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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote: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!
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Rank: Member Joined: 2/18/2011 Posts: 448
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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...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Britam has appointed Francis Muthaura as director #Must.Be.A.Move.To.Get.Government.Business
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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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.”
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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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!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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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
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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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?
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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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
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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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.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Total premiums in Kenya’s insurance industry are forecast to grow to 227.5 billion shillings ($2.6 billion) by 2017 from 116.3 billion shillings last year, according to Business Monitor International, or BMI, the London-based research group. The economy, East Africa’s largest, is forecast to grow by 5.8 percent this year from 4.6 percent in 2012, according to the government.
Life premiums per capita are expected to grow 75 percent to 1,553 shillings in the next five years, BMI said in a report last month. Non-life premiums are forecast to expand 70 percent to 3,109 shillings, bringing total income for that portion of the industry to 151.7 billion shillings by 2017, it said.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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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.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Metropolitan in buyout talks with Kenyan insurerMMI, 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.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:Metropolitan in buyout talks with Kenyan insurerMMI, 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
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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MMI big brand back home...hope they do well in Kenya.
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