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KenyaRe FY19 - FY23 (Both Inclusive)
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VituVingiSana
#521 Posted : Wednesday, September 30, 2020 10:22:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#522 Posted : Wednesday, September 30, 2020 10:34:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray


The majority owner is not selling and the corporation doesn't have cash distress.
It's on expansion mode
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#523 Posted : Wednesday, September 30, 2020 11:48:35 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray


The majority owner is not selling and the corporation doesn't have cash distress.
It's on expansion mode
Majority owner is broke. Jubilee had plenty of cash.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#524 Posted : Wednesday, September 30, 2020 1:06:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Where are the multinational reinsurers ready to buy into or buy out Kenya Re at NAV? Pray Pray Pray


The majority owner is not selling and the corporation doesn't have cash distress.
It's on expansion mode
Majority owner is broke. Jubilee had plenty of cash.

But his sources of finance haven't run out.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#525 Posted : Wednesday, September 30, 2020 2:53:11 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Hii 10 cents tunalipwa lini majameni smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Balaa
#526 Posted : Wednesday, September 30, 2020 4:20:37 PM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile


Malisema kwa notice of AGM it is payable "on or about" 20 November 2020.
If it don't make dollars, it don't make sense
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VituVingiSana
#527 Posted : Wednesday, September 30, 2020 5:22:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Balaa wrote:
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile


Malisema kwa notice of AGM it is payable "on or about" 20 November 2020.
Under other circumstances, I would be Shame on you about 10 cents but seeing what has happened with the banks (NCBA, Equity)... I am Applause Applause Applause

Every penny counts.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#528 Posted : Wednesday, September 30, 2020 6:58:21 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile



Vumilia kiasi.2OTH November sio mbali.
Towards the goal of financial freedom
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Ericsson
#529 Posted : Wednesday, September 30, 2020 9:23:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ebenyo wrote:
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile



Vumilia kiasi.2OTH November sio mbali.

Round hii Absa hamna interim dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#530 Posted : Wednesday, September 30, 2020 11:14:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Financial firms e.g. banks and insurance firms are under pressure from regulators to reduce dividends.
In some cases, the reduction is 100%. Some are using COVID as an excuse to reduce dividends.

- Look at NCBA.
- - Equity too but at least I can buy it given the $95mn purchase of BCDC when it is tough to raise funds.
SCBK had a 50% reduction of a nice dividend.

I&M and DTB paid the dividend but it was lousy (low dividend payout ration esp DTB) anyway.

FY 2020 (in 2021) may be worse given the huge NPL hits.


I think insurance firms (including Kenya Re) will do in 2021 what banks did in 2020. That said, the 10 cents is a very low payout and might not reduced.

COVID remains a threat as we head to 2021.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#531 Posted : Thursday, October 01, 2020 7:10:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Financial firms e.g. banks and insurance firms are under pressure from regulators to reduce dividends.
In some cases, the reduction is 100%. Some are using COVID as an excuse to reduce dividends.

- Look at NCBA.
- - Equity too but at least I can buy it given the $95mn purchase of BCDC when it is tough to raise funds.
SCBK had a 50% reduction of a nice dividend.

I&M and DTB paid the dividend but it was lousy (low dividend payout ration esp DTB) anyway.

FY 2020 (in 2021) may be worse given the huge NPL hits.


I think insurance firms (including Kenya Re) will do in 2021 what banks did in 2020. That said, the 10 cents is a very low payout and might not reduced.

COVID remains a threat as we head to 2021.


Kenya Re should pay minimum 20 cents dividend for FY2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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babashuge
#532 Posted : Thursday, October 01, 2020 7:31:33 AM
Rank: New-farer


Joined: 1/4/2019
Posts: 69
Location: Nairobi
VituVingiSana wrote:
Balaa wrote:
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile


Malisema kwa notice of AGM it is payable "on or about" 20 November 2020.
Under other circumstances, I would be Shame on you about 10 cents but seeing what has happened with the banks (NCBA, Equity)... I am Applause Applause Applause

Every penny counts.


Heh, hata cents zikianguka zitalia tu kama pesa
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Angelica _ann
#533 Posted : Thursday, October 01, 2020 12:12:36 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
babashuge wrote:
VituVingiSana wrote:
Balaa wrote:
Angelica _ann wrote:
Hii 10 cents tunalipwa lini majameni smile


Malisema kwa notice of AGM it is payable "on or about" 20 November 2020.
Under other circumstances, I would be Shame on you about 10 cents but seeing what has happened with the banks (NCBA, Equity)... I am Applause Applause Applause

Every penny counts.


Heh, hata cents zikianguka zitalia tu kama pesa


Asanteni sana, now when is books closure?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#534 Posted : Thursday, October 01, 2020 1:01:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
Virtual AGM will be held on 9 October 2020.
To approve payment of dividend of ksh.0.10 per share for the financial year ended 31st December 2019 to the shareholders registered in the books as at 9th October 2020 to be paid on or about 20th November 2020.


@Angelica
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#535 Posted : Thursday, October 01, 2020 2:51:22 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
Ericsson wrote:
Virtual AGM will be held on 9 October 2020.
To approve payment of dividend of ksh.0.10 per share for the financial year ended 31st December 2019 to the shareholders registered in the books as at 9th October 2020 to be paid on or about 20th November 2020.


@Angelica


Thanks alot.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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point
#536 Posted : Tuesday, October 06, 2020 10:49:21 AM
Rank: New-farer


Joined: 8/23/2015
Posts: 64
Location: nairobi
They changed the book closure! My dividend has vanished just like that😭😭😭



Angelica _ann wrote:
Ericsson wrote:
Ericsson wrote:
Virtual AGM will be held on 9 October 2020.
To approve payment of dividend of ksh.0.10 per share for the financial year ended 31st December 2019 to the shareholders registered in the books as at 9th October 2020 to be paid on or about 20th November 2020.


@Angelica


Thanks alot.

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Ericsson
#537 Posted : Tuesday, October 06, 2020 11:22:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
point wrote:
They changed the book closure! My dividend has vanished just like that😭😭😭

Laughing out loudly d'oh!

Angelica _ann wrote:
Ericsson wrote:
Ericsson wrote:
Virtual AGM will be held on 9 October 2020.
To approve payment of dividend of ksh.0.10 per share for the financial year ended 31st December 2019 to the shareholders registered in the books as at 9th October 2020 to be paid on or about 20th November 2020.


@Angelica


Thanks alot.



@point
You sold the shares you owned
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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point
#538 Posted : Tuesday, October 06, 2020 11:45:59 AM
Rank: New-farer


Joined: 8/23/2015
Posts: 64
Location: nairobi
Yes....
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Ericsson
#539 Posted : Wednesday, October 07, 2020 8:40:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
point wrote:
Yes....


Too bad,wait for next year,probably they might double the dividend.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Balaa
#540 Posted : Friday, October 09, 2020 11:06:34 AM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
AGM currently in session.
If it don't make dollars, it don't make sense
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