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Kenya Re HY15 PAT up 20%
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Boris Boyka
#1 Posted : Tuesday, August 11, 2015 9:50:57 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Todays gain of shs 0.75 are their any news!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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The optimist
#2 Posted : Wednesday, August 12, 2015 8:45:29 AM
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Joined: 6/14/2010
Posts: 521
Location: Nairobi
Boris Boyka wrote:
Todays gain of shs 0.75 are their any news!

H1 Results out.PAT grew by 20%
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Ericsson
#3 Posted : Wednesday, August 12, 2015 9:35:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Gross written premiums grew by 26% from ksh.4.9bn to ksh.6.2bn due to increased business.
Investment income grew by 6% from ksh.1.36bn to ksh.1.45bn due to capital gain from equity instruments,interest from fixed income instruments and rent.
Net claims grew by 22% from ksh.2.11bn to ksh.2.71bn
Profit before tax increased by 23% from ksh.1.73bn to ksh.2.13bn
Total assets increased by 6% from ksh.32.17bn in December 2014 to ksh.34.19bn in June 2015
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#4 Posted : Wednesday, August 12, 2015 2:37:55 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
This share is an enigma...good performance, cheap valuation>>Price mismatch...Wonder why it is not in the 20s at the least
Offering my personal finance knowledge for free
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murchr
#5 Posted : Wednesday, August 12, 2015 2:40:04 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
nashx wrote:
This share is an enigma...good performance, cheap valuation>>Price mismatch...Wonder why it is not in the 20s at the least


20's? 40/- would make more sense
"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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mlennyma
#6 Posted : Wednesday, August 12, 2015 2:47:24 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
murchr wrote:
nashx wrote:
This share is an enigma...good performance, cheap valuation>>Price mismatch...Wonder why it is not in the 20s at the least


20's? 40/- would make more sense

I have never been excited by kenya 're because of the government's majority stake and a dilution possibility in case the price rises
"Don't let the fear of losing be greater than the excitement of winning."
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sparkly
#7 Posted : Wednesday, August 12, 2015 3:01:31 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
murchr wrote:
nashx wrote:
This share is an enigma...good performance, cheap valuation>>Price mismatch...Wonder why it is not in the 20s at the least


20's? 40/- would make more sense

I have never been excited by kenya 're because of the government's majority stake and a dilution possibility in case the price rises

It will awaken in the next round of bull runs.
Life is short. Live passionately.
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nashx
#8 Posted : Wednesday, August 12, 2015 3:23:04 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
sparkly wrote:
mlennyma wrote:
murchr wrote:
nashx wrote:
This share is an enigma...good performance, cheap valuation>>Price mismatch...Wonder why it is not in the 20s at the least


20's? 40/- would make more sense

I have never been excited by kenya 're because of the government's majority stake and a dilution possibility in case the price rises

It will awaken in the next round of bull runs.


I have been observing it for quite sometime..40 is the true value but its seems 'stuck' at 20...but the again just the other day Unga used to be its roomate at SH 19
Offering my personal finance knowledge for free
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Pesa Nane
#9 Posted : Wednesday, August 12, 2015 3:51:33 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#10 Posted : Wednesday, August 12, 2015 3:57:05 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Key Ratios:
Capital Adequacy: 219%
Solvency Ratio: 977%
Claims: 44%
Expense: 33%

EPS: Ksh. 2.15
Interim Div: NIL
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#11 Posted : Wednesday, August 12, 2015 4:05:37 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Most profitable in the insurance sector but on the bottom scale when it comes to mkt capitalization in the NSE.
Admin do the necessary to prop this thing to ksh.45-50 range or P/E of 10
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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guru267
#12 Posted : Thursday, August 13, 2015 7:25:00 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
True value will only be unlocked KCB style when GOK sell it's majority stake~
Mark 12:29
Deuteronomy 4:16
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heri
#13 Posted : Thursday, August 13, 2015 10:09:54 AM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
guru267 wrote:
True value will only be unlocked KCB style when GOK sell it's majority stake~


is this likely to happen in the near future (<5 years)

Maybe in another administration. The Jubilee admin has not sold any GOK owned companies and am not sure there are any plans to do so

is Kenya Re strategic to GOK to have such high shareholding?
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Elephant Man
#14 Posted : Thursday, August 13, 2015 10:14:57 AM
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Joined: 12/24/2008
Posts: 112
Maybe the recent increase in the period and rate of mandatory cessions is GOK's way of fattening the cow...
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VituVingiSana
#15 Posted : Thursday, August 13, 2015 2:32:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
heri wrote:
guru267 wrote:
True value will only be unlocked KCB style when GOK sell it's majority stake~


is this likely to happen in the near future (<5 years)

Maybe in another administration. The Jubilee admin has not sold any GOK owned companies and am not sure there are any plans to do so

is Kenya Re strategic to GOK to have such high shareholding?

Strategic to GoK? No.
GoK can maintain a shareholding of 25% like it has in KCB as an investment.
KenRe is a target for a Reinsurer that wants Africa exposure with on the ground expertise. They will not pay crazy money for it but the NAV is 30+ and that is 60% higher than the current price.
GoK will not let go of KenRe for a few years. This is a long-term play. Vision 2030.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#16 Posted : Thursday, August 13, 2015 3:07:59 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
GOK is also benefitting from the dividends it gets from Kenya re.
This assists them in meeting revenue targets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#17 Posted : Thursday, August 13, 2015 3:10:15 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
6%in last 10 mins what changed :)
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Ericsson
#18 Posted : Thursday, August 13, 2015 3:18:43 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@nashx;
This forum is also viewed by serious investors who after reading the info being posted saw the counter as a gem stone and are snapping the shares.
Volume is also quite high @2.76mn shares traded
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#19 Posted : Thursday, August 13, 2015 3:35:09 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
Yeah a gem it is indeed...luckily i had loaded some at 16.8 today :)
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murchr
#20 Posted : Thursday, August 13, 2015 5:53:00 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
@nashx;
This forum is also viewed by serious investors who after reading the info being posted saw the counter as a gem stone and are snapping the shares.
Volume is also quite high @2.76mn shares traded


93.7% Foreign investor/s
"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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