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Kenya Re - 2018 and beyond
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obiero
#101 Posted : Tuesday, March 27, 2018 8:54:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Ebenyo wrote:
Pesa Nane wrote:
VituVingiSana wrote:
17/- d'oh! d'oh! d'oh!
Crooks calling the shots.
#BringBackMwarania


I am a buyer. Ole wangu Pray


Applause Applause

I once held this monkey until it started gassing

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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nashx
#102 Posted : Tuesday, March 27, 2018 8:58:18 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Also a buyer...
Offering my personal finance knowledge for free
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obiero
#103 Posted : Tuesday, March 27, 2018 10:18:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
nashx wrote:
Also a buyer...

All the very best @nashx

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#104 Posted : Wednesday, March 28, 2018 10:30:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
https://www.businessdail...2142-jwb8noz/index.html

Sacked Kenya Re managing director Jadiah Mwarania has held that his feud with the board chairman cost him his job and says the firm’s performance is healthy contrary to the latter’s claims.

The assertions are contained in a further affidavit filed in response to claims made by board chairman David Kemei who told the court that the sacked managing director lost his job for non-performance.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#105 Posted : Thursday, March 29, 2018 7:40:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/Ex-Kenya-Re-boss-says-Kinyua-memo-got-him-the-sack/4003102-4362142-jwb8noz/index.html

Sacked Kenya Re managing director Jadiah Mwarania has held that his feud with the board chairman cost him his job and says the firm’s performance is healthy contrary to the latter’s claims.

The assertions are contained in a further affidavit filed in response to claims made by board chairman David Kemei who told the court that the sacked managing director lost his job for non-performance.

"The ousted CEO says for the 27 years he worked for the firm, he received his first warning memo in June 2017, shortly after he complied with orders from Chief-of-Staff and Public Service head Joseph Kinyua to start the process of replacing Mr Kemei and other two directors."
It seems that Kemei and godfather #1 behind Mwarania's woes.
KenRe has ma-billions in cash & cash equivalents. And 2022 is closer than one thinks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#106 Posted : Thursday, March 29, 2018 7:45:17 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#107 Posted : Thursday, March 29, 2018 8:53:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Gross written premiums up 13% to 14.28%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#108 Posted : Thursday, March 29, 2018 9:02:16 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.
Towards the goal of financial freedom
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obiero
#109 Posted : Friday, May 18, 2018 7:28:56 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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mulla
#110 Posted : Friday, May 18, 2018 2:05:18 PM
Rank: Member


Joined: 6/15/2013
Posts: 301
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think
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Ebenyo
#111 Posted : Friday, May 18, 2018 4:03:53 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think



Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
Towards the goal of financial freedom
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VituVingiSana
#112 Posted : Saturday, May 19, 2018 10:05:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#113 Posted : Saturday, May 19, 2018 10:29:53 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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whiteowl
#114 Posted : Sunday, May 20, 2018 9:43:12 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.
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VituVingiSana
#115 Posted : Sunday, May 20, 2018 12:05:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
whiteowl wrote:
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.

How do you define a worthwhile gain?
You are simply looking at the "share price" [BTW, I do not disagree with your conclusion now that the 2022 "eating" brigade is in charge] versus the gains in the intrinsic value over the past 6 years. The NAV (a lot of it in cash/T-Bonds) has almost doubled over 6 years.

Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett’s buying wisdom can be condensed into 2 statements:
1) Buy great businesses when they are trading at fair or better prices.
2) This occurs when short-term traders become pessimistic.

KenRe is a great business. It wasn't one for speculators over the past 6 years.
The catch is that a good manager has been replaced by a cabal of crooks.
I (currently) remain hopeful that the cabal is forced to competitively hire a good manager to replace Mwarania. Think KQ. I do not think they will allow Mwarania back. The sad bit about KQ is that Mikosz was brought in AFTER the looting was complete. The same could happen at KenRe.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#116 Posted : Sunday, May 20, 2018 5:35:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Warren Buffett: “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#117 Posted : Sunday, May 20, 2018 9:17:01 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
VituVingiSana wrote:
Warren Buffett: “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”

True

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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whiteowl
#118 Posted : Sunday, May 20, 2018 11:46:38 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
whiteowl wrote:
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.

