I can see internet never forgets!!!!!! Well documented. Safely archived.

This stock is founded on strong fundamentals.

The evil cloud is today drifting away. Go, go, go My candy. @10.85Kes.

I truly don't understand the negative sentiment toward BRIT. From a technical perspective the stock is oversold (e.g. Relative Strength Index is 11.45) and from a fundamentals perspective, it appears deeply undervalued.

Going beyond the headlines, the company's core business looked good at the half-year and future prospects (in Kenya and regionally) look promising. They are investing much more in innovation than the rest of the sector, made the right acquisitions, and are growing in the business areas and geographies that they should be. I am also bullish on the sector as a whole in East Africa.

Sure, the uncertainty surrounding Rawat's stake is still there and the profit warning is still hanging over things (at least until we get numbers on Thursday), but these negatives aren't enough to justify the huge hit the stock has taken. What am I missing?

@ericsson. Good point and agree this is a problem for the 2015 figures but, from a forward-looking perspective, tie up with the two must be good strategically, no? Also they said they are holding on exposure to listed stuff and diluting by increasing real estate, etc. (like Centum did, just later than they should have).

Get what you're saying, but still seems like price is artificially low. Cyntonn tweeted yesterday that foreign money flowed out ahead of FY announcement, maybe that's all it was (with earlier drops attributable to Ponzi worries, HY crap, etc.). Long term, stock still seems solid to me. I just don't know if I have the stomach for the near term volatility. (Know that's the wrong thing to say from a value perspective, but I'm only human ... and, basically, broke!)

@enyands. Asante sana!