@spikes. I don't think so. I am still confident we are heading to 18. Historically, BRIT rebounds very quickly from a minor selloff at book closure. Some may argue that the ride may be a bit more bumpy this year because of profit taking from recent rally, but I'm not convinced. There has been a lot of supply that refused to come down from the 15 mark. You took your profits, but a lot did not. All those buyers who jumped in when you sold (13.50?) are still holding on. 14 has been stubborn and I think this is where the fight will continue to take place.

That said, you may be surprised to hear from me that I actually tend to agree with you on the H1 results. I don't think they are going to be so spectacular as to be a catalyst for a major move up. My argument is rather that the main reason BRIT took a dive in 2015 was Rawat. That issue will be fully and finally cleared at AGM.

As I see it, we will hold at around 14 now (with a bias to the upside), get a bump after AGM, and a bump after H1 (which will be better than FY15 and will pull some institutional guys back in). From then - assuming election stuff does not get out of control and tank the whole market - I think a rising tide will lift all ships. In BRIT's case, right to my 18 mark.

@obiero. You know where I stand on BRIT. Their insurance business is strong and growing, their cost containment measures are bearing fruit, and their investment results will, without doubt, be significantly better this year than last. Like you, they own HFCK, 48.82% to be precise. Unlike you, I'd venture to guess they are far less concentrated in KQ shares. I will take my bets on them rather, but thanks for the thought.

That's misleading. The eight orders totaling 663,200 have been sitting there at 15 forever. Not new today.

As of 10:23, there is 663k sitting at 15 (8 orders), 2.1k at 14.90 (2 orders) and 22k at 14.35 (2 orders). There is another 29.1k above 15.05.

Demand is bunched at 14 (152k in 6 orders) where it keeps coming online (200, 3.8k, 20k, and 20k gone through so far this morning @14).

TOTAL DEMAND - 216,900 SUPPLY - 984,900 Something gotta give

It will just take one seller to place an ask of lower than 14 and that will be it. Those asking for 15 will remain holding the monkey. As long as there are willing sellers at 13.xy, 15 is un achievable. Simple demand and supply

Tuongee next wk

It just takes one big seller requiring money urgently to sell at the bidding price and the cookie will start to crumble. I have been in that situation plenty of times where I couldn't hold on to a stock as I needed the money urgently.

will go sub 13.5 on Tuesday. thank me later

It just takes one big buyer looking to build a position and supply gets exhausted very quickly. I have been in that situation plenty of times where I couldn't buy in at the prices I wanted because some big institutional buyers jumped in and pushed up the price (e.g. Safaricom). It works both ways.