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KenyaRe FY19 - FY23 (Both Inclusive)
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Ericsson wrote:littledove wrote:target1360 wrote:same people that were saying that they couldn't touch kenre at 12 bob are here claiming how the same is cheap at kes 3 post increased number of issued shares previous 12 is the same as current 3 but a small stone can move up faster than a big stone, my thinking Resistance at ksh.3,difficult for it to go below. Fair value ksh.4 per share Fair value is 9 bob per share. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:Ericsson wrote:Ericsson wrote:littledove wrote:target1360 wrote:same people that were saying that they couldn't touch kenre at 12 bob are here claiming how the same is cheap at kes 3 post increased number of issued shares previous 12 is the same as current 3 but a small stone can move up faster than a big stone, my thinking Resistance at ksh.3,difficult for it to go below. Fair value ksh.4 per share Fair value is 9 bob per share. 11/- per share but I will take 9/- if I get it in 2019!!!  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:sparkly wrote:Ericsson wrote:Ericsson wrote:littledove wrote:target1360 wrote:same people that were saying that they couldn't touch kenre at 12 bob are here claiming how the same is cheap at kes 3 post increased number of issued shares previous 12 is the same as current 3 but a small stone can move up faster than a big stone, my thinking Resistance at ksh.3,difficult for it to go below. Fair value ksh.4 per share Fair value is 9 bob per share. 11/- per share but I will take 9/- if I get it in 2019!!! Inshallah Life is short. Live passionately.
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. 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:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? 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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VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? All the companies that have done so are paying during the dates of regular dividends/after close of financial year and the period when dividends are declared and paid out. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/2/2018 Posts: 267
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VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? There's freedom to declare dividend (special, interim, final) etc. and other material changes at will. Good example is Kenya Re itself declaring the 3:1 bonus share issue way after publishing full year results; also, I&M declared an interim div late Dec 2018 despite having already published half-year and Q3 results... So, if Kenya Re wants to declare a special div it can do so at any time, payment date notwithstanding.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. So you thought writing in blue and large font would pump the price?  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? All the companies that have done so are paying during the dates of regular dividends/after close of financial year and the period when dividends are declared and paid out. Really? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Superprime1 wrote:VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? There's freedom to declare dividend (special, interim, final) etc. and other material changes at will. Good example is Kenya Re itself declaring the 3:1 bonus share issue way after publishing full year results; also, I&M declared an interim div late Dec 2018 despite having already published half-year and Q3 results... So, if Kenya Re wants to declare a special div it can do so at any time, payment date notwithstanding.  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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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? All the companies that have done so are paying during the dates of regular dividends/after close of financial year and the period when dividends are declared and paid out. Really? Safaricom FY ends March 31 Kenya Pipeline FY ends June 30 KPA FY ends June 30 But there are exceptional circumstances like I&M did to avoid paying higher taxes 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:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? All the companies that have done so are paying during the dates of regular dividends/after close of financial year and the period when dividends are declared and paid out. Really? Safaricom FY ends March 31 Kenya Pipeline FY ends June 30 KPA FY ends June 30 But there are exceptional circumstances like I&M did to avoid paying higher taxes City Trust paid a special dividend that was not related to the FY. They called it an interim dividend. http://www.wazua.co.ke/f...px?g=posts&m=314457
Anyway, whatever the case may be, I do not mind a hefty special dividend! 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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Global Credit Ratings (GCR) upgrades @Kenya_Re’s Financial strength rating from AA to AA+. The Global Credit Ratings (GCR) has upgraded the credit rating of Kenya Reinsurance Corporation (Kenya Re) under the new criteria released in May 2019. Kenya Re’s Financial strength ratings were reviewed from AA to AA+. Its international strength ratings have also been revised to a rating of B+ in 2019 from a rating of BB in 2018. The positive ratings was due to a strong risk-adjusted capitalization. GCR notes that Kenya Re has adequately catered for the relatively stable quantum of the insurance market and credit risk. The agency also cites the re-insurance firm’s strong liquidity with liquid assets being 53% of the total investment portfolio. In addition, the liquidity coverage of net technical liabilities and operational cash coverage was fairly stable during the last three years. 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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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? All the companies that have done so are paying during the dates of regular dividends/after close of financial year and the period when dividends are declared and paid out. Really? Safaricom FY ends March 31 Kenya Pipeline FY ends June 30 KPA FY ends June 30 But there are exceptional circumstances like I&M did to avoid paying higher taxes City Trust paid a special dividend that was not related to the FY. They called it an interim dividend. http://www.wazua.co.ke/f...px?g=posts&m=314457
Anyway, whatever the case may be, I do not mind a hefty special dividend! hii special dividend inakuja lini? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Extraterrestrial wrote: Kenya Re may pay a special dividend, if the current trend of raiding of State corporations by Treasury is any message worth tuning into. Kenya Re pays dividend around July-August,so you are speaking of 2020. Is there a law/regulation that a special dividend cannot be paid at a different date from the regular dividend? All the companies that have done so are paying during the dates of regular dividends/after close of financial year and the period when dividends are declared and paid out. Really? Safaricom FY ends March 31 Kenya Pipeline FY ends June 30 KPA FY ends June 30 But there are exceptional circumstances like I&M did to avoid paying higher taxes City Trust paid a special dividend that was not related to the FY. They called it an interim dividend. http://www.wazua.co.ke/f...px?g=posts&m=314457
Anyway, whatever the case may be, I do not mind a hefty special dividend! hii special dividend inakuja lini? Who said it is coming? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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FY2019 profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property. Asset base grew by 14% from ksh.44.36bn to 50.36bn The board of directors recommend a dividend of ksh.0.1 per share Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:FY2019
profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property.
Asset base grew by 14% from ksh.44.36bn to 50.36bn
The board of directors recommend a dividend of ksh.0.1 per share
Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html 10 cents, what a joke! Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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In the spirit of informing investors that monkeys are also prone covid19. 🐒 business,nyefunyefu ya wazee wa ngumbaru at it again. Some monkeys ought to keep their mouths shutup I dare say. Crap at the top of the hour table ,Behold, a sower went forth to sow;....
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