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Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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Spikes wrote:obiero wrote:obiero wrote:researchfirst wrote:Spikes wrote:mlennyma wrote:mlennyma wrote:researchfirst wrote:This discussion is becoming ridiculous. Actually read the article in BD, there are no "shocking revelations" and there is absolutely nothing in it to indicate that "Brtiam is run like a personal property." Some wazuans in this discussion are just upset that they bailed too early on the stock and are now (and have been for a while) desperately trying to talk the stock down to buy back in. It has not worked so far and is not going to work. Britam is an undervalued stock with a promising future. It will hit 18 this year. and by the look of things 14 to print will be a fierce battle the fight is still whether to lose the 14 handle as I predicted and I expect a slight dive after books close before a comeback to fight losing 14 once more After books close next stop is @Researchfirst's buy price. I'll consult cartoons whether to jump in or wait for a deeper slide. @spikes. I don't think so. I am still confident we are heading to 18. Historically, BRIT rebounds very quickly from a minor selloff at book closure. Some may argue that the ride may be a bit more bumpy this year because of profit taking from recent rally, but I'm not convinced. There has been a lot of supply that refused to come down from the 15 mark. You took your profits, but a lot did not. All those buyers who jumped in when you sold (13.50?) are still holding on. 14 has been stubborn and I think this is where the fight will continue to take place. That said, you may be surprised to hear from me that I actually tend to agree with you on the H1 results. I don't think they are going to be so spectacular as to be a catalyst for a major move up. My argument is rather that the main reason BRIT took a dive in 2015 was Rawat. That issue will be fully and finally cleared at AGM. As I see it, we will hold at around 14 now (with a bias to the upside), get a bump after AGM, and a bump after H1 (which will be better than FY15 and will pull some institutional guys back in). From then - assuming election stuff does not get out of control and tank the whole market - I think a rising tide will lift all ships. In BRIT's case, right to my 18 mark. 13.5 clocked today. the share is on yassers list. buy at own peril. will go sub 13.5 on Tuesday. thank me later @obiero you tend to analyse other stocks properly only KQ you go wrong. Thanks @spikes.. KQ will turn, I am close to key sources of information. That's why I sold the initial lot of over 60,000 shares and rebuilt on lower price entry..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@research. The daily following of price and demand supply is an exercise in futility. It is near impossible to predict the direction and things can change in minutes/ hours not even days. Remember in the short term the market is a voting machine but in the long term it's a weighing machine. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Aguytrying wrote:@research. The daily following of price and demand supply is an exercise in futility. It is near impossible to predict the direction and things can change in minutes/ hours not even days.
Remember in the short term the market is a voting machine but in the long term it's a weighing machine. Thank you. My point exactly!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:@research. The daily following of price and demand supply is an exercise in futility. It is near impossible to predict the direction and things can change in minutes/ hours not even days.
Remember in the short term the market is a voting machine but in the long term it's a weighing machine. ...voting machine...weighing machine. The inverse is also true. 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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Spikes wrote:Aguytrying wrote:@research. The daily following of price and demand supply is an exercise in futility. It is near impossible to predict the direction and things can change in minutes/ hours not even days.
Remember in the short term the market is a voting machine but in the long term it's a weighing machine. ...voting machine...weighing machine. The inverse is also true. No its not. Understand that quote, it has a great lesson within it. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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researchfirst wrote:Aguytrying wrote:@research. The daily following of price and demand supply is an exercise in futility. It is near impossible to predict the direction and things can change in minutes/ hours not even days.
Remember in the short term the market is a voting machine but in the long term it's a weighing machine. Thank you. My point exactly! @Researchfirst kujipa moyo nayo? 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:researchfirst wrote:Aguytrying wrote:@research. The daily following of price and demand supply is an exercise in futility. It is near impossible to predict the direction and things can change in minutes/ hours not even days.
