Wazua
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KenyaRe FY19 - FY23 (Both Inclusive)
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Ebenyo wrote:obiero wrote:young wrote:Ericsson wrote:Kenya Re FY 2019 my projection is an EPS of ksh.1 or Profit After Tax of ksh.2.8bn
Dividend per share of ksh.0.25-0.3 post bonus issue.
Price range post release of the FY2019 results ksh.7-8 "Kindly" expect 10 cent div next year with EPS of 65 cents. Reinsurance sector is at distress coupled with lack lustre GOK owned management . Let those with eyes read.. This is the truth We shall revisit this post next year after KENRE release FY 2019 results.Then the truth will set us free. The reason I picked a 5 year time-frame is to allow for the ups and downs on a semi-annual basis. If KenRe keeps going on its slow but sure agenda, we will be laughing in 2024 (when FY23 results will be announced). I worry about GoK's 60% interest in KenRe but I hope a KCB or even better a Safaricom type deal is hatched in which a *legitimate* Strategic Partner ends up with a controlling interest. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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@All Don't be surprised if there is no dividend for the next 2 years . CC Kengen. Ken_re needs to consolidate and reposition after the strange and generous bonus funded from part of their reserve. I still maintain that the bonus was a Greek gift to appease shareholders for the tough times ahead. Will offload mine next week at circa 15 Bob (as per current ARTIFICIAL bull run) due to the irrational bonus to position in more promising counters . The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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young wrote:Ericsson wrote:Kenya Re FY 2019 my projection is an EPS of ksh.1 or Profit After Tax of ksh.2.8bn
Dividend per share of ksh.0.25-0.3 post bonus issue.
Price range post release of the FY2019 results ksh.7-8 "Kindly" expect 10 cent div next year with EPS of 65 cents. Reinsurance sector is at distress coupled with lack lustre GOK owned management . The Match: HT results/preview in Sep 2019 but final results TBA in Mar 2020 Contestants: Young vs Ericsson EPS: 0.65 vs 1.00 Dividend: 0.10 vs 0.25 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/20/2007 Posts: 2,074 Location: Lagos, Nigeria
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The truth is , It is better to have FEW units of something than MANY units of NOTHING. 10,000 USD is of more value than 360,000 naira AND 10,000 USD is more valuable than 100,000 shillings . Kenya-re at 3.5 Bob post bonus is almost worthless. When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob. Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days. Their antecedents with respect their immediate past FY results (Fy 18) is far better than KENRE. I understand "our friend" HFCK which I offloaded last year at 9.0 Bob at a loss (now 4.45 Bob) will do a rights issue. Good luck to HFCK. HFCK also gave a Greek gift of 1:10 bonus last year before she sank to a loss in fy 18. People in Nigeria answer the name Goodluck, that does not make them lucky . Information and knowledge is better than luck. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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young wrote:The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.
10,000 USD is of more value than 360,000 naira USD 10,000 = 3,600,000 Naira
AND
10,000 USD is more valuable than 100,000 shillings .
Kenya-re at 3.5 Bob post bonus is almost worthless.
When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.
Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days. Currencies do not work that way. Is the Yen less valuable than any of these African currencies? ZAR 1,000 = 7,700 Yen KES 1,000 = 1,090 Yen GHc 1,000 = 20,800 Yen I do agree that a bonus/split is merely slicing up the same cake in more slices. I do not understand the need for the 3:1 bonus either. Selling at 15 will give you a nice realized gain of 30% over the pre-announcement price. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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VituVingiSana wrote:young wrote:The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.
10,000 USD is of more value than 360,000 naira USD 10,000 = 3,600,000 Naira
AND
10,000 USD is more valuable than 100,000 shillings .
Kenya-re at 3.5 Bob post bonus is almost worthless.
When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.
Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days. Currencies do not work that way. Is the Yen less valuable than any of these African currencies? ZAR 1,000 = 7,700 Yen KES 1,000 = 1,090 Yen GHc 1,000 = 20,800 Yen I do agree that a bonus/split is merely slicing up the same cake in more slices. I do not understand the need for the 3:1 bonus either. Selling at 15 will give you a nice realized gain of 30% over the pre-announcement price. The rationale for issuance of the bonus shares is to cover tracks for inflated revenue reserves at KENRE that are non existent
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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young wrote:The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.
10,000 USD is of more value than 360,000 naira
AND
10,000 USD is more valuable than 100,000 shillings .
Kenya-re at 3.5 Bob post bonus is almost worthless.
When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.
Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days.
Their antecedents with respect their immediate past FY results (Fy 18) is far better than KENRE.
I understand "our friend" HFCK which I offloaded last year at 9.0 Bob at a loss (now 4.45 Bob) will do a rights issue.
Good luck to HFCK.
HFCK also gave a Greek gift of 1:10 bonus last year before she sank to a loss in fy 18.
People in Nigeria answer the name Goodluck, that does not make them lucky . Information and knowledge is better than luck. @young a rights issue is preferred since there is a cash consideration. but this KENRE crap is corruption. when a CEO goes to court to retain his position, you know what's up
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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obiero wrote:young wrote:The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.
10,000 USD is of more value than 360,000 naira
AND
10,000 USD is more valuable than 100,000 shillings .
Kenya-re at 3.5 Bob post bonus is almost worthless.
When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.
Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days.
Their antecedents with respect their immediate past FY results (Fy 18) is far better than KENRE.
I understand "our friend" HFCK which I offloaded last year at 9.0 Bob at a loss (now 4.45 Bob) will do a rights issue.
Good luck to HFCK.
HFCK also gave a Greek gift of 1:10 bonus last year before she sank to a loss in fy 18.
People in Nigeria answer the name Goodluck, that does not make them lucky . Information and knowledge is better than luck. @young a rights issue is preferred since there is a cash consideration. but this KENRE crap is corruption. when a CEO goes to court to retain his position, you know what's up The corruption and looting at HFCK is incomparable. The rights issue to be undertaken is for shareholders to pay for the stolen cash. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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obiero wrote:young wrote:The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.
10,000 USD is of more value than 360,000 naira
AND
10,000 USD is more valuable than 100,000 shillings .
Kenya-re at 3.5 Bob post bonus is almost worthless.
When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.
Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days.
Their antecedents with respect their immediate past FY results (Fy 18) is far better than KENRE.
I understand "our friend" HFCK which I offloaded last year at 9.0 Bob at a loss (now 4.45 Bob) will do a rights issue.
Good luck to HFCK.
HFCK also gave a Greek gift of 1:10 bonus last year before she sank to a loss in fy 18.
People in Nigeria answer the name Goodluck, that does not make them lucky . Information and knowledge is better than luck. @young a rights issue is preferred since there is a cash consideration. but this KENRE crap is corruption. when a CEO goes to court to retain his position, you know what's up Shareholders in kenre here have never been called to pump additional money via a rights issue Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Ericsson wrote:obiero wrote:young wrote:The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.
10,000 USD is of more value than 360,000 naira
AND
10,000 USD is more valuable than 100,000 shillings .
Kenya-re at 3.5 Bob post bonus is almost worthless.
When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.
Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days.
Their antecedents with respect their immediate past FY results (Fy 18) is far better than KENRE.
I understand "our friend" HFCK which I offloaded last year at 9.0 Bob at a loss (now 4.45 Bob) will do a rights issue.
Good luck to HFCK.
HFCK also gave a Greek gift of 1:10 bonus last year before she sank to a loss in fy 18.
People in Nigeria answer the name Goodluck, that does not make them lucky . Information and knowledge is better than luck. @young a rights issue is preferred since there is a cash consideration. but this KENRE crap is corruption. when a CEO goes to court to retain his position, you know what's up The corruption and looting at HFCK is incomparable. The rights issue to be undertaken is for shareholders to pay for the stolen cash. Both are washed up used-to-be-good firms
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