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Kenya Re - what gives?
VituVingiSana
#581 Posted : Saturday, October 14, 2017 5:00:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
KenRe vid 1H 2017 https://www.facebook.com...ideos/1513347512058887/

@Ebenyo - Unga will have an interesting 2017-18. I hope we get lots of "good" [not heavy and sporadic that causes flooding] rain in your grain baskets. We should not be importing so much maize and wheat.

KenRe has been hurt with the reduction in economic activity in 2017 as businesses scale back expansion plans as well as a slowdown in business. That is evident from 1H 2017 results.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#582 Posted : Saturday, October 14, 2017 5:31:43 AM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
VituVingiSana wrote:
KenRe vid 1H 2017 https://www.facebook.com...ideos/1513347512058887/

@Ebenyo - Unga will have an interesting 2017-18. I hope we get lots of "good" [not heavy and sporadic that causes flooding] rain in your grain baskets. We should not be importing so much maize and wheat.

KenRe has been hurt with the reduction in economic activity in 2017 as businesses scale back expansion plans as well as a slowdown in business. That is evident from 1H 2017 results.

@vvs I have earned both capital gains and dividend on various counters at the NSE, USE & RSE such as BOK, BRLW, COOP, HF, KCB KEGN, KENRE, SBU.. It's just that right now I am aiming for a different type of kill. By the way UNGA is likely to post a marginal profit if not a loss, while KQ will post a marginal loss if not a profit
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#583 Posted : Monday, October 16, 2017 3:38:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...141638-a8ujno/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#584 Posted : Tuesday, October 17, 2017 11:19:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency
obiero
#585 Posted : Tuesday, October 17, 2017 11:29:02 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Ericsson wrote:
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Ericsson
#586 Posted : Wednesday, October 18, 2017 12:50:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
obiero wrote:
Ericsson wrote:
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Mandatory concession doesn't mean you will be efficient.You can have mandatory and guaranteed business and still be inefficient e.g
Telkom kenya,KQ,kenya Railways
Key is do your best with the opportunity given to you at a particular time
VituVingiSana
#587 Posted : Wednesday, October 18, 2017 5:13:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
obiero wrote:
Ericsson wrote:
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Well, KQ despite being designated the "National Airline" and protected with prime slots at JKIA could not cut the mustard...
KCAA has been reluctant to allow charter flights to Nairobi to protect KQ.
Fastjet was ostensibly denied certain rights to protect KQ.

KenRe has paid me a dividend since 2013 to me, has KQ?

Bottomline: KenRe remains a good investment choice vs many other firms. Is KenRe perfect? NO...
Is the Corporate Governance good? YES [until I hear otherwise]
Is it well run [at the moment]? YES...
Is KenRe profitable? YES
Is its P/B attractive? YES
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#588 Posted : Thursday, October 19, 2017 5:44:52 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,220
Location: Kitale
VituVingiSana wrote:
KenRe vid 1H 2017 https://www.facebook.com...ideos/1513347512058887/

@Ebenyo - Unga will have an interesting 2017-18. I hope we get lots of "good" [not heavy and sporadic that causes flooding] rain in your grain baskets. We should not be importing so much maize and wheat.

KenRe has been hurt with the reduction in economic activity in 2017 as businesses scale back expansion plans as well as a slowdown in business. That is evident from 1H 2017 results.



i read somewhere in the news recently that Unga will install some new machines in their eldoret depot to save costs.I liked so much as the expense were too high in the HY which led to Full year loss.I will get back after book closure.

KENRE looks solid.I got their first dividends this year and i intend to keep it and add more over the time.its my only insurance counter and i will keep it that way untill otherwise.
Dont work for money.Let your money work for you.
Ebenyo
#589 Posted : Tuesday, January 09, 2018 3:58:23 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,220
Location: Kitale
the thread "kenya-re hy 17 results" is missing.was it deleted or what? tried to look for it in vain.
Dont work for money.Let your money work for you.
Ericsson
#590 Posted : Tuesday, January 09, 2018 4:53:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
Ebenyo wrote:
the thread "kenya-re hy 17 results" is missing.was it deleted or what? tried to look for it in vain.


It's still there,what do you want to say
Pirate
#591 Posted : Wednesday, January 10, 2018 12:34:12 PM
Rank: Member


Joined: 4/4/2007
Posts: 82
Someone just bought 3m shares . Anything cooking ?
Knowledge is power , but action gets things done ...
Ericsson
#592 Posted : Wednesday, January 10, 2018 12:39:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
Pirate wrote:
Someone just bought 3m shares . Anything cooking ?


Repositioning for full year results
https://www.businessdail.../539552-4256500-vgbf11/

Read the article,foreign investors have been net buyers on kenya re since year began
Pirate
#593 Posted : Wednesday, January 10, 2018 12:45:39 PM
Rank: Member


Joined: 4/4/2007
Posts: 82
Ericsson wrote:
Pirate wrote:
Someone just bought 3m shares . Anything cooking ?


Repositioning for full year results
https://www.businessdail.../539552-4256500-vgbf11/

Read the article,foreign investors have been net buyers on kenya re since year began

Sharp!
Knowledge is power , but action gets things done ...
obiero
#594 Posted : Wednesday, April 04, 2018 5:53:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html


Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Well, KQ despite being designated the "National Airline" and protected with prime slots at JKIA could not cut the mustard...
KCAA has been reluctant to allow charter flights to Nairobi to protect KQ.
Fastjet was ostensibly denied certain rights to protect KQ.

