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Kenya Re - 2018 and beyond
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Kenya Re Half Year profit before tax of KSH 1.756 billion as at 30th June 2018 compared to 2.294 billion as at 30th June 2017, which is 23% lower. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Ericsson wrote:Kenya Re Half Year profit before tax of KSH 1.756 billion as at 30th June 2018 compared to 2.294 billion as at 30th June 2017, which is 23% lower. Another VVS stock?  ... anyways terrible results...I was thinking of investing here...these results have scared me
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ericsson wrote:Kenya Re Half Year profit before tax of KSH 1.756 billion as at 30th June 2018 compared to 2.294 billion as at 30th June 2017, which is 23% lower. That Arap mashamba move. H2 should be ok after customers regain confidence with the company. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,508 Location: nairobi
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the deal wrote:Ericsson wrote:Kenya Re Half Year profit before tax of KSH 1.756 billion as at 30th June 2018 compared to 2.294 billion as at 30th June 2017, which is 23% lower. Another VVS stock? ... anyways terrible results...I was thinking of investing here...these results have scared me Leave the old man alone.. He is no short termer. But yenyewe the results are terrible and smelly
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Shareholders' funds grew by 7.3%. NAV is now 40 bob per share. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:Shareholders' funds grew by 7.3%. NAV is now 40 bob per share. With zero debt on it's books Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:Shareholders' funds grew by 7.3%. NAV is now 40 bob per share. With zero debt on it's books Kenya Re fwd EPS based on half year results is 3.52. DY based on full year 2017 is 5.15%. NASI DY is 3.9% and PE is 13.9. Kenya Re is above average compared to NASI on DY and PE basis. If you apply the NASI DY and PE ratios, Kenya Re should trade at 21.8 and 48.9 respectively. Mean price from NAV, DY and PE valuation is KShs 36.9. Ladies and Gentlemen, Boys and Girls, Kenya Re is worth 37 Bob with a 123% upside potential from current price of KShs 16.5. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:Ericsson wrote:sparkly wrote:Shareholders' funds grew by 7.3%. NAV is now 40 bob per share. With zero debt on it's books Kenya Re fwd EPS based on half year results is 3.52. DY based on full year 2017 is 5.15%. NASI DY is 3.9% and PE is 13.9. Kenya Re is above average compared to NASI on DY and PE basis. If you apply the NASI DY and PE ratios, Kenya Re should trade at 21.8 and 48.9 respectively. Mean price from NAV, DY and PE valuation is KShs 36.9. Ladies and Gentlemen, Boys and Girls, Kenya Re is worth 37 Bob with a 123% upside potential from current price of KShs 16.5. FY dividend is projected to be at sh.0.90 per share Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@vvs Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds. Their biggest chunk of corporate bonds is in the NIC bank and Centum Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:@vvs
Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds.
Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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sparkly wrote:Ericsson wrote:@vvs
Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds.
Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Everyone has massive GOK securities... God forbid.... possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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maka wrote:sparkly wrote:Ericsson wrote:@vvs
Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds.
Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Everyone has massive GOK securities... God forbid.... Indeed, the state holds too much of corporate assets. If GOK defaults... Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:maka wrote:sparkly wrote:Ericsson wrote:@vvs
Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds.
Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Everyone has massive GOK securities... God forbid.... Indeed, the state holds too much of corporate assets. If GOK defaults... Difficult,they just increase taxes to get the money đź’µ Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Jadiah Mwarania back with a bang; https://www.businessdail...850-107i2l5z/index.html
Kenya Reinsurance Corporation (Kenya Re) says it will boost its holdings of government securities as it chases guaranteed returns in an uncertain economy. The Nairobi Securities Exchange (NSE) listed re-insurer made little change in its investment mix portfolio in the first half of the year, where government securities comprised 47 per cent on its investment book — and 39 per cent of total assets — in the half year period ended June 30 this year. “Our strategy is to focus on real time diversification to government securities with competitive coupons,” said chief executive Jadiah Mwarania (pictured) on Friday. “We will also step up market intelligence on quoted equity instruments for realisation of capital gains besides adopting strategic exposure to companies with high dividend pay-out, Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Ericsson wrote:sparkly wrote:maka wrote:sparkly wrote:Ericsson wrote:@vvs
Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds.
Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Everyone has massive GOK securities... God forbid.... Indeed, the state holds too much of corporate assets. If GOK defaults... Difficult,they just increase taxes to get the money đź’µ Laffer curve-increasing taxes rates beyond a certain point is counter-productive for raising further tax revenue. Moodys downgraded the major banks for being too invested in GoK securities. Too much faith in GoK when it couldn't raise anything to share with counties in July
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...29902-6byg3l/index.html
Kenya Reinsurance Corporation (Kenya Re), which offers cover to more than 160 insurance companies spread out in over 45 countries in Africa, Middle East and Asia says it is eyeing new markets across the globe to boost income in the face of stiffening competition both locally and abroad. Chief executive officer Jadiah Mwarania said the NSE-listed re-insurer is looking to open regional offices in new markets besides expanding the company's line of insurance products where it already operates. Mr Mwarania noted that several countries have domesticated their reinsurance markets or set up State-owned national reinsurance companies that are eating into its business. “When they form these national reinsurers it means they get compulsory cessions which reduces the volume of business available for foreign reinsurers.” Countries that have done this include Uganda, Ethiopia, Zimbabwe, Ghana, Sri Lanka, Nepal and Vietnam among others. “We will counter this by setting up regional offices in response to domestication which will help us become more competitive,” said Mr Mwarania at a Friday press briefing shortly after announcing the company’s results. “We are also pursuing new reinsurance markets such as northern Africa, Middle East and Asia.” 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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Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Kenya-Re-adopts-global-outlook-amid-competition/4003102-4729902-6byg3l/index.html
Kenya Reinsurance Corporation (Kenya Re), which offers cover to more than 160 insurance companies spread out in over 45 countries in Africa, Middle East and Asia says it is eyeing new markets across the globe to boost income in the face of stiffening competition both locally and abroad.
Chief executive officer Jadiah Mwarania said the NSE-listed re-insurer is looking to open regional offices in new markets besides expanding the company's line of insurance products where it already operates.
Mr Mwarania noted that several countries have domesticated their reinsurance markets or set up State-owned national reinsurance companies that are eating into its business.
“When they form these national reinsurers it means they get compulsory cessions which reduces the volume of business available for foreign reinsurers.”
Countries that have done this include Uganda, Ethiopia, Zimbabwe, Ghana, Sri Lanka, Nepal and Vietnam among others.
“We will counter this by setting up regional offices in response to domestication which will help us become more competitive,” said Mr Mwarania at a Friday press briefing shortly after announcing the company’s results. “We are also pursuing new reinsurance markets such as northern Africa, Middle East and Asia.”
Good counter strategy. Since they have penetrated africa,middle east and asia,they could also try europe and america. Towards the goal of financial freedom
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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On the contrary its heading towards 20 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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