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KENYA-RE PROTECTED UPTO 2015!
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Cicero
#1 Posted : Monday, January 10, 2011 11:52:38 AM
Rank: Member


Joined: 7/7/2009
Posts: 111
Kenya-Re had stagnated for the last one year or so between shs.10-14 which wazurians explained was due partly to poor management BUT also to the end of the mandatory 18 per cent re-insurance business from Kenyan underwriters at the end of 2010. BUT now the government seems to have extended this deadline to 2015 (todays business daily).

What do you all think will be the response of the share at the NSE? Will it now go to its true value of ~ Shs. 18 - 20?d'oh!
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Layman
#2 Posted : Monday, January 10, 2011 12:12:11 PM
Rank: Member


Joined: 9/21/2006
Posts: 422
Location: Nairobi
@cicero..... stop dreaming!
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Cicero
#3 Posted : Monday, January 10, 2011 12:26:55 PM
Rank: Member


Joined: 7/7/2009
Posts: 111
@Layman, dreams sometimes come true ... wht with out 20 year hope for a constitution realised last year!
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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selah
#4 Posted : Monday, January 10, 2011 1:00:14 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@cicero I think thats the problem with this company, it relies a lot on govt intervention Why do it need that protection if its a strong company....another thing 60% government ownership is not that alluring given that its management is influenced by government bureaucracy.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Cicero
#5 Posted : Monday, January 10, 2011 2:38:43 PM
Rank: Member


Joined: 7/7/2009
Posts: 111
selah wrote:
@cicero I think thats the problem with this company, it relies a lot on govt intervention Why do it need that protection if its a strong company....another thing 60% government ownership is not that alluring given that its management is influenced by government bureaucracy.


@Selah i being government owned doesn't mean that you invariably have to perform poorly. A case in point is KPLC which has perenially done well despit a 49% government ownership ... which if i read the blogs here correctly have/will increase above 50%. I am sure there are other examples. China has made trillions of dollars (even Yuans) out of state companies and cooporations and currently lends the US and EU governments money out of this supplus (++ buys trillions worth of US federal bonds). LETS say it is just the management at Kenya-Re ... that i will concede ...
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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