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KenyaRe FY19 - FY23 (Both Inclusive)
Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Bonus shares confirmed ndani! But as usual the system has not adjusted the average price. Keep your own records accurately. If it don't make dollars, it don't make sense
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Balaa wrote:Bonus shares confirmed ndani! But as usual the system has not adjusted the average price. Keep your own records accurately. Yes, now sell them. We're on the sidelines waiting to board and are getting impatient 
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Sorry, also waiting impatiently. If it don't make dollars, it don't make sense
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Bonus shares confirmed ndani. They did it before 10th Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:Bonus shares confirmed ndani.
They did it before 10th My cdsc statement shows it was credited on monday. Towards the goal of financial freedom
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Kenya Re's forward PE ratio is now probably less than 3. The price to book ratio is now similar to KPLC. Management issues seem resolved with appointment of new Chairman. Company has low debt and a risk averse management.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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PE is about 4.25 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Ericsson wrote:PE is about 4.25 Remember last year's earnings were not necessarily representative of future earnings, and may be branded as a one-off, depending on the school of thought.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Extraterrestrial wrote:Ericsson wrote:PE is about 4.25 Remember last year's earnings were not necessarily representative of future earnings, and may be branded as a one-off, depending on the school of thought. PE is factoring the bonus shares issued Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Ericsson wrote:Extraterrestrial wrote:Ericsson wrote:PE is about 4.25 Remember last year's earnings were not necessarily representative of future earnings, and may be branded as a one-off, depending on the school of thought. PE is factoring the bonus shares issued Assume an arbitrary number of 5 as pre-bonus EPS.
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Rank: Member Joined: 5/2/2018 Posts: 267
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Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. 
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. Supply was too high with low demand. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. Supply was too high with low demand. Expected. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...28668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month. The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. I think Kenya Re has a good risk management policy. It benefits from GOK protection hence has a duty to support GOK and other GOK institutions (hence huge govt paper investments). The fact that only 100m was invested in Conslidated Bank bonds is a good indication of a conservative approach. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. There are also private individuals and institutions who subscribed to the bond. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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VituVingiSana wrote:Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. At KES 2.95 I will buy
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. I think Kenya Re has a good risk management policy. It benefits from GOK protection hence has a duty to support GOK and other GOK institutions (hence huge govt paper investments). The fact that only 100m was invested in Conslidated Bank bonds is a good indication of a conservative approach. " It benefits from GOK protection hence has a duty to support GOK and other GOK institutions " which is why I also have reservations about KenyaRe. Anyway, when the bond was issued it did not seem Consolidated would be such bad shape. I still stand by my comment that KenyaRe should provide for it and when it is repaid then write it back. Conservative approach. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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