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KENYA RE H1 2011
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FUNKY
#1 Posted : Friday, August 12, 2011 8:15:41 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Guys the results are out. EPS up by 1.41 per share from 1.25. PAT up by 12%
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StatMeister
#2 Posted : Friday, August 12, 2011 9:59:13 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
FUNKY wrote:
Guys the results are out. EPS up by 1.41 per share from 1.25. PAT up by 12%


Last year, their profit was up 16% dividend was down 30%. I can reasonably expect their dividend will go down 6% this year in response to their growth.

Not sure what game they are playing, buy its definitely not shareholder interests.
A bad day fishing is better than a good day at work
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Renegade
#3 Posted : Friday, August 12, 2011 10:24:50 AM
Rank: Member


Joined: 4/18/2009
Posts: 118
Reasonable results, but do not hold your breath for a rise in the share price. It will go up a little and then fizzle out. Serious investors abandoned this ship a while ago.
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QW25071985
#4 Posted : Friday, August 12, 2011 11:34:58 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Weak results let the selling continue.
Its amazing how jubille is out-performing all its peers in the insurance industry.
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selah
#5 Posted : Friday, August 12, 2011 1:51:42 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
FV loss on AFS financial asset of (33,417M)it tough out there.
'......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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StatMeister
#6 Posted : Friday, August 12, 2011 5:40:34 PM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Am paranoid of all insurances, especially when they decided PEV, riots, drought and crops are insurable.

One day, they will incur losses and start crying to the government for bailouts.
A bad day fishing is better than a good day at work
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the deal
#7 Posted : Monday, August 15, 2011 4:16:23 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Although Kenya Re recorded an underwriting profit which is quite rare among listed insurance firms top line business only grew by 5.6% as demonstrated by the NPW/NPE ratio above while investment income surged by 41% to stand at Sh700M (Sh497M-2010) due to high rental yields from their investment properties. Income from Government Securities dropped by 38% to stand at Sh180M ( Sh292M in 2010). EPS grew by 14% to stand at Sh1.41, if Kenya Re is able to maintain this performance full year EPS will come in around Sh2.82 thus the stock currently trades at a forward PE OF 2.94 which is quiet Cheap.

Read more here http://www.contrarianinv...n-investment-income.html
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