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Kenya Re - Waking up from the Slumber?
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the deal
#41 Posted : Monday, April 04, 2011 8:44:44 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Mwanahisa i got burned once by Kenya Re but i'm seriously looking at it with a PE of 4.42 its less risk since the mandatory concessions extended to 2015 i might reap what i sow this time around...however they operate in Ivory Coast how much is this a threat to their earnings?
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Magnetic Touch
#42 Posted : Monday, April 04, 2011 9:18:00 PM
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Joined: 12/31/2008
Posts: 90
The pproblem with KenyaRe is that it never moves however cheap it looks it still goes down further. NKT!
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mlennyma
#43 Posted : Tuesday, April 05, 2011 8:06:11 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,191
Location: nairobi
The problem with kenya re is the gvt interference and it will never match private companies until the inefficient gvt fully pulls out.
"Don't let the fear of losing be greater than the excitement of winning."
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erifloss
#44 Posted : Tuesday, April 05, 2011 8:16:16 AM
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Joined: 6/21/2010
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Location: Nairobi
the deal wrote:
@Mwanahisa i got burned once by Kenya Re but i'm seriously looking at it with a PE of 4.42 its less risk since the mandatory concessions extended to 2015 i might reap what i sow this time around...however they operate in Ivory Coast how much is this a threat to their earnings?

Jubilee operates in Ivory coast too & look at their performance. I think the problem with Kenya re is government. They are actually still carrying the effects of the Nyamu era.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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youcan'tstopusnow
#45 Posted : Tuesday, April 05, 2011 8:18:47 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
When is the announcement?
GOD BLESS YOUR LIFE
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the deal
#46 Posted : Tuesday, April 05, 2011 8:38:53 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
When is the announcement?

Anytime this month....but not in May of course...i did some research on Kenya Re and its not a dying horse as most people would say and it might suprise but i'm always cautious with insurance firms apart from JBL a claim can come from no where and ruin everything.
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Magnetic Touch
#47 Posted : Tuesday, April 05, 2011 9:46:48 AM
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Joined: 12/31/2008
Posts: 90
Well, it is still stuck at 10 - only 5% above its IPO price. What nonsense is this?
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Iborian
#48 Posted : Tuesday, April 05, 2011 11:12:02 AM
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Joined: 4/17/2009
Posts: 194
Did you say slumber? I would call it a stupor. And it is not waking up any time soon. The damn thing is comatose....
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Renegade
#49 Posted : Monday, April 18, 2011 3:24:53 PM
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Joined: 4/18/2009
Posts: 118
Hopefully the appointment of the MD is the first step towards getting up. Or has it just opened one eye and then promptly gone back to sleep?
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selah
#50 Posted : Monday, April 18, 2011 3:56:11 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Renegade wrote:
Hopefully the appointment of the MD is the first step towards getting up. Or has it just opened one eye and then promptly gone back to sleep?


I think the 2010 results will tell us if the confirmation of the MD was prudent.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Renegade
#51 Posted : Monday, April 18, 2011 4:09:05 PM
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Joined: 4/18/2009
Posts: 118
selah wrote:
Renegade wrote:
Hopefully the appointment of the MD is the first step towards getting up. Or has it just opened one eye and then promptly gone back to sleep?


I think the 2010 results will tell us if the confirmation of the MD was prudent.


In that case then I would bet that the results will be good. Otherwise it would be mighty bad PR to appoint the chap and then release bad results shortly after the appointment.
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Iborian
#52 Posted : Monday, April 18, 2011 4:56:30 PM
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Joined: 4/17/2009
Posts: 194
The problem with Kenya Re are not its fundamentals. We all know that. Lakini, we are just not convinced that the share price will go up. Ata with good results. It's just one of those companies that are somewhat cursed. MD needs to get his chopper to Loliondo soonest.
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the deal
#53 Posted : Monday, April 18, 2011 10:35:35 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
if it reaches 11 bob by Thursday then we can talk for it is just blowing cold air...lol.
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Iborian
#54 Posted : Tuesday, April 19, 2011 10:11:48 AM
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Joined: 4/17/2009
Posts: 194
Now compare this excuse of a share to Scangroup. Almost similar EPS @ 2.58 for Scan and a dividend of 0.7. OK, Scan has issued a bonus. Big deal - the shareholders still owned those reserves, distributed or not.

See the market's reaction. Scan trades at more than 5 times the price of KenRe. Now that's a s**y counter to be in, although it's not for me either.
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Renegade
#55 Posted : Tuesday, April 19, 2011 11:12:57 AM
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Joined: 4/18/2009
Posts: 118
There will always be a few people who know value when they see it, even when the rest of the market does not. @19 not too long ago a lot of folks on this forum were also "laughing" at KCB. Who's laughing now?
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Renegade
#56 Posted : Tuesday, April 19, 2011 12:52:36 PM
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Joined: 4/18/2009
Posts: 118
Some interest is picking up. Bid volumes increasing and a pivot being established at the 10/= level.
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the deal
#57 Posted : Tuesday, April 19, 2011 2:59:47 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@Renegade u r so right i have accumulated alot of Kenya Re shares btwn 9.70 and 9.90...results are imminent.
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Renegade
#58 Posted : Tuesday, April 19, 2011 4:09:31 PM
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Joined: 4/18/2009
Posts: 118
the deal wrote:
@Renegade u r so right i have accumulated alot of Kenya Re shares btwn 9.70 and 9.90...results are imminent.

No doubt when the good results are announced, guys will try to jump in but it may then be too late.
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gesowan
#59 Posted : Friday, August 12, 2011 4:58:46 AM
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Joined: 11/6/2010
Posts: 289
atleast we r making some profits
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Layman
#60 Posted : Friday, August 12, 2011 7:19:19 AM
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Joined: 9/21/2006
Posts: 422
Location: Nairobi
....half year 2011 results will be out this morning....
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