Wazua
»
Investor
»
Stocks
»
Kenya Re FY 2012 Results
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
Quoted equity instruments they have stated in the cash flow activities there was no diposal. The huge increase in the valuation was due to the appreciation of KCB share price where they have a significant holding Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
mwekez@ji wrote:mwekez@ji wrote:Drat!!! Why refer us to notes that they havent provided!!! Am upset coz we can see the growth is majorly from investment income line (up 86.73% y/y) yet the note 7 we are being referred to is not available. we now cant tell precisely the composition of this investment income and how sustainable it is. i recall they sold a sports centre during the financial year and they also sold quoted equity instruments but we now cant tell the contribution of this two to this growth If the investment income line had remained flat this year, Kenya Re would have recorded 17.98% decline in PAT. Damn!!! .... Over to 2013, political risk cover fortunes could be saviour. H1 2013 results will tell more now given that no insurance company will deliver Q1 2013 results
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Ericsson wrote:Quoted equity instruments they have stated in the cash flow activities there was no diposal.
The huge increase in the valuation was due to the appreciation of KCB share price where they have a significant holding Mate, the current cashflow statement is very condensed. Cant tell much from that. Check H1 2012 financials and notice they did dispose quoted equity instruments. .... did kenya re take this long to release results so as to cook and condense them and hide info from investors
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
mwekez@ji wrote:mwekez@ji wrote:mwekez@ji wrote:Drat!!! Why refer us to notes that they havent provided!!! Am upset coz we can see the growth is majorly from investment income line (up 86.73% y/y) yet the note 7 we are being referred to is not available. we now cant tell precisely the composition of this investment income and how sustainable it is. i recall they sold a sports centre during the financial year and they also sold quoted equity instruments but we now cant tell the contribution of this two to this growth If the investment income line had remained flat this year, Kenya Re would have recorded 17.98% decline in PAT. Damn!!! .... Over to 2013, political risk cover fortunes could be saviour. H1 2013 results will tell more now given that no insurance company will deliver Q1 2013 results @Mwekez@ji isnt investment part of insurance business?? Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
guru267 wrote:mwekez@ji wrote:mwekez@ji wrote:mwekez@ji wrote:Drat!!! Why refer us to notes that they havent provided!!! Am upset coz we can see the growth is majorly from investment income line (up 86.73% y/y) yet the note 7 we are being referred to is not available. we now cant tell precisely the composition of this investment income and how sustainable it is. i recall they sold a sports centre during the financial year and they also sold quoted equity instruments but we now cant tell the contribution of this two to this growth If the investment income line had remained flat this year, Kenya Re would have recorded 17.98% decline in PAT. Damn!!! .... Over to 2013, political risk cover fortunes could be saviour. H1 2013 results will tell more now given that no insurance company will deliver Q1 2013 results @Mwekez@ji isnt investment part of insurance business?? Do they have other "sports centres" "non current assets" to sell in 2013? .... Now that you've asked me a Q, i should add that, over to 2013, better performance of the stock, property and money markets would also be a saviour to this counter. BTW, I pray good for the counter for many reasons
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
guru267 wrote:NAV has risen to 20.9!!!  + at the current VWAP of KES 17.95, P/E = 4.48x. .... ROE has increased to 19.17% (from 16.61% in 2011) and ROA has increased to 11.78 (from 10.03% in 2011)
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
mwekez@ji wrote:guru267 wrote:NAV has risen to 20.9!!! + at the current VWAP of KES 17.95, P/E = 4.48x. .... ROE has increased to 19.17% (from 16.61% in 2011) and ROA has increased to 11.78 (from 10.03% in 2011) Notice: >sector average P/E is 7.23x (Kenya RE: 4.48x) >sector avereage P/B is 1.74x (Kenya Re: 0.86x) The discount *applause*
|
|
|
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
|
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
KCB and Kenya re officially have an equal eps of 4bob.. One wonders why the huge price differential...  Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
guru267 wrote: I got in at 13 and I hope 2012 results meet the expectations below!
EPS = 3.3
DPS = 0.5-0.75
NAV = 20.5
Bonus shares = 1:7 Did you hit the nail on the head or missed? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Isnt Kenya Re's DPS equal to what I'm getting at Liberty?
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
guru267 wrote:KCB and Kenya re officially have an equal eps of 4bob.. One wonders why the huge price differential... Take MOO to Kenya-Re!!! The Re-Insurer is mean. The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
Insurance companies normally have a low P/E ratio due to their conservative nature.None of the insurance companies listed at the NSE has a P/E greater than 10. All in all Kenya Re I give it a price of ksh.25 which gives it a P/E of 6. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
jerry wrote:guru267 wrote:KCB and Kenya re officially have an equal eps of 4bob.. One wonders why the huge price differential... Take MOO to Kenya-Re!!! The Re-Insurer is mean. Insurers dont do dividends... They need to retain all the cash they can... Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
guru267 wrote:jerry wrote:guru267 wrote:KCB and Kenya re officially have an equal eps of 4bob.. One wonders why the huge price differential... Take MOO to Kenya-Re!!! The Re-Insurer is mean. Insurers dont do dividends... They need to retain all the cash they can... What of Pan-Africa giving 3/= The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
jerry wrote:guru267 wrote:jerry wrote:guru267 wrote:KCB and Kenya re officially have an equal eps of 4bob.. One wonders why the huge price differential... Take MOO to Kenya-Re!!! The Re-Insurer is mean. Insurers dont do dividends... They need to retain all the cash they can... What of Pan-Africa giving 3/= @jerry I thought at this level we deal more with percentages rather than absolute numbers.. You claim pan africa gave a DPS of 3bob... But did you notice EPS was 8bob?? This means that only 38% of profits are paid as dividends! If pan africa is the most generous insurer with a 38% payout ratio then we can conclude they are all mean with cash! Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
Hmmn the 'je ne sais quoi' is just not there.
Bids
31,200 @ 17.15
Offers
467,900 @ 17.20
4.18% down and second worst performer today thus far.
Here's how you settle the issue on whether it's a good share, would you buy more at 17/=, say a whopper 200,000 lot?
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
muganda wrote:Hmmn the 'je ne sais quoi' is just not there.
Bids
31,200 @ 17.15
Offers
467,900 @ 17.20
4.18% down and second worst performer today thus far.
Here's how you settle the issue on whether it's a good share, would you buy more at 17/=, say a whopper 200,000 lot?
It should come down to 11-12.50 The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 6/2/2008 Posts: 1,438
|
After the party, the hangover. As for a price of 11.00 to 12.50, NO WAY!!! jerry wrote:muganda wrote:Hmmn the 'je ne sais quoi' is just not there.
Bids
31,200 @ 17.15
Offers
467,900 @ 17.20
4.18% down and second worst performer today thus far.
Here's how you settle the issue on whether it's a good share, would you buy more at 17/=, say a whopper 200,000 lot?
It should come down to 11-12.50
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
Kenya re to venture into Zimbabwe, Zambia, & Botswana!! www.nation.co.ke/busines...32/-/lw0l9z/-/index.htmlMark 12:29
Deuteronomy 4:16
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Re FY 2012 Results
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|