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Kenya Re projected to hit 20 by year end-Business Daily.
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sokomjinga
#11 Posted : Tuesday, January 19, 2010 7:09:15 AM
Rank: Member

Joined: 4/5/2008
Posts: 183
@Wazua
I cannot find Kenya-Re on the CORPORATE DATES LIST. Is the list not updated?
Taunet Neelel ..... New Beginning .....
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VituVingiSana
#12 Posted : Tuesday, January 19, 2010 7:56:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
@soko - I think there might be a different link or e-mail for wazua... I do not know what it is... but search the site...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#13 Posted : Tuesday, January 19, 2010 11:48:19 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@vvs kenya re posted a 56 % increase in 3Q Profits...insurance stocks tend to track the economy with the expected to grow by 4% expect more bizneses to take more insurance cover...kenya re is the no 1 underwriter in kenya...it has branches in all over east africa n even west africa...@ 14 its undervalued...
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Gatheuzi
#14 Posted : Tuesday, January 19, 2010 1:49:43 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Kenya Re has disposed some non core assets like the property in Mombasa. This is in a move meant to get it rid of assets with low returns. If the trend continues, then more revenues will be in the offing. With regard to valuation of the risks I have to confess I too dont have the expertise, but in a nutshell the stock should keep its momentum on the way up. Today it was at 14.05. If by Broker sold my KENGEN Shares today, I will make a buy order for KenyaRe.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana
#15 Posted : Wednesday, January 20, 2010 7:45:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
KenRe has a sweetheart deal (courtesy of GoK) for re-insurance. When does that expire?

BTW, have the West African offices opened for business?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QD
#16 Posted : Wednesday, January 20, 2010 7:50:11 AM
Rank: Member

Joined: 8/5/2009
Posts: 597
am stuck with Kenya re bought at 18 hope the run in other counters can be reflected here as well may be to ksh 20-30.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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VituVingiSana
#17 Posted : Wednesday, January 20, 2010 12:08:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
@QD: Well... until the 2009 results are out it might be a wait & hold...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QD
#18 Posted : Wednesday, January 20, 2010 12:30:03 PM
Rank: Member

Joined: 8/5/2009
Posts: 597
@W it seems a long hold bet the the financials bring good tidings.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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VituVingiSana
#19 Posted : Thursday, January 21, 2010 8:25:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
I am interested in their balance sheet but the BEST managed listed insurance firm is Jubilee
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#20 Posted : Wednesday, December 09, 2015 8:42:39 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
the deal wrote:
According to a story posted on the website of the Business Daily, Kenya re received a clean bill of healthy from faida investment bank analysts, Kenya re also retained their B+ rating from A.M. Best which rates it being a stable company despite a few concerns, according to the report Kenya re is discounted @ 11.70 and is projected @ 20 by year end.

5 years later..
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