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Insurance Counters at NSE - Valuation & recommendation
hisah
#111 Posted : Friday, July 26, 2013 12:41:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Oil and gas will definitely make banks, audit, law, insurance and construction firms magnetic to M&A deluge...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#112 Posted : Saturday, July 27, 2013 6:38:34 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
First RE ----- Any details on it?
"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
.
mwekez@ji
#113 Posted : Saturday, July 27, 2013 11:08:04 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
murchr wrote:
First RE ----- Any details on it?


First Reinsurance Brokers Ltd is a wholly owned subsidiary of Pacific Insurance Brokers (EA) Ltd. It was incorporated in 1993 with one staff member which has now grown to 10 staff members as per its website. They are celebrating 20 years of existence and growth. I see the following graph on their gross premium growth. Note the figures are in billions.






There was something about them in yesterdays news. wasnt following. what was it?


.
mwekez@ji
#114 Posted : Saturday, July 27, 2013 1:41:19 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@murchr, see list of 164 insurance brokers in Kenya of which 3 are reinsurance brokers {First Reinsurance Brokers Limited, Levitts International Reinsurance Brokers and BTB Insurance Brokers Limited (Re-Insurance)} >>> http://softkenya.com/insurance/...urance-brokers-in-kenya/
murchr
#115 Posted : Saturday, July 27, 2013 3:21:27 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
@murchr, see list of 164 insurance brokers in Kenya of which 3 are reinsurance brokers {First Reinsurance Brokers Limited, Levitts International Reinsurance Brokers and BTB Insurance Brokers Limited (Re-Insurance)} >>> http://softkenya.com/insurance/...urance-brokers-in-kenya/


Thanks..
"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
.
murchr
#116 Posted : Wednesday, August 14, 2013 7:06:35 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Jubilee Net Profit - Ksh 882M
Gross Premiums +1.1B
Gross Revenue +13% to - Ksh11.94B

Kenya RE PAT - 1.19B
Gross Premiums +20% - 4B
Inv income - 1.2B
OP exp +34% - 513M
Tax +50%

Pan Africa
Profit - 800m
Anyone with the numbers pls share, i dont see much from the article apart from selling land.
"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
.
Metasploit
#117 Posted : Wednesday, August 14, 2013 7:22:01 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Britam has been trading sideways for tooo long and today a spike(relative to past volumes) of 2M shares ahead of H1 announcement.This will either break up or down

Cartonists shade more light

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
muganda
#118 Posted : Wednesday, August 14, 2013 7:39:36 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
murchr wrote:
Jubilee Net Profit - Ksh 882M
Gross Premiums +1.1B
Gross Revenue +13% to - Ksh11.94B

Kenya RE PAT - 1.19B
Gross Premiums +20% - 4B
Inv income - 1.2B
OP exp +34% - 513M
Tax +50%

Pan Africa
Profit - 800m
Anyone with the numbers pls share, i dont see much from the article apart from selling land.

Pan Africa
Gross premiums down (34%)
Other revenue increase 38%
Gross revenue down (15%)
Profit up 266% primarily due to
--fair value gains on unlisted investment
--1.5b gain fom net change in contract liabilities

https://www.nse.co.ke/listed-com...gs-ltd-half-year-results
murchr
#119 Posted : Wednesday, August 14, 2013 7:47:50 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
muganda wrote:
murchr wrote:
Jubilee Net Profit - Ksh 882M
Gross Premiums +1.1B
Gross Revenue +13% to - Ksh11.94B

Kenya RE PAT - 1.19B
Gross Premiums +20% - 4B
Inv income - 1.2B
OP exp +34% - 513M
Tax +50%

Pan Africa
Profit - 800m
Anyone with the numbers pls share, i dont see much from the article apart from selling land.

Pan Africa
Gross premiums down (34%)
Other revenue increase 38%
Gross revenue down (15%)
Profit up 266% primarily due to
--fair value gains on unlisted investment
--1.5b gain fom net change in contract liabilities

https://www.nse.co.ke/listed-com...gs-ltd-half-year-results


Thank you @muganda So why the drum beats for a Pan Africa buy....
"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
.
Metasploit
#120 Posted : Wednesday, August 14, 2013 7:56:33 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Quote:
Metasploit wrote:
Britam has been trading sideways for tooo long and today a spike(relative to past volumes) of 2M shares ahead of H1 announcement.This will either break up or down

Cartonists shade more light


@Hisah whats your view on Britam ?

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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