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Briatm, Britam, Britam sounds like sweet candy!
Rank: Member Joined: 4/25/2012 Posts: 110
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VituVingiSana wrote:Tall Order wrote:Interesting point you have @Realtreaty, it should be business as usual here in Kenya as far as Britam is concerned. In fact if not for the PE the price should stay within the 20s.
However should Dawood Rawat - the single largest shareholder be forced to sell all his stake, then the supply might flood the market and significantly out-way the demand unless done in bits and that could drive the price down. I have a feeling that the current (major) shareholders of Britam are plotting a takeover of the 20%. I prefer a sale on the NSE so I can get some at a cheap(er) price. @VituVingiSana I am of the same wish  There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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Rank: Hello Joined: 3/7/2015 Posts: 8
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There will be no delisting, why would would there be? BRITAM has done nothing wrong, the only thing is that 23% shareholder is caught up in the Ponz scheme in Mauritius. At worst, the guy will be forced to sell his 23% stake at BRITAM which he will probably fight in court and will take years to resolve. Also, if he were to sell, it would never be done in the open market. It will be sold privately to "strategic investor" Or the Company itself could buy back the shares and retire them, this will be a win to the investors already in. Or they could do a rights issue, distribute it equally to existing shareholders. Go check who the owners of BRITAM are; Wairegi (6%), Dr. James Mwangi(4%), Jimna Mbaru (10%), Peter Munga(4%). Francis Muthaura is the board chair. BRITAM is going no where, if you are smart you buy BITAM now when the price isn depressed.
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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bomet_investor wrote:There will be no delisting, why would would there be? BRITAM has done nothing wrong, the only thing is that 23% shareholder is caught up in the Ponz scheme in Mauritius. At worst, the guy will be forced to sell his 23% stake at BRITAM which he will probably fight in court and will take years to resolve. Also, if he were to sell, it would never be done in the open market. It will be sold privately to "strategic investor" Or the Company itself could buy back the shares and retire them, this will be a win to the investors already in. Or they could do a rights issue, distribute it equally to existing shareholders. Go check who the owners of BRITAM are; Wairegi (6%), Dr. James Mwangi(4%), Jimna Mbaru (10%), Peter Munga(4%). Francis Muthaura is the board chair. BRITAM is going no where, if you are smart you buy BITAM now when the price isn depressed. @ average price of 21 bob teren teren ..... 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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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/Back in August 2014 and then the prices topped out.
I'm watching the 3 boardrooms.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 14,318 Location: nairobi
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hisah wrote:/Back in August 2014 and then the prices topped out.
I'm watching the 3 boardrooms. HF was wise to offload Britam esp since its now being linked to a ponzi man COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,318 Location: nairobi
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Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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obiero wrote:Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee Britam: Apr 29 2013 8.25 Currently 20/- KQ: Apr 29 2013 10.95 Currently 7.45 People who live in glass houses should not throw stones. Though @Obiero has a point from TODAY onwards. History is history. Not relevant to us today. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,318 Location: nairobi
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VituVingiSana wrote:obiero wrote:Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee Britam: Apr 29 2013 8.25 Currently 20/- KQ: Apr 29 2013 10.95 Currently 7.45 People who live in glass houses should not throw stones. Though @Obiero has a point from TODAY onwards. History is history. Not relevant to us today. Hehe. Im not the one who caused KQ to drop. Thanks for the kind words.. Let history be history, though KQ shall go to back 100 bob in a few yrs COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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obiero wrote:VituVingiSana wrote:obiero wrote:Mainat wrote:I recall a discussion here re Cytonn. I maintain the issues are with the Britam peeps not with Cytonn If the 23% guy oversaw collapse of a whole bank, why would I trust the plans he has for Britam. Its time to sell. I warned you guys 2years ago.. Its time to flee Britam: Apr 29 2013 8.25 Currently 20/- KQ: Apr 29 2013 10.95 Currently 7.45 People who live in glass houses should not throw stones. Though @Obiero has a point from TODAY onwards. History is history. Not relevant to us today. Hehe. Im not the one who caused KQ to drop. Thanks for the kind words.. Let history be history, though KQ shall go to back 100 bob in a few yrs @Obiero...since Rawat is seeking Medical attention and is an Old fellow, it would be easy to relieve him directorship in board and have him represented by someone else frendly to Britam and with Zero interest in Bramer bank. This is how Business work as in politics we think ahead. That kind of Idea will have made AKI and the rest allegations baseless. Again it will come to dawn to you that the Bramer issue is nothing more than Mauritius Politics. Rawat may have funded his defeated candidate in the concluded elections and is time to scare the roaches.
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Briatm, Britam, Britam sounds like sweet candy!
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