loudly Laughing out loudly Laughing out loudly
Quote:
The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million...




Hii ni mchezo.

So PAT grew a mere 7.86% smile Enyewe business in 2014 haikuwa ya m*** ya NSE firms.


Toa 342m kwanza


and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air

This restatement is a pace setter.Soon companies will be restating by 1 billion or more!

The mauratian govt is going to take ownership of the the 24%
http://www.standardmedia...fugitive-holds-in-britam
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dunkang
#49 Posted : Monday, April 27, 2015 6:24:23 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
BRITAM is another HomeAfrika and/or Transcentury
Receive with simplicity everything that happens to you.” ― Rashi

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hisah
#50 Posted : Monday, April 27, 2015 6:51:53 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
enyands wrote:
whiteowl wrote:
ike wrote:
murchr wrote:
Boris Boyka wrote:
murchr wrote:
Pesa Nane wrote:
Tihihi Laughing out loudly Laughing out loudly Laughing out loudly
Quote:
The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million...




Hii ni mchezo.

So PAT grew a mere 7.86% smile Enyewe business in 2014 haikuwa ya m*** ya NSE firms.


Toa 342m kwanza


and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air

This restatement is a pace setter.Soon companies will be restating by 1 billion or more!

The mauratian govt is going to take ownership of the the 24%
http://www.standardmedia...ugitive-holds-in-britam

If that news bite is true britam's largest shareholder becomes the Mauritius govt without an EGM?? Also big fish (Dawood) resignation is still pending. The upcoming AGM will be tense. The ongoing drama is not something that the board can easily wish away. The restating of accounts is already highlighting the pressure cooker conditions.

But will cma really corner britam with direct relationships at the apex on both sides? Conflict of interest et al. How will a son take down daddy? Very murky situation, but makes for intense drama...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, April 27, 2015 6:54 AM | Reason: Not specified
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