With our dirty politics there will be good entry points every now and then.but for now the market seems used to political noise until politics are taken a notch highier.

Why would Britam want 46% when they already have 21%? More board room control and decision making power? NO. I think they wanna buy the damn whole thing out in the near to medium term!

A case study is Pan Africa insurance, We know what happened when Sanalam started buying.

But im not so concerned about this. HFCK is paying me amazing dividend yeild, the company is growing at a very impressive rate. Even minus britam buying it out, 100.00 in the next 3 years is my target. I said this some time last year and @Obiero told me i must be smoking the good stuff. If the growth of profits continues then its only a matter of time for the EPS to catch and even leave the current price.

@VVS That is called speculating . Nothing hurts a value investor more than watching a targeted share leave you behind. But from where where you bought it makes sense, coz we may go back there (30's) in the not so distant future. this is clearly an overshoot, when the excitement dies the price will stabilize downwards.

As a 'value investor' HFCK outran all my expectations. I reviewed it again before selling and the fundamentals did not sit right based on my projections.
I used the 1Q results as my basis BUT if the 2Q result blow them out of the water then I will regret selling!

Britam might as well write-off the Uganda market for Life Insurance

Insurance players who have been in a stagnant sector over the years will have to brace themselves for tougher times as government scraps tax exemptions on insurance products. This follows the introduction of an additional 18% cost as Value Added Tax (VAT) on insurance products that may discourage people from buying covers. In the past, the sector has been enjoying products free from VAT which government has scrapped in the financial year 2014/2015. At 0.65%, Uganda’s insurance penetration is one of the lowest in the world. With the government looking for every prospect to bring money into the Treasury coffers amid donor cuts, the insurance sector, has been deemed fit to contribute to the largely home funded Budget. Currently, in addition to stamp duty, clients also pay an insurance training levy of 0.5% of gross premium on insurance policies. Insurance premium will now be taxed in excess of 20%. That is to say VAT of 18%, an insurance training levy of 0.5%, the Insurance Regulatory Authority levy of 1.5% and stamp duty of UGX 35,000 for those buying general insurance products