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Kenya Re - what gives?
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its2013
#351 Posted : Friday, October 17, 2014 9:21:35 PM
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Joined: 1/4/2013
Posts: 255
The dividends were 60cts per share.
Pretty hurts
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MaichBlack
#352 Posted : Saturday, October 18, 2014 11:22:37 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
its2013 wrote:
The dividends were 60cts per share.

0.6/18 * 100% = 3.3% dividend yield!

Exactly how is this 'pleasantly suprising'?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Saturday, October 18, 2014 11:27 AM | Reason: Not specified
its2013
#353 Posted : Sunday, October 19, 2014 9:59:14 PM
Rank: Member

Joined: 1/4/2013
Posts: 255
MaichBlack wrote:
its2013 wrote:
The dividends were 60cts per share.

0.6/18 * 100% = 3.3% dividend yield!

Exactly how is this 'pleasantly suprising'?


Indeed the yield was unattractive. If I may guess, could be the "pleasantly surprising" description is relative when compared to other counters and the stagnation of this particular stock's price.

That said, at the current (fairly discounted) price this may be a good deal when further privatisation sets in.
Pretty hurts
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  | | Edit by user: Sunday, October 19, 2014 10:03 PM | Reason: Not specified
Goldilocks Reloaded
#354 Posted : Tuesday, October 21, 2014 11:23:25 AM
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Joined: 1/14/2014
Posts: 178
A dividend yield of 3.3% is great for me anytime. Not very many companies have the same at the NSE currently. Coupled with the PE level that its trading at, I am holding on. But for sure its not for the faint hearted.
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Goldilocks Reloaded
#355 Posted : Wednesday, October 29, 2014 11:13:37 AM
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Joined: 1/14/2014
Posts: 178
Really what ails this thing? Anyone knows when they are due to make announcements?
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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littledove
#356 Posted : Wednesday, October 29, 2014 11:23:31 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Goldilocks Reloaded wrote:
Really what ails this thing? Anyone knows when they are due to make announcements?

every year i have one counter which messes my portifolio and this year kenya re is ensuring my portifolio is not 100% on gain side
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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TheGeek
#357 Posted : Wednesday, October 29, 2014 11:52:47 AM
Rank: Member

Joined: 7/3/2014
Posts: 245
littledove wrote:
Goldilocks Reloaded wrote:
Really what ails this thing? Anyone knows when they are due to make announcements?

every year i have one counter which messes my portifolio and this year kenya re is ensuring my portifolio is not 100% on gain side


stock total demand total supply
KNRE 233,400 194,100

best bid best ask prev. close
16 17.5 17.45

last price change
16 -1.45



time
11:23:59





In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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VituVingiSana
#358 Posted : Tuesday, November 11, 2014 12:37:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
VituVingiSana wrote:
Kenya Re is one of the few stocks on the NSE trading below NAV. It should catch up to NAV within the next 6 months.
Yikes! And more yikes! No progress has been made catching up to NAV? d'oh! d'oh! d'oh! I will take the Warren Buffett approach and file this away as one of my 'Retirement' investments!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gatheuzi
#359 Posted : Tuesday, November 11, 2014 6:53:39 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
VituVingiSana wrote:
VituVingiSana wrote:
Kenya Re is one of the few stocks on the NSE trading below NAV. It should catch up to NAV within the next 6 months.
Yikes! And more yikes! No progress has been made catching up to NAV? d'oh! d'oh! d'oh! I will take the Warren Buffett approach and file this away as one of my 'Retirement' investments!

I am not yet done accumulating. As a buyer the lower it gets the better. Looking at 15 to snatch some more.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana
#360 Posted : Tuesday, November 11, 2014 8:21:55 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Gatheuzi wrote:
VituVingiSana wrote:
VituVingiSana wrote:
Kenya Re is one of the few stocks on the NSE trading below NAV. It should catch up to NAV within the next 6 months.
Yikes! And more yikes! No progress has been made catching up to NAV? d'oh! d'oh! d'oh! I will take the Warren Buffett approach and file this away as one of my 'Retirement' investments!

I am not yet done accumulating. As a buyer the lower it gets the better. Looking at 15 to snatch some more.
LOL, I am not complaining. I would be happy to pick some up at 15 as well.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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