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Kenya Re - what gives?
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VituVingiSana
#581 Posted : Saturday, October 14, 2017 5:00:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
KenRe vid 1H 2017 https://www.facebook.com...ideos/1513347512058887/

@Ebenyo - Unga will have an interesting 2017-18. I hope we get lots of "good" [not heavy and sporadic that causes flooding] rain in your grain baskets. We should not be importing so much maize and wheat.

KenRe has been hurt with the reduction in economic activity in 2017 as businesses scale back expansion plans as well as a slowdown in business. That is evident from 1H 2017 results.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#582 Posted : Saturday, October 14, 2017 5:31:43 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
KenRe vid 1H 2017 https://www.facebook.com...ideos/1513347512058887/

@Ebenyo - Unga will have an interesting 2017-18. I hope we get lots of "good" [not heavy and sporadic that causes flooding] rain in your grain baskets. We should not be importing so much maize and wheat.

KenRe has been hurt with the reduction in economic activity in 2017 as businesses scale back expansion plans as well as a slowdown in business. That is evident from 1H 2017 results.

@vvs I have earned both capital gains and dividend on various counters at the NSE, USE & RSE such as BOK, BRLW, COOP, HF, KCB KEGN, KENRE, SBU.. It's just that right now I am aiming for a different type of kill. By the way UNGA is likely to post a marginal profit if not a loss, while KQ will post a marginal loss if not a profit

KQ ABP 4.26
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  | | Edit by user: Saturday, October 14, 2017 5:34 AM | Reason: Not specified
VituVingiSana
#583 Posted : Monday, October 16, 2017 3:38:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...141638-a8ujno/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#584 Posted : Tuesday, October 17, 2017 11:19:14 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#585 Posted : Tuesday, October 17, 2017 11:29:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Ericsson wrote:
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

KQ ABP 4.26
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Ericsson
#586 Posted : Wednesday, October 18, 2017 12:50:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
Ericsson wrote:
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Mandatory concession doesn't mean you will be efficient.You can have mandatory and guaranteed business and still be inefficient e.g
Telkom kenya,KQ,kenya Railways
Key is do your best with the opportunity given to you at a particular time
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Wednesday, October 18, 2017 1:45 AM | Reason: Not specified
VituVingiSana
#587 Posted : Wednesday, October 18, 2017 5:13:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
Ericsson wrote:
[quote=VituVingiSana]Kenya Re ranked most attractive insurance firm for investment

http://www.businessdaily...41638-a8ujno/index.html[/quote]

Wins award in terms of
Corporate governance
Profitability
Efficiency

Efficiency backed by mandatory concessions. Give me a break

Well, KQ despite being designated the "National Airline" and protected with prime slots at JKIA could not cut the mustard...
KCAA has been reluctant to allow charter flights to Nairobi to protect KQ.
Fastjet was ostensibly denied certain rights to protect KQ.

KenRe has paid me a dividend since 2013 to me, has KQ?

Bottomline: KenRe remains a good investment choice vs many other firms. Is KenRe perfect? NO...
Is the Corporate Governance good? YES [until I hear otherwise]
Is it well run [at the moment]? YES...
Is KenRe profitable? YES
Is its P/B attractive? YES
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, October 18, 2017 5:43 AM | Reason: Not specified
Ebenyo
#588 Posted : Thursday, October 19, 2017 5:44:52 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
VituVingiSana wrote:
KenRe vid 1H 2017 https://www.facebook.com...ideos/1513347512058887/

@Ebenyo - Unga will have an interesting 2017-18. I hope we get lots of "good" [not heavy and sporadic that causes flooding] rain in your grain baskets. We should not be importing so much maize and wheat.

KenRe has been hurt with the reduction in economic activity in 2017 as businesses scale back expansion plans as well as a slowdown in business. That is evident from 1H 2017 results.



i read somewhere in the news recently that Unga will install some new machines in their eldoret depot to save costs.I liked so much as the expense were too high in the HY which led to Full year loss.I will get back after book closure.

KENRE looks solid.I got their first dividends this year and i intend to keep it and add more over the time.its my only insurance counter and i will keep it that way untill otherwise.
Towards the goal of financial freedom
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  | | Edit by user: Thursday, October 19, 2017 5:49 PM | Reason: Not specified
Ebenyo
#589 Posted : Tuesday, January 09, 2018 3:58:23 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
the thread "kenya-re hy 17 results" is missing.was it deleted or what? tried to look for it in vain.
Towards the goal of financial freedom
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Ericsson
#590 Posted : Tuesday, January 09, 2018 4:53:42 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
the thread "kenya-re hy 17 results" is missing.was it deleted or what? tried to look for it in vain.


It's still there,what do you want to say
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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