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Briatm, Britam, Britam sounds like sweet candy!
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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bomet_investor wrote:My BRITAM position is now down 33% and by the end of the week it could be down more. I am the least worried about this, in fact i hope it hits kshs. 10, then i will load up on BRITAM like there is not tommorow then sit and wait for this Mauritius shit to run its course. Nothing in the fundamentals of this company has changed, all this Bramer Bank stuff has nothing to do with BRITAM. Eventually, the stock will find its way back to its right price. Unless of course there is more that we don't know. Have you priced in the risk of the share getting suspended or worse delisted? If not reevaluate your risk model. Always plan for worst case scenarios so that you gauge if you can stand such a shock event.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn Sehemu ndio nyumba
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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hisah wrote:bomet_investor wrote:My BRITAM position is now down 33% and by the end of the week it could be down more. I am the least worried about this, in fact i hope it hits kshs. 10, then i will load up on BRITAM like there is not tommorow then sit and wait for this Mauritius shit to run its course. Nothing in the fundamentals of this company has changed, all this Bramer Bank stuff has nothing to do with BRITAM. Eventually, the stock will find its way back to its right price. Unless of course there is more that we don't know. Have you priced in the risk of the share getting suspended or worse delisted? If not reevaluate your risk model. Always plan for worst case scenarios so that you gauge if you can stand such a shock event.
De-listing is not likely. However, if found guilty the guy might be forced to sell his shareholding which stands at 20%. Imagine that! “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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hisah wrote:bomet_investor wrote:My BRITAM position is now down 33% and by the end of the week it could be down more. I am the least worried about this, in fact i hope it hits kshs. 10, then i will load up on BRITAM like there is not tommorow then sit and wait for this Mauritius shit to run its course. Nothing in the fundamentals of this company has changed, all this Bramer Bank stuff has nothing to do with BRITAM. Eventually, the stock will find its way back to its right price. Unless of course there is more that we don't know. Have you priced in the risk of the share getting suspended or worse delisted? If not reevaluate your risk model. Always plan for worst case scenarios so that you gauge if you can stand such a shock event.
@hisah... Clearly not everybody witnessed the collapse of KFB. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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bomet_investor wrote:My BRITAM position is now down 33% and by the end of the week it could be down more. I am the least worried about this, in fact i hope it hits kshs. 10, then i will load up on BRITAM like there is not tommorow then sit and wait for this Mauritius shit to run its course. Nothing in the fundamentals of this company has changed, all this Bramer Bank stuff has nothing to do with BRITAM. Eventually, the stock will find its way back to its right price. Unless of course there is more that we don't know.  @ Bomet...you are a good Vulture or Fisi. Today is a positive note and in green. Remember Professor Obel when he tested the first aids medicine that could reduce the virus multiplication and we black Kenyans doctors and sharp guys went for his head. He was bought by America and we now buy Antirovirus from America. Those sitting ducks who betrayed him are poorer than him today and some are dead from the aids virus Does it make any sense- we kenyans sacrifice our own for the benefit of others who never pay back but despise us. Kenyan IRA and AKI are moving faster that the agrieved Mauritians to fight our own.
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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 It will NEVER GONNA BE A CANDY CRUSH here. Wairegi ought to make it clear. For Kenya and Britam its business as usual. Bramer and Britam are two different entities. Bramer bank is never a Kenyan firm.
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Interesting point you have @Realtreaty, it should be business as usual here in Kenya as far as Britam is concerned. In fact if not for the PE the price should stay within the 20s.
However should Dawood Rawat - the single largest shareholder be forced to sell all his stake, then the supply might flood the market and significantly out-way the demand unless done in bits and that could drive the price down.
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Rank: Member Joined: 7/2/2014 Posts: 123
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Realtreaty wrote:bomet_investor wrote:My BRITAM position is now down 33% and by the end of the week it could be down more. I am the least worried about this, in fact i hope it hits kshs. 10, then i will load up on BRITAM like there is not tommorow then sit and wait for this Mauritius shit to run its course. Nothing in the fundamentals of this company has changed, all this Bramer Bank stuff has nothing to do with BRITAM. Eventually, the stock will find its way back to its right price. Unless of course there is more that we don't know. @ Bomet...you are a good Vulture or Fisi. Today is a positive note and in green. Remember Professor Obel when he tested the first aids medicine that could reduce the virus multiplication and we black Kenyans doctors and sharp guys went for his head. He was bought by America and we now buy Antirovirus from America. Those sitting ducks who betrayed him are poorer than him today and some are dead from the aids virus Does it make any sense- we kenyans sacrifice our own for the benefit of others who never pay back but despise us. Kenyan IRA and AKI are moving faster that the agrieved Mauritians to fight our own. ,
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Rank: Member Joined: 7/2/2014 Posts: 123
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Realtreaty wrote:bomet_investor wrote:My BRITAM position is now down 33% and by the end of the week it could be down more. I am the least worried about this, in fact i hope it hits kshs. 10, then i will load up on BRITAM like there is not tommorow then sit and wait for this Mauritius shit to run its course. Nothing in the fundamentals of this company has changed, all this Bramer Bank stuff has nothing to do with BRITAM. Eventually, the stock will find its way back to its right price. Unless of course there is more that we don't know. @ Bomet...you are a good Vulture or Fisi. Today is a positive note and in green. Remember Professor Obel when he tested the first aids medicine that could reduce the virus multiplication and we black Kenyans doctors and sharp guys went for his head. He was bought by America and we now buy Antirovirus from America. Those sitting ducks who betrayed him are poorer than him today and some are dead from the aids virus Does it make any sense- we kenyans sacrifice our own for the benefit of others who never pay back but despise us. Kenyan IRA and AKI are moving faster that the agrieved Mauritians to fight our own. ,
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Tall Order wrote:Interesting point you have @Realtreaty, it should be business as usual here in Kenya as far as Britam is concerned. In fact if not for the PE the price should stay within the 20s.
