True! But I want/prefer a large(r) dividend to reinvest those dividends. This year, it doesn't matter what corporate actions (dividends, bonuses, splits) are taken but the prices will remain stubbornly low. So a dividend of 0.75 or 2.00 will not move the price BUT for me a higher dividend means I can use the extra cash to add to my stash of KenRe shares. Barring any changes in management, I see a glorious future for KenRe from T-Bond interest!

In 2017, the most "profitable" business for both banks & insurance firms will be investing in GoK paper. If we don't have PEV then buying (good) stocks in 2017 will pay off in 2018. It's a travesty that investing in GoK paper pays better on a risk-reward basis than biashara... 😢😢😢

I think 1/- max for KenRe. They are conservative given expansion plans and IRA regs require substantial shareholder funds, reserves & cash equivalents. But I too wish for a higher dividend!

Fx losses...they got fried by the SSP nosedive as intimated earlier for which they didn't book losses at FY2015, probably in anticipation that things would get better. So it translated into a bigger hit at FY2016.

Now that the monetary loss(net cash and cash equivalents) is taken care of, they still have to restate the carrying value of non-monetary items to reflect the recoverable/salvage value for the same and book the resultant loss. At that point the SS exorcism will be complete for KE banks.

At least Kcb have done half the job which can't be said for CFC. Equity and Coop should emulate the former or completely write down anything to do with SS.

It's sad that a country with so much potential and resources has gone to the dogs. Seems SS was better off under (North) Sudan than under the thieving, war-loving generals they have. Interesting to note that while wananchi are dying in SS, the top officials' families are living it up in Kenya.