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Briatm, Britam, Britam sounds like sweet candy!
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Pesa Nane
#1031 Posted : Wednesday, January 04, 2017 11:10:38 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
For records

Pesa Nane plans to be shilingi when he grows up.
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hisah
#1032 Posted : Wednesday, January 04, 2017 11:24:37 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kausha wrote:
obiero wrote:
mlennyma wrote:
Ericsson wrote:
This just shows that half year results were cooked and sugar coated.

I will make my money and exit before munga exits,yesterday I was over 15% to the good

All the best @mlennyma the future belongs to the bold


This is dilute on number of shares basis but they are paying a signficant premium to the market suggesting the company is substantially undervalued at current market prices.

Brit remains an attractive target for global multinational insurance firms looking at market share in this region.

Ignore at your own peril but it will be one of the better performing stocks by half year. Take that to the bank.

IFC is a last resort funding source as a member of the world bank. This should not generate any excitement rather more queries on what is going in. Is Britam facing funds distress?

IFC was roped in the KQ rights issue back in 2012 to try and save the issue from flopping as it faced a serious NO BID situation. Fast forward to 2015, Stanlib I-REIT IPO also experienced a severe NO BID scenario and IFC was roped in to save the issue for it to float.

Nothing has changed for this golden handcuff. But for the market magicians to rope in IFC, indeed desperation has set in d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Pesa Nane
#1033 Posted : Wednesday, January 04, 2017 11:32:26 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
hisah wrote:

IFC is a last resort funding source as a member of the world bank. This should not generate any excitement rather more queries on what is going in. Is Britam facing funds distress?

IFC was roped in the KQ rights issue back in 2012 to try and save the issue from flopping as it faced a serious NO BID situation. Fast forward to 2015, Stanlib I-REIT IPO also experienced a severe NO BID scenario and IFC was roped in to save the issue for it to float.

Nothing has changed for this golden handcuff. But for the market magicians to rope in IFC, indeed desperation has set in d'oh!


Quote:
IFC to purchase minority stake in Britam

The International Finance Corporation (IFC) has entered into a share subscription agreement with Britam Holdings for 224.2MN shares (10.37% of issued ordinary share capital) at KES 15.85 per
share (KES 3.5BN). This represents a 58.85% premium on Britam’s closing price of KES 10.00 as at Friday 30th December 2016 and would place the deal at P/E and P/B multiples of 159.9x and 1.6x respectively. The deal is subject to regulatory and shareholder approvals. Currently, Britam trades at P/E and P/B multiples of 100.9x and 1.0x respectively against industry median P/E and P/B multiples of 9.39x and 1.11x respectively. (Source: NSE, DBIB Research)

Pesa Nane plans to be shilingi when he grows up.
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smitha
#1034 Posted : Wednesday, January 04, 2017 11:44:55 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Guys, quick question. I am currently invested in the Britam Money Market Fund. If Britam was ever to go bust, would my investment be ringfenced and protected? The funds are held with StanChart I believe.
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Ericsson
#1035 Posted : Wednesday, January 04, 2017 12:04:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@smitha;
If Britam goes burst your money is gone.
A liquidator will have to be appointed who will look into the assets and liabilities.
Dispose off some assets to first pay creditors then the balance will be used to pay you the policy holder.
Your investment is not ring fenced and protected by the mere fact they are held at stanchart
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1036 Posted : Wednesday, January 04, 2017 12:06:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Pesa Nane wrote:
For records




This just validates/justifies the Mauritius government claims that Rawat was running a ponzi scheme using depositors money.
Just look at the sequence of events
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#1037 Posted : Wednesday, January 04, 2017 12:07:41 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
@smitha;
If Britam goes burst your money is gone.
A liquidator will have to be appointed who will look into the assets and liabilities.
Dispose off some assets to first pay creditors then the balance will be used to pay you the policy holder.
Your investment is not ring fenced and protected by the mere fact they are held at stanchart

Money market fund is not a policy!!!!
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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Ericsson
#1038 Posted : Wednesday, January 04, 2017 12:14:32 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
@smitha;
If Britam goes burst your money is gone.
A liquidator will have to be appointed who will look into the assets and liabilities.
Dispose off some assets to first pay creditors then the balance will be used to pay you the policy holder.
Your investment is not ring fenced and protected by the mere fact they are held at stanchart

Money market fund is not a policy!!!!


Okay whichever but the key is any person whom Britam has their money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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actuarywahisa
#1039 Posted : Wednesday, January 04, 2017 2:58:49 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
The whole matter of finding the person who will agree to pump in money and the resulting dilution or the Ts&Cs that come with external money is something KQ shareholders will also need to grapple with sooner rather than later. And sadly I think the share will rally even then!
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Ericsson
#1040 Posted : Wednesday, January 04, 2017 4:01:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Share price fall has commenced
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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