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Britam HY15 PAT dips 77%
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Pesa Nane
#1 Posted : Friday, August 28, 2015 8:51:39 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Highlights

We recorded a 77% growth in Gross Earned Premiums

The Regional business is 19.9% of the business bringing in- 2.12 Billion

In the Balance Sheet we can see: 39% Growth in Total Assets

Asset Management Profitability grew by 57%

We aim to Increase our property portfolio to between 20% & 30% and Reduce reliance on equities <30%

The other top reason we're here is the property strategy, where we are on track despite the set back with Acorn.

via
#BritamH1Results
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#2 Posted : Friday, August 28, 2015 9:40:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Where are the real figures and a copy of the P&L and balance sheet statement
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kipkalom
#3 Posted : Friday, August 28, 2015 10:03:34 AM
Rank: Hello


Joined: 5/7/2015
Posts: 1
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Pesa Nane
#4 Posted : Friday, August 28, 2015 10:28:03 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#5 Posted : Friday, August 28, 2015 10:34:36 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Who bought at 30's? sub 10 highly likely
"Don't let the fear of losing be greater than the excitement of winning."
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mawinder
#6 Posted : Friday, August 28, 2015 10:34:57 AM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Pesa Nane wrote:

This will bring Britam down to Kshs.5.
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Ericsson
#7 Posted : Friday, August 28, 2015 10:36:18 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Profit before tax declined by 65.32% compared to half year 2014
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#8 Posted : Friday, August 28, 2015 10:36:25 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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hisah
#9 Posted : Friday, August 28, 2015 11:17:59 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
This golden handcuff Pray

Where is the profit warning?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#10 Posted : Friday, August 28, 2015 11:25:48 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Corporate culture sucks at this company...they gloat about topline growth but insurance is about your claims...growing your float...building a balanced asset portfolio not acquiring loss making companies to boost your share price or having no 1 market share at the expense of your margins
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Zoori
#11 Posted : Friday, August 28, 2015 12:51:31 PM
Rank: Hello


Joined: 6/5/2015
Posts: 9
Ericsson wrote:
Profit before tax declined by 65.32% compared to half year 2014


Their EPS is an insult.
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lochaz-index
#12 Posted : Friday, August 28, 2015 1:19:25 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127

Iko watu watalia hapa.Their asset portfolio must be pretty sucky if it can have a reversal of 3.9b in a years time frame.Smells like a hedge fund.That is a very volatile portfolio which would make for some interesting reading if availed. Partly explains the steroid bull run it has had.
The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson
#13 Posted : Friday, August 28, 2015 2:04:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
They are now saying they plan to increase the income from their property portfolio so that it contributes about 20-30% of their income.
I wonder when the properties they are building will be fully occupied;
They have the 34 storey building Britam towers
There is still the Real twin towers building.
All situated in Upper Hill
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#14 Posted : Friday, August 28, 2015 5:18:02 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Ericsson wrote:
They are now saying they plan to increase the income from their property portfolio so that it contributes about 20-30% of their income.
I wonder when the properties they are building will be fully occupied;
They have the 34 storey building Britam towers
There is still the Real twin towers building.
All situated in Upper Hill


Even when they listed they were still planning to increase property portfolio. Don't know how much they've achieved since
The investor's chief problem - and even his worst enemy - is likely to be himself
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