KenRe has paid me a dividend since 2013 to me, has KQ?

Bottomline: KenRe remains a good investment choice vs many other firms. Is KenRe perfect? NO...
Is the Corporate Governance good? YES [until I hear otherwise]
Is it well run [at the moment]? YES...
Is KenRe profitable? YES
Is its P/B attractive? YES

Kenya Re unlike KQ, has virtually no competition if you consider the mandatory concessions. Corporate governance dead as a dodo @chief vvs .. You live to fight another battle! Never dispute exchange bar information..
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
VituVingiSana
#595 Posted : Wednesday, April 04, 2018 8:33:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,164
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html


Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Well, KQ despite being designated the "National Airline" and protected with prime slots at JKIA could not cut the mustard...
KCAA has been reluctant to allow charter flights to Nairobi to protect KQ.
Fastjet was ostensibly denied certain rights to protect KQ.

KenRe has paid me a dividend since 2013 to me, has KQ?

Bottomline: KenRe remains a good investment choice vs many other firms. Is KenRe perfect? NO...
Is the Corporate Governance good? YES [until I hear otherwise]
Is it well run [at the moment]? YES...
Is KenRe profitable? YES
Is its P/B attractive? YES

Kenya Re unlike KQ, has virtually no competition if you consider the mandatory concessions. Corporate governance dead as a dodo @chief vvs .. You live to fight another battle! Never dispute exchange bar information..

Exchange Bar had NOTHING to say about KenRe before we all read about Mwarania's sacking.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Horton
#596 Posted : Wednesday, April 04, 2018 9:21:46 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,158
Location: Nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html


Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Well, KQ despite being designated the "National Airline" and protected with prime slots at JKIA could not cut the mustard...
KCAA has been reluctant to allow charter flights to Nairobi to protect KQ.
Fastjet was ostensibly denied certain rights to protect KQ.

KenRe has paid me a dividend since 2013 to me, has KQ?

Bottomline: KenRe remains a good investment choice vs many other firms. Is KenRe perfect? NO...
Is the Corporate Governance good? YES [until I hear otherwise]
Is it well run [at the moment]? YES...
Is KenRe profitable? YES
Is its P/B attractive? YES

Kenya Re unlike KQ, has virtually no competition if you consider the mandatory concessions. Corporate governance dead as a dodo @chief vvs .. You live to fight another battle! Never dispute exchange bar information..

Exchange Bar had NOTHING to say about KenRe before we all read about Mwarania's sacking.


Personally, I can now consider this counter. I really hated the lethargy Mwaraniaโ€™s team displayed. I will wait to see who is appointed.
I own shares in KCB,CYTONN, BRK.B
obiero
#597 Posted : Wednesday, April 04, 2018 10:01:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
obiero wrote:
VituVingiSana wrote:
mulla wrote:
Ericsson wrote:
sparkly wrote:
obiero wrote:
VituVingiSana wrote:
sparkly wrote:
obiero wrote:
Horton wrote:
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

Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years

Why are we discussing KQ on this thread?

KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :)


Good investments do not attract attention and passion. The converse is true for poor investments.

Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs
. KQ, HAL, Mumias, Uchumi. The results will be obvious.

"You cannot make money buying what is popular" - WB applies all the time.


Spoken like 10 elders

Laughing out loudly Laughing out loudly so true....human psycology is weird...instead of discussing good firms that can make you money instead most would rather bash in a non-performing company "glorify"in its failure...

Not true.
Some of feel we have a civic duty to call out the BS peddled by some "paid" liars. These liars portray a false image of the firm. Pump and Dump.
Also there are lessons to be learnt on how to assess a firm's management and performance. I have learnt many lessons from my unfortunate foray into Olympia and KQ. Lessons I try to apply to other investments e.g. debt:equity, corporate governance, management ownership, etc.

KenyaRe is an investment I made after selling off my KQ. It's not flashy, the CEO isn't on many (unrelated) boards, is cash rich and has a moat. KQ was/had none of these. It's share price is lethargic but I am a net buyer who loves discounted stocks. I can wait 5 or 10 years before there's a meaningful increase in price.

KenRe facing massive downward pressure.. We wish the travellers on this bus, a safe journey

Cough cough
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
obiero
#598 Posted : Wednesday, April 04, 2018 10:02:51 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
obiero wrote:
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...atistics&Itemid=190

@vvs
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Ericsson
#599 Posted : Thursday, April 05, 2018 5:39:11 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,829
Location: NAIROBI
obiero wrote:
obiero wrote:
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...atistics&Itemid=190

@vvs

He is happy the counter has been included in the NSE 20 Share index
obiero
#600 Posted : Thursday, April 05, 2018 6:53:01 AM
Rank: Elder


Joined: 6/23/2009
Posts: 9,207
Location: nairobi
Ericsson wrote:
obiero wrote:
obiero wrote:
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...atistics&Itemid=190

@vvs

He is happy the counter has been included in the NSE 20 Share index

Hehe.. Its an achievement of sorts. Only hope that the share will rise against all odds
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
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