wazua Mon, Mar 30, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages<12345>»
Kenya Re Insurance Undervalued
Options
Previous Topic · Next Topic
Mali
#21 Posted : Friday, April 15, 2011 11:42:35 AM
Rank: Member

Joined: 7/3/2008
Posts: 238
link?
Back to top
  |
For Sport
#22 Posted : Friday, April 15, 2011 11:55:16 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
the deal wrote:
For Sport wrote:
the deal wrote:
News just reaching me...Kenya Re finally has appointed a new MD

who?

Mr Jadiah Mwarania he is no more acting MD...he has taken over permanantly...they must be satisfied with what he has done.


Are we?
Back to top
  |
selah
#23 Posted : Friday, April 15, 2011 11:55:39 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
the deal wrote:
For Sport wrote:
the deal wrote:
News just reaching me...Kenya Re finally has appointed a new MD

who?

Mr Jadiah Mwarania he is no more acting MD...he has taken over permanantly...they must be satisfied with what he has done.


This is not a good thing at all.The way they refused to extend the contract of the previous MD after performing quite exceptionally begs the question of how competent Kenya-Re's board is.

I think Kenya-Re requires fresh blood that would make it competitive and less reliant on government protection.

Its even worrying that the current MD has not done as much as the previous MD in growing the business although we are yet to see 2010FY report.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top
  |
mwanahisa
#24 Posted : Friday, April 15, 2011 12:01:53 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@Selah, I would also have preferred fresh blood, but it is certainly better to have Mwarania as the substantive MD than having him as acting MD endlessly. At least now, he will have the balls to properly execute his duties as CEO.
Back to top
  |
the deal
#25 Posted : Friday, April 15, 2011 12:22:50 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I think its a bullish signal...he has acted for a year...why appoint him now? ama the Board has nothing to offer? we will pelt them with rotten eggs at the AGM...Lol.
Back to top
  |
mwanahisa
#26 Posted : Friday, April 15, 2011 12:36:54 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I now believe it is just a matter of time before this "dog" edges up in a significant way. The metrics for the share are just too good to ignore for ever. KQ was also stuck at 32-33 for a while and you can now see guys scrambling for it at 37+.
Back to top
  |
ProverB
#27 Posted : Friday, April 15, 2011 12:57:34 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
mwanahisa wrote:
I now believe it is just a matter of time before this "dog" edges up in a significant way. The metrics for the share are just too good to ignore for ever. KQ was also stuck at 32-33 for a while and you can now see guys scrambling for it at 37+.


I beg to differ on KQ.. but won't. like simba..it's on peak now.. 33 remains feasible.
But then.. i could be wrong. smile ..albeit selling bunch got at 34.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
Back to top
WWW
  |
Renegade
#28 Posted : Friday, April 15, 2011 1:07:31 PM
Rank: Member

Joined: 4/18/2009
Posts: 118
Hii, ata mimi nitanunua. When CFCIH and CIC list, KNRE as a low priced share will be the comparative. KNRE will have to go up.
Back to top
  |
mwanahisa
#29 Posted : Friday, April 15, 2011 1:17:37 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Your sentiments on KQ are right. However, my point is that just because a share remains at a certain price range for a while, this does not preclude it from shooting up all of a sudden. A lot of folks wait for the signal that the price is beginning to go up before they are convinced it is a good deal.

ProverB wrote:
mwanahisa wrote:
I now believe it is just a matter of time before this "dog" edges up in a significant way. The metrics for the share are just too good to ignore for ever. KQ was also stuck at 32-33 for a while and you can now see guys scrambling for it at 37+.


I beg to differ on KQ.. but won't. like simba..it's on peak now.. 33 remains feasible.
But then.. i could be wrong. smile ..albeit selling bunch got at 34.
Back to top
  |
selah
#30 Posted : Friday, April 15, 2011 1:50:53 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
mwanahisa wrote:
Your sentiments on KQ are right. However, my point is that just because a share remains at a certain price range for a while, this does not preclude it from shooting up all of a sudden. A lot of folks wait for the signal that the price is beginning to go up before they are convinced it is a good deal.

ProverB wrote:
mwanahisa wrote:
I now believe it is just a matter of time before this "dog" edges up in a significant way. The metrics for the share are just too good to ignore for ever. KQ was also stuck at 32-33 for a while and you can now see guys scrambling for it at 37+.


I beg to differ on KQ.. but won't. like simba..it's on peak now.. 33 remains feasible.
But then.. i could be wrong. smile ..albeit selling bunch got at 34.



KQ remained suppressed for more than 8yrs after listing, it started edging up after announcing a record profit growth of 198% in 2004/2005 FY.

Kenya Re on the other hand has been performing dismally since the listing the management has not shown its willingness to grow its bottom line in tandem with its competitors.

Unless the New MD does something out of the ordinary I dont see the share edging up like KQ did.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Back to top
  |
6 Pages<12345>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.