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Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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alotoftalk wrote:Betting that H1 2017 is a loss. Stick with Jubilee and Kenya Re if you want peace of mind 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:alotoftalk wrote:Betting that H1 2017 is a loss. Stick with Jubilee and Kenya Re if you want peace of mind Hii nyani itauliwa na finance cost.....Read the previous financial report keenly. Borrowing keeps broadening as Britam seeks PPT from IFC in form of creation of new shares! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 10/26/2015 Posts: 151
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Keep it going
EMMAR and DAMAC in Dubai are doing the same having constructions allover without a blink.
Let us have more development to Make Kenya a center for shoppers and Tourism
Soon we want to see individual Malls pick and drop shoppers from major hotels, companies etc
Some Kenyans are just peculiar and won't believe what happens in Dubai where hotels line up and all have occupancy rate of 65-95% annually thereby making money and employment
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Launched an exclusively phone based money market fund. Anyone signed up?
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Rank: New-farer Joined: 7/12/2016 Posts: 39 Location: Nairobi
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Old mutual has had a similar product called i-invest for a few years and with them its not only mmf but also balanced and equity fund & the minimum investment is 10 bob, not 1k like Britam. Though a product that has really impressed me with its innovativeness is CIC's Bima Credo, where buying airtime from them gets you a last expense cover that keeps increasing as you top up. Shak wrote:Launched an exclusively phone based money market fund. Anyone signed up?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Shak wrote:Launched an exclusively phone based money market fund. Anyone signed up? At wazua instead of putting money in mmf we invest in the NSE and sharpen each other Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ebenyo wrote:obiero wrote:Realtreaty wrote:When courting a new girl you show all your good characteristics and at no point you want her to see you are too greedy or irresponsible. Munga and Wairegi are doing just that welcoming a new investor, doing a good induction so that she can start working towards a common goal. The good is to provide Cash by IFC to finish the Tower and Other online projects (Real Estate may be to come up at Kajiado and other places where they own land)
I am informed the fall in price today is short lived and will be compensated by a rise to probably 18 Kshs by end of 2017
After the bank caps everyone seem to have gone down back to basics and the way forward is being taunted as Diversification. The Banks have entered other businesses apart from Banking services. My prayers are with you pastor obiero! Still praying for those trapped inside
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: 6/23/2009 Posts: 13,516 Location: nairobi
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Spikes wrote:Ebenyo wrote:alotoftalk wrote:My initial thought was Munga flipping his "Rawat" shares to IFC. But if these are newly created shares being subscribed for (j.mp/2i4HTa0) then my guess is that they ran into capital adequacy issues after resetting their FY reserves based on gross premium valuation methodology (which they adopted in the current year) plus mark-to-market of their portfolio and impairment of some of KES 3.2 Bn in deposits held with financial institutions a proportion of which must be at either Chase or Imperial.
The dilution by IFC therefore became a necessary evil.
The subscription date of 30/12/2016, a day just before the FY books close (31/12/2016) is also an interesting tidbit. They have played their game smart enough to hoodwink ignorant shareholders. When somebody hears 'world bank',feels like Jesus coming to your house physically to dine with u. This is massive dillution,and sooner or later there will be price correction. When KQ's MJ was joining the board, the market in its rendition perceived him as contemporary Jesus Christ of Nazareth. As a matter of fact the rally following the announcement afforded the likes of @Obiero to double their income. Equally traders are most likely to make a killing after IFC expressed interest in Britam stake. .. SMH
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: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:obiero wrote:Realtreaty wrote:obiero wrote:We warned people right here..  Britam not exceptional, its the whole market, even your bad KQ that you have amassed like glucose!!!  Lolest.. In the last quarter, KQ has dropped the least of all large caps under commercial and services.. But this is a britam thread Some people are jokers! Ati, KQ ni "Large Cap"... myStocks has KQ's valuation at 12.27bn. That's less than Equity's PBT for 6 months. My bad. KQ is a large cap. In fact the LARGEST CAP in Negative Equity! KQ now with positive equity and the 5th largest stock by market capitalization in East and Central Africa. KES 93B in market cap to be precise. Ukiona vyaelea.. Meanwhile @Realtreaty be strong though this one appears to be headed sub KES 10, hii pesa tutaiwacha yote hapa duniani
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Realtreaty wrote:obiero wrote:We warned people right here.. Britam not exceptional, its the whole market, even your bad KQ that you have amassed like glucose!!! Lolest.. In the last quarter, KQ has dropped the least of all large caps under commercial and services.. But this is a britam thread Some people are jokers! Ati, KQ ni "Large Cap"... myStocks has KQ's valuation at 12.27bn. That's less than Equity's PBT for 6 months. My bad. KQ is a large cap. In fact the LARGEST CAP in Negative Equity! KQ now with positive equity and the 5th largest stock by market capitalization in East and Central Africa. KES 93B in market cap to be precise. Ukiona vyaelea.. Meanwhile @Realtreaty be strong though this one appears to be headed sub KES 10, hii pesa tutaiwacha yote hapa duniani Even a kiosk which is given HUGE loans which are then converted to equity will have a huge "positive" equtiy. What was the total quantum of loans [GoK and KQLenders) converted to equity? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Shiiit kq tena on a discussion about britam Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:Shiiit kq tena on a discussion about britam BTW, slowly it seems Britam is joining the regular "restatement" crowd... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:Shiiit kq tena on a discussion about britam BTW, slowly it seems Britam is joining the regular "restatement" crowd... It's unfortunate
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:Shiiit kq tena on a discussion about britam BTW, slowly it seems Britam is joining the regular "restatement" crowd... It's unfortunate Then there's IFRS 9 and 17 coming up. Will Britam be a beneficiary or victim? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:Shiiit kq tena on a discussion about britam BTW, slowly it seems Britam is joining the regular "restatement" crowd... It's unfortunate Then there's IFRS 9 and 17 coming up. Will Britam be a beneficiary or victim? They will do a restatement for it Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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 Passed by Britam Tower and can tell they will open it this year. Are they paying the debt for late opening. How much space is sold now that we have so many building in Nairobi Will the Arab Majid Alfuttaim open a Carrefour Supermarket here? What has made the stock to stagnate after capping though others like KCB, Equity improved. The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Realtreaty wrote: Passed by Britam Tower and can tell they will open it this year. Are they paying the debt for late opening. How much space is sold now that we have so many building in Nairobi Will the Arab Majid Alfuttaim open a Carrefour Supermarket here? What has made the stock to stagnate after capping though others like KCB, Equity improved. The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging Britam will drop to 5/-tununue! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Spikes wrote:Realtreaty wrote: Passed by Britam Tower and can tell they will open it this year. Are they paying the debt for late opening. How much space is sold now that we have so many building in Nairobi Will the Arab Majid Alfuttaim open a Carrefour Supermarket here? What has made the stock to stagnate after capping though others like KCB, Equity improved. The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging Britam will drop to 5/-tununue! A penny stock speculator
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: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Realtreaty wrote: Passed by Britam Tower and can tell they will open it this year. Are they paying the debt for late opening. How much space is sold now that we have so many building in Nairobi Will the Arab Majid Alfuttaim open a Carrefour Supermarket here? What has made the stock to stagnate after capping though others like KCB, Equity improved. The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging Late opening is due to financial constraints The debt that they have has to be paid as construction is going on. How much space is sold is either zero or minimal. Real towers owned by britam is 20 storey and one floor is occupied. Carrefour is not opening a branch there. The stock has stagnated because of poor financial performance and plus the profit warning they issued. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Briatm, Britam, Britam sounds like sweet candy!
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