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Insurance Counters at NSE - Valuation & recommendation
hisah
#121 Posted : Wednesday, August 14, 2013 8:13:19 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
Quote:
Metasploit wrote:
Britam has been trading sideways for tooo long and today a spike(relative to past volumes) of 2M shares ahead of H1 announcement.This will either break up or down

Cartonists shade more light


@Hisah whats your view on Britam ?

100M shares traded back in May 2013 with VWAP around 8.30. Weeks later the price dipped to 7.50 and has steady reclaimed 8/- but moving sideways. Hard to make a call for now until trend becomes clear. Below 7.50, the trend is bearish while above 8.70 - 9 range confirms bullish resumption.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mibbz
#122 Posted : Wednesday, August 14, 2013 11:44:33 PM
Rank: Member


Joined: 2/18/2011
Posts: 448
murchr wrote:
muganda wrote:
murchr wrote:
Jubilee Net Profit - Ksh 882M
Gross Premiums +1.1B
Gross Revenue +13% to - Ksh11.94B

Kenya RE PAT - 1.19B
Gross Premiums +20% - 4B
Inv income - 1.2B
OP exp +34% - 513M
Tax +50%

Pan Africa
Profit - 800m
Anyone with the numbers pls share, i dont see much from the article apart from selling land.

Pan Africa
Gross premiums down (34%)
Other revenue increase 38%
Gross revenue down (15%)
Profit up 266% primarily due to
--fair value gains on unlisted investment
--1.5b gain fom net change in contract liabilities

https://www.nse.co.ke/listed-com...gs-ltd-half-year-results


Thank you @muganda So why the drum beats for a Pan Africa buy....



i think Sanlam will be looking for a buyout of this counter,numbers are good from other investment income and a good dividend coming up at end of year 2013.....only company with such a HUGE H1 gain in profit and ha such a massive gain in comparison to peers...
mwekez@ji
#123 Posted : Friday, August 16, 2013 10:22:27 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Britam has appointed Francis Muthaura as director #Must.Be.A.Move.To.Get.Government.Business
Metasploit
#124 Posted : Friday, August 16, 2013 10:40:31 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mwekez@ji wrote:
Britam has appointed Francis Muthaura as director #Must.Be.A.Move.To.Get.Government.Business


They have taken long to announce H1 results!

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
mwanahisa
#125 Posted : Friday, August 16, 2013 10:57:00 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
I expect BRITAM's results to be satisfactory, although I do not expect earnings growth to be anywhere near as spectacular as PanAfrica Insurance.

POINT TO NOTE: BRITAM'S STAKE IN EQUITY BANK HAS GROWN IN VALUE BY APPROXIMATELY 4 BILLION SHS IN THE LAST 12 MONTHS. I expect about 50% of this to be reported in the P&L under Fair Value Gains on AFS Financial Assets.

Metasploit wrote:
mwekez@ji wrote:
Britam has appointed Francis Muthaura as director #Must.Be.A.Move.To.Get.Government.Business


They have taken long to announce H1 results!

dunkang
#126 Posted : Friday, August 16, 2013 11:19:22 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Metasploit wrote:
mwekez@ji wrote:
Britam has appointed Francis Muthaura as director #Must.Be.A.Move.To.Get.Government.Business


They have taken long to announce H1 results!

There is no point in reporting bad news in a hurry! cc: KCB
Receive with simplicity everything that happens to you.” ― Rashi

mwanahisa
#127 Posted : Friday, August 16, 2013 11:22:12 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
dunkang wrote:
There is no point in reporting bad news in a hurry! cc: KCB


@dunkang, are you privy to some information like the Exchange Bar patrons?
dunkang
#128 Posted : Friday, August 16, 2013 11:33:23 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
mwanahisa wrote:
dunkang wrote:
There is no point in reporting bad news in a hurry! cc: KCB


@dunkang, are you privy to some information like the Exchange Bar patrons?

