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Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 8/16/2011 Posts: 2,260
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mikegachunji wrote: haha okay...what do you think of the current sub 12 price??  You see negtive while others see positive. The current price is good for people like Munga and the like who might have bought Rawat off at 16Kes. Now Mung can add at the current price on buy back trends before the share rise readying for new investor who may enter at 18-24 Kes. Vita vya Paanzi furaha ya Kunguru!!! 
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Realtreaty wrote:mikegachunji wrote: haha okay...what do you think of the current sub 12 price?? You see negtive while others see positive. The current price is good for people like Munga and the like who might have bought Rawat off at 16Kes. Now Mung can add at the current price on buy back trends before the share rise readying for new investor who may enter at 18-24 Kes. Vita vya Paanzi furaha ya Kunguru!!! @mikegachunji be advised @Realtreaty will lead you straight to the butchers with Britam if you join him. He has what is referred to as golden handcuffs on this share if you read through this thread you will understand search for @hisah comments KEGN, KPLC, KQ, SCOM
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Rank: Member Joined: 11/19/2009 Posts: 3,142
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mkate_nusu wrote:Realtreaty wrote:mikegachunji wrote: haha okay...what do you think of the current sub 12 price?? You see negtive while others see positive. The current price is good for people like Munga and the like who might have bought Rawat off at 16Kes. Now Mung can add at the current price on buy back trends before the share rise readying for new investor who may enter at 18-24 Kes. Vita vya Paanzi furaha ya Kunguru!!! @mikegachunji be advised @Realtreaty will lead you straight to the butchers with Britam if you join him. He has what is referred to as golden handcuffs on this share if you read through this thread you will understand search for @hisah comments @mkate_nusu... i have seen..caution has been taken
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Realtreaty wrote:mikegachunji wrote: haha okay...what do you think of the current sub 12 price?? You see negative while others see positive. The current price is good for people like Munga and the like who might have bought Rawat off at 16 Kes. Now Munga can add at the current price on buy back trends before the share rise readying for new investor who may enter at 18-24 Kes. Vita vya Paanzi furaha ya Kunguru!!! Do not scare anyone, the effect of Rawat/Mauritian is out
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Increase due to change from NPV to GPV. Less conservative. The "good" results have no effect on cashflows. Apples to apples their profitability is down significantly given the impact of this change was circa ~KES 2 Billion. Investment philosophy development in progress...
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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Change in accounting triples Britam profit to Sh1.8bn http://www.businessdaily...7830-wlp5g2z/index.html
"Britam said it adopted a new accounting practice that marked down the claims besides recognising Sh331 million to settle a portion of its operating expenses linked to payment of outstanding policyholders’ benefits." >>> Is this a one-time gain? "...indicating that the previous system led to higher reserving by overestimating insurance liabilities." >>> So less conservative? "...Britam sold some shares" >>> One-time gain. Add the drop in HF (& Equity) value since 1 July... 2H may not be as rosy Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VituVingiSana wrote:Change in accounting triples Britam profit to Sh1.8bn http://www.businessdaily...7830-wlp5g2z/index.html
"Britam said it adopted a new accounting practice that marked down the claims besides recognising Sh331 million to settle a portion of its operating expenses linked to payment of outstanding policyholders’ benefits." >>> Is this a one-time gain? "...indicating that the previous system led to higher reserving by overestimating insurance liabilities." >>> So less conservative? "...Britam sold some shares" >>> One-time gain. Add the drop in HF (& Equity) value since 1 July... 2H may not be as rosy The best houdini act firm since 2014. Just when I think the show is over the pull out another hat trick. Very entertaining circus.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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hisah wrote:VituVingiSana wrote:Change in accounting triples Britam profit to Sh1.8bn http://www.businessdaily...7830-wlp5g2z/index.html
"Britam said it adopted a new accounting practice that marked down the claims besides recognising Sh331 million to settle a portion of its operating expenses linked to payment of outstanding policyholders’ benefits." >>> Is this a one-time gain? "...indicating that the previous system led to higher reserving by overestimating insurance liabilities." >>> So less conservative? "...Britam sold some shares" >>> One-time gain. Add the drop in HF (& Equity) value since 1 July... 2H may not be as rosy The best houdini act firm since 2014. Just when I think the show is over the pull out another hat trick. Very entertaining circus. @Hisah, they adopted an agreeable method not from the bushes. So are they wrong and you right? They have just said they inflated insurance liabilities earlier. Means a large amount of the money was never paid out and remained in the reserves. Now things are positive. The only bad is slaughtering the banks. Remember when women hide their secret units,No cry!!!(No children)
