a jubilee quickie w@ do u think??

http://www.standardmedia...14&j=&m=&d=

hi fellows, im sure uve read the article in todays standard if u havnt follow the above link.
With the huge divident payout(the first since 2007), bonus shares, news that they r targeting the lower market i.e. insuring matatus, who thinks this can be good for a quicky, any views r welcome.

@atiriri this stock is trading ex all as of today but still has a P/E of 11 with good earnings expected with a recovery in investment income...

i will never buy an insurance company no matter how good they say it is..but thats my 2 cents...

@2012 ofcourse we make decisions and we ulmately pay for them...but on Kenya Re i hope u have done ur research like all wise pple on Wazua..

it traded 500 shares yesterday at 170 ex all... yeah i got into JHL using the proceeds from that God forsaken Kenya Re after its hopeless results and loss of compulsory cessions

My reasons for my persistence in the insurance sector is simply because this is a sector that was hit badly due to a drop in investment income but with the NSE up 35% year to date it looks poised for a major recovery even this year (i cant wait for JHL's half year results)

also this sector has a really low penetration rate and JHL being one of the largest in the industry is set to benefit from the sectors development

Actually insurance is what got WB rich and is his real business. But I suppose with our low insurance penetration levels in Kenya one can hardly compare an insurance business here with that in the US.

Any of you have taken out non-compulsory such as life insurance (employers does not count). Stand up and be counted :)

Isn't that opportunity right there?

True but WB also buys management... He regrets the mistake he made buying GeneralRe. Fired the top management...

buy while its still at 170 and you wont regret IMHO

wazuans,

insurance companies + all companies whose assets include listed stocks will benefit from revaluation of the assets in line with market prices.

if such a company also end their financial year after the period when NSE 20 climbed from 3s to 4s, they would post above average NAV growth (not necessarily PAT).