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Britam HY 2013 profit before tax up 25%
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Total income up 38% (life +40%, general business +28%, asset management +68%) Net Assets 49% increase Is this company showing more potential than Centum? As it's my 3rd post, I must wonder where Herr mwekez@ji is hiding today 
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Cheers @muganda. Not a bad show from Britam,guess now graduated from britank Dont worry about @mw€k€, he'll show up in no time to fill in the loose ends @SufficientlyP
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Impressive
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:Cheers @muganda. Not a bad show from Britam,guess now graduated from britank Dont worry about @mw€k€, he'll show up in no time to fill in the loose ends Cheers @muganda @$PT. Any idea how the significant gains in Equity and HFCK shares are accounted in the income statement?
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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mwekez@ji wrote:Cheers @muganda @$PT. Any idea how the significant gains in Equity and HFCK shares are accounted in the income statement? My guess https://www.nse.co.ke/listed-com...britam-half-year-results1) If they are associates (HFCK) it would be Share of profit of the associate 2) But in some other case (Equity) probably as net fair value gains on financial assets at fair value through profit and loss Unless of course they classified them as for-sale financial assets then they would push them to comprehensive income statement 3) Gains on available-for-sale financial assets, as is customary for trading positions
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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muganda wrote:mwekez@ji wrote:Cheers @muganda @$PT. Any idea how the significant gains in Equity and HFCK shares are accounted in the income statement? My guess https://www.nse.co.ke/listed-com...britam-half-year-results1) If they are associates (HFCK) it would be Share of profit of the associate 2) But in some other case (Equity) probably as net fair value gains on financial assets at fair value through profit and loss Unless of course they classified them as for-sale financial assets then they would push them to comprehensive income statement 3) Gains on available-for-sale financial assets, as is customary for trading positions Thanks @muganda. Am concerned because what has made this results to impress is the spike in Fair Value Through Profit and Loss of a whopping KES 1.5B. This is a paper gain which if it’s not realizable, there is nothing to cerebrate here
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Is there a difference between what Britam reported and what someone projected here back in May http://www.contrarianinv...is-the-race-to-diversify
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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A little more propaganda, the presentation at the investor briefing was dropboxed http://bit.ly/17osWE1
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Notable that Britam has HFCK and Equity Bank as its banking division in the company structure
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Rank: New-farer Joined: 9/20/2010 Posts: 79
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@muganda,whats your take on da probable price in next few weeks.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Britam mulling a ksh.5 billion rights issue for real estate projects. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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How is this counter expected to perform in the next few weeks? Don't Work for Money, Let Money Work for You..
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:Britam mulling a ksh.5 billion rights issue for real estate projects. May they heavily discount this else they get an undersubscription like in the IPO
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Ericsson wrote:Britam mulling a ksh.5 billion rights issue for real estate projects. I missed this one. Where is the link? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Since investors are still selling it may seesaw around 8.0 (down 7.90 and up 8.40) for this year and start being a John walker by end of December and a Kipchoge by Feb 2014
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Britam puts Sh1bn seed capital in property fund“The fund has been registered in Mauritius and Britam has invested Sh1 billion to start the fundraising process,” said a source who sought anonymity. “Fundraising is being done by private placement and should close by early next year.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Britam acquires 25pc stake in property developer •Britam will now claim a quarter of Acorn’s profits, with Acorn becoming an associate company of the investment firm. •Acorn is a major player in Kenya’s real estate sector, developing and managing properties for clients such as Coca-Cola East Africa, Deloitte East Africa and Equity Bank. •Real estate has become one of the fastest growing sectors over the last decade, fuelled by a burgeoning middle class.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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You cant invest in all  Thieves
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Britam will one day become the investment vehicle for many investors and soom they might enter in patrnership with Russian Reinssance to cater for the Tatu where Britam may buy 15% of the share holding or even buy out one of those Directors who have stalled the investment kick off! They have land in city surburbs and might be scouting for more to be the Emaar Property Developer of Dubai here in kenya.
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Britam HY 2013 profit before tax up 25%
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