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Kenya Re - what gives?
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DBLyon
#421 Posted : Monday, November 16, 2015 2:48:50 PM
Rank: Member


Joined: 5/28/2014
Posts: 149
Location: Nairobi
MaichBlack wrote:
DBLyon wrote:
Yet price continues to go down...I thought I'd bought them on the cheap at 17 the other day. :(

+20% later (in a bear!!!) how do you feel??


Let's just say it has been a pleasant surprise. I wish I'd bought more.
When you live for others' opinions, you are dead.

- Carlos Slim Helu
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VituVingiSana
#422 Posted : Tuesday, December 01, 2015 3:45:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Insurance fraud more than triples to Sh324 million
http://www.businessdaily...8/-/wcsno2/-/index.html

Not good! For @VVS sake, I hope they nip this in the bud before it grows deeper roots!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#423 Posted : Thursday, December 03, 2015 10:48:48 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
.
Life is short. Live passionately.
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mlennyma
#424 Posted : Thursday, December 03, 2015 10:51:45 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
sparkly wrote:
VituVingiSana wrote:
Insurance fraud more than triples to Sh324 million
http://www.businessdaily...8/-/wcsno2/-/index.html

Not good! For @VVS sake, I hope they nip this in the bud before it grows deeper roots!

when corruption sinks to the core of a nation ,medical and motor claims top as usual start apportioning to each
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#425 Posted : Thursday, December 03, 2015 2:41:25 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 977
Location: Kenya
mlennyma wrote:
sparkly wrote:
VituVingiSana wrote:
Insurance fraud more than triples to Sh324 million
http://www.businessdaily...8/-/wcsno2/-/index.html

Not good! For @VVS sake, I hope they nip this in the bud before it grows deeper roots!

when corruption sinks to the core of a nation ,medical and motor claims top as usual start apportioning to each

This is why i see Jubilee Insurance as the most decent insurance stock to hold
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sparkly
#426 Posted : Friday, December 04, 2015 8:43:34 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@Hisah have you had a look at the Kenya Re cartoon recently?

After consolidating at 17-20 range, the 21 bob resistance is broken and the demand is crazy.

Christmas is coming early for patient Kenya Re shareholders.

Merry Christmas!
Life is short. Live passionately.
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Ericsson
#427 Posted : Friday, December 04, 2015 9:26:40 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
This share price should be trading at the 40-50 ranges based on its financial performance.
This will give it a P/E of about 10;safaricom is trading at a P/E of 20
Christmas is truly coming early for Kenya Re shareholders
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#428 Posted : Friday, December 04, 2015 6:51:32 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Ericsson wrote:
This share price should be trading at the 40-50 ranges based on its financial performance.
This will give it a P/E of about 10;safaricom is trading at a P/E of 20
Christmas is truly coming early for Kenya Re shareholders

Applause Applause Applause Pray Pray Pray Don't tell @Obiero lest he compares KenRe to KQ and gets depressed.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#429 Posted : Friday, December 04, 2015 7:07:29 PM
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Joined: 6/23/2009
Posts: 13,549
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
This share price should be trading at the 40-50 ranges based on its financial performance.
This will give it a P/E of about 10;safaricom is trading at a P/E of 20
Christmas is truly coming early for Kenya Re shareholders

Applause Applause Applause Pray Pray Pray Don't tell @Obiero lest he compares KenRe to KQ and gets depressed.

Hehe. Depression ni ya stock watchers.. Im a long termer

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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dunkang
#430 Posted : Friday, December 04, 2015 7:18:42 PM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Ericsson wrote:
This share price should be trading at the 40-50 ranges based on its financial performance.
This will give it a P/E of about 10;safaricom is trading at a P/E of 20
Christmas is truly coming early for Kenya Re shareholders

I would not advice anyone to pick "GoK held" and "Gok supported" stocks on PE ratio basis only. All I can say is, "they are bit more complicated than that"
Receive with simplicity everything that happens to you.” ― Rashi

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Ericsson
#431 Posted : Friday, December 04, 2015 8:19:00 PM
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Joined: 12/4/2009
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Location: NAIROBI
This counter will never have debt,issue a rights issue in the medium to long term.
It is extremely healthy in terms of cash reserves.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#432 Posted : Friday, December 04, 2015 8:24:05 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
This counter will never have debt,issue a rights issue in the medium to long term.
It is extremely healthy in terms of cash reserves.

but you can't rule out further privatization and dilution,this is the only counter with a good price which the gvt can offload more
"Don't let the fear of losing be greater than the excitement of winning."
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murchr
#433 Posted : Friday, December 04, 2015 8:40:08 PM
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Joined: 2/26/2012
Posts: 15,980
25/- Next stage?
"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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Ericsson
#434 Posted : Saturday, December 05, 2015 8:57:09 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@mlennyama;
Companies which are doing well and giving returns to treasury;GOK has no plans to privatise.
It's one of the reasons they are still witholding 70% stake in KENGEN,35% in safaricom with no further plans of further privatization.
Sick and demanding cows are the ones being disposed off like sugar factories,NBK,Consolidated Bank.
Just recently we have started seeing GOK defends its stake in rights issue something which was unheard of in the last decade
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#435 Posted : Saturday, December 05, 2015 10:28:14 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
25/- Next stage?


New highs will be smashed so fast. The bus is fueled and loaded.
Life is short. Live passionately.
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mlennyma
#436 Posted : Saturday, December 05, 2015 11:11:30 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
@mlennyama;
Companies which are doing well and giving returns to treasury;GOK has no plans to privatise.
It's one of the reasons they are still witholding 70% stake in KENGEN,35% in safaricom with no further plans of further privatization.
Sick and demanding cows are the ones being disposed off like sugar factories,NBK,Consolidated Bank.
Just recently we have started seeing GOK defends its stake in rights issue something which was unheard of in the last decade

i have bookmarked this post
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#437 Posted : Sunday, December 06, 2015 12:57:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
15th April 2015

Exit Kenya Re, be cautious about Sasini - Simon Mburu

http://www.nation.co.ke/...2/-/76vgvoz/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#438 Posted : Sunday, December 06, 2015 9:28:18 AM
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Joined: 12/4/2009
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Reasons why I don't trust this analysts report.
You should post to them the current price vis a vis others which were on their highs at that time.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#439 Posted : Sunday, December 06, 2015 10:16:43 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=VituVingiSana]15th April 2015

Exit Kenya Re, be cautious about Sasini - Simon Mburu

http://www.nation.co.ke/.../-/76vgvoz/-/index.html[/quote]
Quote:
Kenya Re: Although this has always been a good counter fundamentally, it is one that you should consider exiting in favour of other counters.


That was said in April 2015 when Kenya Re was 18.

Not many stocks have performed better than Kenya Re. You would have needed a very strong crystal ball to pick better performing stocks.
Life is short. Live passionately.
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VituVingiSana
#440 Posted : Thursday, December 24, 2015 1:12:16 AM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Good stuff for KenyaRe http://www.businessdaily...94/-/1k8pl9/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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