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kenya re
chiaroscuro
#31 Posted : Friday, August 10, 2012 1:41:28 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
I have an odd [actually, even] lot of this stock. They were 38 pieces and now I got 5 new ones making 43 - "odder" than they were.

How can I sell them?
Layman
#32 Posted : Friday, August 10, 2012 4:10:19 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
chiaroscuro wrote:
I have an odd [actually, even] lot of this stock. They were 38 pieces and now I got 5 new ones making 43 - "odder" than they were.

How can I sell them?


I had a similar problem with those less than 100 shares in many counters. I understand its easier to find a seller (to sell to me) than a buyer for your odd ones, I dont know how becoz there cannot be buyer if theres no seller. So what I did, i bought the difference to make them 100 shares and sold them easily. Yu can do the same. Just ask your broker to purchase the additional shares for each of those odd lost stocks at market price (they are usually cheaper) and then sell the resultant normal lots. But of course this makes economic sense only if you've got many shares otherwise it might be expensive to buy 57 shares (in your case) then sell the 100 shares if you factor in comissions to brokers.

Alternatively, ask your broker to sell them at market price. Could take time but eventually they will be sold.
mwekez@ji
#33 Posted : Saturday, August 11, 2012 7:27:01 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
a one off gain of KES 310M from sale of a sports complex boosted the numbers
mwekez@ji
#34 Posted : Saturday, August 11, 2012 7:29:45 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
a one off gain of KES 310M from sale of a sports complex boosted the numbers #H1 2012 Kenya Re Results
mwekez@ji
#35 Posted : Saturday, August 11, 2012 7:49:13 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kenya Re were net sellers of shares in the market during H1 2012. Thats an indication that they think the market has topped and a better buying time will present itself.
youcan'tstopusnow
#36 Posted : Sunday, August 12, 2012 7:30:13 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kenya Re plans to open a branch in southern Africa by early next year as it seeks geographical and sectoral diversification with its special local concessions set to expire in three years

The company draws more than half of its earnings from Kenya and plans to grow its continental business by setting up more branches in key regions.

It gets a mandatory 18 per cent of the local reinsurance premiums but this guarantee is set to end in 2015, exposing it to international competition.

“We are already underwriting risks in southern Africa markets, but the physical branch will help us offer better services and grow our business,” said Kenya Re Managing Director Jadiah Mwarania.

The listed company is mulling over setting up the branch in Botswana, Mozambique, Zambia, or Zimbabwe once it completes research on the capital and regulatory requirements in each of the countries.

http://www.businessdaily...4/-/tcxohl/-/index.html
GOD BLESS YOUR LIFE
Ericsson
#37 Posted : Monday, August 13, 2012 11:32:04 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
mwekez@ji;Don't also forget that the first half is when Kenya Re was getting dividends from majority of the clients it has stakes in.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#38 Posted : Monday, August 13, 2012 11:34:03 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Majority of the companies it has stakes in
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mwekez@ji
#39 Posted : Monday, August 13, 2012 12:27:44 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Ericsson wrote:
mwekez@ji;Don't also forget that the first half is when Kenya Re was getting dividends from majority of the clients it has stakes in.


All these factors beg the question on whether Kenya Re can replicate the 40% growth at year end
Ericsson
#40 Posted : Monday, August 13, 2012 3:18:18 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
They will be able due to;
-Growth in premiums
-Growth in Investment Income from Improved performance of listed companies they have stake in.
--Growth in investment income on their bond portfolio.If you look at the balance sheet there is a significant growth in holdings in government bonds
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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