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Kenya Re - what gives?
Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years KQ wasnt and still isnt holding market share in EA. I think problems were finance costs, too much debt and others. What do u think is a problem here in KNRE? It has no Debt
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Horton wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years KQ wasnt and still isnt holding market share in EA. I think problems were finance costs, too much debt and others. What do u think is a problem here in KNRE? It has no Debt GoK influence in the csuite
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :)
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments. Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments. Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Well said.... possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments. Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. For traders,kq is a mincemeat.But for longterm investors,its a dead rubber.Surely i dont understand why its so much hyped here in wazua.Too much emotions is attached to it.I went through kq fy 2015 results and i really felt sorry for its financial health. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments. Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Spoken like 10 elders Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/15/2013 Posts: 301
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Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments.
Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Spoken like 10 elders  so true....human psycology is weird...instead of discussing good firms that can make you money instead most would rather bash in a non-performing company "glorify"in its failure...
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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mulla wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments.
Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Spoken like 10 elders so true....human psycology is weird...instead of discussing good firms that can make you money instead most would rather bash in a non-performing company "glorify"in its failure... Not true. Some of feel we have a civic duty to call out the BS peddled by some "paid" liars. These liars portray a false image of the firm. Pump and Dump. Also there are lessons to be learnt on how to assess a firm's management and performance. I have learnt many lessons from my unfortunate foray into Olympia and KQ. Lessons I try to apply to other investments e.g. debt:equity, corporate governance, management ownership, etc. KenyaRe is an investment I made after selling off my KQ. It's not flashy, the CEO isn't on many (unrelated) boards, is cash rich and has a moat. KQ was/had none of these. It's share price is lethargic but I am a net buyer who loves discounted stocks. I can wait 5 or 10 years before there's a meaningful increase in price. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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I'm unable to get any information on book closure. Anyone in the know?
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Shak wrote:I'm unable to get any information on book closure. Anyone in the know? it was not indicated in the financial statement.Maybe those with insider knowledge should tell us. Towards the goal of financial freedom
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ebenyo wrote:Shak wrote:I'm unable to get any information on book closure. Anyone in the know? it was not indicated in the financial statement.Maybe those with insider knowledge should tell us. Wait for the AGM announcement. Quote:The proposed dividends are subject to approval by shareholders at the AGM Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:mulla wrote:Ericsson wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:obiero wrote:Horton wrote:Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! πππ I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments.
Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Spoken like 10 elders so true....human psycology is weird...instead of discussing good firms that can make you money instead most would rather bash in a non-performing company "glorify"in its failure... Not true. Some of feel we have a civic duty to call out the BS peddled by some "paid" liars. These liars portray a false image of the firm. Pump and Dump. Also there are lessons to be learnt on how to assess a firm's management and performance. I have learnt many lessons from my unfortunate foray into Olympia and KQ. Lessons I try to apply to other investments e.g. debt:equity, corporate governance, management ownership, etc. KenyaRe is an investment I made after selling off my KQ. It's not flashy, the CEO isn't on many (unrelated) boards, is cash rich and has a moat. KQ was/had none of these. It's share price is lethargic but I am a net buyer who loves discounted stocks. I can wait 5 or 10 years before there's a meaningful increase in price. KenRe facing massive downward pressure.. We wish the travellers on this bus, a safe journey
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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@Obiero In tomorrow's trading price will be on upward trend Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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Quality firm. I'll buy more! Warren Buffett: βLong ago, Ben Graham taught me that βPrice is what you pay; value is what you get.β Whether weβre talking about socks or stocks, I like buying quality merchandise when it is marked down.β Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/15/2013 Posts: 301
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VituVingiSana wrote:Quality firm. I'll buy more!
Warren Buffett: βLong ago, Ben Graham taught me that βPrice is what you pay; value is what you get.β Whether weβre talking about socks or stocks, I like buying quality merchandise when it is marked down.β
Highly undervalued stock. Very lethargic with regards to share price movement. This is one of those stocks that is hibernating, but on the day investors decide that it needs to catch up with its brothers value wise, capital gains will be immense. It should be trading at minimum 40/= if its to catch up with its peers.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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mulla wrote:VituVingiSana wrote:Quality firm. I'll buy more!
Warren Buffett: βLong ago, Ben Graham taught me that βPrice is what you pay; value is what you get.β Whether weβre talking about socks or stocks, I like buying quality merchandise when it is marked down.β
Highly undervalued stock. Very lethargic with regards to share price movement. This is one of those stocks that is hibernating, but on the day investors decide that it needs to catch up with its brothers value wise, capital gains will be immense. It should be trading at minimum 40/= if its to catch up with its peers. Value trap
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