Britam mulling a ksh.5 billion rights issue for real estate projects.

May they heavily discount this else they get an undersubscription like in the IPO

Since investors are still selling it may seesaw around 8.0 (down 7.90 and up 8.40) for this year and start being a John walker by end of December and a Kipchoge by Feb 2014

Britam acquires 25pc stake in property developer

•Britam will now claim a quarter of Acorn’s profits, with Acorn becoming an associate company of the investment firm.

•Acorn is a major player in Kenya’s real estate sector, developing and managing properties for clients such as Coca-Cola East Africa, Deloitte East Africa and Equity Bank.

•Real estate has become one of the fastest growing sectors over the last decade, fuelled by a burgeoning middle class.

Britam will one day become the investment vehicle for many investors and soom they might enter in patrnership with Russian Reinssance to cater for the Tatu where Britam may buy 15% of the share holding or even buy out one of those Directors who have stalled the investment kick off! They have land in city surburbs and might be scouting for more to be the Emaar Property Developer of Dubai here in kenya.