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Kenya Re - what gives?
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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nashx wrote:Hahahaha...just thought its weird the volumes on the supply side have increased all of a sudden like somebody knows something I dont Soko ina wenyewe. Life is short. Live passionately.
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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I think the share will be back on course soon.. :) Wenye soko tumewajua Offering my personal finance knowledge for free
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Cde Monomotapa wrote:KCB set to roll out Islamic Banking solutions. KCB Group has commenced the process of rolling out Islamic Banking solutions in the country as part of its financial inclusion agenda. “We plan to launch five products in the first phase which will be up and running by July, this year and then later on introduce more products in the fourth quarter of the year,” he said; adding that the necessary structures including the Information Technology infrastructure are being put in place to boost our compliance to the Sharia requirements. “Financial markets are increasing in sophistication; the environment is constantly changing and competition is increasing. At KCB we pride ourselves in continued innovation and satisfying the needs of our customers,” said the KCB General Manager of Islamic Banking. https://www.facebook.com/notes/k...olutions/749463558420705 StanChart Bank launches Islamic Banking servicesStanChart Bank Kenya has launched Islamic banking services under the brand “Standard Chartered Saadiq”. The bank will design, structure and launch products compliant with Sharia principles, to target the Muslim population in Kenya and establish market share in the newly emerging market. Islamic banking is estimated to account for 2.0% of the banking business in Kenya. Kenya is the first market in Africa where StanChart Bank has launched Sharia compliant banking for the consumer division. KCB Bank, Barclays Bank and National Bank also offer Islamic banking services. (Source; Business Daily, Kestrel Research) And FML.zw reports its FY2013: Detailed reporting I must add. http://b2icontent.irpass...lHCJgM6d5P5vmoGrMUeg%3D
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Bank of Korea joins Islamic finance body IFSB (Reuters) - South Korea's central bank has joined the Islamic Financial Services Board (IFSB), one of the main standard-setting bodies for Islamic finance, as regulators across Asia build closer ties to the growing industry. South Korea's Export-Import Bank of Korea already has a bond programme in Malaysia that can issue Islamic bonds, or sukuk, although it has yet to tap the market. The Bank of Korea is the 59th regulatory body to join the IFSB, bringing total membership to 184, joining the likes of the central banks of Luxembourg and Japan and the monetary authorities of Hong Kong and Singapore. This week, Hong Kong lawmakers passed a bill that will allow the AAA-rated government to raise around $500 million via sukuk, or Islamic bonds. http://www.reuters.com/a...ea-idUSL5N0MP0RF20140328
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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I am apperplexed by the direction of this stock, this sudden hemorrhage is not welcomed at all to some of us. @Ericsson please shade light, any idea why any one! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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No idea. It's just a fear and kenya re being a company that is never heard in the media nor does it talk about their future plans and even their next number of years strategic plan is unknown. In their pipeline is the construction of a ksh.2 Billion commercial building at their upper hill plot and venturing reinsurance operations in southern africa in Zambia,Zimbabwe,Botswana and Mozambique. Their 2013 FY results announcement is not very far. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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SittingPretty wrote:I am apperplexed by the direction of this stock, this sudden hemorrhage is not welcomed at all to some of us. @Ericsson please shade light, any idea why any one! perplexed you mean? What's not welcome? The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The Foreign Affairs & Int. Trade CS - Amb. A. Mohammed is in Doha, Qatar for bilateral talks. Maybe they can also tie-up this Islamic finance story in a ribbon. Interesting read: Qatar to emerge as major centre for Islamic finance http://thepeninsulaqatar...ntre-for-islamic-finance
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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jerry wrote:SittingPretty wrote:I am apperplexed by the direction of this stock, this sudden hemorrhage is not welcomed at all to some of us. @Ericsson please shade light, any idea why any one! perplexed you mean? What's not welcome? @Ericsson thanks. That helps! @Jerry, its one and the same for sure! The haemorrhage is what's not welcome and I got in just below 20 (that tells you). I am still learning the art of investing! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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SittingPretty wrote:jerry wrote:SittingPretty wrote:I am apperplexed by the direction of this stock, this sudden hemorrhage is not welcomed at all to some of us. @Ericsson please shade light, any idea why any one! perplexed you mean? What's not welcome? @Ericsson thanks. That helps! @Jerry, its one and the same for sure! The haemorrhage is what's not welcome and I got in just below 20 (that tells you). I am still learning the art of investing! All the best in your investing. You'll need to have "shock absorbers" and avoid speculating. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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19.1 needs to be crossed and then there will be no stopping this share Offering my personal finance knowledge for free
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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SittingPretty wrote:jerry wrote:SittingPretty wrote:I am apperplexed by the direction of this stock, this sudden hemorrhage is not welcomed at all to some of us. @Ericsson please shade light, any idea why any one! perplexed you mean? What's not welcome? @Ericsson thanks. That helps! @Jerry, its one and the same for sure! The haemorrhage is what's not welcome and I got in just below 20 (that tells you). I am still learning the art of investing! Relax... wait for results ... a measly dividend ... and maybe a bonus. Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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KAA receives Kes. 1.97 billion in full settlement of JKIA fire http://www.standardmedia.co.ke/...settlement-for-jkia-fire
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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So who knows the percentage of Kenya Re as per APAs reinsurance treaty...that will inform if KENRE took a hit or not Offering my personal finance knowledge for free
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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OK. The initial estimate was 2.5B. The actual claim is now 1.97B.  Out of 1.97B, 0.5B was paid out in Dec. 2013. Right.(Dr. Simba) He said that given the broad reinsurance programme, APA’s balance sheet will remain strong despite the payment as it seeks to set a precedent in determining major losses experienced by their clients. Its reinsurers that include Swiss Re, Africa Re, Kenya Re, Zep Re and East Africa Re contributed to paying the settlement.KAA gets final Sh1.47bn fire payout http://www.capitalfm.co....;utm_source=twitterfeed
#TukoFiti Results please...
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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That's we need to know what is Kenya re's share in the reinsurance treat but i bet its minimal Offering my personal finance knowledge for free
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Compulsory re-insurance with KenRe is 18% but it can be higher since the minimum [not maximum] is 18% Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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nashx wrote:That's we need to know what is Kenya re's share in the reinsurance treat but i bet its minimal That will depend on what is the definition of minimal. Is it KES10M, KES 500M, KES 2,000M???? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Profit warning bado!   Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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@guru267 APA paid a huge chunk of the compensation.The chairman is trying to calm the nerves by saying "Dr. Simba) He said that given the broad reinsurance programme, APA’s balance sheet will remain strong despite the payment as it seeks to set a precedent in determining major losses experienced by their clients." I am sure the total contribution of the five reinsurers is less than a billion shillings. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Kenya Re - what gives?
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