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KenyaRe FY19 - FY23 (Both Inclusive)
guru267
#31 Posted : Monday, May 13, 2019 10:57:30 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


Is this for real? Looks like 2019 is not going to be a bad year for me.
Mark 12:29
Deuteronomy 4:16
Ericsson
#32 Posted : Monday, May 13, 2019 10:59:35 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


@vvs should see this
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#33 Posted : Monday, May 13, 2019 11:26:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.

Scratching my head.

1) Why the 3:1 bonus?
The shares were trading at 11/- on Friday but for ease I will use 12/-.
12/4 = 3 which is similar to shady firms like Neveready, Olympia, Cables, Tranny and KQ.

2) KenyaRe has 11.5% of UgandaRe. Why not explore a partnership with UgandaRe by buying more shares in it?
I am OK with a UG subsidiary given it might be what is necessary to compete in the market.

What I do not mind is the price remaining at the 10-11-ish level after the bonus Laughing out loudly *Dreaming*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#34 Posted : Monday, May 13, 2019 11:27:26 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Ericsson wrote:
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


@vvs should see this


Supply at Sh20.

All it will take is someone snapping up 100 shares and the talk will be "Kenya Re jumps 80% after announcement of bonus issue"
guru267
#35 Posted : Monday, May 13, 2019 11:31:44 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


This would be the best way to create shareholder value as the price as completely failed to respond to a rising EPS over the years.
Mark 12:29
Deuteronomy 4:16
guru267
#36 Posted : Monday, May 13, 2019 11:50:05 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


What I do not mind is the price remaining at the 10-11-ish level after the bonus Laughing out loudly *Dreaming*


This is their most likely intention. Price failed to respond to increasing EPS now they are looking to increase the P/E ratio.
Mark 12:29
Deuteronomy 4:16
young
#37 Posted : Monday, May 13, 2019 11:53:12 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


Provide link please ?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
mlennyma
#38 Posted : Monday, May 13, 2019 12:20:13 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
young wrote:
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


Provide link please ?

bad move increasing governments majority stake 3fold
"Don't let the fear of losing be greater than the excitement of winning."
Superprime1
#39 Posted : Monday, May 13, 2019 12:22:48 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
young wrote:
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


Provide link please ?

@Pesanane will need to kindly step in and upload document...
Angelica _ann
#40 Posted : Monday, May 13, 2019 12:22:50 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
mlennyma wrote:
young wrote:
Superprime1 wrote:
Kenya Re proposes bonus issue in the ratio of 3:1!

Also looking to set up subsidiary in Uganda.


Provide link please ?

bad move increasing governments majority stake 3fold


How now? The stakes remain the same.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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