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KenyaRe FY19 - FY23 (Both Inclusive)

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guru267		#41 Posted : Monday, May 13, 2019 12:27:39 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold GOK's stake will remain the same. Mark 12:29 Deuteronomy 4:16
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mlennyma		#42 Posted : Monday, May 13, 2019 12:28:54 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi		Angelica _ann wrote: mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold How now? The stakes remain the same. Iam wrong i had understood it 1:3 "Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana		#43 Posted : Monday, May 13, 2019 12:30:49 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi		mlennyma wrote: Angelica _ann wrote: mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold How now? The stakes remain the same. Iam wrong i had understood it 1:3 Even if that was the case, how would GoK's stake or % have increased? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#44 Posted : Monday, May 13, 2019 12:30:52 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI		mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold There are people who went to school and some who passed by the gate Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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guru267		#45 Posted : Monday, May 13, 2019 12:31:23 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mlennyma wrote: Angelica _ann wrote: mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold How now? The stakes remain the same. Iam wrong i had understood it 1:3 Even if it was 1:3 GOKs stake would remain the same Mark 12:29 Deuteronomy 4:16
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mlennyma		#46 Posted : Monday, May 13, 2019 12:35:00 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi		Ericsson wrote: mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold There are people who went to school and some who passed by the gate You learn till you die lucky is you who knows everything "Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana		#47 Posted : Monday, May 13, 2019 12:50:48 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi		@mlennyma In the case of a bonus/split or consolidation the % ownership does not change. GoK has 420mn KenRe shares oout of 700mn shares which is 60%. After the bonus it will end up with 420mn x 4 = 1.68bn shares BUT the total issued shares will be 700mn x 4 = 2.8bn. So GoK will still have 60%. Keki is the same size. Just more slices! Let's say it was 1:2 (one bonus for every 2 shares held) 420mn x 1.5 = 630mn 700mn x 1.5 = 1,050mn 630/1050 = 60% Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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maka		#48 Posted : Monday, May 13, 2019 12:52:52 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		mlennyma wrote: Ericsson wrote: mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold There are people who went to school and some who passed by the gate You learn till you die lucky is you who knows everything possunt quia posse videntur
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Ericsson		#49 Posted : Monday, May 13, 2019 1:09:06 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI		VituVingiSana wrote: @mlennyma In the case of a bonus/split or consolidation the % ownership does not change. GoK has 420mn KenRe shares oout of 700mn shares which is 60%. After the bonus it will end up with 420mn x 4 = 1.68bn shares BUT the total issued shares will be 700mn x 4 = 2.8bn. So GoK will still have 60%. Keki is the same size. Just more slices! Let's say it was 1:2 (one bonus for every 2 shares held) 420mn x 1.5 = 630mn 700mn x 1.5 = 1,050mn 630/1050 = 60% Well explained vvs Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#50 Posted : Monday, May 13, 2019 1:25:40 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi		maka wrote: mlennyma wrote: Ericsson wrote: mlennyma wrote: young wrote: Superprime1 wrote: Kenya Re proposes bonus issue in the ratio of 3:1! Also looking to set up subsidiary in Uganda. Provide link please ? bad move increasing governments majority stake 3fold There are people who went to school and some who passed by the gate You learn till you die lucky is you who knows everything Hehe HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana		#51 Posted : Monday, May 13, 2019 1:39:38 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi		Ericsson wrote: obiero wrote: VituVingiSana wrote: The hurt from Cyclone Idai could be heavy given KenyaRe has expanded its reinsurance in Southern Africa. KenyaRe also owns 20% of ZepRe which reinsures a lot of Southern Africa business. Reinsurance isn't a steady growth business given the nature of the business but the stronger firms survive to fight another day. With climate change, perhaps the reinsurers need to demand higher rates. I like your new mortician tendency.. KENRE is indeed messed up.. Provision for it Nilisahau but I still worry about potential claims from Cyclone Idai Numbers don't lie,hapo ndio msema kweli Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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kawi254		#52 Posted : Monday, May 13, 2019 2:27:16 PM
Rank: Member Joined: 2/20/2015 Posts: 465 Location: Nairobi		VituVingiSana wrote: Ericsson wrote: obiero wrote: VituVingiSana wrote: The hurt from Cyclone Idai could be heavy given KenyaRe has expanded its reinsurance in Southern Africa. KenyaRe also owns 20% of ZepRe which reinsures a lot of Southern Africa business. Reinsurance isn't a steady growth business given the nature of the business but the stronger firms survive to fight another day. With climate change, perhaps the reinsurers need to demand higher rates. I like your new mortician tendency.. KENRE is indeed messed up.. Provision for it Nilisahau but I still worry about potential claims from Cyclone Idai Numbers don't lie,hapo ndio msema kweli I am no actuarist but there was nothing much insurable in middle Mozambique & southern Malawi . Other than Beira city the rest were rural areas...but yeah, Cyclone Idai will be a good scape goat.
