KQ sell sell sell

stocks to trade cautiously 12.11.16: atlas, barclays, britam, cables, carbacid, cargeneral, cic, deacons, eabl, eapc, eveready, express, home afrika, hfck, kapch, kenre, kurwitu, marshalls, mumias, nbk, nic, olympia, sameer, tpsea,transcentury, uchumi, umeme

Why Kenya Re?

Why HFCK?

I am content with KenyaRe despite all sorts of mud-slinging about its conservative nature. I remain a WB fan.
- I like & trust the CURRENT KenRe management despite KenRe being GoK-owned.
- I like their cash on hand [almost 20/-]
- I like there non-flashy business. Solid. Some years are better than others.
- Moat. It has a moat.

Please explain...I am not that good in accounting

@Ebenyo
Waiting for kenya re at 17 is like waiting for safaricom to reach 12.
Just accept the reality and adjust your price upwards

Price - I can't help you. Do I think it is under-priced? Yes. Just the cash [& near cash] KenRe has is almost 20/- per share.

Business - I believe, despite setbacks which is a risk in insurance, KenRe has good assets, liabilities that can be covered by current assets and conservative underwriting.

Many (re)insurers make underwriting losses and hope to cover these through gains on investments. Kenya Re has UNDERWRITING PROFITS almost every year since 2012 [I first bought KenRe in 2012 after dumping KQ]. Not huge but every penny helps. The gain from investment is icing on the cake.

In 2015, KenRe took losses from the Nepal Earthquake but some of the risk they underwrote had been retrocessioned i.e. they reinsured some of the reinsurance risk they took on. The MD said they expect to be (re)paid in 2016.

I expect a lot of Political Violence insurance underwritten in 2016 in Kenya. I hope there's no PEV but...

I do not have the time, energy nor inclination to "trade" so I buy shares I think will pay off in the long-term. MANAGEMENT has to be trustworthy.

KK
Unga
KenRe
I&M
Williamson/Kapchorua

Some TPSEA
Some C&G
Some Equity
Some FTHG

No KQ
No Mumias
No Merali
No Nyammo

Do I sleep at night? Yes.

Thanks for opening up further.
Im also a long timer because my target is to achieve financial freedom through NSE.
I havent touched all the dividends i have received this year.I will divide it into 12 months from January next year.So for the whole year 2017 i will have something everymonth.
The dividends for the next year 2017 i will do the same for 2018.
From your list above,i already have KenRe and Equity.I was closing in on Unga and Williamson. Hopefuly by next near i will be in.

2017 holds great promise for the bold trader, but some pitfalls must be avoided.. Here at wazua, we share