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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Spikes wrote:mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! Time to scamper for safety is now at least I can see pockets of PPT. Where are the chartists with their cartoons? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Waiting for the share price to react. 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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Sober wrote:Waiting for the share price to react. Which direction are you waiting share reaction? North or South? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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From +6Bn to -3.2Bn. When will they post the restated results? "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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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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Impunity wrote:Spikes wrote:mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! Time to scamper for safety is now at least I can see pockets of PPT. Where are the chartists with their cartoons? I love charts..... especially the ability to warn us b4 news are released. charts helps to forecast and give a detailed description of how markets might behave. in this regard,btak had given its signals that the downtrend was not over as early as on 6th april 2016 even before hitting the high of 14.4 or even b4 news were released today(19th april 2016). I love charts..... It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Spikes wrote:Sober wrote:Waiting for the share price to react. Which direction are you waiting share reaction? North or South? Last trade before market close...1 million shares at 11.70 possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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maka wrote:Spikes wrote:Sober wrote:Waiting for the share price to react. Which direction are you waiting share reaction? North or South? Last trade before market close...1 million shares at 11.70 for a careful investor,the growth in business is ok,given the environment and comparing with the rest "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:maka wrote:Spikes wrote:Sober wrote:Waiting for the share price to react. Which direction are you waiting share reaction? North or South? Last trade before market close...1 million shares at 11.70 for a careful investor,the growth in business is ok,given the environment and comparing with the rest Probably a fearful trader offloading to a greedy investor. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:mlennyma wrote:maka wrote:Spikes wrote:Sober wrote:Waiting for the share price to react. Which direction are you waiting share reaction? North or South? Last trade before market close...1 million shares at 11.70 for a careful investor,the growth in business is ok,given the environment and comparing with the rest Probably a fearful trader offloading to a greedy investor. @Mlennyma are you in this vehicle? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Spikes wrote:Spikes wrote:mlennyma wrote:maka wrote:Spikes wrote:Sober wrote:Waiting for the share price to react. Which direction are you waiting share reaction? North or South? Last trade before market close...1 million shares at 11.70 for a careful investor,the growth in business is ok,given the environment and comparing with the rest Probably a fearful trader offloading to a greedy investor. @Mlennyma are you in this vehicle? i bought afew when it dropped to 10.90 after the recent rally but iam gathering the dowry to tie the knot with it in coming days "Don't let the fear of losing be greater than the excitement of winning."
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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
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