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KenyaRe FY19 - FY23 (Both Inclusive)
Ericsson
#541 Posted : Friday, October 09, 2020 11:48:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
Balaa wrote:
AGM currently in session.


Any good news that has been said?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Balaa
#542 Posted : Friday, October 09, 2020 12:23:04 PM
Rank: Member


Joined: 7/6/2018
Posts: 152
Location: Kinshasa
Ericsson wrote:
Balaa wrote:
AGM currently in session.


Any good news that has been said?


Nothing that we haven't heard/read about in the press before. A.Chami doing his thing, as usual. Directors painting positive picture about the future despite Covid-19 impact. Not the kind of doom-and-gloom vibe we're used to hearing from @Williamson Tea BoD.
Directors have hinted maintaining the company dividend policy. They projecting a bright future. They forsee increased pressure though in primary markets but believe coy is well positioned to fight for pole position, particularly in secondary market.
kangi
#543 Posted : Friday, October 09, 2020 12:44:02 PM
Rank: Member


Joined: 7/23/2009
Posts: 525
Balaa wrote:
Ericsson wrote:
Balaa wrote:
AGM currently in session.


Any good news that has been said?


Nothing that we haven't heard/read about in the press before. A.Chami doing his thing, as usual. Directors painting positive picture about the future despite Covid-19 impact. Not the kind of doom-and-gloom vibe we're used to hearing from @Williamson Tea BoD.
Directors have hinted maintaining the company dividend policy. They projecting a bright future. They forsee increased pressure though in primary markets but believe coy is well positioned to fight for pole position, particularly in secondary market.


Seems there a lot of guys who want to be directors of the company with only three vacancies. Some of them well over 70 years.
Accept no one's definition of your life; define your life.
Ericsson
#544 Posted : Friday, October 09, 2020 12:48:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
Balaa wrote:
Ericsson wrote:
Balaa wrote:
AGM currently in session.


Any good news that has been said?


Nothing that we haven't heard/read about in the press before. A.Chami doing his thing, as usual. Directors painting positive picture about the future despite Covid-19 impact. Not the kind of doom-and-gloom vibe we're used to hearing from @Williamson Tea BoD.
Directors have hinted maintaining the company dividend policy. They projecting a bright future. They forsee increased pressure though in primary markets but believe coy is well positioned to fight for pole position, particularly in secondary market.


The dividend needs to be hiked, it's being on a downward trend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
heri
#545 Posted : Monday, October 12, 2020 9:58:28 AM
Rank: Member


Joined: 9/14/2011
Posts: 782
Location: nairobi
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?
babashuge
#546 Posted : Monday, October 12, 2020 2:01:49 PM
Rank: New-farer


Joined: 1/4/2019
Posts: 57
Location: Nairobi
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?


following..
Ericsson
#547 Posted : Tuesday, October 13, 2020 7:27:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
babashuge wrote:
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?


following..


Kenya Re doesn't receive funding from treasury.
What companies that don't receive funding from treasury did was to hike dividend.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#548 Posted : Tuesday, October 13, 2020 7:51:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?

Kenya Re is 60% owned by GoK.
It would be wrong (not sure about the constitutional/legal aspect) of GoK to expropriate 100% of cash/bonds held by Kenya Re.

The appropriate method would be to ask Kenya Re to pay out a dividend from "excess reserves", if any, to ALL shareholders.

The "special" dividend should not starve Kenya Re of reserves it needs to continue growing or cause any financial difficulty.

GoK will get:
- 60% of the total dividend
- W/Tax from the other 40%

If Kenya Re doesn't have the cash to pay GoK the 60% then it can always, if agreed beforehand, transfer the equivalent, at a fair/market valuation, in T-Bills and T-Bonds.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
heri
#549 Posted : Tuesday, October 13, 2020 9:18:11 PM
Rank: Member


Joined: 9/14/2011
Posts: 782
Location: nairobi
Ericsson wrote:
babashuge wrote:
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?


following..


Kenya Re doesn't receive funding from treasury.
What companies that don't receive funding from treasury did was to hike dividend.


Would have been awesome if they had hiked the dividend


Ericsson
#550 Posted : Sunday, October 18, 2020 8:14:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#551 Posted : Sunday, October 18, 2020 8:31:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#552 Posted : Sunday, October 18, 2020 9:55:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#553 Posted : Monday, October 19, 2020 6:19:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
There are many rich Luos who can buy it. Applause

Using the proceeds to build a new commercial building in Upper Hill, in the near future, would be STUPID and CRIMINAL. Shame on you

The proceeds should be invested in the stock market if the prices remain low. The best is to pay out a dividend. Next best is a share buyback.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#554 Posted : Monday, October 19, 2020 7:45:27 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
https://www.businessdail...ite-uhuru-order-2484378
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#555 Posted : Monday, October 19, 2020 8:05:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
There are many rich Luos who can buy it. Applause

Using the proceeds to build a new commercial building in Upper Hill, in the near future, would be STUPID and CRIMINAL. Shame on you

The proceeds should be invested in the stock market if the prices remain low. The best is to pay out a dividend. Next best is a share buyback.


