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Kenya Re HY16
Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Angelica _ann wrote:Ericsson wrote:@VVS
Rights issue ya nini.The company has alot of retained earnings and cash reserve.
Mimi nataka bonus shares na dividend apana patia mimi stress ya kutoa pesa rights issue  You were very vocal and supported KENGEN rights, whereas here umeruka? I will support a KenyaRe Rights Issue if GoK isn't participating: 1) It reduces GoK's influence to less than 50% [Ideally even to 0%] 2) It is sold at a discount to the current price so I can buy a cheap stock at an even cheaper price. In all fairness, I doubt a Rights Issue is on the books for the next 2 years. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Very many better stocks.. Plus David Kemei doesn't give much hope as we head to an election year
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Kengen, HFCK, Centum, Unga, Bamburi. In that order but only for the long term players... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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guru267 wrote:Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Kengen, HFCK, Centum, Unga, Bamburi. In that order but only for the long term players... I co-sign that list
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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obiero wrote:guru267 wrote:Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Kengen, HFCK, Centum, Unga, Bamburi. In that order but only for the long term players... I co-sign that list Hasanteni wazee. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:obiero wrote:guru267 wrote:Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Kengen, HFCK, Centum, Unga, Bamburi. In that order but only for the long term players... I co-sign that list Hasanteni wazee. Add one of the big local banks KCB/Equity/Coop Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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sparkly wrote:Ebenyo wrote:obiero wrote:guru267 wrote:Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Kengen, HFCK, Centum, Unga, Bamburi. In that order but only for the long term players... I co-sign that list Hasanteni wazee. Add one of the big local banks KCB/Equity/yCoop Collabo ya banks bado ndio naplania.I have both kcb and equity.Planning to drop one.But which one? then pick the lower one.which one? hfck,bbk,co-op bank,stanchart,i&m? Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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Ebenyo wrote:sparkly wrote:Ebenyo wrote:obiero wrote:guru267 wrote:Ebenyo wrote:sparkly wrote:Ebenyo wrote:Im targeting to join this ship this month.I have waited for it to come to 17.00 for so long and it seems i wont realise it.I now want to join at 19.00.Hopefully i will get it. There are many better shares in the current market. @Sparky,can u pliz name atleast five from diverse segments? Kengen, HFCK, Centum, Unga, Bamburi. In that order but only for the long term players... I co-sign that list Hasanteni wazee. Add one of the big local banks KCB/Equity/yCoop Collabo ya banks bado ndio naplania.I have both kcb and equity.Planning to drop one.But which one? then pick the lower one.which one? hfck,bbk,co-op bank,stanchart,i&m? My brother are you on drugs.. BBK, I&M are not the best stocks as at now..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Since GoK is bent on borrowing money at high rates [35bn at 13-14% for 5 & 10 yr bonds] cash-rich KenRe will benefit from such crazy borrowing rates. https://www.centralbank....20DATED%2026-09-2016.pdfGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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More good news for KenRe... http://www.businessdaily...96854-tt9hxkz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Of course vvs This counter share price should be in the range of 35-50 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Ericsson wrote:Of course vvs
This counter share price should be in the range of 35-50  A core holding for me. That said, I like the current management but if I feel uncomfy then I will bail out. Currently, I love the approach of conservative investments. Bonds, some [not too many] properties, some shares and bank deposits. The business benefits from GoK's "monopoly powers" [I would rather KenRe weans itself off the 20% guaranteed retrocession] but it has an expanding PROFITABLE regional presence as well. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@VVS They also want to diversify into real estate in the various plots they still own in Nairobi; Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Ericsson wrote:@VVS
They also want to diversify into real estate in the various plots they still own in Nairobi;
KenRe already has properties [many insurance firms own properties for rental income which generally tends to be a "consistent" source of income] including Kenya Re Tower and Kenya Re House. [One is in CBD and the other in Upper Hill]. I am wary about KenRe developing other office buildings when there's a glut of space coming up with numerous new projects almost completed. I believe KenRe [& I will be at the next AGM] should stick to GoK Bonds while the good times last! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Slow but sure wins the race... http://www.businessdaily...40242-11qgika/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/24/2008 Posts: 112
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Kenya Re reported in 2015 that they were exposed to claims from the earthquake in Nepal...
Wondering whether they will be similarly affected by the recent earthquakes in Italy and New Zealand or the hurricane that swept through Haiti...
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Elephant Man wrote:Kenya Re reported in 2015 that they were exposed to claims from the earthquake in Nepal...
Wondering whether they will be similarly affected by the recent earthquakes in Italy and New Zealand or the hurricane that swept through Haiti... I do not know. Kenya Re, according to the Annual Report, had an exposure to Nepal because they reinsured part of that risk. I think Kenya Re sticks to Africa (& some Asian) exposure. That said, reinsurance is a global business, and Kenya Re may have some exposure to Europe, Oceania and the Americas. We should know more in 5 months. A question for the AGM re: what's Kenya Re's exposure to each area/region/continent. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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