Kenya Re - what gives? - Page 47 - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » Kenya Re - what gives?

Kenya Re - what gives?

Options

Previous Topic · Next Topic

VituVingiSana		#461 Posted : Tuesday, January 05, 2016 7:25:11 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: mlennyma wrote: Othelo wrote: Looks like it has defied both resistance and support & decided to come back and get wanjiku to board!!!!! since the release of that insurance report by AKI this share applied some breaks The stock was driving on empty. A thrilling feeling, but dangerous! :) Do you mean coz it has been profitable since 2012? Indeed, uchumi and eapc were 'profitable' too, until the same were restated.. Usione nyani amevaa tie udhani ni binadamu! Uchumi and EAPCC are GoK (influenced) firms as is KenRe but as I have said many a time... I trust the MD but I watch it as closely as I can. I remain distrustful of GoK controlled/influenced firms. My CAUTIOUS EXCEPTION is KenRe. 2017 is approaching and the vault at KenRe is full to the brim, with no debt at all.. What happens next?? @Obiero - If the current MD is fired. Or leaves. Or there is a significant change I do not like... I am out of KenRe. I screwed up with Olympia [I refused to see the signs of theft], KQ [I refused to believe the facts some Wazuans were sharing of declining performance], KK [when the company was going into overdrive expansion & debt], KPLC [when ERC/GoK reneged on the triennial tariff review], etc. I hope I have learnt enough to say enough is enough & say bye to KenRe. There are some sweet replacements including Britam if the price falls even further. Or move more into another bank eg Equity or buy KCB at the 'right' price. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\| \| Edit by user: Tuesday, January 05, 2016 7:26 PM \| Reason: Not specified
User Profile

obiero		#462 Posted : Tuesday, January 05, 2016 7:56:47 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: mlennyma wrote: Othelo wrote: Looks like it has defied both resistance and support & decided to come back and get wanjiku to board!!!!! since the release of that insurance report by AKI this share applied some breaks The stock was driving on empty. A thrilling feeling, but dangerous! :) Do you mean coz it has been profitable since 2012? Indeed, uchumi and eapc were 'profitable' too, until the same were restated.. Usione nyani amevaa tie udhani ni binadamu! Uchumi and EAPCC are GoK (influenced) firms as is KenRe but as I have said many a time... I trust the MD but I watch it as closely as I can. I remain distrustful of GoK controlled/influenced firms. My CAUTIOUS EXCEPTION is KenRe. 2017 is approaching and the vault at KenRe is full to the brim, with no debt at all.. What happens next?? @Obiero - If the current MD is fired. Or leaves. Or there is a significant change I do not like... I am out of KenRe. I screwed up with Olympia [I refused to see the signs of theft], KQ [I refused to believe the facts some Wazuans were sharing of declining performance], KK [when the company was going into overdrive expansion & debt], KPLC [when ERC/GoK reneged on the triennial tariff review], etc. I hope I have learnt enough to say enough is enough & say bye to KenRe. There are some sweet replacements including Britam if the price falls even further. Or move more into another bank eg Equity or buy KCB at the 'right' price. Britam ndio baba ya wafisadi.. Afadhali urudi KQ which is now operationally sound KQ ABP 4.26
Back to top		WWW \|
User Profile

VituVingiSana		#463 Posted : Tuesday, January 05, 2016 9:28:15 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: mlennyma wrote: Othelo wrote: Looks like it has defied both resistance and support & decided to come back and get wanjiku to board!!!!! since the release of that insurance report by AKI this share applied some breaks The stock was driving on empty. A thrilling feeling, but dangerous! :) Do you mean coz it has been profitable since 2012? Indeed, uchumi and eapc were 'profitable' too, until the same were restated.. Usione nyani amevaa tie udhani ni binadamu! Uchumi and EAPCC are GoK (influenced) firms as is KenRe but as I have said many a time... I trust the MD but I watch it as closely as I can. I remain distrustful of GoK controlled/influenced firms. My CAUTIOUS EXCEPTION is KenRe. 2017 is approaching and the vault at KenRe is full to the brim, with no debt at all.. What happens next?? @Obiero - If the current MD is fired. Or leaves. Or there is a significant change I do not like... I am out of KenRe. I screwed up with Olympia [I refused to see the signs of theft], KQ [I refused to believe the facts some Wazuans were sharing of declining performance], KK [when the company was going into overdrive expansion & debt], KPLC [when ERC/GoK reneged on the triennial tariff review], etc. I hope I have learnt enough to say enough is enough & say bye to KenRe. There are some sweet replacements including Britam if the price falls even further. Or move more into another bank eg Equity or buy KCB at the 'right' price. Britam ndio baba ya wafisadi.. Afadhali urudi KQ which is now operationally sound @Obiero - If I could divorce or remove the "Naikuni/Mbugua KQ" from "Mbuvi KQ" then I would look at KQ but that is not currently possible. The 32bn NEGATIVE Equity is a hole that is going to take years to fill. Even if KQ made PAT of 3bn/year I'd have to wait until 2027. Britam - I am looking at the right [lower] price to enter as long as it meets my other criteria including QUALITY MANAGEMENT. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

murchr		#464 Posted : Monday, June 20, 2016 11:33:31 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Kenya Re has acquired an additional 4.44 per cent stake in Zep-Re for Sh1.3 billion, cementing its position as the single-largest shareholder in the Nairobi-based reinsurer. The move has raised the Nairobi Securities Exchange-listed firm’s interest in Zep-Re to 19.88 per cent from the previous 15.44 per cent. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\|
User Profile

Goldilocks Reloaded		#465 Posted : Tuesday, June 21, 2016 2:30:09 PM
Rank: Member Joined: 1/14/2014 Posts: 178		murchr wrote: Kenya Re has acquired an additional 4.44 per cent stake in Zep-Re for Sh1.3 billion, cementing its position as the single-largest shareholder in the Nairobi-based reinsurer. The move has raised the Nairobi Securities Exchange-listed firm’s interest in Zep-Re to 19.88 per cent from the previous 15.44 per cent. This is a good MBUS to ride on. However capital gains on price are hard to come by so needs balls of steel. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Back to top		\|
User Profile

VituVingiSana		#466 Posted : Thursday, June 30, 2016 6:50:16 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		Good for KenRe as more maritime insurance gets placed locally http://www.businessdaily...84/-/62apjq/-/index.html Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

MadDoc		#467 Posted : Tuesday, January 24, 2017 10:41:54 AM
Rank: Member Joined: 10/26/2015 Posts: 151		Anyone with clues on the current drop in share price?
Back to top		\|
User Profile

obiero		#468 Posted : Tuesday, January 24, 2017 11:01:47 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		MadDoc wrote: Anyone with clues on the current drop in share price? The same reason it went up.. Nothing tangible!! KQ ABP 4.26
Back to top		WWW \|
User Profile

MadDoc		#469 Posted : Tuesday, January 24, 2017 1:52:52 PM
Rank: Member Joined: 10/26/2015 Posts: 151		obiero wrote: MadDoc wrote: Anyone with clues on the current drop in share price? The same reason it went up.. Nothing tangible!! ii yako ni chuki
Back to top		\|
User Profile

VituVingiSana		#470 Posted : Tuesday, January 24, 2017 3:21:47 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		KenRe is not for those who want fast returns. It's a moneymaker that requires lots of patience. It will not double in 2 years but has a consistent profitability over the medium to long term. Eventually it will be taken over by a strategic investor. Patience is key. Meanwhile enjoy the dividend. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		\|
User Profile

60 Pages«<4546474849>»

Wazua » Investor » Stocks » Kenya Re - what gives?

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded