Wazua
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Kenya Re - what gives?
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: 18,342 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: 18,342 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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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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Takaful & Re-takaful is a small but growing part of the business nevertheless NOT the driver for meaningful growth for Kenya Re in 2014. I believe kenRe will see the price approaching NAV as other insurance firms trade at a premium to NAV. Despite JKIA & Westgate, I expect KenRe to have record earnings which includes value (comprehensive) growth in Bonds, Stocks and Real Estate. What would make me happier is a Takeover Offer [unlikely] or a Strategic Investor who takes up 51% so GoK no longer calls the shots. 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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VituVingiSana wrote:Takaful & Re-takaful is a small but growing part of the business nevertheless NOT the driver for meaningful growth for Kenya Re in 2014. I believe kenRe will see the price approaching NAV as other insurance firms trade at a premium to NAV.
Despite JKIA & Westgate, I expect KenRe to have record earnings which includes value (comprehensive) growth in Bonds, Stocks and Real Estate. What would make me happier is a Takeover Offer [unlikely] or a Strategic Investor who takes up 51% so GoK no longer calls the shots. Actually, the major Takaful market for Kenya-Re is in West Africa - hence the full Op in Abidjan. The emerging Takaful in Kenya is new business. Very much welcome and might it keep growing by leaps & bounds. Btw, as per the Takaful Insurance of Africa website, it's in partnership with both Kenya-Re & ZEP-RE on Re-Takaful. There lies a Pan-African partnership network opportunity for the envisioned X-border expansion by TIA.
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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Cde Monomotapa wrote:VituVingiSana wrote:Takaful & Re-takaful is a small but growing part of the business nevertheless NOT the driver for meaningful growth for Kenya Re in 2014. I believe kenRe will see the price approaching NAV as other insurance firms trade at a premium to NAV.
Despite JKIA & Westgate, I expect KenRe to have record earnings which includes value (comprehensive) growth in Bonds, Stocks and Real Estate. What would make me happier is a Takeover Offer [unlikely] or a Strategic Investor who takes up 51% so GoK no longer calls the shots. Actually, the major Takaful market for Kenya-Re is in West Africa - hence the full Op in Abidjan. The emerging Takaful in Kenya is new business. Very much welcome and might it keep growing by leaps & bounds. Btw, as per the Takaful Insurance of Africa website, it's in partnership with both Kenya-Re & ZEP-RE on Re-Takaful. There lies a Pan-African partnership network opportunity for the envisioned X-border expansion by TIA. See what I said [in bold] earlier... In 2015 onwards it might produce meaningful growth for KenRe 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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Interesting read here. *Africa *(Re)Insurance *Micro Insurance *Takaful *Hydrocarbons *Infrastructure Africa’s Diverse Insurance Markets Offer Growth Opportunities, Untapped Demand - A.M Best http://www.bestweek.com/...ricaDiverseInsurance.pdf
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting this Islamic Finance story. Would really like to see how it works on infrastructure finance. Africa: Islamic finance looks south of the Sahara Full article: http://www.euromoney.com...south-of-the-Sahara.html
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cc. @hisah Dubai's Aramex to spend up to $200m on acquisitions The Dubai bourse-listed company, which on Sunday posted a 16 percent rise in Q4 profit to $20.8m, could either tap the Islamic debt market by issuing a sukuk or via a syndicate bank loan, Hussein Hachem said. Hachem said that Aramex was targeting companies that broadly fit in with its strategy of facilitating trade between the African continent, which he described as “underserved”, and regions such as the Middle East, China, and India... http://www.arabianbusine...537166.html#.UvFDqu_IuSp
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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I read on this week's EAST AFRICAN that BRIT is targeting to buy a significant stake reinsurer. Could that be the reason why thus has risen so much? http://www.theeastafrica...-/12sgy3cz/-/index.html
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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Britam should negotiate with Jubilee & buy-out KenyaRe which has a significant stake in regional ZepRe Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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@VVS what's ur email address?
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Kenya Re - what gives?
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