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Ericsson		#571 Posted : Monday, September 11, 2017 1:35:57 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: 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.. @Obiero Up 280% in span of 10 years and consistent dividend. What are you basing your appreciation on. I'm looking at share price at that time and mkt cap. CIC wasn't listed at that time. Since listing the mkt cap valuation at date is yet to double. WTK not yet CFC nope Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#572 Posted : Thursday, October 12, 2017 9:42:34 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Maisha ni kupanda na kushuka KQ ABP 4.26
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VituVingiSana		#573 Posted : Friday, October 13, 2017 12:09:13 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Isorait to bash a firm that is profitable year in and year out! ;-) In the meantime, let KenRe make money! [2017 will be a tough year with all the negative economic drama going on] I take the long view [think Buffett] and to quote 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.” Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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murchr		#574 Posted : Friday, October 13, 2017 4:00:38 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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VituVingiSana		#575 Posted : Friday, October 13, 2017 11:59:17 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		murchr wrote: Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. Well put! My quotes/comments are often taken out of context by said questioner. I like KenRe currently but I will change my mind like I did with KQ if I smell something fishy. Firms have good and bad years but a good firm delivers over time. Warren Buffett has greatly influenced my investing style. He isn't always right, acknowledges errors and plods along making (usually) good investments with a long-term view. I hope to do the same. Not get rich quick schemes. I have written at length why I think KenRe is a good firm despite GoK's ownership/control BUT fishiness should not be tolerated. I also have Unga, which is in a tough industry, and took the decision to write-off huge Bad Debts in FY 2016-17. In addition, there was a write-down of goodwill too for Ennsvalley. Plus the write-down of the UG business. I like to see firms acknowledge screw-ups & learn from their errors. KK has been discussed as well and how Ohana has written off KPRL's debt owed to KK. So I hope KenRe also provides for past due debts [they say they have done so] beyond a reasonable period. It should also write-off all assets that aren't in KenRe's name e.g. shady land deals done in the past. KenRe should concentrate on high yielding bonds, cheap(er) shares & increasing profitable underwriting. Slow but steady. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ebenyo		#576 Posted : Friday, October 13, 2017 12:29:29 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		VituVingiSana wrote: murchr wrote: Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. Well put! My quotes/comments are often taken out of context by said questioner. I like KenRe currently but I will change my mind like I did with KQ if I smell something fishy. Firms have good and bad years but a good firm delivers over time. Warren Buffett has greatly influenced my investing style. He isn't always right, acknowledges errors and plods along making (usually) good investments with a long-term view. I hope to do the same. Not get rich quick schemes. I have written at length why I think KenRe is a good firm despite GoK's ownership/control BUT fishiness should not be tolerated. I also have Unga, which is in a tough industry, and took the decision to write-off huge Bad Debts in FY 2016-17. In addition, there was a write-down of goodwill too for Ennsvalley. Plus the write-down of the UG business. I like to see firms acknowledge screw-ups & learn from their errors. KK has been discussed as well and how Ohana has written off KPRL's debt owed to KK. So I hope KenRe also provides for past due debts [they say they have done so] beyond a reasonable period. It should also write-off all assets that aren't in KenRe's name e.g. shady land deals done in the past. KenRe should concentrate on high yielding bonds, cheap(er) shares & increasing profitable underwriting. Slow but steady. Well put narrative.Following your footsteps slowly in kenre and kenol.got scared with unga hy results and jumped out before full year results which didnt convince me.Otherwise you are doing well with your investment philosophy.Keep up that way.Wachana na hii watu ya kutafuta utajiri ya haraka.They will end up nowhere.Mali inakuja pole pole. Towards the goal of financial freedom
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obiero		#577 Posted : Friday, October 13, 2017 12:34:54 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Ebenyo wrote: VituVingiSana wrote: murchr wrote: Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. Well put! My quotes/comments are often taken out of context by said questioner. I like KenRe currently but I will change my mind like I did with KQ if I smell something fishy. Firms have good and bad years but a good firm delivers over time. Warren Buffett has greatly influenced my investing style. He isn't always right, acknowledges errors and plods along making (usually) good investments with a long-term view. I hope to do the same. Not get rich quick schemes. I have written at length why I think KenRe is a good firm despite GoK's ownership/control BUT fishiness should not be tolerated. I also have Unga, which is in a tough industry, and took the decision to write-off huge Bad Debts in FY 2016-17. In addition, there was a write-down of goodwill too for Ennsvalley. Plus the write-down of the UG business. I like to see firms acknowledge screw-ups & learn from their errors. KK has been discussed as well and how Ohana has written off KPRL's debt owed to KK. So I hope KenRe also provides for past due debts [they say they have done so] beyond a reasonable period. It should also write-off all assets that aren't in KenRe's name e.g. shady land deals done in the past. KenRe should concentrate on high yielding bonds, cheap(er) shares & increasing profitable underwriting. Slow but steady. Well put narrative.Following your footsteps slowly in kenre and kenol.got scared with unga hy results and jumped out before full year results which didnt convince me.Otherwise you are doing well with your investment philosophy.Keep up that way.Wachana na hii watu ya kutafuta utajiri ya haraka.They will end up nowhere.Mali inakuja pole pole. Watu maskini hupenda utajiri ije pole pole. Young people cannot apply @vvs investment philosophy. One will end up issuing an inheritance of 5,000 KENRE shares which will serve no good. Tutengeneza pesa haraka when still young KQ ABP 4.26
