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KenyaRe FY 2013 results PAT up 7%
murchr
#11 Posted : Tuesday, April 29, 2014 2:09:26 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
stock.enigma wrote:
Div yield @ 3%
Expect the share to fall


That was expected very mean in div, i was expecting less
"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
.
VituVingiSana
#12 Posted : Tuesday, April 29, 2014 2:35:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
ngapat wrote:
I don't understand why the share has taken a beating today. My target was for the company not to report a drop in earnings. Even flat growth would have been fyn with me. Will add more
Makes sense! Though the drop is not enough to make me want to jump in with both feet...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#13 Posted : Tuesday, April 29, 2014 2:37:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
The performance was better than expected including the dividend.
Had expected at maximum 45 cents per share but at 60 cents that is 33% beyond expectations.
Share price will recover tomorrow after investors have digested the results.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
dunkang
#14 Posted : Tuesday, April 29, 2014 3:13:26 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
nashx wrote:
I will continue to buy with the mini panic in this share...on a PE basis its very cheap even at 20.5...the 19 price currently is a bargain for me..

The JKIA fire and WestGate exploding Mattresses, are they in FY2013 or FY2014?
Receive with simplicity everything that happens to you.” ― Rashi

VituVingiSana
#15 Posted : Tuesday, April 29, 2014 3:36:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
dunkang wrote:
nashx wrote:
I will continue to buy with the mini panic in this share...on a PE basis its very cheap even at 20.5...the 19 price currently is a bargain for me..

The JKIA fire and WestGate exploding Mattresses, are they in FY2013 or FY2014?
That is the question. And not just when but how much... And all this coming in 2014 so unless Kenya Re gets some big wins in, the (Westgate + JKIA) hit will be substantial despite its placement of risk with other firms.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#16 Posted : Tuesday, April 29, 2014 5:26:50 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
At least ka 17/18 will soon print,lets bet.its not very good set of results to be welcomed well by pple like me,let me see whether majority feel like me from tomoro
"Don't let the fear of losing be greater than the excitement of winning."
ngapat
#17 Posted : Tuesday, April 29, 2014 5:51:22 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
mlennyma wrote:
At least ka 17/18 will soon print,lets bet.its not very good set of results to be welcomed well by pple like me,let me see whether majority feel like me from tomoro

JKIA fire and WestGate attack are the incidences that have spoilt the party. Will their effects appear in the 2014 results and what are the figures here?
“Invest in yourself. Your career is the engine of your wealth.”
mthaka
#18 Posted : Tuesday, April 29, 2014 7:33:13 PM
Rank: Member

Joined: 9/30/2013
Posts: 254
Does anyone know when they pay the divided??
Cde Monomotapa
#19 Posted : Tuesday, April 29, 2014 7:49:30 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I would like to presume that the proponents here have had their expectations surpassed. Tuko Fiti! Revenues, profits, dividend, balance sheet growth - The works! smile

Moving on, been looking for a guidance since and came across this news letter done in Feb. 2014. Interesting read; http://www.kenyare.co.ke...;gid=100&Itemid=444

However, management should provide a latest one as the results issued to the NSE lacked, or we'll get it from the papers soon.

Cheers.
sparkly
#20 Posted : Tuesday, April 29, 2014 8:18:56 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
dunkang wrote:
nashx wrote:
I will continue to buy with the mini panic in this share...on a PE basis its very cheap even at 20.5...the 19 price currently is a bargain for me..

The JKIA fire and WestGate exploding Mattresses, are they in FY2013 or FY2014?
That is the question. And not just when but how much... And all this coming in 2014 so unless Kenya Re gets some big wins in, the (Westgate + JKIA) hit will be substantial despite its placement of risk with other firms.


There is time to cook the books and make up for the shortfalls.
Life is short. Live passionately.
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