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Kenya Re - 2018 and beyond
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Between now and 2022 Kenya Re will be looted proper. I am evaluating where to put my money after i liquidate my 15% portfolio in the company. Life is short. Live passionately.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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I totally agree with your sentiments. If you have a look at the shareholding structure, you will be shocked that the chairman of the board holds only a small quantity and he is the chair. sparkly wrote:VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Between now and 2022 Kenya Re will be looted proper. I am evaluating where to put my money after i liquidate my 15% portfolio in the company. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. That last paragraph holds the answer where GoK stocks are concerned...non-core and strictly speculative. Aside from the govt muck involved, Kenya Re has been a poor performer over the years. Even as a speculative pick it hardly inspires any risk taking. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Fyatu wrote:Ericsson wrote:Fyatu wrote:So when a cement's company sees an opportunity in manufacturing clinker both for own use and for sale and goes ahead and invests heavily only for a few headwinds to hit the business later then this is equated as mismanagement by the so called wazua elders?? @Fyatu the clinker story is to cover our faces. I have investigated ARM for some time now. I am a strong believer of cement business and heavily invested(ABP 11bob). I can tell you for a fact that if Magufuli allows coal importation to ease coal shortage in TZ then ARM will return to profitability. My biggest worry is that i no longer see ARM cement in hardwares. Most retail cement is either Mombasa cement, Portland or Simba depending of where you live in Kenya. All the cement making companies in NSE are not doing well currently: Bamburi-only depending on standard gauge railway tender. Arm-broke cause of too much debts Eapc-debts and mismanagement from Gok Towards the goal of financial freedom
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Its risky to put a financial as a core holding.I also have kcb as my core holding comprising 29% of my portfolio.Im planning to change.I was thinking safaricom or kenol.Then valuation discouraged me but im waiting for full year results to make a decision. I also decided to follow @Young advice of balancing between financials and industrials. Financials-40% industrials-60% Towards the goal of financial freedom
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ebenyo wrote:Fyatu wrote:Ericsson wrote:Fyatu wrote:So when a cement's company sees an opportunity in manufacturing clinker both for own use and for sale and goes ahead and invests heavily only for a few headwinds to hit the business later then this is equated as mismanagement by the so called wazua elders?? @Fyatu the clinker story is to cover our faces. I have investigated ARM for some time now. I am a strong believer of cement business and heavily invested(ABP 11bob). I can tell you for a fact that if Magufuli allows coal importation to ease coal shortage in TZ then ARM will return to profitability. My biggest worry is that i no longer see ARM cement in hardwares. Most retail cement is either Mombasa cement, Portland or Simba depending of where you live in Kenya. All the cement making companies in NSE are not doing well currently: Bamburi-only depending on standard gauge railway tender. Arm-broke cause of too much debts Eapc-debts and mismanagement from Gok There's a cement and ARM thread, feel free to take the discussion there. And Admin, you're really slacking these days "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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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Its risky to put a financial as a core holding.I also have kcb as my core holding comprising 29% of my portfolio.Im planning to change.I was thinking safaricom or kenol.Then valuation discouraged me but im waiting for full year results to make a decision. I also decided to follow @Young advice of balancing between financials and industrials. Financials-40% industrials-60% Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ebenyo wrote:VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Its risky to put a financial as a core holding.I also have kcb as my core holding comprising 29% of my portfolio.Im planning to change.I was thinking safaricom or kenol.Then valuation discouraged me but im waiting for full year results to make a decision. I also decided to follow @Young advice of balancing between financials and industrials. Financials-40% industrials-60% Toa masaibu yako hapa ya core holdings. Stick to the topic of Kenya Re Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Ericsson wrote:Ebenyo wrote:VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Its risky to put a financial as a core holding.I also have kcb as my core holding comprising 29% of my portfolio.Im planning to change.I was thinking safaricom or kenol.Then valuation discouraged me but im waiting for full year results to make a decision. I also decided to follow @Young advice of balancing between financials and industrials. Financials-40% industrials-60% Toa masaibu yako hapa ya core holdings. Stick to the topic of Kenya Re Ericson has never shared his portfolio.Vvs is very transparent.We all know he is in Kenya re,kenol,equity,i&m,dtb,williamson,c&gand ftgh. So it seems Ericson portfolio looks like this: Eaagads,olimpya,Eveready,express,kurwitu,atlas,rea vipingo and hutchings biemar. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:Ebenyo wrote:VituVingiSana wrote:sparkly wrote:The Cartels win. My Kenya Re shares are now reclassified as Available for Sale. That's my point. All the rest is "window dressing" [Unless, there's a clear cut case that Mwarania was incompetent or corrupt] If he was not competent then when did the "Board" figure it out? Aren't there assessments? Why not ease him out for "personal reasons" [the impromptu firing causes jitters]? If corrupt, then it should be for us to see. Or say so in the press release. I admit to my error of holding KenRe as a core holding. Its risky to put a financial as a core holding.I also have kcb as my core holding comprising 29% of my portfolio.Im planning to change.I was thinking safaricom or kenol.Then valuation discouraged me but im waiting for full year results to make a decision. I also decided to follow @Young advise e of balancing between financials and industrials. Financials-40% industrials-60% Toa masaibu yako hapa ya core holdings. Stick to the topic of Kenya Re Ericson has never shared his portfolio.Vvs is very transparent.We all know he is in Kenya re,kenol,equity,i&m,dtb,williamson,c&gand ftgh. So it seems Ericson portfolio looks like this: Eaagads,olimpya,Eveready,express,kurwitu,atlas,rea vipingo and hutchings biemar. @ Ebenyo I've been sharing and even saying my next moves kama hujakuwa ukifuatilia shauri yako. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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