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KenyaRe FY19 - FY23 (Both Inclusive)
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Ericsson
#61 Posted : Monday, May 13, 2019 3:31:56 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#62 Posted : Monday, May 13, 2019 5:45:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#63 Posted : Monday, May 13, 2019 5:47:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.


Share capital jumps from ksh.1.75bn (700mn *2.5) to ksh.7bn (2.8bn*2.5)
Ksh.5.25bn is what is being moved
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#64 Posted : Monday, May 13, 2019 5:52:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.


Share capital jumps from ksh.1.75bn (700mn *2.5) to ksh.7bn (2.8bn*2.5)
Ksh.5.25bn is what is being moved

Oops! Yes.

700mn x 3 x 2.5 = 5.25bn (out of 22bn in RR). Why even bother given the RRs are part of Total Shareholder Funds?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#65 Posted : Monday, May 13, 2019 6:04:45 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.


Share capital jumps from ksh.1.75bn (700mn *2.5) to ksh.7bn (2.8bn*2.5)
Ksh.5.25bn is what is being moved

Oops! Yes.

700mn x 3 x 2.5 = 5.25bn (out of 22bn in RR). Why even bother given the RRs are part of Total Shareholder Funds?

Increase in share capital is to grow the business bigger,look at the accompanying note that says they are to open a subisdiary in Uganda.
The money being released from the Revenue Reserve will be used to setup the subisdiary.

Some of the countries they are opening subsidaries the regulators are demanding higher capital
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Monday, May 13, 2019 6:07 PM | Reason: Not specified
Balaa
#66 Posted : Monday, May 13, 2019 8:17:56 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.



The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable.
If it don't make dollars, it don't make sense
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VituVingiSana
#67 Posted : Monday, May 13, 2019 8:18:39 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Moody's accords ATI strong rating over institutional support
https://www.businessdail...678-14lvp0jz/index.html

But KenRe only owns 0.6% of ATI.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Balaa
#68 Posted : Monday, May 13, 2019 8:29:21 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.



The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable.
If it don't make dollars, it don't make sense
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obiero
#69 Posted : Monday, May 13, 2019 8:49:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Balaa wrote:
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.



The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable.

What if the revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums

KQ ABP 4.26
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obiero
#70 Posted : Monday, May 13, 2019 8:51:35 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Balaa wrote:
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:




Capitalising the revenue reserves to increase the share capital.

The Revenue Reserves are already an integral part of Shareholders Capital. I do not know why they need to change that?
In any event, it only moves 700mn x 2.50 = 1.75bn (out of 22bn) from RR to SC.



The trasfer from RR to SC has to happen so that the amount required is locked in and no longer distributable.

True. That 'lock' though.. What if the alleged revenue reserve is actually not available as actual cash and that the issuance of bonus shares is a sanitization of pilfered sums https://www.latimes.com/...-fi-account12-story.html

KQ ABP 4.26
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  | | Edit by user: Monday, May 13, 2019 9:01 PM | Reason: Not specified
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