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Kenya Re - 2018 and beyond
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Ebenyo
#11 Posted : Monday, March 12, 2018 2:20:38 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
I am re-evaluating my holdings in KenRe.
I had trust in Mwarania.

My only GoK holding [where GoK has a substantial influence/control]...
[Safaricom is (thankfully) controlled by Vodafone and not GoK]




Wait for the full year results first.
Towards the goal of financial freedom
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wukan
#12 Posted : Monday, March 12, 2018 2:46:02 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
VituVingiSana wrote:
I am re-evaluating my holdings in KenRe.
I had trust in Mwarania.

My only GoK holding [where GoK has a substantial influence/control]...
[Safaricom is (thankfully) controlled by Vodafone and not GoK]


Stay away from GoK firms ulcers central. Don't be an equity partner to GoK only buy medium term bonds. You get a better yield that way and a good night sleep.

'acting MD' is very vulnerable position. If they don't like the MD's thinking they replace the 'actor'
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VituVingiSana
#13 Posted : Monday, March 12, 2018 2:59:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
I am re-evaluating my holdings in KenRe.
I had trust in Mwarania.

My only GoK holding [where GoK has a substantial influence/control]...
[Safaricom is (thankfully) controlled by Vodafone and not GoK]


Wait for the full year results first.
Mwarania was there in FY 2017. This is about FY 2018 and beyond.
Kemei doesn't inspire confidence.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#14 Posted : Monday, March 12, 2018 4:41:31 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
I am re-evaluating my holdings in KenRe.
I had trust in Mwarania.

My only GoK holding [where GoK has a substantial influence/control]...
[Safaricom is (thankfully) controlled by Vodafone and not GoK]


Wait for the full year results first.
Mwarania was there in FY 2017. This is about FY 2018 and beyond.
Kemei doesn't inspire confidence.



I feel you VVS, i dont like the tone of the letter either. Time to leave this ship.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Angelica _ann
#15 Posted : Monday, March 12, 2018 5:04:14 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
murchr wrote:
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
I am re-evaluating my holdings in KenRe.
I had trust in Mwarania.

My only GoK holding [where GoK has a substantial influence/control]...
[Safaricom is (thankfully) controlled by Vodafone and not GoK]


Wait for the full year results first.
Mwarania was there in FY 2017. This is about FY 2018 and beyond.
Kemei doesn't inspire confidence.



I feel you VVS, i dont like the tone of the letter either. Time to leave this ship.


they can bring in Mugo Kibati to raffle feathers and things up!!!!
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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  | | Edit by user: Monday, March 12, 2018 5:12 PM | Reason: Not specified
murchr
#16 Posted : Monday, March 12, 2018 5:16:08 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Angelica _ann wrote:
murchr wrote:
VituVingiSana wrote:
Ebenyo wrote:
VituVingiSana wrote:
I am re-evaluating my holdings in KenRe.
I had trust in Mwarania.

My only GoK holding [where GoK has a substantial influence/control]...
[Safaricom is (thankfully) controlled by Vodafone and not GoK]


Wait for the full year results first.
Mwarania was there in FY 2017. This is about FY 2018 and beyond.
Kemei doesn't inspire confidence.



I feel you VVS, i dont like the tone of the letter either. Time to leave this ship.


they can bring in Mugo Kibati to raffle feathers and things up!!!!


Then he resigns after a year Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#17 Posted : Monday, March 12, 2018 5:18:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Hmmm, if Mugo Kibati comes in as MD then it might look interesting but is there a political power play as @Ericsson suggested?

Look at how KPLC was financially decimated since the last Rights Issue by the former & current management.

I will wait for the FY 2017 results BUT for all practical purposes, I might start bailing out at a discount to NAV or even a loss.

What KenRe needs is a STRATEGIC INVESTOR who takes over the management reins and keeps GoK/politics at bay.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either - Warren Buffett

It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense. - Warren Buffett

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Monday, March 12, 2018 5:21 PM | Reason: Not specified
obiero
#18 Posted : Monday, March 12, 2018 6:22:14 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
Hmmm, if Mugo Kibati comes in as MD then it might look interesting but is there a political power play as @Ericsson suggested?

Look at how KPLC was financially decimated since the last Rights Issue by the former & current management.

I will wait for the FY 2017 results BUT for all practical purposes, I might start bailing out at a discount to NAV or even a loss.

What KenRe needs is a STRATEGIC INVESTOR who takes over the management reins and keeps GoK/politics at bay.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either - Warren Buffett

It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense. - Warren Buffett


Mugo Kibati has too much brain power for such a company.. He should be tapped for better things

KQ ABP 4.26
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Horton
#19 Posted : Monday, March 12, 2018 6:26:40 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Hmmm, if Mugo Kibati comes in as MD then it might look interesting but is there a political power play as @Ericsson suggested?

Look at how KPLC was financially decimated since the last Rights Issue by the former & current management.

I will wait for the FY 2017 results BUT for all practical purposes, I might start bailing out at a discount to NAV or even a loss.

What KenRe needs is a STRATEGIC INVESTOR who takes over the management reins and keeps GoK/politics at bay.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either - Warren Buffett

It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense. - Warren Buffett



Not sure whether he had a positive impact at Panafric
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Ericsson
#20 Posted : Monday, March 12, 2018 6:54:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
There was a disagreement between the chairman and the CEO Mwarania.
The chairman wanted to show the CEO who the boss is and decided to fire the CEO without consultation from the other board members.
Let's see how things go and if Kemei decides to put a person from his backyard i would advise anyone owning shares to run away very fast.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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