Unfortunately my kenya-re wounds are still fresh. Kidonda ndugu hainiruhusu

Perhaps it is about liquidity of the shares.

I like KenRe (except the GoK control aspect) as a value play but I also have to accept I will have to hold onto these for a long, long time.
Perhaps Cytonn does not have that luxury.

It is easier to buy and sell KCB, etc given the liquidity.

Kenya Re is worth Kshs 9 per share but has remained a value trap for years.

Kenya Re is one boring share, it's like watching paint dry. Guess that's why people like it

Any stock on this list with a multiple of <= 1.0 is dirt cheap. Take action now. KCB and Equity had the same kind of multiples pre rate cap lifting and now they are a bit expensive

GENGHIS PLAYBOOK 2020…Harnessing Value

Dear Investors,

The Kenyan market still trades at a historical discount despite rally on key counters and potential downward shifts in the market will lead to attractive entry points. Valuations are still attractive for some of the counters especially stocks that missed out on last year’s rally despite their attractive prices and strong fundamentals including EABL, KenGen and KCB. Foreign investor inflow at the NSE is expected to persist during the year from stronger earnings from the key stocks and anchored by a stable currency (estimated at KES 100 - 104), which gained against USD for second year running.

On the economic front, we expect a GDP growth rate of 5.7% with expected protracted challenges in private consumption due deterioration in the business environment. Additionally, we do not see government achieve its fiscal consolidation efforts (5.6% fiscal deficit) expected at 7.0% this year.

By incorporating the key macro and corporate factors, the Genghis Capital Playbook 2020 seeks to bridge the gap between our clients and our research material. We move away from the traditional valuation reports and run our own Kenyan notional Equities and Fixed Income portfolios. These are constructed along similar mandates to those faced by our clients and the performance is tracked and our commentary along with our results published via our Genghis Weekly Report and Bloomberg terminal.

Top 5 Performing Stocks YTD
Kenya Airways +16.59%
Carbacid Investments +12.50%
CIC Insurance +10.07%
BOC Kenya +8.62%
WPPScangroup +8.43%

Last x years KenGen's share price has kept going down/stagnating. Investors are told to invest in KenGen for long term but how many years is long term? It is cheap but just locks in your capital. We can't tell the future but looking at the past 5 years KenGen was not the place to invest money. Methinks KenGen is like an Airline....very good as an Employer but not as a shareholder.

Good fundamentals like delayed FY results