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KenyaRe FY19 - FY23 (Both Inclusive)
Rank: Member Joined: 5/2/2018 Posts: 267
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Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. 
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Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. Supply was too high with low demand. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ebenyo wrote:Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. Supply was too high with low demand. Expected. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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https://www.businessdail...28668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month. The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. I think Kenya Re has a good risk management policy. It benefits from GOK protection hence has a duty to support GOK and other GOK institutions (hence huge govt paper investments). The fact that only 100m was invested in Conslidated Bank bonds is a good indication of a conservative approach. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. There are also private individuals and institutions who subscribed to the bond. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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VituVingiSana wrote:Superprime1 wrote:Superprime1 wrote:guru267 wrote:Ericsson wrote:guru267 wrote:Superprime1 wrote:Ebenyo wrote:when will the bonus shares be credited to CDSC accounts? It should be on or about July 26, 2019, just as the cash dividend. Almost 1 Billion new shares being added to the free float. Let's hope there is sufficient demand to deal with the profit takers. That is if the existing shareholders who will be allocated the bonus shares decide to flood the market If even 1% of the new free float comes on to the market the share price will probably go below 3 bob judging by the volumes traded since it went ex bonus. The key here is to be liquid now and buy low. Same guys selling will be scrambling to get back in less than a year from now. Let it rain, and flood, with the new shares! The floods are here; 3 bob beckons! Can't wait to scoop. At KES 2.95 I will buy COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Treasury-to-bail-out-Consolidated-Bank/3815534-5228668-8uyfn6/index.html
Consolidated Bank of Kenya on Thursday got a lifeline after Treasury announced it will bail out the lender to help repay holders of its Sh1.6 billion corporate bond due last month.
The Nairobi Securities Exchange (NSE)-listed Kenya Re, which bought Consolidated Bank bonds worth Sh100 million, is among the highly exposed institutions. Not that I want Kenya Re to lose a penny but 100mn is peanuts for Kenya Re. I highly doubt the payoff will come in 3 months. This will probably go on for at least 1 year! Kenya Re should provide for it. I think Kenya Re has a good risk management policy. It benefits from GOK protection hence has a duty to support GOK and other GOK institutions (hence huge govt paper investments). The fact that only 100m was invested in Conslidated Bank bonds is a good indication of a conservative approach. " It benefits from GOK protection hence has a duty to support GOK and other GOK institutions " which is why I also have reservations about KenyaRe. Anyway, when the bond was issued it did not seem Consolidated would be such bad shape. I still stand by my comment that KenyaRe should provide for it and when it is repaid then write it back. Conservative approach. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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