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Kenya Re - what gives?
Cde Monomotapa
#261 Posted : Friday, May 16, 2014 9:37:00 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
[quote=Cde Monomotapa]And it gets better Comrades smile

Germany’s DEG buys into pan-African reinsurer Zep Re

German public investor, DEG, has bought into pan-African reinsurer, Zep Re, underlining the growing interest in Kenya’s insurance industry.

DEG bought an 11 per cent stake at an estimated Sh1.3 billion. Zep Re is majority owned by Kenya Re-insurance Company and is based in Nairobi

“New shares were created to bring them on board so there was dilution of existing shareholders,” said a source within the company who is however not authorised to speak to the media.

The company’s managing director is currently out of the country. Kenya Re’s stake in Zep Re is expected to drop from 21 per cent to 16 per cent following the entry of DEG and African Development Bank which took a 14.5 per cent stake in 2012.

http://www.businessdaily...4/-/fhe9nl/-/index.html[/quote]

The associate's performance: Zep-Re's net profits rise by 24 per cent

The recently opened Abidjan office in Cote d’Ivoire serves the West Africa market, while the Harare office in Zimbabwe serves Southern Africa.

In addition to its traditional shareholders who are member countries, insurers, reinsurers and pension funds in the Comesa region, the company has attracted capital from development finance institutions such as the African Development Bank and the German government investment arm DEG.
- See more at: http://www.the-star.co.k...nt#sthash.plADKp3E.dpuf

Linking AfDB, DEG, PTA Bank & Afreximbank's - trade & development finance & investment activities in Africa, further against the WEF in Abuja recently & the Chinese PM visit... Drool Sickquot;
murchr
#262 Posted : Friday, May 16, 2014 9:51:20 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Nice CDE
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Cde Monomotapa
#263 Posted : Friday, May 16, 2014 10:12:17 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
murchr wrote:
Nice CDE


Sure. Hope you also saw that the China-Africa Development Fund (CADF) [Think IFC] was confirmed to be based in KE.

I think USD2-3B in capital if I recall well. Big profile boost for the NIFC, Kenya V2030.

Also, CADF signed a cooperative agreement with PTA bank - on SMEs.. Should be interesting. Let's see...
murchr
#264 Posted : Friday, May 16, 2014 10:43:14 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Cde Monomotapa wrote:
murchr wrote:
Nice CDE


Sure. Hope you also saw that the China-Africa Development Fund (CADF) [Think IFC] was confirmed to be based in KE.

I think USD2-3B in capital if I recall well. Big profile boost for the NIFC, Kenya V2030.

Also, CADF signed a cooperative agreement with PTA bank - on SMEs.. Should be interesting. Let's see...


Yes i read that, interesting times ahead
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#265 Posted : Sunday, May 18, 2014 11:20:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
http://www.businessdaily...4/-/one7t9/-/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Cde Monomotapa
#266 Posted : Monday, May 19, 2014 10:11:43 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Ericsson wrote:
http://www.businessdaily...4/-/one7t9/-/index.html


Interesting. As that Best Investment Ltd also makes top 10 at Kenya Re. 4.3M, 0.66%.

ION: Constructive competition smile
nashx
#267 Posted : Monday, May 26, 2014 1:12:55 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Any news on this counter I should know about??
Offering my personal finance knowledge for free
Goldilocks Reloaded
#268 Posted : Monday, May 26, 2014 2:15:19 PM
Rank: Member


Joined: 1/14/2014
Posts: 178
I am also wondering... Who has the 411?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
VituVingiSana
#269 Posted : Monday, May 26, 2014 10:35:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Cde Monomotapa wrote:
Ericsson wrote:
http://www.businessdaily...4/-/one7t9/-/index.html


Interesting. As that Best Investment Ltd also makes top 10 at Kenya Re. 4.3M, 0.66%.

