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Kenya Re projected to hit 20 by year end-Business Daily.
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the deal
#1 Posted : Monday, January 04, 2010 7:27:29 PM
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According to a story posted on the website of the Business Daily, Kenya re received a clean bill of healthy from faida investment bank analysts, Kenya re also retained their B+ rating from A.M. Best which rates it being a stable company despite a few concerns, according to the report Kenya re is discounted @ 11.70 and is projected @ 20 by year end.
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VituVingiSana
#2 Posted : Monday, January 04, 2010 7:44:12 PM
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Do the faida analysts have the expertise to dig into Kenya Re's books to ascertain the 'clean bill of health'?

Insurance is murky... even Warren Buffett was taken to the cleaners on General Re... and this jamaa is SMART...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#3 Posted : Monday, January 04, 2010 7:57:22 PM
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@ vvs hehehe WB is a genius but that doesnt mean he can make a blunder somewhere otherwise he wont be human...in between the report was done wit the management's blessings...
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VituVingiSana
#4 Posted : Monday, January 04, 2010 8:45:41 PM
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@the deal - Oh, WB even fesses up to his mistakes... he tells you what they are... does not sweep them under the carpet!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#5 Posted : Tuesday, January 05, 2010 7:43:00 AM
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Looks like the counter is warming up to the news...up 1.27% today.
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Scubidu
#6 Posted : Tuesday, January 05, 2010 8:29:40 AM
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@VVS. What are you concerns over Kenya Re? What expertise is required to assess there books?
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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VituVingiSana
#7 Posted : Tuesday, January 05, 2010 9:28:22 AM
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@scubidu - I do NOT know enough about Kenya Re to make any judgment... but in general terms, Insurance Firms have long-dated liabilities... which are in all reality, very difficult to assess accurately...

Actuaries in Kenya might be using outdated or inaccurate statistics... Unlike many other 'advanced' countries, the statistics may not be as accurate including deaths, cause of deaths, etc...

That said... maybe Kenyan insurance firms can charge more for insurance...

Again, unless faida had full access to actuarial reports, understanding of the liabilities... giving KenRe a clean bill of health??? Sijui...

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Scubidu
#8 Posted : Tuesday, January 05, 2010 10:16:22 AM
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Interesting I just read the report by faida http://www.faidastocks.c...TypeID=6&formpost=1

One comment was made about the rating agency not being satisfied with the sophistication of the risk-models. The rating agencies don't even believe insurers in the developing world can even assess any risk to a high degree. But Kenya Re seem to taking measures to address that, installing new technology, no one knows if that will make the slightest difference.

I think I'm putting my faith in the capital base, that will enable the company to grow premiums comfortably and I think the 'implied' discount placed too heavy emphasis on the low corporate tax rate they'll enjoy until 2011.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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the deal
#9 Posted : Monday, January 18, 2010 4:56:18 PM
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this is one stock whose bull run is supported by fundamentals...
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VituVingiSana
#10 Posted : Tuesday, January 19, 2010 6:28:43 AM
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@the deal - What are these fundamentals?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sokomjinga
#11 Posted : Tuesday, January 19, 2010 7:09:15 AM
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@Wazua
I cannot find Kenya-Re on the CORPORATE DATES LIST. Is the list not updated?
Taunet Neelel ..... New Beginning .....
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VituVingiSana
#12 Posted : Tuesday, January 19, 2010 7:56:17 AM
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@soko - I think there might be a different link or e-mail for wazua... I do not know what it is... but search the site...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#13 Posted : Tuesday, January 19, 2010 11:48:19 AM
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@vvs kenya re posted a 56 % increase in 3Q Profits...insurance stocks tend to track the economy with the expected to grow by 4% expect more bizneses to take more insurance cover...kenya re is the no 1 underwriter in kenya...it has branches in all over east africa n even west africa...@ 14 its undervalued...
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Gatheuzi
#14 Posted : Tuesday, January 19, 2010 1:49:43 PM
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Kenya Re has disposed some non core assets like the property in Mombasa. This is in a move meant to get it rid of assets with low returns. If the trend continues, then more revenues will be in the offing. With regard to valuation of the risks I have to confess I too dont have the expertise, but in a nutshell the stock should keep its momentum on the way up. Today it was at 14.05. If by Broker sold my KENGEN Shares today, I will make a buy order for KenyaRe.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana
#15 Posted : Wednesday, January 20, 2010 7:45:00 AM
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KenRe has a sweetheart deal (courtesy of GoK) for re-insurance. When does that expire?

BTW, have the West African offices opened for business?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QD
#16 Posted : Wednesday, January 20, 2010 7:50:11 AM
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am stuck with Kenya re bought at 18 hope the run in other counters can be reflected here as well may be to ksh 20-30.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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VituVingiSana
#17 Posted : Wednesday, January 20, 2010 12:08:29 PM
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@QD: Well... until the 2009 results are out it might be a wait & hold...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QD
#18 Posted : Wednesday, January 20, 2010 12:30:03 PM
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@W it seems a long hold bet the the financials bring good tidings.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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VituVingiSana
#19 Posted : Thursday, January 21, 2010 8:25:52 AM
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I am interested in their balance sheet but the BEST managed listed insurance firm is Jubilee
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#20 Posted : Wednesday, December 09, 2015 8:42:39 AM
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the deal wrote:
According to a story posted on the website of the Business Daily, Kenya re received a clean bill of healthy from faida investment bank analysts, Kenya re also retained their B+ rating from A.M. Best which rates it being a stable company despite a few concerns, according to the report Kenya re is discounted @ 11.70 and is projected @ 20 by year end.

5 years later..

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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