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Kenya Re - what gives?
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Spikes wrote:obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. pre·car·i·ous prəˈkerēəs/ adjective 1. not securely held or in position; dangerously likely to fall or collapse. "a precarious ladder" 2. dependent on chance; uncertain. "she made a precarious living by writing" Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Pesa Nane wrote:Spikes wrote:obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. pre·car·i·ous prəˈkerēəs/ adjective 1. not securely held or in position; dangerously likely to fall or collapse. "a precarious ladder" 2. dependent on chance; uncertain. "she made a precarious living by writing" I know... You've been conditioned to think not beyond what your English teacher taught you. No wonder education experts have rolled out an overhaul of the system to weed out elimu ya kukariri.... Not even a single A was registered in English after the 2016 KCSE exams. .....I'll send you to Matiang'i for reevaluation. ..I'm quite skeptical about your qualifications. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Spikes wrote:Pesa Nane wrote:Spikes wrote:obiero wrote:Ericsson wrote:I see KK, KQ, Unga being discussed here yet thread is for kenya Re.
Where is sparkly to make the noise I agree.. This is out of order This thread is precariously out of course. pre·car·i·ous prəˈkerēəs/ adjective 1. not securely held or in position; dangerously likely to fall or collapse. "a precarious ladder" 2. dependent on chance; uncertain. "she made a precarious living by writing" I know... You've been conditioned to think not beyond what your English teacher taught you. No wonder education experts have rolled out an overhaul of the system to weed out elimu ya kukariri.... Not even a single A was registered in English after the 2016 KCSE exams. .....I'll send you to Matiang'i for reevaluation. .. I'm quite skeptical about your qualifications.  Since my English qualifications are also suspect, here: "gnothi seauton"
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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I like the way I'm leaving guys uncomfortable coz I'm here to expose the rot in 8-4-4 system. It is good to feel irritated because your wrong foundations are challenged. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,388 Location: Nairobi
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The current management is IMHO decent enough. This is a firm that I would be comfortable with if it delisted. Eventually, [as long as the KE politicians stay away] this firm will pop. I don't care about the share price as long as the profits roll in. When GoK is ready to give up the majority control/ownership to someone else then expect a takeover bid. I don't see this happening until after 2022 but let the profits roll in. If I has KES 15bn, and connections at GoK, I would buy this firm up lock, stock and barrel. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,341 Location: nairobi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=obiero]a company on the edge http://www.businessdaily...0758-umjilrz/index.html[/quote] Where is the edge? Quote:A.M. Best said it expects Kenya Re to continue making good profits over the medium term, supported by mandatory cessions in Kenya’s market, whilst investment returns, which have been exceptionally high in recent years, may come under downward pressure.
Kenya Re’s local concessions, which guarantees the firm 20 per cent of Kenya’s re-insurance premiums, was renewed last year for a further five-year period.
It expects more profit from concessions arising from covering the multibillion marine insurance. Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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sparkly wrote:[quote=obiero]a company on the edge http://www.businessdaily...0758-umjilrz/index.html[/quote] Where is the edge? Quote:A.M. Best said it expects Kenya Re to continue making good profits over the medium term, supported by mandatory cessions in Kenya’s market, whilst investment returns, which have been exceptionally high in recent years, may come under downward pressure.
Kenya Re’s local concessions, which guarantees the firm 20 per cent of Kenya’s re-insurance premiums, was renewed last year for a further five-year period.
It expects more profit from concessions arising from covering the multibillion marine insurance. No problem at all.Just the nature of the re-insurance business!let him give us any near alternative? britam? liberty? sanlam? cic? a big NO at the moment. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,827 Location: NAIROBI
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“Kenya Re’s operating results during the first nine months of 2016 were ahead of those achieved during the same period of 2015" In light of Kenya-Re's need for more capital coupled with its almost "dislike" for borrowed funds, I would venture to say that I envisage an issuing of bonus shares. A 2011 deja vu experience might very well be in the offing for the stockholders. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,388 Location: Nairobi
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Ericsson wrote:“Kenya Re’s operating results during the first nine months of 2016 were ahead of those achieved during the same period of 2015"
In light of Kenya-Re's need for more capital coupled with its almost "dislike" for borrowed funds, I would venture to say that I envisage an issuing of bonus shares. A 2011 deja vu experience might very well be in the offing for the stockholders. Bonus shares add no value but simply a movement of numbers from one line to another. Solid firm. I wish we had more firms like these and none like those making billions in losses year after year Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kenya Re - what gives?
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