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Kenya Re - what gives?
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Horton wrote:mulla wrote:VituVingiSana wrote:Quality firm. I'll buy more!
Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
Highly undervalued stock. Very lethargic with regards to share price movement. This is one of those stocks that is hibernating, but on the day investors decide that it needs to catch up with its brothers value wise, capital gains will be immense. It should be trading at minimum 40/= if its to catch up with its peers. Value trap A wanting business model.. But I wish the investors all the best
KQ ABP 4.26
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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The beauty of wazua...to each his own conviction. Reminds me of the saying...we all look at the same stars but each sees a different thing.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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winston wrote:The beauty of wazua...to each his own conviction. Reminds me of the saying...we all look at the same stars but each sees a different thing. Soo true
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:Horton wrote:mulla wrote:VituVingiSana wrote:Quality firm. I'll buy more!
Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
Highly undervalued stock. Very lethargic with regards to share price movement. This is one of those stocks that is hibernating, but on the day investors decide that it needs to catch up with its brothers value wise, capital gains will be immense. It should be trading at minimum 40/= if its to catch up with its peers. Value trap A wanting business model.. But I wish the investors all the best Reinsurance is easy money. Not sexy but very easy money. I love such businesses. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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The company has benefitted shareholders more than others which have sucked and drained them 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:The company has benefitted shareholders more than others which have sucked and drained them In terms of return on capital, I doubt that the company could make it in the top 20 of NSE firms over the last 10years.. But as said here by a wise wazuan, to each his own
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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It's up more than 280%. I bet there are less than 10 firms which have accomplished that. It’s even done better than the second in rank in terms of mkt cap 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:It's up more than 280%.
I bet there are less than 10 firms which have accomplished that.
It’s even done better than the second in rank in terms of mkt cap Up 280% in which span of years? What has been the return of EQTY, KCB, COOP, SCOM, DTB, KAKUZI, WTK, CIC, CFC, KENO..
KQ ABP 4.26
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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sparkly wrote:obiero wrote:Horton wrote:mulla wrote:VituVingiSana wrote:Quality firm. I'll buy more!
Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
Highly undervalued stock. Very lethargic with regards to share price movement. This is one of those stocks that is hibernating, but on the day investors decide that it needs to catch up with its brothers value wise, capital gains will be immense. It should be trading at minimum 40/= if its to catch up with its peers. Value trap A wanting business model.. But I wish the investors all the best Reinsurance is easy money. Not sexy but very easy money. I love such businesses. I agree. It's easy money. However, I'm not so sure management are great at what they do, I feel there are too many propped up profits YoY by revaluation reserves, lack of innovation and lack of the drive factor. I bet u 50 bob if the mandatory cessation was lifted, this firm will run into losses in its current form. Please don't mistake this for Berkshire. Buffett and Munger are legends as we all agree. These chaps at KNRE are just too lethargic. Nonetheless, this should be a good year for KNRE due to NSE performance
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Horton wrote:sparkly wrote:obiero wrote:Horton wrote:mulla wrote:VituVingiSana wrote:Quality firm. I'll buy more!
Warren Buffett: “Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
Highly undervalued stock. Very lethargic with regards to share price movement. This is one of those stocks that is hibernating, but on the day investors decide that it needs to catch up with its brothers value wise, capital gains will be immense. It should be trading at minimum 40/= if its to catch up with its peers. Value trap A wanting business model.. But I wish the investors all the best Reinsurance is easy money. Not sexy but very easy money. I love such businesses. I agree. It's easy money. However, I'm not so sure management are great at what they do, I feel there are too many propped up profits YoY by revaluation reserves, lack of innovation and lack of the drive factor. I bet u 50 bob if the mandatory cessation was lifted, this firm will run into losses in its current form. Please don't mistake this for Berkshire. Buffett and Munger are legends as we all agree. These chaps at KNRE are just too lethargic. Nonetheless, this should be a good year for KNRE due to NSE performance The year isn't over boss.. Plus I couldn't agree more about the lazy business model
KQ ABP 4.26
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