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Britam FY 2014 PAT grows by 22.7%

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watesh		#41 Posted : Saturday, April 25, 2015 10:42:23 AM
Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya		murchr wrote: Boris Boyka wrote: murchr wrote: Pesa Nane wrote: Tihihi Quote: The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million... Hii ni mchezo. So PAT grew a mere 7.86% Enyewe business in 2014 haikuwa ya m*** ya NSE firms. Toa 342m kwanza Haha now not regretting selling all my shares in this company at 35. Bad news all over, will stock up a pile of cash and speculate the right entry point once it takes a huge hit
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ike		#42 Posted : Saturday, April 25, 2015 11:39:27 AM
Rank: Member Joined: 7/2/2014 Posts: 123		murchr wrote: Boris Boyka wrote: murchr wrote: Pesa Nane wrote: Tihihi Quote: The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million... Hii ni mchezo. So PAT grew a mere 7.86% Enyewe business in 2014 haikuwa ya m*** ya NSE firms. Toa 342m kwanza and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air ,
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murchr		#43 Posted : Saturday, April 25, 2015 3:34:43 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		hisah wrote: Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself. Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present. @pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear. This britam saga is just beginning! Atleast Rawat has resigned. @ike...companies never buy back overvalued shares. "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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Angelica _ann		#44 Posted : Saturday, April 25, 2015 3:54:25 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,909		Cyton story has not been resolved yet.... 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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hisah		#45 Posted : Sunday, April 26, 2015 10:11:51 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		murchr wrote: hisah wrote: Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself. Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present. @pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear. This britam saga is just beginning! Atleast Rawat has resigned. @ike...companies never buy back overvalued shares. Who resigned? The big fish Rawat or small fish Rawat? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana		#46 Posted : Sunday, April 26, 2015 11:34:25 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi		hisah wrote: murchr wrote: hisah wrote: Restating of accounts, several profit dips, several profit warnings, flat profit and some losses here and there means the market has run ahead of itself. Bulls are still in disbelief as the bull trap tightens. The market is ripe for harvest. Very few bargains are present. @pesanane - Ai Caramba! I'm shocked by what you've posted about britam audited results. This is madness!! Britam drama is likely to be the 2011 CMC drama. For those that forgot the recent history, 2011 unleashed a swift bear. This britam saga is just beginning! Atleast Rawat has resigned. @ike...companies never buy back overvalued shares. Who resigned? The big fish Rawat or small fish Rawat? The nephew. Small-fish Rawat. Big-fish bado but he will have no choice. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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whiteowl		#47 Posted : Monday, April 27, 2015 12:07:58 AM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		ike wrote: murchr wrote: Boris Boyka wrote: murchr wrote: Pesa Nane wrote: Tihihi Quote: The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million... Hii ni mchezo. So PAT grew a mere 7.86% Enyewe business in 2014 haikuwa ya m*** ya NSE firms. Toa 342m kwanza and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air This restatement is a pace setter.Soon companies will be restating by 1 billion or more!
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enyands		#48 Posted : Monday, April 27, 2015 1:47:20 AM
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya		whiteowl wrote: ike wrote: murchr wrote: Boris Boyka wrote: murchr wrote: Pesa Nane wrote: Tihihi Quote: The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million... Hii ni mchezo. So PAT grew a mere 7.86% Enyewe business in 2014 haikuwa ya m*** ya NSE firms. Toa 342m kwanza and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air This restatement is a pace setter.Soon companies will be restating by 1 billion or more! The mauratian govt is going to take ownership of the the 24% http://www.standardmedia...fugitive-holds-in-britam
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dunkang		#49 Posted : Monday, April 27, 2015 6:24:23 AM
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831		BRITAM is another HomeAfrika and/or Transcentury Receive with simplicity everything that happens to you.” ― Rashi
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hisah		#50 Posted : Monday, April 27, 2015 6:51:53 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		enyands wrote: whiteowl wrote: ike wrote: murchr wrote: Boris Boyka wrote: murchr wrote: Pesa Nane wrote: Tihihi Quote: The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million... Hii ni mchezo. So PAT grew a mere 7.86% Enyewe business in 2014 haikuwa ya m*** ya NSE firms. Toa 342m kwanza and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air This restatement is a pace setter.Soon companies will be restating by 1 billion or more! The mauratian govt is going to take ownership of the the 24% http://www.standardmedia...ugitive-holds-in-britam If that news bite is true britam's largest shareholder becomes the Mauritius govt without an EGM?? Also big fish (Dawood) resignation is still pending. The upcoming AGM will be tense. The ongoing drama is not something that the board can easily wish away. The restating of accounts is already highlighting the pressure cooker conditions. But will cma really corner britam with direct relationships at the apex on both sides? Conflict of interest et al. How will a son take down daddy? Very murky situation, but makes for intense drama... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat		#51 Posted : Monday, April 27, 2015 7:08:54 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Both Rawats have resigned from Britam according to their DN advert Sehemu ndio nyumba
