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KenyaRe FY19 - FY23 (Both Inclusive)
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote: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 Welcome! This should help you regain some of your losses in KQ but one has to be patient with KenyaRe. 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: 13,517 Location: nairobi
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VituVingiSana wrote:obiero wrote: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 Welcome! This should help you regain some of your losses in KQ but one has to be patient with KenyaRe. Kabisa
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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This stock might bring me back to the NSE before 2022.I'm watching it closely.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Quick questions to @mzee VVS. 1. How many shares outstanding are there post split? Are they absolutely 933,265,424? 2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct? 3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE? 4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424? 2.8 billion
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?wrong
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE? Rise in reinsurance claims due to natural factors like weather.Protectionist by some countries whereby governments are establishing their own insurance companies.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion? yes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Ericsson wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424? 2.8 billion
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?wrong
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE? Rise in reinsurance claims due to natural factors like weather.Protectionist by some countries whereby governments are establishing their own insurance companies.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion? yes Shukran....najee hapo kwa risk? Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value 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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Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value Tomorrow I purchase some fresh KENRE after an 11 year self imposed abstinence
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/2/2018 Posts: 267
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obiero wrote:Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value Tomorrow I purchase some fresh KENRE after an 11 year self imposed abstinence Welcome aboard. Though you might as well have bought when it was at 10.x as it was cheaper than at 3bob (=12bob before split).
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value Tomorrow I purchase some fresh KENRE after an 11 year self imposed abstinence As opposed to KQ? 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: 13,517 Location: nairobi
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VituVingiSana wrote:obiero wrote:Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value Tomorrow I purchase some fresh KENRE after an 11 year self imposed abstinence As opposed to KQ? Not comparable my friend.. Just a basic speculative 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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obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value Tomorrow I purchase some fresh KENRE after an 11 year self imposed abstinence As opposed to KQ? Not comparable my friend.. Just a basic speculative buy Which is the speculative buy? 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: 13,517 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:Quick questions to @mzee VVS.
1. How many shares outstanding are there post split? Are they absolutely 933,265,424?
No. They should be about 700mn x 4 = 2.8bn but GoK owns 60%.
2. Looking at FY2019 numbers i estimate the EPS to be 2.44. Is this correct?
I can't see the future but FY19 could be 2.44 though divide by 4 to account for the bonus.
3. Other than 60% GOK shareholding/corruption manenos, what is the other most significant risk for KenyaRE?
Loss of mandatory premiums.
4. As at today, 13.08.2019, will i be correct to state that total equity is Kshs. 28 billion?Yes Shukran sana. 2.8 outstanding shares takes the NAV down to 10 bob. Not bad at all at current price but 2 bob will be utopia 2bob is even below the share par value Tomorrow I purchase some fresh KENRE after an 11 year self imposed abstinence As opposed to KQ? Not comparable my friend.. Just a basic speculative buy Which is the speculative buy? KQ
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Anyone received the dividends? 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:Anyone received the dividends? Eft kitambo. Towards the goal of financial freedom
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Rank: Member Joined: 5/2/2018 Posts: 267
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That was a huge chunk traded at 2.80!
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Superprime1 wrote:That was a huge chunk traded at 2.80! Fair value of the stock
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:Kenya Re HY Results
Kenya Re profit after tax down 12.5% to Kshs. 1.076b
Gross written premiums up 39.9% to ksh.8.86bn
Net earned premiums up 16.6% to Kshs. 7.429b
Gross claims incurred and policy holder benefits up 47.4% to ksh.5.2806bn
Claims ratio 67% v. 53%
Expense ratio 41% v. 50%
Net profit margin 12% v. 19%
Investment & other income almost flat
Cash at the end of the period up 27% to Kshs. 7.369b
NAV Kshs. 10.4
Link;https://pbs.twimg.com/media/EA44788WkAEVVL1?format=jpg&name=large  3/- Be very cautious Hayawi hayawi huwa! KES 2.6 is the bottom but I can continue buying at any price sub KES 2.8.. For the dividend play..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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