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Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Why aren't other shareholders given an opportunity to increase their holdings, preventing the dilution... Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. World bank gives Britam loan which is converted to equity and results in dilution to other shareholders. I thought with James Mwangi and Peter Munga being shareholders here,it wont reach to this. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. World bank gives Britam loan which is converted to equity and results in dilution to other shareholders. I thought with James Mwangi and Peter Munga being shareholders here,it wont reach to this. James Mwangi,Benson Wairegi, Peter Munga and Jimnah Mbaru are done with eating. Now what is left is a shell loaded with debt Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:Ebenyo wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. World bank gives Britam loan which is converted to equity and results in dilution to other shareholders. I thought with James Mwangi and Peter Munga being shareholders here,it wont reach to this. James Mwangi,Benson Wairegi, Peter Munga and Jimnah Mbaru are done with eating. Now what is left is a shell loaded with debt Britam and kqs project mawingu just sailing same boat. Spend thrift fatty cats never makes investors money.  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. It's sad really
KQ ABP 4.26
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Rank: Member Joined: 2/8/2007 Posts: 808
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obiero wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. It's sad really Media may have it wrong. I believe IFC is buying the Mungai-scom stake from rawat hence no dilution and effectively a sign of upside to current price. Certainly IFC have come in at a decent illiquidity discount. Britam value could be around 18.
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. How did we arrive at Britam 'going burst'? I see no indicators whatsoever.
BBI will solve it :)
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Briatm, Britam, Britam sounds like sweet candy!
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