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Kenya Re - what gives?
Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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As long as the kleptocrats don't get into KenyaRe, this stock is one I am happy holding for the long(er) term. A Warren Bufffett play. Value. Moat. Earnings. Underwriting profit in most years. Solid investment returns on float. Cash rich. What's not to like except GoK's ownership? [That I watch closely. Any hint of funny business and I am out!] With GoK paying tax-free 13.5% on bonds, I wish KenRe would sell off other assets and stick the money in these bonds!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/21/2015 Posts: 151
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Over 1m shares traded today. Demand and supply numbers hardly changed.
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Rank: Elder Joined: 6/23/2009 Posts: 13,493 Location: nairobi
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AndyC wrote:Over 1m shares traded today. Demand and supply numbers hardly changed. Smart money moving out. Now at KES 18.60 per piece https://www.nse.co.ke/ma...tatistics&Itemid=190
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Rank: Elder Joined: 6/23/2009 Posts: 13,493 Location: nairobi
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Shak wrote:17.50. What's cutting? Nyani anateleza
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Shak wrote:17.50. What's cutting? Nyani anateleza We like them as close to the ground as possible.  I am a buy at th 11-13 support levels. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,493 Location: nairobi
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sparkly wrote:obiero wrote:Shak wrote:17.50. What's cutting? Nyani anateleza We like them as close to the ground as possible. I am a buy at th 11-13 support levels. At KES 15 I could buy this monkey
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Rank: Elder Joined: 6/23/2009 Posts: 13,493 Location: nairobi
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We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus  No, coz now I only buy solid firms that make profits. No speculative stuff. Olympia = conmen like Michael Matu. I sold out 3 years ago. KQ = Thieves. I I sold out in 2012. I&M, KenRe, KK [core holdings] = They are all profitable, pay dividends and have cash. Not +100% firms but I am a Warren Buffett follower. WB says buy value and good governance. So that's what I try to do. It's so hard to live with firms that have made profits since 2013.  I need to follow your lead and pick firms that lose money every year come rain or shine.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus No, coz now I only buy solid firms that make profits. No speculative stuff. Olympia = conmen like Michael Matu. I sold out 3 years ago. KQ = Thieves. I I sold out in 2012. I&M, KenRe, KK [core holdings] = They are all profitable, pay dividends and have cash. Not +100% firms but I am a Warren Buffett follower. WB says buy value and good governance. So that's what I try to do. @VVS do what you know is best. There is a difference between speculators and investors. Investors always come thru. One thing i dont like about this stock though is timidness fof management.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Horton wrote:VituVingiSana wrote:obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus No, coz now I only buy solid firms that make profits. No speculative stuff. Olympia = conmen like Michael Matu. I sold out 3 years ago. KQ = Thieves. I I sold out in 2012. I&M, KenRe, KK [core holdings] = They are all profitable, pay dividends and have cash. Not +100% firms but I am a Warren Buffett follower. WB says buy value and good governance. So that's what I try to do. @VVS do what you know is best. There is a difference between speculators and investors. Investors always come thru. One thing i dont like about this stock though is timidness fof management. Rule #1 : Don't lose money [the business. Share price fluctuations are irrelevant in the long-term when the shares are bought at fair or cheap prices vs values] Rule #2 : Look at rule #1 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KE NO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus Since he is a long term investor,the best way to ask him is if at the end of last year;what was his annual returns in his portfolio as to a) dividends b) capital gains Towards the goal of financial freedom
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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In one day it's up to 20. This counter behaves like safaricom
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Obiero has gone quiet Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Angelica _ann wrote:Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage Even pricewise they are together (safaricom and Kenya Re).No one leaves the other far away. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,493 Location: nairobi
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Ericsson wrote:Angelica _ann wrote:Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage Even pricewise they are together (safaricom and Kenya Re).No one leaves the other far away. Hahaha
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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obiero wrote:Ericsson wrote:Angelica _ann wrote:Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage Even pricewise they are together (safaricom and Kenya Re).No one leaves the other far away. Hahaha Ni kama bibinabwana Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info
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Kenya Re - what gives?
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