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Kenya Re Insurance Undervalued
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VituVingiSana
#41 Posted : Wednesday, June 29, 2011 12:40:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
guru267 wrote:
Layman wrote:
.....this share is headed to Eveready levels, today at 8.60 per share .... am scared. What exactly is wrong in this counter....

Substandard management.. Heavy GOK control.. Also warren buffet loves insurance but hates re insurance
Erm, who says? In fact, BH is one of the world's largest reinsurers!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#42 Posted : Wednesday, June 29, 2011 12:47:52 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
Layman wrote:
.....this share is headed to Eveready levels, today at 8.60 per share .... am scared. What exactly is wrong in this counter....

Substandard management.. Heavy GOK control.. Also warren buffet loves insurance but hates re insurance
Erm, who says? In fact, BH is one of the world's largest reinsurers!


My bad!! It was hearsay.. Liar
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#43 Posted : Wednesday, June 29, 2011 12:55:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
Layman wrote:
.....this share is headed to Eveready levels, today at 8.60 per share .... am scared. What exactly is wrong in this counter....

Substandard management.. Heavy GOK control.. Also warren buffet loves insurance but hates re insurance
Erm, who says? In fact, BH is one of the world's largest reinsurers!

My bad!! It was hearsay.. Liar

http://en.wikipedia.org/wiki/General_Re
BH subsidiary

What was the other 'fact' you put out then asked me to provide the rebuttal? Don't be a QW...! Shame on you Google is your friend! Laughing out loudly Laughing out loudly Laughing out loudly

As for KenRe... I am not a fan coz I do not trust the management as much as Jubilee but at a lower price I would consider buying KenRe...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#44 Posted : Wednesday, June 29, 2011 12:57:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@guru

http://lmgtfy.com/?q=ber...ire+hathaway+reinsurance
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#45 Posted : Wednesday, June 29, 2011 1:15:02 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
This share is definitely undervalued with sustainable earnings streams although it will never shoot the lights out in terms of growth.

However, as long as G.o.K continues to have a majority stake, the share price will not achieve its potential and will continue stagnating or even drop further. The drop in the DPS from Kshs 0.50 to 0.35 was the final nail in the coffin for most investors.

In my view, it can only be rescued by a strategic investor and I cannot see any on the horrizon. MORE IS THE PITY!
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  | | Edit by user: Wednesday, June 29, 2011 7:02 PM | Reason: Not specified
selah
#46 Posted : Wednesday, June 29, 2011 1:39:14 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
Layman wrote:
.....this share is headed to Eveready levels, today at 8.60 per share .... am scared. What exactly is wrong in this counter....

Substandard management.. Heavy GOK control.. Also warren buffet loves insurance but hates re insurance
Erm, who says? In fact, BH is one of the world's largest reinsurers!

My bad!! It was hearsay.. Liar

http://en.wikipedia.org/wiki/General_Re
BH subsidiary

What was the other 'fact' you put out then asked me to provide the rebuttal? Don't be a QW...! Shame on you Google is your friend! Laughing out loudly Laughing out loudly Laughing out loudly

As for KenRe... I am not a fan coz I do not trust the management as much as Jubilee but at a lower price I would consider buying KenRe...


The management might be suspicious but looking at how the company has performed over the yrs I admire the management in that they have recorded a steady growth on all sectors.the reduction of the dividend payout was as a result of the new insurance act that restrict companies on the amount they should pay as dividends.
'......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
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the deal
#47 Posted : Wednesday, June 29, 2011 1:51:16 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Kenya Re is a darkhorse never rule it out completely but I agree with what @Selah has said...in 2010 this guys investment income was up a dismal 56% in fact of all insurers on the NSE Kenya Re is the only one that makes money from its core business and it can withstand an NSE downturn..now with a great management team this company can go places...but the risks remain like in any business I.e what @Selah has written above.
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guru267
#48 Posted : Wednesday, June 29, 2011 1:57:13 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
selah wrote:
the reduction of the dividend payout was as a result of the new insurance act that restrict companies on the amount they should pay as dividends.


@selah where is this information located??
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#49 Posted : Wednesday, June 29, 2011 1:58:23 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
selah wrote:
The management might be suspicious but looking at how the company has performed over the yrs I admire the management in that they have recorded a steady growth on all sectors.the reduction of the dividend payout was as a result of the new insurance act that restrict companies on the amount they should pay as dividends.


What exactly was the change in the insurance act? Please provide the actual change or even better a link to support this.
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Layman
#50 Posted : Wednesday, June 29, 2011 2:27:25 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
....there has been no such change in the insurance act.
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