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Briatm, Britam, Britam sounds like sweet candy!
Ericsson
#1141 Posted : Monday, June 12, 2017 1:08:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
alotoftalk wrote:
Betting that H1 2017 is a loss.

Stick with Jubilee and Kenya Re if you want peace of mind
Spikes
#1142 Posted : Monday, June 12, 2017 4:30:19 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,407
Location: Mombasa
Ericsson wrote:
alotoftalk wrote:
Betting that H1 2017 is a loss.

Stick with Jubilee and Kenya Re if you want peace of mind

Hii nyani itauliwa na finance cost.....Read the previous financial report keenly. Borrowing keeps broadening as Britam seeks PPT from IFC in form of creation of new shares!
Ignorance of the victim is big business for the villain.
MadDoc
#1143 Posted : Monday, June 12, 2017 4:56:32 AM
Rank: Member


Joined: 10/26/2015
Posts: 151
Realtreaty
#1144 Posted : Monday, June 12, 2017 6:44:42 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,956
Keep it going
EMMAR and DAMAC in Dubai are doing the same having constructions allover without a blink.
Let us have more development to Make Kenya a center for shoppers and Tourism
Soon we want to see individual Malls pick and drop shoppers from major hotels, companies etc
Some Kenyans are just peculiar and won't believe what happens in Dubai where hotels line up and all have occupancy rate of 65-95% annually thereby making money and employment
Shak
#1145 Posted : Wednesday, June 14, 2017 7:47:28 PM
Rank: Elder


Joined: 2/22/2009
Posts: 2,174
Location: Africa
Launched an exclusively phone based money market fund. Anyone signed up?
Surething
#1146 Posted : Wednesday, June 14, 2017 11:44:36 PM
Rank: New-farer


Joined: 7/12/2016
Posts: 39
Location: Nairobi
Old mutual has had a similar product called i-invest for a few years and with them its not only mmf but also balanced and equity fund &
the minimum investment is 10 bob, not 1k like Britam.

Though a product that has really impressed me with its innovativeness is CIC's Bima Credo, where buying airtime from them gets you a last expense cover that keeps increasing as you top up.

Shak wrote:
Launched an exclusively phone based money market fund. Anyone signed up?

Ericsson
#1147 Posted : Thursday, June 15, 2017 12:01:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
Shak wrote:
Launched an exclusively phone based money market fund. Anyone signed up?


At wazua instead of putting money in mmf we invest in the NSE and sharpen each other
obiero
#1148 Posted : Friday, January 05, 2018 8:07:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Ebenyo wrote:
obiero wrote:
Realtreaty wrote:
When courting a new girl you show all your good characteristics and at no point you want her to see you are too greedy or irresponsible. Munga and Wairegi are doing just that welcoming a new investor, doing a good induction so that she can start working towards a common goal. The good is to provide Cash by IFC to finish the Tower and Other online projects (Real Estate may be to come up at Kajiado and other places where they own land)
I am informed the fall in price today is short lived and will be compensated by a rise to probably 18 Kshs by end of 2017
After the bank caps everyone seem to have gone down back to basics and the way forward is being taunted as Diversification. The Banks have entered other businesses apart from Banking services.

My prayers are with you


pastor obiero!

Still praying for those trapped inside
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#1149 Posted : Friday, January 05, 2018 8:09:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Spikes wrote:
Ebenyo wrote:
alotoftalk wrote:
My initial thought was Munga flipping his "Rawat" shares to IFC. But if these are newly created shares being subscribed for (j.mp/2i4HTa0) then my guess is that they ran into capital adequacy issues after resetting their FY reserves based on gross premium valuation methodology (which they adopted in the current year) plus mark-to-market of their portfolio and impairment of some of KES 3.2 Bn in deposits held with financial institutions a proportion of which must be at either Chase or Imperial.

The dilution by IFC therefore became a necessary evil.

The subscription date of 30/12/2016, a day just before the FY books close (31/12/2016) is also an interesting tidbit.


They have played their game smart enough to hoodwink ignorant shareholders.
When somebody hears 'world bank',feels like Jesus coming to your house physically to dine with u.
This is massive dillution,and sooner or later there will be price correction.




When KQ's MJ was joining the board, the market in its rendition perceived him as contemporary Jesus Christ of Nazareth. As a matter of fact the rally following the announcement afforded the likes of @Obiero to double their income. Equally traders are most likely to make a killing after IFC expressed interest in Britam stake. ..

SMH
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#1150 Posted : Friday, January 05, 2018 8:15:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Realtreaty wrote:
obiero wrote:
hisah wrote:
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!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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 smile

We warned people right here..

Laughing out loudly Laughing out loudly
Britam not exceptional, its the whole market, even your bad KQ that you have amassed like glucose!!!Liar

Lolest.. In the last quarter, KQ has dropped the least of all large caps under commercial and services.. But this is a britam thread
Laughing out loudly Laughing out loudly Laughing out loudly Some people are jokers! Ati, KQ ni "Large Cap"... myStocks has KQ's valuation at 12.27bn. That's less than Equity's PBT for 6 months.

