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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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Britam holdings results are out but no discussion???
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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It has just popped up - oh my Wamae.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Terrible.... possunt quia posse videntur
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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No wonder it took so long. Will the constant 0.30/- dividend assuage investor's pain? Surprisingly, detail shows culprits were: - fair value losses on investments, negating 40% growth in premiums - 32% growth in insurance claim expenses - 45% growth in operating expenses 
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Rank: Member Joined: 1/14/2014 Posts: 178
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Top line is impressive but as @Muganda points out, there are some serious concerns in the middle lines. This should have been on another category like "Loss Warning" not "Profit Warning'. 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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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Finance costs jumped from ksh.350mn to 802mn. The company is heavily reliant on its two major portfolios of Equity Bank and Housing Finance whose share prices have suffered a beating. If it had good diversification like Jubilee,UAP and Pan African Holdings a loss would have been avoided. If u look at the retained earnings in the balance sheet it's at the margins ksh.2.2bn compared to its peers who have much smaller business and balance sheet size and their retained earnings are much bigger. In summary the company's financial performance poor.New strategy is needed This company financial results swings is playing russian roulette Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... possunt quia posse videntur
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... I am not so sure. Price has already taken a huge hit over the past year. The bad news has already been priced in and today's results didn't have any big surprises. We all knew the losses on the listed equities would be there. I still think this counter is a good buy at these prices.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days I think 12 to 13 range is much more likely. Results were better than expected and there's a dividend. No reason for a hit, particularly of that magnitude.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! Time to scamper for safety is now at least I can see pockets of PPT. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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REVERSE ORGASMIC. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Spikes wrote:mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! The bid/ask ratio in the order book right now is 74/26. Bids range from 11.10 to 11.60 (demand for 115,000 shares above 11.50). Ask range is 11.95 to 13.00 with supply bunched at 11.95, 12.30 and 13.00. I see no negative momentum.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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researchfirst wrote:Spikes wrote:mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Mapema boss...how many investors out there can chambua the results like guys have done here?What will be in the papers kesho or business news today? Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! The bid/ask ratio in the order book right now is 74/26. Bids range from 11.10 to 11.60 (demand for 115,000 shares above 11.50). Ask range is 11.95 to 13.00 with supply bunched at 11.95, 12.30 and 13.00. I see no negative momentum. possunt quia posse videntur
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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maka wrote:researchfirst wrote:Spikes wrote:mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Mapema boss...how many investors out there can chambua the results like guys have done here?What will be in the papers kesho or business news today? Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! The bid/ask ratio in the order book right now is 74/26. Bids range from 11.10 to 11.60 (demand for 115,000 shares above 11.50). Ask range is 11.95 to 13.00 with supply bunched at 11.95, 12.30 and 13.00. I see no negative momentum. That demand will vanish faster than your excitement to remain put. Pull out! 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:maka wrote:researchfirst wrote:Spikes wrote:mlennyma wrote:maka wrote:mlennyma wrote:researchfirst wrote:1. Core business increased by 38% (insurance up 40%, regional business up 153%, asset management revenue up 3%).
2. Realised investment income up 31%.
3. Group asset base up 7%.
4. AUM for asset management business up 66%.
5. Fair value loss on financial assets of Shs 2.8 billion.
6. Flat dividend.
7. I expect solid performance of listed assets in 2016.
Taken all together, I think these results are very encouraging actually. you would expect britam to be the top loser today but not the case so far,i personally don't take the paper loss on equities seriously ,there is potential to announce 300% profit jump in coming years Mapema boss...how many investors out there can chambua the results like guys have done here?What will be in the papers kesho or business news today? Give it time...price will most def take a hit... i also think we will see 9 or there about in coming days It is obvious Britam must obey the charts! The bid/ask ratio in the order book right now is 74/26. Bids range from 11.10 to 11.60 (demand for 115,000 shares above 11.50). Ask range is 11.95 to 13.00 with supply bunched at 11.95, 12.30 and 13.00. I see no negative momentum. That demand will vanish faster than your excitement to remain put. Pull out! Doesn't matter to me. I think the company has very solid prospects for 2016 and beyond. If price takes a hit now, I'll be buying. This share is undervalued as is. Any further slide would just be icing on the cake.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Heavy price hit on the way. Discounts turning premium.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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whiteowl wrote:Heavy price hit on the way. Discounts turning premium. A time will come but not now! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
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