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Kenya Re - what gives?
nashx
#256 Posted : Monday, April 28, 2014 10:29:29 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
jerry wrote:
Ericsson wrote:
In about 16 hours including sleep time the results will be out for all to see.

Now 11 hrs to go!


I cant wait...Pray Pray If they are good we might see a rally in this share
Offering my personal finance knowledge for free
VituVingiSana
#257 Posted : Tuesday, April 29, 2014 4:17:19 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
nashx wrote:
jerry wrote:
Ericsson wrote:
In about 16 hours including sleep time the results will be out for all to see.

Now 11 hrs to go!


I cant wait...Pray Pray If they are good we might see a rally in this share
And if they are not good? d'oh! d'oh! d'oh! [Though I hope they are very good]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
murchr
#258 Posted : Tuesday, April 29, 2014 6:59:38 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
50c div
"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
.
georgegop
#259 Posted : Thursday, May 08, 2014 4:05:09 PM
Rank: Member

Joined: 8/30/2010
Posts: 183
Location: Migingo
When is Kenya Re closing books for dividend payment??
Don't Work for Money, Let Money Work for You..
Cde Monomotapa
#260 Posted : Friday, May 16, 2014 7:50:30 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
georgegop wrote:
When is Kenya Re closing books for dividend payment??


AGM 13th June.

Div: 60cts Ex-div: 13th June. Pay out: 18th July 2014.

Annual Report, FY2013: http://www.kenyare.co.ke...;gid=121&Itemid=444

Cheers.

Sneak preview of things to come: Kenyan Insurers reap from oil and gas boom http://ow.ly/wO5Qf #insurance #Kenya #oilandgas #Africa #Energy
Cde Monomotapa
#261 Posted : Friday, May 16, 2014 9:37:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=Cde Monomotapa]And it gets better Comrades smile

Germany’s DEG buys into pan-African reinsurer Zep Re

German public investor, DEG, has bought into pan-African reinsurer, Zep Re, underlining the growing interest in Kenya’s insurance industry.

DEG bought an 11 per cent stake at an estimated Sh1.3 billion. Zep Re is majority owned by Kenya Re-insurance Company and is based in Nairobi

“New shares were created to bring them on board so there was dilution of existing shareholders,” said a source within the company who is however not authorised to speak to the media.

The company’s managing director is currently out of the country. Kenya Re’s stake in Zep Re is expected to drop from 21 per cent to 16 per cent following the entry of DEG and African Development Bank which took a 14.5 per cent stake in 2012.

http://www.businessdaily...4/-/fhe9nl/-/index.html[/quote]

The associate's performance: Zep-Re's net profits rise by 24 per cent

The recently opened Abidjan office in Cote d’Ivoire serves the West Africa market, while the Harare office in Zimbabwe serves Southern Africa.

In addition to its traditional shareholders who are member countries, insurers, reinsurers and pension funds in the Comesa region, the company has attracted capital from development finance institutions such as the African Development Bank and the German government investment arm DEG.
- See more at: http://www.the-star.co.k...nt#sthash.plADKp3E.dpuf

Linking AfDB, DEG, PTA Bank & Afreximbank's - trade & development finance & investment activities in Africa, further against the WEF in Abuja recently & the Chinese PM visit... Drool Sickquot;
murchr
#262 Posted : Friday, May 16, 2014 9:51:20 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nice CDE
"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
.
Cde Monomotapa
#263 Posted : Friday, May 16, 2014 10:12:17 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
murchr wrote:
Nice CDE


Sure. Hope you also saw that the China-Africa Development Fund (CADF) [Think IFC] was confirmed to be based in KE.

I think USD2-3B in capital if I recall well. Big profile boost for the NIFC, Kenya V2030.

Also, CADF signed a cooperative agreement with PTA bank - on SMEs.. Should be interesting. Let's see...
murchr
#264 Posted : Friday, May 16, 2014 10:43:14 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Cde Monomotapa wrote:
murchr wrote:
Nice CDE


Sure. Hope you also saw that the China-Africa Development Fund (CADF) [Think IFC] was confirmed to be based in KE.

I think USD2-3B in capital if I recall well. Big profile boost for the NIFC, Kenya V2030.

Also, CADF signed a cooperative agreement with PTA bank - on SMEs.. Should be interesting. Let's see...


Yes i read that, interesting times ahead
"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
.
Ericsson
#265 Posted : Sunday, May 18, 2014 11:20:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...4/-/one7t9/-/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Cde Monomotapa
#266 Posted : Monday, May 19, 2014 10:11:43 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Ericsson wrote:
http://www.businessdaily...4/-/one7t9/-/index.html


Interesting. As that Best Investment Ltd also makes top 10 at Kenya Re. 4.3M, 0.66%.

ION: Constructive competition smile
nashx
#267 Posted : Monday, May 26, 2014 1:12:55 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
Any news on this counter I should know about??
Offering my personal finance knowledge for free
Goldilocks Reloaded
#268 Posted : Monday, May 26, 2014 2:15:19 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
I am also wondering... Who has the 411?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
VituVingiSana
#269 Posted : Monday, May 26, 2014 10:35:59 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Cde Monomotapa wrote:
Ericsson wrote:
http://www.businessdaily...4/-/one7t9/-/index.html


Interesting. As that Best Investment Ltd also makes top 10 at Kenya Re. 4.3M, 0.66%.

ION: Constructive competition smile

Who is behind Best Investment?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kryptonite
#270 Posted : Tuesday, May 27, 2014 10:36:12 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
VituVingiSana wrote:
Cde Monomotapa wrote:
Ericsson wrote:
http://www.businessdaily...4/-/one7t9/-/index.html


Interesting. As that Best Investment Ltd also makes top 10 at Kenya Re. 4.3M, 0.66%.

ION: Constructive competition smile

Who is behind Best Investment?


My speculative guess?

Best Investment Decisions Limited — BID. Same guy who was bidding (pun intended) for Rea Vipingo Ltd

But I could be wrong, this is just a join-the-dots exercise on my part
The harder you work, the luckier you get
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