Why is the market so low

Banks are pretty much in limbo coz of that interest rate cap; a number of companies reporting drop in profits so that raises question marks; scandals in KQ, Uchumi and Mumias; Media companies are in the mud NMG slow newspaper sales Standard not enough money from TV; Kengen and Kenya Power debt, govt ownership, election year, post rights issue, slow growth in KP; NSE not many people are trading low commissions; Oil sector riding high with the low prices hence high volumes; Safcom already correctly priced.

@dukang, bird what you have put here are very serious claims is it backed by facts or just by hear say & disoriented apprehension?? Because Britam hasnt managed to convince the court in 1 year about these "claims" Would you like to substantiate your claims ?? I'm sure the court would love to hear your views if they are indeed based on facts, in our innocent until proven guilty world!

do u know anyone they have conned to be called "conmen??? such inane statements should be left at the bar stools! Give us facts, not your twisted perceptions!

@Sober, have been to several of their events, and I have picked up that there extremely large projects coming soon, Ruaka alone is 2B, U haven't factored their 2nd Karen project situ which is on 29acres some of which will be built and then sold, others will be sold off as serviced plots.they had broken it down for us on one of these events, can't quite remember the specifics.

Could it be that Britam have lost some of their best brains (and ideas) & there is lack of innovation on products and so they go and do a law suit against their former employees in trepidation? If it was indeed that straight forward, why wasn't this case concluded quickly? Don't give me the jargon on cases in Kenya take long..coz thats baloney! Cytonn being David, has less material & political clout vs Britam (read Goliath). Cytonn poached and signed up Britam's biggest clients soon after setting up.

http://allafrica.com/stories/201411101120.html

Think about it, even Acorn preferred dealing with the younger, more dynamic Cytonn vs securing a deal with ye 'ol Britam, who owned a quarter of the company and 2 seats on the Acorn board! That should be worth something!

We should applaud these young folks who, if you ever dealt with them, are straight shooters and tell you as it is! Duka and bird, if you don't know the specifics or havent dealt with either (which is where I put my money) then you shouldn't comment for the heck of it, i really followed the case as I wanted to invest with these guys but wanted to know that my hard earned money is also safe. I am happy to note that, so far,I am quite chuffed with their services! In my 15 years of being a very unadventurous investor, I would highly recommend them!