wazua Sat, Mar 21, 2026
Welcome Guest Search | Active Topics | Log In

81 Pages«<4546474849>»
KenyaRe FY19 - FY23 (Both Inclusive)
Options
Previous Topic · Next Topic
Angelica _ann
#461 Posted : Sunday, May 24, 2020 6:34:17 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
sparkly wrote:
heri wrote:
i hope this is not among the assets in kenya Re's Bal sheet

https://www.nation.co.ke...twitter_impression=true

Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract


I am lost in the story. What are the facts?:

1. Kenya re was sold fake 97 Acres of land for 550m by KANU mt. Kenya mafia i.e. all 550m lost; or
2. Kenya re bought 97 acres which included 5 Acre Karura land i.e. Kenya Re was only conned 5 acres but has genuine 92 acres?


Scenario 1; Kenya Re has a fake title and therefore lost everything ..... if the story is true, which I think it is.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
Ericsson
#462 Posted : Sunday, May 24, 2020 9:27:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
sparkly wrote:
heri wrote:
i hope this is not among the assets in kenya Re's Bal sheet

https://www.nation.co.ke...twitter_impression=true

Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract


I am lost in the story. What are the facts?:

1. Kenya re was sold fake 97 Acres of land for 550m by KANU mt. Kenya mafia i.e. all 550m lost; or
2. Kenya re bought 97 acres which included 5 Acre Karura land i.e. Kenya Re was only conned 5 acres but has genuine 92 acres?


Scenario 1; Kenya Re has a fake title and therefore lost everything ..... if the story is true, which I think it is.


Scenario 2;If DCI has his way SK Macharia will be declared bankrupt/insolvent if he's found guilty/unable to raise the money.His Royal media empire taken over by powerful forces
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  | | Edit by user: Sunday, May 24, 2020 9:28 PM | Reason: Not specified
VituVingiSana
#463 Posted : Monday, May 25, 2020 1:48:39 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Angelica _ann wrote:
sparkly wrote:
heri wrote:
i hope this is not among the assets in kenya Re's Bal sheet

https://www.nation.co.ke...twitter_impression=true

Kenya Re has made a counterclaim against Scenaries Limited, asking for a fresh transfer of the title for the parcel it bought, or else the firm should pay Kenya Re Sh6.5 billion and damages for breach of contract


I am lost in the story. What are the facts?:

1. Kenya re was sold fake 97 Acres of land for 550m by KANU mt. Kenya mafia i.e. all 550m lost; or
2. Kenya re bought 97 acres which included 5 Acre Karura land i.e. Kenya Re was only conned 5 acres but has genuine 92 acres?


Scenario 1; Kenya Re has a fake title and therefore lost everything ..... if the story is true, which I think it is.


Scenario 2;If DCI has his way SK Macharia will be declared bankrupt/insolvent if he's found guilty/unable to raise the money.His Royal media empire taken over by powerful forces

Kenya Re is not at risk. This is an old case which has been in the news/papers earlier.

Prudently, Kenya Re should have, and probably has, removed it from its assets until there is a final resolution. It's like writing down an asset.

Kenya Re will eventually get a judgement against Scenaries Ltd or a new "clean" title for the land.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
VituVingiSana
#464 Posted : Monday, May 25, 2020 1:53:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
This Karura land matter has been ongoing for years. Wachana na kelele ya chura. Kenya Re cannot lose any more except for lawyers' fees but can get upto 6.5bn in value though this can take many, many years.

https://abacus.co.ke/new...ver-prime-nairobi-land/

From the 2018 Annual Report
43. INVENTORY PROPERTY – GROUP and COMPANY
Cost: 918,077,000
Less: Impairment provision (918,077,000)

There was no movement in impairment provision for inventory. The impairment allowance mainly relates to inventory properties that are currently in dispute and are subject to ongoing court cases.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  | | Edit by user: Monday, May 25, 2020 1:57 AM | Reason: Not specified
heri
#465 Posted : Monday, June 08, 2020 5:47:00 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
https://citizentv.co.ke/...vid-19-pandemic-334859/

Regional based re-insurer Kenya-Re has projected a Ksh.1 billion revenue hit from increased claims and rebates on premiums as businesses globally seek to negotiate their contracts with underwriters and re-insurers.

According to Kenya Re Managing Director Mr. Jadiah Mwarania, the five per cent hit will be ‘the worst case scenario’ for the corporation in the wake of anticipated business losses occasioned by the pandemic.
Back to top
WWW
  |
Ericsson
#466 Posted : Tuesday, June 09, 2020 6:52:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.reinsurancen...s-loss-due-to-pandemic/

Good financial reporting and forecasting
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#467 Posted : Friday, June 12, 2020 8:40:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Dividend book closure was today
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
sparkly
#468 Posted : Saturday, June 13, 2020 9:00:19 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Dividend book closure was today


What is the payment date for our 10 cents?
Life is short. Live passionately.
Back to top
  |
Ericsson
#469 Posted : Saturday, June 13, 2020 9:01:53 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
Dividend book closure was today


What is the payment date for our 10 cents?


Subject to appointment of Auditor General.
A substantive holder is expected to be in place by July 1
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  | | Edit by user: Saturday, June 13, 2020 9:03 AM | Reason: Not specified
sparkly
#470 Posted : Saturday, June 13, 2020 9:45:16 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
Dividend book closure was today


What is the payment date for our 10 cents?


Subject to appointment of Auditor General.
A substantive holder is expected to be in place by July 1


Asante
Life is short. Live passionately.
Back to top
  |
81 Pages«<4546474849>»
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.