Wazua
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Kenya Re HY15 PAT up 20%
Rank: Elder Joined: 12/4/2009 Posts: 10,809 Location: NAIROBI
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And the company has zero zero debt Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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Cde Monomotapa wrote:murchr wrote:VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. But ofcourse, the books have been showing it for a while....& they don't factor in investments at the NSE @vvs is quite the character. Man of jumbled thoughts. #TukoFiti  What did I say? #TeamKenRe Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. Is there a KenRe buy reco that doesn't mention low PE?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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whiteowl wrote:VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. Is there a KenRe buy reco that doesn't mention low PE? I will not sell my Kenya Re at any price below 36/ Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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sparkly wrote:whiteowl wrote:VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. Is there a KenRe buy reco that doesn't mention low PE? I will not sell my Kenya Re at any price below 36/ The NAV/share is almost 30. So Cytonn's target 24/- is understated. I think GoK's 60% ownership is the reason for the discount. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:whiteowl wrote:VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. Is there a KenRe buy reco that doesn't mention low PE? I will not sell my Kenya Re at any price below 36/ The NAV/share is almost 30. So Cytonn's target 24/- is understated. I think GoK's 60% ownership is the reason for the discount. same government is giving interest >22% on risk free paper. Life is short. Live passionately.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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sparkly wrote:VituVingiSana wrote:sparkly wrote:whiteowl wrote:VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. Is there a KenRe buy reco that doesn't mention low PE? I will not sell my Kenya Re at any price below 36/ The NAV/share is almost 30. So Cytonn's target 24/- is understated. I think GoK's 60% ownership is the reason for the discount. same government is giving interest >22% on risk free paper. ....and Kenya Re is a big beneficiary of the 22% paper! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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Boris Boyka wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:whiteowl wrote:VituVingiSana wrote:Cytonn says KenRe is the best buy in the insurance sector. Is there a KenRe buy reco that doesn't mention low PE? I will not sell my Kenya Re at any price below 36/ The NAV/share is almost 30. So Cytonn's target 24/- is understated. I think GoK's 60% ownership is the reason for the discount. same government is giving interest >22% on risk free paper. ....and Kenya Re is a big beneficiary of the 22% paper! KenyaRe should throw all the cash it has into 22% paper for now. Plus long-dated tax-free IFBs yielding 13%. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kenya Re HY15 PAT up 20%
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