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Britam Revises down its Profit!
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Kastone
#11 Posted : Tuesday, April 28, 2015 2:06:28 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
MaichBlack wrote:
vestor wrote:
Is this one among many?

On a slightly different (but somewhat related) note, I love the way they work in Mauritius!!!

The way they have dealt with the Dawat case is exemplary! Kudos to them. This Dawat fellow will end up broke and probably in jail. Mauritians will get back their money. That is the kind of protection you expect from your government and it's institutions!


So true. Back home, wacha tu. PR mara activists mara case in court, aich!
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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vestor
#12 Posted : Tuesday, April 28, 2015 2:10:20 PM
Rank: Member

Joined: 11/9/2010
Posts: 132
The biggest question is whether Britam "ni mweupe kama pamba (or is it baba?)"
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MaichBlack
#13 Posted : Tuesday, April 28, 2015 2:28:25 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,858
vestor wrote:
The biggest question is whether Britam "ni mweupe kama pamba (or is it baba?)"

For the next couple of weeks, huu ni moto wa kuotea mbali. Let us wait and see if new information will come up in the next two or so weeks.

I missed the chance to board the Britam bus. May be the bus is coming back for me!!!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Walio ndani poleni. I would love if the bus would come back for me (Assuming we don't get any information that would discourage us from jumping in).

But as someone has pointed out (and unfortunately for us) the Mauritius' government decisiveness has prevented the blood from flowing - at least for now!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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lochaz-index
#14 Posted : Tuesday, April 28, 2015 2:32:01 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
vestor wrote:
The biggest question is whether Britam "ni mweupe kama pamba (or is it baba?)"


Dont think so.The restating of profits came quickly on the heels of the ponzi scheme stories which indicates there is much more dirt that they are hiding and also this was the apparent 'jewel in the crown' for Rawat.Btw what was the official reason given for the profit restating? tip of the iceberg.
The main purpose of the stock market is to make fools of as many people as possible.
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vestor
#15 Posted : Tuesday, April 28, 2015 2:46:58 PM
Rank: Member

Joined: 11/9/2010
Posts: 132
lochaz-index wrote:
vestor wrote:
The biggest question is whether Britam "ni mweupe kama pamba (or is it baba?)"


Dont think so.The restating of profits came quickly on the heels of the ponzi scheme stories which indicates there is much more dirt that they are hiding and also this was the apparent 'jewel in the crown' for Rawat.Btw what was the official reason given for the profit restating? tip of the iceberg.


"Britam says the revision is due to a valuation issue with a local associate."
I agree that this is a tip of the iceberg. If it was in Asia, someone would have jumped from a building in upperhill.
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Fyatu
#16 Posted : Tuesday, April 28, 2015 3:16:49 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Britam Kenya has policies with titles such as "Supersaver plus", "invest plus plus" promising fishy returns just like the ones that Rawat was using as bait for unsuspecting wananinchi. if only someone would probe this further then the biggest ponzi in East Africa will unravel.. bei yangu ni kobole
Dumb money becomes dumb only when it listens to smart money
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Fyatu
#17 Posted : Tuesday, April 28, 2015 3:18:45 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Ever since the Rawat scandal was exposed, whenever i look at upperhill i see the biblical "Tower of Babylon"
Dumb money becomes dumb only when it listens to smart money
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  | | Edit by user: Tuesday, April 28, 2015 3:20 PM | Reason: Not specified
Aardwolf
#18 Posted : Tuesday, April 28, 2015 5:34:14 PM
Rank: Hello

Joined: 4/20/2015
Posts: 8
Fyatu wrote:
Britam Kenya has policies with titles such as "Supersaver plus", "invest plus plus" promising fishy returns just like the ones that Rawat was using as bait for unsuspecting wananinchi. if only someone would probe this further then the biggest ponzi in East Africa will unravel.. bei yangu ni kobole


I was hoping someone would mention this. A friend of mine was requested to sign up for one of the Britam unit trusts (or similar product) that promised an unrealistic ROI. Upon hearing this, I checked their website but the said product wasn't listed. I asked my pal who was quite enthused to approach a different britam agent and request for details of the product but this was immediately after the Mauritius scandal had been exposed. Interestingly, the new agent said no such product existed. Well, I wouldn't be surprised if no-one follows this up.
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shocks
#19 Posted : Tuesday, April 28, 2015 5:35:52 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
its called getting your house in order b4 mgeni afike. The Mauritius government will sell that stake in britam probably to a S.A or British co. Now if you can tell where the bottom will be, you can get in and have a bright future
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Mukiri
#20 Posted : Tuesday, April 28, 2015 11:42:46 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
shocks wrote:
its called getting your house in order b4 mgeni afike. The Mauritius government will sell that stake in britam probably to a S.A or British co. Now if you can tell where the bottom will be, you can get in and have a bright future

And when is this likely to be?

Proverbs 19:21
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