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BRITAK Prospects
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. - Warren Buffett GOD BLESS YOUR LIFE
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Rank: Member Joined: 4/30/2007 Posts: 92
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hehehe...was almost taking the plunge! how far south can we get? Has the current price factored in this?
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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i think we should kill this topic because its bringing allot of sad memories for some of us
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Rank: Member Joined: 1/29/2011 Posts: 257
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Sure wrote:Mainat wrote:Decide-its just announced a profit warning (25% fall in profits from yesteryr) Come slowlow. Did they announce a profit warning? Link. http://www.businessdaily...74/-/xmjs0g/-/index.html"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Member Joined: 1/29/2011 Posts: 257
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youcan'tstopusnow wrote:The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. - Warren Buffett
Equity Trading 101 "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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QW25081985 wrote:i think we should kill this topic because its bringing allot of sad memories for some of us Ulcers zimezidi  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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And how will they diversify their asset base when they failed to raise enough funds in the IPO¿¿ The stake they hold in equity and hfck can only grant them dividends since they are not associates or subsidiaries.. Looks like they will rely on the NSE for the forseeable future.. Maybe they could borrow a leaf from jubilee.. JUBILEE ASSET BASE (JUNE 2011)1. Real estate properties = 3 billion 2. Private equity = 5.1 billion 3. NSE investments = 6.2 billion 4. Bonds = 10 billion 5. Cash = 3 billion Now That is a proper spread of assets.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. - Warren Buffett
Amen! 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I cant wait to BRITAK's cash flow statement.. I wonder if they will use IPO funds to pay a dividend.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:I cant wait to BRITAK's cash flow statement.. I wonder if they will use IPO funds to pay a dividend.. me too. Can you imagine equity and hfck trading at half the previous year. We'll need the bright minds to see where they cover their shame, coz the will def try. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Cde Monomotapa wrote:Mainat wrote:Sure-look out for it in the news later on today.
Cde-yes there was a profit warning the prospectus. I believe Britak is just conforming to requirements for listed firms... cheers. there was no profit warning in the prospectus, i read it. We discussed the lack of it on end here on wazua. I'm so bearish of their results that i expect a loss making position. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:Cde Monomotapa wrote:Mainat wrote:Sure-look out for it in the news later on today.
Cde-yes there was a profit warning the prospectus. I believe Britak is just conforming to requirements for listed firms... cheers. there was no profit warning in the prospectus, i read it. We discussed the lack of it on end here on wazua. Ok comrade.. I withdraw to mind my own biz endeleeni na kazi.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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youcan'tstopusnow wrote:QW25081985 wrote:i think we should kill this topic because its bringing allot of sad memories for some of us Ulcers zimezidi weeeeeeeeeeeee not me as such lakini wengi hapa !
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:Aguytrying wrote:Cde Monomotapa wrote:Mainat wrote:Sure-look out for it in the news later on today.
Cde-yes there was a profit warning the prospectus. I believe Britak is just conforming to requirements for listed firms... cheers. there was no profit warning in the prospectus, i read it. We discussed the lack of it on end here on wazua. Ok comrade.. I withdraw to mind my own biz endeleeni na kazi. A look at Appendix 4 (Management accounts to 30 April 2011) would have told you a lot The PAT for the 4 month period stood at 407,012,000 while for the corresponding period in the previous year was at 1,316,253,000 and the investment income declined to 415,466,000 from 1,895,418,000 Also notice this statement: The Group made a profit before tax of Kshs 2.87 billion as compared to a loss before tax of Kshs 334 million in 2009. This positive performance was the result of unrealised fair value gains on equity investments amounting to Kshs 3.56 billion in
2010 compared to unrealised fair value losses of Kshs 574 million included in 2009. This outcome is a reflection of the good
performance of the Stock Market during the year.What more did anyone need? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Nope! Just in the huff of denial. @Decide, what do you have to say now that you have seen that the profit warning is real? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Nope! Just in the huff of denial. @Decide, what do you have to say now that you have seen that the profit warning is real? Chini ya mawoyees pap! 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde Monomotapa wrote:Aguytrying wrote:Cde Monomotapa wrote:Mainat wrote:Sure-look out for it in the news later on today.
Cde-yes there was a profit warning the prospectus. I believe Britak is just conforming to requirements for listed firms... cheers. there was no profit warning in the prospectus, i read it. We discussed the lack of it on end here on wazua. Ok comrade.. I withdraw to mind my own biz endeleeni na kazi. A look at Appendix 4 (Management accounts to 30 April 2011) would have told you a lot The PAT for the 4 month period stood at 407,012,000 while for the corresponding period in the previous year was at 1,316,253,000 and the investment income declined to 415,466,000 from 1,895,418,000 Also notice this statement: The Group made a profit before tax of Kshs 2.87 billion as compared to a loss before tax of Kshs 334 million in 2009. This positive performance was the result of unrealised fair value gains on equity investments amounting to Kshs 3.56 billion in
2010 compared to unrealised fair value losses of Kshs 574 million included in 2009. This outcome is a reflection of the good
performance of the Stock Market during the year.What more did anyone need? Awesome!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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youcan'tstopusnow wrote:
A look at Appendix 4 (Management accounts to 30 April 2011) would have told you a lot
The PAT for the 4 month period stood at 407,012,000 while for the corresponding period in the previous year was at 1,316,253,000 and the investment income declined to 415,466,000 from 1,895,418,000
Also notice this statement:
The Group made a profit before tax of Kshs 2.87 billion as compared to a loss before tax of Kshs 334 million in 2009. This
positive performance was the result of unrealised fair value gains on equity investments amounting to Kshs 3.56 billion in
2010 compared to unrealised fair value losses of Kshs 574 million included in 2009. This outcome is a reflection of the good
performance of the Stock Market during the year.
What more did anyone need?
@youcant can Wanjiku understand any of this jargon?? The profit warning announced yesterday was the first official profit warning since the IPO.. I think Wanjiku will understand how bad their investment was very easily now.. Mark 12:29
Deuteronomy 4:16
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