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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess. Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning. @spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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hisah wrote:I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.
Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.
@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials. are you bearish on the whole market or on financials? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.
Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.
@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials. I have archived this thread for future reference. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:hisah wrote:I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.
Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.
@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials. are you bearish on the whole market or on financials? Financials. But if financials are sick the market also doesn't perform well thus why I've been suggesting one has to be very picky.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ukiona umepata faida kidogo sell. This market is sometimes irrational. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Hello Joined: 1/7/2016 Posts: 8
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Spikes wrote:Ukiona umepata faida kidogo sell. This market is sometimes irrational. The loss was reflected in the share price when Britam announced the profit warning last year. Now that the investors have seen the financials and the news that the Rawat stake is being bought, they have stopped selling. Looking at the core business, the company is growing. The coming bull market will have the net profit in this stock at high levels saana..
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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rutechura wrote:Spikes wrote:Ukiona umepata faida kidogo sell. This market is sometimes irrational. The loss was reflected in the share price when Britam announced the profit warning last year. Now that the investors have seen the financials and the news that the Rawat stake is being bought, they have stopped selling. Looking at the core business, the company is growing. The coming bull market will have the net profit in this stock at high levels saana.. When is the next bull? 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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hisah wrote:I still maintain my target of 6.00 handle, which is generous after seeing the results. How long the market remains irrational is anyone's guess.
Financials are a shorting magnet at the moment until this banking drama washes out for the recovery to beginning.
@spikes, remember to remind me by year end if I'm a lunatic for being so bearish on financials. I am now seconding the above idea! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Bought at 11.9 and am ready to sell at 13.5, just this settlement period is killing me
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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watesh wrote:Bought at 11.9 and am ready to sell at 13.5, just this settlement period is killing me Britam is likely to record good first half and return to 20s,I bought some at 10.90 and was waiting below this,can't touch it above 11 let it go we divorce for good "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 11/23/2011 Posts: 15
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Somebody tell us what is the rallying about...ama nitumie sixth sense? Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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kenyariri wrote:Somebody tell us what is the rallying about...ama nitumie sixth sense? Impulsive rapid rise in price. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Spikes wrote:kenyariri wrote:Somebody tell us what is the rallying about...ama nitumie sixth sense? Impulsive rapid rise in price. I think the biggest worry was that settled Mauritius issue "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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I am still waiting for a price of sub 9 Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Fyatu wrote:I am still waiting for a price of sub 9 This is pure speculation dealing with high beta stock. I hope you get the understanding of volatility here. Very risky. You can see people cancelling buy and sell orders. Very very risky. Time will tell! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 6/15/2013 Posts: 301
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Spikes wrote:Fyatu wrote:I am still waiting for a price of sub 9 This is pure speculation dealing with high beta stock. I hope you get the understanding of volatility here. Very risky. You can see people cancelling buy and sell orders. Very very risky. Time will tell! wahh @13.30...huge volumes or the small wanjiku trades??
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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mulla wrote:Spikes wrote:Fyatu wrote:I am still waiting for a price of sub 9 This is pure speculation dealing with high beta stock. I hope you get the understanding of volatility here. Very risky. You can see people cancelling buy and sell orders. Very very risky. Time will tell! wahh @13.30...huge volumes or the small wanjiku trades?? Big volumes. Total turnover of 4.6 million from 344,400 shares traded in 48 trades.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Spikes wrote:Fyatu wrote:I am still waiting for a price of sub 9 This is pure speculation dealing with high beta stock. I hope you get the understanding of volatility here. Very risky. You can see people cancelling buy and sell orders. Very very risky. Time will tell! We need one of the chart-ists e.g., @hisah to draw us a cartoon of this thing. What we are experiencing now is a mini bull before a major plunge...talk of fattening the pig before the great slaughter Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Fyatu wrote:Spikes wrote:Fyatu wrote:I am still waiting for a price of sub 9 This is pure speculation dealing with high beta stock. I hope you get the understanding of volatility here. Very risky. You can see people cancelling buy and sell orders. Very very risky. Time will tell! We need one of the chart-ists e.g., @hisah to draw us a cartoon of this thing. What we are experiencing now is a mini bull before a major plunge...talk of fattening the pig before the great slaughter I have a pal who is loading even @ 13....smh anyway might turn out positive for him... possunt quia posse videntur
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Oh my! Britam FY 2015 comprehensive loss of 3.2bn
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