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Kenya Re HY16
Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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Mkondoa Macho wrote:VituVingiSana wrote:Elephant Man wrote:I understand that Kenya-Re now holds a 20% or thereabouts stake in ZEP-Re.
Are they competitors?
Anyone know whether they share common facilities/resources in the countries in which they have a physical presence i.e. Kenya, Zambia and Ivory Coast?
In my view in would be in the interest of the GoK to urgently seek to divest a significant stake to a 'strategic investor' (Munich Re, Swiss Re, Lloyd's, Gen Re (part of Berkshire Hathaway), Zurich Re, China Re etc spring to mind) so as the 'true' value of this company can be obtained.... Yes, now that KenRe is going "regional" they are competitors BUT ZepRe is a "transnational" that has goodwill [thanks to the ownership structure] that KenRe doesn't have in many markets. ZepRe has many government & quasi-government shareholders. In Kenya, ZepRe has it own offices in Upper Hill. No idea about the other countries. Yes, KenRe needs a strategic investor who, hopefully, pays "intrinsic" value to acquire shares in KenRe. Offer me 35/- today and my shares are yours! This is the only reason I dont buy the shares of this counter. Despite the good performance, the value remains locked because GoK owns 60% of the business. When GoK decides to offload (to less than 40%)Safaricom style, which may take forever, I will buy in bulk. Until then, I will watch from the sidelines. a look at the listed insurance companies indicates that kenya re is the only counter that offers true value to an investor.Kenya-re was the only one that posted profit for FY 15.Cic was only helped by its big sister co-op bank. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,387 Location: Nairobi
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Kenya’s insurance industry ready for investment, growth http://www.businessdaily...490748-61nr0a/index.htmlGood stuff for the patient. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Kenya Re is by far the most consistent in this industry. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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@vvs Happy new year. Good news following you http://www.businessdaily...503790-sk2cg3/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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Good news indeed on the marine end, though insurance industry in Kenya is on a decline.. Sanlam, UAP, Britam all stressed COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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obiero wrote:Good news indeed on the marine end, though insurance industry in Kenya is on a decline.. Sanlam, UAP, Britam all stressed I have britam and cic and now eying k-re to close the insurance stocks chapter,i however hate the 5 years election fears setback on our market "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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obiero wrote:Good news indeed on the marine end, though insurance industry in Kenya is on a decline.. Sanlam, UAP, Britam all stressed UAP is bleeding money.The South African I.e old mutual were conned big time. SANLAM the South Africans are imposing their way of doing business and really trying to adapt to Kenyan way. Britam the game being played by Wairegi, Munga and Mbaru. The only stable insurance company is ICEALION Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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Not really trying to adapt to Kenyan way Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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mlennyma wrote:obiero wrote:Good news indeed on the marine end, though insurance industry in Kenya is on a decline.. Sanlam, UAP, Britam all stressed I have britam and cic and now eying k-re to close the insurance stocks chapter,i however hate the 5 years election fears setback on our market Britam & CIC?? All the best bro COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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mlennyma wrote:obiero wrote:Good news indeed on the marine end, though insurance industry in Kenya is on a decline.. Sanlam, UAP, Britam all stressed I have britam and cic and now eying k-re to close the insurance stocks chapter,i however hate the 5 years election fears setback on our market Choose one between britam and CIC. Going into both is messing up yourself Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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