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Kenya Re HY16
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Kenya Re doesn't have exposure in Europe, North America and the likes of Australia and new Zealand. That was said by the CEO. Reason given that Kenya re sovereign rating is benchmarked using Kenya's. Kenya sovereign rating to the mentioned countries is poor hence affecting kenya re's to those countries. Hence they can't reinsure. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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@VVS Share price hits all time high Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Ericsson wrote:@VVS
Share price hits all time high The post election share, running high on fear. Good run @vvs
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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obiero wrote:Ericsson wrote:@VVS
Share price hits all time high The post election share, running high on fear. Good run @vvs Asante BUT not my preference. I buy when I can. I'd rather have the share price stay "low" and the firm's performance remains high as long as I am a net buyer. When I am ready to sell [not anytime soon as long as the management performs] then I'd like to see the price catch up [& surpass] the intrinsic value! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:obiero wrote:Ericsson wrote:@VVS
Share price hits all time high The post election share, running high on fear. Good run @vvs Asante BUT not my preference. I buy when I can. I'd rather have the share price stay "low" and the firm's performance remains high as long as I am a net buyer. When I am ready to sell [not anytime soon as long as the management performs] then I'd like to see the price catch up [& surpass] the intrinsic value! @Chief what do you reckon is the intrinsic value of this darling stock? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:obiero wrote:Ericsson wrote:@VVS
Share price hits all time high The post election share, running high on fear. Good run @vvs Asante BUT not my preference. I buy when I can. I'd rather have the share price stay "low" and the firm's performance remains high as long as I am a net buyer. When I am ready to sell [not anytime soon as long as the management performs] then I'd like to see the price catch up [& surpass] the intrinsic value! @Chief what do you reckon is the intrinsic value of this darling stock? 35 [in 2016]. At the current rate of profitability & expansion (ceteris paribus) I think 40 by Dec 2018. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/24/2008 Posts: 112
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I understand that Kenya-Re now holds a 20% or thereabouts stake in ZEP-Re.
Are they competitors?
Anyone know whether they share common facilities/resources in the countries in which they have a physical presence i.e. Kenya, Zambia and Ivory Coast?
In my view in would be in the interest of the GoK to urgently seek to divest a significant stake to a 'strategic investor' (Munich Re, Swiss Re, Lloyd's, Gen Re (part of Berkshire Hathaway), Zurich Re, China Re etc spring to mind) so as the 'true' value of this company can be obtained....
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Elephant Man wrote:I understand that Kenya-Re now holds a 20% or thereabouts stake in ZEP-Re.
Are they competitors?
Anyone know whether they share common facilities/resources in the countries in which they have a physical presence i.e. Kenya, Zambia and Ivory Coast?
In my view in would be in the interest of the GoK to urgently seek to divest a significant stake to a 'strategic investor' (Munich Re, Swiss Re, Lloyd's, Gen Re (part of Berkshire Hathaway), Zurich Re, China Re etc spring to mind) so as the 'true' value of this company can be obtained.... Yes, now that KenRe is going "regional" they are competitors BUT ZepRe is a "transnational" that has goodwill [thanks to the ownership structure] that KenRe doesn't have in many markets. ZepRe has many government & quasi-government shareholders. In Kenya, ZepRe has it own offices in Upper Hill. No idea about the other countries. Yes, KenRe needs a strategic investor who, hopefully, pays "intrinsic" value to acquire shares in KenRe. Offer me 35/- today and my shares are yours! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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VituVingiSana wrote:Elephant Man wrote:I understand that Kenya-Re now holds a 20% or thereabouts stake in ZEP-Re.
Are they competitors?
Anyone know whether they share common facilities/resources in the countries in which they have a physical presence i.e. Kenya, Zambia and Ivory Coast?
In my view in would be in the interest of the GoK to urgently seek to divest a significant stake to a 'strategic investor' (Munich Re, Swiss Re, Lloyd's, Gen Re (part of Berkshire Hathaway), Zurich Re, China Re etc spring to mind) so as the 'true' value of this company can be obtained.... Yes, now that KenRe is going "regional" they are competitors BUT ZepRe is a "transnational" that has goodwill [thanks to the ownership structure] that KenRe doesn't have in many markets. ZepRe has many government & quasi-government shareholders. In Kenya, ZepRe has it own offices in Upper Hill. No idea about the other countries. Yes, KenRe needs a strategic investor who, hopefully, pays "intrinsic" value to acquire shares in KenRe. Offer me 35/- today and my shares are yours! This is the only reason I dont buy the shares of this counter. Despite the good performance, the value remains locked because GoK owns 60% of the business. When GoK decides to offload (to less than 40%)Safaricom style, which may take forever, I will buy in bulk. Until then, I will watch from the sidelines.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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Mkondoa Macho wrote:VituVingiSana wrote:Elephant Man wrote:I understand that Kenya-Re now holds a 20% or thereabouts stake in ZEP-Re.
Are they competitors?
Anyone know whether they share common facilities/resources in the countries in which they have a physical presence i.e. Kenya, Zambia and Ivory Coast?
In my view in would be in the interest of the GoK to urgently seek to divest a significant stake to a 'strategic investor' (Munich Re, Swiss Re, Lloyd's, Gen Re (part of Berkshire Hathaway), Zurich Re, China Re etc spring to mind) so as the 'true' value of this company can be obtained.... Yes, now that KenRe is going "regional" they are competitors BUT ZepRe is a "transnational" that has goodwill [thanks to the ownership structure] that KenRe doesn't have in many markets. ZepRe has many government & quasi-government shareholders. In Kenya, ZepRe has it own offices in Upper Hill. No idea about the other countries. Yes, KenRe needs a strategic investor who, hopefully, pays "intrinsic" value to acquire shares in KenRe. Offer me 35/- today and my shares are yours! This is the only reason I dont buy the shares of this counter. Despite the good performance, the value remains locked because GoK owns 60% of the business. When GoK decides to offload (to less than 40%)Safaricom style, which may take forever, I will buy in bulk. Until then, I will watch from the sidelines. Yes, that is why the share is cheap i.e. GoK's 60%. My only significant GoK-controlled holding. I tread carefully. The day I get spooked, I will sell and @Obiero style... let you know after I have sold.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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