Wazua
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Kenya Re - what gives?
Rank: Chief Joined: 1/3/2007 Posts: 18,441 Location: Nairobi
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As long as the kleptocrats don't get into KenyaRe, this stock is one I am happy holding for the long(er) term. A Warren Bufffett play. Value. Moat. Earnings. Underwriting profit in most years. Solid investment returns on float. Cash rich. What's not to like except GoK's ownership? [That I watch closely. Any hint of funny business and I am out!] With GoK paying tax-free 13.5% on bonds, I wish KenRe would sell off other assets and stick the money in these bonds!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/21/2015 Posts: 151
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Over 1m shares traded today. Demand and supply numbers hardly changed.
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Rank: Elder Joined: 6/23/2009 Posts: 14,479 Location: nairobi
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AndyC wrote:Over 1m shares traded today. Demand and supply numbers hardly changed. Smart money moving out. Now at KES 18.60 per piece https://www.nse.co.ke/ma...tatistics&Itemid=190 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Rank: Elder Joined: 6/23/2009 Posts: 14,479 Location: nairobi
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Shak wrote:17.50. What's cutting? Nyani anateleza COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Shak wrote:17.50. What's cutting? Nyani anateleza We like them as close to the ground as possible.  I am a buy at th 11-13 support levels. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,479 Location: nairobi
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sparkly wrote:obiero wrote:Shak wrote:17.50. What's cutting? Nyani anateleza We like them as close to the ground as possible. I am a buy at th 11-13 support levels. At KES 15 I could buy this monkey COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,441 Location: Nairobi
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Rank: Elder Joined: 6/23/2009 Posts: 14,479 Location: nairobi
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We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,441 Location: Nairobi
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obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus  No, coz now I only buy solid firms that make profits. No speculative stuff. Olympia = conmen like Michael Matu. I sold out 3 years ago. KQ = Thieves. I I sold out in 2012. I&M, KenRe, KK [core holdings] = They are all profitable, pay dividends and have cash. Not +100% firms but I am a Warren Buffett follower. WB says buy value and good governance. So that's what I try to do. It's so hard to live with firms that have made profits since 2013.  I need to follow your lead and pick firms that lose money every year come rain or shine.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kenya Re - what gives?
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