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Kenya Re - what gives?

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Pirate		#591 Posted : Wednesday, January 10, 2018 12:34:12 PM
Rank: Member Joined: 4/4/2007 Posts: 91		Someone just bought 3m shares . Anything cooking ? Knowledge is power , but action gets things done ...
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Ericsson		#592 Posted : Wednesday, January 10, 2018 12:39:50 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Pirate wrote: Someone just bought 3m shares . Anything cooking ? Repositioning for full year results https://www.businessdail.../539552-4256500-vgbf11/ Read the article,foreign investors have been net buyers on kenya re since year began Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Pirate		#593 Posted : Wednesday, January 10, 2018 12:45:39 PM
Rank: Member Joined: 4/4/2007 Posts: 91		Ericsson wrote: Pirate wrote: Someone just bought 3m shares . Anything cooking ? Repositioning for full year results https://www.businessdail.../539552-4256500-vgbf11/ Read the article,foreign investors have been net buyers on kenya re since year began Sharp! Knowledge is power , but action gets things done ...
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obiero		#594 Posted : Wednesday, April 04, 2018 5:53:11 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		VituVingiSana wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: Kenya Re ranked most attractive insurance firm for investment http://www.businessdaily...41638-a8ujno/index.html 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 Kenya Re unlike KQ, has virtually no competition if you consider the mandatory concessions. Corporate governance dead as a dodo @chief vvs .. You live to fight another battle! Never dispute exchange bar information.. KQ ABP 4.26
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VituVingiSana		#595 Posted : Wednesday, April 04, 2018 8:33:31 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		obiero wrote: VituVingiSana wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: Kenya Re ranked most attractive insurance firm for investment http://www.businessdaily...41638-a8ujno/index.html 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 Kenya Re unlike KQ, has virtually no competition if you consider the mandatory concessions. Corporate governance dead as a dodo @chief vvs .. You live to fight another battle! Never dispute exchange bar information.. Exchange Bar had NOTHING to say about KenRe before we all read about Mwarania's sacking. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Horton		#596 Posted : Wednesday, April 04, 2018 9:21:46 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		VituVingiSana wrote: obiero wrote: VituVingiSana wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: Kenya Re ranked most attractive insurance firm for investment http://www.businessdaily...41638-a8ujno/index.html 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 Kenya Re unlike KQ, has virtually no competition if you consider the mandatory concessions. Corporate governance dead as a dodo @chief vvs .. You live to fight another battle! Never dispute exchange bar information.. Exchange Bar had NOTHING to say about KenRe before we all read about Mwarania's sacking. Personally, I can now consider this counter. I really hated the lethargy Mwarania’s team displayed. I will wait to see who is appointed.
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obiero		#597 Posted : Wednesday, April 04, 2018 10:01:21 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		obiero wrote: VituVingiSana wrote: mulla wrote: Ericsson wrote: sparkly wrote: obiero wrote: VituVingiSana wrote: sparkly wrote: obiero wrote: Horton wrote: Kenya Re holds 70% of the reinsurance market. So even if the cessions ends, they still hold majority market share. I can see Mr. market recognizing this as the insurance sector is on the uptick. http://www.ira.go.ke/att...0Industry%20Release.pdf Page 30 for market share info Problem isn't market share and stuff.. It runs deep. Remember KQ is sincerely speaking, the only airline in East Africa but still made losses totalling over KES 61B in the last three years Why are we discussing KQ on this thread? KQ was even brought up in the Centum thread! And in the KK thread. Some folks can't handle profitable firms! 😂😂😂 I saw KQ too on the Safaricom thread as well as EABL.. Maybe it's just a popular firm :) Good investments do not attract attention and passion. The converse is true for poor investments. Take the most discussed stocks and stocks with the longest threads on Wazua and plot them against their total returns in the last 10yrs. KQ, HAL, Mumias, Uchumi. The results will be obvious. "You cannot make money buying what is popular" - WB applies all the time. Spoken like 10 elders so true....human psycology is weird...instead of discussing good firms that can make you money instead most would rather bash in a non-performing company "glorify"in its failure... Not true. Some of feel we have a civic duty to call out the BS peddled by some "paid" liars. These liars portray a false image of the firm. Pump and Dump. Also there are lessons to be learnt on how to assess a firm's management and performance. I have learnt many lessons from my unfortunate foray into Olympia and KQ. Lessons I try to apply to other investments e.g. debt:equity, corporate governance, management ownership, etc. KenyaRe is an investment I made after selling off my KQ. It's not flashy, the CEO isn't on many (unrelated) boards, is cash rich and has a moat. KQ was/had none of these. It's share price is lethargic but I am a net buyer who loves discounted stocks. I can wait 5 or 10 years before there's a meaningful increase in price. KenRe facing massive downward pressure.. We wish the travellers on this bus, a safe journey Cough cough KQ ABP 4.26
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obiero		#598 Posted : Wednesday, April 04, 2018 10:02:51 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		obiero wrote: AndyC wrote: Over 1m shares traded today. Demand and supply numbers hardly changed. Smart money moving out. Now at KES 18.60 per piece https://www.nse.co.ke/ma...atistics&Itemid=190 @vvs KQ ABP 4.26
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Ericsson		#599 Posted : Thursday, April 05, 2018 5:39:11 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: obiero wrote: AndyC wrote: Over 1m shares traded today. Demand and supply numbers hardly changed. Smart money moving out. Now at KES 18.60 per piece https://www.nse.co.ke/ma...atistics&Itemid=190 @vvs He is happy the counter has been included in the NSE 20 Share index Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#600 Posted : Thursday, April 05, 2018 6:53:01 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Ericsson wrote: obiero wrote: obiero wrote: AndyC wrote: Over 1m shares traded today. Demand and supply numbers hardly changed. Smart money moving out. Now at KES 18.60 per piece https://www.nse.co.ke/ma...atistics&Itemid=190 @vvs He is happy the counter has been included in the NSE 20 Share index Hehe.. Its an achievement of sorts. Only hope that the share will rise against all odds KQ ABP 4.26
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