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Kenya Re - what gives?
Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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Kenya Re is one of the few stocks on the NSE trading below NAV. It should catch up to NAV within the next 6 months. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/17/2009 Posts: 1,622
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Profit taking at the end of the session,taking it down to 19.85.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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@CDE HESHIMA KWAKO! you have been drumming support for this share at very low levels arguing on the GoK push for the insurer to have a stake at the current mining activities in Kenya! I saw the below article and wasnt surprised why the share his on UP UP move! I saw several huge block trades during the week (2M,1M etc) Public officials were on Monday at pains to explain why the government paid Sh13 billion in insurance premiums to secure part of the money for constructing the standard gauge railway.
Mr Matheka said the underwriting secured $1.63 billion (Sh140.4 billion) from the China Exim Bank in line with the lender’s policies. He denied that a local insurance broker was involved in the transaction.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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“Strong bidding by a local investor continued to push Kenya Re higher from last week,” said Standard Investment Bank in a note to investors.If the info i got is true,the stock will touch 40 bob in a few months time
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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Dead link. And what is this info? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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VituVingiSana wrote: Dead link. And what is this info? http://www.businessdaily...6/-/u9jhos/-/index.html
Dont worry with the info,it will come to pass
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cheers @Metasploit. Yes, we'd covered that too, under emergence of Infrastructure Insurance as below. Tuko Fiti. NB:ZEP-Re is an associate investment of Kenya-Re. Covers COMESA region. Let's see. ----Thursday, November 07, 2013--- Cde Monomotapa wrote:OK. This should also provide for a good read on the outlook for re/insurance in Africa. V/Interesting: ZEP-RE Africa Outlook Brochure http://issuu.com/outlook...outlook_zep-re_brochure What caught my eye after Takaful Insurance, is the emergence of Infrastructure Insurance. Extrapolating that Africa wide and we're talking tons of opportunity indeed.
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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@cde : Do you know % of Zep Re that KenRe owns? And the value of Zep Re? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,790 Location: NAIROBI
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Kenya Re owns 23% of ZEP Re Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Now this is a share i can buy even after this rally, coz its undervalued The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Aguytrying wrote:Now this is a share i can buy even after this rally, coz its undervalued Good buying opportunity presenting itself!Great things coming
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Indeed takaful insurance. Apart from Kenya RE and CIC who else in insurance is hooking onto the takaful products.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Indeed takaful insurance. Apart from Kenya RE and CIC who else in insurance is hooking onto the takaful products. Off the top, not quite informed. Though the listed bankers that have shown interest in Islamic Banking are KCB & NBK. Also, pleased to see Zim representing at the summit; Douglas Hoto, Group CEO at First Mutual Holdings Ltd (Thorough investment portfolio this ZSE listed Co.) 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Aguytrying wrote:Now this is a share i can buy even after this rally, coz its undervalued I like decision makers like you. Still very undervalued "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
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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murchr wrote:Aguytrying wrote:Now this is a share i can buy even after this rally, coz its undervalued I like decision makers like you. Still very undervalued Writing on the wall! Kenya Re is rebounding back!Note how shallow the correction was! Thanks,i took advantage of the correction to pick some shares at 19.30 Sad i sold all (had bought about 70,000 shares at 14 bob and sold at 16).Trading hurts sometimes. Now i will hold till 40 in a few months time
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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NAV is 22.50 and no other Insurance firm is trading at below NAV. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:NAV is 22.50 and no other Insurance firm is trading at below NAV. I was just about to ask the NAV. you must be as worried as I am about the market going up,up, up. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:NAV is 22.50 and no other Insurance firm is trading at below NAV. I was just about to ask the NAV. you must be as worried as I am about the market going up,up, up. It leaves little room for looking for bargains. A lower price for KenRe leaves a margin for the future. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Kenya Re - what gives?
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