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BRITAM FY2016
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Ericsson
#1 Posted : Friday, March 24, 2017 5:33:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Britam Holdings has today released FY16 numbers; with a
*FY profit before tax of 4.2 billion shillings versus loss of 1.2 billion shillings year ago
*PAT of KES 2.5bn from a loss after tax of KES 1.0bn in FY15
* FY net earned premiums of 17.4 billion shillings versus 16.4 billion shillings year ago

* Recommends payment of dividend of 30 cents per share

Full results link https://view.publitas.co...year-ended-31-dec-2016/
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  | | Edit by moderator: Friday, March 24, 2017 8:33 PM | Reason: Results link
mlennyma
#2 Posted : Friday, March 24, 2017 5:54:25 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Britam Holdings has today released FY16 numbers; with a
*FY profit before tax of 4.2 billion shillings versus loss of 1.2 billion shillings year ago
*PAT of KES 2.5bn from a loss after tax of KES 1.0bn in FY15
* FY net earned premiums of 17.4 billion shillings versus 16.4 billion shillings year ago

* Recommends payment of dividend of 30 cents per share

what percentage is this?? 1000 plus %
"Don't let the fear of losing be greater than the excitement of winning."
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Gatheuzi
#3 Posted : Friday, March 24, 2017 6:13:54 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
mlennyma wrote:
Ericsson wrote:
Britam Holdings has today released FY16 numbers; with a
*FY profit before tax of 4.2 billion shillings versus loss of 1.2 billion shillings year ago
*PAT of KES 2.5bn from a loss after tax of KES 1.0bn in FY15
* FY net earned premiums of 17.4 billion shillings versus 16.4 billion shillings year ago

* Recommends payment of dividend of 30 cents per share

what percentage is this?? 1000 plus %

Incomputable i.e. negative ÷ positive always retuns negative.
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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Ericsson
#4 Posted : Friday, March 24, 2017 6:16:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Link;

http://j.mp/2mzfvmT
Wealth is built through a relatively simple equation
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Ericsson
#5 Posted : Friday, March 24, 2017 6:22:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Britam Holdings Ltd:

* Says Co shareholders have approved acquisition of 10. 37 percent stake in the Co by the International Finance Corporation (IFC)

* International Finance Corporation will inject 3.55 billion shillings to buy 224,187,697 million ordinary shares of Britam at 15.85 shillings per share

* Says as a result of acquisition, the issued share of capital of Britam will increase by 11.6 percent

* Subscription is expected to be completed in second quarter of 2017
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Pesa Nane
#6 Posted : Friday, March 24, 2017 6:26:12 PM
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Joined: 5/25/2012
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Pesa Nane plans to be shilingi when he grows up.
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Spikes
#7 Posted : Friday, March 24, 2017 7:00:52 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
The market is likely to reject these developments in Britam in entirety! Just my opinion.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#8 Posted : Friday, March 24, 2017 7:57:04 PM
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Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
The market is likely to reject these developments in Britam in entirety! Just my opinion.

common sense tells me britam share will be comfortable at a price above IFC buying price in the medium term
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#9 Posted : Friday, March 24, 2017 8:09:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
On the cash flow statement there is a borrowing of ksh.2.17bn during the financial year.
In 2014 they issued a corporate bond of ksh.7bn
Something isn't working right in this company
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Ericsson
#10 Posted : Friday, March 24, 2017 8:10:04 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
mlennyma wrote:
Spikes wrote:
The market is likely to reject these developments in Britam in entirety! Just my opinion.

common sense tells me britam share will be comfortable at a price above IFC buying price in the medium term


http://www.businessdaily...863550-9t8dvl/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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