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KenyaRe FY19 - FY23 (Both Inclusive)

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Ebenyo		#691 Posted : Tuesday, August 17, 2021 11:49:55 AM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		heri wrote: Has anyone received the dividends ? I have not yet received mine Towards the goal of financial freedom
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Ericsson		#692 Posted : Thursday, August 19, 2021 3:13:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ebenyo wrote: heri wrote: Has anyone received the dividends ? I have not yet received mine They started paying from yesterday. Delay was due to switching banks Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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watesh		#693 Posted : Thursday, August 19, 2021 4:38:54 PM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		heri wrote: Has anyone received the dividends ? Got mine today morning
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VituVingiSana		#694 Posted : Friday, August 20, 2021 4:48:28 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Ericsson wrote: Ebenyo wrote: heri wrote: Has anyone received the dividends ? I have not yet received mine They started paying from yesterday. Delay was due to switching banks Why did they switch banks at the last minute? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#695 Posted : Sunday, September 12, 2021 11:47:43 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Queen wrote: Ericsson wrote: obiero wrote: Ericsson wrote: VituVingiSana wrote: No results and it's already June! Disappointing. Kenya Re 2020 results: - Gross written premiums up 5.7% - Net earned premiums up 34.2% - Claims incurred up 21.7% - Cedant acquisition costs up 29.8% - Profit b4 tax down 4.6% - Total Assets up 5.7% - Dividend of Kshs. 0.20 (DPR:20%) Book closure 30 June 2021 Payment date 13 August 2021 Registration for the AGM opens on 2 June and closes on Monday 28 June at 11am Link to the full results; https://mwangocapital.fi...21/06/kenya-re-2020.pdf That dividend yield is decent. Not interested though, because of the trap It's a better counter compared to KQ and HFCK. A taller dwarf compared to those other two dwarfs. The results are quite good under the circumstances. From the earlier press release it seems KenyaRe might have had take some additional hits/provisions relating to new rules/IFRS. I am waiting to read the Chairman and CEO's letters. Plus the details in the annual report. Investment income on revaluation of properties got a beating. About time KenyaRe got real about property valuations. I always discount these when I do my analysis. - Kisumu property for sale at 1bn but no offers it seems. - Vacancies in existing properties due to COVID and other reasons. - CMA looking to move - Upper Hill plot is dead in the water for now. There wasn't much of a FV loss in 2020 in the accounts but in reality it should have been much higher. They have decided to keep Reinsurance plaza Kisumu after failing to get buyers Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#696 Posted : Monday, September 13, 2021 12:14:03 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ebenyo wrote: Last year the dividend was 0.10. They can afford 0.20 this year. Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#697 Posted : Monday, September 13, 2021 9:07:41 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		https://www.businessdail...covid-19-deaths-3548072 Insurance claims rise on job losses, Covid-19 deaths Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#698 Posted : Monday, September 13, 2021 11:06:31 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		General re-insurance contributes 85% of total income. Long term re-insurance which is mainly life assurance reinsurance contributes 15% of total income. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ebenyo		#699 Posted : Friday, September 24, 2021 9:49:46 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		Ericsson wrote: Ebenyo wrote: Last year the dividend was 0.10. They can afford 0.20 this year. Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable. I doubt Towards the goal of financial freedom
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Ericsson		#700 Posted : Friday, September 24, 2021 11:43:00 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ebenyo wrote: Ericsson wrote: Ebenyo wrote: Last year the dividend was 0.10. They can afford 0.20 this year. Unless they do a major turnaround in H2,a profit warning and dividend cut is inevitable. I doubt So according to you Kenya Re will be able to reverse the 64% drop in first half profit and avoid a profit warning? Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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