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Britam FY 2018
jmbada
#21 Posted : Wednesday, April 03, 2019 2:51:39 PM
Rank: Member


Joined: 1/1/2011
Posts: 366
Ericsson wrote:
Kenya’s largest insurance company, Britam is in discussions to own part of Tiserin Capital, a Private Equity company focused on African investments. The insurer aims to spread out its investments beyond real estate, stocks, and government securities.

Although the exact details on the transaction are not clear, Britam’s board has approved the acquisition and it is set to be the largest investor in the PE firm as per the Business Daily.

Tiserin Capital invests in healthcare, technology companies, agri-business, and the food industry.

Britam’s CEO Mr. Benson Wairegi said, “We are excited about this new partnership with Tiserin Capital that introduces us directly into the private equity space, an area with considerable potential in the region.”

Tiserin Capital Chief Executive Officer shared his delight on the partnership saying, “We are impressed by Britam’s regional expansion, its push for innovation and the stamp of approval provided by leading investors such as IFC, Swiss-Re and AfricInvest.”

Private Equity companies are largely responsible for the exponential growth in sectors such as financial services, healthcare, education, and manufacturing in most African nations. Local and international investors are moving their funds to private equity with the hope of generating higher returns than in traditional investments such as bonds, stocks, and property.

In the last financial year, Britam made a huge net loss of KSh2.2 billion. The loss was largely attributed to a decline in the value of investments in the stock market. Britam’s partial acquisition of Tiserin will provide the insurer indirect ownership in the companies the PE firm invests in.

Shareholders hapa wanachezwa

Tiserin capital's strategy

https://www.tiserincapital.com/strategy
Ericsson
#22 Posted : Thursday, April 04, 2019 4:32:55 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
jmbada wrote:
Ericsson wrote:
Kenya’s largest insurance company, Britam is in discussions to own part of Tiserin Capital, a Private Equity company focused on African investments. The insurer aims to spread out its investments beyond real estate, stocks, and government securities.

Although the exact details on the transaction are not clear, Britam’s board has approved the acquisition and it is set to be the largest investor in the PE firm as per the Business Daily.

Tiserin Capital invests in healthcare, technology companies, agri-business, and the food industry.

Britam’s CEO Mr. Benson Wairegi said, “We are excited about this new partnership with Tiserin Capital that introduces us directly into the private equity space, an area with considerable potential in the region.”

Tiserin Capital Chief Executive Officer shared his delight on the partnership saying, “We are impressed by Britam’s regional expansion, its push for innovation and the stamp of approval provided by leading investors such as IFC, Swiss-Re and AfricInvest.”

Private Equity companies are largely responsible for the exponential growth in sectors such as financial services, healthcare, education, and manufacturing in most African nations. Local and international investors are moving their funds to private equity with the hope of generating higher returns than in traditional investments such as bonds, stocks, and property.

In the last financial year, Britam made a huge net loss of KSh2.2 billion. The loss was largely attributed to a decline in the value of investments in the stock market. Britam’s partial acquisition of Tiserin will provide the insurer indirect ownership in the companies the PE firm invests in.

Shareholders hapa wanachezwa

Tiserin capital's strategy

https://www.tiserincapital.com/strategy

Very useless investment
jmbada
#23 Posted : Thursday, April 04, 2019 6:55:38 AM
Rank: Member


Joined: 1/1/2011
Posts: 366
Ericsson wrote:
jmbada wrote:
Ericsson wrote:
Kenya’s largest insurance company, Britam is in discussions to own part of Tiserin Capital, a Private Equity company focused on African investments. The insurer aims to spread out its investments beyond real estate, stocks, and government securities.

Although the exact details on the transaction are not clear, Britam’s board has approved the acquisition and it is set to be the largest investor in the PE firm as per the Business Daily.

Tiserin Capital invests in healthcare, technology companies, agri-business, and the food industry.

Britam’s CEO Mr. Benson Wairegi said, “We are excited about this new partnership with Tiserin Capital that introduces us directly into the private equity space, an area with considerable potential in the region.”

Tiserin Capital Chief Executive Officer shared his delight on the partnership saying, “We are impressed by Britam’s regional expansion, its push for innovation and the stamp of approval provided by leading investors such as IFC, Swiss-Re and AfricInvest.”

