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Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Kausha wrote: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. When will the strategic investor come in to be milked by Plum ? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Spikes wrote:Kausha wrote: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. When will the strategic investor come in to be milked by Plum ? Not to be shared with the rest of the shareholders. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/3/2016 Posts: 132
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Kausha wrote: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. Isn't that precisely what Plum was quoted saying in the Reuters link posted in the thread? "The partners of Plum LLP ... determined to purchase the acquisition shares so as to provide Britam and its shareholders the time they require to identify a strategic investor with the institutional fit to drive Britam's growth in the future," Plum said.http://www.reuters.com/a...uity-plum-idUSL8N1950KQ
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Spikes wrote: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 . I don't engage in monkey business. BRIT & TCL are just telling stories without substance. The market can remain irrational for a while, but eventually it reverts back to balance in the long run.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/3/2016 Posts: 132
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Plimsoul wrote:Kausha wrote: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. Isn't that precisely what Plum was quoted saying in the Reuters link posted in the thread? "The partners of Plum LLP ... determined to purchase the acquisition shares so as to provide Britam and its shareholders the time they require to identify a strategic investor with the institutional fit to drive Britam's growth in the future," Plum said.http://www.reuters.com/a...uity-plum-idUSL8N1950KQ
Actually Reuters got it from the public announcement. Point 5.
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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VituVingiSana wrote:In other words, the 'ordinary' shareholder, who is not an insider, has been cut out from buying the shares at a discounted price.  It was willing seller willing buyer case here. The Mauritius did put the offer for sale to the public and Munga so it was good to increase his investment. Business person, clever chap. That why the share price went down with the force of Gravity call translation theory making Mauritian to drop it quick to save money. That where i brought the word if anyone can recall "SCREW the Mauritian Gov"
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Another EA Cables/Merali scenario coming up. Sehemu ndio nyumba
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Mainat wrote:Another EA Cables/Merali scenario coming up.   You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many. I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out. Infact the shares were floated and you did not buy them and you accuse Munga? Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!!
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Rank: Elder Joined: 6/23/2009 Posts: 13,551 Location: nairobi
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Realtreaty wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many. I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out. Infact the shares were floated and you did not buy them and you accuse Munga? Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!! even with that patriotic ode. the share tips further lower today until we get to know how much each share was traded at by the Mauritius govt
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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obiero wrote:Realtreaty wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many. I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out. Infact the shares were floated and you did not buy them and you accuse Munga? Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!! even with that patriotic ode. the share tips further lower today until we get to know how much each share was traded at by the Mauritius govt Downward spiral pull continues... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Realtreaty wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many. I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out. Infact the shares were floated and you did not buy them and you accuse Munga? Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!! Wow! Now after that long rant praising Munga... Have the ordinary/minority been shafted? Yes. The shares should have been offered to ALL the shareholders in proportion to their shareholding. The insiders knew. The others do not know the inner workings, assets and liabilities. As @Maint said ... Another Merali-like deal. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Spikes wrote:obiero wrote:Realtreaty wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many. I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out. Infact the shares were floated and you did not buy them and you accuse Munga? Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!! even with that patriotic ode. the share tips further lower today until we get to know how much each share was traded at by the Mauritius govt Downward spiral pull continues... No, No way For sure a rise is guaranteed knowing that the game is home and Rawat influence is out. I project it will touch 15 very soon if not today. We got the information that we are out of the woods!!!
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Assume Munga is having 9,000,000,000 Kes to buy what is 23.3% (452504000)shares from Mauritian Govt at the time of sale floating. My Maths teacher would basically write on the blackboard the answer as 19.90kes per Share if the deal was direct. To us we can now believe if tax and commissions were paid then per share it would range from 17-19.90 with 18 being the most appropriate. God bless Munga
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Realtreaty wrote:Assume Munga is having 9,000,000,000 Kes to buy what is 23.3% (452504000)shares from Mauritian Govt at the time of sale floating. My Maths teacher would basically write on the blackboard the answer as 19.90kes per Share if the deal was direct. To us we can now believe if tax and commissions were paid then per share it would range from 17-19.90 with 18 being the most appropriate. God bless Munga Where did the amount of 9bn come from? An assumption. I think Munga got this for KES 10-12 from the Mauritians who just wanted out. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Mainat wrote:Another EA Cables/Merali scenario coming up. i nowadays don't take wazuans seriously, people will get rich as we remain pessimistic, negativity is a fatal human psychological thing "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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mlennyma wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. i nowadays don't take wazuans seriously, people will get rich as we remain pessimistic, negativity is a fatal human psychological thing Most wazuans are haters! Everything is either a scandal or pyramid scheme If Obiero did it, Who Am I?
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Swenani wrote:mlennyma wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. i nowadays don't take wazuans seriously, people will get rich as we remain pessimistic, negativity is a fatal human psychological thing Most wazuans are haters! Everything is either a scandal or pyramid scheme KQ, HAFR, ADSS, Merali, etc NBK - Scams galore. KenGen - Drilling manenos & tenders. Another one coming called Nairobi Business Ventures. Olympia - Check my posts. Chase Bond. Imperial Bond. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Swenani wrote:mlennyma wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. i nowadays don't take wazuans seriously, people will get rich as we remain pessimistic, negativity is a fatal human psychological thing Most wazuans are haters! Everything is either a scandal or pyramid scheme Except Alternative Investments  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Swenani wrote:mlennyma wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. i nowadays don't take wazuans seriously, people will get rich as we remain pessimistic, negativity is a fatal human psychological thing Most wazuans are haters! Everything is either a scandal or pyramid scheme kelele ya chura britam heads up ex div and past 14 "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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mlennyma wrote:Swenani wrote:mlennyma wrote:Mainat wrote:Another EA Cables/Merali scenario coming up. i nowadays don't take wazuans seriously, people will get rich as we remain pessimistic, negativity is a fatal human psychological thing Most wazuans are haters! Everything is either a scandal or pyramid scheme kelele ya chura britam heads up ex div and past 14 Mnyambo wa punda. Punda amechoka jameni! Now getting serious to business, this is a botched rally. It is going nowhere. Mating session was declared over. Wait a rally for another rumours cycle. No news enough to lift the excitement. 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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