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KenyaRe FY19 - FY23 (Both Inclusive)
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Ericsson
#261 Posted : Friday, June 21, 2019 7:48:51 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
VituVingiSana wrote:
obiero wrote:
guru267 wrote:
Once the new shares are credited, supply should drastically increase and the price will likely correct downwards from here. Still a willing buyer at 3bob and below.

Me too

But what about the case of the ex-CFO in court?
The potential loss of the mandatory cessions?
mandatory cessions will be renewed for another 5 years,I have talked to Rotich and he confirms it
And all the other scary stuff?
The huge level of receivables?

Let me deal with the boring stuff. You buy the exciting stuff.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#262 Posted : Sunday, June 23, 2019 11:22:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
guru267 wrote:
Once the new shares are credited, supply should drastically increase and the price will likely correct downwards from here. Still a willing buyer at 3bob and below.

Me too

But what about the case of the ex-CFO in court?
The potential loss of the mandatory cessions?
And all the other scary stuff?
The huge level of receivables?

Let me deal with the boring stuff. You buy the exciting stuff.

What about the 2019 profit warning? High risk high return is my modus operandi

This is too risky. Don't risk your funds in KenRe. Stay away. Let the rest of us suffer by buying more KenRe.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#263 Posted : Sunday, June 23, 2019 11:25:14 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
guru267 wrote:
Once the new shares are credited, supply should drastically increase and the price will likely correct downwards from here. Still a willing buyer at 3bob and below.

Me too

But what about the case of the ex-CFO in court?
The potential loss of the mandatory cessions?
And all the other scary stuff?
The huge level of receivables?

Let me deal with the boring stuff. You buy the exciting stuff.

What about the 2019 profit warning? High risk high return is my modus operandi

This is too risky. Don't risk your funds in KenRe. Stay away. Let the rest of us suffer by buying more KenRe.

Hapa lazima tukutane kama majirani

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Ericsson
#264 Posted : Monday, June 24, 2019 12:24:35 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Supply has dried out

Demand has dried out


Demand is back.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#265 Posted : Tuesday, June 25, 2019 8:28:23 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
Supply has dried out

Demand has dried out


Demand is back.

More interested in the price

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Ericsson
#266 Posted : Thursday, June 27, 2019 9:25:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Regional reinsurance firm Zep-Re earnings dropped to Sh1 billion a 57.7 percent drop from Sh2.4 billon posted the previous year.
This prompted the board to halve dividend payout to 255 million.
Kenya, its largest market, posted 10.7 percent growth in premiums to $70.6 million (Sh7.2 billion), being a slower pace than the 32.8 percent growth booked in the previous year.
Kenya’s growth rate was lower compared with that of Zambia (37.5 percent), Zimbabwe (31.1 percent), Uganda (26.7 percent), India (13.7 percent) and Ethiopia (11.3 percent).
Net claims incurred last year rose 34.5 percent to Sh7.6 billion.
Net claims ratio was 61.9 percent compared to 49.9 percent the previous year, meaning higher costs were incurred in relation to the premiums earned.
Kenya Re has 19.3 percent stake — the largest— in Zep Re.

https://www.businessdail...72880-n0saxwz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#267 Posted : Thursday, June 27, 2019 10:08:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#268 Posted : Thursday, June 27, 2019 10:15:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#269 Posted : Thursday, June 27, 2019 10:31:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#270 Posted : Thursday, June 27, 2019 10:36:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
I am very disappointed that KenyaRe shares are holding up in price. It it very hurtful. I am waiting for @Obiero's prediction of sub-3 but based on his record should I reconsider?

Wait for your dividend in a month's time.
They are trading xd. Next set of results in August?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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