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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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According to the management, this company has an embedded value of 10.5b. That translates to a worth of about 5.4 per share. Management teams more often than not tend to lean on the bullish side when analyzing their businesses and britam is no exception. Current price is upwards of 11bob,that is, more than double the management's computation of fair value. Why would an investor be more optimistic of the business prospects of this company than its management? Good luck to all those who are still in this stock. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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lochaz-index wrote:According to the management, this company has an embedded value of 10.5b. That translates to a worth of about 5.4 per share. Management teams more often than not tend to lean on the bullish side when analyzing their businesses and britam is no exception.
Current price is upwards of 11bob,that is, more than double the management's computation of fair value. Why would an investor be more optimistic of the business prospects of this company than its management? Good luck to all those who are still in this stock. pessimists hardly own anything "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:lochaz-index wrote:According to the management, this company has an embedded value of 10.5b. That translates to a worth of about 5.4 per share. Management teams more often than not tend to lean on the bullish side when analyzing their businesses and britam is no exception.
Current price is upwards of 11bob,that is, more than double the management's computation of fair value. Why would an investor be more optimistic of the business prospects of this company than its management? Good luck to all those who are still in this stock. pessimists hardly own anything The dividend announcement is a desperate measure by management to play PPT as bears are walking tall in town tongues wagging! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:mlennyma wrote:lochaz-index wrote:According to the management, this company has an embedded value of 10.5b. That translates to a worth of about 5.4 per share. Management teams more often than not tend to lean on the bullish side when analyzing their businesses and britam is no exception.
Current price is upwards of 11bob,that is, more than double the management's computation of fair value. Why would an investor be more optimistic of the business prospects of this company than its management? Good luck to all those who are still in this stock. pessimists hardly own anything The dividend announcement is a desperate measure by management to play PPT as bears are walking tall in town tongues wagging! Very soon this stock will come down with a bang like an asteroid. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gatheuzi #29 Posted : Thursday, March 31, 2016 4:23:18 AM wrote:VituVingiSana wrote:Spikes wrote:hisah wrote:HY EPS was down 77% from 1.45 to 0.32. Assuming H2 finishes as H1 that means EPS will be 0.64 (0.32x2). Current insurance sector PER is 8.6. But out of generosity let's give BRIT a PER of 10.
Share price = EPS x PER = 0.64 x 10 = KES 6.40.
Avoid the unnecessary noise and stay focused otherwise the market magicians will skin you alive! Use real PER on your calculation based on Britam fundamentals. You have randomly picked a less value in a pure attempt to balkanize the fair value of this stock. Until the EPS is released, we [except @Obiero] do not know what it is. Why don't you give us your mathematics? We can compare @hisah vs @spikes on Britam. And while at it @spikes, remember to keep pace with Britam's revisions of EPS. Current EPS = - 0.5
PE is -23http://wazua.co.ke/forum...952&f=1&q=720799"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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murchr wrote:Gatheuzi #29 Posted : Thursday, March 31, 2016 4:23:18 AM wrote:VituVingiSana wrote:Spikes wrote:hisah wrote:HY EPS was down 77% from 1.45 to 0.32. Assuming H2 finishes as H1 that means EPS will be 0.64 (0.32x2). Current insurance sector PER is 8.6. But out of generosity let's give BRIT a PER of 10.
Share price = EPS x PER = 0.64 x 10 = KES 6.40.