ION: Constructive competition smile

Who is behind Best Investment?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kryptonite
#270 Posted : Tuesday, May 27, 2014 10:36:12 AM
Rank: Member


Joined: 2/1/2010
Posts: 272
Location: Nairobi
VituVingiSana wrote:
Cde Monomotapa wrote:
Ericsson wrote:
http://www.businessdaily...4/-/one7t9/-/index.html


Interesting. As that Best Investment Ltd also makes top 10 at Kenya Re. 4.3M, 0.66%.

ION: Constructive competition smile

Who is behind Best Investment?


My speculative guess?

Best Investment Decisions Limited — BID. Same guy who was bidding (pun intended) for Rea Vipingo Ltd

But I could be wrong, this is just a join-the-dots exercise on my part
The harder you work, the luckier you get
Ericsson
#271 Posted : Tuesday, May 27, 2014 11:08:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Counter is falling rapidly what is not happening or news behind it
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Goldilocks Reloaded
#272 Posted : Tuesday, May 27, 2014 11:17:41 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
Seems some people know something we don't. But then again who are they?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Goldilocks Reloaded
#273 Posted : Tuesday, May 27, 2014 11:21:26 AM
Rank: Member


Joined: 1/14/2014
Posts: 178
Seems some people know something we don't. But then again who are they?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Ericsson
#274 Posted : Thursday, June 05, 2014 12:19:06 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
A private equity in the making in the top 10 of the following companies with great potential
CIC Insurance
Nation Media Group
KCB--Top 20 (Biggest portfolio)
Kenya Power--Top 20
NBK
EA Portland
etc
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#275 Posted : Thursday, June 05, 2014 12:28:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Not private equity but great investment company or vehicle
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
heri
#276 Posted : Thursday, June 05, 2014 12:29:02 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
I have shares in only CFC stanbic and Kenya Re

i need to raise money for some land which i feel is somehow undervalued

Between CFC and Kenya Re and current prices, which has more upside pontential in the next 1-2 years?

i need to sell one but cannot quite decide which one. Appreciate any advice based on how you see the potential of these two shares going forward

I expect to make atleast 40% profit in about one year if i buy the land so its a good deal
Ericsson
#277 Posted : Thursday, June 05, 2014 12:30:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Not forgetting BBK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
nashx
#278 Posted : Thursday, June 05, 2014 12:36:01 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
heri wrote:
I have shares in only CFC stanbic and Kenya Re

i need to raise money for some land which i feel is somehow undervalued

Between CFC and Kenya Re and current prices, which has more upside pontential in the next 1-2 years?

i need to sell one but cannot quite decide which one. Appreciate any advice based on how you see the potential of these two shares going forward

I expect to make atleast 40% profit in about one year if i buy the land so its a good deal


I used to have kenyaRe and Cfc, CfC sold it at 150...I feel KenRe has more upside potential and thus keep holding it
Offering my personal finance knowledge for free
Cde Monomotapa
#279 Posted : Friday, June 06, 2014 9:48:48 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Ericsson wrote:
A private equity in the making in the top 10 of the following companies with great potential
CIC Insurance
Nation Media Group
KCB--Top 20 (Biggest portfolio)
Kenya Power--Top 20
NBK
EA Portland
etc


OK. The Eurobond delayed to float all the cargo. Nonetheless, we can ID CIC & NBK for capital gains this half year. The rest we know that dividend income Tuko Fiti. Well compounded. Bonuses where applicable.
nashx
#280 Posted : Friday, June 06, 2014 11:31:03 PM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
Cde Monomotapa wrote:
Ericsson wrote:
A private equity in the making in the top 10 of the following companies with great potential
CIC Insurance
Nation Media Group
KCB--Top 20 (Biggest portfolio)
Kenya Power--Top 20
NBK
EA Portland
etc


OK. The Eurobond delayed to float all the cargo. Nonetheless, we can ID CIC & NBK for capital gains this half year. The rest we know that dividend income Tuko Fiti. Well compounded. Bonuses where applicable.


Is the company above Kenya Re?
Offering my personal finance knowledge for free
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