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KenyaRe FY 2013 results PAT up 7%
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VituVingiSana
#21 Posted : Wednesday, April 30, 2014 2:59:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,122
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
dunkang wrote:
nashx wrote:
I will continue to buy with the mini panic in this share...on a PE basis its very cheap even at 20.5...the 19 price currently is a bargain for me..

The JKIA fire and WestGate exploding Mattresses, are they in FY2013 or FY2014?
That is the question. And not just when but how much... And all this coming in 2014 so unless Kenya Re gets some big wins in, the (Westgate + JKIA) hit will be substantial despite its placement of risk with other firms.


There is time to cook the books and make up for the shortfalls.
No need to cook the books. After all, why cook the books? The insurance industry is about volatile 'earnings' but a good average should be maintained. Read Mr. Buffett's thoughts on the insurance sector.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#22 Posted : Wednesday, April 30, 2014 3:34:34 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
ngapat wrote:
mlennyma wrote:
At least ka 17/18 will soon print,lets bet.its not very good set of results to be welcomed well by pple like me,let me see whether majority feel like me from tomoro

JKIA fire and WestGate attack are the incidences that have spoilt the party. Will their effects appear in the 2014 results and what are the figures here?


KENRE had not covered WestGate, it was covered by some insurance in London, JKIA was covered by a several re-insurance companies and yes the claim was included in the 2013 results.
"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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nashx
#23 Posted : Wednesday, April 30, 2014 10:08:04 AM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Cde Monomotapa wrote:
I would like to presume that the proponents here have had their expectations surpassed. Tuko Fiti! Revenues, profits, dividend, balance sheet growth - The works! smile

Moving on, been looking for a guidance since and came across this news letter done in Feb. 2014. Interesting read; http://www.kenyare.co.ke...;gid=100&Itemid=444

However, management should provide a latest one as the results issued to the NSE lacked, or we'll get it from the papers soon.

Cheers.


i told guys it was just a mini panic....fair value is 30 bob anything below we buyApplause Applause Applause Applause Laughing out loudly Laughing out loudly
Offering my personal finance knowledge for free
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Ericsson
#24 Posted : Wednesday, April 30, 2014 2:06:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Counter recovering quickly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mozenrat
#25 Posted : Wednesday, April 30, 2014 2:21:56 PM
Rank: Veteran


Joined: 5/18/2008
Posts: 796
NKT... Just when I lowered my bid price, it decides to turn upwards
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