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Kenya Re - 2018 and beyond
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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If the company had visionary leadership with all the money they could have increased their stake in private equity like Africa Re or had a 0.1% stake in safaricom which has consistently delivered good returns. I see in the annual report they have a 11.5% stake in Uganda Re Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Touched a 1 year low of 14.50 today.  Effects of the recent shenanigans with management or is the bear just mauling down everything in its path?
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Rank: Member Joined: 5/2/2018 Posts: 267
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rwitre wrote:Touched a 1 year low of 14.50 today. Effects of the recent shenanigans with management or is the bear just mauling down everything in its path? Some very lucky buyers scooped some before the market realised and immediately reacted with a spike in strong demand above 15. 
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Rank: Elder Joined: 6/23/2009 Posts: 13,512 Location: nairobi
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Superprime1 wrote:rwitre wrote:Touched a 1 year low of 14.50 today. Effects of the recent shenanigans with management or is the bear just mauling down everything in its path? Some very lucky buyers scooped some before the market realised and immediately reacted with a spike in strong demand above 15. Troubled stock. It appears on @Yasser list
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/2/2018 Posts: 267
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obiero wrote:Superprime1 wrote:rwitre wrote:Touched a 1 year low of 14.50 today. Effects of the recent shenanigans with management or is the bear just mauling down everything in its path? Some very lucky buyers scooped some before the market realised and immediately reacted with a spike in strong demand above 15. Troubled stock. It appears on @Yasser list For this one, it's best time to buy. There's blood in the streets (its streets)!
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Superprime1 wrote:obiero wrote:Superprime1 wrote:rwitre wrote:Touched a 1 year low of 14.50 today. Effects of the recent shenanigans with management or is the bear just mauling down everything in its path? Some very lucky buyers scooped some before the market realised and immediately reacted with a spike in strong demand above 15. Troubled stock. It appears on @Yasser list For this one, it's best time to buy. There's blood in the streets (its streets)! The current market slump is bringing bargains.  KenyaRe is in a healthy cash state, and easy capital gains will be realised upon market recovery. Problem is uncertainity about management, so not a long-term choice. Fortunately there is time to assess that- a year or so, and decide whether to remain on board (while still enjoying dividends), or book gains and jump ship.
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Rank: Member Joined: 5/2/2018 Posts: 267
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rwitre wrote:Superprime1 wrote:obiero wrote:Superprime1 wrote:rwitre wrote:Touched a 1 year low of 14.50 today. Effects of the recent shenanigans with management or is the bear just mauling down everything in its path? Some very lucky buyers scooped some before the market realised and immediately reacted with a spike in strong demand above 15. Troubled stock. It appears on @Yasser list For this one, it's best time to buy. There's blood in the streets (its streets)! The current market slump is bringing bargains. KenyaRe is in a healthy cash state, and easy capital gains will be realised upon market recovery. Problem is uncertainity about management, so not a long-term choice. Fortunately there is time to assess that- a year or so, and decide whether to remain on board (while still enjoying dividends), or book gains and jump ship. Absolutely. It's 2018 full year results will be scanned with a toothcomb.
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Rank: Elder Joined: 6/23/2009 Posts: 13,512 Location: nairobi
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Superprime1 wrote:rwitre wrote:Superprime1 wrote:obiero wrote:Superprime1 wrote:rwitre wrote:Touched a 1 year low of 14.50 today. Effects of the recent shenanigans with management or is the bear just mauling down everything in its path? Some very lucky buyers scooped some before the market realised and immediately reacted with a spike in strong demand above 15. Troubled stock. It appears on @Yasser list For this one, it's best time to buy. There's blood in the streets (its streets)! The current market slump is bringing bargains. KenyaRe is in a healthy cash state, and easy capital gains will be realised upon market recovery. Problem is uncertainity about management, so not a long-term choice. Fortunately there is time to assess that- a year or so, and decide whether to remain on board (while still enjoying dividends), or book gains and jump ship. Absolutely. It's 2018 full year results will be scanned with a toothcomb. It's a bargain but a risky one due to management issue
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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https://www.businessdail...72958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania. Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job. The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign "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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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murchr wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign @vvs So now the counter should go back to ksh.20? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,512 Location: nairobi
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Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign Board room drama has never ended well in any company. Expect harder knocks on the share price
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,512 Location: nairobi
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Pesa Nane wrote:Ericsson wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected. The board hardened its position when the court ordered for negotiation.They will now have several options: 1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021 2.Appeal the court decision. 3.The board members behind Mwarania sacking to resign The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania. Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re. cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D This is obviously true and the only way forward
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:murchr wrote:Ericsson wrote:VituVingiSana wrote:https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html
The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.
Out of court negotiation failed. Good Ruto guys should resign @vvs So now the counter should go back to ksh.20? The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/- Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Kenya Re boss sack tied to State House order, rules judge https://www.businessdail...675954-p0ojii/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=VituVingiSana]Kenya Re boss sack tied to State House order, rules judge https://www.businessdail...75954-p0ojii/index.html[/quote] Handshake manenos Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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