Avoid the unnecessary noise and stay focused otherwise the market magicians will skin you alive! Use real PER on your calculation based on Britam fundamentals. You have randomly picked a less value in a pure attempt to balkanize the fair value of this stock. Until the EPS is released, we [except @Obiero] do not know what it is. Why don't you give us your mathematics? We can compare @hisah vs @spikes on Britam. And while at it @spikes, remember to keep pace with Britam's revisions of EPS. Current EPS = - 0.5
PE is -23http://wazua.co.ke/forum...52&f=1&q=720799 Right @murchr. However since EPS is negative, PE is irrelevant. Instead we should use another measure such as NAV to arrive at a fair value. Someone mentioned 5.4 from management but haven't had time to go through Statements of FP. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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murchr wrote:Gatheuzi #29 Posted : Thursday, March 31, 2016 4:23:18 AM wrote:VituVingiSana wrote:Spikes wrote:[quote=hisah]HY EPS was down 77% from 1.45 to 0.32. Assuming H2 finishes as H1 that means EPS will be 0.64 (0.32x2). Current insurance sector PER is 8.6. But out of generosity let's give BRIT a PER of 10.
Share price = EPS x PER = 0.64 x 10 = KES 6.40.
Avoid the unnecessary noise and stay focused otherwise the market magicians will skin you alive! Use real PER on your calculation based on Britam fundamentals. You have randomly picked a less value in a pure attempt to balkanize the fair value of this stock. Until the EPS is released, we [except @Obiero] do not know what it is. Why don't you give us your mathematics? We can compare @hisah vs @spikes on Britam. And while at it @spikes, remember to keep pace with Britam's revisions of EPS. Current EPS = - 0.5
PE is -23http://wazua.co.ke/forum...52&f=1&q=720799[/quote] http://www.businessdaily.../-/n2a9lgz/-/index.html
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Gatheuzi wrote:murchr wrote:Gatheuzi #29 Posted : Thursday, March 31, 2016 4:23:18 AM wrote:VituVingiSana wrote:Spikes wrote:hisah wrote:HY EPS was down 77% from 1.45 to 0.32. Assuming H2 finishes as H1 that means EPS will be 0.64 (0.32x2). Current insurance sector PER is 8.6. But out of generosity let's give BRIT a PER of 10.
Share price = EPS x PER = 0.64 x 10 = KES 6.40.
Avoid the unnecessary noise and stay focused otherwise the market magicians will skin you alive! Use real PER on your calculation based on Britam fundamentals. You have randomly picked a less value in a pure attempt to balkanize the fair value of this stock. Until the EPS is released, we [except @Obiero] do not know what it is. Why don't you give us your mathematics? We can compare @hisah vs @spikes on Britam. And while at it @spikes, remember to keep pace with Britam's revisions of EPS. Current EPS = - 0.5
PE is -23http://wazua.co.ke/forum...52&f=1&q=720799 Right @murchr. However since EPS is negative, PE is irrelevant. Instead we should use another measure such as NAV to arrive at a fair value. Someone mentioned 5.4 from management but haven't had time to go through Statements of FP. We need the balance sheet to enable us calculate NAV. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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@Hisah (despite the forecasted profit) won over @Spikes murchr wrote:Gatheuzi #29 Posted : Thursday, March 31, 2016 4:23:18 AM wrote:VituVingiSana wrote:Spikes wrote:[quote=hisah]HY EPS was down 77% from 1.45 to 0.32. Assuming H2 finishes as H1 that means EPS will be 0.64 (0.32x2). Current insurance sector PER is 8.6. But out of generosity let's give BRIT a PER of 10.
Share price = EPS x PER = 0.64 x 10 = KES 6.40.
Avoid the unnecessary noise and stay focused otherwise the market magicians will skin you alive! Use real PER on your calculation based on Britam fundamentals. You have randomly picked a less value in a pure attempt to balkanize the fair value of this stock. Until the EPS is released, we [except @Obiero] do not know what it is. Why don't you give us your mathematics? We can compare @hisah vs @spikes on Britam. And while at it @spikes, remember to keep pace with Britam's revisions of EPS. Current EPS = - 0.5
PE is -23http://wazua.co.ke/forum...52&f=1&q=720799[/quote] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Price had factored the results, any dips going forward will be as a result of market dynamics but not triggered by results. kitendawili..!!!!!!...who bought the Mauritius stake? "Don't let the fear of losing be greater than the excitement of winning."
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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
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