I said part of the proceeds.Kenya Re will soon move it's head offices out of Reinsurance plaza since demand for office space by Judiciary is growing.
Several properties have been disposed off in the past and no special dividend given out,so I don't expect a change with this one.
Share buyback means a company has run out of ideas on how to invest it's money.It's better they even use the money to make an acquisition/buy a stake in a reinsurance company in Africa that would yield returns.
If the shares they buy are able to give a cash return in terms of dividends equal to the rent they are getting from the property,then that would be considered a good bet.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#556 Posted : Monday, October 19, 2020 9:08:21 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
There are many rich Luos who can buy it. Applause

Using the proceeds to build a new commercial building in Upper Hill, in the near future, would be STUPID and CRIMINAL. Shame on you

The proceeds should be invested in the stock market if the prices remain low. The best is to pay out a dividend. Next best is a share buyback.


I said part of the proceeds.

Kenya Re will soon move it's head offices out of Reinsurance plaza since demand for office space by Judiciary is growing.

Several properties have been disposed off in the past and no special dividend given out,so I don't expect a change with this one.

Share buyback means a company has run out of ideas on how to invest it's money.

In your opinion, has Apple run out of ideas?

It's better they even use the money to make an acquisition/buy a stake in a reinsurance company in Africa that would yield returns.

If the shares they buy are able to give a cash return in terms of dividends equal to the rent they are getting from the property,then that would be considered a good bet.

Using any part of the proceeds for a new office building in Upper Hill (in the near future) is STUPID and CRIMINAL.

There is 18,000sf of vacant space in Kenya Re Towers. There are vacancies in Anniversary Towers too. Or they can rent from any of the MANY buildings in Upper Hill with large vacancies while reinvesting the money in higher yielding investments.

Agreed. Kenya Re is no ScanGroup re: dividends

Some firms, even with challenges, give 3-8% Dividend Yields with potential for substantial growth in future dividends and capital gains. Much better than offices in the near future.

The cost of the new building was estimated at 6bn which means the other 5bn+ would be pulled from high-yielding (default-free, no management risk) T-Bonds.

Britam Tower. Largely vacant.
UAP Tower. Huge vacancies.
Prism.
I&M Tower. Corporate offices moving to Parklands.

There are many others.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#557 Posted : Monday, October 19, 2020 9:24:33 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,957
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
There are many rich Luos who can buy it. Applause

Using the proceeds to build a new commercial building in Upper Hill, in the near future, would be STUPID and CRIMINAL. Shame on you

The proceeds should be invested in the stock market if the prices remain low. The best is to pay out a dividend. Next best is a share buyback.


I said part of the proceeds.

Kenya Re will soon move it's head offices out of Reinsurance plaza since demand for office space by Judiciary is growing.

Several properties have been disposed off in the past and no special dividend given out,so I don't expect a change with this one.

Share buyback means a company has run out of ideas on how to invest it's money.

In your opinion, has Apple run out of ideas?

It's better they even use the money to make an acquisition/buy a stake in a reinsurance company in Africa that would yield returns.

If the shares they buy are able to give a cash return in terms of dividends equal to the rent they are getting from the property,then that would be considered a good bet.

Using any part of the proceeds for a new office building in Upper Hill (in the near future) is STUPID and CRIMINAL.

There is 18,000sf of vacant space in Kenya Re Towers. There are vacancies in Anniversary Towers too. Or they can rent from any of the MANY buildings in Upper Hill with large vacancies while reinvesting the money in higher yielding investments.

Agreed. Kenya Re is no ScanGroup re: dividends

Some firms, even with challenges, give 3-8% Dividend Yields with potential for substantial growth in future dividends and capital gains. Much better than offices in the near future.

The cost of the new building was estimated at 6bn which means the other 5bn+ would be pulled from high-yielding (default-free, no management risk) T-Bonds.

Britam Tower. Largely vacant.
UAP Tower. Huge vacancies.
Prism.
I&M Tower. Corporate offices moving to Parklands.

There are many others.



Apple did a share split of 4 for every 1 on 28 August 2020.

There are advantages in having your head offices in the building you own.
I am yet to see a company that owns a commercial building,rents it out then decided to be a tenant in a building owned by a different entity/individual.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#558 Posted : Monday, October 19, 2020 10:01:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
There are many rich Luos who can buy it. Applause

Using the proceeds to build a new commercial building in Upper Hill, in the near future, would be STUPID and CRIMINAL. Shame on you

The proceeds should be invested in the stock market if the prices remain low. The best is to pay out a dividend. Next best is a share buyback.


