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KenyaRe FY19 - FY23 (Both Inclusive)
Ericsson
#541 Posted : Friday, October 09, 2020 11:48:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Balaa wrote:
AGM currently in session.


Any good news that has been said?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Balaa
#542 Posted : Friday, October 09, 2020 12:23:04 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Ericsson wrote:
Balaa wrote:
AGM currently in session.


Any good news that has been said?


Nothing that we haven't heard/read about in the press before. A.Chami doing his thing, as usual. Directors painting positive picture about the future despite Covid-19 impact. Not the kind of doom-and-gloom vibe we're used to hearing from @Williamson Tea BoD.
Directors have hinted maintaining the company dividend policy. They projecting a bright future. They forsee increased pressure though in primary markets but believe coy is well positioned to fight for pole position, particularly in secondary market.
If it don't make dollars, it don't make sense
kangi
#543 Posted : Friday, October 09, 2020 12:44:02 PM
Rank: Member

Joined: 7/23/2009
Posts: 526
Balaa wrote:
Ericsson wrote:
Balaa wrote:
AGM currently in session.


Any good news that has been said?


Nothing that we haven't heard/read about in the press before. A.Chami doing his thing, as usual. Directors painting positive picture about the future despite Covid-19 impact. Not the kind of doom-and-gloom vibe we're used to hearing from @Williamson Tea BoD.
Directors have hinted maintaining the company dividend policy. They projecting a bright future. They forsee increased pressure though in primary markets but believe coy is well positioned to fight for pole position, particularly in secondary market.


Seems there a lot of guys who want to be directors of the company with only three vacancies. Some of them well over 70 years.
Accept no one's definition of your life; define your life.
Ericsson
#544 Posted : Friday, October 09, 2020 12:48:28 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Balaa wrote:
Ericsson wrote:
Balaa wrote:
AGM currently in session.


Any good news that has been said?


Nothing that we haven't heard/read about in the press before. A.Chami doing his thing, as usual. Directors painting positive picture about the future despite Covid-19 impact. Not the kind of doom-and-gloom vibe we're used to hearing from @Williamson Tea BoD.
Directors have hinted maintaining the company dividend policy. They projecting a bright future. They forsee increased pressure though in primary markets but believe coy is well positioned to fight for pole position, particularly in secondary market.


The dividend needs to be hiked, it's being on a downward trend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
heri
#545 Posted : Monday, October 12, 2020 9:58:28 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?
babashuge
#546 Posted : Monday, October 12, 2020 2:01:49 PM
Rank: New-farer

Joined: 1/4/2019
Posts: 69
Location: Nairobi
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?


following..
Ericsson
#547 Posted : Tuesday, October 13, 2020 7:27:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
babashuge wrote:
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?


following..


Kenya Re doesn't receive funding from treasury.
What companies that don't receive funding from treasury did was to hike dividend.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#548 Posted : Tuesday, October 13, 2020 7:51:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?

Kenya Re is 60% owned by GoK.
It would be wrong (not sure about the constitutional/legal aspect) of GoK to expropriate 100% of cash/bonds held by Kenya Re.

The appropriate method would be to ask Kenya Re to pay out a dividend from "excess reserves", if any, to ALL shareholders.

The "special" dividend should not starve Kenya Re of reserves it needs to continue growing or cause any financial difficulty.

GoK will get:
- 60% of the total dividend
- W/Tax from the other 40%

If Kenya Re doesn't have the cash to pay GoK the 60% then it can always, if agreed beforehand, transfer the equivalent, at a fair/market valuation, in T-Bills and T-Bonds.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
heri
#549 Posted : Tuesday, October 13, 2020 9:18:11 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
babashuge wrote:
heri wrote:
With regards to the Treasury demand that state corporations surrender all excess cash, where did that leave Kenya RE?


following..


Kenya Re doesn't receive funding from treasury.
What companies that don't receive funding from treasury did was to hike dividend.


Would have been awesome if they had hiked the dividend


Ericsson
#550 Posted : Sunday, October 18, 2020 8:14:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
81 Pages«<5354555657>»
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