Wazua
»
Investor
»
Stocks
»
Kenya Re - what gives?
Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:Angelica _ann wrote:MadDoc wrote:obiero wrote:MadDoc wrote:Anyone with clues on the current drop in share price? The same reason it went up.. Nothing tangible!!  ii yako ni chuki Anything VVS holds is normal trashed (somehow except Unga Group), if you have been following them. @Angel - As a Warren Buffett fan and follower, I am OK with all the kelele ya chura. After all, I get my dividend regularly and sleep at night without worrying about when the CEO will be fired for poor performance! Unga - Nick Hutchinson has been around for 5+ years as CEO. Isabella Ocholla-Wilson has been around for a few years too. KenRe - Mwarania is doing OK and there's no talk of replacing him. I&M - The "old" CEO [now a director] retired at 65 (or something like that) while the Executive Director (48) still runs the show. KK - Ohana's 4th year as CEO. Mathenge's 4th year as chairman. Profits rolling in! I can wait out the downturns in share price as long as the CORE business is doing well enough. I expect all the above to do better in FY 2017 vs FY 2016 except I&M like most banks. Even Unga with a tough year (drought, KES/USD) is expected to do better. Some smaller holdings like Williamson/Kapchorua will take a hit [drought] but I can wait for the "boom" in 1-2 years. TPSEA will have a tough time due to the elections [low tourist numbers and construction/rehab of Nairobi Serena] but give it 2 years. Car & General will suffer in 2017 [KES/USD, elections] but I expect a decent 2018. Why don't I worry unduly about these firms for now? QUALITY MANAGEMENT... Kenya Airways has the highest quality chairman in East & Central Africa.. Revenues unmatched by any other listed lender apart from Safaricom Chairman: Respect the guy Losses: KK made losses for 2 years then profits galore. Expect 3bn excluding KPRL provisions for 2016. Ceteris Paribus 3bn+ for 2017. What are KQ's revenues? Let's compare to KK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Angelica _ann wrote:MadDoc wrote:obiero wrote:MadDoc wrote:Anyone with clues on the current drop in share price? The same reason it went up.. Nothing tangible!! ii yako ni chuki Anything VVS holds is normal trashed (somehow except Unga Group), if you have been following them. @Angel - As a Warren Buffett fan and follower, I am OK with all the kelele ya chura. After all, I get my dividend regularly and sleep at night without worrying about when the CEO will be fired for poor performance! Unga - Nick Hutchinson has been around for 5+ years as CEO. Isabella Ocholla-Wilson has been around for a few years too. KenRe - Mwarania is doing OK and there's no talk of replacing him. I&M - The "old" CEO [now a director] retired at 65 (or something like that) while the Executive Director (48) still runs the show. KK - Ohana's 4th year as CEO. Mathenge's 4th year as chairman. Profits rolling in! I can wait out the downturns in share price as long as the CORE business is doing well enough. I expect all the above to do better in FY 2017 vs FY 2016 except I&M like most banks. Even Unga with a tough year (drought, KES/USD) is expected to do better. Some smaller holdings like Williamson/Kapchorua will take a hit [drought] but I can wait for the "boom" in 1-2 years. TPSEA will have a tough time due to the elections [low tourist numbers and construction/rehab of Nairobi Serena] but give it 2 years. Car & General will suffer in 2017 [KES/USD, elections] but I expect a decent 2018. Why don't I worry unduly about these firms for now? QUALITY MANAGEMENT... Kenya Airways has the highest quality chairman in East & Central Africa.. Revenues unmatched by any other listed lender apart from Safaricom Chairman: Respect the guy Losses: KK made losses for 2 years then profits galore. Expect 3bn excluding KPRL provisions for 2016. Ceteris Paribus 3bn+ for 2017. What are KQ's revenues? Let's compare to KK. KQs revenues even in the face of falling profits has never been less than KES 105B in the last 5 year's
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Angelica _ann wrote:MadDoc wrote:obiero wrote:MadDoc wrote:Anyone with clues on the current drop in share price? The same reason it went up.. Nothing tangible!! ii yako ni chuki Anything VVS holds is normal trashed (somehow except Unga Group), if you have been following them. @Angel - As a Warren Buffett fan and follower, I am OK with all the kelele ya chura. After all, I get my dividend regularly and sleep at night without worrying about when the CEO will be fired for poor performance! Unga - Nick Hutchinson has been around for 5+ years as CEO. Isabella Ocholla-Wilson has been around for a few years too. KenRe - Mwarania is doing OK and there's no talk of replacing him. I&M - The "old" CEO [now a director] retired at 65 (or something like that) while the Executive Director (48) still runs the show. KK - Ohana's 4th year as CEO. Mathenge's 4th year as chairman. Profits rolling in! I can wait out the downturns in share price as long as the CORE business is doing well enough. I expect all the above to do better in FY 2017 vs FY 2016 except I&M like most banks. Even Unga with a tough year (drought, KES/USD) is expected to do better. Some smaller holdings like Williamson/Kapchorua will take a hit [drought] but I can wait for the "boom" in 1-2 years. TPSEA will have a tough time due to the elections [low tourist numbers and construction/rehab of Nairobi Serena] but give it 2 years. Car & General will suffer in 2017 [KES/USD, elections] but I expect a decent 2018. Why don't I worry unduly about these firms for now? QUALITY MANAGEMENT... Kenya Airways has the highest quality chairman in East & Central Africa.. Revenues unmatched by any other listed lender apart from Safaricom Chairman: Respect the guy Losses: KK made losses for 2 years then profits galore. Expect 3bn excluding KPRL provisions for 2016. Ceteris Paribus 3bn+ for 2017. What are KQ's revenues? Let's compare to KK. KQs revenues even in the face of falling profits has never been less than KES 105B in the last 5 year's Give me KQ's numbers [Revenue, PBT and PAT] and we can compare. I'll get KK's numbers. Let's shift this discussion to KK or KQ's board. In the meantime, Kenya Re is investing in T-Bonds at high rates. Nice. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
