Wazua
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Britam Half Year 2017 Pre-Tax Profit Drops By 55.4%
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Procredit AG - Same folks who are partnered with Equity in DRC Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Procredit AG - Same folks who are partnered with Equity in DRC This is an insider and key pointman for a company that is preparing to acquire a significant stake in Britam which Peter Munga is to sell. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Hello Joined: 4/20/2016 Posts: 4 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Procredit AG - Same folks who are partnered with Equity in DRC This is an insider and key pointman for a company that is preparing to acquire a significant stake in Britam which Peter Munga is to sell. She is a board member representing IFC
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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The company will receive sh.5.72bn in cash for the proposed investment. I think this company has liquidity/cashflow issues https://www.britam.com/d...8-47b6-81fa-80a627fbe9d5Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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So this is in ADDITION to the IFC investment. What do these guys see that many of us do not? Or they have money to burn? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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[quote=Ericsson]The company will receive sh.5.72bn in cash for the proposed investment. I think this company has liquidity/cashflow issues https://www.britam.com/d...-47b6-81fa-80a627fbe9d5[/quote] 15,85 is a premium to market price. If it indeed was a cash crunch, wouldn’t the shares be bought at less than market price.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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13.56mn shares today;a big shareholder doing some adjustments Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Horton wrote:[quote=Ericsson]The company will receive sh.5.72bn in cash for the proposed investment. I think this company has liquidity/cashflow issues https://www.britam.com/d...-47b6-81fa-80a627fbe9d5[/quote] 15,85 is a premium to market price. If it indeed was a cash crunch, wouldn’t the shares be bought at less than market price. Ask yourself why they created new shares and the money. Where did the sh.3.5bn IFC money go/how was it spent. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:Horton wrote:[quote=Ericsson]The company will receive sh.5.72bn in cash for the proposed investment. I think this company has liquidity/cashflow issues https://www.britam.com/d...-47b6-81fa-80a627fbe9d5[/quote] 15,85 is a premium to market price. If it indeed was a cash crunch, wouldn’t the shares be bought at less than market price. Ask yourself why they created new shares and the money. Where did the sh.3.5bn IFC money go/how was it spent. And why not IFC to do addational funding. 5.5bn is loose change in this. They have been inside and kif not seeing any more value then probably too they see no value to entice them into increasing their stake here ,Behold, a sower went forth to sow;....
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Britam Half Year 2017 Pre-Tax Profit Drops By 55.4%
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