Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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obiero wrote:Ericsson wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:MaichBlack wrote:obiero wrote: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.. Demand is through the roof. Sellers pulling back!!! Terrible news for me. I got my order fulfilled at 2.8 but seems like my next order will not been fulfilled today. Same Bus. Managed some at 2.90  14 million shares traded today. Fair value has been attained.. Kesho utaona iko ksh.3++ 14.13m shares is a huge volume. Do not expect wild movements from this point. This is dividend stock, that lucks fanfare, pomp and ceremony. Being a GoK stock, it remains a dicy holding but in government we must trust. At least you are guaranteed it wont go bust like ARM. If Uchumi is still around, you know grace is sufficient. We the people! I speak in code Share price at 3.05 Rising nearly the maximum 10% limit The master of bottoms called it  COOP, IMH, KEGN, KQ, MTNU
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