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Realtreaty wrote:hisah wrote:VituVingiSana wrote:Change in accounting triples Britam profit to Sh1.8bn http://www.businessdaily...7830-wlp5g2z/index.html
"Britam said it adopted a new accounting practice that marked down the claims besides recognising Sh331 million to settle a portion of its operating expenses linked to payment of outstanding policyholders’ benefits." >>> Is this a one-time gain? "...indicating that the previous system led to higher reserving by overestimating insurance liabilities." >>> So less conservative? "...Britam sold some shares" >>> One-time gain. Add the drop in HF (& Equity) value since 1 July... 2H may not be as rosy The best houdini act firm since 2014. Just when I think the show is over the pull out another hat trick. Very entertaining circus. @Hisah, they adopted an agreeable method not from the bushes. So are they wrong and you right? They have just said they inflated insurance liabilities earlier. Means a large amount of the money was never paid out and remained in the reserves. Now things are positive. The only bad is slaughtering the banks. Remember when women hide their secret units,No cry!!!(No children) They did the right thing as required by the regulator. Even though it's a less conservative metric. What they failed to do and which will 'show the emperor is walking naked' at FY2016 is restating the Q215 from NPV to GPV basis [IAS 8.19 to IAS 8.25] so that we have apples to apples rather than apples to oranges as reported. Investment philosophy development in progress...
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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A new year low, single digit is threateningly on the way in a few hours. @Realtreaty @Researchfirst sit tight and watch the show unravel. Britam is on a free fall just like banks-HFCK and Equity. This stock is sailing south in murky waters of the bear run without PPT. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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Spikes wrote:A new year low, single digit is threateningly on the way in a few hours. @Realtreaty @Researchfirst sit tight and watch the show unravel. Britam is on a free fall just like banks-HFCK and Equity. This stock is sailing south in murky waters of the bear run without PPT.   Used to the pain, but soon this will be a good plot by 2016 FY. When blood flows for so long one becomes acquainted! The war that befell Britam came bombing on Banks but do not be happy, when wife is not happy the house is cold!! Banks coldness will be spread to other stocks
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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The Group incorporated Britam Properties, last year as part of its diversification strategy meant to reduce portfolio risk and exposure in the equities market. The new Company is currently undertaking a number of projects which are in various stages of approval and is aggressively making forays in untapped areas of the lucrative property sector. The Flagship project is the iconic 31 - storey tower in Upper Hill, Nairobi, which will be completed in the 4th quarter of 2016. Now we are in that 4th quarter ready to see the signal building opened and proceeds start filling our pockets 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Currently testing the 10.00 handle (the year low) on vol spike today. Break below targets 6.00 - 8.00 zone. My target still remains 6.00! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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hisah wrote:Currently testing the 10.00 handle (the year low) on vol spike today. Break below targets 6.00 - 8.00 zone.
My target still remains 6.00! Makes sense. Too risky at 10/-. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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hisah wrote:Currently testing the 10.00 handle (the year low) on vol spike today. Break below targets 6.00 - 8.00 zone.
My target still remains 6.00! I tell you that when it will be 15 you will go to the bank to withdraw money for this stock. Very soon.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Realtreaty wrote:hisah wrote:Currently testing the 10.00 handle (the year low) on vol spike today. Break below targets 6.00 - 8.00 zone.
My target still remains 6.00! I tell you that when it will be 15 you will go to the bank to withdraw money for this stock. Very soon. I've seen this counter meltdown from 40 handle to the current levels against all odds $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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We warned people right here..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 8/16/2011 Posts: 2,260
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obiero wrote:We warned people right here.. Britam not exceptional, its the whole market, even your bad KQ that you have amassed like glucose!!! 
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Realtreaty wrote:obiero wrote:We warned people right here.. Britam not exceptional, its the whole market, even your bad KQ that you have amassed like glucose!!! Lolest.. In the last quarter, KQ has dropped the least of all large caps under commercial and services.. But this is a britam thread
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Briatm, Britam, Britam sounds like sweet candy!
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