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Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Spikes wrote:mashalliah wrote:Bought at 10.95 and sold at 13.20,, boarded again at 13.50,,19-24 mark is a MUST for this stock . @hisah are you still immune from being branded 21st century lunatic if Britam does not reverse to 5/- per share? this gain has slipped me even as the share rallied and came down to pick me ,hata kizungu nimesahau "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Spikes wrote:mashalliah wrote:Bought at 10.95 and sold at 13.20,, boarded again at 13.50,,19-24 mark is a MUST for this stock . @hisah are you still immune from being branded 21st century lunatic if Britam does not reverse to 5/- per share? My lunatic call is on the banks. As for britam, the bounce is expected (50% fibo bounce from 10.00 handle). But I still stand with my call as below.
HY EPS was down 77% from 1.45 to 0.32. Assuming H2 finishes as H1 that means EPS will be 0.64 (0.32x2). Current insurance sector PER is 8.6. But out of generosity let's give BRIT a PER of 10. Share price = EPS x PER = 0.64 x 10 = KES 6.40. Avoid the unnecessary noise and stay focused otherwise the market magicians will skin you alive!
Trailing EPS is -0.5. Unless the market pulls off a fast one, I don't see how the EPS will go above 0.64. At the current price of 15.25 the PER = 30.5. The mystery around that Rawat shareholding is still out there. Why would someone trust such owners who keep the cards so hidden for a public listed firm?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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-30.5 Something is brewing "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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mlennyma wrote:Spikes wrote:mashalliah wrote:Bought at 10.95 and sold at 13.20,, boarded again at 13.50,,19-24 mark is a MUST for this stock . @hisah are you still immune from being branded 21st century lunatic if Britam does not reverse to 5/- per share? this gain has slipped me even as the share rallied and came down to pick me ,hata kizungu nimesahau Bought at average price of 10.75 and have held. Still will, despite 42% return on paper so far. There have been a lot of baseless attempts in this thread, and the other one that was active for awhile, to talk the stock down, but the fundamentals always indicated that it was undervalued. We're just getting into fair value zone now. Long way to go before BRIT is overvalued.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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the stock has already rallied enough for harvest, making any negative analysis immaterial for a short termer. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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The last few pages of this thread make for interesting reading. It will be a nice recap on the bear run on britam in some time to come. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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lochaz-index wrote:The last few pages of this thread make for interesting reading. It will be a nice recap on the bear run on britam in some time to come.  The bear didn't eat Britam, actually Britam fever came from a bad investor accused elsewhere (Bramer Bank director) who is also a Britam Director and run away thieving staff(Cyton). Britam was at par with NIC, NSE and Coop Bank. If we could factor in bear then Britam would have rested at 22 minimum. So I feel it still has big space to climb in the next 4 months.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Realtreaty wrote:lochaz-index wrote:The last few pages of this thread make for interesting reading. It will be a nice recap on the bear run on britam in some time to come. The bear didn't eat Britam, actually Britam fever came from a bad investor accused elsewhere (Bramer Bank director) who is also a Britam Director and run away thieving staff(Cyton). Britam was at par with NIC, NSE and Coop Bank. If we could factor in bear then Britam would have rested at 22 minimum. So I feel it still has big space to climb in the next 4 months. Britam rests on speculation. Its exposure to HFCK and EQUITY banks will see its H1 performance shrink further in the coming months. Owners of Britam have remained quiet on Mauritian stake sale. Uncertainty at this point is paramount as anything is possible from fattening the cow for slaughter to negative news hitting the counter. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Britam also needs a change of management to inject fresh blood and new ideas. I still don't understand why it's so much heavily invested in Equity bank anf HF. There are other better counters which it could have diversified and had shares in them to try and balance/reduce the loss. Resilient counters like safaricom Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:Britam also needs a change of management to inject fresh blood and new ideas.
I still don't understand why it's so much heavily invested in Equity bank anf HF.
There are other better counters which it could have diversified and had shares in them to try and balance/reduce the loss.
Resilient counters like safaricom EQUITY bank has a culture of coping business model of its competitors. Very soon they may go KCB way for a cash call for expansionary programmes. Massive dilution will sweep away Britam stake. Watch and learn! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Briatm, Britam, Britam sounds like sweet candy!
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