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KenyaRe FY19 - FY23 (Both Inclusive)
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: 18,347 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: 14,217 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
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 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: 14,217 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
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 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: 2,016 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: 14,217 Location: nairobi
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Superprime1 wrote:That was a huge chunk traded at 2.80! Fair value of the stock
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 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..
KQ ABP 4.26
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