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Kenya Re HY15 PAT up 20%
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Ericsson
#11 Posted : Wednesday, August 12, 2015 4:05:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Most profitable in the insurance sector but on the bottom scale when it comes to mkt capitalization in the NSE.
Admin do the necessary to prop this thing to ksh.45-50 range or P/E of 10
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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guru267
#12 Posted : Thursday, August 13, 2015 7:25:00 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
True value will only be unlocked KCB style when GOK sell it's majority stake~
Mark 12:29
Deuteronomy 4:16
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heri
#13 Posted : Thursday, August 13, 2015 10:09:54 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
guru267 wrote:
True value will only be unlocked KCB style when GOK sell it's majority stake~


is this likely to happen in the near future (<5 years)

Maybe in another administration. The Jubilee admin has not sold any GOK owned companies and am not sure there are any plans to do so

is Kenya Re strategic to GOK to have such high shareholding?
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Elephant Man
#14 Posted : Thursday, August 13, 2015 10:14:57 AM
Rank: Member

Joined: 12/24/2008
Posts: 112
Maybe the recent increase in the period and rate of mandatory cessions is GOK's way of fattening the cow...
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VituVingiSana
#15 Posted : Thursday, August 13, 2015 2:32:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
heri wrote:
guru267 wrote:
True value will only be unlocked KCB style when GOK sell it's majority stake~


is this likely to happen in the near future (<5 years)

Maybe in another administration. The Jubilee admin has not sold any GOK owned companies and am not sure there are any plans to do so

is Kenya Re strategic to GOK to have such high shareholding?

Strategic to GoK? No.
GoK can maintain a shareholding of 25% like it has in KCB as an investment.
KenRe is a target for a Reinsurer that wants Africa exposure with on the ground expertise. They will not pay crazy money for it but the NAV is 30+ and that is 60% higher than the current price.
GoK will not let go of KenRe for a few years. This is a long-term play. Vision 2030.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#16 Posted : Thursday, August 13, 2015 3:07:59 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
GOK is also benefitting from the dividends it gets from Kenya re.
This assists them in meeting revenue targets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#17 Posted : Thursday, August 13, 2015 3:10:15 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
6%in last 10 mins what changed :)
Offering my personal finance knowledge for free
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Ericsson
#18 Posted : Thursday, August 13, 2015 3:18:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@nashx;
This forum is also viewed by serious investors who after reading the info being posted saw the counter as a gem stone and are snapping the shares.
Volume is also quite high @2.76mn shares traded
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#19 Posted : Thursday, August 13, 2015 3:35:09 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Yeah a gem it is indeed...luckily i had loaded some at 16.8 today :)
Offering my personal finance knowledge for free
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murchr
#20 Posted : Thursday, August 13, 2015 5:53:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
@nashx;
This forum is also viewed by serious investors who after reading the info being posted saw the counter as a gem stone and are snapping the shares.
Volume is also quite high @2.76mn shares traded


93.7% Foreign investor/s
"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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