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Kenya Re 2009 results
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ProverB
#21 Posted : Friday, April 30, 2010 9:24:03 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
compare 2009 to averag 2007/8/9..if better no need to panic..lower price should make you smile..if worse comparatively...feel free to freek...especially if your investment into Kenya Re is on the negative.. otherwise... market noise is just noise.. nothing to write home about.smile
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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sparkly
#22 Posted : Friday, April 30, 2010 9:38:31 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwanafunzi wrote:
short term investing is not healthy,better focus on the horizon

@mwanafunzi thats not the whole truth. You get out when returns are highest. If you buy Ken re today at 13 and in a wk it goes up to 40, and you know its real worth is no more than 10, will you stick with it simply bcoz you are a longterm investor? Research has shown that time does not reduce the risks of a bad investment, so you need to pick a good investment first.
Life is short. Live passionately.
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ProverB
#23 Posted : Friday, April 30, 2010 9:41:16 AM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
sparkly wrote:

Research has shown that time does not reduce the risks of a bad investment, so you need to pick a good investment first.


True dat!!!
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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muganda
#24 Posted : Friday, April 30, 2010 3:12:17 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
guru267 wrote:
insurance firms suck balls!!!!! low P/E or not...


@All, I feel the pain from afar. But I think Jubilee Insurance has made shareholders (including I) happy. May be the best insurance company to hold.

I recently discovered that they are major shareholders in both DTK and TPSEA effectively. And it nostagically reminds me of Berkshire smile

It's got a low PE, but could be abit high at the moment, I definitely need to pick up more on the next market cycle.
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Flagship
#25 Posted : Saturday, May 01, 2010 5:28:36 AM
Rank: New-farer


Joined: 12/17/2009
Posts: 11
had jumped in @ 13.45 in anticipation of the 20 bob so much talked abt. maybe i was wrong. Thinking of holding for a little while. Any hope in this counter in the nxt 4-5 months?!
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guru267
#26 Posted : Saturday, May 01, 2010 9:57:04 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
D&B got on my nerves yesterday... i tried to sell out yesterday at best market price and nothing... i'm still stuck with it....

@flagship the share price definately has support at 12bob because it is trading cum div and the major increase in claims of about 900million in 1 quarter was attributed to the payment of PEV claims....

but since its results have been dismal i dont expect anything from this share in the near future...
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#27 Posted : Saturday, May 01, 2010 12:37:31 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Flagship, the fundamentals on this counter have not changed at all.
Keep holding. If it goes below your buying price,average down on it.
GOD BLESS YOUR LIFE
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the deal
#28 Posted : Saturday, May 01, 2010 2:20:04 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ guru i jumped ship...i had to use the prompt board of course...sold at 13 bob...got in at 13.20...i will try somewhere else...theyre monopoly ends 2011...theyre expansion has yielded nothing...theyre still paying for PEV 2007...board room wrangles...to much risk here...
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young
#29 Posted : Saturday, May 01, 2010 6:01:32 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
@guru267

Pole guru
That butresses my reservation about speculation in african markets. Everything is dependent on the smartness of the broker not that of the investor.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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VituVingiSana
#30 Posted : Monday, May 03, 2010 10:14:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Warren Buffett (& his insurance genius Ajit Jain) understands insurance very well YET even they make missteps...

KenyaRe is no Berkshire (WB & AJ are part of the management)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#31 Posted : Monday, May 03, 2010 10:24:19 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Warren Buffett (& his insurance genius Ajit Jain) understands insurance very well YET even they make missteps...

KenyaRe is no Berkshire (WB & AJ are part of the management)


TRUE THAT!!!!
Mark 12:29
Deuteronomy 4:16
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Gatheuzi
#32 Posted : Monday, May 03, 2010 3:08:49 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
I almost jumped in but somehow got other opportunities.
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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Kesh!
#33 Posted : Monday, May 03, 2010 4:31:34 PM
Rank: Member


Joined: 10/16/2008
Posts: 47
4 the moment i dnt think the sky is falling so i'll hold. Got in at 12.50 and i don't see why i should rush to actualise a loss or a tiny profit. I'll patiently wait and i'm sure al get an opportunity.
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