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Kenya Re - what gives?
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MaichBlack
#381 Posted : Monday, February 02, 2015 8:30:00 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
murchr wrote:
MaichBlack wrote:
Ericsson wrote:
@MaichBlack;
A company that listed just recently (CIC Insurance)has twice market capitalization of Kenya Re and yet it makes half the profits of Kenya Re.Hii market iko na mashetani.
Joe Wanjui and Kirubi sold their stakes in UAP because competition has really dug into UAP business and they couldn't be able to match their speed so take a bow and let a deep pocketed suitor steer the company

My points are: -

1) Identify value/bargains. When you do, invest and relax.

2) Think long term. If what you have now is valuable you can relax. Thousands will turn to millions and millions to billions. Do you know how much James Mwangi's stake at equity is worth? Do you know much he has already pocketed in sale of some of the shares he held. And now, and this is the best question, do you know how much he had put in? And all along people have been waiting for Equity to collapse.


@Maich, @Ericsson Owns some KNRE. He's just complaining that the thing never moves. I feel him. This one, is almost dormant on my portfolio infact i never look at the price changes.

We are many. I am also in the bus. I'm thinking of buying some for my daughter. She is an [extremely] long term investor only that she hasn't known it yet! It's very difficult picking counters for her. I'd hate to lose her money - it's a psychological thing. But this might be a safe bet as any.
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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littledove
#382 Posted : Monday, February 02, 2015 9:31:46 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Ericsson wrote:
This counter I give it a valuation price of 60-65 when it's compared to its peers on a profit-profit basis and total assets.
Question is when will it ever reach that price.

I have a bad lack with this one, this is the third time I'm holding it and I have sold at a loss twice! bought immediately after IPO at 13 in 2007 and sold at 10 range some and still holding a few of that batch, some years later I bought at 16 and sold later at 14, last year I bought at 18.50 and it has refused to go past that! this is the only share in my investing history I have failed to make money even after 3 attempt, hope the trend will be reversed one day
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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Ericsson
#383 Posted : Sunday, February 08, 2015 10:29:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...-/10bgmgsz/-/index.html

The government has increased the share of business insurance companies must give Kenya Reinsurance for the first time in two decades.
Mandatory cessation has been increased from 18% to 20% for the next five years to 2020.
Positive news for the counter which will see share price rise.
A target price of 45 this year doesn't seem far fetched.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#384 Posted : Sunday, February 08, 2015 10:36:19 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Ericsson wrote:
http://www.businessdailyafrica.com/State-secures-Kenya-Re-20pc-share-of-local-reinsurance/-/539552/2617158/-/10bgmgsz/-/index.html

The government has increased the share of business insurance companies must give Kenya Reinsurance for the first time in two decades.
Mandatory cessation has been increased from 18% to 20% for the next five years to 2020.
Positive news for the counter which will see share price rise.
A target price of 45 this year doesn't seem far fetched.

I knew who had commented before confirming. Insurance Guru @Ericsson haha anyway of the laggards hili ni MAMA LAO. hhehe hope the good news jumpstart it
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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instinct
#385 Posted : Monday, February 09, 2015 8:40:01 AM
Rank: Member

Joined: 8/17/2007
Posts: 294
The government has also extended the duration for the mandatory cessions by five years to 2020 securing a steady flow of business for the next five years and ring-fencing its market share in an industry attracting more players.
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littledove
#386 Posted : Monday, February 09, 2015 8:59:04 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Ericsson wrote:
http://www.businessdailyafrica.com/State-secures-Kenya-Re-20pc-share-of-local-reinsurance/-/539552/2617158/-/10bgmgsz/-/index.html

The government has increased the share of business insurance companies must give Kenya Reinsurance for the first time in two decades.
Mandatory cessation has been increased from 18% to 20% for the next five years to 2020.
Positive news for the counter which will see share price rise.
A target price of 45 this year doesn't seem far fetched.

this was the only laggard in my potfolio, hope i will start smiling from today
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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Goldilocks Reloaded
#387 Posted : Monday, February 09, 2015 9:12:22 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
littledove wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/State-secures-Kenya-Re-20pc-share-of-local-reinsurance/-/539552/2617158/-/10bgmgsz/-/index.html

The government has increased the share of business insurance companies must give Kenya Reinsurance for the first time in two decades.
Mandatory cessation has been increased from 18% to 20% for the next five years to 2020.
Positive news for the counter which will see share price rise.
A target price of 45 this year doesn't seem far fetched.

this was the only laggard in my potfolio, hope i will start smiling from today



Let the bull run begin...
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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MaichBlack
#388 Posted : Monday, February 09, 2015 11:25:56 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
Our bus is in full motion. Testing the Michuki rules!!! Let's hope it can keep up the momentum. One of the most undervalued stock in the NSE. I hope they also change their dividend policy to add some fuel to this bus!!!
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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Gatheuzi
#389 Posted : Monday, February 09, 2015 11:42:40 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Let's see where it gets us.

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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SittingPretty
#390 Posted : Monday, February 09, 2015 2:19:39 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
MaichBlack wrote:
Our bus is in full motion. Testing the Michuki rules!!! Let's hope it can keep up the momentum. One of the most undervalued stock in the NSE. I hope they also change their dividend policy to add some fuel to this bus!!!

I hope that is true Pray Pray Pray , this and KK have really tested my patience. So BRITAM fly past from 6.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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