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KenyaRe FY19 - FY23 (Both Inclusive)
Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Capitalising the revenue reserves to increase the share capital. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. Share capital jumps from ksh.1.75bn (700mn *2.5) to ksh.7bn (2.8bn*2.5) Ksh.5.25bn is what is being moved Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. Share capital jumps from ksh.1.75bn (700mn *2.5) to ksh.7bn (2.8bn*2.5) Ksh.5.25bn is what is being moved Oops! Yes. 700mn x 3 x 2.5 = 5.25bn (out of 22bn in RR). Why even bother given the RRs are part of Total Shareholder Funds? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. Share capital jumps from ksh.1.75bn (700mn *2.5) to ksh.7bn (2.8bn*2.5) Ksh.5.25bn is what is being moved Oops! Yes. 700mn x 3 x 2.5 = 5.25bn (out of 22bn in RR). Why even bother given the RRs are part of Total Shareholder Funds? Increase in share capital is to grow the business bigger,look at the accompanying note that says they are to open a subisdiary in Uganda. The money being released from the Revenue Reserve will be used to setup the subisdiary. Some of the countries they are opening subsidaries the regulators are demanding higher capital Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. If it don't make dollars, it don't make sense
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Moody's accords ATI strong rating over institutional support https://www.businessdail...678-14lvp0jz/index.html
But KenRe only owns 0.6% of ATI. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. If it don't make dollars, it don't make sense
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. What if the revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...-fi-account12-story.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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obiero wrote:Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...fi-account12-story.html Better than lending it to KQ or buying shares in KQ.  Anyway, don't stress too much about it. Thank you for your concern but let us (Kenre shareholders) worry about it.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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VituVingiSana wrote:obiero wrote:Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...fi-account12-story.html Better than lending it to KQ or buying shares in KQ. Anyway, don't stress too much about it. Thank you for your concern but let us (Kenre shareholders) worry about it. After the bonus issue it will be trading at KES 3.8 just like KQ! 😁
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...fi-account12-story.html Better than lending it to KQ or buying shares in KQ. Anyway, don't stress too much about it. Thank you for your concern but let us (Kenre shareholders) worry about it. After the bonus issue it will be trading at KES 3.8 just like KQ! 😁 #TukoPamoja When we saw you were lonely we decided to keep you company! Using the VWAP for both shares I think the prices are almost at par on a post-bonus basis. This would be a good comparison between the two shares over the next 5 years. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...fi-account12-story.html Better than lending it to KQ or buying shares in KQ. Anyway, don't stress too much about it. Thank you for your concern but let us (Kenre shareholders) worry about it. After the bonus issue it will be trading at KES 3.8 just like KQ! 😁 #TukoPamoja When we saw you were lonely we decided to keep you company! Using the VWAP for both shares I think the prices are almost at par on a post-bonus basis. This would be a good comparison between the two shares over the next 5 years. For sure! KENRE is just about to get into a mess while KQ is getting out of its mess. We live in interesting times
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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@maichblack @monk @KenyanOracle @Heri @Aguy @Kaufman @miennyma Who is on this bus to Canaan with me? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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VituVingiSana wrote:@maichblack
@monk
@KenyanOracle
@Heri
@Aguy
@Kaufman
@miennyma
Who is on this bus to Canaan with me? How can you forget me? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Balaa wrote:VituVingiSana wrote:Ericsson wrote:Capitalising the revenue reserves to increase the share capital. The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that? In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC. The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable. True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...fi-account12-story.html Better than lending it to KQ or buying shares in KQ. Anyway, don't stress too much about it. Thank you for your concern but let us (Kenre shareholders) worry about it. After the bonus issue it will be trading at KES 3.8 just like KQ! 😁 #TukoPamoja When we saw you were lonely we decided to keep you company! Using the VWAP for both shares I think the prices are almost at par on a post-bonus basis. This would be a good comparison between the two shares over the next 5 years. For sure! KENRE is just about to get into a mess while KQ is getting out of its mess. We live in interesting times KENRE is on expansion mode with zero debt,kq is on survival mode with heavy debt Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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I don't know why people are bashing KENRE. If we put management and ownership aside:which is it's main weakness(GOK),kenre performance is not bad. It equals CIC and Liberty in ROE at 8%. Its the best in ROA at 49% followed by Jubilee at 13%. Return on total revenue is 13% second to jubilee at 15%. Its balance sheet quality and strength is a known factor to all investors. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,097 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:@maichblack
@monk
@KenyanOracle
@Heri
@Aguy
@Kaufman
@miennyma
Who is on this bus to Canaan with me? How can you forget me? I had no idea. Karibuni. The group above were with me in KK. I was already on the KenRe bus but I am not getting off as long as Mwarania is the CEO/MD. It will be a bumpy ride with detours lakini tutafika Canaan. Lini? Sijui. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:@maichblack
@monk
@KenyanOracle
@Heri
@Aguy
@Kaufman
@miennyma
Who is on this bus to Canaan with me? How can you forget me? I had no idea. Karibuni. The group above were with me in KK. I was already on the KenRe bus but I am not getting off as long as Mwarania is the CEO/MD. It will be a bumpy ride with detours lakini tutafika Canaan. Lini? Sijui. Ya ARM ulirusha watu ndani ya mto..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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