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KenyaRe FY19 - FY23 (Both Inclusive)
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Ebenyo
#701 Posted : Saturday, September 25, 2021 9:19:55 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?




Cash reserve is so healthy
Towards the goal of financial freedom
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Ericsson
#702 Posted : Saturday, September 25, 2021 10:14:32 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?


Cash reserve is so healthy

Answer Yes or No.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#703 Posted : Sunday, September 26, 2021 8:31:25 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?


Cash reserve is so healthy

Answer Yes or No.


Yes.because many claims have been already settled.
Towards the goal of financial freedom
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Ericsson
#704 Posted : Monday, September 27, 2021 12:32:20 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?


Cash reserve is so healthy

Answer Yes or No.


Yes.because many claims have been already settled.

Let's compare notes in 5.5 months.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#705 Posted : Monday, September 27, 2021 9:36:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?


Cash reserve is so healthy

Answer Yes or No.


Yes.because many claims have been already settled.
Whereas I do hope they maintain the dividend given they have the cash but I am not as optimistic as you are that they can make the same cash PAT for FY2021 as for FY2020.

Claims are still coming through with COVID.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#706 Posted : Monday, September 27, 2021 9:49:04 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
South Africa insurance industry records surge in claims due to covid-19 pandemic,riots.

Kenya Re also does reinsurance business in South Africa through its Zambia subsidiary.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#707 Posted : Tuesday, September 28, 2021 5:25:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
South Africa insurance industry records surge in claims due to covid-19 pandemic,riots.

Kenya Re also does reinsurance business in South Africa through its Zambia subsidiary.
Where did you read that?
I think most of their business out of Zambia is in "southern Africa" ex-SA.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#708 Posted : Tuesday, September 28, 2021 7:47:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
South Africa insurance industry records surge in claims due to covid-19 pandemic,riots.

Kenya Re also does reinsurance business in South Africa through its Zambia subsidiary.
Where did you read that?
I think most of their business out of Zambia is in "southern Africa" ex-SA.

Drool 😂😂😂
Check on their website the countries which the Zambian subsidiary serves.
To quote what is there
"The Zambia subsidiary serves the following countries;
-Angola
-Botswana
-Eswatini
-Lesotho
-Malawi
-Mozambique
-Namibia
-South Africa
-Zambia
-Zimbabwe."
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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Ebenyo
#709 Posted : Tuesday, September 28, 2021 9:38:21 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?


Cash reserve is so healthy

Answer Yes or No.


Yes.because many claims have been already settled.

Let's compare notes in 5.5 months.


Agreed.
Towards the goal of financial freedom
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Ebenyo
#710 Posted : Tuesday, September 28, 2021 9:45:44 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Ebenyo wrote:
Last year the dividend was 0.10.
They can afford 0.20 this year.


Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable.


I doubt

So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning?


Cash reserve is so healthy

Answer Yes or No.


Yes.because many claims have been already settled.
Whereas I do hope they maintain the dividend given they have the cash but I am not as optimistic as you are that they can make the same cash PAT for FY2021 as for FY2020.

Claims are still coming through with COVID.


The huge claims affected HY 1 performance.
These will definitely reduce in HY 2
Towards the goal of financial freedom
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