I said part of the proceeds.

Kenya Re will soon move it's head offices out of Reinsurance plaza since demand for office space by Judiciary is growing.

Several properties have been disposed off in the past and no special dividend given out,so I don't expect a change with this one.

Share buyback means a company has run out of ideas on how to invest it's money.

In your opinion, has Apple run out of ideas?

It's better they even use the money to make an acquisition/buy a stake in a reinsurance company in Africa that would yield returns.

If the shares they buy are able to give a cash return in terms of dividends equal to the rent they are getting from the property,then that would be considered a good bet.

Using any part of the proceeds for a new office building in Upper Hill (in the near future) is STUPID and CRIMINAL.

There is 18,000sf of vacant space in Kenya Re Towers. There are vacancies in Anniversary Towers too. Or they can rent from any of the MANY buildings in Upper Hill with large vacancies while reinvesting the money in higher yielding investments.

Agreed. Kenya Re is no ScanGroup re: dividends

Some firms, even with challenges, give 3-8% Dividend Yields with potential for substantial growth in future dividends and capital gains. Much better than offices in the near future.

The cost of the new building was estimated at 6bn which means the other 5bn+ would be pulled from high-yielding (default-free, no management risk) T-Bonds.

Britam Tower. Largely vacant.
UAP Tower. Huge vacancies.
Prism.
I&M Tower. Corporate offices moving to Parklands.

There are many others.



Apple did a share split of 4 for every 1 on 28 August 2020.

There are advantages in having your head offices in the building you own.
I am yet to see a company that owns a commercial building,rents it out then decided to be a tenant in a building owned by a different entity/individual.

Apple did a share split of 4 for every 1 on 28 August 2020
So? Apple has a share buyback policy since 2012. Address the issue re: share buybacks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#559 Posted : Monday, October 19, 2020 10:03:01 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Applause Applause Applause Sell and pay a dividend Applause Are there buyers at that price in this market?


The rich Indians from Kisumu or government though the process may take time to conclude.

Part of the proceeds may also be used to put up their new commercial building (twin towers) in Upper Hill
There are many rich Luos who can buy it. Applause

Using the proceeds to build a new commercial building in Upper Hill, in the near future, would be STUPID and CRIMINAL. Shame on you

The proceeds should be invested in the stock market if the prices remain low. The best is to pay out a dividend. Next best is a share buyback.


I said part of the proceeds.

Kenya Re will soon move it's head offices out of Reinsurance plaza since demand for office space by Judiciary is growing.

Several properties have been disposed off in the past and no special dividend given out,so I don't expect a change with this one.

Share buyback means a company has run out of ideas on how to invest it's money.

In your opinion, has Apple run out of ideas?

It's better they even use the money to make an acquisition/buy a stake in a reinsurance company in Africa that would yield returns.

If the shares they buy are able to give a cash return in terms of dividends equal to the rent they are getting from the property,then that would be considered a good bet.

Using any part of the proceeds for a new office building in Upper Hill (in the near future) is STUPID and CRIMINAL.

There is 18,000sf of vacant space in Kenya Re Towers. There are vacancies in Anniversary Towers too. Or they can rent from any of the MANY buildings in Upper Hill with large vacancies while reinvesting the money in higher yielding investments.

Agreed. Kenya Re is no ScanGroup re: dividends

Some firms, even with challenges, give 3-8% Dividend Yields with potential for substantial growth in future dividends and capital gains. Much better than offices in the near future.

The cost of the new building was estimated at 6bn which means the other 5bn+ would be pulled from high-yielding (default-free, no management risk) T-Bonds.

Britam Tower. Largely vacant.
UAP Tower. Huge vacancies.
Prism.
I&M Tower. Corporate offices moving to Parklands.

There are many others.



Apple did a share split of 4 for every 1 on 28 August 2020.

There are advantages in having your head offices in the building you own.
I am yet to see a company that owns a commercial building, rents it out then decided to be a tenant in a building owned by a different entity/individual.
https://www.construction...5/coca-cola-plaza-sale/ Coca Cola Kenya.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#560 Posted : Monday, October 19, 2020 10:04:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,250
Location: Nairobi
In 2016, for example, Beer maker East African Breweries sold its Ruaraka-based headquarters to Tembo Sacco, a 2,400-member savings and credit cooperative society made up of its current and former staff, in a Sh675 million lease-back deal.

Longhorn Publishers is also seeking to sell its Sh500 million headquarters on Funzi Road in Nairobi’s Industrial Area. According to the company, the sale is informed by the need to increase investments in more high-return publishing fields.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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