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Briatm, Britam, Britam sounds like sweet candy!
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Queen
#1211 Posted : Thursday, May 28, 2020 9:14:58 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
winmak wrote:
Queen wrote:
rwitre wrote:
Deep pockets taking advantage of bear to mop up and increae their holdings.

a.k.a averaging down kamikaze style Laughing out loudly

Quote:
AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.

Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.

The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion.


Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation.


Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt.


But Africinvest are large faceless corporations that don’t feel pain of loss paper or otherwise


They are not so faceless.
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kmucheke
#1212 Posted : Wednesday, July 15, 2020 5:37:21 PM
Rank: Member

Joined: 3/16/2019
Posts: 313
Quote:
Payment of KES 0.25 first and final dividend Jul 03 2020


Britam dividend,anybody?
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Ericsson
#1213 Posted : Thursday, August 20, 2020 9:49:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Thursday, August 20, 2020 10:00 AM | Reason: Not specified
KaunganaDoDo
#1214 Posted : Thursday, August 20, 2020 10:06:08 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
Ericsson wrote:
Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html


They are so embarrassed by the results that they have blurred them...so that they are not legible
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  | | Edit by moderator: Thursday, August 20, 2020 10:50 AM | Reason: url space
Queen
#1215 Posted : Friday, August 21, 2020 9:20:37 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html[/quote]

This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.
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Ericsson
#1216 Posted : Friday, August 21, 2020 9:50:53 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Queen wrote:
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html[/quote]

This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.


And a big property portfolio with low occupancy.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#1217 Posted : Friday, August 21, 2020 10:47:06 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
What happened to the sweet candy smile
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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Queen
#1218 Posted : Friday, August 21, 2020 10:58:06 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
Queen wrote:
[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn

https://www.nse.co.ke/issuer-announcements.html[/quote]

This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.


And a big property portfolio with low occupancy.


Yes that one is a white elephant.
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Ericsson
#1219 Posted : Friday, August 21, 2020 11:03:49 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
What happened to the sweet candy smile


Sweet became bitterLaughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Queen
#1220 Posted : Friday, August 21, 2020 11:47:41 AM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
Ericsson wrote:
Angelica _ann wrote:
What happened to the sweet candy smile


Sweet became bitterLaughing out loudly


There was a time it was being referred to as Britank in these streets.
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