mozenrat wrote:As much as the info below is true... I sometimes wonder whether this stock will ever wake up as long as the govt has its claws in it. Also note that guaranteed premiums usually also means guaranteed claims. Otherwise I wish someone would wake her up.
Pesa Nane wrote:Jury is out. Kenya-Re
Low P/E - Good
Low P/B - Good
High Yield - Good
Guaranteed premiums from all insurance Co. - Gooder
1) GoK has a way of replacing performers [CEO, etc] with partisan and corrupt non-performers.
2) The forced 'reinsurance' business (18%) from Kenyan firms may end soon. When does the provision expire? Will Kenyan Insurance firms start gravitating to others eg. Gen Re of SA or Continental, etc of Nigeria oe even Zep Re?
3) Low ROE vs Britam or Jubilee.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett