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Kenya Re - Waking up from the Slumber?
Rank: Member Joined: 4/18/2009 Posts: 118
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selah wrote:Renegade wrote:Hopefully the appointment of the MD is the first step towards getting up. Or has it just opened one eye and then promptly gone back to sleep? I think the 2010 results will tell us if the confirmation of the MD was prudent. In that case then I would bet that the results will be good. Otherwise it would be mighty bad PR to appoint the chap and then release bad results shortly after the appointment.
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Rank: Member Joined: 4/17/2009 Posts: 194
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The problem with Kenya Re are not its fundamentals. We all know that. Lakini, we are just not convinced that the share price will go up. Ata with good results. It's just one of those companies that are somewhat cursed. MD needs to get his chopper to Loliondo soonest.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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if it reaches 11 bob by Thursday then we can talk for it is just blowing cold air...lol.
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Rank: Member Joined: 4/17/2009 Posts: 194
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Now compare this excuse of a share to Scangroup. Almost similar EPS @ 2.58 for Scan and a dividend of 0.7. OK, Scan has issued a bonus. Big deal - the shareholders still owned those reserves, distributed or not.
See the market's reaction. Scan trades at more than 5 times the price of KenRe. Now that's a s**y counter to be in, although it's not for me either.
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Rank: Member Joined: 4/18/2009 Posts: 118
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There will always be a few people who know value when they see it, even when the rest of the market does not. @19 not too long ago a lot of folks on this forum were also "laughing" at KCB. Who's laughing now?
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Rank: Member Joined: 4/18/2009 Posts: 118
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Some interest is picking up. Bid volumes increasing and a pivot being established at the 10/= level.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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@Renegade u r so right i have accumulated alot of Kenya Re shares btwn 9.70 and 9.90...results are imminent.
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Rank: Member Joined: 4/18/2009 Posts: 118
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the deal wrote:@Renegade u r so right i have accumulated alot of Kenya Re shares btwn 9.70 and 9.90...results are imminent. No doubt when the good results are announced, guys will try to jump in but it may then be too late.
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Rank: Member Joined: 11/6/2010 Posts: 289
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atleast we r making some profits
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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....half year 2011 results will be out this morning....
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Kenya Re - Waking up from the Slumber?
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