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Britam Half Year 2017 Pre-Tax Profit Drops By 55.4%
Rank: Member Joined: 6/15/2013 Posts: 301
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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. More dilution of an already overpriced share. Maybe investors are paying a premium into future forecasts of growth of the company.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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mulla wrote: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. Did they create new shares? It doesn't mention so unless I am mistaken. Secondly Munga has those shares from Mauritius, could it possibly be those shares that are being bought? Too much speculation abounds. @Mulla unasumbua saa zingine Kwani haujasoma the document where it says by way of subscription for newly issued ordinary shares Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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VituVingiSana wrote: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? Maybe bulking up equity for an EAC or Africa-wide acquisition and consolidation spree? Investment philosophy development in progress...
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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alotoftalk wrote:VituVingiSana wrote: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? Maybe bulking up equity for an EAC or Africa-wide acquisition and consolidation spree? Outside of kenya...will just be an exercise in burning good cash
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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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Britam Half Year 2017 Pre-Tax Profit Drops By 55.4%
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