How do you define a worthwhile gain?
You are simply looking at the "share price" [BTW, I do not disagree with your conclusion now that the 2022 "eating" brigade is in charge] versus the gains in the intrinsic value over the past 6 years. The NAV (a lot of it in cash/T-Bonds) has almost doubled over 6 years.

Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett’s buying wisdom can be condensed into 2 statements:
1) Buy great businesses when they are trading at fair or better prices.
2) This occurs when short-term traders become pessimistic.

KenRe is a great business. It wasn't one for speculators over the past 6 years.
The catch is that a good manager has been replaced by a cabal of crooks.
I (currently) remain hopeful that the cabal is forced to competitively hire a good manager to replace Mwarania. Think KQ. I do not think they will allow Mwarania back. The sad bit about KQ is that Mikosz was brought in AFTER the looting was complete. The same could happen at KenRe.


Buffet also talks about looking at the character of the guys at the top before looking at the books.My reference to worthwhile gains was with in reference to anyone who may want to cash out now.
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muandiwambeu
#119 Posted : Monday, May 21, 2018 5:01:05 AM
Rank: Veteran


Joined: 8/28/2015
Posts: 1,247
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think



Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.

A corporate strategy is a forebearing of a group of person's personalities and thus if the personalities are grotesque and threatening, then fearing the corporate is necessary
,Behold, a sower went forth to sow;....
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VituVingiSana
#120 Posted : Monday, May 21, 2018 8:47:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
whiteowl wrote:
VituVingiSana wrote:
whiteowl wrote:
obiero wrote:
VituVingiSana wrote:
Ebenyo wrote:
mulla wrote:
obiero wrote:
Ebenyo wrote:
obiero wrote:
PBT up 8% y-on-y to stand at 3.7B up from 3.3B dividend KES 0.85


6% dividend increase not bad.

That's PAT actually. PBT 4.558 2017 vs 4.218 2016

Food for thought....closer to the 2022 gen. election might dividends be reduced for arap singh's campaign trail.......Think Think


Its not wise to make a decision based on fear.
The results so far are good.Lets wait for next audited results.
FY 2017 was under Mwarania. FY 2018 will be under the new regime. I fear that "real estate" investments will take a central role. We know what happened in years past.

Hehe


Even on its best days this share didn't generate any worthwhile gains so if you're still on this bus exit safely before 2022 carnage.

How do you define a worthwhile gain?
You are simply looking at the "share price" [BTW, I do not disagree with your conclusion now that the 2022 "eating" brigade is in charge] versus the gains in the intrinsic value over the past 6 years. The NAV (a lot of it in cash/T-Bonds) has almost doubled over 6 years.

Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett’s buying wisdom can be condensed into 2 statements:
1) Buy great businesses when they are trading at fair or better prices.
2) This occurs when short-term traders become pessimistic.

KenRe is a great business. It wasn't one for speculators over the past 6 years.
The catch is that a good manager has been replaced by a cabal of crooks.
I (currently) remain hopeful that the cabal is forced to competitively hire a good manager to replace Mwarania. Think KQ. I do not think they will allow Mwarania back. The sad bit about KQ is that Mikosz was brought in AFTER the looting was complete. The same could happen at KenRe.


Buffet also talks about looking at the character of the guys at the top before looking at the books.My reference to worthwhile gains was with in reference to anyone who may want to cash out now.

When I first invested in KenRe, it had was led by Mwarania. It was a steady solid performance. [EPS, NAV]. The recent (FY 2018) change is worrisome. I have not bought a single KenRe share since.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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