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anyone 4 a quickie
My 2 cents
#11 Posted : Wednesday, June 16, 2010 1:34:41 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
the deal wrote:
i will never buy an insurance company no matter how good they say it is..but thats my 2 cents...


Actually insurance is what got WB rich and is his real business. But I suppose with our low insurance penetration levels in Kenya one can hardly compare an insurance business here with that in the US.

Any of you have taken out non-compulsory such as life insurance (employers does not count). Stand up and be counted :)
the deal
#12 Posted : Wednesday, June 16, 2010 1:58:31 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
most people in Kenya dont know what insurance is....then the market has a billion insurance firms...
2012
#13 Posted : Wednesday, June 16, 2010 2:46:03 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
the deal wrote:
most people in Kenya dont know what insurance is.....


Isn't that opportunity right there?

BBI will solve it
:)
guru267
#14 Posted : Wednesday, June 16, 2010 4:37:53 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
then the market has a billion insurance firms...


@the deal this also means that if CBK steps up capital requirements then JHL has alot of companies to buy
Mark 12:29
Deuteronomy 4:16
VituVingiSana
#15 Posted : Wednesday, June 16, 2010 5:05:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
My 2 cents wrote:
the deal wrote:
i will never buy an insurance company no matter how good they say it is..but thats my 2 cents...


Actually insurance is what got WB rich and is his real business. But I suppose with our low insurance penetration levels in Kenya one can hardly compare an insurance business here with that in the US.

Any of you have taken out non-compulsory such as life insurance (employers does not count). Stand up and be counted :)


True but WB also buys management... He regrets the mistake he made buying GeneralRe. Fired the top management...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Govmusili
#16 Posted : Thursday, June 17, 2010 9:13:59 AM
Rank: New-farer

Joined: 1/13/2010
Posts: 85
Location: Nairobi
so yes/no do you find im making sence about jubilee ama im a totally mistaken?? give reasons to ur answers.
guru267
#17 Posted : Thursday, June 17, 2010 11:42:10 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Govmusili wrote:
so yes/no do you find im making sence about jubilee ama im a totally mistaken?? give reasons to ur answers.


buy while its still at 170 and you wont regret IMHO
Mark 12:29
Deuteronomy 4:16
Govmusili
#18 Posted : Friday, June 18, 2010 9:42:51 AM
Rank: New-farer

Joined: 1/13/2010
Posts: 85
Location: Nairobi
going completly out of topic can any1 believ coop!!! its almost touching 15, personally i got out at 12.5 having gotten in at 10bob fearing it had peaked and went into kq at 54, no need to tell u guyz how thats going
StatMeister
#19 Posted : Friday, June 18, 2010 11:40:20 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
wazuans,

insurance companies + all companies whose assets include listed stocks will benefit from revaluation of the assets in line with market prices.

if such a company also end their financial year after the period when NSE 20 climbed from 3s to 4s, they would post above average NAV growth (not necessarily PAT).
A bad day fishing is better than a good day at work
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