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kenya RE full yr profits
mypesa
#1 Posted : Thursday, April 15, 2010 5:31:05 PM
Rank: Member

Joined: 8/14/2007
Posts: 111
guys any idea for the big date..normally they announce before end of april.am expecting a rise from last yrs
this week hit a max of 14bob
Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
Horton
#2 Posted : Thursday, April 15, 2010 5:36:15 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
read somewhere 20th april 2010.
cnn
#3 Posted : Thursday, April 15, 2010 5:50:16 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
They better be good.I have a ton in there.
PKoli
#4 Posted : Thursday, April 15, 2010 6:27:07 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Growth has been consistently good. I read analysis report from Faida securities and they were pegging price at about 21 after 3rd quarter results.

Me thinks they share will be in the range of 18-20. With expected eps of 2.5 or thereabouts, it should not be trading in the sub 20 region. Obviously assuming the current noise about the CEO business dies.

Anything below 15 should be a good buy.

@cnn; I am sure you must be having half a million shares! when you say half a tone. Based on lat years' dividend yiled, this yr, you should smile all the way.
Horton
#5 Posted : Thursday, April 15, 2010 7:56:07 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
u do know that their monopoly ends this year right?
VituVingiSana
#6 Posted : Thursday, April 15, 2010 9:25:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Not all gains will be recurring...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#7 Posted : Friday, April 16, 2010 3:52:40 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Not all gains will be recurring...



oh yeah thats right, last year they had a "property reevaluation of 565m which boosted their profits. on the plus side for them, they have moved away from marine insurance.... they seriously need to adopt a geico type of deal!

guru267
#8 Posted : Friday, April 16, 2010 6:02:23 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i flew big time into this counter at 12.5bob so i'm hoping their results are good... though anyone expecting VERY good dividends may be disappointed since the company is looking to boost their capital adequacy ratios to venture more into the life business... i'm looking for a dividend of 60-80cents or a bonus issue

Faida's target price of 21bob was for the end of 2011 though i expect it much sooner since the stock is trading way below the sector P/E...

i'm looking for a profit growth of 13%-17% for 2009 but this is set to improve with the growth of their life business, drive to improve underwritng profitability and venturing into more liquid investments....

S&P expects results to be announced on 20th April
Mark 12:29
Deuteronomy 4:16
Scubidu
#9 Posted : Friday, April 16, 2010 10:08:01 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
Actually the target price was revised upwards to 23 according to their weekly report. they surely have the earnings for a bonus, sounds like the best course of action. I don't understand y the mandatory cessions shud be removed, what was the reason for that?

Just talked to a tech analyst at Dyer looking at weekly shifts in price. tells me of major resistence at 14, but strong momentum. He tells me he put a fib retracement on Kenya Re at the lowest swing low of 7.50, said wud go to a high of 14.65, then back to 9.20 then break to 16.00...18.05 at the most, no timeline...he's a reliable guy;

i don't know much tech but he says using classic chart patterns, there seems to be a 'cup and handle' pattern forming on Kenya Re with a breakout at 15.00...damn what does that all mean?
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
guru267
#10 Posted : Friday, April 16, 2010 10:40:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@scubidu i think the cessions will be removed to promote fair competition for market....

as for the price your broker is very right... there is heavy resistance at 14bob because there was HUGE buying at 7.5-10...

but i do not agree with the price falling back to 9.20 unless the bears return to the NSE...

as for the cup and handle... he is so right this is a classic example and the breakout at 15 means that the price will rally if it hits 15 due to limited supply after heavy buying between 12.5-13.5

http://www.investopedia....erms/c/cupandhandle.asp

compare the example to this
http://investing.busines...pshot.asp?ticker=KNRE:KN
Mark 12:29
Deuteronomy 4:16
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