@Obiero - If the current MD is fired. Or leaves. Or there is a significant change I do not like... I am out of KenRe.
I screwed up with Olympia [I refused to see the signs of theft], KQ [I refused to believe the facts some Wazuans were sharing of declining performance], KK [when the company was going into overdrive expansion & debt], KPLC [when ERC/GoK reneged on the triennial tariff review], etc.

I hope I have learnt enough to say enough is enough & say bye to KenRe. There are some sweet replacements including Britam if the price falls even further. Or move more into another bank eg Equity or buy KCB at the 'right' price.

@Obiero - If I could divorce or remove the "Naikuni/Mbugua KQ" from "Mbuvi KQ" then I would look at KQ but that is not currently possible. The 32bn NEGATIVE Equity is a hole that is going to take years to fill. Even if KQ made PAT of 3bn/year I'd have to wait until 2027.

Britam - I am looking at the right [lower] price to enter as long as it meets my other criteria including QUALITY MANAGEMENT.

This is a good MBUS to ride on. However capital gains on price are hard to come by so needs balls of steel.

Anyone with clues on the current drop in share price?

ii yako ni chuki

Anything VVS holds is normal trashed (somehow except Unga Group), if you have been following them.

At my age I will never hold a stock for over 365 days to get 45cents dividend.. That's an investment strategy which is very close to insanity.. However, the share price gain in late 2016 was remarkable albeit not supported by fundamentals, just hullabaloo

@Angel - As a Warren Buffett fan and follower, I am OK with all the kelele ya chura. After all, I get my dividend regularly and sleep at night without worrying about when the CEO will be fired for poor performance!

Unga - Nick Hutchinson has been around for 5+ years as CEO. Isabella Ocholla-Wilson has been around for a few years too.

KenRe - Mwarania is doing OK and there's no talk of replacing him.

I&M - The "old" CEO [now a director] retired at 65 (or something like that) while the Executive Director (48) still runs the show.

KK - Ohana's 4th year as CEO. Mathenge's 4th year as chairman. Profits rolling in!

I can wait out the downturns in share price as long as the CORE business is doing well enough. I expect all the above to do better in FY 2017 vs FY 2016 except I&M like most banks. Even Unga with a tough year (drought, KES/USD) is expected to do better.

Some smaller holdings like Williamson/Kapchorua will take a hit [drought] but I can wait for the "boom" in 1-2 years.
TPSEA will have a tough time due to the elections [low tourist numbers and construction/rehab of Nairobi Serena] but give it 2 years.
Car & General will suffer in 2017 [KES/USD, elections] but I expect a decent 2018.

Why don't I worry unduly about these firms for now? QUALITY MANAGEMENT...

Losses are also unmatched

@Obiero teaching us pure math. ...I like your analysis. ..It is true...bro keep the spirit burning. ..