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britam full year 2017 down 78%
littledove
#1 Posted : Friday, March 23, 2018 11:53:08 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
net profit 527 million vs 2.4 b last year
dividend 0.35
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
mulla
#2 Posted : Friday, March 23, 2018 12:33:48 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
littledove wrote:
net profit 527 million vs 2.4 b last year
dividend 0.35




d'oh! d'oh! d'oh! it should drop and trade at 8/= so long termers like me start accumulating
Realtreaty
#3 Posted : Friday, March 23, 2018 12:42:01 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
littledove wrote:
net profit 527 million vs 2.4 b last year
dividend 0.35


d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!
Ngaii babaa!!!!!

screwed by staff and law was quiet on it when Cytonn crawled out with millions
Spikes
#4 Posted : Friday, March 23, 2018 12:51:18 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Realtreaty wrote:
littledove wrote:
net profit 527 million vs 2.4 b last year
dividend 0.35


d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!
Ngaii babaa!!!!!

screwed by staff and law was quiet on it when Cytonn crawled out with millions


@ Realtreaty you're completely finished!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Realtreaty
#5 Posted : Friday, March 23, 2018 2:09:48 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
I will kneel and pray for Britam till they get revivedPray Pray Pray Pray Pray Pray
littledove
#6 Posted : Friday, March 23, 2018 2:43:48 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Spikes wrote:
Realtreaty wrote:
littledove wrote:
net profit 527 million vs 2.4 b last year
dividend 0.35


d'oh! d'oh! d'oh! d'oh! d'oh! d'oh!
Ngaii babaa!!!!!

screwed by staff and law was quiet on it when Cytonn crawled out with millions


@ Realtreaty you're completely finished!

Laughing out loudly Laughing out loudly Laughing out loudly you should atleast give hope
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
mlennyma
#7 Posted : Friday, March 23, 2018 3:06:42 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Realtreaty wrote:
I will kneel and pray for Britam till they get revivedPray Pray Pray Pray Pray Pray

there are chances of pulling a more than 200% profit jump by end year 2018,this is how big fish shakeout the small ones
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#8 Posted : Friday, March 23, 2018 4:33:04 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Wazuans were warned about this one but ofcourse some didnt listen. Poleni kwa msiba
"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
.
Ericsson
#9 Posted : Friday, March 23, 2018 5:17:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Key Highlights from the 2017 Financials;

Income from investment in property, which includes rental income, fair value movements in investment in property and investment in property funds, declined by 161% from 991 million in 2016 to a loss of Sh 607.3 Million.
Total income grew by 24.5% to Sh 27.8 Billion as commissions grew slightly by 4% to Sh 744 Million.
Revenues from its asset management business declined by 16% to Sh 848.4 Million
Gross earned premium increased by 13.4% to Sh 24.1 Billion as net earned revenue grew by 15% to Sh 21 Billion.
Net insurance claims increased by a huge margin of 1450% to Sh 12.5 Billion while expenses: grew 46% to Sh 27 Billion.
Profit before tax declined by 80% to Sh 866 Million while net profit for the period declined by 79% to Sh 527.5 Million.
The board declared a 17% increase in dividend payment to 35 cents per share compared to Sh 30 cents per share in the previous year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Realtreaty
#10 Posted : Friday, March 23, 2018 6:50:01 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
murchr wrote:
Wazuans were warned about this one but ofcourse some didnt listen. Poleni kwa msiba


When you look closely the Dividend was given with both hands so it is very positive it went up and my theory to buy and hold is right.

What was high were claims given we has an Election year

Wanted only to know what Wairegi said about the Britam Tower opening and occupancy.
We have seen Britam doing great in Life Insurance
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