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Briatm, Britam, Britam sounds like sweet candy!
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sparkly
#1051 Posted : Saturday, January 07, 2017 3:40:30 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.
Life is short. Live passionately.
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Kausha
#1052 Posted : Sunday, January 08, 2017 8:11:14 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.


IFC paid a huge premium to the market price. The dilution to NAV when they are paying a premium to market price isn't that negative to me. I highly suspect there is more corporate activity on this counter.
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sparkly
#1053 Posted : Sunday, January 08, 2017 4:56:12 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Kausha wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.


IFC paid a huge premium to the market price. The dilution to NAV when they are paying a premium to market price isn't that negative to me. I highly suspect there is more corporate activity on this counter.


Market price in a bear market is not a good benchmark.
Life is short. Live passionately.
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VituVingiSana
#1054 Posted : Sunday, January 08, 2017 5:11:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,437
Location: Nairobi
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#1055 Posted : Sunday, January 08, 2017 10:47:44 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
IFC investing is good news...current majority shareholders need to be minority shareholders before I invest in this chip!
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Ebenyo
#1056 Posted : Monday, January 09, 2017 5:05:32 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,022
Location: Kitale
[quote=the deal]IFC investing is good news...current majority shareholders need to be minority shareholders before I invest in this chip![/quote

This is not good news,its massive dillution.They took a loan from world bank which was converted into equity by creation of new shares.
Towards the goal of financial freedom
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obiero
#1057 Posted : Monday, January 09, 2017 7:22:52 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
the deal wrote:
IFC investing is good news...current majority shareholders need to be minority shareholders before I invest in this chip!

I had missed you @thedeal
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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sparkly
#1058 Posted : Monday, January 09, 2017 9:07:46 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.


Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then someone comes and dilutes you.
Life is short. Live passionately.
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sparkly
#1059 Posted : Monday, January 09, 2017 9:14:17 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Realtreaty wrote:
Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!!


Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out.

If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK.


Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.
Life is short. Live passionately.
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the deal
#1060 Posted : Monday, January 09, 2017 9:50:50 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Ebenyo wrote:
[quote=the deal]IFC investing is good news...current majority shareholders need to be minority shareholders before I invest in this chip![/quote

This is not good news,its massive dillution.They took a loan from world bank which was converted into equity by creation of new shares.


Which ever way you look at it this is better than a rights issue in a bear market or a bond in a high yield environment...I think this is the cheapest & quickest way they could have raised money...this is a bailout...you should be happy IFC rescued this struggling company...remember Chase Bank...someone recently came out & spoke about Housing Finance...I don't trust Housing Finances books
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