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Briatm, Britam, Britam sounds like sweet candy!
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Ericsson
#281 Posted : Wednesday, July 22, 2015 12:24:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
The company was grossly overvalued compared to the peers.
When the bear market checks in they suffer the most.
Similar happening at CIC.
If UAP was listed it could have suffered the same fate;how is the share price trading at the OTC at 200;issued shares is 211mn giving it a mkt cap of ksh.42.2bn.
Profit before tax was ksh.2.3bn
Net profit after tax was ksh.1.67bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#282 Posted : Wednesday, July 22, 2015 12:26:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Share price should be half at maximum
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Fyatu
#283 Posted : Wednesday, July 22, 2015 12:35:14 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Wake me up when the bear has mauled this thing to sub 9
Dumb money becomes dumb only when it listens to smart money
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Realtreaty
#284 Posted : Wednesday, July 22, 2015 4:18:00 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
d'oh! Sad Blood @NSE
My No-272 post here has been "focused on"

Obama visit to push activity at NSE- analysts
Time to clean the red slaughter house at NSE.
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mwenza
#285 Posted : Wednesday, July 22, 2015 4:50:46 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
mkonomtupu wrote:
mkonomtupu wrote:
mwenza wrote:
mwenza wrote:
Ericsson wrote:
Britam's head of asset management Edwin Dande has resigned.
Jude Anyiko has taken over in an acting capacity.



Meanwhile 25.50 prints....unbelievable!



...and now 26 bob pap with a massive demand and an extremely thin supply.

Is this going to be one of those stealthy counters which escape the radar of Wazuans?


In the market they say when a company builds a new head office, gets a fountain and flag pole it's time to sell the shares. For Britam and Centum I would want to hear from the head of risk management before touching. I have never liked companies doing acquisitions and mergers left and right


Always remember what the market says when a company builds a new head office with a fountain and a flag pole it's time to sell the shares. Lessons


Some people failed to spot the "flag pole" and bought this thing @39 bob just the other day.
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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mwenza
#286 Posted : Wednesday, July 22, 2015 5:05:26 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
mwenza wrote:
VituVingiSana wrote:
sageauk wrote:
Realtreaty wrote:
Applause Applause The Candy touches 30 kes and going! Who told me I was a dreamer????????????????smile Laughing out loudly Laughing out loudly


British-American Investments Prev: 29.50 Today:32.00

d'oh! d'oh! d'oh! I sold out. And what sort of growth is needed to support this price?



Am also outta here! Nice ride.

IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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mwenza
#287 Posted : Wednesday, July 22, 2015 5:09:47 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
Realtreaty wrote:
....and the candy projectile is still ON. This may go the Panafrican way. I see it stabilizing at 78-96 Kes as the most fairer price dependent on Britam fundamentals.The best thing is that Britam is making money and using that money to bring in new businesses.
Today it has touched the highs of 37.
Who said Realtreaty is a dreamer??? ...Haa...I keep dreaming!!!


Keep dreaming but Wazua never forgets....
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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hisah
#288 Posted : Thursday, July 23, 2015 7:54:07 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Realtreaty wrote:
d'oh! Sad Blood @NSE
My No-272 post here has been "focused on"

Obama visit to push activity at NSE- analysts
Time to clean the red slaughter house at NSE.

I'll keep repeating this until it's clear. Hopium lamestream articles are not market fundies.

The Obama visit has nothing to do with the market's sombre mood. Even if the GES summit runs for a month the market will still be down.

The CB has cut the market legs with madness rate hikes in a negative growing econ. That's a recession blueprint. Plain and simple, markets always slump in a recession period.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#289 Posted : Thursday, July 23, 2015 8:12:08 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
The company was grossly overvalued compared to the peers.
When the bear market checks in they suffer the most.
Similar happening at CIC.
If UAP was listed it could have suffered the same fate;how is the share price trading at the OTC at 200;issued shares is 211mn giving it a mkt cap of ksh.42.2bn.
Profit before tax was ksh.2.3bn
Net profit after tax was ksh.1.67bn

Applause
Exactly the reason why I sold UAP when Centum cashed in. Why would Centum cash in their jewel unless it was ripe for harvest? Old mutual bought at a premium price. Do they know what they're doing? Only time will tell.

