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Kenya Re - 2018 and beyond

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Ericsson		#201 Posted : Friday, August 24, 2018 11:57:09 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		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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the deal		#202 Posted : Friday, August 24, 2018 4:46:02 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		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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murchr		#203 Posted : Friday, August 24, 2018 4:52:57 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		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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obiero		#204 Posted : Friday, August 24, 2018 6:07:55 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		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 KQ ABP 4.26
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VituVingiSana		#205 Posted : Friday, August 24, 2018 6:55:13 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		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 Please stay away. We are happy with less competition when buying more shares. Do return when we are ready to sell He wants substantial earnings, for sure, but cares not at all whether they are consistent: "I'd rather have a lumpy 15% return on capital," he has often said, "than a smooth 12%." "Buffett says if you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes." I admit I wasn't too thrilled when Mwarania was bundled out but #BringMwaraniaBack worked Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#206 Posted : Saturday, August 25, 2018 9:29:35 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: 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 Please stay away. We are happy with less competition when buying more shares. Do return when we are ready to sell He wants substantial earnings, for sure, but cares not at all whether they are consistent: "I'd rather have a lumpy 15% return on capital," he has often said, "than a smooth 12%." "Buffett says if you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes." I admit I wasn't too thrilled when Mwarania was bundled out but #BringMwaraniaBack worked Shareholders' funds grew by 7.3%. NAV is now 40 bob per share. Life is short. Live passionately.
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Ericsson		#207 Posted : Saturday, August 25, 2018 1:46:04 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		sparkly wrote: VituVingiSana wrote: 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 Please stay away. We are happy with less competition when buying more shares. Do return when we are ready to sell He wants substantial earnings, for sure, but cares not at all whether they are consistent: "I'd rather have a lumpy 15% return on capital," he has often said, "than a smooth 12%." "Buffett says if you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes." I admit I wasn't too thrilled when Mwarania was bundled out but #BringMwaraniaBack worked 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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sparkly		#208 Posted : Saturday, August 25, 2018 4:22:33 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: sparkly wrote: VituVingiSana wrote: 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 Please stay away. We are happy with less competition when buying more shares. Do return when we are ready to sell He wants substantial earnings, for sure, but cares not at all whether they are consistent: "I'd rather have a lumpy 15% return on capital," he has often said, "than a smooth 12%." "Buffett says if you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes." I admit I wasn't too thrilled when Mwarania was bundled out but #BringMwaraniaBack worked 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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Ericsson		#209 Posted : Saturday, August 25, 2018 7:33:59 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		sparkly wrote: Ericsson wrote: sparkly wrote: VituVingiSana wrote: 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 Please stay away. We are happy with less competition when buying more shares. Do return when we are ready to sell He wants substantial earnings, for sure, but cares not at all whether they are consistent: "I'd rather have a lumpy 15% return on capital," he has often said, "than a smooth 12%." "Buffett says if you don't feel comfortable owning a stock for 10 years, you shouldn't own it for 10 minutes." I admit I wasn't too thrilled when Mwarania was bundled out but #BringMwaraniaBack worked 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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Ericsson		#210 Posted : Sunday, August 26, 2018 6:33:31 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		@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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