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obiero		#578 Posted : Friday, October 13, 2017 12:36:43 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Ebenyo wrote: VituVingiSana wrote: murchr wrote: Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. Well put! My quotes/comments are often taken out of context by said questioner. I like KenRe currently but I will change my mind like I did with KQ if I smell something fishy. Firms have good and bad years but a good firm delivers over time. Warren Buffett has greatly influenced my investing style. He isn't always right, acknowledges errors and plods along making (usually) good investments with a long-term view. I hope to do the same. Not get rich quick schemes. I have written at length why I think KenRe is a good firm despite GoK's ownership/control BUT fishiness should not be tolerated. I also have Unga, which is in a tough industry, and took the decision to write-off huge Bad Debts in FY 2016-17. In addition, there was a write-down of goodwill too for Ennsvalley. Plus the write-down of the UG business. I like to see firms acknowledge screw-ups & learn from their errors. KK has been discussed as well and how Ohana has written off KPRL's debt owed to KK. So I hope KenRe also provides for past due debts [they say they have done so] beyond a reasonable period. It should also write-off all assets that aren't in KenRe's name e.g. shady land deals done in the past. KenRe should concentrate on high yielding bonds, cheap(er) shares & increasing profitable underwriting. Slow but steady. Well put narrative.Following your footsteps slowly in kenre and kenol.got scared with unga hy results and jumped out before full year results which didnt convince me.Otherwise you are doing well with your investment philosophy.Keep up that way.Wachana na hii watu ya kutafuta utajiri ya haraka.They will end up nowhere.Mali inakuja pole pole. Young people cannot apply the philosophy of @vvs.. One may end up poor. But I respect the old man KQ ABP 4.26
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Ericsson		#579 Posted : Saturday, October 14, 2017 2:03:28 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: Ebenyo wrote: VituVingiSana wrote: murchr wrote: Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. Well put! My quotes/comments are often taken out of context by said questioner. I like KenRe currently but I will change my mind like I did with KQ if I smell something fishy. Firms have good and bad years but a good firm delivers over time. Warren Buffett has greatly influenced my investing style. He isn't always right, acknowledges errors and plods along making (usually) good investments with a long-term view. I hope to do the same. Not get rich quick schemes. I have written at length why I think KenRe is a good firm despite GoK's ownership/control BUT fishiness should not be tolerated. I also have Unga, which is in a tough industry, and took the decision to write-off huge Bad Debts in FY 2016-17. In addition, there was a write-down of goodwill too for Ennsvalley. Plus the write-down of the UG business. I like to see firms acknowledge screw-ups & learn from their errors. KK has been discussed as well and how Ohana has written off KPRL's debt owed to KK. So I hope KenRe also provides for past due debts [they say they have done so] beyond a reasonable period. It should also write-off all assets that aren't in KenRe's name e.g. shady land deals done in the past. KenRe should concentrate on high yielding bonds, cheap(er) shares & increasing profitable underwriting. Slow but steady. Well put narrative.Following your footsteps slowly in kenre and kenol.got scared with unga hy results and jumped out before full year results which didnt convince me.Otherwise you are doing well with your investment philosophy.Keep up that way.Wachana na hii watu ya kutafuta utajiri ya haraka.They will end up nowhere.Mali inakuja pole pole. Young people cannot apply the philosophy of @vvs.. One may end up poor. But I respect the old man The old man says at least here he hasn't lost money here and isn't been requested to pump money into the business. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#580 Posted : Saturday, October 14, 2017 4:54:31 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Ericsson wrote: obiero wrote: Ebenyo wrote: VituVingiSana wrote: murchr wrote: Funny how KNRE Mgt is being put to question yet the one questioning trusts his money with former lehman employees. Well put! My quotes/comments are often taken out of context by said questioner. I like KenRe currently but I will change my mind like I did with KQ if I smell something fishy. Firms have good and bad years but a good firm delivers over time. Warren Buffett has greatly influenced my investing style. He isn't always right, acknowledges errors and plods along making (usually) good investments with a long-term view. I hope to do the same. Not get rich quick schemes. I have written at length why I think KenRe is a good firm despite GoK's ownership/control BUT fishiness should not be tolerated. I also have Unga, which is in a tough industry, and took the decision to write-off huge Bad Debts in FY 2016-17. In addition, there was a write-down of goodwill too for Ennsvalley. Plus the write-down of the UG business. I like to see firms acknowledge screw-ups & learn from their errors. KK has been discussed as well and how Ohana has written off KPRL's debt owed to KK. So I hope KenRe also provides for past due debts [they say they have done so] beyond a reasonable period. It should also write-off all assets that aren't in KenRe's name e.g. shady land deals done in the past. KenRe should concentrate on high yielding bonds, cheap(er) shares & increasing profitable underwriting. Slow but steady. Well put narrative.Following your footsteps slowly in kenre and kenol.got scared with unga hy results and jumped out before full year results which didnt convince me.Otherwise you are doing well with your investment philosophy.Keep up that way.Wachana na hii watu ya kutafuta utajiri ya haraka.They will end up nowhere.Mali inakuja pole pole. Young people cannot apply the philosophy of @vvs.. One may end up poor. But I respect the old man The old man says at least here he hasn't lost money here and isn't been requested to pump money into the business. If anything, I have been getting regular dividends. KenRe is "cash-rich" with a good P/B ratio. I believe the CASH (& equivalents eg bonds, shares, etc) equals 18/share. [Please verify 1H 2017] ... So there's an additional 12/- of net assets! To think there was a time when KQ's cash holdings were equal the price. Then Naikuni & his Merry Crooks went shopping for too many planes. And fuel hedges. KenRe - IMHO - expands slowly. Kenya to EAC to Southern (not South) Africa and then West Africa. I expect KenRe to make an acquisition in the near future to expand its footprint but I hope it's a small acquisition to learn how to integrate a competitor. KenRe has also picked up a stake in Zep-Re (PTA-Re) as well as ATI. These add to the bottomline while providing diversification esp via Zep-Re. Will I get rich "chap-chap" with KenRe? NO, I will not. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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