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Briatm, Britam, Britam sounds like sweet candy!
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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babashuge wrote:[quote=Ericsson]Dear Sir, RE:AGENCY TO SELL VARIOUS LAND PARCELS ON BEHALF OF BRITAMWe are pleased to engage you to sell 3 parcels of land on behalf of Britam as follows; 1.LR NO 209/6267 located in Upper Hill.The land measures approx. 2.3 acres and the reserve price is Kes.600mn per acre2.LR NO 12648/93 located in Lukenya along Mombasa Rd.The land measures approx. 172 acres and the reserve price is Kes.11 million per acre3.LR 18048/49/50 located in Mlolongo,along Mombasa rd.The land measures approx. 25 acres and reserve price is Kes.46 million per acre4.Britam Center LR NO 209/10520 located in Upper Hill Nairobi.Land size approx. 1.6 acre,fully developed with an office block,the reserve price is kes.2.24bn5.Olive Garden Plot LR NO 209/380/8 located in Hurlingham,Rose Avenue off Arwings Kodhek Rd.Land approx. 0.6 acres,reserve price kes.280m6.Ngong Land LR NO Ngong/Ngong/46 located in Ngong town measuring approximately 21 acres.The reserve price is kes.1 billion NB/The commission payable will be 3% of the sale value. Kindly confirm your acceptance of this appointment by responding to this letter.We look forward to hearing from you soonest. Yours faithfully Britam properties LtdRaphael MwitoAG. General Managerhttps://i0.wp.com/www.ka...tam.png?w=560&ssl=1[/quote] They say 3 parcels for sale but have 6 listed... hoping this isn't how they do their accounts.. 
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Rank: New-farer Joined: 1/15/2019 Posts: 31
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I dont see a problem for potential buyer when company is listed. Actually, stock market is a good place to raise money for business. However, if you are buying company which is in deep trouble, then this might be really huge problem, regardless if company is listed or not
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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I remember chasing this candy at 30 bob a piece a while back
Then deep pockets sinking in billions for a huge chunk at 15
Today morning it's at 6.6
Markets can be brutal
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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rwitre wrote:I remember chasing this candy at 30 bob a piece a while back
Then deep pockets sinking in billions for a huge chunk at 15
Today morning it's at 6.6
Markets can be brutal Na bado, wait for Jubilee to be through with us 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: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Angelica _ann wrote:rwitre wrote:I remember chasing this candy at 30 bob a piece a while back
Then deep pockets sinking in billions for a huge chunk at 15
Today morning it's at 6.6
Markets can be brutal Na bado, wait for Jubilee to be through with us This was a trap
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/16/2019 Posts: 313
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Dear Shareholder, The Britam Holdings Plc AGM will be held on 29th June 2020 at 11.00am. Please register to participate in the AGM by dialing *483*802# and following the various prompts. Please note that registration will close on 26th June 2020 at 11.00 am.
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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What is the occupancy rate of the tower?
I remember sometime back I read somewhere a Britam official was quoted as saying with a lot of maringo that they did not want just any kind of tenant. The place was high class and they were looking for for sophisticated tenants. As economic times get worse itafika wakati someone will say bora tenant like the desperate bora bwana when a lady gets to 35.
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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rwitre wrote:Deep pockets taking advantage of bear to mop up and increae their holdings. a.k.a averaging down kamikaze style Quote:AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.
Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.
The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion. Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation. #Post 1186 of 10th January, 2019. Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Queen wrote:rwitre wrote:Deep pockets taking advantage of bear to mop up and increae their holdings. a.k.a averaging down kamikaze style Quote:AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.
Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.
The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion. Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation. Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt. But Africinvest are large faceless corporations that don’t feel pain of loss paper or otherwise For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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winmak wrote:Queen wrote:rwitre wrote:Deep pockets taking advantage of bear to mop up and increae their holdings. a.k.a averaging down kamikaze style Quote:AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million.
Last year, the private equity firm bought 360.8 million new shares from the underwriter at Ksh5.7 billion.
The aggressive buying spree means that AfricInvest’s total investment at Britam stands at Ksh6.2 billion. Meaning when bull run returns there'll be less liquidity (since they are unlikely to sell) and faster price appreciation. Considering the current price of 6.60/= per share and doing some simple calculations, it is obvious that some few paper billions have hitherto been lost by AfricInvest. Those who thought that it is only rookies who lose money at the bourse should think twice. This huge paper loss by AfricInvest proves that NSE can easily make billionaires shed premium tears too. The NSE is truly and surely not for the faint-hearted. A lesson learnt. But Africinvest are large faceless corporations that don’t feel pain of loss paper or otherwise They are not so faceless.
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Rank: Member Joined: 3/16/2019 Posts: 313
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Quote:Payment of KES 0.25 first and final dividend Jul 03 2020 Britam dividend,anybody?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Half year 2020 Loss of ksh.2.3bn https://www.nse.co.ke/issuer-announcements.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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They are so embarrassed by the results that they have blurred them...so that they are not legible
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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[quote=Ericsson]Half year 2020 Loss of ksh.2.3bn https://www.nse.co.ke/issuer-announcements.html[/quote] This was always expected given that Britam is heavily invested in NSE equities which have been bleeding big time.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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And a big property portfolio with low occupancy. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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What happened to the sweet candy  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: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Ericsson wrote:And a big property portfolio with low occupancy. Yes that one is a white elephant.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Angelica _ann wrote:What happened to the sweet candy Sweet became bitter Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/21/2018 Posts: 564 Location: Britain
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Ericsson wrote:Angelica _ann wrote:What happened to the sweet candy Sweet became bitter There was a time it was being referred to as Britank in these streets.
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Briatm, Britam, Britam sounds like sweet candy!
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