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Kenya Re - 2018 and beyond
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Ebenyo
#111 Posted : Friday, May 18, 2018 4:03:53 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think



Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
Towards the goal of financial freedom
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VituVingiSana
#112 Posted : Saturday, May 19, 2018 10:05:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#113 Posted : Saturday, May 19, 2018 10:29:53 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe

KQ ABP 4.26
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whiteowl
#114 Posted : Sunday, May 20, 2018 9:43:12 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.
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VituVingiSana
#115 Posted : Sunday, May 20, 2018 12:05:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
whiteowl wrote:
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.

How do you define a worthwhile gain?
You are simply looking at the "share price" [BTW, I do not disagree with your conclusion now that the 2022 "eating" brigade is in charge] versus the gains in the intrinsic value over the past 6 years. The NAV (a lot of it in cash/T-Bonds) has almost doubled over 6 years.

Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett’s buying wisdom can be condensed into 2 statements:
1) Buy great businesses when they are trading at fair or better prices.
2) This occurs when short-term traders become pessimistic.

KenRe is a great business. It wasn't one for speculators over the past 6 years.
The catch is that a good manager has been replaced by a cabal of crooks.
I (currently) remain hopeful that the cabal is forced to competitively hire a good manager to replace Mwarania. Think KQ. I do not think they will allow Mwarania back. The sad bit about KQ is that Mikosz was brought in AFTER the looting was complete. The same could happen at KenRe.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#116 Posted : Sunday, May 20, 2018 5:35:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Warren Buffett: “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#117 Posted : Sunday, May 20, 2018 9:17:01 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
VituVingiSana wrote:
Warren Buffett: “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”

True

KQ ABP 4.26
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whiteowl
#118 Posted : Sunday, May 20, 2018 11:46:38 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
whiteowl wrote:
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.

How do you define a worthwhile gain?
You are simply looking at the "share price" [BTW, I do not disagree with your conclusion now that the 2022 "eating" brigade is in charge] versus the gains in the intrinsic value over the past 6 years. The NAV (a lot of it in cash/T-Bonds) has almost doubled over 6 years.

Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett’s buying wisdom can be condensed into 2 statements:
1) Buy great businesses when they are trading at fair or better prices.
2) This occurs when short-term traders become pessimistic.

KenRe is a great business. It wasn't one for speculators over the past 6 years.
The catch is that a good manager has been replaced by a cabal of crooks.
I (currently) remain hopeful that the cabal is forced to competitively hire a good manager to replace Mwarania. Think KQ. I do not think they will allow Mwarania back. The sad bit about KQ is that Mikosz was brought in AFTER the looting was complete. The same could happen at KenRe.


Buffet also talks about looking at the character of the guys at the top before looking at the books.My reference to worthwhile gains was with in reference to anyone who may want to cash out now.
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muandiwambeu
#119 Posted : Monday, May 21, 2018 5:01:05 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think



Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.

A corporate strategy is a forebearing of a group of person's personalities and thus if the personalities are grotesque and threatening, then fearing the corporate is necessary
,Behold, a sower went forth to sow;....
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VituVingiSana
#120 Posted : Monday, May 21, 2018 8:47:39 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
whiteowl wrote:
VituVingiSana wrote:
whiteowl wrote:
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.

How do you define a worthwhile gain?
You are simply looking at the "share price" [BTW, I do not disagree with your conclusion now that the 2022 "eating" brigade is in charge] versus the gains in the intrinsic value over the past 6 years. The NAV (a lot of it in cash/T-Bonds) has almost doubled over 6 years.

Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett’s buying wisdom can be condensed into 2 statements:
1) Buy great businesses when they are trading at fair or better prices.
2) This occurs when short-term traders become pessimistic.

KenRe is a great business. It wasn't one for speculators over the past 6 years.
The catch is that a good manager has been replaced by a cabal of crooks.
I (currently) remain hopeful that the cabal is forced to competitively hire a good manager to replace Mwarania. Think KQ. I do not think they will allow Mwarania back. The sad bit about KQ is that Mikosz was brought in AFTER the looting was complete. The same could happen at KenRe.


Buffet also talks about looking at the character of the guys at the top before looking at the books.My reference to worthwhile gains was with in reference to anyone who may want to cash out now.

When I first invested in KenRe, it had was led by Mwarania. It was a steady solid performance. [EPS, NAV]. The recent (FY 2018) change is worrisome. I have not bought a single KenRe share since.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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