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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
hisah
#41 Posted : Thursday, April 21, 2016 11:12:29 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.

Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.

@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#42 Posted : Thursday, April 21, 2016 11:29:59 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.

Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.

@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials.

are you bearish on the whole market or on financials?
"Don't let the fear of losing be greater than the excitement of winning."
Spikes
#43 Posted : Thursday, April 21, 2016 12:16:10 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
hisah wrote:
I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.

Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.

@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials.


I have archived this thread for future reference.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
hisah
#44 Posted : Thursday, April 21, 2016 12:20:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
hisah wrote:
I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.

Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.

@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials.

are you bearish on the whole market or on financials?

Financials. But if financials are sick the market also doesn't perform well thus why I've been suggesting one has to be very picky.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Realtreaty
#45 Posted : Friday, April 22, 2016 10:03:05 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
lochaes wrote:
Britam holdings results are out but no discussion???

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
I wasn't surprised, drove the Mbus and got my dividend as anticipated. Wish I had more funds to buy more t this final lower price. Wasn't I right. Loss Kitu gani sentence. Now wait for the rise after buying out Mauritian Govt
Spikes
#46 Posted : Friday, April 22, 2016 10:10:19 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Realtreaty wrote:
lochaes wrote:
Britam holdings results are out but no discussion???

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
I wasn't surprised, drove the Mbus and got my dividend as anticipated. Wish I had more funds to buy more t this final lower price. Wasn't I right. Loss Kitu gani sentence. Now wait for the rise after buying out Mauritian Govt


Ukiona umepata faida kidogo sell. This market is sometimes irrational.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
rutechura
#47 Posted : Friday, April 22, 2016 10:33:59 AM
Rank: Hello

Joined: 1/7/2016
Posts: 8
Spikes wrote:
Realtreaty wrote:
lochaes wrote:
Britam holdings results are out but no discussion???

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
I wasn't surprised, drove the Mbus and got my dividend as anticipated. Wish I had more funds to buy more t this final lower price. Wasn't I right. Loss Kitu gani sentence. Now wait for the rise after buying out Mauritian Govt


Ukiona umepata faida kidogo sell. This market is sometimes irrational.



The loss was reflected in the share price when Britam announced the profit warning last year. Now that the investors have seen the financials and the news that the Rawat stake is being bought, they have stopped selling. Looking at the core business, the company is growing. The coming bull market will have the net profit in this stock at high levels saana..
Spikes
#48 Posted : Friday, April 22, 2016 10:44:13 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
rutechura wrote:
Spikes wrote:
Realtreaty wrote:
lochaes wrote:
Britam holdings results are out but no discussion???

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
I wasn't surprised, drove the Mbus and got my dividend as anticipated. Wish I had more funds to buy more t this final lower price. Wasn't I right. Loss Kitu gani sentence. Now wait for the rise after buying out Mauritian Govt


Ukiona umepata faida kidogo sell. This market is sometimes irrational.



The loss was reflected in the share price when Britam announced the profit warning last year. Now that the investors have seen the financials and the news that the Rawat stake is being bought, they have stopped selling. Looking at the core business, the company is growing. The coming bull market will have the net profit in this stock at high levels saana..



When is the next bull?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Spikes
#49 Posted : Friday, April 22, 2016 11:12:34 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
hisah wrote:
I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.

Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.

@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials.



I am now seconding the above idea!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
watesh
#50 Posted : Friday, April 22, 2016 11:36:26 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Bought at 11.9 and am ready to sell at 13.5, just this settlement period is killing me
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