KES 6-7bn is a lot of money...
Considering we just had KPLC [KES 9.5bn], Deacons, I&M Bank [KES 2.4bn], etc... Is there demand for another large IPO?

Anyway, I will make a decision AFTER reading the IM. The rest is speculation!

i applied for insurance through equity bank and i noticed that this is one of the insurance companies that they have faith in. i dont know if this makes a diference but i will also wait for the I.M

Its an all round good company. It holds a chunk of Equity and HFCK and is a leader in some of the insurance niches.

The key thing for me is what the float says its worth. Because, if its floating 25% to get Ksh7bn, that implies Britak is worth Ksh28bn i.e.the 10th largest NSE share by market. Wapi?

In 2009, British American registered a consolidated loss before tax of Sh334 million compared to a Sh340 million profit in 2008 due poor performance of the NSE, which registered a 34 per cent decline.

The group, in its last annual report said that the decline affected the investment income of the asset management company’s equity portfolio which resulted in a Sh574 million unrealised loss, causing a 23 per cent decline in revenue to Sh118 million in 2009 from Sh154 million in 2008 and a loss after tax of Sh26 million.

Wathaika its an insurance firm...its a monkey in the making...lol http://www.businessdaily.../-/14ug4lkz/-/index.html

I think its possible for equity to own Britak given that about 67% of Britak is owned by local investors.

Any advice on how to structure/balance a portfolio in a scenario like this where there are several incestuous relationships between listed firms? I gather that British American, Equity and by extension HFCK are related. Is it wise to hold shares in related companies? (Dumped my HFCK shares a short while ago – still hanging onto Equity bank). And if you’re to set your sights on one, how do you go about analyzing related companies? Aren’t their fortunes tied?

Have being a shareholder of equity bank since its listing, and in all the AGMs I have attended no mention has ever been made of Equity owning Britak, besides with the stringent CBK financial reporting regulations this would have been mentioned in its financial reports ... as it does with HFCK

What I know is that the single largest individual shareholder of Britak (Mr B.Wairegi)has substantial shareholding in equity under his name..in addition to shares held by Britak...It is also said that Equity MD has substantial shares in Britak

sometime I think some of us unsophisticated investors get duped quite easily.How does a company that is wishing to list move from a loss of 421,123 million to 2.7 billion within a year.Something is not right somewhere,given that most of the profit came from investment income in a market that was very depressed.

I also dont believe in this sort of miracle. How was the loss of the other year explained?

Holds an 11% stake in Equity Bank and 19.9% in HFCK

Wairegi says growth prospects in the 30 – 40 % region. Growth projections premised on the low penetration of insurance services on the continent + their plans to expand in the region.

Info’s here:
http://af.reuters.com/ar...s/idAFJOE72M0EG20110323

http://www.abndigital.co...n-swings-to-2010-profit