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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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dunkang wrote:come the next year, Total will be back to the game. Is this something you tell yourself every year? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:Kenya-Re: Gov't control scares me. KPLC started having cashflow problems after GoK ended up with 51%. They refused the politically expedient tariff increase which was due KPLC & highlighted in the Rights IM. KPLC could & should have sued but did not coz GoK owns 51%. Another is KQ now that GoK has a larger shareholding vs KLM. Will GoK 'buy' peace with the 'electorate' using politically expedient decisions?
So will Kenya-Re suffer similar problems? Will it pay out on losses it should not? Does Kenya-Re have the ability to compete without government protection? @VVS are you aware of all the re branding and management changes going on at Kenya re? The government plans to fatten the profitability & efficiency of the firm before ceding majority of its stake to a strategic investor in line with with its grand privatisation plan!! Lets not be stuck in the Moi days!! OK, but better safe than sorry. I will stick with those firms where GoK's ownership/influence is significantly below 50%. KCB comes to mind where GoK is only 17.63% vs KenRe. For all the re-branding & management changes at KenRe [including forcing KE firms to cede re-insurance to KenRe] the folks at Jubilee are & doing much better than KenRe hands down. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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VituVingiSana wrote: OK, but better safe than sorry. I will stick with those firms where GoK's ownership/influence is significantly below 50%. KCB comes to mind where GoK is only 17.63% vs KenRe.
For all the re-branding & management changes at KenRe [including forcing KE firms to cede re-insurance to KenRe] the folks at Jubilee are & doing much better than KenRe hands down.
I'm with you on this one. Question. Demand for Jubilee @184 Supply available @194. There hasn't been any movement in the last few days, relent or wait for a dip?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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CFCI/Liberty Kenya is a diamond in the rough! It could easily go to KES16 in 2013. CFCI accounting is good. in 2011 they disclosed the huge hit they took on their bond portfolio unlike Kenyan banks!
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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the deal wrote:CFCI/Liberty Kenya is a diamond in the rough! It could easily go to KES16 in 2013. CFCI accounting is good. in 2011 they disclosed the huge hit they took on their bond portfolio unlike Kenyan banks! Please pardon my ignorance.. is cfci (listed) and liberty one entity? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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I do not foresee any reduction in shareholding by the government in Kenya Re. The trend worldwide is for gava to have majority shareholding in strategic industries Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ericsson wrote:I do not foresee any reduction in shareholding by the government in Kenya Re.
The trend worldwide is for gava to have majority shareholding in strategic industries Trust me if GOK has been exiting banks then i do not see why they would hold on to reinsurance!! The former industry is way way more strategic than the latter... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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guru267 wrote:Ericsson wrote:I do not foresee any reduction in shareholding by the government in Kenya Re.
The trend worldwide is for gava to have majority shareholding in strategic industries Trust me if GOK has been exiting banks then i do not see why they would hold on to reinsurance!! The former industry is way way more strategic than the latter... Greece? In what way? Uncertainty is certain.Let go
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@guru267 they have suddenly acquired additional stake in KQ. They are disposing Telkom Kenya and holding onto Safaricom the fresh cow that produces milk. The gava is disposing non-performing entities Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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being majority held by the government does come with its perks!! Check this out.. www.businessdailyafrica....32/-/is756o/-/index.htmlMark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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What happened to GOK shedding its 70% stake in Kengen
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:What happened to GOK shedding its 70% stake in Kengen GOK is waiting for better share prices on kengen and Kenya Re before they sell.. I do not expect any rational major investor to sell below book value which is where the 2 are trading! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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guru267 wrote:mwekez@ji wrote:What happened to GOK shedding its 70% stake in Kengen GOK is waiting for better share prices on kengen and Kenya Re before they sell.. I do not expect any rational major investor to sell below book value which is where the 2 are trading! Value investing at its best Uncertainty is certain.Let go
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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TOTAL kenya LTD. I did some light digging. I discovered that the numbers of issued shares remained the same. Total-outre mer the main shareholder "converted" about half of its shares to preference shares, that have no voting rights, recieve dividends as ordinary shares. The par value of the preference shares is 31.58, while ordinary shares have a par value of 5.00 To me this seems like something like magic??? i don't understand what exactly happened. Could a kind wazuan explain the implication of the shares actions. link here, page 54. http://www.google.co.ke/...mp;bvm=bv.41018144,d.d2kThe investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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On NBK. The bank has a huge stock of preferance shares which could poison any takeover bid.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Rank: Member Joined: 4/14/2011 Posts: 639
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Total Bids - -242,300
Price Points
7,100 shares at 12.25
20,000 shares at 12.20
24,000 shares at 12.10
15,200 shares at 11.90
10,000 shares at 11.70
300 shares at 11.55
1,400 shares at 11.50
38,400 shares at 11.20
Asks(Sell Orders)
Total Asks - - 44,500
Price Points
14,700 shares at 12.65
2,300 shares at 12.70
25,000 shares at 13.00
Someone has been listening to Guru267 and taking her serious
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:dunkang wrote:come the next year, Total will be back to the game. Is this something you tell yourself every year? 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:On NBK. The bank has a huge stock of preferance shares which could poison any takeover bid. The B/S will need restructuring 1st & KPLC is a case study (which I misunderstood & bolted w/o max. value)
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Rank: Member Joined: 9/27/2006 Posts: 503
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What of EAPCC?
- Strong sector, and still one of the biggest firms
- Rebounding after industrial disputes in 2012
- Govt may divest in future, increasing liquidity
- Lower than book value at current prices
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