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Kenya Re - 2018 and beyond
Ericsson
#181 Posted : Tuesday, August 07, 2018 5:01:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
24th August


What happens on that day.
Half year results or what
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#182 Posted : Wednesday, August 08, 2018 11:33:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Charles Kemei yet to file appeal against reinstatement of Jadiah-Mwarania
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
RIEK01
#183 Posted : Thursday, August 09, 2018 5:13:26 AM
Rank: New-farer


Joined: 2/8/2018
Posts: 73
He is waiting for instructions from above....
Ericsson
#184 Posted : Sunday, August 12, 2018 5:31:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Kenya re should be giving a dividend of more than a shilling.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
nashx
#185 Posted: : Monday, August 13, 2018 8:45:06 AM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.

seconded. This share needs activist investors to stir actions that unlock the value... It's book value is 35!! That's a massive discount
Offering my personal finance knowledge for free
VituVingiSana
#186 Posted : Monday, August 13, 2018 10:09:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
nashx wrote:
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.

seconded. This share needs activist investors to stir actions that unlock the value... It's book value is 35!! That's a massive discount

Well, why don't you become the activist investor?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#187 Posted : Monday, August 20, 2018 3:18:42 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.


next year i project a dividend of kshs 0.90 from these year kshs 0.85
Towards the goal of financial freedom
Angelica _ann
#188 Posted : Monday, August 20, 2018 3:26:26 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ebenyo wrote:
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.


next year i project a dividend of kshs 0.90 from these year kshs 0.85


Next ARM, watch this space. smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Horton
#189 Posted : Monday, August 20, 2018 3:29:53 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Angelica _ann wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.


next year i project a dividend of kshs 0.90 from these year kshs 0.85


Next ARM, watch this space. smile smile smile


😆😆😆
obiero
#190 Posted : Monday, August 20, 2018 3:37:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,512
Location: nairobi
Horton wrote:
Angelica _ann wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.


next year i project a dividend of kshs 0.90 from these year kshs 0.85


Next ARM, watch this space. smile smile smile


😆😆😆

Haka kananuka. The management issues are unsettling. I have been tempted severally to reapproach, but I am yet to return after selling in 2010. Will only consider upon full consensus at both board and management levels of the substantive CEO

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#191 Posted : Thursday, August 23, 2018 7:37:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
VituVingiSana wrote:
24th August


What happens on that day.
Half year results or what


Seems yesterdays share price rally was due to the half year results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Pesa Nane
#192 Posted : Thursday, August 23, 2018 10:59:59 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
24th August

Pesa Nane plans to be shilingi when he grows up.
Superprime1
#193 Posted : Thursday, August 23, 2018 5:53:11 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Kenya Re's after-tax profit for the six months to June 30th dipped 24.1% to Sh1.23bn from Sh1.62bn in HY 2017, as total income fell 5.7% to Sh8.31bn from Sh8.81bn, while expenses rose 0.8% to Sh6.56bn from Sh6.51bn.

Notably, the re-insurer increased its provisions for doubtful debt six-fold to Sh619.76m, from Sh104.33m in HY2017.

The financial statements are signed by Jadiah Mwarania, principal officer, David Kemei, chairman, and Anthony Munyao, a director.
Angelica _ann
#194 Posted : Thursday, August 23, 2018 5:57:22 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Superprime1 wrote:
Kenya Re's after-tax profit for the six months to June 30th dipped 24.1% to Sh1.23bn from Sh1.62bn in HY 2017, as total income fell 5.7% to Sh8.31bn from Sh8.81bn, while expenses rose 0.8% to Sh6.56bn from Sh6.51bn.

Notably, the re-insurer increased its provisions for doubtful debt six-fold to Sh619.76m, from Sh104.33m in HY2017.

The financial statements are signed by Jadiah Mwarania, principal officer, David Kemei, chairman, and Anthony Munyao, a director.


smile smile smile This one, ok. Let us watch and see.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#195 Posted : Thursday, August 23, 2018 6:00:19 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Pesa Nane wrote:
VituVingiSana wrote:
24th August


Results out.
Investor Briefing tomorrow.

