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Britam's Asset Manager shows FY after tax up 26%
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The FY news will be terrible. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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researchfirst wrote:murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc. You can make that judgement from HY1 results. H2 was more rough, but wait for it, the numbers will not lie then give it a few months for another downwards revision as its the usual case. Last year, they made their announcement on the 20th day of March...what is keeping them tight lipped?  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Boris Boyka wrote:I like the title of this thread
'Britam's Asset Manager SHOWS FY after tax up 26%'
This thread is authentically authoritative. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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murchr wrote:researchfirst wrote:murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc. You can make that judgement from HY1 results. H2 was more rough, but wait for it, the numbers will not lie then give it a few months for another downwards revision as its the usual case. Last year, they made their announcement on the 20th day of March...what is keeping them tight lipped? I think they have been quiet negotiating and sealing the 25% Mauritian deal. Since agreement is now public expect announcement anytime from now. As I know Kenyans are mischievous. They can exaggerate unrealised losses to create a worst impression on financial performance of Britam. Once the deal is completed and that Mauritian government is screwed up properly a revision of the results will surface to the media by Britam management. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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murchr wrote:researchfirst wrote:murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc. You can make that judgement from HY1 results. H2 was more rough, but wait for it, the numbers will not lie then give it a few months for another downwards revision as its the usual case. Last year, they made their announcement on the 20th day of March...what is keeping them tight lipped? I agree that the delay is worrying. I also think that minority shareholders shouldn't hear about a deal with government from government rather than from the company's management. They have some explaining to do, so get to it and start explaining. That's all I'm saying.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:murchr wrote:researchfirst wrote:murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc. You can make that judgement from HY1 results. H2 was more rough, but wait for it, the numbers will not lie then give it a few months for another downwards revision as its the usual case. Last year, they made their announcement on the 20th day of March...what is keeping them tight lipped? I think they have been quiet negotiating and sealing the 25% Mauritian deal. Since agreement is now public expect announcement anytime from now. As I know Kenyans are mischievous. They can exaggerate unrealised losses to create a worst impression on financial performance of Britam. Once the deal is completed and that Mauritian government is screwed up properly a revision of the results will surface to the media by Britam management. It is a tricky situation I am just speculating and weighing all possibilities. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Spikes wrote:Spikes wrote:murchr wrote:researchfirst wrote:murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc. You can make that judgement from HY1 results. H2 was more rough, but wait for it, the numbers will not lie then give it a few months for another downwards revision as its the usual case. Last year, they made their announcement on the 20th day of March...what is keeping them tight lipped? I think they have been quiet negotiating and sealing the 25% Mauritian deal. Since agreement is now public expect announcement anytime from now. As I know Kenyans are mischievous. They can exaggerate unrealised losses to create a worst impression on financial performance of Britam. Once the deal is completed and that Mauritian government is screwed up properly a revision of the results will surface to the media by Britam management. It is a tricky situation I am just speculating and weighing all possibilities. It is a tough one to read. Just hoping I don't get trampled under the battling elephants.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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researchfirst wrote:Spikes wrote:Spikes wrote:murchr wrote:researchfirst wrote:murchr wrote:The FY news will be terrible. My point is just how terrible and why? Fair value losses in investment income is a given. The company has said it and said they are going to reduce equities as a percentage of their portfolio. Fine. I want to know what happened with underwriting income, growth rates in Kenya and other markets, etc. You can make that judgement from HY1 results. H2 was more rough, but wait for it, the numbers will not lie then give it a few months for another downwards revision as its the usual case. Last year, they made their announcement on the 20th day of March...what is keeping them tight lipped? I think they have been quiet negotiating and sealing the 25% Mauritian deal. Since agreement is now public expect announcement anytime from now. As I know Kenyans are mischievous. They can exaggerate unrealised losses to create a worst impression on financial performance of Britam. Once the deal is completed and that Mauritian government is screwed up properly a revision of the results will surface to the media by Britam management. It is a tricky situation I am just speculating and weighing all possibilities. It is a tough one to read. Just hoping I don't get trampled under the battling elephants. The only fear for Wanjiko now is being caught up at cross fire of the mighty. I think management are preparing on how to release FY 2015 results without spoiling market mood on this counter. But I again maintain Wanjiko is in a dilemma. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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These britam chaps are smart. If u wanted to buy the 25% stake would you rather buy at 30.00 per share or 10.00 per share? After this announcement I now believe the share have been pushed down for the purpose of arm twisting the seller to sell at a lower price. They have time that the seller doesn't. Seller wants to pay off ponzi scheme victims. Well played by them. Let's wait for the sell price, though it might be hushed. On the flip side, the share should rally when the dust settles. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:These britam chaps are smart. If u wanted to buy the 25% stake would you rather buy at 30.00 per share or 10.00 per share?
After this announcement I now believe the share have been pushed down for the purpose of arm twisting the seller to sell at a lower price. They have time that the seller doesn't. Seller wants to pay off ponzi scheme victims.
Well played by them. Let's wait for the sell price, though it might be hushed.
On the flip side, the share should rally when the dust settles. Which means that the big fish believe in Britam as Mauritian Finance minister explains that existing shareholders did not want a third party to buy the Dawood Rawat stake. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:Aguytrying wrote:These britam chaps are smart. If u wanted to buy the 25% stake would you rather buy at 30.00 per share or 10.00 per share?
After this announcement I now believe the share have been pushed down for the purpose of arm twisting the seller to sell at a lower price. They have time that the seller doesn't. Seller wants to pay off ponzi scheme victims.
Well played by them. Let's wait for the sell price, though it might be hushed.
On the flip side, the share should rally when the dust settles. Which means that the big fish believe in Britam as Mauritian Finance minister explains that existing shareholders did not want a third party to buy the Dawood Rawat stake. And it is widely known the third party probably from South Africa was to bring goodies in form of premium as high as 70%. http://www.businessdaily...750/-/6aa6x/-/index.htmlJohn 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 8/16/2011 Posts: 2,357
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Aguytrying wrote:These britam chaps are smart. If u wanted to buy the 25% stake would you rather buy at 30.00 per share or 10.00 per share?
After this announcement I now believe the share have been pushed down for the purpose of arm twisting the seller to sell at a lower price. They have time that the seller doesn't. Seller wants to pay off ponzi scheme victims.
Well played by them. Let's wait for the sell price, though it might be hushed.
On the flip side, the share should rally when the dust settles. Thnks for repeating what I told them elsewhere on my Britam post. That is the real game to punish the mauritius Govt for assuming politics in private business. The more time it takes the more people de-trust that govt.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Realtreaty wrote:Aguytrying wrote:These britam chaps are smart. If u wanted to buy the 25% stake would you rather buy at 30.00 per share or 10.00 per share?
After this announcement I now believe the share have been pushed down for the purpose of arm twisting the seller to sell at a lower price. They have time that the seller doesn't. Seller wants to pay off ponzi scheme victims.
Well played by them. Let's wait for the sell price, though it might be hushed.
On the flip side, the share should rally when the dust settles. Thnks for repeating what I told them elsewhere on my Britam post. That is the real game to punish the mauritius Govt for assuming politics in private business. The more time it takes the more people de-trust that govt. Yeah I saw your post that was exactly the same message on the other britam thread. We must be right. I'll be looking to see how the top 10 shareholders list changes The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Dawood Rawat shafted into the sand by his own Mauritian government! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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When the hunter becomes the hunted! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Britam's Asset Manager shows FY after tax up 26%
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