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Britam buys HFCK shares from Equity
Aguytrying
#31 Posted : Wednesday, July 02, 2014 4:43:58 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
whos complaining? shares that should rally some times do not, at times even go lower.
we'll take this one.

I can see what they are doing but are they hurting anyone?
The investor's chief problem - and even his worst enemy - is likely to be himself
obiero
#32 Posted : Wednesday, July 02, 2014 4:54:31 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Aguytrying wrote:
whos complaining? shares that should rally some times do not, at times even go lower.
we'll take this one.

I can see what they are doing but are they hurting anyone?

Surely you know what happened with Uchumi, C&G.. In the USA the meltdown in NYSE was largely due to lack of adequate vigilance by regulators.. Its simply not healthy what the three are doing and they may catch people out

KQ ABP 4.26
streetwise
#33 Posted : Wednesday, July 02, 2014 4:57:13 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Simply stated the fluactions are not due to creation of value or lack of but simple shifting omney from one hand to the other and making noise about it..
innovator
#34 Posted : Wednesday, July 02, 2014 6:15:17 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Another suspect is centum. Pumping without getting tired/exhausted.
Kausha
#35 Posted : Wednesday, July 02, 2014 6:15:53 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Seriously we surely don't believe Britam wants to own 46% of HF as a portfolio holding to just earn dividend do we. Secondly I am just wondering what price did Britam and Equity agree to do the trade at. This sometimes can be a fools market.
guru267
#36 Posted : Wednesday, July 02, 2014 6:53:56 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Kenyans amaze me!!

Instead of following the money They sit there at home crying foul for every little thing!

Then 10 years later they will be scrambling to buy HFCK at 300 bob as Britam exits! Laughing out loudly

How do you help such??

Or you think Britam is buying because they are idiots over there??

Mark 12:29
Deuteronomy 4:16
Tall Order
#37 Posted : Wednesday, July 02, 2014 7:59:38 PM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
I missed this bus especially HFCK, regrets but I suppose lesson learnt. Rights issue clouded my decision making. I thought if I missed one, I could have jumped on another, I had HFCK, and TPS Serena (TPS - Insecurity) on my radar with, Member and Simba in distant view. Now stuck chasing Member but can't pull the buy through because of huge demand.
whiteowl
#38 Posted : Thursday, July 03, 2014 12:09:48 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Guys,let the conspiracy be. If you're in any of the 3 buses lets enjoy the ride. The rest jump in or wave good bye as we disappear in the horizon. The only guys that would scare me if they came to town are the flash boys!
Ericsson
#39 Posted : Thursday, July 03, 2014 6:41:12 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Guys equity bank is selling the housing finance stake to britam to raise money for equitel which is the mobile phone business.
There is nothing spectacular going on.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Kausha
#40 Posted : Thursday, July 03, 2014 8:29:02 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
@Erickson you are very asleep. Equity doesn't need much money to do the mobile business. They will not be selling calling minutes only sms to their banking network.

Look at this deal from the Britam end and you will see what is happening. I am amazed how only a few seem to see what is happening. Anyways ketini hapo hapo na muketi na amani na umoja as baba Moi would often tell us.

See you in 2 years when HF is 200bob plus.
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