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Kenya Re HY2017
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Spikes
#41 Posted : Friday, December 15, 2017 11:06:13 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
sparkly wrote:
Ericsson wrote:
If all factors were good/okay Kenya re should be trading at about 40 at par with its peers in terms of investment ratios such as PE


It's only a matter of time.


@ sparkly you've held this stock almost ten years still waiting for the stock to hit 40bob uuze!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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sparkly
#42 Posted : Friday, December 15, 2017 11:02:10 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Spikes wrote:
sparkly wrote:
Ericsson wrote:
If all factors were good/okay Kenya re should be trading at about 40 at par with its peers in terms of investment ratios such as PE


It's only a matter of time.


@ sparkly you've held this stock almost ten years still waiting for the stock to hit 40bob uuze!


Held for around Four years. It's 15% of my portfolio, funded exclusively from my profits in other trades like KCB, Centum, Housing Finance,KK and Kengen.

TPSEA is another stock I have been funding likewise. It is now 16% of my portfolio.

I expect the two stocks to return 100% in the next 2 years.
Life is short. Live passionately.
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Ericsson
#43 Posted : Friday, December 22, 2017 10:47:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Bonus shares will be issued to appease shareholders.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#44 Posted : Friday, December 22, 2017 10:59:00 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
Bonus shares will be issued to appease shareholders.



First CIC, then this.....u sound like a fortune cookie 😁😁
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Ericsson
#45 Posted : Friday, December 22, 2017 12:05:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
Horton wrote:
Ericsson wrote:
Bonus shares will be issued to appease shareholders.



First CIC, then this.....u sound like a fortune cookie 😁😁

Due to IFRS9 and new regulations most institutions in the financial sector will be withholding dividend hikes
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#46 Posted : Saturday, December 23, 2017 10:15:28 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Ericsson wrote:
Horton wrote:
Ericsson wrote:
Bonus shares will be issued to appease shareholders.



First CIC, then this.....u sound like a fortune cookie 😁😁

Due to IFRS9 and new regulations most institutions in the financial sector will be withholding dividend hikes


Is IFRS9 for financial companies alone or will it affect everyone?
Towards the goal of financial freedom
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sparkly
#47 Posted : Saturday, December 23, 2017 10:59:00 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Bonus shares will be issued to appease shareholders.


Inshallah I will be happy with 1 for 5.
Life is short. Live passionately.
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nashx
#48 Posted : Friday, December 29, 2017 2:29:04 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Why the sudden decline...What don't I know?
Offering my personal finance knowledge for free
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Ericsson
#49 Posted : Friday, December 29, 2017 3:32:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
nashx wrote:
Why the sudden decline...What don't I know?


Amongst the top list of worst performing counters this year in the NSE in terms of share price
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#50 Posted : Friday, December 29, 2017 3:48:10 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
nashx wrote:
Why the sudden decline...What don't I know?


Amongst the top list of worst performing counters this year in the NSE in terms of share price



Value trap?!
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nashx
#51 Posted : Friday, December 29, 2017 4:30:17 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
The price has largely stagnated...I wouldn't call that "worst performing" given there are stocks in loss territory. I actually bought more today but wanted to know if anyone is aware of any major change in its fundamentals coz with a fair value of almost 37 the current price is not rational. Nevertheless, unless fundamentals have changed this is a stock I intend to hold till full value is realised
Offering my personal finance knowledge for free
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Ericsson
#52 Posted : Friday, December 29, 2017 4:59:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
31 December 2016,kenya re closed at 22.50
2 January 2017 it opened at 22.50
29 December 2017 kenya re closes at 18.10
Negative 19.5% for the year.
Maybe next year it does a 70% appreciation
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#53 Posted : Friday, December 29, 2017 5:01:13 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Horton wrote:
Ericsson wrote:
nashx wrote:
Why the sudden decline...What don't I know?


Amongst the top list of worst performing counters this year in the NSE in terms of share price



Value trap?!


So it seems until it's not. I thought Unga was a value trap at 8-10 until it hit 40+
Life is short. Live passionately.
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nashx
#54 Posted : Friday, December 29, 2017 6:03:05 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
http://mobile.nation.co....tem-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners
Offering my personal finance knowledge for free
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nashx
#55 Posted : Friday, December 29, 2017 6:04:13 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Ericsson wrote:
31 December 2016,kenya re closed at 22.50
2 January 2017 it opened at 22.50
29 December 2017 kenya re closes at 18.10
Negative 19.5% for the year.
Maybe next year it does a 70% appreciation


Some of us bought at 17 bob hence why I thought it just stagnated
Offering my personal finance knowledge for free
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sparkly
#56 Posted : Friday, December 29, 2017 6:15:22 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
nashx wrote:
http://mobile.nation.co.ke/news/1950946-4232488-item-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners


This is old news to the market. There must be some new news. Perhaps the end year financials are short of expected .
Life is short. Live passionately.
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nashx
#57 Posted : Friday, December 29, 2017 6:26:08 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
sparkly wrote:
nashx wrote:
http://mobile.nation.co.ke/news/1950946-4232488-item-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners


This is old news to the market. There must be some new news. Perhaps the end year financials are short of expected .


Ok that is the best I could find...still searching for what else could have spooked the foreigners....It remains a screaming BUY until I find information to the contrary
Offering my personal finance knowledge for free
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sparkly
#58 Posted : Friday, December 29, 2017 7:09:10 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
nashx wrote:
sparkly wrote:
nashx wrote:
http://mobile.nation.co.ke/news/1950946-4232488-item-1-lh3yr7/index.html

Maybe the reason

Also it had the highest net outflows in terms of foreigners


This is old news to the market. There must be some new news. Perhaps the end year financials are short of expected .


Ok that is the best I could find...still searching for what else could have spooked the foreigners....It remains a screaming BUY until I find information to the contrary


Don't think this has anything to do with it, also old news.
https://www.businessdail...617158-lshy8i/index.html
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Ericsson
#59 Posted : Friday, December 29, 2017 7:13:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,636
Location: NAIROBI
That piece of land they should just book it in the books as loss in the financial statements.
Start on a clean slate next year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#60 Posted : Friday, December 29, 2017 7:49:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,472
Location: nairobi
nashx wrote:
Ericsson wrote:
31 December 2016,kenya re closed at 22.50
2 January 2017 it opened at 22.50
29 December 2017 kenya re closes at 18.10
Negative 19.5% for the year.
Maybe next year it does a 70% appreciation


Some of us bought at 17 bob hence why I thought it just stagnated

I kept telling you guys. This is an old man's stock. People like @vvs who love stability.. I was once a shareholder and I made my returns but I can't go back in

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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