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Kenya Re - Why the sluggishness
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whynow
#1 Posted : Tuesday, July 27, 2010 11:33:41 AM
Rank: New-farer

Joined: 7/19/2010
Posts: 98
Location: Kenya
Despite good PE and low price, the market is not interested in this stock. Anything which we dont know? Anyone.
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Wa_ithaka
#2 Posted : Tuesday, July 27, 2010 11:45:40 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
I know we don't look forward, but isn't the end of the ceding period in 2011 a concern?
The Governor of Nyeri - 2017
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the deal
#3 Posted : Tuesday, July 27, 2010 11:47:05 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
whynow wrote:
Despite good PE and low price, the market is not interested in this stock. Anything which we dont know? Anyone.
Laughing out loudly Laughing out loudly Laughing out loudly Does Kenya Re have an MD? You fire your MD then the following week he gets employed by your rival(Afica Re-Jubilee has a stake)... Can they survive without the compulsory cessions? If the referundum goes soar...will Kenya Re survive the Billions in Claims? What was their PAT in final results 2009? despite posting 43% increase in 3Q PAT....
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mv_ufanisi
#4 Posted : Tuesday, July 27, 2010 11:56:36 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
This company needs to be fully privatized. The people running it are civil servants who don't care so much about the company and that's why they could casually oust the CEO without any care about the company performance. This is a classic case of company for management not shareholders.
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2012
#5 Posted : Tuesday, July 27, 2010 12:06:01 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
My advice, buy now. Fundamentals (ya, there's that word again) are strong and the price is good. Just needs good PR a good CEO to point it in the right direction and you'll see it <25/-
BBI will solve it :)
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StatMeister
#6 Posted : Tuesday, July 27, 2010 1:13:31 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
the deal wrote:
whynow wrote:
Despite good PE and low price, the market is not interested in this stock. Anything which we dont know? Anyone.
Laughing out loudly Laughing out loudly Laughing out loudly . . .If the referundum goes soar...will Kenya Re survive the Billions in Claims?
@deal, doesn't this apply to all insurers who went into political insurance?
A bad day fishing is better than a good day at work
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selah
#7 Posted : Tuesday, July 27, 2010 1:36:04 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
mv_ufanisi wrote:
This company needs to be fully privatized. The people running it are civil servants who don't care so much about the company and that's why they could casually oust the CEO without any care about the company performance. This is a classic case of company for management not shareholders.
I agree with you.A re insurer which is 60% government controlled would be filled with a lot of bureaucrat.The Govt should offload at least 25% more to a strategic investor hence living the public with the controlling majority.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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PKoli
#8 Posted : Tuesday, July 27, 2010 1:49:21 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
I do not agree that the reason Kenya Re is not doing well is because it is 60% owned by government. There is a lot of professionalism in many organisations where government has more control than Kenya Re; Look at KPLC, KenGen, KRA, CBK; Kenya Re, to me has not yet got leadder to steer it to great heights. When they do so, the share will be over 20 bob
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  | | Edit by user: Tuesday, July 27, 2010 4:19 PM | Reason: Not specified
youcan'tstopusnow
#9 Posted : Tuesday, July 27, 2010 2:12:22 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The end of the concessions will not have as big an impact as most wazuans are saying. The insurers are currently reinsuring a lot more than is already required by the law, so it is a misconception to assume that the insurers will stop doing business with KRA in 2011
GOD BLESS YOUR LIFE
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marketHEAD
#10 Posted : Tuesday, July 27, 2010 3:26:16 PM
Rank: New-farer

Joined: 1/26/2010
Posts: 35
Location: nairobi
Fundamentally, this is a buy now stock,, buy now wait till they get some new managemnt or even better for some strategic private investor. how long you wait? ...i dont know.
Success is 20 percent skills and 80 percent strategy.
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