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Kenya Re - what gives?

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murchr		#31 Posted : Thursday, November 07, 2013 7:14:34 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Pesa Nane wrote: murchr wrote: Would you know what the % of Wanjiku holding this share is? Kenya-Re Shareholding as at Sept. 2013 Foreign shareholding = 20,865,001 shares = 2.98% Local Individual = 106,182,045 shares = 15.17% Local Institutions = 572,902,022 = 81.85% TOTAL = 699,949,068 shares = 100% Asante "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 .
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Ericsson		#32 Posted : Thursday, November 07, 2013 1:12:17 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Also in the list of top companies it has portfolios is Safaricom. Investment Income normally gives them a good income. next year they are to break ground in putting up a commercial building in the Upper Hill land Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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guru267		#33 Posted : Thursday, November 07, 2013 2:06:21 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Ericsson wrote: Also in the list of top companies it has portfolios is Safaricom. Investment Income normally gives them a good income. next year they are to break ground in putting up a commercial building in the Upper Hill land Kenya Re doesn't really benefit from change in share prices in terms of EPS... The rising portfolio only affects NAV here due to their accounting style! Mark 12:29 Deuteronomy 4:16
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Cde Monomotapa		#34 Posted : Thursday, November 07, 2013 2:15:59 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		guru267 wrote: Ericsson wrote: Also in the list of top companies it has portfolios is Safaricom. Investment Income normally gives them a good income. next year they are to break ground in putting up a commercial building in the Upper Hill land Kenya Re doesn't really benefit from change in share prices in terms of EPS... The rising portfolio only affects NAV here due to their accounting style! So we've bought into a 'unit trust' whose quoted price is lagging its under-lying investments?? Hallelujah!
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guru267		#35 Posted : Thursday, November 07, 2013 3:06:36 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Cde Monomotapa wrote: guru267 wrote: Ericsson wrote: Also in the list of top companies it has portfolios is Safaricom. Investment Income normally gives them a good income. next year they are to break ground in putting up a commercial building in the Upper Hill land Kenya Re doesn't really benefit from change in share prices in terms of EPS... The rising portfolio only affects NAV here due to their accounting style! So we've bought into a 'unit trust' whose quoted price is lagging its under-lying investments?? Hallelujah! Big opportunity here... Mark 12:29 Deuteronomy 4:16
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Cde Monomotapa		#36 Posted : Thursday, November 07, 2013 6:45:36 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		OK. This should also provide for a good read on the outlook for re/insurance in Africa. V/Interesting: ZEP-RE Africa Outlook Brochure http://issuu.com/outlook...outlook_zep-re_brochure What caught my eye after Takaful insurance, is the emergence of infrastructure insurance. Extrapolating that Africa wide and we're talking tons of opportunity indeed.
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Ericsson		#37 Posted : Friday, November 08, 2013 10:46:56 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Kenya Re is also in the top ten shareholders list of CIC Insurance group Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#38 Posted : Friday, November 08, 2013 11:16:56 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		Ericsson wrote: Kenya Re is also in the top ten shareholders list of CIC Insurance group They should sell out. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#39 Posted : Friday, November 08, 2013 11:19:49 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		@VituVingiSana;The stake/number of shares is not that significant as the majority of the stake is held by the saccos. I don't see the reason to sell out as CIC is the only insurance company that makes underwriting profit Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Cde Monomotapa		#40 Posted : Friday, November 08, 2013 11:22:09 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Tunasema @Ericsson ni mtu wa maana sana! Cheers man..
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