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Briatm, Britam, Britam sounds like sweet candy!
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Spikes
#501 Posted : Tuesday, April 05, 2016 6:54:23 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Spikes wrote:
Realtreaty wrote:
Now I know why they are holding the FY15 Results keeping me leaking and licking my fingers after holding the candy for so long and getting it melt/thaw on my fingers to the ground.
The suspense may result in a flat dividend.
The only hiccup is to explain how the shares were bought. Could Britan have bought them from the reserves?


Can Britam use the Rawat stock to pay investors as bonus in the ratio 1:10?


@RealTreaty your argument is also a possibility. But do we need ordinary or special general meeting to ratify that move which was not the case?

If the reserves were used to buy Dawood Rawat stake the subsequent bonus shares, if any, may have not material dilution to existing ownership.

When management comes out strongly to issue a good news statement like using reserves to take up Dawood stake, bonus issue, expansionary plans and flat-like dividends expect a rocket rally. I can't imagine Wanjiko surviving the upward stampede of the titans as supply runs dry!

However, using reserves by a company to buy its own stock is like a buyback. In Kenya company law, buyback was put on hold by AG. I think this is the hurdle that move opinionated by @RealTreaty faces.



The Kenyan scenario might have given HNWI room to buy the Mauritian fugitive's stake.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#502 Posted : Tuesday, April 05, 2016 9:54:47 AM
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Joined: 7/21/2010
Posts: 6,194
Location: nairobi
When did you lastly ride this kind of a charged bull in a single counter???i see 20 whatever the bear size
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#503 Posted : Tuesday, April 05, 2016 10:03:50 AM
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Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Manipulation of a pump and dump before the full year results are released.
Mafias not joking
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#504 Posted : Tuesday, April 05, 2016 10:07:14 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Manipulation of a pump and dump before the full year results are released.
Mafias not joking

honestly iam not inside i feel like a bull watching the other matingSad
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#505 Posted : Tuesday, April 05, 2016 10:11:15 AM
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Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
@mlennyma
And you start feeling as if u were the one mating
Hahaha hahaha hahaha
Usijali your time will come
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#506 Posted : Tuesday, April 05, 2016 10:18:26 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
@mlennyma
And you start feeling as if u were the one mating
Hahaha hahaha hahaha
Usijali your time will come

now you catch my eye and you seem to know the feeling
"Don't let the fear of losing be greater than the excitement of winning."
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Goldilocks Reloaded
#507 Posted : Tuesday, April 05, 2016 10:19:33 AM
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Joined: 1/14/2014
Posts: 178
The results should bring the bull crushing down before ermm...
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Goldilocks Reloaded
#508 Posted : Tuesday, April 05, 2016 10:24:30 AM
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Joined: 1/14/2014
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i.e. before the bull can take profits Laughing out loudly Angel
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Spikes
#509 Posted : Tuesday, April 05, 2016 10:25:29 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Goldilocks Reloaded wrote:
The results should bring the bull crushing down before ermm...


It depends on the items on the agenda of the results: think of bonus issue, flat cash dividend and possibly expansionary programme. A rocket rally is also likely more than the one you are witnessing in mammoth awe. I suspect the profit warning issued last year was an all-out scheme to shaft Mauritian government along with her fugitive Dawood Rawat and his nephew.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Ericsson
#510 Posted : Tuesday, April 05, 2016 10:26:46 AM
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Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
It will come down after the bull has finished mating and has gone to sleep due to exhaustion and can no longer undergo the mating process
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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