PAT down due to increased provisions Sad
Provisions +500mn yoy d'oh! d'oh! d'oh!
Receivables down Applause Applause Applause
Cash and near-cash up Applause Applause Applause (20bn)

Decent results given the huge provisions BUT that also raises a red flag.
Why didn't KenRe write off these amounts earlier?
Why do they allow unpaid premiums to pile up?

The moment the unpaid premium gets to 30 days, then cancel the policy.
Perhaps only count as income those premiums that are paid even if using accrual accounting, KenRe can "provide" for unpaid premiums as a contra item.

Of course, there could be an element of cleaning up the books so 2H looks better.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#196 Posted : Thursday, August 23, 2018 6:11:19 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
24th August


Results out.
Investor Briefing tomorrow.

PAT down due to increased provisions Sad
Provisions +500mn yoy d'oh! d'oh! d'oh!
Receivables down Applause Applause Applause
Cash and near-cash up Applause Applause Applause (20bn)

Decent results given the huge provisions BUT that also raises a red flag.
Why didn't KenRe write off these amounts earlier?
Why do they allow unpaid premiums to pile up?

The moment the unpaid premium gets to 30 days, then cancel the policy.
Perhaps only count as income those premiums that are paid even if using accrual accounting, KenRe can "provide" for unpaid premiums as a contra item.

Of course, there could be an element of cleaning up the books so 2H looks better.


Applause Applause Applause
Towards the goal of financial freedom
VituVingiSana
#197 Posted : Thursday, August 23, 2018 6:17:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Superprime1 wrote:
Kenya Re's after-tax profit for the six months to June 30th dipped 24.1% to Sh1.23bn from Sh1.62bn in HY 2017, as total income fell 5.7% to Sh8.31bn from Sh8.81bn, while expenses rose 0.8% to Sh6.56bn from Sh6.51bn.

Notably, the re-insurer increased its provisions for doubtful debt six-fold to Sh619.76m, from Sh104.33m in HY2017.

The financial statements are signed by Jadiah Mwarania, principal officer, David Kemei, chairman, and Anthony Munyao, a director.

Were they in the same room? Laughing out loudly Laughing out loudly Laughing out loudly
#BringMwaraniaBack worked Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#198 Posted : Thursday, August 23, 2018 7:28:51 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Angelica _ann wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya re should be giving a dividend of more than a shilling.


next year i project a dividend of kshs 0.90 from these year kshs 0.85


Next ARM, watch this space. smile smile smile


How did i miss this post. Lol
Life is short. Live passionately.
Ericsson
#199 Posted : Thursday, August 23, 2018 10:03:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Superprime1 wrote:
Kenya Re's after-tax profit for the six months to June 30th dipped 24.1% to Sh1.23bn from Sh1.62bn in HY 2017, as total income fell 5.7% to Sh8.31bn from Sh8.81bn, while expenses rose 0.8% to Sh6.56bn from Sh6.51bn.

Notably, the re-insurer increased its provisions for doubtful debt six-fold to Sh619.76m, from Sh104.33m in HY2017.

The financial statements are signed by Jadiah Mwarania, principal officer, David Kemei, chairman, and Anthony Munyao, a director.

Were they in the same room? Laughing out loudly Laughing out loudly Laughing out loudly
#BringMwaraniaBack worked Applause Applause Applause


Tactic of painting a bad picture that the chairman and the acting MD were failures during the time Mwarania was ejected.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#200 Posted : Friday, August 24, 2018 6:26:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
24th August


Results out.
Investor Briefing tomorrow.

PAT down due to increased provisions Sad
Provisions +500mn yoy d'oh! d'oh! d'oh!
Receivables down Applause Applause Applause
Cash and near-cash up Applause Applause Applause (20bn)

Decent results given the huge provisions BUT that also raises a red flag.
Why didn't KenRe write off these amounts earlier?
Why do they allow unpaid premiums to pile up?

The moment the unpaid premium gets to 30 days, then cancel the policy.
Perhaps only count as income those premiums that are paid even if using accrual accounting, KenRe can "provide" for unpaid premiums as a contra item.

Of course, there could be an element of cleaning up the books so 2H looks better.


Pesanane do something and post the detailed results here
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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