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Kenya Re - what gives?
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VituVingiSana
#41 Posted : Friday, November 08, 2013 11:31:24 AM
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Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
@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
I find the P/B quite high for CIC. And Britam I believe makes or made an underwriting profit too.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#42 Posted : Friday, November 08, 2013 11:55:13 AM
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Posts: 10,808
Location: NAIROBI
@VituVingiSana;
The P/B is quite high because of the future anticipated growth of the company.Another company with a similar high P/B is ARM,Safaricom,EABL,NMG
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mypesa
#43 Posted : Friday, November 08, 2013 12:04:51 PM
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Joined: 8/14/2007
Posts: 111
Any expected News On Kenya-re ?
Demand heading North for like 3days ..For those with info is demand more from Local or Foreign Buyers
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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  | | Edit by user: Friday, November 08, 2013 2:51 PM | Reason: Spelling
VituVingiSana
#44 Posted : Friday, November 08, 2013 12:18:37 PM
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Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
@VituVingiSana;
The P/B is quite high because of the future anticipated growth of the company.Another company with a similar high P/B is ARM,Safaricom,EABL,NMG
True. And I missed out on all of them! ARM, Safcom, EABL [from the 200s], NMG and CIC...!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#45 Posted : Friday, November 08, 2013 12:41:37 PM
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Joined: 5/31/2011
Posts: 5,121
@Ericsson,note insurance industry report indicates all listed insurance companies made underwriting profit smile Ref: Table 19 on page 29 http://www.akinsure.com/compone...-industry-report?Itemid=
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Ericsson
#46 Posted : Friday, November 08, 2013 12:48:58 PM
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Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@mwekez@ji;
Check their annual book of accounts report.
Kenya re admitted they made an underwriting loss.
CIC made an underwriting profit.Most insurance companies make profits from investment income and unrealised gains in quoted equities,bonds etc
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#47 Posted : Friday, November 08, 2013 1:00:51 PM
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Joined: 5/31/2011
Posts: 5,121
@Ericsson, Kenya Re was not covered in the report coz it’s a re-insurer . All noted listed insurers made underwriting profit and investment income. Sample Jubilee report which explicitly states their underwriting profit http://www.jubileeinsurance.com...%20Report-2012-Final.pdf
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  | | Edit by user: Friday, November 08, 2013 1:27 PM | Reason: Not specified
Ericsson
#48 Posted : Friday, November 08, 2013 2:44:27 PM
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Location: NAIROBI
Kenya Re trading at a high of ksh.16.70.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mypesa
#49 Posted : Friday, November 08, 2013 2:56:23 PM
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Joined: 8/14/2007
Posts: 111
there could be some news in the offing on Kenya Re
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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mwekez@ji
#50 Posted : Friday, November 08, 2013 2:59:22 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Demand: 1,220,000
Supply: 100,200
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