chalan wrote:It may sell like hot cake, or may face the challenges of its sister, Equity, but whatever your experiences and reservations you have on IPOs, Britak, at 45, will be something to behold.
The biggest drawback for Britak is the agency offered by Equity Bank. 70% of claims have to be paid to make Equity a reliable insurance agent, beating Aon Minet hands down. However, the end victim is Britak.
Add to it the fact that Equity has been advocating for Bankassurance. The Britak major shareholders will bail out sooner than you thought.
Insurance companies are known for paying peanuts and greengrams in DPS even when the EPS are very high. Jubilee made what in EPS? What was the dividend. Go to Pan Africa etc.
Am watching keenly on how things will play out on this one.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.