wazua Sat, Mar 21, 2026
Welcome Guest Search | Active Topics | Log In

81 Pages«<5657585960>»
KenyaRe FY19 - FY23 (Both Inclusive)
Options
Previous Topic · Next Topic
Ericsson
#571 Posted : Tuesday, October 20, 2020 7:33:04 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion



A special dividend will be great

From past experiences I don't see this coming.

Kenya Re needs to rejig their portfolio.
They should reduce their holding in government securities.Going forward yields on them are going down which will reduce the interest income.
Their portfolio in quoted securities is very small at ksh.2bn yet assets is 53bn.
In my opinion a good level of holdings in quoted securities should be about ksh.6bn
From 2bn to 6bn (with total assets of 53bn) hardly moves the needle. 10bn minimum (20%) in equities (at low prices) in good firms and reduce the % exposure to real estate.

Trying to sell the Kisumu building is a good start.


Yes and some of their real estate properties have disputes/cases,disposal may take time.
At sh.6bn or 10bn at low prices,means if they have a good selection the prices will rise significantly thereby reducing the share of real estate as a percentage of the total assets.
NB:I would say a percentage of 12-15% for quoted equities at low prices.
The remaining 15% they can allocate in unquoted equities such as their holdings in Zep Re,Uganda Re,Africa Re,ATI etc.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Balaa
#572 Posted : Friday, October 23, 2020 2:18:07 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Kenya Re in KES 1.2 billion court row with KRA

https://youtu.be/jq3e9eV2F5Q
If it don't make dollars, it don't make sense
Back to top
WWW
  |
Ericsson
#573 Posted : Sunday, October 25, 2020 9:58:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya Reinsurance has put a tender for sale of Reinsurance Plaza Kisumu.
Reserve price Ksh.1 billion



A special dividend will be great

From past experiences I don't see this coming.

Kenya Re needs to rejig their portfolio.
They should reduce their holding in government securities.Going forward yields on them are going down which will reduce the interest income.
Their portfolio in quoted securities is very small at ksh.2bn yet assets is 53bn.
In my opinion a good level of holdings in quoted securities should be about ksh.6bn
From 2bn to 6bn (with total assets of 53bn) hardly moves the needle. 10bn minimum (20%) in equities (at low prices) in good firms and reduce the % exposure to real estate.

Trying to sell the Kisumu building is a good start.


As per half year results,Real estate/property portfolio comprises 23% of their assets.
The figure of total value of real estate will go up as some of the disputes/cases they have come into conclusion.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#574 Posted : Wednesday, November 11, 2020 10:46:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya Re handed its dividend cheque to treasury Cabinet Secretary Ukur Yattani today.
Seems other shareholders have started receiving.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ebenyo
#575 Posted : Tuesday, November 17, 2020 3:40:40 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Kenya Re handed its dividend cheque to treasury Cabinet Secretary Ukur Yattani today.
Seems other shareholders have started receiving.




Other shareholders will start receiving on 20th
Towards the goal of financial freedom
Back to top
  |
VituVingiSana
#576 Posted : Tuesday, November 17, 2020 6:48:13 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
Kenya Re handed its dividend cheque to treasury Cabinet Secretary Ukur Yattani today.
Seems other shareholders have started receiving.




Other shareholders will start receiving on 20th
Animal Farm. Some are "better" than others.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
heri
#577 Posted : Tuesday, November 17, 2020 7:42:40 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
VituVingiSana wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya Re handed its dividend cheque to treasury Cabinet Secretary Ukur Yattani today.
Seems other shareholders have started receiving.




Other shareholders will start receiving on 20th
Animal Farm. Some are "better" than others.


Or could it be that some are more 'broke' than others and need any urgent help they can get
Back to top
WWW
  |
Ericsson
#578 Posted : Tuesday, December 15, 2020 10:30:49 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...irm-acre-africa-3228934

Zep Re at this rate will be contributing close to 40% of Kenya Re profits
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#579 Posted : Tuesday, December 29, 2020 8:03:04 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
VituVingiSana wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya Re handed its dividend cheque to treasury Cabinet Secretary Ukur Yattani today.
Seems other shareholders have started receiving.




Other shareholders will start receiving on 20th
Animal Farm. Some are "better" than others.


Or could it be that some are more 'broke' than others and need any urgent help they can get


Some are more broke than others fits the description.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#580 Posted : Wednesday, December 30, 2020 12:01:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Mandatory cessation law that forces local insurers tto cede at least 20% of the Reinsurance business to Kenya Re expires tomorrow midnight.
This will be extended by treasury as Kenya Re seeks a higher percentage too.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
81 Pages«<5657585960>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.