@200 UAP's trailing PER is 28. What is the justification for this excessive overvaluation? Nothing. Just greed floating the price beyond fundies. This is why one has to be cautious with OTC price disconnects. UAP would be falling like britam if it was in the NSE. Actually britam looks better vs UAP with the current metrics. This coming from the one that has been bearish britam since Sept 2014...

@mukiri, this is why I sold UAP.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Realtreaty
#290 Posted : Thursday, July 23, 2015 9:53:48 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
smileMarkets are quick to react/Reactive every now and then. The BEAR is running looking for a shelter. Obama "just" address will push interest to Business Kenya and rush to buy back will awaken a quiet Bull.
Next week people will have the urge to buy into Kenya knowing elections are too far 2017 and may want to cash in after a first good harvest. The re-shoot of Britam will be like Savannah Grass after a shower.
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sparkly
#291 Posted : Thursday, July 23, 2015 9:56:58 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Realtreaty wrote:
smileMarkets are quick to react/Reactive every now and then. The BEAR is running looking for a shelter. Obama "just" address will push interest to Business Kenya and rush to buy back will awaken a quiet Bull.
Next week people will have the urge to buy into Kenya knowing elections are too far 2017 and may want to cash in after a first good harvest. The re-shoot of Britam will be like Savannah Grass after a shower.


I like your optimism smile
Life is short. Live passionately.
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Othelo
#292 Posted : Thursday, July 23, 2015 10:04:37 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
sparkly wrote:
Realtreaty wrote:
smileMarkets are quick to react/Reactive every now and then. The BEAR is running looking for a shelter. Obama "just" address will push interest to Business Kenya and rush to buy back will awaken a quiet Bull.
Next week people will have the urge to buy into Kenya knowing elections are too far 2017 and may want to cash in after a first good harvest. The re-shoot of Britam will be like Savannah Grass after a shower.


I like your optimism smile

Kept on reading.... i like your opium! d'oh!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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hisah
#293 Posted : Friday, July 24, 2015 10:55:54 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Trading @14.20 setting a new as lower lows continue to print. The selling acceleration is sliping too fast as we get into the capitulation cycle!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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maka
#294 Posted : Friday, July 24, 2015 11:06:42 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
Trading @14.20 setting a new as lower lows continue to print. The selling acceleration is sliping too fast as we get into the capitulation cycle!


Man this is crazy....what!!!
possunt quia posse videntur
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Othelo
#295 Posted : Friday, July 24, 2015 11:16:22 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
maka wrote:
hisah wrote:
Trading @14.20 setting a new as lower lows continue to print. The selling acceleration is sliping too fast as we get into the capitulation cycle!


Man this is crazy....what!!!

Enticing for recovery, quick bucks Drool
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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mawinder
#296 Posted : Friday, July 24, 2015 1:34:13 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Othelo wrote:
maka wrote:
hisah wrote:
Trading @14.20 setting a new as lower lows continue to print. The selling acceleration is sliping too fast as we get into the capitulation cycle!


Man this is crazy....what!!!

Enticing for recovery, quick bucks Drool

Bought at 23, sold early this year at 20.Let me wait for it to print 5 Bob then buy.Even at 14 some who bought in 2013 at 5 bob have made a profit.
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Ericsson
#297 Posted : Friday, July 24, 2015 2:25:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
@hisah
South Africans are famous in buying overvalued companies in Kenya.
Access Kenya
UAP
You made a kill in selling UAP;even Centum knew going forward it would have been hard to sell that block of shares at the trading floor.
A hands up to them for the gain they booked
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Realtreaty
#298 Posted : Friday, July 24, 2015 3:52:10 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
Pray Sad Sad
ITS BLOOD ON THE FLOOR THE CYCLE IS ON FOR ALL!!!!!!
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murchr
#299 Posted : Friday, July 24, 2015 7:25:41 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Only when the tide goes out do you discover who's been swimming naked.

Warren Buffett


"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Aguytrying
#300 Posted : Saturday, July 25, 2015 8:54:00 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@Realtreaty. At what p/e and p/b is it trading at now?
The investor's chief problem - and even his worst enemy - is likely to be himself
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