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Kenya Re - what gives?
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sparkly
#331 Posted : Wednesday, October 01, 2014 10:09:46 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
littledove wrote:
sparkly wrote:
When Kenya Re wakes up, the move will be very sharp to the thirties... Ngoja tu

if compulsory contribution is extended which is about to come to an end, a serious rally will be witnessed
If it is extended. Why should it be extended? What about EAC rules? Or PTA rules?


IMO Kenya Re has demonstrated that they can do without the Compulsory Re-insurance.
Life is short. Live passionately.
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VituVingiSana
#332 Posted : Wednesday, October 01, 2014 11:02:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
littledove wrote:
VituVingiSana wrote:
littledove wrote:
sparkly wrote:
When Kenya Re wakes up, the move will be very sharp to the thirties... Ngoja tu

if compulsory contribution is extended which is about to come to an end, a serious rally will be witnessed
If it is extended. Why should it be extended? What about EAC rules? Or PTA rules?

what about the two rules @vitu, kindly enlighten me, personally as a shareholder I feel an extention is in order

I do not know if there are EAC or PTA/COMESA rules about 'Compulsory Insurance' but just as there are limits to 'sugar safeguards' there may be rules that don't allow protection for Re-insurers. Again, I was asking a question.

The 60% GoK holding may be the millstone if KenRe needs GoK permission to expand into other areas of investment or expansion due to the slow approvals reminiscent of how government works.

That said... there IS a discount on KenRe on many metrics including P/B and PER. And @VVS likes discounts. And Warren Buffett.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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target1360
#333 Posted : Thursday, October 02, 2014 3:45:56 AM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
only problem with knre is the majority gava share holding.gava will screw up investors anytime through roadside announcements.
I find satisfaction in owning great business,not trading them
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murchr
#334 Posted : Thursday, October 02, 2014 3:48:06 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
target1360 wrote:
only problem with knre is the majority gava share holding.gava will screw up investors anytime through roadside announcements.


Not really, i think the poor div history is the problem.
"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
.
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heri
#335 Posted : Thursday, October 02, 2014 9:00:47 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
I was going through my past records of shares i have bought

I noted that in Dec 2007 i had bought Kenya Re at sh 17.

That is 7 years ago!! and what is it trading at today?

I cannot understand this share anymore
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mwekez@ji
#336 Posted : Thursday, October 02, 2014 9:20:51 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
sparkly wrote:
VituVingiSana wrote:
littledove wrote:
sparkly wrote:
When Kenya Re wakes up, the move will be very sharp to the thirties... Ngoja tu

if compulsory contribution is extended which is about to come to an end, a serious rally will be witnessed
If it is extended. Why should it be extended? What about EAC rules? Or PTA rules?


IMO Kenya Re has demonstrated that they can do without the Compulsory Re-insurance.


@sparkly, how has kenya re demonstrated that? What is the percentage of compulsory re-insurance business/revenue to the total business/revenue?
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mwekez@ji
#337 Posted : Thursday, October 02, 2014 9:27:09 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
heri wrote:
I was going through my past records of shares i have bought

I noted that in Dec 2007 i had bought Kenya Re at sh 17.

That is 7 years ago!! and what is it trading at today?

I cannot understand this share anymore


This is what happened, the share has since declined to 7 bob and then its back up. Do the math for those who bought at the low and have sold at the high
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heri
#338 Posted : Thursday, October 02, 2014 9:54:42 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Thanks alot

for those who advocate holding shares longterm, is 7 years not longterm but clearly it has not worked for this share
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heri
#339 Posted : Thursday, October 02, 2014 9:59:44 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Thanks alot

for those who advocate holding shares longterm, is 7 years not longterm but clearly it has not worked for this share
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maka
#340 Posted : Thursday, October 16, 2014 5:46:53 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Metasploit wrote:
If someone has got some little money get Kenya Re at 18.50 and kenya airways at 11.90

SUPPLY IS DRYING OUT!SHARE REBOUND IN THE OFFING

oops...
possunt quia posse videntur
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