It bounced off 16 bob with heavy volume. The journey to 20 will lose steam at 18 because of the general bearish sentiment.

When market recovers, expect 37 per my analysis above.

I wait patiently to see if it comes to pass

Someone is defending the 16 Bob handle diligently...once it breaks this GoK firm will find itself at 14.50...signs of mismanagement are all over...huge H1 2018 profit drop...then interesting things will happen after that...look at the fall from 23 to 16....we patiently wait to board at low lower prices

The company is preparing to load huge chunks of safaricom and kcb shares to boost investment income

https://www.businessdail...278-14krf0uz/index.html

Kenya Reinsurance Corporation (Kenya Re) says concern by American rating agency A.M. Best over its enterprise risk management—in the face of expected business growth and increasingly sophisticated competition—is being addressed.
“What we are doing is to address each of those issues raised,” said chief executive officer Jadiah Mwarania at a press briefing on the company’s results.

“Some of them could be environmental based on the country’s ratings.”

Mr Mwarania said Kenya Re officials are set to meet A.M. Best officials to address the concern.

“We are having a meeting with A.M. Best in September. We also took opportunity of visiting them in London to see what it is they are looking for,” said Mr Mwarania.

“While I hold a different personal opinion when I look at the fundamentals of Kenya Re but AM Best said, and so we accepted and we addressed the issues they raised,” he said.
Kenya Re is also engaging Johannesburg ratings agency GCR which early last month placed its national scale claims paying ability rating of AA(KE) and international scale claims paying ability rating of BB “under review”.

“While the ratings are expiring today (August 1), GCR is currently engaging with the rated entity and expects to update the current ratings and publicly release them by the end of September 2018,” said the GCR on August 1 without divulging additional information.