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moneydust		#11 Posted : Friday, February 11, 2011 10:18:04 AM
Rank: Member Joined: 1/31/2007 Posts: 304		Layman wrote: simple, equity bank is a large shareholder of British American and then british Amrican is also a large shareholder of equity bank, they are just complementing each other and that why equity bank (insurance agency) gives Britak first priority in placing insurance they source........ and vice versa Since when did equity own Britak????
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selah		#12 Posted : Friday, February 11, 2011 10:22:53 AM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		moneydust wrote: Since when did equity own Britak???? I think its possible for equity to own Britak given that about 67% of Britak is owned by local investors. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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youcan'tstopusnow		#13 Posted : Friday, February 11, 2011 12:22:00 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Waithaka, I thought it was 3 years of profits in the last 5. Ama? GOD BLESS YOUR LIFE
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For Sport		#14 Posted : Friday, February 11, 2011 12:23:34 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		Any advice on how to structure/balance a portfolio in a scenario like this where there are several incestuous relationships between listed firms? I gather that British American, Equity and by extension HFCK are related. Is it wise to hold shares in related companies? (Dumped my HFCK shares a short while ago – still hanging onto Equity bank). And if you’re to set your sights on one, how do you go about analyzing related companies? Aren’t their fortunes tied?
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Wendz		#15 Posted : Friday, February 11, 2011 12:58:34 PM
Rank: Elder Joined: 6/19/2008 Posts: 4,268		moneydust wrote: Layman wrote: simple, equity bank is a large shareholder of British American and then british Amrican is also a large shareholder of equity bank, they are just complementing each other and that why equity bank (insurance agency) gives Britak first priority in placing insurance they source........ and vice versa Since when did equity own Britak???? Alot of Britak shareholders are also shareholders of Equity... May be explains why JM sits in Britak's board. Britak owns around 10-15% of Equity if am not wrong.
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moneydust		#16 Posted : Friday, February 11, 2011 1:37:13 PM
Rank: Member Joined: 1/31/2007 Posts: 304		Wendz wrote: moneydust wrote: Layman wrote: simple, equity bank is a large shareholder of British American and then british Amrican is also a large shareholder of equity bank, they are just complementing each other and that why equity bank (insurance agency) gives Britak first priority in placing insurance they source........ and vice versa Since when did equity own Britak???? Alot of Britak shareholders are also shareholders of Equity... May be explains why JM sits in Britak's board. Britak owns around 10-15% of Equity if am not wrong. Have being a shareholder of equity bank since its listing, and in all the AGMs I have attended no mention has ever been made of Equity owning Britak, besides with the stringent CBK financial reporting regulations this would have been mentioned in its financial reports ... as it does with HFCK What I know is that the single largest individual shareholder of Britak (Mr B.Wairegi)has substantial shareholding in equity under his name..in addition to shares held by Britak...It is also said that Equity MD has substantial shares in Britak
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Ms Mkenya		#17 Posted : Friday, February 11, 2011 1:48:59 PM
Rank: Veteran Joined: 5/13/2010 Posts: 869 Location: Nairobi		Equity and Britak are so linked! And yes, Britak does own a bit of Equity.. ....above all, to stand.
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selah		#18 Posted : Thursday, March 24, 2011 12:45:25 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		sometime I think some of us unsophisticated investors get duped quite easily.How does a company that is wishing to list move from a loss of 421,123 million to 2.7 billion within a year.Something is not right somewhere,given that most of the profit came from investment income in a market that was very depressed. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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gathinga		#19 Posted : Thursday, March 24, 2011 12:50:30 PM
Rank: Veteran Joined: 11/30/2006 Posts: 635		selah wrote: sometime I think some of us unsophisticated investors get duped quite easily.How does a company that is wishing to list move from a loss of 421,123 million to 2.7 billion within a year.Something is not right somewhere,given that most of the profit came from investment income in a market that was very depressed. you reflect my thoughts as well. And to see the accounts were audited by Pricewaterhouse
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For Sport		#20 Posted : Thursday, March 24, 2011 1:26:28 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		I also dont believe in this sort of miracle. How was the loss of the other year explained? Holds an 11% stake in Equity Bank and 19.9% in HFCK Wairegi says growth prospects in the 30 – 40 % region. Growth projections premised on the low penetration of insurance services on the continent + their plans to expand in the region. Info’s here: http://af.reuters.com/ar...s/idAFJOE72M0EG20110323 http://www.abndigital.co...n-swings-to-2010-profit
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