Wazua
»
Investor
»
Stocks
»
Briatm, Britam, Britam sounds like sweet candy!
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Why aren't other shareholders given an opportunity to increase their holdings, preventing the dilution... Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
|
Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. World bank gives Britam loan which is converted to equity and results in dilution to other shareholders. I thought with James Mwangi and Peter Munga being shareholders here,it wont reach to this. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
Ebenyo wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. World bank gives Britam loan which is converted to equity and results in dilution to other shareholders. I thought with James Mwangi and Peter Munga being shareholders here,it wont reach to this. James Mwangi,Benson Wairegi, Peter Munga and Jimnah Mbaru are done with eating. Now what is left is a shell loaded with debt Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
Ericsson wrote:Ebenyo wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. World bank gives Britam loan which is converted to equity and results in dilution to other shareholders. I thought with James Mwangi and Peter Munga being shareholders here,it wont reach to this. James Mwangi,Benson Wairegi, Peter Munga and Jimnah Mbaru are done with eating. Now what is left is a shell loaded with debt Britam and kqs project mawingu just sailing same boat. Spend thrift fatty cats never makes investors money.  ,Behold, a sower went forth to sow;....
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. It's sad really
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 2/8/2007 Posts: 808
|
obiero wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. It's sad really Media may have it wrong. I believe IFC is buying the Mungai-scom stake from rawat hence no dilution and effectively a sign of upside to current price. Certainly IFC have come in at a decent illiquidity discount. Britam value could be around 18.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
Up 15%
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
|
Ericsson wrote:sparkly wrote:Ericsson wrote:@mlenyama The International Finance Corporation (IFC) is set to invest Sh3.5 billion in acquiring a 10.37 per cent stake in insurance group Britam. http://www.businessdaily...4710-7ynannz/index.html
The entry of IFC, whose offer price of Sh15.85 represents a 58.5 per cent premium on the insurer’s closing price of Sh10 on Friday, will dilute existing shareholders by 10.3 per cent. WTH these Kaburus love to dilute other shareholders . ARM and now this? Obiero warned about britam.The company was going to burst that's why they talked to IFC to bail them out. How did we arrive at Britam 'going burst'? I see no indicators whatsoever.
BBI will solve it :)
|
|
|
Rank: Member Joined: 5/21/2014 Posts: 184
|
Now why is the IFC deal turning into a rally? Kwani it's a takeover? There are too many opportunities all around. Open your eyes and maybe you'll spot one
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
actuarywahisa wrote:Now why is the IFC deal turning into a rally? Kwani it's a takeover? it's a vote of confidence for a big fund to be a shareholder "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
mlennyma wrote:actuarywahisa wrote:Now why is the IFC deal turning into a rally? Kwani it's a takeover? it's a vote of confidence for a big fund to be a shareholder Nothing close. The big boys are playing IFC.. Munga, Wairegi et al. Hapa usipochunga utapoteza miaka kadhaa ya maisha
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
obiero wrote:mlennyma wrote:actuarywahisa wrote:Now why is the IFC deal turning into a rally? Kwani it's a takeover? it's a vote of confidence for a big fund to be a shareholder Nothing close. The big boys are playing IFC.. Munga, Wairegi et al. Hapa usipochunga utapoteza miaka kadhaa ya maisha you are only positive about KQ "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
@mlenyama Do you see any hope in Britam going forward Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
mlennyma wrote:obiero wrote:mlennyma wrote:actuarywahisa wrote:Now why is the IFC deal turning into a rally? Kwani it's a takeover? it's a vote of confidence for a big fund to be a shareholder Nothing close. The big boys are playing IFC.. Munga, Wairegi et al. Hapa usipochunga utapoteza miaka kadhaa ya maisha you are only positive about KQ I sold out a large portion of KQ at KES 7.. I would be very cautios with purchases at this time, even KQ
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
|
Closes the day 26% up.. Monkey business just like the infamous Orchards. Happy though for any wazuan enjoying the spike
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Ericsson wrote:@mlenyama
Do you see any hope in Britam going forward britam will be among the first stocks which will double their current price when Mr market starts recovering "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
mlennyma wrote:Ericsson wrote:@mlenyama
Do you see any hope in Britam going forward britam will be among the first stocks which will double their current price when Mr market starts recovering With the additional shares to be issued, I wish you all the best Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Ericsson wrote:mlennyma wrote:Ericsson wrote:@mlenyama
Do you see any hope in Britam going forward britam will be among the first stocks which will double their current price when Mr market starts recovering With the additional shares to be issued, I wish you all the best this additional shares are not to be held by a speculator so the effect of flooding the market won't be felt in the medium term,secondly the pricing of almost 16bob is an advantage to those of us who bought around 10bob, my only worry would be Mr munga trying to sell his 23% in open market next year "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Wazua
»
Investor
»
Stocks
»
Briatm, Britam, Britam sounds like sweet candy!
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|