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COOP Bank FY results 2013 profit BT up 9%
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? "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: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? "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: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? Kizungumkuti hapo. Haijulikani
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? Kizungumkuti hapo. Haijulikani Wacha tungoje basi "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: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? Kizungumkuti hapo. Haijulikani Wacha tungoje basi Ndivyo hivyo
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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#61 http://www.wazua.co.ke/f...sts&t=26558&p=4
mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? Kizungumkuti hapo. Haijulikani Wacha tungoje basi Ndivyo hivyo
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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check out stockmaster's thread and see at what price he sold coop bank. my average buy price is KES 16.20. dear wazuans. I buy low and sell high NB not highest, simply high :)
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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obiero wrote:check out stockmaster's thread and see at what price he sold coop bank. my average buy price is KES 16.20. dear wazuans. I buy low and sell high
NB not highest, simply high :) what price did u sell. I also bought at 16.20. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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Aguytrying wrote:obiero wrote:check out stockmaster's thread and see at what price he sold coop bank. my average buy price is KES 16.20. dear wazuans. I buy low and sell high
NB not highest, simply high :) what price did u sell. I also bought at 16.20. @aguy sold entire holding today at KES 20.25.. I repeat, it may go higher in near term and especially the longer term, but i have made my GAINS
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Cde Monomotapa wrote:#61 http://www.wazua.co.ke/f...sts&t=26558&p=4
mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? Kizungumkuti hapo. Haijulikani Wacha tungoje basi Ndivyo hivyo Thanks @cde.....@mweke...have u seen how the risk was spread "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: Elder Joined: 7/11/2010 Posts: 5,040
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obiero wrote:Aguytrying wrote:obiero wrote:check out stockmaster's thread and see at what price he sold coop bank. my average buy price is KES 16.20. dear wazuans. I buy low and sell high
NB not highest, simply high :) what price did u sell. I also bought at 16.20. @aguy sold entire holding today at KES 20.25.. I repeat, it may go higher in near term and especially the longer term, but i have made my GAINS well done. people are hating and you've made some of them cash. sielewi watu. without decisiveness one can't succeed in stocks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:Cde Monomotapa wrote:#61 http://www.wazua.co.ke/f...sts&t=26558&p=4
mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:mwekez@ji wrote:murchr wrote:Excellent!!! Bonus? Yes, you do knw how i like the sound of that. Do u hv the dates of CFCI? I hope KNRE wil not disappoint Enjoy ... Last year CFCI released on 14th March. ... Hizi companies zafaa ziwe zinatupatia upcoming events calendar to avoid this date speculation.... KenyaRe, i await from outside the counter ;-) I hope they release them ths wk, enuff with the cookn. @Mweke KNRE will shock u off ur shoes On looking at the @Cde wikileaks, i believe you. I however keep wondering what they did with the JKIA loss. Ama its to reflect in H/FY14 From what I read the expense was not much, but we'll see. Was the insurer APA? Where do you read that the expense was not much ... yes the insurer was APA and Reinsurer Kenya Re ... Below is an extract from IRA Q3 2013 Insurance Industry Report: Major Occurrences Affecting the Industry
JKIA's international arrivals section was destroyed in a fire incident on 7th August 2013. APA Insurance Company is the insurer for Kenya Airports Authority (KAA). According to Kenya Re, who is the reinsurer, initial estimates and second investigations indicate that the claim could be KES 2.5 billion. APA Insurance has already settled a claim for Micro-City Computers, a company contracted to put up CCTV cameras at the Jomo Kenyatta International Airport (JKIA) at a sum of KES 19.9 million. What % does the reinsurer pay? Kizungumkuti hapo. Haijulikani Wacha tungoje basi Ndivyo hivyo Thanks @cde.....@mweke...have u seen how the risk was spread Initial payment - Kes. 0.5B (paid) Final payment - Kes. ??? (to be paid on ___)
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Some of the highlights mentioned by the CEO of Co-operative Bank during the presentation are; --The bank has shelved opening additional branches in South Sudan because of the instability.They had planned to open a branch in every state in the country. --The co-operative movement the largest shareholders have said/committed/signed an agreement they are not disposing or reducing their shareholding in the bank for the next ten years. --The branch intends to open an additional 20 branches this year. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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It's Ok @mweke  You can consider the stock in 2016. We'll continue to share the tab with our partners. However, I wonder where the insurance sector will be by then both locally & regionally... 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Clarification @Cde, why 2016? Expensing in 2013/14/15???
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Concerning JKIA fire;Kenya Airports Authority was nearly taking APA insurance to court after they had refused to accept compensation. APA were also told by KAA that if they do not compensate them then they should forget any future business with KAA. APA then agreed to compensation and they will fork out more than a billion shillings Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,124 Location: Nairobi
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Ericsson wrote:Concerning JKIA fire;Kenya Airports Authority was nearly taking APA insurance to court after they had refused to accept compensation.
APA were also told by KAA that if they do not compensate them then they should forget any future business with KAA.
APA then agreed to compensation and they will fork out more than a billion shillings APA like other insurance firms would wait for the report of the cause of the fire. If the cause was arson, and if KAA had not paid to cover it, then APA is not liable to pay. Or if it was terrorism, etc... APA re-insures the risk & the 'official report' is required to get the re-insurers to pay up their portion of the claim. As for not getting future business... Well, a billion in the pocket today is better than fighting for future business! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/14/2014 Posts: 178
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21 printed Go for a business that any idiot can run β because sooner or later, any idiot is probably going to run it β Peter Lynch
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Goldilocks Reloaded wrote:21 printed Co-op bank getting a good beating! Waiting for Next week
βThe pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.β
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COOP Bank FY results 2013 profit BT up 9%
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