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Kenya Re 2009 results

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Mkimwa		#1 Posted : Thursday, April 29, 2010 2:06:44 PM
Rank: Member Joined: 10/26/2008 Posts: 380		2009 full year results; EPS down from 2.5 to 2.21 Profit down from 1.5bn to 1.328bn Lets see how the market will react. Was H2 that terrible? their H1 numbers were looking good. Expected better from Kenya Re. If you sold at 14.5, you are in luck.
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cnn		#2 Posted : Thursday, April 29, 2010 3:19:02 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,627		Expected better from Kenye re,but P/E sill the lowest in the market at around 7. Crown Berger EPS 3.64 from 1.22 Express EPS .15 from a loss position.
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guru267		#3 Posted : Thursday, April 29, 2010 4:17:56 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		the drop in profits was due to a 400million increase in claims... they have maintained dividends at 50 cents.... i wonder if the share price will be able to hold this information.... this stock has been the sleeper in my portfolio then they do this.... i am going to have a long thought on this tonight but i will probably end up selling out 100% tomorrow morning... insurance firms suck balls!!!!! low P/E or not... Mark 12:29 Deuteronomy 4:16
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2012		#4 Posted : Thursday, April 29, 2010 4:20:57 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		Wa! I almost entered at 13.50/- BBI will solve it :)
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sorovi		#5 Posted : Thursday, April 29, 2010 4:43:12 PM
Rank: Member Joined: 8/3/2007 Posts: 146		Okay let me take a back sit on this one for now.. was almost going in for more.. will watch it kidogo
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sparkly		#6 Posted : Thursday, April 29, 2010 5:56:50 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		The 'excellent' H1 results were propped up by revaluation of investment property. Looks like revaluation is the method of choice of masking bogus operations results. nkt Life is short. Live passionately.
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VituVingiSana		#7 Posted : Thursday, April 29, 2010 7:31:12 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Maybe the Board was right in not renewing mbogo's contract... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Jaguar		#8 Posted : Thursday, April 29, 2010 8:03:03 PM
Rank: Member Joined: 6/7/2007 Posts: 263 Location: humu humu		i'm comparing this thread with *the earlier one*....waaaaah
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Bangkok		#9 Posted : Friday, April 30, 2010 1:47:43 AM
Rank: Member Joined: 4/6/2007 Posts: 31		woi!
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guru267		#10 Posted : Friday, April 30, 2010 6:20:11 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		its on days like these that i thank God for the fairly slow flow of information in africa... i wonder how many of the huge optimists of this counter know of this disaster in results.... all the IB's are going to have to review their analysis on this stock simply because management is not improving underwriting profitability and their exposure to claims is simply not manageable... i still believe this stock is poised for growth simply because its sector is poised for growth but i also believe that investors are going to punish this stock in the short term hence my decison to sell out at only 2% profit... DAMN!!!! Mark 12:29 Deuteronomy 4:16
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