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Britam FY 2013 results PBT up 12%
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muganda
#1 Posted : Friday, March 07, 2014 8:33:33 AM
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dunkang
#2 Posted : Friday, March 07, 2014 8:35:47 AM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831


Asset Managment: AUM grew steadily over the years to 36.6billion (end on 2013) Current AUM is over 38billion. #Britam2013FYResults

Britam Uganda revenues grew by 105%
South Sudan revenues grew from Shs 1m in 2012 to 114m in 2013
#Britam2013FYResults

Net benefits to policyholders in the period of Shs 4.8 billion (2012: Shs 3.7 billion)
#Britam2013FYResults
Receive with simplicity everything that happens to you.” ― Rashi

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muganda
#3 Posted : Friday, March 07, 2014 9:09:30 AM
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Core business revenue up 30.9%
....insurance +26.5%, asset management +62.6%, regional offices +232%

Assets under Management growth 29.2% to 36.3bn
Total revenue up 28% Total expenses up 34%
Gain on revaluation of assets constant at 1.5bn

EPS year on year constant at 1.4
Dividend 0.25 per share


With P/E at 13 being most expensive insurance company, there will be some price adjustment.
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Goldilocks Reloaded
#4 Posted : Friday, March 07, 2014 9:23:19 AM
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What are the numbers of PBT?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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muganda
#5 Posted : Friday, March 07, 2014 9:32:05 AM
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Goldilocks Reloaded wrote:
What are the numbers of PBT?


Profit before tax up 12.2% to 3.19bn
Comprehensive income virtually constant +0.4% at 4.2bn
EPS remained 1.4
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Sufficiently Philanga....thropic
#6 Posted : Friday, March 07, 2014 10:03:37 AM
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Joined: 9/23/2010
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Location: Sundowner,Amboseli
muganda wrote:
Core business revenue up 30.9%
....insurance +26.5%, asset management +62.6%, regional offices +232%

Assets under Management growth 29.2% to 36.3bn
Total revenue up 28% Total expenses up 34%
Gain on revaluation of assets constant at 1.5bn

[b]EPS year on year constant at 1.4[/b]
Dividend 0.25 per share


With P/E at 13 being most expensive insurance company, there will be some price adjustment.


This one calls for the PPT as the share price is certainly way too ahead of itself!
@SufficientlyP
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Sufficiently Philanga....thropic
#7 Posted : Friday, March 07, 2014 10:24:26 AM
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Location: Sundowner,Amboseli
Interesting price movements.Sinks below 18
#SomeoneCallPPTsmile
@SufficientlyP
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Goldilocks Reloaded
#8 Posted : Friday, March 07, 2014 10:25:40 AM
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Britam Bids at 16/- already. This wont end well. Glad i jumped out early
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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mlennyma
#9 Posted : Friday, March 07, 2014 11:06:59 AM
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Cfci may have grown profits second best after pan africa
"Don't let the fear of losing be greater than the excitement of winning."
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Realtreaty
#10 Posted : Friday, March 07, 2014 11:26:23 AM
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I am not selling neither moving out. This is the stock to behave like Panafric that rose (capital gains) after issuing a dividend. With that much capital gain and direct investment and buy-out of others it will in six months time be calling shots at 30-40 kes. This is a buy buy stock unless you want to pay school fees by April.
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mibbz
#11 Posted : Friday, March 07, 2014 12:07:08 PM
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Britam at ksh 18 with 0.25 dividend or Pan africa at 6 times the price with 18 times the dividend.
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mwekez@ji
#12 Posted : Friday, March 07, 2014 12:53:13 PM
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Joined: 5/31/2011
Posts: 5,121
Very funny market this. Britam should be whipped for delivering performance that is below par/expectation
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hisah
#13 Posted : Friday, March 07, 2014 1:57:20 PM
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Joined: 8/4/2010
Posts: 8,977
BRIT is a sell just like PAFR. Waiting for the other insurance results. Going to be tough rallying like last yr in this sector.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#14 Posted : Friday, March 07, 2014 2:08:13 PM
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Now let's wait for kenya Re we see if they have pipped Britam to be the most profitable company in the insurance sector.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#15 Posted : Friday, March 07, 2014 2:25:47 PM
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Ericsson wrote:
Now let's wait for kenya Re we see if they have pipped Britam to be the most profitable company in the insurance sector.


are the overall industry figures known and can one deduce how the results will look like for the remaining ones? just asking
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Ericsson
#16 Posted : Friday, March 07, 2014 2:51:18 PM
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As per last year figures kenya Re did profits of ksh.2.8B pBT.
CIC did ksh.1.65B and Jubilee ksh.2B
UAP did ksh.1.7 Billion PBT
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Mist
#17 Posted : Friday, March 07, 2014 3:16:05 PM
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Joined: 1/8/2014
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@hisah @mwekezaji
Is Brit a buy ?
I have some 150k which i was thinking of buying
Brit and Centum,is this wise Shame on you ?

Which other growth stocks should i look at?
With a view to selling in a year?

Thanks in advance
Simplicity is the utmost sophistication.
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murchr
#18 Posted : Friday, March 07, 2014 3:24:31 PM
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Ericsson wrote:
As per last year figures kenya Re did profits of ksh.2.8B pBT.
CIC did ksh.1.65B and Jubilee ksh.2B
UAP did ksh.1.7 Billion PBT


When do we expect these results? KNRE & CFCI
"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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hisah
#19 Posted : Friday, March 07, 2014 4:03:22 PM
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Mist wrote:
@hisah @mwekezaji
Is Brit a buy ?
I have some 150k which i was thinking of buying
Brit and Centum,is this wise Shame on you ?

Which other growth stocks should i look at?
With a view to selling in a year?

Thanks in advance

Until the eurobond clouds pass by I am not willing to take a plunge at NSE.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#20 Posted : Friday, March 07, 2014 5:28:09 PM
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Joined: 2/26/2012
Posts: 15,980
UK says that all cops will get life insurance cover, who wil provide that?
"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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