Private Equity companies are largely responsible for the exponential growth in sectors such as financial services, healthcare, education, and manufacturing in most African nations. Local and international investors are moving their funds to private equity with the hope of generating higher returns than in traditional investments such as bonds, stocks, and property.

In the last financial year, Britam made a huge net loss of KSh2.2 billion. The loss was largely attributed to a decline in the value of investments in the stock market. Britam’s partial acquisition of Tiserin will provide the insurer indirect ownership in the companies the PE firm invests in.

Shareholders hapa wanachezwa

Tiserin capital's strategy

https://www.tiserincapital.com/strategy

Very useless investment

Please share your thoughts freely on why you think this is a useless investment. I am generally sceptical of companies that launch new strategies once they start making losses.
For me, in the case of private equity, any investment they make has a minimum 3-year payback period. Which means it is no panacea for investors' needs for div. payout / growth in Britam shares over the next couple of years.
However, I don't know if this is Britam's only strategy for recovery / growth of their core business.
Will reserve conclusions until publishing of annual reports ahead of AGM.
Ericsson
#24 Posted : Thursday, April 18, 2019 10:12:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
Jimnah Mbaru sells 50 million Britam shares to Swiss Re
Dyer & Blair chairman Jimnah Mbaru has sold 50 million shares in Britam to Switzerland’s major reinsurance company Swiss Re through a private transaction. Although the parties did not disclose the value of the transaction, the shares have a market value of KSh425 million going by Britam’s closing price at the NSE on 17th April 2019.

Swiss Re now owns 15.79 percent of Britam, making it the firm’s third-largest investor after Equity Holdings and PE firm AfricInvest.

https://kenyanwallstreet...itam-shares-to-swiss-re/
rwitre
#25 Posted : Thursday, April 18, 2019 10:24:47 AM
Rank: Member


Joined: 3/8/2018
Posts: 327
Location: Nairobi
Ericsson wrote:

Jimnah Mbaru sells 50 million Britam shares to Swiss Re
Dyer & Blair chairman Jimnah Mbaru has sold 50 million shares in Britam to Switzerland’s major reinsurance company Swiss Re through a private transaction. Although the parties did not disclose the value of the transaction, the shares have a market value of KSh425 million going by Britam’s closing price at the NSE on 17th April 2019.

Swiss Re now owns 15.79 percent of Britam, making it the firm’s third-largest investor after Equity Holdings and PE firm AfricInvest.

https://kenyanwallstreet...tam-shares-to-swiss-re/


Interesting development. Swiss Re and the other deep pocket from South Africa really buying huge chunks of Britam.

Follow the money.
Ericsson
#26 Posted : Friday, April 26, 2019 9:58:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
rwitre wrote:
Ericsson wrote:

Jimnah Mbaru sells 50 million Britam shares to Swiss Re
Dyer & Blair chairman Jimnah Mbaru has sold 50 million shares in Britam to Switzerland’s major reinsurance company Swiss Re through a private transaction. Although the parties did not disclose the value of the transaction, the shares have a market value of KSh425 million going by Britam’s closing price at the NSE on 17th April 2019.

Swiss Re now owns 15.79 percent of Britam, making it the firm’s third-largest investor after Equity Holdings and PE firm AfricInvest.

https://kenyanwallstreet...tam-shares-to-swiss-re/


Interesting development. Swiss Re and the other deep pocket from South Africa really buying huge chunks of Britam.

Follow the money.


https://www.businessdail...87598-fsj57i/index.html

Private equity firm AfricInvest has lost more than Sh2.6 billion in paper wealth due to a fall in the share price of Nairobi Securities Exchange
This comes just less than a year after the equity firm bought into the insurer for Sh5.7 billion -- amounting to a 14.3 percent stake on May 18, 2018. The market value of the equity holding has since shrunk to Sh3.07 billion, a decline of Sh2.64 billion in about 11 months.

And in what may be even more dire for investors in Britam, the insurers board of directors have not proposed a dividend pay for this year — the first time in more than five years.

Analysts at Nairobi-based Dyer and Blair Investment Bank recommended that the company should freeze dividend pay for the next three years to allow it recover from the 2018 financial loss.

“Assuming that Britam performs at the financial year 2017 level moving forward, we think that the group will need about three years without a dividend payout to recover,” said Dyer & Blair analysts.

