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KenyaRe FY19 - FY23 (Both Inclusive)

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Angelica _ann		#471 Posted : Saturday, June 13, 2020 10:11:01 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		sparkly wrote: 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 July 1, won't happen considering the interviews are not yet done. 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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Ericsson		#472 Posted : Saturday, June 13, 2020 11:36:57 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Angelica _ann wrote: sparkly wrote: 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 July 1, won't happen considering the interviews are not yet done. Interviews ended last week June 3 and 4th Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#473 Posted : Saturday, June 13, 2020 11:48:47 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		Ericsson wrote: Angelica _ann wrote: sparkly wrote: 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 July 1, won't happen considering the interviews are not yet done. Interviews ended last week June 3 and 4th Haiya behind 'our' backs. Anyway let them appoint we move on. I guess it doesn't even matter anymore!!! 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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Ericsson		#474 Posted : Saturday, June 13, 2020 6:47:15 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Angelica _ann wrote: Ericsson wrote: Angelica _ann wrote: sparkly wrote: 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 July 1, won't happen considering the interviews are not yet done. Interviews ended last week June 3 and 4th Haiya behind 'our' backs. Anyway let them appoint we move on. I guess it doesn't even matter anymore!!! No it was on media wewe ndio hukusoma Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#475 Posted : Sunday, June 14, 2020 5:13:55 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		VituVingiSana wrote: young wrote: Ericsson wrote: Kenya Re FY 2019 my projection is an EPS of ksh.1 or Profit After Tax of ksh.2.8bn Dividend per share of ksh.0.25-0.3 post bonus issue. Price range post release of the FY2019 results ksh.7-8 "Kindly" expect 10 cent div next year with EPS of 65 cents. Reinsurance sector is at distress coupled with lack lustre GOK owned management . The Match: HT results/preview in Sep 2019 but final results TBA in Mar 2020 Contestants: Young vs Ericsson EPS: 0.65 vs 1.00 Dividend: 0.10 vs 0.25 @young Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#476 Posted : Thursday, June 18, 2020 10:26:13 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Kenya Re AGM postponement https://mobile.twitter.c...3153858131439620/photo/2 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#477 Posted : Thursday, June 18, 2020 2:11:09 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		[quote=Ericsson]Kenya Re AGM postponement https://mobile.twitter.c...153858131439620/photo/2[/quote] Is 10 cent dividend on course or is also postponed? Life is short. Live passionately.
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Ericsson		#478 Posted : Thursday, June 18, 2020 2:22:48 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		sparkly wrote: [quote=Ericsson]Kenya Re AGM postponement https://mobile.twitter.c...153858131439620/photo/2[/quote] https://pbs.twimg.com/me...at=jpg&name=360x360 Is 10 cent dividend on course or is also postponed? Also postponed. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#479 Posted : Friday, June 19, 2020 9:04:28 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: sparkly wrote: Ericsson wrote: FY2019 profit before tax increased by 35% from ksh.3.1bn to ksh.4.18bn due to high gross premiums written,significant growth in the share of profit from investment in associate in Zep Re and gains on revaluation of investment property. Asset base grew by 14% from ksh.44.36bn to 50.36bn The board of directors recommend a dividend of ksh.0.1 per share Link:https://www.nse.co.ke/listed-companies/company-announcements/issuer-announcements.html 10 cents, what a joke! The stated EPS is 2.55 but the there is a 2bn FV Gain on Revaluation. Any info? The FV gain on revaluation was the Mbagathi way land. Part of it was sold to NLC and KURA for construction of the upper hill to mbagathi way link road which has been completed and open to motorists Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#480 Posted : Friday, June 19, 2020 9:09:50 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: 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. In their financial statements/books,they have stopped listing ownership of the parcel of land Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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