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Briatm, Britam, Britam sounds like sweet candy!
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Spikes
#781 Posted : Monday, June 13, 2016 6:47:15 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Kausha wrote:
Using some common sense in reading the text and a bit of mosaic theory, this tells me this is a temporary transaction meant to clear the way for the strategic investor to come in. What we should be asking ourselves is how much did Plum pay for the stake and how much is it likely to be sold to the strategic investor.



When will the strategic investor come in to be milked by Plum ?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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VituVingiSana
#782 Posted : Monday, June 13, 2016 7:44:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Spikes wrote:
Kausha wrote:
Using some common sense in reading the text and a bit of mosaic theory, this tells me this is a temporary transaction meant to clear the way for the strategic investor to come in. What we should be asking ourselves is how much did Plum pay for the stake and how much is it likely to be sold to the strategic investor.



When will the strategic investor come in to be milked by Plum ?
Not to be shared with the rest of the shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Plimsoul
#783 Posted : Monday, June 13, 2016 9:12:47 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Kausha wrote:
Using some common sense in reading the text and a bit of mosaic theory, this tells me this is a temporary transaction meant to clear the way for the strategic investor to come in. What we should be asking ourselves is how much did Plum pay for the stake and how much is it likely to be sold to the strategic investor.


Isn't that precisely what Plum was quoted saying in the Reuters link posted in the thread?

"The partners of Plum LLP ... determined to purchase the acquisition shares so as to provide Britam and its shareholders the time they require to identify a strategic investor with the institutional fit to drive Britam's growth in the future," Plum said.

http://www.reuters.com/a...uity-plum-idUSL8N1950KQ
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hisah
#784 Posted : Monday, June 13, 2016 9:13:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Spikes wrote:
hisah wrote:
Pesa Nane wrote:

Plum LLP members

1. P.M.
2. Filimbi Ltd which comprises of P.M and J.M (Wife to Equity group CEO) based on 50:50 shareholding structure.
3. Equity Group Holdings Ltd - P.M is the chairman.

In short P.M. is the one to bag-hold this entire deal similar to C.K's Centum majority acquisition with a takeover exemption.

Let's see how this PPT works out as support is being enforced at 14.00 handle.



@hisah you are likely to miss this vehicle defying your lunatic theory of 6/- after a big plunge .

I don't engage in monkey business. BRIT & TCL are just telling stories without substance. The market can remain irrational for a while, but eventually it reverts back to balance in the long run.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Plimsoul
#785 Posted : Monday, June 13, 2016 9:20:22 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Plimsoul wrote:
Kausha wrote:
Using some common sense in reading the text and a bit of mosaic theory, this tells me this is a temporary transaction meant to clear the way for the strategic investor to come in. What we should be asking ourselves is how much did Plum pay for the stake and how much is it likely to be sold to the strategic investor.


Isn't that precisely what Plum was quoted saying in the Reuters link posted in the thread?

"The partners of Plum LLP ... determined to purchase the acquisition shares so as to provide Britam and its shareholders the time they require to identify a strategic investor with the institutional fit to drive Britam's growth in the future," Plum said.

http://www.reuters.com/a...uity-plum-idUSL8N1950KQ


Actually Reuters got it from the public announcement. Point 5.
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Realtreaty
#786 Posted : Monday, June 13, 2016 11:35:30 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
VituVingiSana wrote:
In other words, the 'ordinary' shareholder, who is not an insider, has been cut out from buying the shares at a discounted price.

Laughing out loudly Laughing out loudly Laughing out loudly
It was willing seller willing buyer case here. The Mauritius did put the offer for sale to the public and Munga so it was good to increase his investment. Business person, clever chap. That why the share price went down with the force of Gravity call translation theory making Mauritian to drop it quick to save money. That where i brought the word if anyone can recall "SCREW the Mauritian Gov"
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Mainat
#787 Posted : Tuesday, June 14, 2016 6:53:33 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Another EA Cables/Merali scenario coming up.
Sehemu ndio nyumba
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Realtreaty
#788 Posted : Tuesday, June 14, 2016 7:12:07 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Mainat wrote:
Another EA Cables/Merali scenario coming up.

Liar Liar Shame on you Shame on you Shame on you
You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many.
I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out.
Infact the shares were floated and you did not buy them and you accuse Munga?
Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks
Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!!
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obiero
#789 Posted : Tuesday, June 14, 2016 7:17:54 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,223
Location: nairobi
Realtreaty wrote:
Mainat wrote:
Another EA Cables/Merali scenario coming up.

Liar Liar Shame on you Shame on you Shame on you
You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many.
I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out.
Infact the shares were floated and you did not buy them and you accuse Munga?
Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks
Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!!

even with that patriotic ode. the share tips further lower today until we get to know how much each share was traded at by the Mauritius govt

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Spikes
#790 Posted : Tuesday, June 14, 2016 8:13:07 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Realtreaty wrote:
Mainat wrote:
Another EA Cables/Merali scenario coming up.

Liar Liar Shame on you Shame on you Shame on you
You can't say that. Munga has created WEALTH and used it to assist others more than the Meralis who siphon their wealth to their former mother countries. These Kenyan Billionaires have paid school fees for many , created employment and wealth for many.
I hereby vote that Munga take over the stock that could have been sold to outsiders who would siphon our wealth out.
Infact the shares were floated and you did not buy them and you accuse Munga?
Did you know Munga Equity changed Kenya for great? You can see Barclays winding up due to battles on their faces from Local banks
Kenyans are peculiar a people, the love for foreign goods and services then we engage in Demos!!!!

even with that patriotic ode. the share tips further lower today until we get to know how much each share was traded at by the Mauritius govt


Downward spiral pull continues...
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Tuesday, June 14, 2016 8:17 AM | Reason: Not specified
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