Wazua
»
Investor
»
Stocks
»
Briatm, Britam, Britam sounds like sweet candy!
Rank: Member Joined: 5/21/2014 Posts: 184
|
Pesa Nane wrote:For records  sparkly wrote:
Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution.
Doesn't the notice state that the deal is subject to approval by the shareholders and the regulator? There are too many opportunities all around. Open your eyes and maybe you'll spot one
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
And coming up is corporate action that adds value to Britam.... https://www.standardmedi...-britam-products-in-pactJohn 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
[quote=Spikes]And coming up is corporate action that adds value to Britam.... https://www.standardmedi...britam-products-in-pact[/quote] Has no effect on share price which is still falling Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
sparkly wrote:VituVingiSana wrote:sparkly wrote:Realtreaty wrote:Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!! Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out. If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK. Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution. IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Realtreaty wrote:Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!! Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out. If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK. Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution. IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-. Yes, lack of cash to buy more is the problem below NAV is the problem. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Realtreaty wrote:Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!! Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out. If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK. Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution. IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-. Yes, lack of cash to buy more is the problem below NAV is the problem. Then you should have said so instead of trying to blame the "monied shareholder" who paid a huge (50%) premium to the Market Price. What's the NAV of Britam? Plus why would significant (& wealthy) shareholders like Wairegi, Mwangi, Mbaru, Munga, et al agree to a sale below (published) NAV unless they know something we do not. Based on the above, I am NOT buying Britam shares until I see the 2016 results and the terms of the IFC purchase. Good luck. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:Realtreaty wrote:Things are opening up. When a new partner chips in it means money have been brought and big minds in the system. Soon we shall see bigger things!!! Very unfair to current shareholders when a new monied shareholder comes in and buys shares at less than the NAV. They are diluted without an opt out. If you feel britam is undervalued then run out and buy more from those who are selling. I did that with KK. Issue is not undervaluation and buying more. Issue is when you hold undervalued share waiting to rise then the company issues new shares effectively diluting you without option to avoid dilution. IFC paid 50% more than the "market price" [plus there may be other skeletons which we do not know of. Look at KQ which was sold at a "discount" to market price or NAV but then the skeletons emerged]... The problem arises if you have no more cash on hand to buy more shares at below 15/-. Yes, lack of cash to buy more is the problem below NAV is the problem. Then you should have said so instead of trying to blame the "monied shareholder" who paid a huge (50%) premium to the Market Price. What's the NAV of Britam? Plus why would significant (& wealthy) shareholders like Wairegi, Mwangi, Mbaru, Munga, et al agree to a sale below (published) NAV unless they know something we do not. Based on the above, I am NOT buying Britam shares until I see the 2016 results and the terms of the IFC purchase. Good luck. The minorities are being shafted. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
IFC excitement wiped out... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
KenRe vs Britam. I have made my choice. Based on the remarks by the CEO at the 1H briefing, I expect a dividend of 85-100 cents for FY 2016. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
|
Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now. Formally employed people often live their employers' dream & forget about their own.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
bird_man wrote:Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now. Hope so and also hope for the mandatory reinsurance to Kenya Re. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
sparkly wrote:bird_man wrote:Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now. Hope so and also hope for the mandatory reinsurance to Kenya Re. Headed sub 10 by tomorrow https://www.nse.co.ke/ma...tatistics&Itemid=190
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
bird_man wrote:Will the now mandatory Marine Insurance by local companies add to Britam's profits?I read that they are the leaders right now. Leading from the scandals end too. De-ratting the rawats ghosts is not easy for brits. Very suspect for mi.  ,Behold, a sower went forth to sow;....
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. . Some of us are trapped inside....pray for us... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
Spikes wrote:This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .
Some of us are trapped inside....pray for us... Jiraha la kujitakia huambiwi pole
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Spikes wrote:This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .
Some of us are trapped inside....pray for us... Poleni sana, next time heed to warnings every market has magicians "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
.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
murchr wrote:Spikes wrote:This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .
Some of us are trapped inside....pray for us... Poleni sana, next time heed to warnings every market has magicians These guys are massive at the exchange, hence the big hit.. Good thing is that Munga is still inside and we all know he can't take a loss lying low
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 8/28/2015 Posts: 1,247
|
obiero wrote:murchr wrote:Spikes wrote:This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .
Some of us are trapped inside....pray for us... Poleni sana, next time heed to warnings every market has magicians These guys are massive at the exchange, hence the big hit.. Good thing is that Munga is still inside and we all know he can't take a loss lying low Munga is in a different league from ordinary wanjiku. He can negotiate his stake and his interests are totally not at the same level with the trading wanjiku. ,Behold, a sower went forth to sow;....
|
|
|
Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
|
obiero wrote:Spikes wrote:This stock has now confirmed a meltdown fatwa issued by IFC's subscription to new shares. ...... . ......I'm very fearful coz I don't see upward reverse in the near future. .....Very disappointing. .
Some of us are trapped inside....pray for us... Jiraha la kujitakia huambiwi pole hehe  take it easy on the brother the share price has declined 10 % today KEGN, KPLC, KQ, SCOM
|
|
|
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.
|