Remember in the short term the market is a voting machine but in the long term it's a weighing machine. Thank you. My point exactly! @Researchfirst kujipa moyo nayo? @spikes. I'm hanging in there. My reasoning is this, I think BRIT is going to hit 18 in the relatively near future. My avg price is 10.75, so I have plenty of room to survive ups and downs in the short term. I can sell at 13 and still make 20% on a holding I've had for two and half months. Selling at 16.80 during the crazy recent rally on the assumption that it would fall back down to 11/12 was not something I believed in. I thought then, and still think, the stock will remain stubborn around 14 with pressure upwards. Given that, I made a call to stay in rather than try to time things perfectly. We'll see how it all turns out. But as I have said before, whether it is at 14.50 or 13.50 today or tomorrow or Friday doesn't make a huge difference to me. I still firmly believe in my valuation and my 18 call. With commissions etc. I'll come out better having held rather than jump in/jump out. You took your profits (13.5?) and may or may not jump back in. We can compare at the 18 mark and see whose strategy gave the bigger return! 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Plum LLP will acquire around 452.5 Million(23%) of Britam ordinary shares. This brings its total holding in Britam To 38.54% possunt quia posse videntur
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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maka wrote:Plum LLP will acquire around 452.5 Million(23%) of Britam ordinary shares. This brings its total holding in Britam To 38.54% New music to our ears for the year 2016 Now the news are filtering in http://www.reuters.com/article/...quity-plum-idUSL8N1950KQPrivately-held Kenyan fi...y 23 pct stake in BritamReason we will be past 18 by September
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Who are the directors and owns of PLUM LLP. 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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Ericsson wrote:Who are the directors and owns of PLUM LLP.
Plum Holdings is associated with Peter Munga, Filimbi Limited - an investment vehicle owned by Mr Munga and the wife to Equity Bank CEO James Mwangi - and Equity Holdings. The transaction valued at Sh6.3 billion based on Britam’s present share price of Sh14 per unit is expected to be completed by end of next month. http://www.businessdaily...04/-/aryqr1/-/index.html
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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researchfirst wrote:[quote=Ericsson]Who are the directors and owns of PLUM LLP.
Plum Holdings is associated with Peter Munga, Filimbi Limited - an investment vehicle owned by Mr Munga and the wife to Equity Bank CEO James Mwangi - and Equity Holdings. The transaction valued at Sh6.3 billion based on Britam’s present share price of Sh14 per unit is expected to be completed by end of next month. http://www.businessdaily...4/-/aryqr1/-/index.html[/quote] Best time to buy at around the lowest price in a bear market
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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watesh wrote:researchfirst wrote:Ericsson wrote:Who are the directors and owns of PLUM LLP.
Plum Holdings is associated with Peter Munga, Filimbi Limited - an investment vehicle owned by Mr Munga and the wife to Equity Bank CEO James Mwangi - and Equity Holdings. The transaction valued at Sh6.3 billion based on Britam’s present share price of Sh14 per unit is expected to be completed by end of next month. http://www.businessdaily...4/-/aryqr1/-/index.html
Best time to buy at around the lowest price in a bear market Quote:The transaction valued at Sh6.3 billion based on Britam’s present share price of Sh14 per unit is expected to be completed by end of next month.
March 31 2016: Mauritius to sell stake seized from Britam shareholder
Quote:“They came to Mauritius and they said to us that they are willing to buy those shares themselves, this has been done,” Bhadain said in comments posted on parliament's website.
A memorandum of understanding has been signed between both parties and the minister said the “money is going to hit the bank account this week and then there is a second part which is going to be paid by April 30."
I thought the payment was done on April 30th. Now the date has been moved to end of July. Comedy central 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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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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hisah wrote:watesh wrote:researchfirst wrote:Ericsson wrote:Who are the directors and owns of PLUM LLP.
Plum Holdings is associated with Peter Munga, Filimbi Limited - an investment vehicle owned by Mr Munga and the wife to Equity Bank CEO James Mwangi - and Equity Holdings. The transaction valued at Sh6.3 billion based on Britam’s present share price of Sh14 per unit is expected to be completed by end of next month. http://www.businessdaily...4/-/aryqr1/-/index.html
Best time to buy at around the lowest price in a bear market Quote:The transaction valued at Sh6.3 billion based on Britam’s present share price of Sh14 per unit is expected to be completed by end of next month.
March 31 2016: Mauritius to sell stake seized from Britam shareholder
Quote:“They came to Mauritius and they said to us that they are willing to buy those shares themselves, this has been done,” Bhadain said in comments posted on parliament's website.