“We think that divestments from struggling entities like HF could cut that timeline (to fewer than three years),” they further said.

Swiss Re and private equity AfricInvest now want to kick out the current management led by Benson Wairegi
Pesa Nane
#27 Posted : Sunday, May 19, 2019 10:44:19 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#28 Posted : Sunday, May 19, 2019 11:32:04 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Ebenyo
#29 Posted : Monday, May 20, 2019 9:08:46 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,663
Location: Kitale
Pesa Nane wrote:




On Friday,BRITAM registered a high volume of 5,606,500 shares.This was not normal.Could this be the reaction?
Towards the goal of financial freedom
rwitre
#30 Posted : Monday, May 20, 2019 9:17:44 AM
Rank: Member


Joined: 3/8/2018
Posts: 327
Location: Nairobi
Ebenyo wrote:
Pesa Nane wrote:




On Friday,BRITAM registered a high volume of 5,606,500 shares.This was not normal.Could this be the reaction?


Heavy buyers averaging down. By the way each time the stock approaches 8.5 someone mops up the supply.
When the bull run comes, this will be the counter to watch.
Ericsson
#31 Posted : Monday, May 20, 2019 9:38:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
rwitre wrote:
Ebenyo wrote:
Pesa Nane wrote:




On Friday,BRITAM registered a high volume of 5,606,500 shares.This was not normal.Could this be the reaction?


Heavy buyers averaging down. By the way each time the stock approaches 8.5 someone mops up the supply.
When the bull run comes, this will be the counter to watch.


Financial performance has been on a decline for now three years.
It might be the private equity investors increasing their stake
Ericsson
#32 Posted : Friday, July 05, 2019 9:27:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
https://pbs.twimg.com/me...sL-VgXYAApGn-.jpg:large

Was the day’s biggest mover with 14,358,700 shares valued at 119m shares changing hands in the 7.60 - 8.30 range.Britam is -17.20%
rwitre
#33 Posted : Friday, July 05, 2019 10:19:25 AM
Rank: Member


Joined: 3/8/2018
Posts: 327
Location: Nairobi
Ericsson wrote:
https://pbs.twimg.com/media/D-sL-VgXYAApGn-.jpg:large

Was the day’s biggest mover with 14,358,700 shares valued at 119m shares changing hands in the 7.60 - 8.30 range.Britam is -17.20%


When the bull run comes to the NSE, this will be one of the highest gainers.
Meanwhile the deep pockets that are in the red continue to average down and get larger stakes.
Ericsson
#34 Posted : Friday, July 05, 2019 11:03:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
rwitre wrote:
Ericsson wrote:
https://pbs.twimg.com/media/D-sL-VgXYAApGn-.jpg:large

Was the day’s biggest mover with 14,358,700 shares valued at 119m shares changing hands in the 7.60 - 8.30 range.Britam is -17.20%


When the bull run comes to the NSE, this will be one of the highest gainers.
Meanwhile the deep pockets that are in the red continue to average down and get larger stakes.

This one is following its peer HFCK
muandiwambeu
#35 Posted : Monday, July 08, 2019 8:10:31 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,128
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
https://pbs.twimg.com/media/D-sL-VgXYAApGn-.jpg:large

Was the day’s biggest mover with 14,358,700 shares valued at 119m shares changing hands in the 7.60 - 8.30 range.Britam is -17.20%


When the bull run comes to the NSE, this will be one of the highest gainers.
Meanwhile the deep pockets that are in the red continue to average down and get larger stakes.

This one is following its peer HFCK

I concur.
,Behold, a sower went forth to sow;....
Ericsson
#36 Posted : Monday, July 08, 2019 10:51:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,882
Location: NAIROBI
muandiwambeu wrote:
Ericsson wrote:
rwitre wrote:
Ericsson wrote:
https://pbs.twimg.com/media/D-sL-VgXYAApGn-.jpg:large

Was the day’s biggest mover with 14,358,700 shares valued at 119m shares changing hands in the 7.60 - 8.30 range.Britam is -17.20%


When the bull run comes to the NSE, this will be one of the highest gainers.
Meanwhile the deep pockets that are in the red continue to average down and get larger stakes.

This one is following its peer HFCK

I concur.


3mn shares traded so far
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