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Kenya Re FY 2016 and looking to FY 2017
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VituVingiSana
#1 Posted : Thursday, March 30, 2017 6:53:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
EPS 4.70 vs 5.10 (2015)
+550mn write-off of bad debts
Shareholders Equity 24bn
Cash & equivalents 16bn
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#2 Posted : Thursday, March 30, 2017 7:04:58 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
eps 4.70 is for 2017?
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Chaka
#3 Posted : Thursday, March 30, 2017 7:10:01 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
2017 not over yet?
Horton wrote:
eps 4.70 is for 2017?
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Horton
#4 Posted : Thursday, March 30, 2017 7:12:47 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Chaka wrote:
2017 not over yet?
Horton wrote:
eps 4.70 is for 2017?



my bad 2016?
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Ebenyo
#5 Posted : Thursday, March 30, 2017 7:37:49 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
dividends?
Towards the goal of financial freedom
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Ericsson
#6 Posted : Thursday, March 30, 2017 7:38:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
@VVS
Weka furry furry results hapa tuone
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#7 Posted : Thursday, March 30, 2017 8:02:50 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,532
Location: nairobi
Ericsson wrote:
@VVS
Weka furry furry results hapa tuone

A company in decline

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#8 Posted : Thursday, March 30, 2017 8:09:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
obiero wrote:
Ericsson wrote:
@VVS
Weka furry furry results hapa tuone

A company in decline


vvs vs obiero
Kenya Re vs KQ
Ting ting ting
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#9 Posted : Thursday, March 30, 2017 8:18:24 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
@VVS
Weka furry furry results hapa tuone



Pesa Nane plans to be shilingi when he grows up.
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Shak
#10 Posted : Thursday, March 30, 2017 8:43:04 PM
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Joined: 2/22/2009
Posts: 2,449
Location: Africa
@VVS please complete the story and let us know
if there'll be a dividend
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Pesa Nane
#11 Posted : Thursday, March 30, 2017 8:52:43 PM
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Joined: 5/25/2012
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The Company
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#12 Posted : Thursday, March 30, 2017 8:59:52 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Shak wrote:
@VVS please complete the story and let us know
if there'll be a dividend


First and Final Dividend Kshs. 0.80 (pesa nane, smile )
Pesa Nane plans to be shilingi when he grows up.
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Shak
#13 Posted : Thursday, March 30, 2017 9:07:56 PM
Rank: Elder


Joined: 2/22/2009
Posts: 2,449
Location: Africa
Pesa Nane wrote:
Shak wrote:
@VVS please complete the story and let us know
if there'll be a dividend


First and Final Dividend Kshs. 0.80 (pesa nane, smile )


Very good!
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Horton
#14 Posted : Thursday, March 30, 2017 9:26:55 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Shak wrote:
Pesa Nane wrote:
Shak wrote:
@VVS please complete the story and let us know
if there'll be a dividend


First and Final Dividend Kshs. 0.80 (pesa nane, smile )


Very good!


Is it? Barring the 507m provision, growth is only 5%
😳
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Ericsson
#15 Posted : Thursday, March 30, 2017 9:59:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
VituVingiSana wrote:
EPS 4.70 vs 5.10 (2015)
+550mn write-off of bad debts
Shareholders Equity 24bn
Cash & equivalents 16bn


Provision of bad and doubtful debts @665.018 million
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#16 Posted : Thursday, March 30, 2017 10:04:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
Pesa Nane wrote:
Shak wrote:
@VVS please complete the story and let us know
if there'll be a dividend


First and Final Dividend Kshs. 0.80 (pesa nane, smile )


Improvement from the ksh. 0.75 they paid last year Applause Applause
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#17 Posted : Thursday, March 30, 2017 11:10:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,532
Location: nairobi
Ericsson wrote:
Pesa Nane wrote:
Shak wrote:
@VVS please complete the story and let us know
if there'll be a dividend


First and Final Dividend Kshs. 0.80 (pesa nane, smile )


Improvement from the ksh. 0.75 they paid last year Applause Applause

Better ride on COOP Bank, which has a lower entry price, bonus shares and greater future prospects

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#18 Posted : Thursday, March 30, 2017 11:19:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Pesa Nane wrote:
Shak wrote:
@VVS please complete the story and let us know
if there'll be a dividend


First and Final Dividend Kshs. 0.80 (pesa nane, smile )


Improvement from the ksh. 0.75 they paid last year Applause Applause

Better ride on COOP Bank, which has a lower entry price, bonus shares and greater future prospects


Coop has a chronic illness which has refused to heal.
It needs a new surgeon/doctor to cure the sickness.
Look at the share price behaviour after release of full year results;it got one erection and has refused to rise again.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#19 Posted : Friday, March 31, 2017 1:30:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
I have had some problems logging on.
I don't know how to "post" docs but @pesanane always comes through!

😂😂😂 @Obiero - No stress. I own a "declining" firm that made more profit on 31st Dec 2016 than KQ made in 4 years! Heck, KenRe's dividend on 1 share is higher than KQ's profits for 4 years! I will cry myself to sleep with a mere 80 cents/share while you celebrate with... zero.

The increase in provisions was +550mn (665mn for 2016) and attributed to West Africa, South Sudan, etc. They will continue pursuing the debtors. The drama in Ivory Coast was cited.

They have lots of cash. T-Bonds are up to 11+bn and bank deposits 4+bn. It remains cash-rich. Modest growth expected in 2017. Marine insurance benefits will kick in in 2017 and hopefully higher profit contribution in 2018.

Expansion in Southern Africa will continue but as with new markets there's always start-up costs including giving credit.

Assets continue increasing. ZepRe is profitable and growing.

Slow but steady. This share/firm isn't for those who love drama.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#20 Posted : Friday, March 31, 2017 5:01:14 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
Ericsson wrote:
@VVS
Weka furry furry results hapa tuone

A company in decline


This company is going nowhere anytime soon as long as the management continues on the current path. The windfalls from Marine insurance are yet to be felt.
Mark 12:29
Deuteronomy 4:16
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