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A good buy for six months

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VituVingiSana		#31 Posted : Thursday, June 24, 2010 12:19:12 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi		ProverB wrote: PKoli wrote: @guru Absolutely correct, but is currently undervalued. It should be trading at a pe of 9 not less than 6! I am not sure you will get it at less than 15 if you have to wait till release of half year results you advocating for use of just one factor in determining to invest or not? Low p/e. just that? The EPS probably includes some non-recurring gains thus the need to 'normalize' the EPS... I dont care for KenRe so not bothered doing the calculations! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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PKoli		#32 Posted : Thursday, June 24, 2010 12:19:55 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		@Proverb Not so pe is just one of them. They will benefit from the current restucturing in the insurance sector. They are also opening a branch in the Western African region. This has been pending for a while.
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ProverB		#33 Posted : Thursday, June 24, 2010 12:26:20 PM
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander		PKoli wrote: @Proverb Not so pe is just one of them. They will benefit from the current restucturing in the insurance sector. They are also opening a branch in the Western African region. This has been pending for a while. Ok. obviously..our market is small..thus why they lump insurance firms together with banks and investment firms.. so, definatley cannot compare Keny re to jubilee n pan africa only..why then Kenya Re n not a bank for example.. just how low is Low p/e good befor it becomes bad consideration? @webish.. hope you ain't reading this thread.. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16 - 1769 Oxford King James Bible 'Authorized Version
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PKoli		#34 Posted : Thursday, June 24, 2010 12:26:52 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		@VVS Have you perused through their latest annnual accounts?
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PKoli		#35 Posted : Thursday, June 24, 2010 12:35:40 PM
Rank: Elder Joined: 2/10/2007 Posts: 1,587		@ProverB I think when a stock trades at a low pe for three consecutive years, it shows the market has no faith in it. p/e of 5 sounds ridiculously too low for any stock. @VVS - I give up on the fight for Kenya Re. It has no followers on Wazua except I.
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the deal		#36 Posted : Thursday, June 24, 2010 1:57:28 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Kenya Re needs devine intervention...those guys absolutely dont know what theyre doing...have you heard of their latest MISHAP...a failed attempt to enter the real estate industry buy building a hotel at JKIA..apparenty it was stopped cause they didnt know the procedures...
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obiero		#37 Posted : Thursday, June 24, 2010 7:19:38 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,239 Location: nairobi		kenya re relative to its affordable prices has paid me a truckload of dividend since 2007 so im sticking to this lovely stock
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VituVingiSana		#38 Posted : Thursday, June 24, 2010 8:42:22 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi		PKoli wrote: @VVS Have you perused through their latest annnual accounts? No... but for some reason I am not even interested... I turned it off when a Board cant fire the MD for sub-par performance... then how does a shareholder fire the Board or MD? Heck, she was not even fired but the contract was not renewed! I will stick to Jubilee... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sheep		#39 Posted : Friday, June 25, 2010 11:16:18 AM
Rank: Veteran Joined: 7/24/2008 Posts: 781		their Balance sheet seems ok...I am betting there will be a change in management soon...and the company will have a new lease of life and so will the stock...a buy for me. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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VituVingiSana		#40 Posted : Friday, June 25, 2010 11:23:48 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi		Check out Williamson & Kapchorua... Huge profits! EPS of 96 (W) & 36 (K) Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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