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mlennyma		#53 Posted : Monday, May 13, 2019 2:27:28 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi		VituVingiSana wrote: @mlennyma In the case of a bonus/split or consolidation the % ownership does not change. GoK has 420mn KenRe shares oout of 700mn shares which is 60%. After the bonus it will end up with 420mn x 4 = 1.68bn shares BUT the total issued shares will be 700mn x 4 = 2.8bn. So GoK will still have 60%. Keki is the same size. Just more slices! Let's say it was 1:2 (one bonus for every 2 shares held) 420mn x 1.5 = 630mn 700mn x 1.5 = 1,050mn 630/1050 = 60% this is the wazua spirit,not chest thumping how we went to school,..thanks for explaining . "Don't let the fear of losing be greater than the excitement of winning."
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young		#54 Posted : Monday, May 13, 2019 2:28:39 PM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		Pls any idea when register for 3:1 bonus will close ? I would like to sell off my own may be buy back even more units ex bonus. I take it as Greek gift just as Cabacid OR EA Cables of yester years. Bonus is more ideal if the company is doing well, it it should be minimal like 1:4 maximum. Am not in I&M Bank but do not cherish their 1:1 bonus either. Expect a long term free fall on the long term after KENRE price is adjusted downwards ex bonus. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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VituVingiSana		#55 Posted : Monday, May 13, 2019 2:35:45 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi		kawi254 wrote: VituVingiSana wrote: Ericsson wrote: obiero wrote: VituVingiSana wrote: The hurt from Cyclone Idai could be heavy given KenyaRe has expanded its reinsurance in Southern Africa. KenyaRe also owns 20% of ZepRe which reinsures a lot of Southern Africa business. Reinsurance isn't a steady growth business given the nature of the business but the stronger firms survive to fight another day. With climate change, perhaps the reinsurers need to demand higher rates. I like your new mortician tendency.. KENRE is indeed messed up.. Provision for it Nilisahau but I still worry about potential claims from Cyclone Idai Numbers don't lie,hapo ndio msema kweli I am no actuarist but there was nothing much insurable in middle Mozambique & southern Malawi . Other than Beira city the rest were rural areas...but yeah, Cyclone Idai will be a good scape goat. It's a lot if it was insured, even if just Beira and the flooding spread to Zimbabwe too. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#56 Posted : Monday, May 13, 2019 2:37:29 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI		young wrote: Pls any idea when register for 3:1 bonus will close ? I would like to sell off my own may be buy back even more units ex bonus. I take it as Greek gift just as Cabacid of EA Cables of yester years. Bonus is more ideal if the company is doing well, it it should be minimal like 1:4 maximum. Am not in I&M Bank but do not cherish their 1:1 bonus either. Expect a long term free fall on the long term after KENRE price is adjusted downwards ex bonus. Minimum price it will fall is around 6-7. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Superprime1		#57 Posted : Monday, May 13, 2019 2:41:03 PM
Rank: Member Joined: 5/2/2018 Posts: 267		young wrote: Pls any idea when register for 3:1 bonus will close ? I would like to sell off my own may be buy back even more units ex bonus. I take it as Greek gift just as Cabacid OR EA Cables of yester years. Bonus is more ideal if the company is doing well, it it should be minimal like 1:4 maximum. Am not in I&M Bank but do not cherish their 1:1 bonus either. Expect a long term free fall on the long term after KENRE price is adjusted downwards ex bonus. Book closure June 14, 2019; for dividend and bonus issue.
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VituVingiSana		#58 Posted : Monday, May 13, 2019 2:41:03 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi		young wrote: Pls any idea when register for 3:1 bonus will close ? It is not stated BUT I would think it would be 14th June 2019 same as the dividend closure date I would like to sell off my own may be buy back even more units ex bonus. I take it as Greek gift just as Cabacid of EA Cables of yester years. Bonus is more ideal if the company is doing well, it it should be minimal like 1:4 maximum. Am not in I&M Bank but do not cherish their 1:1 bonus either. Some say it provides liquidity but to me the bonuses are sleights of hand. Expect a long term free fall on the long term after KENRE price is adjusted downwards ex bonus. Ideally the ex-bonus price should be 1/4 of the current price but as you well know the market is not rational Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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guru267		#59 Posted : Monday, May 13, 2019 2:58:58 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Ericsson wrote: young wrote: Pls any idea when register for 3:1 bonus will close ? I would like to sell off my own may be buy back even more units ex bonus. I take it as Greek gift just as Cabacid of EA Cables of yester years. Bonus is more ideal if the company is doing well, it it should be minimal like 1:4 maximum. Am not in I&M Bank but do not cherish their 1:1 bonus either. Expect a long term free fall on the long term after KENRE price is adjusted downwards ex bonus. Minimum price it will fall is around 6-7. EPS will be 0.8 ex bonus and forward EPS should be above 1 bob. A share price of 7 bob ex bonus will mean that one will double their money if they get in at current prices. Mark 12:29 Deuteronomy 4:16
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Pesa Nane		#60 Posted : Monday, May 13, 2019 3:03:21 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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