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Ericsson		#231 Posted : Saturday, September 22, 2018 6:51:51 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ericsson wrote: https://www.businessdailyafrica.com/markets/marketnews/Kenya-Re-says-addressing-rating-agencies-concerns/3815534-4751278-14krf0uz/index.html Kenya Reinsurance Corporation (Kenya Re) says concern by American rating agency A.M. Best over its enterprise risk management—in the face of expected business growth and increasingly sophisticated competition—is being addressed. “What we are doing is to address each of those issues raised,” said chief executive officer Jadiah Mwarania at a press briefing on the company’s results. “Some of them could be environmental based on the country’s ratings.” Mr Mwarania said Kenya Re officials are set to meet A.M. Best officials to address the concern. “We are having a meeting with A.M. Best in September. We also took opportunity of visiting them in London to see what it is they are looking for,” said Mr Mwarania. “While I hold a different personal opinion when I look at the fundamentals of Kenya Re but AM Best said, and so we accepted and we addressed the issues they raised,” he said. Kenya Re is also engaging Johannesburg ratings agency GCR which early last month placed its national scale claims paying ability rating of AA(KE) and international scale claims paying ability rating of BB “under review”. “While the ratings are expiring today (August 1), GCR is currently engaging with the rated entity and expects to update the current ratings and publicly release them by the end of September 2018,” said the GCR on August 1 without divulging additional information. https://www.businessdail...69864-l88uru/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#232 Posted : Saturday, September 22, 2018 9:15:08 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		Ericsson wrote: Ericsson wrote: https://www.businessdailyafrica.com/markets/marketnews/Kenya-Re-says-addressing-rating-agencies-concerns/3815534-4751278-14krf0uz/index.html Kenya Reinsurance Corporation (Kenya Re) says concern by American rating agency A.M. Best over its enterprise risk management—in the face of expected business growth and increasingly sophisticated competition—is being addressed. “What we are doing is to address each of those issues raised,” said chief executive officer Jadiah Mwarania at a press briefing on the company’s results. “Some of them could be environmental based on the country’s ratings.” Mr Mwarania said Kenya Re officials are set to meet A.M. Best officials to address the concern. “We are having a meeting with A.M. Best in September. We also took opportunity of visiting them in London to see what it is they are looking for,” said Mr Mwarania. “While I hold a different personal opinion when I look at the fundamentals of Kenya Re but AM Best said, and so we accepted and we addressed the issues they raised,” he said. Kenya Re is also engaging Johannesburg ratings agency GCR which early last month placed its national scale claims paying ability rating of AA(KE) and international scale claims paying ability rating of BB “under review”. “While the ratings are expiring today (August 1), GCR is currently engaging with the rated entity and expects to update the current ratings and publicly release them by the end of September 2018,” said the GCR on August 1 without divulging additional information. https://www.businessdail...69864-l88uru/index.html Kizungu mingi! The guy has to travel to London to understand a report? Kenya Re is in trouble and the action of the share price shows it KQ ABP 4.26
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obiero		#233 Posted : Saturday, September 22, 2018 9:22:32 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		Ericsson wrote: Ericsson wrote: https://www.businessdailyafrica.com/markets/marketnews/Kenya-Re-says-addressing-rating-agencies-concerns/3815534-4751278-14krf0uz/index.html Kenya Reinsurance Corporation (Kenya Re) says concern by American rating agency A.M. Best over its enterprise risk management—in the face of expected business growth and increasingly sophisticated competition—is being addressed. “What we are doing is to address each of those issues raised,” said chief executive officer Jadiah Mwarania at a press briefing on the company’s results. “Some of them could be environmental based on the country’s ratings.” Mr Mwarania said Kenya Re officials are set to meet A.M. Best officials to address the concern. “We are having a meeting with A.M. Best in September. We also took opportunity of visiting them in London to see what it is they are looking for,” said Mr Mwarania. “While I hold a different personal opinion when I look at the fundamentals of Kenya Re but AM Best said, and so we accepted and we addressed the issues they raised,” he said. Kenya Re is also engaging Johannesburg ratings agency GCR which early last month placed its national scale claims paying ability rating of AA(KE) and international scale claims paying ability rating of BB “under review”. “While the ratings are expiring today (August 1), GCR is currently engaging with the rated entity and expects to update the current ratings and publicly release them by the end of September 2018,” said the GCR on August 1 without divulging additional information. https://www.businessdail...69864-l88uru/index.html Kizungu mingi! The guy has to travel to London to understand a report? Kenya Re is in trouble and the action of the share price shows it KQ ABP 4.26