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enyands		#52 Posted : Monday, April 27, 2015 7:18:36 AM
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya		hisah wrote: enyands wrote: whiteowl wrote: ike wrote: murchr wrote: Boris Boyka wrote: murchr wrote: Pesa Nane wrote: Tihihi Quote: The Group's 2014 financial statements were published on 20 March 2015..........after the announcement and publication of the results, the auditors advised the Board of an issue with respect to the measurement of the carrying value of a local associate company...... the Board has considered the advice and restated the financial statements resulting in a reduction in the previously reported profit after tax by Shs 342 million... Hii ni mchezo. So PAT grew a mere 7.86% Enyewe business in 2014 haikuwa ya m*** ya NSE firms. Toa 342m kwanza and that these are the same guys who want share buybacks legalized.... if they were to value their companies we would have outrageous valuations on hot air This restatement is a pace setter.Soon companies will be restating by 1 billion or more! The mauratian govt is going to take ownership of the the 24% http://www.standardmedia...ugitive-holds-in-britam If that news bite is true britam's largest shareholder becomes the Mauritius govt without an EGM?? Also big fish (Dawood) resignation is still pending. The upcoming AGM will be tense. The ongoing drama is not something that the board can easily wish away. The restating of accounts is already highlighting the pressure cooker conditions. But will cma really corner britam with direct relationships at the apex on both sides? Conflict of interest et al. How will a son take down daddy? Very murky situation, but makes for intense drama... I have a feeling that big guys of centum smelled ddanger from a distance and tthat's why the shares were disposed quick and poor wanjiku was hanging on without knowing what was coming. J. Mbaru also disposed some % during that same ttime. WWanjiku didn't know why. The truth is finally out
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hisah		#53 Posted : Monday, April 27, 2015 7:28:02 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Mainat wrote: Both Rawats have resigned from Britam according to their DN advert Good. I like good drama. Should be better than CMC. Next AGM shouting contest. Refusal to adopt board proposals coming up. The volatility in this counter will be interesting. Whiplash price action will crash speculators. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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jawgey		#54 Posted : Monday, April 27, 2015 7:40:34 AM
Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark		hisah wrote: Mainat wrote: Both Rawats have resigned from Britam according to their DN advert Good. I like good drama. Should be better than CMC. Next AGM shouting contest. Refusal to adopt board proposals coming up. The volatility in this counter will be interesting. Whiplash price action will crash speculators. venue and date of the AGM.. ? I'll need to be there Seeing is believing
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Pesa Nane		#55 Posted : Monday, April 27, 2015 12:12:30 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Funny that the regulator should receive and keep to themselves such an important notice ONLY to unleash after a week (after publication in the dailies) Pesa Nane plans to be shilingi when he grows up.
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maka		#56 Posted : Monday, April 27, 2015 1:48:20 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Pesa Nane wrote: Funny that the regulator should receive and keep to themselves such an important notice ONLY to unleash after a week (after publication in the dailies) The regulator... possunt quia posse videntur
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Mainat		#57 Posted : Monday, April 27, 2015 1:56:26 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Muthaura and son/s Sehemu ndio nyumba
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murchr		#58 Posted : Monday, April 27, 2015 2:16:32 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Pesa Nane #34 Posted : Friday, April 24, 2015 7:38:21 PM wrote: Going, going, gone! Where did you get this? "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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Pesa Nane		#59 Posted : Monday, April 27, 2015 2:28:17 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		The Britam Story (Google the Simon Makonde Story) Figures, dates, etc not warrantied FY2013 Released: EPS Ksh 1.40 FY2013 Restated: EPS Ksh 1.21 CYTONN happened: HY2014 Released: PAT Kshs 2.746Bn FY2014 Released: PAT Kshs 2.8Bn, EPS Ksh 1.47 Register Closure: 03 April 2015 Register Closure: Restated to 12 June 2015 (announced post earlier closure) AGM: 30 April 2015 AGM: Restated to 26 June 2015 Mauritius Happened FY2014 Restated: Ksh. 324Mn shave off, PAT Ksh 2.5Bn, EPS Ksh. 1.31 Moussa Rawat resigns as director Britam Issue public announcement "to clarify..." Dawood Rawat resigns as director (notice appears a week later) Britam CEO...... Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane		#60 Posted : Monday, April 27, 2015 2:44:52 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		murchr wrote: Pesa Nane #34 Posted : Friday, April 24, 2015 7:38:21 PM wrote: Going, going, gone! Where did you get this? Please @murchr do not 'visit' me, the information is public Links: Mr. Moussa I. Rawat Links: Mr. Dawood A. Rawat Pesa Nane plans to be shilingi when he grows up.
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