My bad. KQ is a large cap. In fact the LARGEST CAP in Negative Equity!

KQ now with positive equity and the 5th largest stock by market capitalization in East and Central Africa. KES 93B in market cap to be precise. Ukiona vyaelea.. Meanwhile @Realtreaty be strong though this one appears to be headed sub KES 10, hii pesa tutaiwacha yote hapa duniani
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#1151 Posted : Saturday, January 06, 2018 4:31:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Realtreaty wrote:
obiero wrote:
hisah wrote:
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!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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 smile

We warned people right here..

Laughing out loudly Laughing out loudly
Britam not exceptional, its the whole market, even your bad KQ that you have amassed like glucose!!!Liar

Lolest.. In the last quarter, KQ has dropped the least of all large caps under commercial and services.. But this is a britam thread
Laughing out loudly Laughing out loudly Laughing out loudly Some people are jokers! Ati, KQ ni "Large Cap"... myStocks has KQ's valuation at 12.27bn. That's less than Equity's PBT for 6 months.

My bad. KQ is a large cap. In fact the LARGEST CAP in Negative Equity!

KQ now with positive equity and the 5th largest stock by market capitalization in East and Central Africa. KES 93B in market cap to be precise. Ukiona vyaelea.. Meanwhile @Realtreaty be strong though this one appears to be headed sub KES 10, hii pesa tutaiwacha yote hapa duniani


Even a kiosk which is given HUGE loans which are then converted to equity will have a huge "positive" equtiy.
What was the total quantum of loans [GoK and KQLenders) converted to equity?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1152 Posted : Saturday, January 06, 2018 7:29:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
Shiiit kq tena on a discussion about britam
VituVingiSana
#1153 Posted : Saturday, January 06, 2018 7:53:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
Ericsson wrote:
Shiiit kq tena on a discussion about britam

BTW, slowly it seems Britam is joining the regular "restatement" crowd...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#1154 Posted : Saturday, January 06, 2018 9:40:36 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
Shiiit kq tena on a discussion about britam

BTW, slowly it seems Britam is joining the regular "restatement" crowd...

It's unfortunate
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#1155 Posted : Sunday, January 07, 2018 12:00:43 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Shiiit kq tena on a discussion about britam

BTW, slowly it seems Britam is joining the regular "restatement" crowd...

It's unfortunate

Then there's IFRS 9 and 17 coming up. Will Britam be a beneficiary or victim?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1156 Posted : Sunday, January 07, 2018 11:43:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
Shiiit kq tena on a discussion about britam

BTW, slowly it seems Britam is joining the regular "restatement" crowd...

It's unfortunate

Then there's IFRS 9 and 17 coming up. Will Britam be a beneficiary or victim?

They will do a restatement for it
Realtreaty
#1157 Posted : Friday, January 19, 2018 6:51:39 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,956
Applause Passed by Britam Tower and can tell they will open it this year.
Are they paying the debt for late opening.
How much space is sold now that we have so many building in Nairobi
Will the Arab Majid Alfuttaim open a Carrefour Supermarket here?

What has made the stock to stagnate after capping though others like KCB, Equity improved.
The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging
Spikes
#1158 Posted : Friday, January 19, 2018 8:01:52 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,407
Location: Mombasa
Realtreaty wrote:
Applause Passed by Britam Tower and can tell they will open it this year.
Are they paying the debt for late opening.
How much space is sold now that we have so many building in Nairobi
Will the Arab Majid Alfuttaim open a Carrefour Supermarket here?

What has made the stock to stagnate after capping though others like KCB, Equity improved.
The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging

Britam will drop to 5/-tununue!
Ignorance of the victim is big business for the villain.
obiero
#1159 Posted : Friday, January 19, 2018 8:12:43 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Spikes wrote:
Realtreaty wrote:
Applause Passed by Britam Tower and can tell they will open it this year.
Are they paying the debt for late opening.
How much space is sold now that we have so many building in Nairobi
Will the Arab Majid Alfuttaim open a Carrefour Supermarket here?

What has made the stock to stagnate after capping though others like KCB, Equity improved.
The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging

Britam will drop to 5/-tununue!

A penny stock speculator
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Ericsson
#1160 Posted : Saturday, January 20, 2018 7:20:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
Realtreaty wrote:
Applause Passed by Britam Tower and can tell they will open it this year.
Are they paying the debt for late opening.
How much space is sold now that we have so many building in Nairobi
Will the Arab Majid Alfuttaim open a Carrefour Supermarket here?

What has made the stock to stagnate after capping though others like KCB, Equity improved.
The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging


Late opening is due to financial constraints
The debt that they have has to be paid as construction is going on.
How much space is sold is either zero or minimal.
Real towers owned by britam is 20 storey and one floor is occupied.
Carrefour is not opening a branch there.
The stock has stagnated because of poor financial performance and plus the profit warning they issued.
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