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Kenya Re HY16
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Pesa Nane
#1 Posted : Monday, August 29, 2016 8:34:10 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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guru267
#2 Posted : Monday, August 29, 2016 9:17:43 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Pesa Nane wrote:


EPS up.. in this economy thats alright Applause
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#3 Posted : Monday, August 29, 2016 10:51:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Applause Applause Applause @VVS is pleased. It has been a tough 6 months but KenRe has performed well. Drool Drool Drool
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kaimbaga2012
#4 Posted : Tuesday, August 30, 2016 9:46:46 AM
Rank: New-farer

Joined: 10/25/2011
Posts: 67
guru267 wrote:
Pesa Nane wrote:


EPS up.. in this economy thats alright Applause



I don't get it how Total Comprehensive income is down but E.P.S is up. Somebody kindly explain this to me
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guru267
#5 Posted : Tuesday, August 30, 2016 10:23:04 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kaimbaga2012 wrote:
guru267 wrote:
Pesa Nane wrote:


EPS up.. in this economy thats alright Applause



I don't get it how Total Comprehensive income is down but E.P.S is up. Somebody kindly explain this to me


EPS looks at only the P&L.

TCI includes NSE losses.
Mark 12:29
Deuteronomy 4:16
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kaimbaga2012
#6 Posted : Tuesday, August 30, 2016 10:39:26 AM
Rank: New-farer

Joined: 10/25/2011
Posts: 67
guru267 wrote:
kaimbaga2012 wrote:
guru267 wrote:
Pesa Nane wrote:


EPS up.. in this economy thats alright Applause



I don't get it how Total Comprehensive income is down but E.P.S is up. Somebody kindly explain this to me


EPS looks at only the P&L.

TCI includes NSE losses.



Thanks Guru267
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Ericsson
#7 Posted : Tuesday, August 30, 2016 3:07:35 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
LONG LIVE KENYA RE
Share price behaving appropriately today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#8 Posted : Tuesday, August 30, 2016 4:40:59 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
It's losses in the NSE is about sh.239mn which is unrealised coz the portfolio hasn't been liquidated.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#9 Posted : Tuesday, August 30, 2016 8:54:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
It's losses in the NSE is about sh.239mn which is unrealised coz the portfolio hasn't been liquidated.


- Kenya Re has sold some shares in 1H [Investor Briefing] but IMHO not enough. Now they are looking at loading up.
- Preference was given to T-Bonds and T-Bills esp in Oct 2015 and the benefits are seen in 2015.
- Plans are being made for a new office building but likely to break ground in 2017 at the earliest.
- Currently the properties are leased out with 97% occupancy.
- No money in Chase/Imperial.
- 1H 2016 had large payouts for the Nepal earthquake. These have almost ended.
- Zep Re is critical for KenRe to expand (via Zep Re) into Africa.
- KenRe is doing OK in Zambia [for Southern Africa] and in Abidjan. There are challenges eg currency, competition, etc.
- Current ratings by GCR and AM Best are good.
- Lots of cash, bank deposits and Gov't securities.
- Property "valuation gains" [if any] will come through in 2H.

@VVS is content with Mwarania and team. Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#10 Posted : Tuesday, August 30, 2016 11:03:06 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Ericsson wrote:
It's losses in the NSE is about sh.239mn which is unrealised coz the portfolio hasn't been liquidated.


- Kenya Re has sold some shares in 1H [Investor Briefing] but IMHO not enough. Now they are looking at loading up.
- Preference was given to T-Bonds and T-Bills esp in Oct 2015 and the benefits are seen in 2015.
- Plans are being made for a new office building but likely to break ground in 2017 at the earliest.
- Currently the properties are leased out with 97% occupancy.
- No money in Chase/Imperial.
- 1H 2016 had large payouts for the Nepal earthquake. These have almost ended.
- Zep Re is critical for KenRe to expand (via Zep Re) into Africa.
- KenRe is doing OK in Zambia [for Southern Africa] and in Abidjan. There are challenges eg currency, competition, etc.
- Current ratings by GCR and AM Best are good.
- Lots of cash, bank deposits and Gov't securities.
- Property "valuation gains" [if any] will come through in 2H.

@VVS is content with Mwarania and team. Applause Applause Applause


Very good performance. Received a dividend this month, Waiting for a bonus end of year smile
Life is short. Live passionately.
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