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Briatm, Britam, Britam sounds like sweet candy!
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actuarywahisa
#1061 Posted : Monday, January 09, 2017 9:59:16 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
Pesa Nane wrote:
For records



sparkly wrote:

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.


Doesn't the notice state that the deal is subject to approval by the shareholders and the regulator?
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Spikes
#1062 Posted : Monday, January 09, 2017 10:03:09 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
And coming up is corporate action that adds value to Britam....



https://www.standardmedi...-britam-products-in-pact
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Ericsson
#1063 Posted : Monday, January 09, 2017 10:42:12 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
[quote=Spikes]And coming up is corporate action that adds value to Britam....



https://www.standardmedi...britam-products-in-pact[/quote]

Has no effect on share price which is still falling
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#1064 Posted : Monday, January 09, 2017 1:53:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
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.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#1065 Posted : Monday, January 09, 2017 2:09:39 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
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.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.


Yes, lack of cash to buy more is the problem below NAV is the problem.
Life is short. Live passionately.
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VituVingiSana
#1066 Posted : Monday, January 09, 2017 3:14:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
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.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.


Yes, lack of cash to buy more is the problem below NAV is the problem.

Then you should have said so instead of trying to blame the "monied shareholder" who paid a huge (50%) premium to the Market Price. What's the NAV of Britam?

Plus why would significant (& wealthy) shareholders like Wairegi, Mwangi, Mbaru, Munga, et al agree to a sale below (published) NAV unless they know something we do not.

Based on the above, I am NOT buying Britam shares until I see the 2016 results and the terms of the IFC purchase. Good luck.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#1067 Posted : Monday, January 09, 2017 8:34:31 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
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.
IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-.


Yes, lack of cash to buy more is the problem below NAV is the problem.

Then you should have said so instead of trying to blame the "monied shareholder" who paid a huge (50%) premium to the Market Price. What's the NAV of Britam?

Plus why would significant (& wealthy) shareholders like Wairegi, Mwangi, Mbaru, Munga, et al agree to a sale below (published) NAV unless they know something we do not.

Based on the above, I am NOT buying Britam shares until I see the 2016 results and the terms of the IFC purchase. Good luck.


The minorities are being shafted.
Life is short. Live passionately.
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hisah
#1068 Posted : Wednesday, January 11, 2017 12:28:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
IFC excitement wiped out...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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muandiwambeu
#1069 Posted : Wednesday, January 11, 2017 1:06:23 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
hisah wrote:
IFC excitement wiped out...

Wana hisa wamekataa kula IFC laced brits and sukari ndani ya NSE cinema.Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
,Behold, a sower went forth to sow;....
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VituVingiSana
#1070 Posted : Wednesday, January 11, 2017 1:12:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
KenRe vs Britam. I have made my choice. Based on the remarks by the CEO at the 1H briefing, I expect a dividend of 85-100 cents for FY 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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