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Britam FY 2018
Ericsson
#1 Posted : Friday, March 29, 2019 9:42:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
rwitre
#2 Posted : Friday, March 29, 2019 9:46:24 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??
littledove
#3 Posted : Friday, March 29, 2019 9:49:49 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??

and savings from early bond payment
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#4 Posted : Friday, March 29, 2019 9:53:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
xxxxx
#5 Posted : Friday, March 29, 2019 10:03:17 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9


Chisas, it's like they are invested in KQ ARM and NBV (K-Shoe)Laughing out loudly Laughing out loudly
Ericsson
#6 Posted : Friday, March 29, 2019 10:09:53 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
xxxxx wrote:
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9


Chisas, it's like they are invested in KQ ARM and NBV (K-Shoe)Laughing out loudly Laughing out loudly


Return on assets is quite low coupled with high expenses
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#7 Posted : Friday, March 29, 2019 10:37:03 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
xxxxx wrote:
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9


Chisas, it's like they are invested in KQ ARM and NBV (K-Shoe)Laughing out loudly Laughing out loudly


Return on assets is quite low coupled with high expenses


I thought property sector is on fire, you can never go wrong Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
littledove
#8 Posted : Friday, March 29, 2019 10:44:03 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Angelica _ann wrote:
Ericsson wrote:
xxxxx wrote:
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9


Chisas, it's like they are invested in KQ ARM and NBV (K-Shoe)Laughing out loudly Laughing out loudly


Return on assets is quite low coupled with high expenses


I thought property sector is on fire, you can never go wrong Laughing out loudly Laughing out loudly Laughing out loudly

things are thick for britam, heavily invested in strungling property market and at the same time housing finance
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
xxxxx
#9 Posted : Friday, March 29, 2019 10:57:33 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
littledove wrote:
Angelica _ann wrote:
Ericsson wrote:
xxxxx wrote:
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9


Chisas, it's like they are invested in KQ ARM and NBV (K-Shoe)Laughing out loudly Laughing out loudly


Return on assets is quite low coupled with high expenses


I thought property sector is on fire, you can never go wrong Laughing out loudly Laughing out loudly Laughing out loudly

things are thick for britam, heavily invested in strungling property market and at the same time housing finance


So do we buy Britam or Housing Finance right now??
Ericsson
#10 Posted : Friday, March 29, 2019 10:58:09 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
xxxxx wrote:
littledove wrote:
Angelica _ann wrote:
Ericsson wrote:
xxxxx wrote:
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend



WTH Pray Pray d'oh!

What happended to being cash rich??


Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9


Chisas, it's like they are invested in KQ ARM and NBV (K-Shoe)Laughing out loudly Laughing out loudly


Return on assets is quite low coupled with high expenses


I thought property sector is on fire, you can never go wrong Laughing out loudly Laughing out loudly Laughing out loudly

things are thick for britam, heavily invested in strungling property market and at the same time housing finance


So do we buy Britam or Housing Finance right now??

Sell all
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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