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Kenya Re - what gives?
Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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what gives you any confidence?
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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heri wrote:what gives you any confidence? If you buy an acre of land in the heart of Karen at Kshs. 5 million (2013) and two years later there are some people still selling at Kshs. 5m, would you be disappointed? Value vs Price. People eventually notice the VALUE of a company. Even if it takes time! Then the price goes through the roof. The longer they take to notice, the better for you. You simply keep accumulating. people who could not touch Safaricom at Kshs. 2.x have been busy chasing the same share at 16/=. 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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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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MaichBlack wrote:[quote=heri]what gives you any confidence? If you buy an acre of land in the heart of Karen at Kshs. 5 million (2013) and two years later there are some people still selling at Kshs. 5m, would you be disappointed? Value vs Price. People eventually notice the VALUE of a company. Even if it takes time! Then the price goes through the roof. The longer they take to notice, the better for you. You simply keep accumulating. people who could not touch Safaricom at Kshs. 2.x have been busy chasing the same share at 16/=.
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/15/2013 Posts: 301
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VituVingiSana wrote:If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Boss,what does this have to do with Kenya Re??
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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mulla wrote:VituVingiSana wrote:If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Boss,what does this have to do with Kenya Re?? Posting under influence!!  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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Boris Boyka wrote:mulla wrote:VituVingiSana wrote:If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Boss,what does this have to do with Kenya Re?? Posting under influence!! LMAO, I read REA instead of Kenya Re! I missed out on REA but I hope I do not miss out on Kenya Re when someone tries to take it over! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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VituVingiSana wrote:Boris Boyka wrote:mulla wrote:VituVingiSana wrote:If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Boss,what does this have to do with Kenya Re?? Posting under influence!! LMAO, I read REA instead of Kenya Re! I missed out on REA but I hope I do not miss out on Kenya Re when someone tries to take it over! Still going down after i bought at 18.50. How low can this go? instead of up, its down
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Rank: Member Joined: 3/26/2012 Posts: 830
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heri wrote:VituVingiSana wrote:Boris Boyka wrote:mulla wrote:VituVingiSana wrote:If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Boss,what does this have to do with Kenya Re?? Posting under influence!! LMAO, I read REA instead of Kenya Re! I missed out on REA but I hope I do not miss out on Kenya Re when someone tries to take it over! Still going down after i bought at 18.50. How low can this go? instead of up, its down I am currently strategizing on accumulating Kenya Re, KPLC and Unga...think long term and dont sell. This company is a huge bargain. Think about it this way, the company is growing profits at a commendable rate, there are no bad news regarding the company, the valuation is heavily discounted and the government guaranteed its business to 2020. Any price decline is due to market irrationality, so take it positively and accumulate more because you are getting a good deal at an even better price. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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S.Mutaga III wrote:heri wrote:VituVingiSana wrote:Boris Boyka wrote:mulla wrote:VituVingiSana wrote:If you have REA shares, give thanks to Kirubu, Mworia and Centum. The Robinows were going to pay 40. Now they have to pay 85. Boss,what does this have to do with Kenya Re?? Posting under influence!! LMAO, I read REA instead of Kenya Re! I missed out on REA but I hope I do not miss out on Kenya Re when someone tries to take it over! Still going down after i bought at 18.50. How low can this go? instead of up, its down I am currently strategizing on accumulating Kenya Re, KPLC and Unga...think long term and dont sell. This company is a huge bargain. Think about it this way, the company is growing profits at a commendable rate, there are no bad news regarding the company, the valuation is heavily discounted and the government guaranteed its business to 2020. Any price decline is due to market irrationality, so take it positively and accumulate more because you are getting a good deal at an even better price. i will consider buying more of Kenya Re. Though i find government controlled entities as quite risky. you never know what GOK will wake up and decide.
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Kenya Re - what gives?
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