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VituVingiSana		#234 Posted : Saturday, September 22, 2018 8:56:31 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		obiero wrote: Ericsson wrote: Ericsson wrote: https://www.businessdailyafrica.com/markets/marketnews/Kenya-Re-says-addressing-rating-agencies-concerns/3815534-4751278-14krf0uz/index.html Kenya Reinsurance Corporation (Kenya Re) says concern by American rating agency A.M. Best over its enterprise risk management—in the face of expected business growth and increasingly sophisticated competition—is being addressed. “What we are doing is to address each of those issues raised,” said chief executive officer Jadiah Mwarania at a press briefing on the company’s results. “Some of them could be environmental based on the country’s ratings.” Mr Mwarania said Kenya Re officials are set to meet A.M. Best officials to address the concern. “We are having a meeting with A.M. Best in September. We also took opportunity of visiting them in London to see what it is they are looking for,” said Mr Mwarania. “While I hold a different personal opinion when I look at the fundamentals of Kenya Re but AM Best said, and so we accepted and we addressed the issues they raised,” he said. Kenya Re is also engaging Johannesburg ratings agency GCR which early last month placed its national scale claims paying ability rating of AA(KE) and international scale claims paying ability rating of BB “under review”. “While the ratings are expiring today (August 1), GCR is currently engaging with the rated entity and expects to update the current ratings and publicly release them by the end of September 2018,” said the GCR on August 1 without divulging additional information. https://www.businessdail...69864-l88uru/index.html Kizungu mingi! The guy has to travel to London to understand a report? Kenya Re is in trouble and the action of the share price shows it 1) Do Sebastian and MJ travel to Paris/Amsterdam to meet with their superiors? 2) He (& the team) is going to have a discussion or to make additional queries in person. It might be akin to a training course where they could/should learn which areas need improvement. 3) His job is to worry about performance of the firm and sustainability of profits NOT the share price. I hope KenRe uses airlines that provide Value for Money. I hear BA has good deals for flights to London. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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shocks		#235 Posted : Sunday, September 23, 2018 4:07:03 PM
Rank: Member Joined: 3/15/2009 Posts: 362		Ericsson wrote: sparkly wrote: maka wrote: sparkly wrote: Ericsson wrote: @vvs Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds. Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Everyone has massive GOK securities... God forbid.... Indeed, the state holds too much of corporate assets. If GOK defaults... Difficult,they just increase taxes to get the money 💵 More like print cash and let the shilling devalue
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obiero		#236 Posted : Sunday, September 23, 2018 4:23:43 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		shocks wrote: Ericsson wrote: sparkly wrote: maka wrote: sparkly wrote: Ericsson wrote: @vvs Luckily this company/corporation didn't invest in the chase and imperial bank corporate bonds. Their biggest chunk of corporate bonds is in the NIC bank and Centum Huge investments in GOK securities. Everyone has massive GOK securities... God forbid.... Indeed, the state holds too much of corporate assets. If GOK defaults... Difficult,they just increase taxes to get the money 💵 More like print cash and let the shilling devalue Dry share.. Had it in 2006 at KES 15.. Twelve years later it's still there, no spike, no nothing.. Just board room drama KQ ABP 4.26
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VituVingiSana		#237 Posted : Monday, September 24, 2018 7:03:55 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		Kenya Re 2006 15/- Kenya Re 2018 18.70/- (1:6 Bonus in 2012) Annual Dividends (2012-2018 = 3.60) KQ 2006 120/- (Pre-consolidation) KQ 2018 1.75 (Not a typo; pre-consolidation) Dividends ZERO (2012-2018) The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#238 Posted : Monday, September 24, 2018 10:25:35 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Kenya Re 2006 15/- Kenya Re 2018 18.70/- (1:6 Bonus in 2012) Annual Dividends (2012-2018 = 3.60) KQ 2006 120/- (Pre-consolidation) KQ 2018 1.75 (Not a typo; pre-consolidation) Dividends ZERO (2012-2018) The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! Life is short. Live passionately.
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Ericsson		#239 Posted : Monday, September 24, 2018 10:57:16 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Kenya Re 2006 15/- Kenya Re 2018 18.70/- (1:6 Bonus in 2012) Annual Dividends (2012-2018 = 3.60) KQ 2006 120/- (Pre-consolidation) KQ 2018 1.75 (Not a typo; pre-consolidation) Dividends ZERO (2012-2018) The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! 85 cents was also paid out in FY2017 results. 2018 they may hike it to 90 cents or ksh.1 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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the deal		#240 Posted : Monday, September 24, 2018 12:49:19 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Ericsson wrote: VituVingiSana wrote: Kenya Re 2006 15/- Kenya Re 2018 18.70/- (1:6 Bonus in 2012) Annual Dividends (2012-2018 = 3.60) KQ 2006 120/- (Pre-consolidation) KQ 2018 1.75 (Not a typo; pre-consolidation) Dividends ZERO (2012-2018) The "expected FY 2018" dividend from Kenya Re is KES 0.85 which is 50% of what pre-consolidation KQ trades at! 85 cents was also paid out in FY2017 results. 2018 they may hike it to 90 cents or ksh.1 Expect no dividend hike here instead FY2018 will be a disaster!
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