However should Dawood Rawat - the single largest shareholder be forced to sell all his stake, then the supply might flood the market and significantly out-way the demand unless done in bits and that could drive the price down. I have a feeling that the current (major) shareholders of Britam are plotting a takeover of the 20%. I prefer a sale on the NSE so I can get some at a cheap(er) price. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/25/2012 Posts: 110
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VituVingiSana wrote:Tall Order wrote:Interesting point you have @Realtreaty, it should be business as usual here in Kenya as far as Britam is concerned. In fact if not for the PE the price should stay within the 20s.
However should Dawood Rawat - the single largest shareholder be forced to sell all his stake, then the supply might flood the market and significantly out-way the demand unless done in bits and that could drive the price down. I have a feeling that the current (major) shareholders of Britam are plotting a takeover of the 20%. I prefer a sale on the NSE so I can get some at a cheap(er) price. @VituVingiSana I am of the same wish  There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Hello Joined: 3/7/2015 Posts: 8
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There will be no delisting, why would would there be? BRITAM has done nothing wrong, the only thing is that 23% shareholder is caught up in the Ponz scheme in Mauritius. At worst, the guy will be forced to sell his 23% stake at BRITAM which he will probably fight in court and will take years to resolve. Also, if he were to sell, it would never be done in the open market. It will be sold privately to "strategic investor" Or the Company itself could buy back the shares and retire them, this will be a win to the investors already in. Or they could do a rights issue, distribute it equally to existing shareholders. Go check who the owners of BRITAM are; Wairegi (6%), Dr. James Mwangi(4%), Jimna Mbaru (10%), Peter Munga(4%). Francis Muthaura is the board chair. BRITAM is going no where, if you are smart you buy BITAM now when the price isn depressed.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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bomet_investor wrote:There will be no delisting, why would would there be? BRITAM has done nothing wrong, the only thing is that 23% shareholder is caught up in the Ponz scheme in Mauritius. At worst, the guy will be forced to sell his 23% stake at BRITAM which he will probably fight in court and will take years to resolve. Also, if he were to sell, it would never be done in the open market. It will be sold privately to "strategic investor" Or the Company itself could buy back the shares and retire them, this will be a win to the investors already in. Or they could do a rights issue, distribute it equally to existing shareholders. Go check who the owners of BRITAM are; Wairegi (6%), Dr. James Mwangi(4%), Jimna Mbaru (10%), Peter Munga(4%). Francis Muthaura is the board chair. BRITAM is going no where, if you are smart you buy BITAM now when the price isn depressed. @ average price of 21 bob teren teren ..... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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/Back in August 2014 and then the prices topped out.
I'm watching the 3 boardrooms.$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: 13,516 Location: nairobi
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hisah wrote:/Back in August 2014 and then the prices topped out.
I'm watching the 3 boardrooms. HF was wise to offload Britam esp since its now being linked to a ponzi man
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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Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee
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:Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee Britam: Apr 29 2013 8.25 Currently 20/- KQ: Apr 29 2013 10.95 Currently 7.45 People who live in glass houses should not throw stones. Though @Obiero has a point from TODAY onwards. History is history. Not relevant to us today. 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:obiero wrote:Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee Britam: Apr 29 2013 8.25 Currently 20/- KQ: Apr 29 2013 10.95 Currently 7.45 People who live in glass houses should not throw stones. Though @Obiero has a point from TODAY onwards. History is history. Not relevant to us today. Hehe. Im not the one who caused KQ to drop. Thanks for the kind words.. Let history be history, though KQ shall go to back 100 bob in a few yrs
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: 8/16/2011 Posts: 2,297
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obiero wrote:VituVingiSana wrote:obiero wrote:Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee Britam: Apr 29 2013 8.25 Currently 20/- KQ: Apr 29 2013 10.95 Currently 7.45 People who live in glass houses should not throw stones. Though @Obiero has a point from TODAY onwards. History is history. Not relevant to us today. Hehe. Im not the one who caused KQ to drop. Thanks for the kind words.. Let history be history, though KQ shall go to back 100 bob in a few yrs @Obiero...since Rawat is seeking Medical attention and is an Old fellow, it would be easy to relieve him directorship in board and have him represented by someone else frendly to Britam and with Zero interest in Bramer bank. This is how Business work as in politics we think ahead. That kind of Idea will have made AKI and the rest allegations baseless. Again it will come to dawn to you that the Bramer issue is nothing more than Mauritius Politics. Rawat may have funded his defeated candidate in the concluded elections and is time to scare the roaches.
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Briatm, Britam, Britam sounds like sweet candy!
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