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Kenya Re FY 2018

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Superprime1		#1 Posted : Tuesday, March 19, 2019 9:29:43 AM
Rank: Member Joined: 5/2/2018 Posts: 267		The re-insurer has issued a profit warning. Things not cool.
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wukan		#2 Posted : Tuesday, March 19, 2019 10:56:00 AM
Rank: Veteran Joined: 11/13/2015 Posts: 1,590		Huh! You are still invested in gava firms.
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jmbada		#3 Posted : Tuesday, March 19, 2019 11:12:46 AM
Rank: Member Joined: 1/1/2011 Posts: 396		Superprime1 wrote: The re-insurer has issued a profit warning. Things not cool. I think they should have 2 levels of profit warnings. One for below 25% of prior year profits. and another for swinging to loss making. In this case, looks like they still have room to make profits, but the warning covers everything including a swing to losses.
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Pesa Nane		#4 Posted : Tuesday, March 19, 2019 2:31:31 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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the deal		#5 Posted : Tuesday, March 19, 2019 2:39:55 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya....
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Superprime1		#6 Posted : Tuesday, March 19, 2019 2:44:47 PM
Rank: Member Joined: 5/2/2018 Posts: 267		the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... Hope so too. In the meantime, serious supply at 12.50!
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Ericsson		#7 Posted : Tuesday, March 19, 2019 5:38:17 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... High claims reserves is due to coming in of IFRS9 Impairment of an asset held for sale is a parcel of land Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#8 Posted : Tuesday, March 19, 2019 6:16:44 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		Ericsson wrote: the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... High claims reserves is due to coming in of IFRS9 Impairment of an asset held for sale is a parcel of land How does land get impaired? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana		#9 Posted : Tuesday, March 19, 2019 6:52:12 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Angelica _ann wrote: Ericsson wrote: the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... High claims reserves is due to coming in of IFRS9 Impairment of an asset held for sale is a parcel of land How does land get impaired? Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park! GoK-controlled firms ni noma. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#10 Posted : Wednesday, March 20, 2019 12:06:47 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		Pesa Nane wrote: Unexpected income reduction from an associate--This is Zep Re Forex losses due to currency devaluations in some of our markets--Sudan Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#11 Posted : Wednesday, March 20, 2019 6:48:51 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		VituVingiSana wrote: Angelica _ann wrote: Ericsson wrote: the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... High claims reserves is due to coming in of IFRS9 Impairment of an asset held for sale is a parcel of land How does land get impaired? Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park! GoK-controlled firms ni noma. Oooh Asante!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero		#12 Posted : Wednesday, March 20, 2019 4:51:32 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi		Angelica _ann wrote: VituVingiSana wrote: Angelica _ann wrote: Ericsson wrote: the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... High claims reserves is due to coming in of IFRS9 Impairment of an asset held for sale is a parcel of land How does land get impaired? Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park! GoK-controlled firms ni noma. Oooh Asante!!! @vvs third firm to go bust.. and he has the indeflatable energy to chastize KQ HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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VituVingiSana		#13 Posted : Wednesday, March 20, 2019 9:54:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		obiero wrote: Angelica _ann wrote: VituVingiSana wrote: Angelica _ann wrote: Ericsson wrote: the deal wrote: Pesa Nane wrote: Impairment of an asset held for sale? I hope these impairments are not at the level of Sanlam Kenya.... High claims reserves is due to coming in of IFRS9 Impairment of an asset held for sale is a parcel of land How does land get impaired? Shida na Title Deed? Not the first time for KenRe. They once owned land in the middle of a forest/park! GoK-controlled firms ni noma. Oooh Asante!!! @vvs third firm to go bust.. and he has the indeflatable energy to chastize KQ Which are the other 2 firms to go bust except ARM? Please define "bust" Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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murchr		#14 Posted : Wednesday, March 20, 2019 10:17:48 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Did they get rid of that Arap mashamba proxy? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Superprime1		#15 Posted : Wednesday, March 20, 2019 10:28:31 PM
Rank: Member Joined: 5/2/2018 Posts: 267		murchr wrote: Did they get rid of that Arap mashamba proxy? Nope. One can kinda read his machinations in the FY 2018 performance primed to rid of Mwarania proper and square...
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murchr		#16 Posted : Wednesday, March 20, 2019 10:29:50 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Superprime1 wrote: murchr wrote: Did they get rid of that Arap mashamba proxy? Nope. One can kinda read his machinations in the FY 2018 performance primed to rid of Mwarania proper and square... Mmh! When is Mwirania's contract ending? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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the deal		#17 Posted : Thursday, March 21, 2019 11:53:06 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you
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VituVingiSana		#18 Posted : Friday, March 22, 2019 12:10:11 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		the deal wrote: Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you 1) I still need to provide you with the info so you can send the money for the bet I handily won. 2) No prayers needed. I have CASH in the bank post KK looking for a place park it. Centum? NIC? Equity? 3) KenRe is the only core holding that's GOK-controlled . I am open about it. Let's see the damage on 29th March. If it is not as bad as feared and the prospects are good for the long-term, then I am in for more. I will hold on. Let's see what happens down the line. Will this be a KPLC/KenGen? Or a KK? If it becomes a KPLC... you can gloat. If it becomes another KK [whenever that happens] then... And what is "Grand Master of the Order of the Most Ancient Welwitschia Mirabilis"??? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#19 Posted : Friday, March 22, 2019 7:21:33 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi		VituVingiSana wrote: the deal wrote: Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you 1) I still need to provide you with the info so you can send the money for the bet I handily won. 2) No prayers needed. I have CASH in the bank post KK looking for a place park it. Centum? NIC? Equity? 3) KenRe is the only core holding that's GOK-controlled . I am open about it. Let's see the damage on 29th March. If it is not as bad as feared and the prospects are good for the long-term, then I am in for more. I will hold on. Let's see what happens down the line. Will this be a KPLC/KenGen? Or a KK? If it becomes a KPLC... you can gloat. If it becomes another KK [whenever that happens] then... It will become a KQ with an Open Offer to boot 😁 HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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VituVingiSana		#20 Posted : Friday, March 22, 2019 10:01:43 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		obiero wrote: VituVingiSana wrote: the deal wrote: Pray for @vvs...his windfall from KK is getting wiped out here...stock market will humble you 1) I still need to provide you with the info so you can send the money for the bet I handily won. 2) No prayers needed. I have CASH in the bank post KK looking for a place park it. Centum? NIC? Equity? 3) KenRe is the only core holding that's GOK-controlled . I am open about it. Let's see the damage on 29th March. If it is not as bad as feared and the prospects are good for the long-term, then I am in for more. I will hold on. Let's see what happens down the line. Will this be a KPLC/KenGen? Or a KK? If it becomes a KPLC... you can gloat. If it becomes another KK [whenever that happens] then... It will become a KQ with an Open Offer to boot 😁 When I was offered 3:1 Rights in KQ, I knew it was time to bail. Uwizi tu. Especially when Naikuni and Mbugua chose not to buy (meaningful) shares in KQ. If I am offered an "Open Offer" in KenRe, I will exit and lick my chops. Meanwhile, wacha nitafute the next KK Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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