I see KK, KQ, Unga being discussed here yet thread is for kenya Re. Where is sparkly to make the noise Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order I wonder who the culprits are Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
KENRE share goes back to familiar territory, sub 20 tomorrow https://www.nse.co.ke/ma...tatistics&Itemid=190
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
|
To think, not too long ago... KenRe and KQ were at the same price! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
VituVingiSana wrote:To think, not too long ago... KenRe and KQ were at the same price! Cest la vie.. They will intersect in 2017 as KQ moves to the skies above
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Spikes wrote:obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. pre·car·i·ous prəˈkerēəs/ adjective 1. not securely held or in position; dangerously likely to fall or collapse. "a precarious ladder" 2. dependent on chance; uncertain. "she made a precarious living by writing" Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
Pesa Nane wrote:Spikes wrote:obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. pre·car·i·ous prəˈkerēəs/ adjective 1. not securely held or in position; dangerously likely to fall or collapse. "a precarious ladder" 2. dependent on chance; uncertain. "she made a precarious living by writing" I know... You've been conditioned to think not beyond what your English teacher taught you. No wonder education experts have rolled out an overhaul of the system to weed out elimu ya kukariri.... Not even a single A was registered in English after the 2016 KCSE exams. .....I'll send you to Matiang'i for reevaluation. ..I'm quite skeptical about your qualifications. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
|
Spikes wrote:Pesa Nane wrote:Spikes wrote:obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. pre·car·i·ous prəˈkerēəs/ adjective 1. not securely held or in position; dangerously likely to fall or collapse. "a precarious ladder" 2. dependent on chance; uncertain. "she made a precarious living by writing" I know... You've been conditioned to think not beyond what your English teacher taught you. No wonder education experts have rolled out an overhaul of the system to weed out elimu ya kukariri.... Not even a single A was registered in English after the 2016 KCSE exams. .....I'll send you to Matiang'i for reevaluation. .. I'm quite skeptical about your qualifications. Since my English qualifications are also suspect, here: "gnothi seauton"
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
I like the way I'm leaving guys uncomfortable coz I'm here to expose the rot in 8-4-4 system. It is good to feel irritated because your wrong foundations are challenged. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
|
The current management is IMHO decent enough. This is a firm that I would be comfortable with if it delisted. Eventually, [as long as the KE politicians stay away] this firm will pop. I don't care about the share price as long as the profits roll in. When GoK is ready to give up the majority control/ownership to someone else then expect a takeover bid. I don't see this happening until after 2022 but let the profits roll in. If I has KES 15bn, and connections at GoK, I would buy this firm up lock, stock and barrel. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
a company on the edge http://www.businessdaily...10758-umjilrz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
[quote=obiero]a company on the edge http://www.businessdaily...0758-umjilrz/index.html[/quote] Where is the edge? Quote:A.M. Best said it expects Kenya Re to continue making good profits over the medium term, supported by mandatory cessions in Kenya’s market, whilst investment returns, which have been exceptionally high in recent years, may come under downward pressure.
Kenya Re’s local concessions, which guarantees the firm 20 per cent of Kenya’s re-insurance premiums, was renewed last year for a further five-year period.
It expects more profit from concessions arising from covering the multibillion marine insurance. Life is short. Live passionately.
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
|
sparkly wrote:[quote=obiero]a company on the edge http://www.businessdaily...0758-umjilrz/index.html[/quote] Where is the edge? Quote:A.M. Best said it expects Kenya Re to continue making good profits over the medium term, supported by mandatory cessions in Kenya’s market, whilst investment returns, which have been exceptionally high in recent years, may come under downward pressure.
Kenya Re’s local concessions, which guarantees the firm 20 per cent of Kenya’s re-insurance premiums, was renewed last year for a further five-year period.
It expects more profit from concessions arising from covering the multibillion marine insurance. No problem at all.Just the nature of the re-insurance business!let him give us any near alternative? britam? liberty? sanlam? cic? a big NO at the moment. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
“Kenya Re’s operating results during the first nine months of 2016 were ahead of those achieved during the same period of 2015" In light of Kenya-Re's need for more capital coupled with its almost "dislike" for borrowed funds, I would venture to say that I envisage an issuing of bonus shares. A 2011 deja vu experience might very well be in the offing for the stockholders. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
|
Ericsson wrote:“Kenya Re’s operating results during the first nine months of 2016 were ahead of those achieved during the same period of 2015"
In light of Kenya-Re's need for more capital coupled with its almost "dislike" for borrowed funds, I would venture to say that I envisage an issuing of bonus shares. A 2011 deja vu experience might very well be in the offing for the stockholders. Bonus shares add no value but simply a movement of numbers from one line to another. Solid firm. I wish we had more firms like these and none like those making billions in losses year after year Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Re - what gives?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|