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KenyaRe FY19 - FY23 (Both Inclusive)

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the deal		#451 Posted : Sunday, March 29, 2020 1:00:28 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Insurance companies are in for a rough 2020...
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xxxxx		#452 Posted : Sunday, March 29, 2020 1:09:48 PM
Rank: Member Joined: 3/20/2008 Posts: 503		obiero wrote: sparkly wrote: Ericsson wrote: obiero wrote: Extraterrestrial wrote: Superprime1 wrote: VituVingiSana wrote: sparkly wrote: Ericsson wrote: FY2019 profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property. Asset base grew by 14% from ksh.44.36bn to 50.36bn The board of directors recommend a dividend of ksh.0.1 per share Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html 10 cents, what a joke! The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation. Any info? I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40.... So how is the damn thing trading at its EPS? A basket case. Bandia firm. Unfortunate to have bought some Reduce the number of bandia firms in your portfolio Hehe. Only KENRE is a bandia firm in my portfolio and I am down by just KES 0.60 per share HousingFinance bandia firm KQ bandia firm
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VituVingiSana		#453 Posted : Monday, March 30, 2020 1:49:30 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi		obiero wrote: Extraterrestrial wrote: Superprime1 wrote: VituVingiSana wrote: sparkly wrote: Ericsson wrote: FY2019 profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property. Asset base grew by 14% from ksh.44.36bn to 50.36bn The board of directors recommend a dividend of ksh.0.1 per share Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html 10 cents, what a joke! The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation. Any info? I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40.... So how is the damn thing trading at its EPS? A basket case. Bandia firm. Unfortunate to have bought some Better the bandia firm that makes a profit and pays a dividend than... Luckily, KenyaRe is my only GoK-controlled firm and I am glad I got out of the rest. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#454 Posted : Sunday, April 19, 2020 11:29:23 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI		Process of selecting the second Auditor general has started after the president Gazette members of the panel. Seems Gok controlled firms ain't getting exemptions of early dividend payout Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#455 Posted : Monday, April 20, 2020 7:12:22 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi		Ericsson wrote: Process of selecting the second Auditor general has started after the president Gazette members of the panel. Seems Gok controlled firms ain't getting exemptions of early dividend payout Do you mean there will be no payment of a final dividend until the AG signs off and an AGM is held? KenGen year end is in 71 days. 2019's dividend hasn't been announced. Kenya Re's HY ends in 71 days. Measly dividend announced for FY19. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#456 Posted : Monday, April 20, 2020 8:27:23 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: Process of selecting the second Auditor general has started after the president Gazette members of the panel. Seems Gok controlled firms ain't getting exemptions of early dividend payout Do you mean there will be no payment of a final dividend until the AG signs off and an AGM is held? KenGen year end is in 40 days. 2019's dividend hasn't been announced. Kenya Re's HY ends in 40 days. Measly dividend announced for FY19. 40 days really?? Didn't know June 30 is 40 days away. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#457 Posted : Monday, April 20, 2020 8:51:35 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,941		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: Process of selecting the second Auditor general has started after the president Gazette members of the panel. Seems Gok controlled firms ain't getting exemptions of early dividend payout Do you mean there will be no payment of a final dividend until the AG signs off and an AGM is held? KenGen year end is in 40 days. 2019's dividend hasn't been announced. Kenya Re's HY ends in 40 days. Measly dividend announced for FY19. 40 days really?? Didn't know June 30 is 40 days away. Blame it on Corona. 70 days to financial year end, plus 90 days to announce the results. There is still time//eon days to pay dividends (if there is ). In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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heri		#458 Posted : Sunday, May 24, 2020 2:18:39 PM
Rank: Member Joined: 9/14/2011 Posts: 873 Location: nairobi		i hope this is not among the assets in kenya Re's Bal sheet https://www.nation.co.ke...twitter_impression=true Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract
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sparkly		#459 Posted : Sunday, May 24, 2020 4:24:07 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		heri wrote: i hope this is not among the assets in kenya Re's Bal sheet https://www.nation.co.ke...twitter_impression=true Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract I am lost in the story. What are the facts?: 1. Kenya re was sold fake 97 Acres of land for 550m by KANU mt. Kenya mafia i.e. all 550m lost; or 2. Kenya re bought 97 acres which included 5 Acre Karura land i.e. Kenya Re was only conned 5 acres but has genuine 92 acres? Life is short. Live passionately.
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obiero		#460 Posted : Sunday, May 24, 2020 4:51:59 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi		VituVingiSana wrote: obiero wrote: Extraterrestrial wrote: Superprime1 wrote: VituVingiSana wrote: sparkly wrote: Ericsson wrote: FY2019 profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property. Asset base grew by 14% from ksh.44.36bn to 50.36bn The board of directors recommend a dividend of ksh.0.1 per share Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html 10 cents, what a joke! The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation. Any info? I believe the 2019 EPS is based on the new number of issued shares i.e. it would've been higher at around 10.20, just as dividend would've been 0.40.... So how is the damn thing trading at its EPS? A basket case. Bandia firm. Unfortunate to have bought some Better the bandia firm that makes a profit and pays a dividend than... Luckily, KenyaRe is my only GoK-controlled firm and I am glad I got out of the rest. I'm jumping out of this ship, the risks have just escalated to levels unbearable COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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