Not at all! But this delays are telling/worrying and as human beings, we must draw conclusions aka speculate!
Receive with simplicity everything that happens to you.” ― Rashi

mwekez@ji
#129 Posted : Friday, August 16, 2013 11:43:01 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
dunkang wrote:
mwanahisa wrote:
dunkang wrote:
There is no point in reporting bad news in a hurry! cc: KCB


@dunkang, are you privy to some information like the Exchange Bar patrons?

Not at all! But this delays are telling/worrying and as human beings, we must draw conclusions aka speculate!


cc: KK cc: @Kausha cc: @VVS
mwanahisa
#130 Posted : Friday, August 16, 2013 11:50:04 AM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
dunkang wrote:
mwanahisa wrote:
dunkang wrote:
There is no point in reporting bad news in a hurry! cc: KCB


@dunkang, are you privy to some information like the Exchange Bar patrons?

Not at all! But this delays are telling/worrying and as human beings, we must draw conclusions aka speculate!


Sawa @dunkang. I understand your apprehension regarding the delay in the results. Nonetheless, there is no reason as far to worry as far as I know. Remember, Britam still has another 2 weeks till the end of the regulatory reporting period on 31st August 2013. Liberty Holdings has also not reported. As far as I can tell, the deal is not losing any sleep over it, notwithstanding his interest in the counter.
mwekez@ji
#131 Posted : Friday, August 16, 2013 12:05:15 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
Britam has appointed Francis Muthaura as director #Must.Be.A.Move.To.Get.Government.Business


https://www.nse.co.ke/listed-com...ppointment-of-a-director
hisah
#132 Posted : Tuesday, August 27, 2013 4:25:37 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Negative insurance article, but loaded with rich info. Insurance industry profits less than member's or simba's 2012 PBT shouts the article. Also insurance penetration is a dismal 3% of the population.

http://www.businessdaily...0/-/1hutij/-/index.html

Top 2 premium cake eaters are JHL and CIC then UAP.

The negatives paint a rosy picture of the potentials waiting to happen...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mwekez@ji
#133 Posted : Tuesday, August 27, 2013 9:06:39 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mwekez@ji
#134 Posted : Tuesday, August 27, 2013 1:14:24 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Metasploit
#135 Posted : Tuesday, August 27, 2013 2:05:53 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania


Am getting nervous!Instead of announcing results Britam is coming up with other news!!It reminds me of Centum last year June, with all the rosy news just before the announcement of the 40% drop in profit


“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
mwekez@ji
#136 Posted : Tuesday, September 10, 2013 9:53:25 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mwekez@ji
#137 Posted : Tuesday, September 10, 2013 10:54:19 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mwekez@ji
#138 Posted : Tuesday, September 17, 2013 11:06:18 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Metropolitan in buyout talks with Kenyan insurer

MMI, which is listed on the Johannesburg and Namibia stock exchanges, joins Dimension Data and Massmart as South African companies that have either acquired Kenyan firms or are in discussions to buy strategic stakes.

Dimension Data bought out AccessKenya for Sh3 billion, a deal that was concluded in late August, while Massmart is in talks with Naivas for the possibility of buying a majority stake in the retailer.
murchr
#139 Posted : Wednesday, September 18, 2013 3:57:14 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
Metropolitan in buyout talks with Kenyan insurer

MMI, which is listed on the Johannesburg and Namibia stock exchanges, joins Dimension Data and Massmart as South African companies that have either acquired Kenyan firms or are in discussions to buy strategic stakes.

Dimension Data bought out AccessKenya for Sh3 billion, a deal that was concluded in late August, while Massmart is in talks with Naivas for the possibility of buying a majority stake in the retailer.


Soon Kenyans will own nothing. We're selling at a throw away price.
"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
.
the deal
#140 Posted : Wednesday, September 18, 2013 12:32:15 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
MMI big brand back home...hope they do well in Kenya.
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