A memorandum of understanding has been signed between both parties and the minister said the “money is going to hit the bank account this week and then there is a second part which is going to be paid by April 30."
I thought the payment was done on April 30th. Now the date has been moved to end of July. Comedy central
@hisah I think it was conspiracy between Britam (K) and government of Mauritius to spur a rally. I believe somebody -most likely Britam (K) directors - must have been promised kickbacks as usual. Shafting continues... 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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Plum LLP members
1. P.M.
2. Filimbi Ltd which comprises of P.M and J.M (Wife to Equity group CEO) based on 50:50 shareholding structure.
3. Equity Group Holdings Ltd - P.M is the chairman.
In short P.M. is the one to bag-hold this entire deal similar to C.K's Centum majority acquisition with a takeover exemption.
Let's see how this PPT works out as support is being enforced at 14.00 handle.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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obiero wrote:Spikes wrote:obiero wrote:obiero wrote:researchfirst wrote:Spikes wrote:mlennyma wrote:mlennyma wrote:researchfirst wrote:This discussion is becoming ridiculous. Actually read the article in BD, there are no "shocking revelations" and there is absolutely nothing in it to indicate that "Brtiam is run like a personal property." Some wazuans in this discussion are just upset that they bailed too early on the stock and are now (and have been for a while) desperately trying to talk the stock down to buy back in. It has not worked so far and is not going to work. Britam is an undervalued stock with a promising future. It will hit 18 this year. and by the look of things 14 to print will be a fierce battle the fight is still whether to lose the 14 handle as I predicted and I expect a slight dive after books close before a comeback to fight losing 14 once more After books close next stop is @Researchfirst's buy price. I'll consult cartoons whether to jump in or wait for a deeper slide. @spikes. I don't think so. I am still confident we are heading to 18. Historically, BRIT rebounds very quickly from a minor selloff at book closure. Some may argue that the ride may be a bit more bumpy this year because of profit taking from recent rally, but I'm not convinced. There has been a lot of supply that refused to come down from the 15 mark. You took your profits, but a lot did not. All those buyers who jumped in when you sold (13.50?) are still holding on. 14 has been stubborn and I think this is where the fight will continue to take place. That said, you may be surprised to hear from me that I actually tend to agree with you on the H1 results. I don't think they are going to be so spectacular as to be a catalyst for a major move up. My argument is rather that the main reason BRIT took a dive in 2015 was Rawat. That issue will be fully and finally cleared at AGM. As I see it, we will hold at around 14 now (with a bias to the upside), get a bump after AGM, and a bump after H1 (which will be better than FY15 and will pull some institutional guys back in). From then - assuming election stuff does not get out of control and tank the whole market - I think a rising tide will lift all ships. In BRIT's case, right to my 18 mark. 13.5 clocked today. the share is on yassers list. buy at own peril. will go sub 13.5 on Tuesday. thank me later @obiero you tend to analyse other stocks properly only KQ you go wrong. Thanks @spikes.. KQ will turn, I am close to key sources of information. That's why I sold the initial lot of over 60,000 shares and rebuilt on lower price entry.. 13.55 today was sighted. tomorrow we crack. the exchange bar always runs ahead of all others
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:Plum LLP members
1. P.M.
2. Filimbi Ltd which comprises of P.M and J.M (Wife to Equity group CEO) based on 50:50 shareholding structure.
3. Equity Group Holdings Ltd - P.M is the chairman.
In short P.M. is the one to bag-hold this entire deal similar to C.K's Centum majority acquisition with a takeover exemption.
Let's see how this PPT works out as support is being enforced at 14.00 handle.
@hisah you are likely to miss this vehicle defying your lunatic theory of 6/- after a big plunge . John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 2/8/2007 Posts: 808
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Using some common sense in reading the text and a bit of mosaic theory, this tells me this is a temporary transaction meant to clear the way for the strategic investor to come in. What we should be asking ourselves is how much did Plum pay for the stake and how much is it likely to be sold to the strategic investor.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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In other words, the 'ordinary' shareholder, who is not an insider, has been cut out from buying the shares at a discounted price. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Briatm, Britam, Britam sounds like sweet candy!
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