@All
Don't be surprised if there is no dividend for the next 2 years . CC Kengen.

Ken_re needs to consolidate and reposition after the strange and generous bonus funded from part of their reserve.
I still maintain that the bonus was a Greek
gift to appease shareholders for the tough times ahead.
Will offload mine next week at circa 15 Bob (as per current ARTIFICIAL bull run) due to the irrational bonus to position in more promising counters .

The truth is ,
It is better to have FEW units of something than MANY units of NOTHING.


10,000 USD is of more value than 360,000 naira
AND
10,000 USD is more valuable than 100,000 shillings .


Kenya-re at 3.5 Bob post bonus is almost worthless.

When the post bonus euphoria ends and Ken-re faces the reality of NSE bear run , the counter will be struggling to get support at 3.00 Bob.

Look at I&M (1:1 bonus) and WPP SCAN ( Generous 3 Bob special dividend) , see their thorough price loss in the past few days.
Their antecedents with respect their immediate past FY results (Fy 18) is far better than KENRE.


I understand "our friend" HFCK which I offloaded last year at 9.0 Bob at a loss (now 4.45 Bob) will do a rights issue.
Good luck to HFCK.
HFCK also gave a Greek gift of 1:10 bonus last year before she sank to a loss in fy 18.

People in Nigeria answer the name Goodluck, that does not make them lucky . Information and knowledge is better than luck.

The rationale for issuance of the bonus shares is to cover tracks for inflated revenue reserves at KENRE that are non existent

The corruption and looting at HFCK is incomparable.
The rights issue to be undertaken is for shareholders to pay for the stolen cash.

Both are washed up used-to-be-good firms

I think you mean KQ.
1) Rights Issue of 3:1 in 2012 which only managed 70% primarily thanks to GoK and KLM.
2) Losses from 2012 to 2019 and ongoing.
3) 3 CEOs in 7 years.
4) Bailouts by GoK and KQLC.


Poor @Obiero is losing it.
I hope you share these enlightening insights on Wazua with your clients at Winda.

@Obiero advice to Winda's clients:

- Do NOT buy KK since it is a dubious buyout. Let others like @MaichBlack make their 50% gains.
- Do NOT buy profitable KenRe which has paid a dividend for years and has issued a massive bonus. Not to mention it has 20bn in cash.
- Do NOT buy profitable Unga which is making money, pays a dividend and was the object of a takeover.

- BUY the unprofitable KQ, which has not paid a dividend for years, has negative equity and is looking for a miracle.

A profit warning on KENRE and still we refer to performance

That's a crock of shite.
Speculators do not add/subtract to the firm's performance or coffers unless there is a Rights Issue.
Neither do long-term shareholders unless there is a Rights Issue or IPO.

If I do not sell and the firm does good like Safaricom did, what is this so-called carcass?

Investors should assess the fundamentals and when they worsen without hope of a reversal, then they should sell once the price is higher than intrinsic value. Examples include Mumias, Sameer, etc.
I experienced this with KQ. I enjoyed the good times and when the reversal happened I chose to exit. This had nothing to do with speculators but with worsening fundamentals of the firm.

Too much talk, nothing to show.

Publish your trades and we will gauge for ourselves if you are making money.

Since the bear started in 2016, most wazuans have been exposed to have been swimming naked . Some have made money from trading the sideways trends but majority are in capital losses.

This is a buyer's not a seller's market.

The next target area for Kenya Re that is remaining is the Indian Ocean islands of Mauritius,Seychelles,Madagascar,reunion islands and Comoros.
With the business agreement signed between Kenya and Mauritius,establishing a subsidiary in Mauritius should not have several roadblocks.
Kenya has welcomed Mauritius companies like SBM,Omnicane,Alteo Sugar