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Kenya Re - what gives?
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus  No, coz now I only buy solid firms that make profits. No speculative stuff. Olympia = conmen like Michael Matu. I sold out 3 years ago. KQ = Thieves. I I sold out in 2012. I&M, KenRe, KK [core holdings] = They are all profitable, pay dividends and have cash. Not +100% firms but I am a Warren Buffett follower. WB says buy value and good governance. So that's what I try to do. @VVS do what you know is best. There is a difference between speculators and investors. Investors always come thru. One thing i dont like about this stock though is timidness fof management.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Horton wrote:VituVingiSana wrote:obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KENO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus No, coz now I only buy solid firms that make profits. No speculative stuff. Olympia = conmen like Michael Matu. I sold out 3 years ago. KQ = Thieves. I I sold out in 2012. I&M, KenRe, KK [core holdings] = They are all profitable, pay dividends and have cash. Not +100% firms but I am a Warren Buffett follower. WB says buy value and good governance. So that's what I try to do. @VVS do what you know is best. There is a difference between speculators and investors. Investors always come thru. One thing i dont like about this stock though is timidness fof management. Rule #1 : Don't lose money [the business. Share price fluctuations are irrelevant in the long-term when the shares are bought at fair or cheap prices vs values] Rule #2 : Look at rule #1 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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obiero wrote:We know that you thrive at making losses in the NSE.. From I&M, Olympia, KQ, KE NO, KENRE.. Sorry to ask, but have you ever made a monumental return in any of your holdings.. Like 100% plus Since he is a long term investor,the best way to ask him is if at the end of last year;what was his annual returns in his portfolio as to a) dividends b) capital gains Towards the goal of financial freedom
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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In one day it's up to 20. This counter behaves like safaricom
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Obiero has gone quiet Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage  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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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Angelica _ann wrote:Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage Even pricewise they are together (safaricom and Kenya Re).No one leaves the other far away. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Ericsson wrote:Angelica _ann wrote:Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage Even pricewise they are together (safaricom and Kenya Re).No one leaves the other far away. Hahaha
KQ ABP 4.26
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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obiero wrote:Ericsson wrote:Angelica _ann wrote:Anytime this thing comes to 18bob better buy in loads because it will take off just like Safcom from 5 bob and you will be left with wishful thinking at the stage Even pricewise they are together (safaricom and Kenya Re).No one leaves the other far away. Hahaha Ni kama bibinabwana  Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf
Page 30 for market share info
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Kenya Re - what gives?
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